2025-05-06T07:37:12-05:00 2024-06-30 020664148 BA INC 300 LEDGEWOOD PLACE ROCKLAND MA 02370 990 2023-07-01 043454898 BOSTON ARTS ACADEMY FOUNDATION INC BOST 6173152787 126 BROOKLINE AVENUE 3RD FLOOR BOSTON MA 02215 DENELLA CLARK PRESIDENT & CEO 6176503434 2025-05-05 1 1 JOHN BURKE CPA P00622871 7817418887 2025-05-05 2023 2025-03-06 01:10:19Z DENELLA CLARK 126 BROOKLINE AVENUE 3RD FLOOR BOSTON MA 02215 4339929 0 X BOSTONARTSACADEMY.ORG/FOUNDATION X 1999 MA TO RAISE PRIVATE FUNDS IN SUPPORT OF OUR CITY'S ONLY PUBLIC HIGH SCHOOL FOR THE ARTS. 21 21 17 25 0 0 2996994 1657982 0 0 273836 305560 1742004 933330 5012834 2896872 503244 318461 0 0 2335842 1996475 0 0 779582 2057713 1564401 4896799 3879337 116035 -982465 12378587 11631309 1418345 1362454 10960242 10268855 THE BOSTON ARTS ACADEMY FOUNDATION RAISES FUNDS IN SUPPORT OF BOSTONARTS ACADEMY. WITHOUT THIS SUPPORT OUR YOUNG PEOPLE, LIVING IN ONE OFTHE CULTURAL CAPITALS OF THE WORLD, WOULD HAVE NO PUBLIC HIGH SCHOOLFOR THE ARTS. 0 0 163365 130000 CAREER TRAINING & EDUCATION (CTE) PROGRAM: MULTIMEDIA & ENTERTAINMENT PRODUCTION(MEP) PROVIDES CAREER PATHWAYS FOR STUDENTS IN THE DESIGN AND TECHNICAL FIELDS OF VISUAL ANDPERFORMING ARTS VIA A FOUR-YEAR MULTI-DISCIPLINARY CURRICULUM INTEGRATING LIGHTING, FILM, VIDEOPRODUCTION, SET DESIGN, VIRTUAL PLATFORMS, MARKETING AND BRANDING, AND STAGE MANAGEMENT. 208600 85000 COLLEGE SUCCESS: COLLEGE PREP SUPPORTS, COLLEGE VISITS AND STUDENT SCHOLARSHIPS 183770 35950 TEACHING ARTISTS: SUPPLEMENTAL LEARNING EXPERIENCES LED BY THEATER, VISUAL ARTS, DANCE, AND TECHTEACHING ARTISTS 2043277 67511 2043277 67511 2599012 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 52 0 17 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X WHITNEY GRIFFIN 8574089204 126 BROOKLINE AVENUE 3RD FLOOR BOSTON MA 02215 JEFF ROSICA BOARD CHAIR 4.00 1.00 X X 0 0 0 GABRIELA SALAS SECRETARY & BOARD MEMBE 4.00 1.00 X X 0 0 0 DAVID FELTON TREASURER 4.00 1.00 X X 0 0 0 MAGGIE BAXTER BOARD MEMBER 4.00 1.00 X 0 0 0 ANTOINE MELAY JR BOARD MEMBER 4.00 1.00 X 0 0 0 HECTOR PINA VICE CHAIR & BOARD MEMBER 4.00 1.00 X 0 0 0 JOSEPH P HANLEY ESQ BOARD MEMBER 4.00 1.00 X 0 0 0 MALIK YOBA BOARD MEMBER 4.00 1.00 X 0 0 0 MARINA CAPPI BOARD MEMBER 4.00 1.00 X 0 0 0 ALEXANDER ZAPATA BOARD MEMBER 4.00 1.00 X 0 0 0 DAN SCHUTT BOARD MEMBER 4.00 1.00 X 0 0 0 HILINA AJAKAIYE BOARD MEMBER 4.00 1.00 X 0 0 0 JOHN DOZIER BOARD MEMBER 4.00 1.00 X 0 0 0 MARK LEV BOARD MEMBER 4.00 1.00 X 0 0 0 PAMELA DA REEVE BOARD MEMBER 4.00 1.00 X 0 0 0 PETRINA MARTIN CHERRY BOARD MEMBER 4.00 1.00 X 0 0 0 RAYNYA SIMMONS BOARD MEMBER 4.00 1.00 X 0 0 0 STEPHANIE BROWN BOARD MEMBER 4.00 1.00 X 0 0 0 TIMOTHY PAPPAS BOARD MEMBER 4.00 1.00 X 0 0 0 DENISE HAYES BOARD MEMBER 4.00 1.00 X 0 0 0 DENELLA CLARK PRESIDENT & CEO 40.00 1.00 X 351240 0 29610 351240 0 29610 1 0 1 0 REGAN COMMUNICATIONS GROUP 106 UNION WHARF BOSTON MA 02109 176590 1 1657982 1657982 205471 205471 1268220 1168131 100089 100089 100089 1208256 274926 933330 933330 2896872 305560 0 933330 106515 106515 211946 211946 380849 190425 95212 95212 1393059 1082016 97800 213243 56175 33087 9426 13662 81024 47720 13602 19702 85368 50302 13226 21840 316271 113456 69225 133590 617771 546962 29885 40924 77728 13318 19618 44792 50291 29741 9025 11525 9901 9901 SPACE RENTAL 265515 73394 95534 96587 FUNDRAISING EVENT 70108 35054 35054 DUE AND SUBSCRIPTION 52661 512 16688 35461 COMPUTER AND TECHNOLOGY 50352 14308 20263 15781 53803 50256 1338 2209 3879337 2599012 500743 779582 2785786 1963297 4240610 4081454 106256 200675 823006 664149 129147 158857 4945392 5137594 171396 89432 12378587 11631309 1246949 1273022 171396 89432 1418345 1362454 X 3666076 3451663 7294166 6817192 10960242 10268855 12378587 11631309 -982465 312721 -21643 0 X X 0 1 X 1 0 X 5028278 3053989 3296602 4738998 2590250 18708117 5028278 3053989 3296602 4738998 2590250 18708117 18708117 86360 81228 100124 145132 205471 618315 19326432 0.96800 0.97710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 4945392 862583 532156 1202537 5137594 3741644 1010000 385748 192000 4945392 4299438 18000 -400794 175000 3741644 3613914 11349 826175 152000 4299438 3517858 106550 126506 137000 3613914 0 0 823006 664149 158857 158857 LEASE OBLIGATION - OPERATING LEASE 89432 89432 3412620 312721 224670 537391 2875229 21643 21643 2896872 4104007 224670 224670 3879337 0 3879337 PART IV, LINE 2B: EXPLANATION: THE AMOUNT HELD IS STUDENT FUNDS FOR STUDENT FIELD TRIPS AND RELATED STUDENT ACTIVITIES. PART V, LINE 4: EXPLANATION: THE ENDOWMENT FUNDS ARE USED BY THE ORGANIZATION IN FURTHERANCE OF ITS EXEMPT MISSION. PART X, LINE 2: EXPLANATION: THE FOUNDATION IS A NONPROFIT 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 RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS ASC 740-INCOME TAXES GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. X X X X X X 0 ANNUAL GALA 1208256 1208256 152636 45000 77290 1208256 1208256 152636 45000 77290 274926 933330 1 STIPENDS 5 9538 SCHOLARSHIPS 32 177408 GRADUATION AWARDS 100 25000 X 0 0 0 0 0 0 0 0 0 DENELLA CLARK PRESIDENT & CEO 256241 0 94999 0 0 0 29610 0 0 0 380850 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE FOUNDATION ENGAGES IN OPEN COMMUNICATIONS AND CONVERSATIONS DURING THE BOARD MEETINGS AS WELL AS EMAIL CORRESPONDENCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT AND FINANCE COMMITTEE TO OVERSEE THE AUDIT. NO CHANGE IN PROCESS FROM PRIOR YEARS. BOSTON ARTS ACADEMY 11 CHARLES ST DORCHESTER MA 02122 BOSTON PUBLIC SCHOOL MA 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 BOSTON ARTS ACADEMY B 1494889 FAIR MARKET VALUE BOSTON PUBLIC SCHOOL B 1089671 FAIR MARKET VALUE SCHEDULE R PART V LINE 1B, 1R RELATED PARTIES INCLUDE THE BOSTON ARTS ACADEMY ("BAA") AND BOSTON PUBLIC SCHOOLS ("BPS"). DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION REIMBURSED $562,467 TO BPS FOR FACULTIES' COST. DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION ALSO REIMBURSED $527,204 TO BPS FOR OTHER SCHOOL EXPENSES. DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION GRANTED TO BOSTON ARTS ACADEMY $1,494,889 TO SUPPORT ARTS TEACHER SALARIES AND OTHER ARTS PROGRAMMING OPERATING EXPENSES.