2016-11-10T13:00:41-06:00 2016-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-07-01 473093274 BOSTON SCHOOLS FUND INC BOST 6172164567 31 HEATH STREET NO 9 BOSTON MA 02130 WILL AUSTIN FOUNDER & CHIEF EXECUTIVE OFFICER 6172164567 2016-11-07 1 THOMAS WASHBURN CPA P00537319 5083669100 2016-11-07 2015 2017-02-10 21:41:12Z WILLIAM AUSTIN 31 HEATH STREET SUITE 9 BOSTON MA 02130 2543917 0 X WWW.BOSTONSCHOOLSFUND.ORG X 2015 MA BOSTON 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. 3 2 4 0 0 0 125000 2543000 0 0 4 917 0 0 125004 2543917 0 1095438 0 0 41934 416207 0 0 120236 10990 185756 52924 1697401 72080 846516 133533 1109991 61453 191395 72080 918596 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 989593 756800 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. 78455 60000 TALENT-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. 364347 278638 POLICY-BSF SUPPORTS CITYWIDE POLICY INITIATIVES THAT MAKE IT EASIER FOR FAMILIES TO ACCESS HIGH-QUALITY SCHOOLS IN BOSTON. 1432395 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X BENJAMIN WELLS CHIEF OPERATING OFFICER 6172164567 31 HEATH STREET NO 9 BOSTON MA 02130 WILLIAM AUSTIN FOUNDER & CHIEF EXECUTIVE OFFICER 50.00 X X 93917 0 8940 KATIE EVERETT CHAIR 5.00 X X 0 0 0 JILL SHAH DIRECTOR 1.00 X 0 0 0 BENJAMIN WELLS CHIEF OPERATING OFFICER 50.00 X 75250 0 3330 BRYANT WEINBERG-JONES CHIEF INVESTMENT OFFICER 50.00 X 38750 0 336 207917 0 12606 0 0 0 0 0 2543000 2543000 917 917 2543917 0 0 917 1095438 1095438 381734 178835 96423 106476 7000 7000 27473 12264 7228 7981 1141 1141 14281 14281 130749 128753 1996 2881 2881 9322 1936 6270 1116 9166 4368 2280 2518 8538 3801 2592 2145 6634 6634 3044 3044 1697401 1432395 144770 120236 61533 40111 62060 931339 130000 1281 6516 2584 559 8659 2025 133533 1109991 61453 56757 134638 61453 191395 X 72080 722596 196000 72080 918596 133533 1109991 846516 0 X X 0 1 X 1 0 X 125000 2543000 2668000 125000 2543000 2668000 1638488 1029512 4 917 921 2668921 X SCHEDULE A, PART II, SECTION B, LINE 13: BSF 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2584 559 2025 2025 X 2543917 0 2543917 0 2543917 1697401 0 1697401 0 1697401 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, 2016. 1 FRIENDS OF EXCEL ACADEMY CHARTER SCHOOL INC C/O KROKIDAS AND BLUESTEIN LLC 600 ATLANTIC AVE FLOOR 19 BOSTON MA 02110 300211613 501C3 236800 TO SUPPORT THE DEVELOPMENT OF EXCEL ACADEMY HIGH SCHOOL BOSTON ARTS ACADEMY FOUNDATION INC 174 IPSWICH ST BOSTON MA 02215 043454898 501C3 60000 TO SUPPORT ENROLLMENT GROWTH OVER COMING YEARS GENERATION TEACH INC CO UNCOMMON KNOWLEDGE AND ACHIEVEMENT 40 WEST 20TH ST FLOOR 7 NEW YORK NY 10011 465126839 501C3 60000 TO SUPPORT DEVELOPMENT OF A SITE IN BOSTON, MASSACHUSETTS BOSTON PRIVATE INDUSTRY COUNCIL INC 2 OLIVER ST BOSTON MA 02109 042676661 501C3 44000 TO SUPPORT DEVELOPMENT OF THE BOSTON COMPACT'S UNIFIED ENROLLMENT PROPOSAL ST COLUMBKILLE PARTNERSHIP SCHOOL 25 ARLINGTON ST BRIGHTON MA 02135 205509269 501C3 10000 TO SUPPORT ENROLLMENT GROWTH OVER COMING YEARS THE MATCH FOUNDATION INC 1001 COMMONWEALTH AVE BOSTON MA 02115 043476160 501C3 109000 TO SUPPORT ENROLLMENT GROWTH OVER COMING YEARS CENTER FOR COLLABORATIVE EDUCATION INC 33 HARRISON AVE 6TH FLOOR BOSTON MA 02111 043241676 501C3 15000 TO SUPPORT NEW MISSION HIGH SCHOOL'S SCHOOL PLANNING PROCESS BROOKE SCHOOL FOUNDATION INC C/O FRANCIS D CASH 190 CUMMINS HWY ROSLINDALE MA 02131 300015324 501C3 176000 TO SUPPORT THE DEVELOPMENT OF BROOKE HIGH SCHOOL NEIGHBORHOOD HOUSE CHARTER SCHOOL FOUNDATION 21 QUEEN ST DORCHESTER MA 02122 043462888 501C3 150000 TO SUPPORT THE DEVELOPMENT OF NEIGHBORHOOD HOUSE HIGH SCHOOL BOSTON PUBLIC SCHOOLS 2300 WASHINGTON STREET ROXBURY MA 02119 222514422 N/A 234638 TO PROVIDE EDUCATIONAL CONSULTING SERVICES 9 1 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. FORM 990, PART VI, SECTION B, LINE 11 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 INETREST 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 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.