BOSTON SCHOOLS FUND INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BOSTON SCHOOLS FUND INC (EIN 47-3093274)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-03-27
IRS object ID
202330869349301223
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

FieldValueIRS element (for citing)
Return2023-03-27T16:57:07-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14 BATTERYMARCH PARK SUITE 100AddressLine1Txt
CityQUINCYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02169ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN473093274EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BOSTON SCHOOLS FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBOSTBusinessNameControlTxt
Phone6173905896PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM AUSTINPersonNm
Person TitleFOUNDER & CHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6173905896PhoneNum
Signature2023-03-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWILLIAMPersonFirstNm
Person LastAUSTINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIELLE NIHILLPreparerPersonNm
PTINP01350943PTIN
Phone7819821001PhoneNum
Preparation2023-03-27PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIAM AUSTINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,444,206GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.BOSTONSCHOOLSFUND.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionBSF PROVIDES GRANTS AND TECHNICAL ASSISTANCE TO BOSTON SCHOOLS AND NON-PROFIT ORGANIZATIONS, ANALYZES AND SHARES BOSTON SCHOOL DATA AND INFORMATION OF THE PUBLIC, AND SUPPORTS PUBLIC POLICIES IN SUPPORT OF THIS MISSION AND VISION.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee11TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,678,210PYContributionsGrantsAmt
CY Contributions Grants$2,441,416CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$961PYInvestmentIncomeAmt
CY Investment Income$2,790CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,679,171PYTotalRevenueAmt
CY Total Revenue$2,444,206CYTotalRevenueAmt
PY Grants And Similar Paid$1,060,988PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$809,684CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,256,674PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,201,961CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$141,642CYTotalFundraisingExpenseAmt
PY Other Expenses$521,353PYOtherExpensesAmt
CY Other Expenses$640,785CYOtherExpensesAmt
PY Total Expenses$2,839,015PYTotalExpensesAmt
CY Total Expenses$2,652,430CYTotalExpensesAmt
PY Revenues Less Expenses-$159,844PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$208,224CYRevenuesLessExpensesAmt
Total Assets BOY$3,248,336TotalAssetsBOYAmt
Total Assets EOY$2,706,473TotalAssetsEOYAmt
Total Liabilities BOY$182,298TotalLiabilitiesBOYAmt
Total Liabilities EOY$48,659TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,066,038NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,657,814NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionBOSTON SCHOOLS FUND (BSF) IS A NON-PROFIT ORGANIZATION THAT ADVANCES EDUCATIONAL EQUITY THROUGH OPPORTUNITY AND ACCESS TO HIGH-QUALITY SCHOOLS. THE BSF TEAM WAKES UP EVERY DAY WITH ONE GOAL: INCREASE THE NUMBER OF CHILDREN IN BOSTON ATTENDING A HIGH-QUALITY SCHOOL. WE ACCOMPLISH THIS BY PROVIDING CAPACITY AND RESOURCES FOR HIGH-QUALITY SCHOOLS TO EXPAND AND IMPROVE; SHARING DATA AND INFORMATION; COLLABORATING WITH FAMILIES AND PARTNERS; INFLUENCING POLICY; AND COMMITTING TO VALUES OF DIVERSITY, EQUITY, INCLUSION, AND ANTI-RACISM IN OUR WORK. WE HAVE WORKED CLOSELY WITH CITY AND STATE LEADERS TO ENSURE THAT BOSTON ADVANCES POLICIES WHICH EXPAND ACCESS TO HIGH-QUALITY SCHOOLS FOR HISTORICALLY MARGINALIZED STUDENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$964,076ExpenseAmt
Grant$494,684GrantAmt
DescSCHOOL INVESTMENT - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT OF HIGH-QUALITY, BOSTON-BASED SCHOOLS, THAT SERVE A HIGHPROPORTION OF ECONOMICALLY DISADVANTAGED STUDENTS, BLACK AND/OR LATINOSTUDENTS, STUDENTS WITH DISABILITIES, OR ENGLISH LEARNERS, AS THEY PLANFOR GROWTH AND EXECUTE EXPANSION OR REDESIGN PLANS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$618,533ExpenseAmt
DescDATA AND RESEARCH - INTENDED TO PERFORM RESEARCH, BUILD ORGANIZATIONALDATA CAPACITY, AND MAINTAIN BOSTON SCHOOL FINDER WEB TOOL TO ASSISTFAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE SCHOOL THAT BESTMEETS THEIR NEEDS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$786,537ExpenseAmt
Grant$315,000GrantAmt
DescPOLICY AND ADVOCACY - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT TO COMMUNITY-BASED ORGANIZATIONS TO ADVANCE EDUCATION AS APRIMARY ISSUE FOR BOSTON RESIDENTS AND SUPPORT POLICIES THAT WILL DRIVEGREATER ACCESS FOR BOSTON'S FAMILIES TO HIGH-QUALITY SCHOOLS,ESPECIALLY THOSE WHO HAVE THE LEAST ACCESS TODAY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,369,146TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee11EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM AUSTIN CEOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6173905896PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET SUITE 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
WILLIAM AUSTIN
FOUNDER & CEO40.00Yes (X)Yes (X)$197,554$0$23,936
LISA JACKSON
CHAIR5.00Yes (X)Yes (X)$0$0$0
ANDREA WOLFE
SECRETARY2.00Yes (X)Yes (X)$0$0$0
STEPHEN CHAN
DIRECTOR2.00Yes (X)$0$0$0
TAMMY TAI
DIRECTOR2.00Yes (X)$0$0$0
RANA KANNAN
CHIEF OPERATING OFFICER40.00Yes (X)$176,000$0$23,936
KERRY DONAHUE
CHIEF STRATEGY OFFICER40.00Yes (X)$177,360$0$8,737
NATALYA SUBBOTINA
DIRECTOR OF OPERATIONS40.00$108,930$0$8,737Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$659,844TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$65,346TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$164,460GovernmentGrantsAmt
All Other Contributions$2,276,956AllOtherContributionsAmt
Total Contributions$2,441,416TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,790TotalRevenueColumnAmt
Exclusion$2,790ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,444,206TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,790ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$809,684TotalAmt
Program Services$809,684ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$626,070TotalAmt
Program Services$500,856ProgramServicesAmt
Management And General$62,607ManagementAndGeneralAmt
Fundraising$62,607FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$442,615TotalAmt
Program Services$421,851ProgramServicesAmt
Management And General$10,382ManagementAndGeneralAmt
Fundraising$10,382FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$60,278TotalAmt
Program Services$55,564ProgramServicesAmt
Management And General$2,357ManagementAndGeneralAmt
Fundraising$2,357FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$72,998TotalAmt
Program Services$63,630ProgramServicesAmt
Management And General$4,684ManagementAndGeneralAmt
Fundraising$4,684FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$419TotalAmt
Program Services$251ProgramServicesAmt
Management And General$84ManagementAndGeneralAmt
Fundraising$84FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$40,364TotalAmt
Program Services$24,218ProgramServicesAmt
Management And General$8,073ManagementAndGeneralAmt
Fundraising$8,073FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$435,141TotalAmt
Program Services$383,187ProgramServicesAmt
Management And General$25,977ManagementAndGeneralAmt
Fundraising$25,977FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,285TotalAmt
Program Services$9,171ProgramServicesAmt
Management And General$3,057ManagementAndGeneralAmt
Fundraising$3,057FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$33,464TotalAmt
Program Services$31,066ProgramServicesAmt
Management And General$1,199ManagementAndGeneralAmt
Fundraising$1,199FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,821TotalAmt
Program Services$4,693ProgramServicesAmt
Management And General$1,564ManagementAndGeneralAmt
Fundraising$1,564FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$60,121TotalAmt
Program Services$36,073ProgramServicesAmt
Management And General$12,024ManagementAndGeneralAmt
Fundraising$12,024FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,591TotalAmt
Program Services$5,155ProgramServicesAmt
Management And General$1,718ManagementAndGeneralAmt
Fundraising$1,718FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$33,975TotalAmt
Program Services$20,385ProgramServicesAmt
Management And General$6,795ManagementAndGeneralAmt
Fundraising$6,795FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,604TotalAmt
Program Services$3,362ProgramServicesAmt
Management And General$1,121ManagementAndGeneralAmt
Fundraising$1,121FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,652,430TotalAmt
Program Services$2,369,146ProgramServicesAmt
Management And General$141,642ManagementAndGeneralAmt
Fundraising$141,642FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$83,869BOYAmt
EOY$319,404EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,833,184BOYAmt
EOY$992,462EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,325,000BOYAmt
EOY$1,294,784EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,283BOYAmt
EOY$99,823EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,773LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,773LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,248,336BOYAmt
EOY$2,706,473EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$17,838BOYAmt
EOY$28,409EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$20,250EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$164,460BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$182,298BOYAmt
EOY$48,659EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,315,481BOYAmt
EOY$938,030EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,750,557BOYAmt
EOY$1,719,784EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,066,038BOYAmt
EOY$2,657,814EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,248,336BOYAmt
EOY$2,706,473EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$208,224ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$200,000PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,327,750CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,753,207CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,128,502CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,678,210CurrentTaxYearMinus1YearAmt
Current Tax Year$2,441,411CurrentTaxYearAmt
Total$13,329,080TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,327,750CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,753,207CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,128,502CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,678,210CurrentTaxYearMinus1YearAmt
Current Tax Year$2,441,411CurrentTaxYearAmt
Total$13,329,080TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$147,741SubstantialContributorsTotAmt
Public Support Total170$13,181,339PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,179CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,917CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,885CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$961CurrentTaxYearMinus1YearAmt
Current Tax Year$2,790CurrentTaxYearAmt
Total$21,732TotalAmt
FieldValueIRS element (for citing)
Total Support$13,350,812TotalSupportAmt
Public Support CY1700.98730PublicSupportCY170Pct
Public Support PY1700.44320PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,773OtherCostOrOtherBasisAmt
Depreciation$6,773DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$2,444,206TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,444,206RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,444,206TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,652,430TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,652,430ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,652,430TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescPurpose Of GrantPurposeOfGrantTxt
BOSTON EDUCATIONAL DEVELOPMENT FUND
7 PALMER ST SUITE 2BOSTONMA02119222514422501C3$335,090$0FMVSCHOOL GRANTS TO 4 SCHOOLS FOR PLANNING, IMPROVEMENT, AND EXPANSION
50CAN
50 KENNEDY PLAZA SUITE 1500PROVIDENCERI02903273069592501C3$300,000$0FMVGRANT TO SCHOOLFACTS BOSTON
UNION CAPITAL BOSTON
1542 COLUMBUS AVEROXBURYMA02119471136081501C3$15,000$0FMVTO SUPPORT THE FAMILY ENGAGEMENT PARTNERSHIP PROGRAM PILOT AT 3 BSF PORTFOLIO SCHOOLS
ELANA FEINBERG EDUCATIONAL CONSULTING
12 ALEXANDER AVEMEDFORDMA02155465282977$14,000$0FMVTO SUPPORT THE ORGANIZATION'S MISSION
THE PREPARATORY FOUNDATION INC
885 RIVER STREETHYDE PARKMA02136113690799501C3$10,000$0FMVTO IMPLEMENT THE VALOR COLLEGIATE ACADEMIES COMPASS SOCIAL EMOTIONAL LEARNING CURRICULUM AND CIRCLE PRACTICE WITH ALL STUDENTS
SAINT COLUMBKILLE PARTNERSHIP SCHOOL
25 ARLINGTON STREETBRIGHTONMA02135205509269$10,000$0FMVTO DEVELOP NEW CURRICULAR RESOURCES, INCLUDING DEVELOPMENT OF A PACING GUIDE FOR THE NEW ELA CURRICULUM (CORE KNOWLEDGE LANGUAGE ARTS); CODIFICATION OF THE MUSIC CURRICULUM; DEVELOPMENT OF A NEW TECHNOLOGY COURSE, CREATION OF A CURRICULAR RESOURCE GUIDE; AND DEVELOPMENT OF PLANS FOR REINCORPORATING EXTRACURRICULAR PROGRAMMING WITH COVID PROTOCOLS
FRIENDS OF THE PERRY
745 EAST 7TH STREETBOSTONMA02127823025265501C3$9,516$0FMVSCHOOL IMPROVEMENT SUPPORT
MISSION GRAMMAR SCHOOL
94 ST ALPHONSUS STREETBOSTONMA02120042106196501C3$5,328$0FMVEXPANSION GRANT
ATTUNED EDUCATION PARTNERS
716 VALLEY ROADMONTCLAIRNJ07043830731667$63,750$0FMVLEARNING ACCELERATION SUPPORT
ATTUNED EDUCATION PARTNERS
716 VALLEY ROADMONTCLAIRNJ07043830731667$44,500$0FMVCATHEDRAL GRANT SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt
Total Other Org3TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationBSF'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INCLUDE REQUIRING GRANTEES TO SUBMIT REPORTS TO BSF OUTLINING VARIOUS PIECES OF INFORMATION INCLUDING HOW GRANT FUNDS WERE USED, THE GRANTEE'S PROGRESS TOWARDS REACHING THE GRANT'S GOALS, AND ACHIEVEMENTS THE GRANTEE HAS ATTAINED DUE TO THE GRANT INVESTMENT MADE BY BSF. BSF MAINTAINS RECORDS TO SUBSTANTIATE THE SELECTION CRITERIA, AMOUNT OF PROCEEDS AND GRANTEES' ELIGIBILITY FOR THE GRANT INVESTMENTS MADE BY BSF. THESE RECORDS OUTLINE BSF'S DUE DILIGENCE PROCESS WHICH IS CONDUCTED WHEN EXPLORING POTENTIAL GRANTEES. BSF'S DUE DILIGENCE PROCESS INCLUDES AN ASSESSMENT AROUND THE POTENTIAL GRANTEE'S ROLE IN SERVING A KEY NEED FOR BOSTON'S FAMILIES, POTENTIAL TO ACHIEVE STRONG RESULTS, ABILITY TO GROW EFFECTIVELY AND BSF'S CAPACITY TO SUPPORT THE POTENTIAL GRANTEE. BSF GATHERS THE INFORMATION NECESSARY TO CONDUCT THE AFOREMENTIONED ASSESSMENT THROUGH STAFF INTERVIEWS, SCHOOL VISITS, AND DATA REVIEW.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
WILLIAM AUSTIN
FOUNDER & CEO$197,554$0$0$0$0$0$0$0$23,936$0$221,490$0$0$0
RANA KANNAN
CHIEF OPERATING OFFICER$176,000$0$0$0$0$0$0$0$23,936$0$199,936$0$0$0
KERRY DONAHUE
CHIEF STRATEGY OFFICER$177,360$0$0$0$0$0$0$0$8,737$0$186,097$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE COMPENSATION FOR BSF'S FOUNDER AND CHIEF EXECUTIVE OFFICER, AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE REVIEW PROCESS CONDUCTED BY THE BOARD OF DIRECTORS IS BASED ON AN ANALYSIS OF COMPARABLE MARKET DATA WHICH CONSIDERS, AMONG OTHER CRITERIA, THE ROLES AND RESPONSIBILITIES OF THE POSITIONS BEING ASSESSED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE THE BOARD OF DIRECTORS HAS COMPLETED ITS REVIEW AND ULTIMATELY HAS APPROVED THE FORM 990, THE RETURN IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CON AN ANNUAL BASIS, THE MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM, WHEREBY ANY CONFLICTS ARE REQUIRED TO BE DISCLOSED. THIS PROCESS IS OVERSEEN BY THE PRESIDENT OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION FOR BSF'S FOUNDER AND CHIEF EXECUTIVE OFFICER, AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE REVIEW PROCESS CONDUCTED BY THE BOARD OF DIRECTORS IS BASED ON AN ANALYSIS OF COMPARABLE MARKET DATA WHICH CONSIDERS, AMONG OTHER CRITERIA, THE ROLES AND RESPONSIBILITIES OF THE POSITIONS BEING ASSESSED. THIS PROCESS IS CONDUCTED ON AN ANNUAL BASIS.
FORM 990, PART VI, SECTION C, LINE 19BSF'S FORM 1023 IS AVAILABLE UPON REQUEST. BSF'S FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG, AS WELL AS UPON REQUEST.
FORM 990, PART IX, LINE 11GPAYROLL SERVICES: PROGRAM SERVICE EXPENSES 1,515. MANAGEMENT AND GENERAL EXPENSES 505. FUNDRAISING EXPENSES 505. TOTAL EXPENSES 2,525. BOSTON SCHOOLS FINDER SUPPORT: PROGRAM SERVICE EXPENSES 230,005. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 230,005. POLICY SUPPORT: PROGRAM SERVICE EXPENSES 75,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,250. CONSULTING: PROGRAM SERVICE EXPENSES 76,417. MANAGEMENT AND GENERAL EXPENSES 25,472. FUNDRAISING EXPENSES 25,472. TOTAL EXPENSES 127,361.

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