FAIRWIND LEARNING CENTER

EIN: 471588668 501(c)(3) Education

MARBLEHEAD, MA

Total Revenue
$671,372
Total Expenses
$608,237
Total Assets
$149,201
Net Assets
$126,002
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Principal Officer
ANA COLMENERO
Phone
7819901862
Tax Period
2022-07-01 to 2023-06-30

FAIRWIND LEARNING CENTER, founded in 2014, is a small nonprofit in the Education sector that reported $671K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $608K left a modest 9% surplus.

Mission

THE ORGANIZATION IS AN EDUCATIONAL LEARNING CENTER THAT STRIVES TO PROVIDE YOUNG CHILDREN WITH HIGH QUALITY EDUCATION THAT FOCUSES ON AGE APPROPRIATE ACADEMICS AND DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $449,140 Revenue: $644,137

FAIRWIND PROVIDES FULL AND HALF DAY TRANSITIONAL KINDERGARTEN AND PRESCHOOL CLASSES FOR CHILDREN AGES 3 TO 6, AND TODDLER CLASSES FOR CHILDREN AGE 2 TO 3, THAT ENCOURAGE CHILDREN TO ASK QUESTIONS AND...

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FAIRWIND PROVIDES FULL AND HALF DAY TRANSITIONAL KINDERGARTEN AND PRESCHOOL CLASSES FOR CHILDREN AGES 3 TO 6, AND TODDLER CLASSES FOR CHILDREN AGE 2 TO 3, THAT ENCOURAGE CHILDREN TO ASK QUESTIONS AND BECOME PROBLEM SOLVERS BY FOSTERING CONFIDENCE AND CREATING INDEPENDENT THINKERS AND LIFELONG LEARNERS. TRANSITIONAL KIDERGARTEN AND PRESCHOOL II ATTEND THE PROGRAM MONDAY THROUGH FRIDAY, WHILE PRESCHOOL I ATTEND THE CENTER MONDAY THROUGH THURSDAY AND STUDENTS OF THE TODDLER CLASS ATTEND MONDAY, TUESDAY AND THURSDAY. TRANSITIONAL KIDERGARTEN AND PRESCHOOL II PROGRAMS ARE FULL DAY PROGRAMS WHILE PRESCHOOL I AND TODDLER ARE HALF DAY PROGRAMS. PRESCHOOL I STUDENTS HAVE THE OPTION TO STAY AN EXTRA HOUR FOR LUNCH, ON TUESDAYS AND THURSDAYS, FOR AN ADDITIONAL FEE.

Program 2
Expenses: $7,125 Revenue: $24,917

THE EXTENDED ENRICHMENT PROGRAM IS OFFERED THROUGH THE YEAR IN 8 WEEK SESSIONS. THESE CLASSES ARE OFFERED TO FAIRWIND TK AND PRESCHOOL II STUDENTS (AGES 4-6), MONDAY THROUGH THURSDAY FROM 3 TO 4 PM...

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THE EXTENDED ENRICHMENT PROGRAM IS OFFERED THROUGH THE YEAR IN 8 WEEK SESSIONS. THESE CLASSES ARE OFFERED TO FAIRWIND TK AND PRESCHOOL II STUDENTS (AGES 4-6), MONDAY THROUGH THURSDAY FROM 3 TO 4 PM, FOR AN ADDITIONAL FEE.

Program 3

FAIRWIND DID NOT OFFER ANY CLASSES IN THE SUMMER OF 2022 AND 2023. THE SUMMER PROGRAM WILL RESUME IN THE SUMMER OF 2024 AS A 5-WEEK PROGRAM (MONDAY THROUGH THURSDAY) OPENED TO FAIRWIND CURRENTLY...

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FAIRWIND DID NOT OFFER ANY CLASSES IN THE SUMMER OF 2022 AND 2023. THE SUMMER PROGRAM WILL RESUME IN THE SUMMER OF 2024 AS A 5-WEEK PROGRAM (MONDAY THROUGH THURSDAY) OPENED TO FAIRWIND CURRENTLY ENROLLED STUDENTS ONLY, AGES 4-6.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $50
Program Service Revenue $668,538
Investment Income $2,268
Other Revenue $516
TOTAL REVENUE $671,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $444,879
Fundraising Expenses $0
Program Expenses $456,265
Other Expenses $163,358
TOTAL EXPENSES $608,237

Year-over-Year Comparison

2022 2021 Change
Revenue $671,372 $551,086 +0.2%
Expenses $608,237 $496,078 +0.2%
Net Income $63,135 $55,008 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
12
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$46,734
Total Directors
4
$46,734
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANA COLMENERO PRESIDENT 0.25
Officer Director
$0 $0 $0
JILL WEISE TREASURER 0.25
Director
$0 $0 $0
ALEXA SQUITERI CLERK 0.25
Director
$0 $0 $0
KATHY SWEETLAND EXECUTIVE DIRECTOR 0.25
Officer Director
$46,734 $0 $46,734
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $671,372 $608,237 $149,201 $63,135
2023 $671,372 $608,237 $149,201 $63,135
2022 $551,086 $496,078 $101,395 $55,008
2021 No data $28,325 $113,616 No data
2020 $512,947 $512,526 $69,670 $421
2019 $571,416 $601,288 $99,052 $-29,872
2018 $598,082 $540,163 $170,563 $57,919
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