BETA

BOSTON SCHOOLS FUND INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BOSTON SCHOOLS FUND INC (EIN 47-3093274)
Tax period
2015-07-01 to 2016-06-30
Filed
2016-11-10
IRS object ID
201643159349302579
Schema version
2015v2.1
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)
Return2016-11-10T13:00:41-06:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

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 Line121 EAST MAIN STREETAddressLine1Txt
CityWESTBOROCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

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
Signature2016-11-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS WASHBURN CPAPreparerPersonNm
PTINP00537319PTIN
Phone5083669100PhoneNum
Preparation2016-11-07PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

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$2,543,917GrossReceiptsAmt
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.'S (BS) MISSION IS TO ADD 7,000 ADDITIONAL SEATS TO BOSTON'S HIGH-PERFORMING SCHOOLS BY 2020. THIS WILL PUT BOSTON ON TRACK TO BE THE FIRST MAJOR CITY IN THE COUNTRY TO OFFER A SEAT IN A HIGH-QUALITY SCHOOL TO EVERY STUDENT. BSF SUPPORTS BOSTON PUBLIC SCHOOLS (BPS) (DISTRICT), CHARTER SCHOOLS, AND CATHOLIC SCHOOLS THAT ARE HIGH-QUALITY, IN DEMAND, AND ABLE TO GROW. BSF PROVIDES OPERATING AND FINANCIAL SUPPORT TO THESE KEY SCHOOL PARTNERS AS THEY PLAN FOR GROWTH AND ADD STUDENTS. BSF'S WORK WILL PROVIDE MORE OF BOSTON'S CHILDREN WITH ACCESS TO TRANSFORMATIONAL SCHOOL EXPERIENCES.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$125,000PYContributionsGrantsAmt
CY Contributions Grants$2,543,000CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$4PYInvestmentIncomeAmt
CY Investment Income$917CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$125,004PYTotalRevenueAmt
CY Total Revenue$2,543,917CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,095,438CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$41,934PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$416,207CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$120,236CYTotalFundraisingExpenseAmt
PY Other Expenses$10,990PYOtherExpensesAmt
CY Other Expenses$185,756CYOtherExpensesAmt
PY Total Expenses$52,924PYTotalExpensesAmt
CY Total Expenses$1,697,401CYTotalExpensesAmt
PY Revenues Less Expenses$72,080PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$846,516CYRevenuesLessExpensesAmt
Total Assets BOY$133,533TotalAssetsBOYAmt
Total Assets EOY$1,109,991TotalAssetsEOYAmt
Total Liabilities BOY$61,453TotalLiabilitiesBOYAmt
Total Liabilities EOY$191,395TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$72,080NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$918,596NetAssetsOrFundBalancesEOYAmt
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$989,593ExpenseAmt
Grant$756,800GrantAmt
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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$78,455ExpenseAmt
Grant$60,000GrantAmt
DescTALENT-BSF PARTNERS WITH SELECT TALENT ORGANIZATIONS TO ENSURE THAT BOSTON HAS A STRONG PIPELINE OF TALENTED TEACHERS AND LEADERS AS THE CITY'S SUPPLY OF HIGH-QUALITY SEATS GROWS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$364,347ExpenseAmt
Grant$278,638GrantAmt
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$1,432,395TotalProgramServiceExpensesAmt
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 Required0ScheduleJRequiredInd
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 Document1IRPDocumentCnt
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 Members3GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
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 Line1BENJAMIN WELLS CHIEF OPERATING 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 (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WILLIAM AUSTIN
FOUNDER & CHIEF EXECUTIVE OFFICER50.00Yes (X)Yes (X)$93,917$0$8,940
KATIE EVERETT
CHAIR5.00Yes (X)Yes (X)$0$0$0
JILL SHAH
DIRECTOR1.00Yes (X)$0$0$0
BENJAMIN WELLS
CHIEF OPERATING OFFICER50.00Yes (X)$75,250$0$3,330
BRYANT WEINBERG-JONES
CHIEF INVESTMENT OFFICER50.00Yes (X)$38,750$0$336
FieldValueIRS element (for citing)
Total Reportable Comp From Org$207,917TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$12,606TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,543,000AllOtherContributionsAmt
Total Contributions$2,543,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$917TotalRevenueColumnAmt
Exclusion$917ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,543,917TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$917ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,095,438TotalAmt
Program Services$1,095,438ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$381,734TotalAmt
Program Services$178,835ProgramServicesAmt
Management And General$96,423ManagementAndGeneralAmt
Fundraising$106,476FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$7,000TotalAmt
Program Services$7,000ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$27,473TotalAmt
Program Services$12,264ProgramServicesAmt
Management And General$7,228ManagementAndGeneralAmt
Fundraising$7,981FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,141TotalAmt
Management And General$1,141ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,281TotalAmt
Management And General$14,281ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$130,749TotalAmt
Program Services$128,753ProgramServicesAmt
Management And General$1,996ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,881TotalAmt
Management And General$2,881ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,322TotalAmt
Program Services$1,936ProgramServicesAmt
Management And General$6,270ManagementAndGeneralAmt
Fundraising$1,116FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,166TotalAmt
Program Services$4,368ProgramServicesAmt
Management And General$2,280ManagementAndGeneralAmt
Fundraising$2,518FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,538TotalAmt
Program Services$3,801ProgramServicesAmt
Management And General$2,592ManagementAndGeneralAmt
Fundraising$2,145FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,634TotalAmt
Management And General$6,634ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,044TotalAmt
Management And General$3,044ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,697,401TotalAmt
Program Services$1,432,395ProgramServicesAmt
Management And General$144,770ManagementAndGeneralAmt
Fundraising$120,236FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$61,533BOYAmt
EOY$40,111EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$62,060BOYAmt
EOY$931,339EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$130,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,281BOYAmt
EOY$6,516EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,584LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$559LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,659BOYAmt
EOY$2,025EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$133,533BOYAmt
EOY$1,109,991EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$61,453BOYAmt
EOY$56,757EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
EOY$134,638EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$61,453BOYAmt
EOY$191,395EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$72,080BOYAmt
EOY$722,596EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$196,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$72,080BOYAmt
EOY$918,596EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$133,533BOYAmt
EOY$1,109,991EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$846,516ReconcilationRevenueExpnssAmt
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 Minus1 Year$125,000CurrentTaxYearMinus1YearAmt
Current Tax Year$2,543,000CurrentTaxYearAmt
Total$2,668,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$125,000CurrentTaxYearMinus1YearAmt
Current Tax Year$2,543,000CurrentTaxYearAmt
Total$2,668,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,638,488SubstantialContributorsTotAmt
Public Support Total170$1,029,512PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$4CurrentTaxYearMinus1YearAmt
Current Tax Year$917CurrentTaxYearAmt
Total$921TotalAmt
FieldValueIRS element (for citing)
Total Support$2,668,921TotalSupportAmt
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 2015 TAX FILING IS FOR BSF'S SECOND TAX YEAR AS A SECTION 501(C)(3) ORGANIZATION.ExplanationTxt

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$2,584OtherCostOrOtherBasisAmt
Depreciation$559DepreciationAmt
Book Value$2,025BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,025TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,543,917TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,543,917RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,543,917TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,697,401TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,697,401ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,697,401TotalExpensesPerForm990Amt

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, 2016.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
FRIENDS OF EXCEL ACADEMY CHARTER SCHOOL INC
C/O KROKIDAS AND BLUESTEIN LLC 600ATLANTIC AVE FLOOR 19BOSTONMA02110300211613501C3$236,800TO SUPPORT THE DEVELOPMENT OF EXCEL ACADEMY HIGH SCHOOL
BOSTON ARTS ACADEMY FOUNDATION INC
174 IPSWICH STBOSTONMA02215043454898501C3$60,000TO SUPPORT ENROLLMENT GROWTH OVER COMING YEARS
GENERATION TEACH INC CO UNCOMMON KNOWLEDGE AND ACHIEVEMENT
40 WEST 20TH ST FLOOR 7NEW YORKNY10011465126839501C3$60,000TO SUPPORT DEVELOPMENT OF A SITE IN BOSTON, MASSACHUSETTS
BOSTON PRIVATE INDUSTRY COUNCIL INC
2 OLIVER STBOSTONMA02109042676661501C3$44,000TO SUPPORT DEVELOPMENT OF THE BOSTON COMPACT'S UNIFIED ENROLLMENT PROPOSAL
ST COLUMBKILLE PARTNERSHIP SCHOOL
25 ARLINGTON STBRIGHTONMA02135205509269501C3$10,000TO SUPPORT ENROLLMENT GROWTH OVER COMING YEARS
THE MATCH FOUNDATION INC
1001 COMMONWEALTH AVEBOSTONMA02115043476160501C3$109,000TO SUPPORT ENROLLMENT GROWTH OVER COMING YEARS
CENTER FOR COLLABORATIVE EDUCATION INC
33 HARRISON AVE 6TH FLOORBOSTONMA02111043241676501C3$15,000TO SUPPORT NEW MISSION HIGH SCHOOL'S SCHOOL PLANNING PROCESS
BROOKE SCHOOL FOUNDATION INC
C/O FRANCIS D CASH 190 CUMMINS HWYROSLINDALEMA02131300015324501C3$176,000TO SUPPORT THE DEVELOPMENT OF BROOKE HIGH SCHOOL
NEIGHBORHOOD HOUSE CHARTER SCHOOL FOUNDATION
21 QUEEN STDORCHESTERMA02122043462888501C3$150,000TO SUPPORT THE DEVELOPMENT OF NEIGHBORHOOD HOUSE HIGH SCHOOL
BOSTON PUBLIC SCHOOLS
2300 WASHINGTON STREETROXBURYMA02119222514422N/A$234,638TO PROVIDE EDUCATIONAL CONSULTING SERVICES
FieldValueIRS element (for citing)
Total501c3 Org9Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11A 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 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 2015.

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