Creative Education Inc Dba Odyssey Day School
Nonprofit profile at a glance
- EIN
- 043270782
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Wakefield, MA, USA
- Phone
- 7812456050
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $2,284,704
- Expenses
- $2,192,457
- Assets
- $2,402,490
- Liabilities
- $646,348
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MIKE SOULIOS (PRESIDENT)
- CAROLYN JIN (VICE PRESIDENT)
Highest reported compensation
- MARGARET DOUGLAS (HEAD OF SCHOOL (FORMER)): $120,261 total reported compensation
- COLLEEN SHELTON (DIRECTOR OF ECE): $99,275 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At Odyssey Day School, we nurture our students' natural curiosity and enthusiasm and help develop critical thinking skills that serve them for the rest of their lives. Our vibrant community engages the whole child and fosters social, emotional, academic, and physical development. We know that when children feel accepted, connected, and loved, they gain the confidence to take intellectual risks and become empathetic and imaginative thinkers. Odyssey Day School is a safe and nurturing community which is responsive to the needs of families and promotes accessibility to families at all income levels. Students, teachers, and parents work together to support an inclusive and multitalented population of individual learners who are celebrated for who they are.
What it reported doing in 2024
At Odyssey Day School, we believe all children need and deserve a safe, nurturing and stimulating educational environment where developmental needs, personal interest and talents, and individual learning styles are addressed. Our small classes, high ratio of teachers to students, flexible student groupings and differentiated approach to curriculum planning, provide the personalized attention children need in order to experience success and develop a joy for learning.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.5%; rating input score 73
- Program expense ratio: 78.1%; rating input score 78
- Fundraising efficiency: $47.11 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 10%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 20% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 73.5% of revenue deployed · 78.1% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $120K · 14 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.