BOSTON SCHOOLS FUND INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
BOSTON SCHOOLS FUND INC (EIN 47-3093274)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-11-10
IRS object ID
202123149349301722
Schema version
2020v4.1
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)
Return2021-11-10T08:35:39-06:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN473093274EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BOSTON SCHOOLS FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBOSTBusinessNameControlTxt
Phone6173905896PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET NO 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM AUSTINPersonNm
Person TitleFOUNDER & CHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6173905896PhoneNum
Signature2021-11-04SignatureDt
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)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS WASHBURN CPAPreparerPersonNm
PTINP00537319PTIN
Phone5083669100PhoneNum
Preparation2021-11-04PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIAM AUSTINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET SUITE 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,679,171GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BOSTONSCHOOLSFUND.ORGWebsiteAddressTxt
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 Body6VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee12TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,128,502PYContributionsGrantsAmt
CY Contributions Grants$2,678,210CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,885PYInvestmentIncomeAmt
CY Investment Income$961CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,130,387PYTotalRevenueAmt
CY Total Revenue$2,679,171CYTotalRevenueAmt
PY Grants And Similar Paid$1,434,449PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,060,988CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,334,836PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,256,674CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$127,696CYTotalFundraisingExpenseAmt
PY Other Expenses$698,277PYOtherExpensesAmt
CY Other Expenses$521,353CYOtherExpensesAmt
PY Total Expenses$3,467,562PYTotalExpensesAmt
CY Total Expenses$2,839,015CYTotalExpensesAmt
PY Revenues Less Expenses-$1,337,175PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$159,844CYRevenuesLessExpensesAmt
Total Assets BOY$3,409,938TotalAssetsBOYAmt
Total Assets EOY$3,248,336TotalAssetsEOYAmt
Total Liabilities BOY$184,056TotalLiabilitiesBOYAmt
Total Liabilities EOY$182,298TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,225,882NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,066,038NetAssetsOrFundBalancesEOYAmt
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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,203,102ExpenseAmt
Grant$632,462GrantAmt
DescSCHOOL INVESTMENT - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIAL SUPPORT OF HIGH-QUALITY, BOSTON-BASED SCHOOLS, THAT SERVE A HIGH PROPORTION OF ECONOMICALLY DISADVANTAGED STUDENTS, BLACK AND/OR LATINO STUDENTS, STUDENTS WITH DISABILITIES, OR ENGLISH LEARNERS, AS THEY PLAN FOR GROWTH AND EXECUTE EXPANSION OR REDESIGN PLANS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$580,479ExpenseAmt
DescDATA AND RESEARCH - INTENDED TO PERFORM RESEARCH, BUILD ORGANIZATIONAL DATA CAPACITY, AND MAINTAIN BOSTON SCHOOL FINDER WEB TOOL TO ASSIST FAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE SCHOOL THAT BEST MEETS THEIR NEEDS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$800,042ExpenseAmt
Grant$428,526GrantAmt
DescPOLICY AND ADVOCACY - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIAL SUPPORT TO COMMUNITY-BASED ORGANIZATIONS TO ADVANCE EDUCATION AS A PRIMARY ISSUE FOR BOSTON RESIDENTS AND SUPPORT POLICIES THAT WILL DRIVE GREATER 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$2,583,623TotalProgramServiceExpensesAmt
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 FootnoteYes (1)IncludeFIN48FootnoteInd
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 Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee12EmployeeCnt
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 Members6GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
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 PolicyYes (1)DocumentRetentionPolicyInd
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
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM AUSTIN CHIEF EXECUTIVE OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6173905896PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET NO 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 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)$194,608$0$23,841
KATHRYN EVERETT
CHAIR5.00Yes (X)Yes (X)$0$0$0
JEFF NAYLOR
DIRECTOR2.00Yes (X)$0$0$0
MICAH SAGEBIEL
DIRECTOR2.00Yes (X)$0$0$0
LISA JACKSON
DIRECTOR2.00Yes (X)$0$0$0
ANDREA WOLFE
DIRECTOR2.00Yes (X)$0$0$0
KERRY DONAHUE
CHIEF STRATEGY OFFICER40.00Yes (X)$171,860$0$8,554
RANA KANNAN
COO40.00Yes (X)$153,000$0$1,693
LATOYA GAYLE
ENTREPRENEUR-IN-RESIDENCE40.00$169,994$0$7,842Yes (X)
STEFANI FERLAN
DIR OF INVESTMENT40.00$120,500$0$23,841Yes (X)
NATALYA SUBBOTINA
DIR. OF OPERATIONS40.00$108,230$0$9,353Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$918,192TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$75,124TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$164,459GovernmentGrantsAmt
All Other Contributions$2,513,751AllOtherContributionsAmt
Total Contributions$2,678,210TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$961TotalRevenueColumnAmt
Exclusion$961ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,679,171TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$961ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,060,988TotalAmt
Program Services$1,060,988ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$571,305TotalAmt
Program Services$457,045ProgramServicesAmt
Management And General$57,130ManagementAndGeneralAmt
Fundraising$57,130FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$522,278TotalAmt
Program Services$486,544ProgramServicesAmt
Management And General$17,867ManagementAndGeneralAmt
Fundraising$17,867FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$116,399TotalAmt
Program Services$104,955ProgramServicesAmt
Management And General$5,722ManagementAndGeneralAmt
Fundraising$5,722FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$46,692TotalAmt
Program Services$41,054ProgramServicesAmt
Management And General$2,819ManagementAndGeneralAmt
Fundraising$2,819FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$694TotalAmt
Program Services$416ProgramServicesAmt
Management And General$139ManagementAndGeneralAmt
Fundraising$139FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,854TotalAmt
Program Services$23,312ProgramServicesAmt
Management And General$7,771ManagementAndGeneralAmt
Fundraising$7,771FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$357,255TotalAmt
Program Services$330,707ProgramServicesAmt
Management And General$13,274ManagementAndGeneralAmt
Fundraising$13,274FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,819TotalAmt
Program Services$4,691ProgramServicesAmt
Management And General$1,564ManagementAndGeneralAmt
Fundraising$1,564FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$27,389TotalAmt
Program Services$20,307ProgramServicesAmt
Management And General$3,541ManagementAndGeneralAmt
Fundraising$3,541FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,349TotalAmt
Program Services$3,209ProgramServicesAmt
Management And General$1,070ManagementAndGeneralAmt
Fundraising$1,070FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$64,875TotalAmt
Program Services$38,925ProgramServicesAmt
Management And General$12,975ManagementAndGeneralAmt
Fundraising$12,975FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,355TotalAmt
Program Services$7,413ProgramServicesAmt
Management And General$2,471ManagementAndGeneralAmt
Fundraising$2,471FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,299TotalAmt
Program Services$779ProgramServicesAmt
Management And General$260ManagementAndGeneralAmt
Fundraising$260FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,464TotalAmt
Program Services$3,278ProgramServicesAmt
Management And General$1,093ManagementAndGeneralAmt
Fundraising$1,093FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,839,015TotalAmt
Program Services$2,583,623ProgramServicesAmt
Management And General$127,696ManagementAndGeneralAmt
Fundraising$127,696FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$459,143BOYAmt
EOY$83,869EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,044,181BOYAmt
EOY$1,833,184EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$888,495BOYAmt
EOY$1,325,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$16,820BOYAmt
EOY$6,283EOYAmt
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$1,299BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,409,938BOYAmt
EOY$3,248,336EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$19,597BOYAmt
EOY$17,838EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$164,459BOYAmt
EOY$164,460EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$184,056BOYAmt
EOY$182,298EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,771,548BOYAmt
EOY$1,315,481EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,454,334BOYAmt
EOY$1,750,557EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,225,882BOYAmt
EOY$3,066,038EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,409,938BOYAmt
EOY$3,248,336EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$159,844ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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$4,623,918CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,327,750CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,753,207CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,128,502CurrentTaxYearMinus1YearAmt
Current Tax Year$2,678,210CurrentTaxYearAmt
Total$15,511,587TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,623,918CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,327,750CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,753,207CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,128,502CurrentTaxYearMinus1YearAmt
Current Tax Year$2,678,210CurrentTaxYearAmt
Total$15,511,587TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$8,628,870SubstantialContributorsTotAmt
Public Support Total170$6,882,717PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$796CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,179CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,917CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,885CurrentTaxYearMinus1YearAmt
Current Tax Year$961CurrentTaxYearAmt
Total$19,738TotalAmt
FieldValueIRS element (for citing)
Total Support$15,531,325TotalSupportAmt
Public Support CY1700.44320PublicSupportCY170Pct
Public Support PY1700.40670PublicSupportPY170Pct
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
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,679,171TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,679,171RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,679,171TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,839,015TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,839,015ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,839,015TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationBSF'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE JURISDICTIONS.BSF ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BSF HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2021. BSF'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE JURISDICTIONS.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (13 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
50CAN
50 KENNEDY PLAZA SUITE 1500PROVIDENCERI02903273069592501C3$428,248GRANT TO SCHOOLFACTS BOSTON
MISSION GRAMMAR SCHOOL
94 ST ALPHONSUS STREETBOSTONMA02120042106196501C3$50,000EXPANSION GRANT
FRIENDS OF THE PERRY
745 EAST 7TH STREETBOSTONMA02127823025265501C3$44,175SCHOOL IMPROVEMENT SUPPORT
BOSTON EDUCATIONAL DEVELOPMENT FUND
7 PALMER ST SUITE 2BOSTONMA02119222514422501C3$183,855SCHOOL GRANTS TO 4 SCHOOLS FOR PLANNING, IMPROVEMENT, AND EXPANSION
ACADEMY OF THE PACIFIC RIM FOUNDATION
1 WESTINGHOUSE PLAZAHYDE PARKMA02136043286025501C3$58,710SCHOOL IMPROVEMENT SUPPORT
CITY OF BOSTON - BOSTON PUBLIC SCHOOLS
2300 WASHINGTON STROXBURYMA02119046001138501C3$82,788PERRY SCHOOL IMPROVEMENT
ATTUNED EDUCATION PARTNERS
716 VALLEY ROADMONTCLAIRNJ07043830731667$39,000CATHERDAL GRANT SUPPORT
ATTUNED EDUCATION PARTNERS
716 VALLEY ROADMONTCLAIRNJ07043830731667$140,000SCHOOL RE-ENTRY SUPPORT FOR 11 SCHOOLS
BRASS TACKS INNOVATIONS
11907 PESIDIO PATHSAN ANTONIOTX78253851057111$60,000TECHNICAL SUPPORT FOR MEW MISSION AND EAST BOSTON HIGH GRANTS
EAST BOSTON SOCIAL CENTER INC
68 CENTRAL SQUAREEAST BOSTONMA02128042104257501C3$15,000REMOTE LEARNING SUPPORT FOR EAST BOSTON SCHOOLS
BOSTON COLLEGE TRUSTEES (LYNCH LEADERSHIP ACADEMY)
CONTROLLERS OFFICE MORE HALL ROOMCHESTNUT HILLMA02167042135045501C3$5,000COACHING FOR MENDELL SCHOOL280
LITTLE UPRISINGS
12 VERONA STREET APT 1RJAMAICA PLAINMA02130851414417$24,000MENDELL SCHOOL CURRICULUM DEVELOPMENT
FRIENDS OF JP MANNING SCHOOL
130 LOUDERS LANEBOSTONMA02130843879432-$70,066REFUND OF GRANT OVERPAYMENT.
FieldValueIRS element (for citing)
Total501c3 Org8Total501c3OrgCnt
Total Other Org4TotalOtherOrgCnt

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, FINANCIAL SUSTAINABILITY AND BSF'S CAPACITY TO SUPPORT THE POTENTIAL GRANTEE. BSF GATHERS THE INFORMATION NECESSARY TO CONDUCT THE AFOREMENTIONED ASSESSMENT THROUGH FAMILY AND 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 (4 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$194,608$0$0$0$0$0$0$0$23,841$0$218,449$0$0$0
KERRY DONAHUE
CHIEF STRATEGY OFFICER$171,860$0$0$0$0$0$0$0$8,554$0$180,414$0$0$0
LATOYA GAYLE
ENTREPRENEUR-IN-RESIDENCE$169,994$0$0$0$0$0$0$0$7,842$0$177,836$0$0$0
RANA KANNAN
COO$153,000$0$0$0$0$0$0$0$1,693$0$154,693$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 (7 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.
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.
FORM 990, PART VI, SECTION C, LINE 18BSF'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 VI, SECTION C, LINE 19BSF'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GPAYROLL SERVICES: PROGRAM SERVICE EXPENSES 1,265. MANAGEMENT AND GENERAL EXPENSES 422. FUNDRAISING EXPENSES 422. TOTAL EXPENSES 2,109. BOSTON SCHOOLS FINDER SUPPORT: PROGRAM SERVICE EXPENSES 235,986. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 235,986. POLICY SUPPORT: PROGRAM SERVICE EXPENSES 34,730. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,730. CONSULTING: PROGRAM SERVICE EXPENSES 58,726. MANAGEMENT AND GENERAL EXPENSES 12,852. FUNDRAISING EXPENSES 12,852. TOTAL EXPENSES 84,430.
FORM 990, PART XII, LINE 2C:THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED DURING TAX YEAR 2020.

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