2023-05-12T11:35:20-05:00 2022-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-07-01 113690799 PREPARATORY FOUNDATION INC PREP 6173336688 1286 HYDE PARK AVENUE HYDE PARK MA 02136 BILL CLARK PRESIDENT 6173336688 2023-05-11 1 BILL CLARK XXX-XX-XXXX MATTHEW MCGINNIS CPA P01585083 5083669100 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BILL CLARK 885 RIVER STREET HYDE PARK MA 02136 4386589 0 X WWW.BOSTONPREP.ORG X 2003 MA TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA. 11 11 0 20 0 0 1928061 2143537 0 0 0 0 1667263 2243052 3595324 4386589 1377611 1293698 0 0 0 0 0 0 0 2496761 2511542 3874372 3805240 -279048 581349 39866079 65188971 30435928 54183127 9430151 11005844 TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA 0 0 3805240 1293698 2243052 TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA. 3805240 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X TYLER MARTIN 6173336688 885 RIVER STREET HYDE PARK MA 02136 X BILL CLARK PRESIDENT 1.00 X X 0 0 0 CAROL TAYLOR CLERK 1.00 X X 0 0 0 SCOTT MCCUE DIRECTOR 1.00 X 0 0 0 JOHN GRANDIN DIRECTOR 1.00 X 0 0 0 PRESTON MCSWAIN DIRECTOR 1.00 X 0 0 0 CHARLOTTE JOHNSON DIRECTOR 1.00 X 0 0 0 TAMAR DOR-NER DIRECTOR 1.00 X 0 0 0 JEREMY BENEDICT DIRECTOR 1.00 X 0 0 0 TOM SORBO DIRECTOR 1.00 X 0 0 0 BRUCE BUXTON DIRECTOR 1.00 X 0 0 0 CAROLYN OSTEEN DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2143537 2143537 2243052 0 2243052 2243052 2243052 4386589 2243052 0 0 1293698 1293698 3246 3246 1170551 1170551 1337245 1337245 DEVELOPMENTAL EXPENSE 500 500 3805240 3805240 0 0 2207475 2076948 2946235 2695169 815000 810000 38229114 6378000 33188359 31851114 709010 27755740 39866079 65188971 43601 66865 27224954 27555849 26891308 1000000 0 1836478 30435928 54183127 X 6359387 7902226 3070764 3103618 9430151 11005844 39866079 65188971 X 581349 994344 X X 0 1 X 1 1 1 X 3962721 2296120 1585869 1928061 2143537 11916308 3962721 2296120 1585869 1928061 2143537 11916308 1899875 10016433 745344 1069619 1454686 1667263 2243052 7179964 19096272 0.52450 0.51720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3060004 3060004 30491758 3478746 27013012 3860232 2142159 1718073 817120 757095 60025 31851114 DUE FROM RELATED PARTY 968291 LEASE RECEIVABLE 26629583 ACCUMULATED UNREALIZED GAIN ON INTEREST RATE - SWAP CONTRACT 157866 27755740 1 BOSTON PREPARATORY CHARTER PUBLIC SCHOOL 885 RIVER STREET HYDE PARK MA 02136 331053424 N/A 1293698 0 CASH N/A TO ENHANCE THE EDUCATIONAL PROGRAM OF BOSTON PREPARATORY CHARTER PUBLIC SCHOOL AND FOR CAPITAL IMPROVEMENTS. 1 PART I, LINE 2: THE BOARD OF DIRECTORS APPROVES GRANT AWARDS TO BOSTON PREPARATORY CHARTER PUBLIC SCHOOL. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2015-10-30 17500000 CONSTRUCT AND EQUIP FACILITY 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2017-09-29 12000000 CONSTRUCT AND EQUIP FACILITY 0 0 0 A 1484869 17500000 403965 7100 17045935 43000 2017 0 0 0 1 B 1123823 12000000 13100 11956350 30550 2018 0 0 0 1 A 0 0 0 0 1 1 CITIZENS BANK NATIONAL 8.200000000000 0 0 0 0 1 B 0 0 0 0 1 1 CITIZENS BANK NATIONAL 8.900000000000 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART IV, LINE 3C (ISSUE A): TO HEDGE AGAINST POTENTIAL INTEREST RATE EXPOSURE UNDER THE FLOATING RATE, THE FOUNDATION ENTERED INTO FOUR INTEREST RATE SWAP AGREEMENTS. THREE CONTRACTS HAVE A NOTIONAL AMOUNT OF $8,000,000 AND ONE HAS A NOTIONAL AMOUNT OF $3,000,000. THE TERMS OF THE CONTRACTS AT A NOTIONAL AMOUNT OF $8,000,000 ARE FOR 8.2, 30.8 AND 26.9YEARS, RESPECTIVELY.THE TERM OF THE CONTRACT AT A NOTIONAL AMOUNT OF $3,000,000 IS FOR 8.9 YEARS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ELECT NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS REVIEW THE FEDERAL FORM 990 WHICH IS THEN CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C STAFF AND BOARD MEMBERS ANNUALLY REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND COMBINED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE AUDITED COMBINED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON WWW.GUIDESTAR.ORG FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP CONTRACT 1,994,344. FORGIVENESS OF INTERCOMPANY DEBT -1,000,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S COMBINED FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT. THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.