2020-11-13T12:49:04-06:00 2020-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2019-07-01 473093274 BOSTON SCHOOLS FUND INC BOST 6173905896 53 STATE STREET NO 500 BOSTON MA 02109 WILLIAM AUSTIN FOUNDER & CHIEF EXECUTIVE OFFICER 6173905896 2020-11-12 1 THOMAS WASHBURN CPA P00537319 5083669100 2020-11-12 40.70.31.102 2020-11-12 17:31:43 ES P 1166F2FD08ABF73FAA4779C448B3D4829B6A5C9C 87AE54C884FF003181B05E7BF84F4C93A3EEF9A3 2019 2021-01-29 14:40:06Z X WILLIAM AUSTIN 53 STATE STREET SUITE 500 BOSTON MA 02109 2130387 0 X WWW.BOSTONSCHOOLSFUND.ORG X 2015 MA BOSTON SCHOOLS FUND INC. (BSF) IS BUILT ON THE BELIEF THAT EVERY CHILD IN BOSTON DESERVES A SEAT IN A SCHOOL THAT IS RIGHT FOR THEM. BSF PROVIDES FINANCIAL AND ADMINISTRATIVE SUPPORT DIRECTLY TO HIGH-PERFORMING SCHOOLS OF ALL TYPES TO HELP THESE SCHOOLS GROW AND SERVE MORE STUDENTS. BSF'S WORK WILL INCREASE THE NUMBER OF SEATS IN BOSTON'S HIGH-PERFORMING DISTRICT, CHARTER, AND CATHOLIC SCHOOLS BY ONE-THIRD OVER THE NEXT FIVE YEARS. THIS WILL PUT BOSTON ON TRACK TO OFFER A SEAT IN A HIGH-PERFORMING SCHOOL TO THE MAJORITY OF ITS CHILDREN BY 2025. 6 5 12 5 0 0 3753207 2128502 0 0 11917 1885 0 0 3765124 2130387 1408583 1434449 0 0 930513 1334836 0 0 189213 798154 698277 3137250 3467562 627874 -1337175 4572898 3409938 9841 184056 4563057 3225882 BSF SUPPORTS AND FUNDS THE GROWTH OF HIGH-QUALITY, HIGH-DEMAND SCHOOLS OF ALL TYPES. EVERY CHILD AND FAMILY IS UNIQUE, SO WE SUPPORT DIVERSE SCHOOL MODELS THAT VARY IN CURRICULUM, GRADESPAN, GEOGRAPHY, AND GOVERNANCE, AMONG MANY OTHER FACTORS. 0 0 1743852 1175679 SCHOOLS-THE PRIMARY FOCUS OF BSF'S PROGRAM WORK INCLUDES THE IDENTIFICATION AND DIRECT SUPPORT OF HIGH-QUALITY DISTRICT, CHARTER, AND CATHOLIC SCHOOLS WHICH ARE ABLE TO GROW TO SERVE MORE STUDENTS. BSF WORKS WITH THESE SCHOOLS TO SUPPORT THEIR GROWTH AND ENSURE THAT THE SCHOOLS MAINTAIN THEIR HIGH QUALITY AS THEY GROW. IN ADDITION, BSF WORKS DIRECTLY WITH FAMILIES AND COMMUNITY LEADERS IN BOSTON TO BETTER UNDERSTAND HOW AND WHY FAMILIES CHOOSE SCHOOLS IN BOSTON. WE THEN WORK WITH SCHOOLS TO PROVIDE SERVICES THAT FAMILIES ARE INTERESTED IN, AND WE DEVELOP TOOLS TO HELP FAMILIES LEARN MORE ABOUT SCHOOLS. 735362 BOSTON SCHOOL FINDER-THIS PROGRAM IS INTENDED TO ASSIST FAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE DISTRICT, CHARTER, OR CATHOLIC SCHOOL THAT BEST MEETS THEIR NEEDS. 533128 258770 POLICY-BSF SUPPORTS CITYWIDE POLICY INITIATIVES THAT MAKE IT EASIER FOR FAMILIES TO ACCESS HIGH-QUALITY SCHOOLS IN BOSTON. 3012342 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X WILLIAM AUSTIN CHIEF EXECUTIVE OFFICER 6173905896 53 STATE STREET NO 500 BOSTON MA 02109 WILLIAM AUSTIN FOUNDER & CEO 40.00 X X 186854 0 25064 KATHRYN EVERETT CHAIR 5.00 X X 0 0 0 JEFF NAYLOR DIRECTOR 2.00 X 0 0 0 MICAH SAGEBIEL DIRECTOR 2.00 X 0 0 0 LISA JACKSON DIRECTOR 2.00 X 0 0 0 ANDREA WOLFE DIRECTOR 2.00 X 0 0 0 KERRY DONAHUE CHIEF STRATEGY OFFICER 40.00 X 50083 0 0 RANA KANNON COO 40.00 X 123000 0 432 LATOYA GAYLE ENTREPRENEUR-IN-RESIDENCE 40.00 X 135500 0 23064 STEFANI FERLAN DIR OF INVESTMENT 40.00 X 110000 0 19545 605437 0 68105 4 0 1 0 JULIE ALBINO 37 FLEET STREET 4 BOSTON MA 02109 CONSULTING 195000 1 2128502 2128502 1885 1885 2130387 0 0 1885 X 1434449 1434449 492423 295453 98485 98485 631522 535804 47859 47859 120954 97058 11948 11948 89937 68339 10799 10799 24785 7851 14317 2617 456850 443180 6835 6835 29312 18045 11267 65267 43963 21304 10683 10683 60265 38925 10670 10670 45907 29275 16632 5208 5208 3467562 3012342 266007 189213 60637 459143 3611819 2044181 896333 888495 1478 16820 6773 5474 2631 1299 4572898 3409938 9841 19597 164459 9841 184056 X 2498684 1771548 2064373 1454334 4563057 3225882 4572898 3409938 -1337175 0 X X 0 1 X 1 0 X 2543000 4623918 2327750 3753207 2128502 15376377 2543000 4623918 2327750 3753207 2128502 15376377 9114395 6261982 917 796 4179 11917 1885 19694 15396071 0.40670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6773 5474 1299 1299 X 2130387 0 2130387 0 2130387 3467562 0 3467562 0 3467562 PART X, LINE 2: 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, 2020. 1 ACADEMY OF THE PACIFIC RIM FOUNDATION 1 WESTINGHOUSE PLAZA HYDE PARK MA 02136 043286025 501C3 85500 SCHOOL IMPROVEMENT BOSTON EDUCATIONAL DEVELOPMENT FUND 7 PALMER ST SUITE 2 BOSTON MA 02119 222514422 501C3 834848 SUPPORT TO 8 ELEMENTARY SCHOOLS FOR SCHOOL IMPROVEMENT, PLANNING AND EXPANSION FRIEND OF THE CONLEY 450 POPLAR STREET ROSLINDALE MA 02131 833081460 501C3 25000 CONLEY 6TH GRADE EXPANSION FRIENDS OF THE BRADLEY 110 BEACHVIEW ROAD EAST BOSTON MA 02128 815423491 501C3 35580 SCHOOL EXPANSION GRANT IMPACT FOR EDUCATION LLC 44 HOWARD AVENUE NEW HAVEN CT 06519 461819840 27500 SCHOOL LANDSCAPE ANALYSIS AND PLANNING SESSION MISSION GRAMMAR 94 ST ALPHONSUS STREET BOSTON MA 02120 043250653 501C3 50000 MISSION GRAMMAR EXPANSION GRANT FRIENDS OF JP MANNING SCHOOL 130 LOUDERS LANE BOSTON MA 02130 843879432 120000 MANNING 6TH GRADE EXPANSION 5 PART I, LINE 2: BSF'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. X 0 0 0 0 0 0 0 0 0 WILLIAM AUSTIN FOUNDER & CEO 186854 0 0 0 0 0 0 0 25064 0 211918 0 0 0 LATOYA GAYLE ENTREPRENEUR-IN-RESIDENCE 135500 0 0 0 0 0 0 0 23064 0 158564 0 0 0 PART I, LINE 3 THE 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 B, LINE 11B A 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 12C ON 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 15 THE 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 18 BSF'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 19 BSF'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 930. MANAGEMENT AND GENERAL EXPENSES 310. FUNDRAISING EXPENSES 310. TOTAL EXPENSES 1,550. BOSTON SCHOOLS FINDER SUPPORT: PROGRAM SERVICE EXPENSES 177,591. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,591. POLICY SUPPORT: PROGRAM SERVICE EXPENSES 245,083. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 245,083. CONSULTING: PROGRAM SERVICE EXPENSES 19,576. MANAGEMENT AND GENERAL EXPENSES 6,525. FUNDRAISING EXPENSES 6,525. TOTAL EXPENSES 32,626. 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 2019.