BEACON ACADEMY INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BEACON ACADEMY INC (EIN 73-1710051)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-02-28
- IRS object ID
- 202320599349300542
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-28T14:01:28-06:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WITHUMSMITHBROWNPC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 SEAPORT BOULEVARD | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 731710051 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Beacon Academy Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % CHARLES E CARTER | InCareOfNm |
| Business Name Control | BEAC | BusinessNameControlTxt |
| Phone | 6174232266 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 814 South Street | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02131 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT D STEELE | PersonNm |
| Person Title | DIRECTOR OF FINANCE | PersonTitleTxt |
| Phone | 6172333022 | PhoneNum |
| Signature | 2023-02-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SCOTT D | PersonFirstNm |
| Person Last | STEELE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD W BAPTISTA | PreparerPersonNm |
| PTIN | P01339044 | PTIN |
| Phone | 6172273333 | PhoneNum |
| Preparation | 2023-02-27 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Charles E Carter | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 814 South Street | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02131 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,689,672 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.beaconacademy.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 18 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,853,796 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,170,869 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,048 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $575 | CYProgramServiceRevenueAmt |
| PY Investment Income | $306,495 | PYInvestmentIncomeAmt |
| CY Investment Income | -$968,015 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,161,339 | PYTotalRevenueAmt |
| CY Total Revenue | $1,203,429 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,327,280 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,581,301 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $131,467 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $856,323 | PYOtherExpensesAmt |
| CY Other Expenses | $1,140,342 | CYOtherExpensesAmt |
| PY Total Expenses | $2,183,603 | PYTotalExpensesAmt |
| CY Total Expenses | $2,721,643 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,977,736 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,518,214 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $18,410,775 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,262,278 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $530,131 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $145,372 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $17,880,644 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,116,906 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | BEACON ACADEMY IS A FULL-TIME EXTRA YEAR OF SCHOOL BETWEEN 8TH & 9TH GRADES DESIGNED TO PROPEL URBAN STUDENTS FROM UNDERPERFORMING PUBLIC SCHOOLS TO THE HIGHEST PERFORMING PRIVATE SCHOOLS. WE SUPPORT OUR STUDENTS THROUGH COLLEGE GRADUATION AND BEYOND. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,833,916 | ExpenseAmt |
| Revenue | $575 | RevenueAmt |
| Desc | The school- Over Beacon Academy's intensive 14 months, 8+ hour school days include intense and high level academic instruction, co-curricular programming, study halls and then 2-3 hours of homework. Beacon starts in July with 5-weeks of summer school, continues through the academic year, and a second summer of individually tailored academic and enrichment programs. Experienced teachers, small classes and an engaging, rigorous curriculum ensure that students gain at least two years of learning in one year to prepare them for success in the competitive secondary schools. In addition to intensive math, english and facing history courses, students take research and advocacy and mini courses in science and latin. Beacon students also participate in community service learning, nutrition and sports education and activities designed to increase their cultural fluency. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $315,914 | ExpenseAmt |
| Desc | Alumni Program - The alumni program facilitates important and continuous connections between Beacon Alumni and our staff, volunteers, coaches and mentors. This ongoing engagement, support and guidance ensure our Alumni's successs through high school, college and beyond. We know that our students, much like their peers from the same zip codes, face ongoing obstacles including a lack of rigorus academic preparation, campus isolation and the need for financial aid. Beacon addresses these issues in the following ways: Five annual community alumni events, college preparation and application support, emergency funds, deep and ongoing relationships. Despite the best intentions of the fine institutions that accept and fund our students, Beacon graduates encounter racism, isolation and other obstacles to their success in high school and college. The Beacon Academy Alumni Program guarantees support, guidance and a community of achievement through high school, college and beyond. Alumni Program Components: Scheduled Alumni Events: We host many annual events such as a high school and college seminars, a homecoming dance, a holiday party, college visits and advising, and a graduation luncheon, which creates an ongoing alumni community. College Support: We have actively developed our college support component of our alumni program. Components include: our own guide book designed to help students who are not familiar with the college application process, sat prep, essay writing workshops, interview preparation, advising, college visits and access to gap funding. Emergency Fund: Students may apply to Beacon for ancillary items not covered by tuition to help them be full participants in high school and college such as eyeglasses, textbooks, field trip expenses and athletic equipment. Ongoing Relationships: Our small size and intense relationships endure. Students articulate that they turn to Beacon friends first when struggling with issues of financial aid, domestic abuse or the college application process. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,149,830 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 23 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 18 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | false | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES E CARTER | PersonNm |
| Phone | 6174232266 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 814 SOUTH STREET | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02131 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|---|---|
| CYNTHIA LABA | |||||||||
| FMR HD OF SCHOOL (THRU 1/2021) | 50.0 | 0.0 | Yes (X) | $222,337 | $0 | $18,941 | |||
| Eric Nett | |||||||||
| Director of Enrollment | 50.0 | 0.0 | $100,398 | $0 | $13,057 | Yes (X) | |||
| Charles E Carter | |||||||||
| CEO and Head of School | 50.0 | 0.0 | $101,254 | $0 | $7,543 | Yes (X) | Yes (X) | ||
| Amy McCarthy | |||||||||
| CHAIR, DIRECTOR | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Kevin Parke | |||||||||
| Vice-Chair, Director | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Anna Afeyan | |||||||||
| Treasurer, Director | 5.0 | 0.0 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| DEEDIE BOUSCAREN | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| TONY BROOKE | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| PRISCILLA COHEN | |||||||||
| DIRECTOR-Past | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| CATHY CORMAN | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| LISA DIADAMO | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| JEN DOLINS | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| GEORGIA FELDMAN | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| KATHERINE FISHER | |||||||||
| DIRECTOR, CLERK | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| ELLIE LOUGHLIN | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| JESSICA LUTZKER | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| REBECCA MAILER-HOWAT | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| JULIE MCKENNA | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| VICTORIA MUNROE | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| ALLYCE NAJIMY | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| ELAINE O'CONNELL | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| TASHA ODEMWINGIE | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| JUAN RODRIGUEZ | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| MICHAEL RUBENSTEIN | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| ANN RYAN | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| BETH STONEBRAKER | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| KYLE UMEMBA | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| GRETCHEN WARLAND | |||||||||
| DIRECTOR | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Nina Bowman | |||||||||
| Director | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Charlie Davies | |||||||||
| Director | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Janet Berkeley | |||||||||
| Director | 2.0 | 0.0 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $423,989 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $39,541 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ZVI Construction | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 131 Dummer St | AddressLine1Txt |
| City | BROOKLINE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02446 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Construction Service | ServicesDesc |
| Compensation | $1,537,111 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $656,353 | FundraisingAmt |
| All Other Contributions | $1,514,516 | AllOtherContributionsAmt |
| Total Contributions | $2,170,869 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $575 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $575 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $575 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $210,837 | TotalRevenueColumnAmt |
| Exclusion | $210,837 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,254,596 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,433,448 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,178,852 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,178,852 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $52,795 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $656,353 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $52,795 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,203,429 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $575 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $210,837 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,222 | TotalAmt |
| Program Services | $320,185 | ProgramServicesAmt |
| Management And General | $43,902 | ManagementAndGeneralAmt |
| Fundraising | $27,135 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $912,844 | TotalAmt |
| Program Services | $747,089 | ProgramServicesAmt |
| Management And General | $102,440 | ManagementAndGeneralAmt |
| Fundraising | $63,315 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,788 | TotalAmt |
| Program Services | $25,347 | ProgramServicesAmt |
| Management And General | $4,852 | ManagementAndGeneralAmt |
| Fundraising | $1,589 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,093 | TotalAmt |
| Program Services | $118,882 | ProgramServicesAmt |
| Management And General | $22,756 | ManagementAndGeneralAmt |
| Fundraising | $7,455 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,354 | TotalAmt |
| Program Services | $76,829 | ProgramServicesAmt |
| Management And General | $14,707 | ManagementAndGeneralAmt |
| Fundraising | $4,818 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,212 | TotalAmt |
| Program Services | $9,893 | ProgramServicesAmt |
| Management And General | $16,258 | ManagementAndGeneralAmt |
| Fundraising | $61 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,182 | TotalAmt |
| Program Services | $20,072 | ProgramServicesAmt |
| Management And General | $32,986 | ManagementAndGeneralAmt |
| Fundraising | $124 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,115 | TotalAmt |
| Management And General | $47,115 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,764 | TotalAmt |
| Program Services | $54,008 | ProgramServicesAmt |
| Management And General | $79,472 | ManagementAndGeneralAmt |
| Fundraising | $284 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,922 | TotalAmt |
| Management And General | $6,922 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,542 | TotalAmt |
| Program Services | $63,887 | ProgramServicesAmt |
| Management And General | $6,479 | ManagementAndGeneralAmt |
| Fundraising | $1,176 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,789 | TotalAmt |
| Program Services | $18,323 | ProgramServicesAmt |
| Management And General | $6,466 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,607 | TotalAmt |
| Program Services | $108,209 | ProgramServicesAmt |
| Management And General | $15,016 | ManagementAndGeneralAmt |
| Fundraising | $6,382 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,806 | TotalAmt |
| Program Services | $108,350 | ProgramServicesAmt |
| Management And General | $26,075 | ManagementAndGeneralAmt |
| Fundraising | $6,381 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,242 | TotalAmt |
| Program Services | $1,342 | ProgramServicesAmt |
| Management And General | $14,900 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| ALUMNI EXPENSES | $315,914 | $315,914 | |
| CURRICULAR EXPENSES | $161,500 | $161,500 | |
| FUNDRAISING EXPENSES | $12,747 | $12,747 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,721,643 | TotalAmt |
| Program Services | $2,149,830 | ProgramServicesAmt |
| Management And General | $440,346 | ManagementAndGeneralAmt |
| Fundraising | $131,467 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,142,418 | BOYAmt |
| EOY | $731,920 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,070,703 | BOYAmt |
| EOY | $833,842 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,586,439 | BOYAmt |
| EOY | $1,483,619 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,602 | BOYAmt |
| EOY | $128,985 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,227 | BOYAmt |
| EOY | $29,502 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,734,999 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $227,028 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,985,470 | BOYAmt |
| EOY | $4,507,971 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,548,916 | BOYAmt |
| EOY | $8,546,439 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,410,775 | BOYAmt |
| EOY | $16,262,278 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $529,929 | BOYAmt |
| EOY | $110,372 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $35,000 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $530,131 | BOYAmt |
| EOY | $145,372 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,136,544 | BOYAmt |
| EOY | $14,441,707 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,744,100 | BOYAmt |
| EOY | $1,675,199 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,880,644 | BOYAmt |
| EOY | $16,116,906 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,410,775 | BOYAmt |
| EOY | $16,262,278 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,518,214 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$245,524 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,668,742 | BeginningYearBalanceAmt |
| Contributions | $1,399,829 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,263,834 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $290,000 | OtherExpendituresAmt |
| End Year Balance | $8,514,737 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,480,072 | BeginningYearBalanceAmt |
| Contributions | $963,849 | ContributionsAmt |
| Investment Earnings Or Losses | $1,459,946 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $235,125 | OtherExpendituresAmt |
| End Year Balance | $8,668,742 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,628,385 | BeginningYearBalanceAmt |
| Contributions | $883,216 | ContributionsAmt |
| Investment Earnings Or Losses | $140,402 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $171,931 | OtherExpendituresAmt |
| End Year Balance | $6,480,072 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,603,601 | BeginningYearBalanceAmt |
| Contributions | $942,407 | ContributionsAmt |
| Investment Earnings Or Losses | $233,891 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $151,514 | OtherExpendituresAmt |
| End Year Balance | $5,628,385 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,605,347 | BeginningYearBalanceAmt |
| Contributions | $755,250 | ContributionsAmt |
| Investment Earnings Or Losses | $243,004 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $4,603,601 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $671,125 | OtherCostOrOtherBasisAmt |
| Book Value | $671,125 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,603,988 | OtherCostOrOtherBasisAmt |
| Depreciation | $44,555 | DepreciationAmt |
| Book Value | $1,559,433 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $296,437 | OtherCostOrOtherBasisAmt |
| Depreciation | $122,377 | DepreciationAmt |
| Book Value | $174,060 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,163,449 | OtherCostOrOtherBasisAmt |
| Depreciation | $60,096 | DepreciationAmt |
| Book Value | $2,103,353 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,507,971 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $921,683 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$245,524 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $10,893 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$234,631 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,156,314 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $47,115 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $47,115 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,203,429 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,685,421 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $10,893 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $10,893 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,674,528 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $47,115 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $47,115 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,721,643 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2 - FIN 48 STATEMENT | FormAndLineReferenceDesc |
| Explanation | The Organization is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. Under U.S. GAAP, the Organization must identify, recognize, measure, and disclose in its financial statements the effects of any uncertain tax reporting positions that the Organization has taken or expects to take if it is possible that such positions would not be fully sustained upon review by the tax authorities. At June 30, 2022 and 2021, the Organization had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. There is no tax-related interest or tax penalties included in the financial statements. | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | As a member of the Association of Independent Schools in New England, we are included in the publication it sponsors in the Boston Globe. Our racially nondiscriminatory policy is included in the publication. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Spring Celebrat | Event1Nm |
| Gross Receipts Event1 | $709,148 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $656,353 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $52,795 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $40,018 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $12,777 | OtherDirectExpensesEvent1Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $709,148 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $656,353 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $52,795 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $40,018 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $12,777 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $52,795 | DirectExpenseSummaryEventsAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CYNTHIA LABA | PersonNm |
| Title | FMR HD OF SCHOOL (THRU 1/2021) | TitleTxt |
| Base Compensation Filing Org | $222,337 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $12,059 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $6,882 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $241,278 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part I, Line 1, Description of Organization Mission | Beacon Academy provides a transformational year between 8th & 9th grades to promising, motivated and hard-working students from Boston and surrounding urban areas. Inspired by a challenging curriculum and stimulating co-curricular experiences, students learn vital academic skills and develop habits of mind that empower them to change the trajectory of their lives. They emerge as active learners with increased confidence, critical thinking skills, and broader vision, prepared to thrive at competitive, independent and public exam high schools that share our commitment to their success. |
| Form 990, Part III, Line 1, Description of Organization Mission | BEACON ACADEMY IDENTIFIES, CONFRONTS AND BRIDGES THE ACHIEVEMENT GAP BETWEEN BOSTON'S LOW-INCOME URBAN STUDENTS AND THEIR MORE AFFLUENT PEERS. OUR MISSION IS TO CHANGE THE TRAJECTORY OF OUR STUDENTS' LIVES THROUGH ACCESS TO EXCELLENT EDUCATIONAL OPPORTUNITIES. WE PROVIDE AN EXTRA 14 MONTHS OF FULL-TIME SCHOOL FOR PROMISING AND MOTIVATED URBAN STUDENTS WHO HAVE COMPLETED THE 8TH GRADE, BUT WHO ARE UNDERPREPARED FOR CHALLENGING INDEPENDENT HIGH SCHOOLS. BEACON HAS THREE ESSENTIAL COMPONENTS: OUR 14 MONTH SCHOOL, OUR ALUMNI PROGRAM AND OUR STRATEGIC OUTREACH TO SHARE BEST PRACTICES IN EDUCATING URBAN YOUTH. BEACON ACADEMY IS THE ONLY SCHOOL OF ITS KIND IN THE COUNTRY. OUR STUDENTS ARRIVE AT BEACON ACADEMY DRAMATICALLY UNDEREDUCATED AND UNDERPREPARED. MANY HAVE NEVER WRITTEN FORMAL ESSAYS AND ARE MISSING KEY MATH SKILLS AND OTHER BASIC KNOWLEDGE. THIS LACK OF QUALITY PREPARATION PERPETUATES THE CYCLE OF POVERTY THAT CHARACTERIZES TOO MUCH OF URBAN BOSTON AND SURROUNDING AREAS. NORTHEASTERN UNIVERSITY'S REPORT, "GETTING TO THE FINISH LINE" STATES THAT ONLY 7.5% OF STUDENTS OF COLOR FROM NON-EXAM PUBLIC SCHOOLS WILL COMPLETE A TWO OR FOUR YEAR DEGREE WITHIN SEVEN YEARS OF ENTERING COLLEGE. FURTHER, THE FEW WHO DO MOVE ON TO HIGHER EDUCATION ARE NOT ADEQUATELY PREPARED AND ARE OFTEN PLACED IN REMEDIAL COLLEGE CLASSES. IN CONTRAST: 100% OF THE BEACON STUDENTS FROM OUR CLASSES HAVE GRADUATED FROM HIGH SCHOOL. 90% OF OUR HIGH SCHOOL GRADUATES ENROLLED IN COLLEGE. 80% OF BEACON'S FOUNDING CLASS IS SLATED TO GRADUATE FROM FOUR-YEAR COLLEGES WITHIN SIX YEARS OF STARTING. COLLECTIVELY, OUR STUDENTS HAVE EARNED MILLIONS OF DOLLARS IN HIGH SCHOOL AND COLLEGE SCHOLARSHIPS. BEACON MITIGATES THE CRISIS IN EDUCATION AMONG ECONOMICALLY DISADVANTAGED YOUTHS THROUGH OUR INTENSE ACADEMIC PROGRAM AND OUR CONTINUED INVESTMENT IN OUR GRADUATES. |
| Form 990, Part VI, Section A, Line 8B: | There are no other committees with authority to act on behalf of the governing body. |
| Form 990, Part VI, Section B, Line 11a: | Each member of the board of directors is provided with a copy of Form 990. Form 990 is reviewed by the head of school and the treasurer prior to filing. |
| Form 990, Part VI, Section B, Line 12C: | The Organization requires employees and board members to disclose actual or possible financial conflicts of interest when they arise. The Organization then takes the appropriate steps to resolve the conflict. |
| Form 990, Part VI, Section B, Line 15: | The head of school's compensation is determined after a review and evaluation by a subcommittee of the board of directors. Other employees are managed by the head of school and the board of directors approves final compensation of employees and officers. |
| Form 990, Part VI, Section C, Line 19: | The Organization makes its governing documents, conflict of interest policy and financial statements available upon request. The Organization also has its annual report and other information available via Guidestar.org |
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