2022-05-16T14:29:09-05:00 2021-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-07-01 113690799 PREPARATORY FOUNDATION INC PREP 6173336688 885 RIVER STREET HYDE PARK MA 02136 BILL CLARK PRESIDENT 6173336688 2022-05-12 1 BILL CLARK XXX-XX-XXXX MATTHEW MCGINNIS CPA P01585083 5083669100 2022-05-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BILL CLARK 885 RIVER STREET HYDE PARK MA 02136 3595324 0 X WWW.BOSTONPREP.ORG X 2003 MA TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA. 11 11 0 11 0 0 1585869 1928061 0 0 0 0 1484811 1667263 3070680 3595324 1716678 1377611 0 0 0 0 0 0 0 2556310 2496761 4272988 3874372 -1202308 -279048 40714953 39866079 32070761 30435928 8644192 9430151 TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPATORY OPPORTUNITIES IN THE BOSTON AREA 0 0 3874372 1377611 1667263 TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA. 3874372 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 1 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 1928061 1928061 1667263 0 1667263 1667263 1667263 3595324 1667263 0 0 1377611 1377611 1100714 1100714 1379114 1379114 MISCELLANEOUS 8791 8791 DEVELOPMENTAL EXPENSE 8142 8142 3874372 3874372 0 0 632181 2207475 3809305 2946235 940000 815000 38229114 5040755 34567473 33188359 765994 709010 40714953 39866079 46877 43601 28122399 27555849 1000000 1000000 2901485 1836478 32070761 30435928 X 5441330 6359387 3202862 3070764 8644192 9430151 40714953 39866079 X -279048 1065007 X X 0 1 X 1 1 1 X 3481098 3962721 2296120 1585869 1928061 13253869 3481098 3962721 2296120 1585869 1928061 13253869 3846420 9407449 745344 1069619 1454686 1667263 4936912 18190781 0.51720 0.56610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3060004 3060004 30491758 2716458 27775300 3860232 2002698 1857534 817120 321599 495521 33188359 ACCUMULATED UNREALIZED LOSS ON INTEREST RATE - SWAP CONTRACT 1836478 1836478 1 BOSTON PREPARATORY CHARTER PUBLIC SCHOOL 885 RIVER STREET HYDE PARK MA 02136 331053424 N/A 1377611 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 1133849 17500000 403965 7100 17045935 43000 2017 0 0 0 1 B 810302 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 TWO INTEREST RATE SWAP AGREEMENTS. BOTH CONTRACTS HAVE A NOTIONAL AMOUNT OF $8,000,000. THE TERMS OF THE CONTRACTS ARE FOR 8.2 AND 30.8 YEARS, RESPECTIVELY. 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 1,065,007. 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.