2020-06-23T12:55:57-05:00 2019-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2018-07-01 113690799 PREPARATORY FOUNDATION INC PREP 6173336688 1286 HYDE PARK AVENUE HYDE PARK MA 02136 JOHN GRANDIN PRESIDENT 6173336688 2020-05-14 1 SORIE M KABA CPA P01317106 5083669100 2020-05-12 40.70.31.102 2020-05-14 15:28:15 ED P E5E10DB362A14A01DB0DA430DA7AA5B243C0C50A 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 2018 2020-09-23 17:36:50Z JOHN GRANDIN 885 RIVER STREET HYDE PARK MA 02136 3415239 0 X WWW.BOSTONPREP.ORG X 2003 MA TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA. 10 10 0 48 0 0 3962721 2296120 0 0 0 0 740014 1064999 4702735 3361119 665240 1297532 0 0 0 0 0 0 0 1738307 2568062 2403547 3865594 2299188 -504475 39560722 42493207 26503173 31252129 13057549 11241078 TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPATORY OPPORTUNITIES IN THE BOSTON AREA 0 0 3865594 1297532 1069619 TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA. 3865594 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 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 10 10 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X TYLER MARTIN 6173336688 885 RIVER STREET HYDE PARK MA 02136 X BRUCE BUXTON DIRECTOR 1.00 X 0 0 0 CAROLYN OSTEEN DIRECTOR 1.00 X 0 0 0 SCOTT MCCUE TREASURER 1.00 X X 0 0 0 CAROL TAYLOR CLERK 1.00 X X 0 0 0 JOHN GRANDIN PRESIDENT 1.00 X 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 BILL CLARK DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 2 364083 1932037 2296120 1069619 0 1069619 1069619 1069619 49500 364083 54120 -4620 -4620 3361119 1069619 0 -4620 1297532 1297532 1088310 1088310 1373968 1373968 3208 3208 MISCELLANEOUS 74300 74300 DEVELOPMENTAL EXPENSE 28276 28276 3865594 3865594 0 0 3453356 2773752 469079 2430278 1298905 1348500 38015724 2242971 22771470 35772753 11567912 167924 39560722 42493207 3683341 271756 21656957 29473466 1000000 162875 1506907 26503173 31252129 X 10143215 7749031 2914334 3492047 13057549 11241078 39560722 42493207 X -504475 -1344032 32036 X X 0 1 X 1 0 X 6060685 1157510 3481098 3962721 2296120 16958134 6060685 1157510 3481098 3962721 2296120 16958134 6272828 10685306 1801 4895 745344 1069619 1821659 18779793 0.56900 0.54690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3060004 3060004 30278368 1192851 29085517 3860232 898547 2961685 817120 151573 665547 35772753 ACCUMULATED UNREALIZED LOSS ON INTEREST RATE - SWAP CONTRACT 1506907 1506907 ANNUAL EVENT 413583 364083 49500 49500 4620 413583 364083 49500 49500 4620 54120 -4620 1 BOSTON PREPARATORY CHARTER PUBLIC SCHOOL 885 RIVER STREET HYDE PARK MA 02136 331053424 N/A 1297532 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 445246 17500000 7100 17212676 43000 237224 2017 0 0 0 1 B 581288 12000000 13100 11375062 30550 581288 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 2 CAROLYN OSTEEN (DIRECTOR) IS THE AUNT OF SCOTT MCCUE (DIRECTOR) 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: NET ASSET TRANSFER 32,036. 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.