BOSTON SCHOOLS FUND INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BOSTON SCHOOLS FUND INC (EIN 47-3093274)
Tax period
2017-07-01 to 2018-06-30
Filed
2018-11-06
IRS object ID
201843109349300529
Schema version
2017v2.3
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)
Return2018-11-06T08:24:05-06:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALEXANDER ARONSON FINNING & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

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
Phone6172164567PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line131 HEATH STREET NO 9AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02130ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILL AUSTINPersonNm
Person TitleFOUNDER & CHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6172164567PhoneNum
Signature2018-11-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS WASHBURN CPAPreparerPersonNm
PTINP00537319PTIN
Phone5083669100PhoneNum
Preparation2018-11-05PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.238.141.162IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-05IPDt
IP Tm15:05:36IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF4247996A0DFD92197EA51AEF4558D040C319DAAAtSubmissionCreationDeviceId
At Submission Filing Device IdD0D11AF730C84EA989067D997D1D7D43B936B30FAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIAM AUSTINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line131 HEATH STREET SUITE 9AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02130ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,331,929GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BOSTONSCHOOLSFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionBOSTON 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.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,623,918PYContributionsGrantsAmt
CY Contributions Grants$2,327,750CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$796PYInvestmentIncomeAmt
CY Investment Income$4,179CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$4,624,714PYTotalRevenueAmt
CY Total Revenue$2,331,929CYTotalRevenueAmt
PY Grants And Similar Paid$890,701PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,295,022CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$473,271PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$571,112CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$104,438CYTotalFundraisingExpenseAmt
PY Other Expenses$121,618PYOtherExpensesAmt
CY Other Expenses$588,332CYOtherExpensesAmt
PY Total Expenses$1,485,590PYTotalExpensesAmt
CY Total Expenses$2,454,466CYTotalExpensesAmt
PY Revenues Less Expenses$3,139,124PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$122,537CYRevenuesLessExpensesAmt
Total Assets BOY$4,110,075TotalAssetsBOYAmt
Total Assets EOY$3,942,592TotalAssetsEOYAmt
Total Liabilities BOY$52,355TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,409TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,057,720NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,935,183NetAssetsOrFundBalancesEOYAmt
MissionBSF 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,720,066ExpenseAmt
Grant$1,295,022GrantAmt
Revenue$0RevenueAmt
DescSCHOOLS-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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$484,247ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescBOSTON 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$23,000ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescPOLICY-BSF SUPPORTS CITYWIDE POLICY INITIATIVES THAT MAKE IT EASIER FOR FAMILIES TO ACCESS HIGH-QUALITY SCHOOLS IN BOSTON.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,227,313TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee4EmployeeCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
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 Line1WILL AUSTIN CHIEF EXECUTIVE OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6172164567PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line131 HEATH STREET NO 9AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02130ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WILLIAM AUSTIN
FOUNDER & CEO50.00Yes (X)Yes (X)$173,605$0$19,751
JILL SHAH
DIRECTOR5.00Yes (X)$0$0$0
KATIE EVERETT
CHAIR5.00Yes (X)Yes (X)$0$0$0
JEFF NAYLOR
DIRECTOR1.00Yes (X)$0$0$0
MICAH SAGEBIEL
DIRECTOR1.00Yes (X)$0$0$0
BENJAMIN WELLS
COO THRU JANUARY 201850.00Yes (X)$138,145$0$19,751
BRYANT WEINBERG-JONES
CHIEF INVESTMENT OFFICER50.00Yes (X)$124,500$0$873
FieldValueIRS element (for citing)
Total Reportable Comp From Org$436,250TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$40,375TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SMARTLING INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11375 BROADWAY ST 14TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
ServicesTRANSLATION SERVICESServicesDesc
Compensation$163,529CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,327,750AllOtherContributionsAmt
Total Contributions$2,327,750TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,179TotalRevenueColumnAmt
Exclusion$4,179ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,331,929TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,179ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,295,022TotalAmt
Program Services$1,295,022ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$440,713TotalAmt
Program Services$333,354ProgramServicesAmt
Management And General$45,532ManagementAndGeneralAmt
Fundraising$61,827FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$89,500TotalAmt
Program Services$52,925ProgramServicesAmt
Management And General$9,975ManagementAndGeneralAmt
Fundraising$26,600FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,023TotalAmt
Program Services$1,713ProgramServicesAmt
Management And General$603ManagementAndGeneralAmt
Fundraising$707FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$37,876TotalAmt
Program Services$27,618ProgramServicesAmt
Management And General$3,850ManagementAndGeneralAmt
Fundraising$6,408FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$419TotalAmt
Program Services$250ProgramServicesAmt
Management And General$169ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,925TotalAmt
Management And General$33,925ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$458,657TotalAmt
Program Services$457,304ProgramServicesAmt
Management And General$1,353ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,173TotalAmt
Program Services$10,978ProgramServicesAmt
Management And General$1,998ManagementAndGeneralAmt
Fundraising$2,197FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$27,411TotalAmt
Program Services$14,982ProgramServicesAmt
Management And General$10,452ManagementAndGeneralAmt
Fundraising$1,977FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$17,730TotalAmt
Program Services$9,752ProgramServicesAmt
Management And General$4,727ManagementAndGeneralAmt
Fundraising$3,251FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$31,517TotalAmt
Program Services$23,415ProgramServicesAmt
Management And General$6,631ManagementAndGeneralAmt
Fundraising$1,471FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,500TotalAmt
Management And General$3,500ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,454,466TotalAmt
Program Services$2,227,313ProgramServicesAmt
Management And General$122,715ManagementAndGeneralAmt
Fundraising$104,438FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$110,985BOYAmt
EOY$64,964EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,406,733BOYAmt
EOY$3,760,095EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$586,000BOYAmt
EOY$105,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,499BOYAmt
EOY$8,548EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,773LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,788LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,858BOYAmt
EOY$3,985EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,110,075BOYAmt
EOY$3,942,592EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,355BOYAmt
EOY$7,409EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$52,355BOYAmt
EOY$7,409EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,298,095BOYAmt
EOY$2,830,183EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,759,625BOYAmt
EOY$1,105,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,057,720BOYAmt
EOY$3,935,183EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,110,075BOYAmt
EOY$3,942,592EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$122,537ReconcilationRevenueExpnssAmt
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 Minus3 Years$125,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,543,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,623,918CurrentTaxYearMinus1YearAmt
Current Tax Year$2,327,750CurrentTaxYearAmt
Total$9,619,668TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$125,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,543,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,623,918CurrentTaxYearMinus1YearAmt
Current Tax Year$2,327,750CurrentTaxYearAmt
Total$9,619,668TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$6,152,956SubstantialContributorsTotAmt
Public Support Total170$3,466,712PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$4CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$917CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$796CurrentTaxYearMinus1YearAmt
Current Tax Year$4,179CurrentTaxYearAmt
Total$5,896TotalAmt
FieldValueIRS element (for citing)
Total Support$9,625,564TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, SECTION B, LINE 13:FormAndLineReferenceDesc
ExplanationBSF WAS INCORPORATED ON 2/6/2015. THUS, THIS 2017 TAX FILING IS FOR BSF'S FOURTH TAX YEAR AS A SECTION 501(C)(3) ORGANIZATION.ExplanationTxt

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,773OtherCostOrOtherBasisAmt
Depreciation$2,788DepreciationAmt
Book Value$3,985BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,985TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,344,329TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$12,400DonatedServicesAndUseFcltsAmt
Revenue Not Reported$12,400RevenueNotReportedAmt
Revenue Subtotal$2,331,929RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,331,929TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,466,866TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$12,400DonatedServicesUseFcltsAmt
Expenses Not Reported$12,400ExpensesNotReportedAmt
Expenses Subtotal$2,454,466ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,454,466TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationBSF 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, 2018.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (15 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BROOKE SCHOOL FOUNDATION INC
C/O FRANCIS D CASH 190 CUMMINSHIGHWAYROSLINDALEMA02131300015324501C3$283,000SUPPORT THE DEVELOPMENT OF BROOKE HIGH SCHOOL
NEW MISSION HIGH SCHOOL
655 METROPOLITAN AVEHYDE PARKMA02136043241676$160,500SUPPORT THE DEVELOPMENT OF NEW MISSION
BOSTON INTERNATIONAL HIGH SCHOOLNEWCOMERS' ACADEMY
100 MAXWELL STBOSTONMA02124043241676$26,300SUPPORT THE DEVELOPMENT OF BINCA
ANOTHER COURSE TO COLLEGE HIGH SCHOOL
612 METROPOLITAN AVEHYDE PARKMA02136043241676$21,500SUPPORT THE DEVELOPMENT OF ACC
HARVARD-KENT ELEMENTARY SCHOOL
50 BUNKER HILL STCHARLESTOWNMA02129046001138$18,390SUPPORT THE DEVELOPMENT OF HR CHARLESTOWN
BOSTON EDUCATIONAL DEVELOPMENT FUND (FOR MILDRED ACT-8)
7 PALMER ST SUITE 2BOSTONMA02119222514422501C3$50,000SUPPORT THE DEVELOPMENT OF MILDRED AVE. K-8
EDWARD M KENNEDY ACADEMY FOUNDATION INC
360 HUNTINGTON AVE 102 CABOSTONMA02115272438940501C3$90,800SUPPORT EMK FOUNDATION (STILING)
FRIENDS OF EXCEL ACADEMY
58 MOORE STREETEAST BOSTONMA02128300211613501C3$129,200SUPPORT THE DEVELOPMENT OF EXCEL ACADEMY
NEIGHBORHOOD HOUSE CHARTER SCHOOL
21 QUEEN STREETDORCHESTERMA02122043462888501C3$151,500SUPPORT THE DEVELOPMENT OF NHCS
KIPP MASS INC
90 HIGH ROCK STLYNNMA01902464881350501C3$50,000SUPPORT THE DEVELOPMENT OF KIPP MASS
CHARLES H TAYLOR SCHOOL
1060 MORTON STBOSTONMA02126046001138$53,166SUPPORT THE DEVELOPMENT OF TAYLAR SCHOOL
WILLIAM ELLERY CHANNING ELEMENTARY SCHOOL
35 SUNNYSIDE STHYDE PARKMA02136046001138$53,166SUPPORT THE DEVELOPMENT OF CHANNING SCHOOL
OLIVER HAZARD PERRY SCHOOL
745 E 7TH STSOUTH BOSTONMA02127046001138$25,000SUPPORT THE DEVELOPMENT OF PERRY SCHOOL
ACADEMY OF THE PACIFIC RIM CHARTER SCHOOL FUNDRAISING INC
1 WESTINGHOUSE PLAZAHYDE PARKMA02136043286025501C3$82,500SUPPORT THE DEVELOPMENT OF APR
PREPARATORY FOUNDATION INC
1286 HYDE PARK AVEHYDE PARKMA02136113690799501C3$100,000SUPPORT THE DEVELOPMENT OF BOSTON PREP
FieldValueIRS element (for citing)
Total501c3 Org8Total501c3OrgCnt

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 (2 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$173,605$0$0$0$0$0$0$0$19,751$0$193,356$0$0$0
BENJAMIN WELLS
COO THRU JANUARY 2018$138,145$0$0$0$0$0$0$0$19,751$0$157,896$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 INETREST 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 0. MANAGEMENT AND GENERAL EXPENSES 1,353. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,353. BOSTON SCHOOLS FINDER SUPPORT: PROGRAM SERVICE EXPENSES 434,304. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 434,304. POLICY SUPPORT: PROGRAM SERVICE EXPENSES 23,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,000.
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 2017.

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