BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION INC (EIN 06-1503911)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-06
- IRS object ID
- 201601279349300805
- Schema version
- 2014v6.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-06T10:40:58-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1Txt |
| City | WESTBORO | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061503911 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BOST | BusinessNameControlTxt |
| Phone | 6172651172 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 SYDNEY STREET | AddressLine1Txt |
| City | DORCHESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02125 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHANNAH VARON | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6172651172 | PhoneNum |
| Signature | 2016-05-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHARLES J WEBB | PreparerPersonNm |
| PTIN | P01584539 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2016-05-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SHANNAH VARON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 SYDNEY STREET | AddressLine1Txt |
| City | DORCHESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02125 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,361,429 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | BOSTONCOLLEGIATE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1998 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE THE FINANCIAL WELL-BEING OF BOSTON COLLEGIATE CHARTER SCHOOL, BY SOLICITING, RECEIVING AND ADMINISTERING FUNDS FOR CONSTRUCTION, OPERATION AND MAINTENANCE OF A BUILDING FOR THE SCHOOL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,254,050 | PYContributionsGrantsAmt |
| CY Contributions Grants | $802,221 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $922,824 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $659,041 | CYProgramServiceRevenueAmt |
| PY Investment Income | $448,900 | PYInvestmentIncomeAmt |
| CY Investment Income | $679,263 | CYInvestmentIncomeAmt |
| PY Other Revenue | $24,611 | PYOtherRevenueAmt |
| CY Other Revenue | $175,765 | CYOtherRevenueAmt |
| PY Total Revenue | $2,650,385 | PYTotalRevenueAmt |
| CY Total Revenue | $2,316,290 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $396,323 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $680,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $579,495 | PYOtherExpensesAmt |
| CY Other Expenses | $605,947 | CYOtherExpensesAmt |
| PY Total Expenses | $975,818 | PYTotalExpensesAmt |
| CY Total Expenses | $1,285,947 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,674,567 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,030,343 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $33,729,643 | TotalAssetsBOYAmt |
| Total Assets EOY | $28,924,940 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $12,812,815 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,639,361 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $20,916,828 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $17,285,579 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROMOTE THE FINANCIAL WELL-BEING OF BOSTON COLLEGIATE CHARTER SCHOOL, BY SOLICITING, RECEIVING AND ADMINISTERING FUNDS FOR CONSTRUCTION, OPERATION AND MAINTENANCE OF A PERMANENT HOME FOR THE SCHOOL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,274,591 | ExpenseAmt |
| Grant | $680,000 | GrantAmt |
| Revenue | $768,295 | RevenueAmt |
| Desc | THE BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION SUPPORTS BOSTON COLLEGIATE CHARTER SCHOOL (BCCS), PROVIDING FUNDING, FACILITIES AND OTHER SUPPORT. IN ADDITION TO GENERAL SUPPORT, THE FOUNDATION RAISED FUNDS FOR SPECIFIC PROGRAMS. FOR EXAMPLE, THE FOUNDATION GRANTS SUPPORT STUDENT ACTIVITIES THAT COMPLEMENT CORE ACADEMIC PROGRAMMING AND SUPPORT BCCS'S MISSION OF PREPARING EACH STUDENT FOR COLLEGE; ROBUST ARTS PROGRAMMING (VISUAL, PERFORMING, INDUSTRIAL); ACADEMIC SUPPORT (SUMMER ACADEMY, SATURDAY LEARNING CENTER); ALUMNI PROGRAMMING; AND PROGRAMS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM), INCLUDING ROBOTICS CLUB AND SUMMER I2 ROBOTICS CAMP.HERE ARE SOME OF THE OUTCOMES THAT THIS FUNDING HAS ENABLED AT BCCS, AN INNER-CITY, VERY DIVERSE SCHOOL OF 700 THAT ADMITS STUDENTS BY LOTTERY:-LAST YEAR, AS IN EVERY YEAR SINCE 2004, 100% OF BCCS GRADUATES HAVE EARNED ACCEPTANCE FOR A FOUR-YEAR COLLEGE.-BCCS'S GRADUATES' SUCCESS IN COLLEGE PERSISTENCE CONTINUED THIS YEAR. 95% OF OUR COLLEGE FRESHMEN TOLD US ON OUR ALUMNI SURVEY THAT BOSTON COLLEGIATE CHARTER SCHOOL EITHER PREPARED OR OVER-PREPARED THEM FOR COLLEGE-LEVEL ACADEMICS, AND OF OUR TOTAL GRADUATES SINCE 2010, 84% ARE EITHER CURRENTLY ENROLLED IN OR HAVE GRADUATED FROM COLLEGE DESPITE THE RATE OF COLLEGE GRADUATION FOR URBAN YOUTH NATIONALLY BEING LESS THAN 10%.-ACADEMIC SUCCESS AS MEASURED BY STANDARDIZED TESTING CONTINUED:(1) 100% OF BCCS 10TH GRADE STUDENTS SCORED ADVANCED OR PROFICIENT ON THE 2015 ELA MCAS EXAM, AND 97% SCORED ADVANCED OR PROFICIENT ON THE 2015 MATH MCAS EXAM.(2)91% OF BCCS STUDENTS WHO TOOK THE 2015 AP CALCULUS AB EXAM SCORED A 3 OR HIGHER, AND 72% OF BCCS STUDENTS WHO TOOK THE 2015 AP ENGLISH LITERATURE AND COMPOSITION EXAM SCORED A 3 OR HIGHER, QUALIFYING THEM FOR COLLEGE CREDIT.-IN 2015, U.S. NEWS AND WORLD REPORT RANKED BOSTON COLLEGIATE CHARTER SCHOOL AS THE #3 HIGH SCHOOL IN MASSACHUSETTS, OUTSCORING A LARGE NUMBER OF HIGH CALIBER, WELL-REGARDED SUBURBAN HIGH SCHOOLS. | Desc |
| Total Program Service Expenses | $1,274,591 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6172651172 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 SYDNEY STREET | AddressLine1Txt |
| City | DORCHESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02125 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| BRETT PEISER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| NEIL OLKEN | ||||||
| TREASURER | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SUSAN FORTIN | ||||||
| PRESIDENT | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CHRIS CHURCHILL | ||||||
| CLERK | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CHARLES CASSIDY | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $33,200 | FundraisingAmt |
| All Other Contributions | $769,021 | AllOtherContributionsAmt |
| Total Contributions | $802,221 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN PARTICIPATION INT | Desc |
| Business | 999999 | BusinessCd |
| Total Revenue Column | $659,041 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $659,041 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $659,041 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $679,263 | TotalRevenueColumnAmt |
| Exclusion | $679,263 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $111,650 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $33,200 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $45,139 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $66,511 | TotalRevenueColumnAmt |
| Exclusion | $66,511 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NMTC UNWIND SURPLUS | 999999 | $94,254 | $94,254 |
| MISCELLANEOUS | 999999 | $15,000 | $15,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $109,254 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,316,290 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $768,295 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $745,774 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $680,000 | TotalAmt |
| Program Services | $680,000 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289 | TotalAmt |
| Management And General | $289 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,067 | TotalAmt |
| Management And General | $11,067 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,571 | TotalAmt |
| Program Services | $165,571 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,657 | TotalAmt |
| Program Services | $14,657 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,759 | TotalAmt |
| Program Services | $240,759 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,604 | TotalAmt |
| Program Services | $173,604 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,285,947 | TotalAmt |
| Program Services | $1,274,591 | ProgramServicesAmt |
| Management And General | $11,356 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,984,114 | BOYAmt |
| EOY | $9,456,436 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,694 | BOYAmt |
| EOY | $84,694 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,267,833 | BOYAmt |
| EOY | $13,545,916 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,347 | BOYAmt |
| EOY | $3,868 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,608,009 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $773,983 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,607,630 | BOYAmt |
| EOY | $5,834,026 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,857,025 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,729,643 | BOYAmt |
| EOY | $28,924,940 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,020 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,735,798 | BOYAmt |
| EOY | $11,599,675 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,069,997 | BOYAmt |
| EOY | $39,686 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,812,815 | BOYAmt |
| EOY | $11,639,361 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,907,134 | BOYAmt |
| EOY | $17,200,885 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,694 | BOYAmt |
| EOY | $84,694 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,916,828 | BOYAmt |
| EOY | $17,285,579 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,729,643 | BOYAmt |
| EOY | $28,924,940 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,030,343 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $298,205 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$4,959,797 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $944,739 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $955,363 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $385,214 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,254,050 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $802,221 | CurrentTaxYearAmt |
| Total | $4,341,587 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $944,739 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $955,363 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $385,214 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,254,050 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $802,221 | CurrentTaxYearAmt |
| Total | $4,341,587 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,018,919 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,322,668 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $429,434 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $444,237 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $455,468 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $448,900 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $679,263 | CurrentTaxYearAmt |
| Total | $2,457,302 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $109,254 | CurrentTaxYearAmt |
| Total | $109,254 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,908,143 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,337,212 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.19150 | PublicSupportCY170Pct |
| Public Support PY170 | 0.19750 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
| Facts And Circumstances Test | BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION, INC. (THE "FOUNDATION") QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION BECAUSE IT COMFORTABLY SATISFIES THE FACTS AND CIRCUMSTANCES TEST, PURSUANT TO TREAS. REG. 1.170A-9(F)(3). TEN-PERCENT SUPPORT LIMITATION: THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE FOR FISCAL YEAR 2015 WAS OVER 19%. ATTRACTION OF PUBLIC SUPPORT: THE FOUNDATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS DUE TO ITS PUBLIC CHARITABLE MISSION. THE FOUNDATION IS ORGANIZED AND OPERATED TO SUPPORT BOSTON COLLEGIATE CHARTER SCHOOL, A MASSACHUSETTS PUBLIC CHARTER SCHOOL (THE "SCHOOL"). THE SCHOOL IS A PUBLIC INSTITUTION WHICH SERVES OVER 665 STUDENTS CHOSEN BY RANDOM PUBLIC LOTTERY AND HAS RECEIVED AN INCREASING NUMBER OF APPLICATIONS EACH YEAR; THE SCHOOL CURRENTLY HAS A WAITING LIST OF OVER 2,300 STUDENTS. DUE TO ITS RELATIONSHIP WITH THE SCHOOL, THE FOUNDATION IS ALSO SUBJECT TO PUBLIC OVERSIGHT; ITS FINANCIALS ARE COMBINED WITH THE SCHOOL'S FINANCIALS, AND ARE SUBMITTED TO THE MASSACHUSETTS DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION ON AN ANNUAL BASIS.CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS: THE FOUNDATION'S FUNDRAISING ACTIVITIES INCLUDE AN ANNUAL EVENT AND AN ANNUAL APPEAL MAILING. THE FOUNDATION SENDS OUT OVER 600 INVITATIONS WITH A GROWING NUMBER ATTENDING EACH YEAR AND REACHING 350 IN 2015. THE FOUNDATION SENDS APPEALS TO APPROXIMATELY 650 INDIVIDUALS AND ENTITIES ANNUALLY. ALTOGETHER THE FOUNDATION RAISED OVER $800,000 IN 2015. THE FOUNDATION INVITES POTENTIAL DONORS TO VISIT THE SCHOOL AND TO ATTEND BOTH SPECIAL CULTIVATION EVENTS AND ROUTINE SCHOOL EVENTS. THE FOUNDATION HAS INITIATED A CAPITAL CAMPAIGN THAT IS EXPECTED TO ATTRACT NEW DONORS AND CONTINUE TO INCREASE PUBLIC SUPPORT OVER THE NEXT FEW YEARS. THE FOUNDATION HAS EXPANDED ITS FUNDRAISING PROGRAM SIGNIFICANTLY OVER THE LAST FEW YEARS, INCREASING THE AMOUNT OF CONTRIBUTIONS RECEIVED AND EXPANDING ITS DONOR BASE, AND EXPECTS TO CONTINUE TO DO SO. PERCENTAGE OF FINANCIAL SUPPORT: IN 2015, THE PUBLIC SUPPORT PERCENTAGE FOR THE FOUNDATION WAS OVER 19%. THE FOUNDATION EXPECTS ITS PUBLIC SUPPORT PERCENTAGE TO CONTINUE TO EXCEED 10% BY A SIGNIFICANT MARGIN IN THE FUTURE.SOURCES OF SUPPORT: MOVING FORWARD, THE FOUNDATION EXPECTS TO RECEIVE FEWER FUNDS FROM REVENUE SOURCES THAT DO NOT QUALIFY AS PUBLIC SUPPORT AND EXPECTS TO RECEIVE A GREATER PERCENTAGE OF ITS REVENUE FROM GIFTS, GRANTS, AND CONTRIBUTIONS. REPRESENTATIVE GOVERNING BODY: THE FOUNDATION'S BOARD OF DIRECTORS REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, RATHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS. THE FOUNDATION'S BOARD OF DIRECTORS IS COMPOSED OF THE FOLLOWING DIRECTORS:CHARLES CASSIDY, DIRECTOR AND BOARD CHAIR: MR. CASSIDY HAS HAD A LONG CAREER AS AN OPERATIONS LEADER AND GLOBAL MANAGEMENT CONSULTANT. HE RETIRED FROM CAMBRIDGE ASSOCIATES AT THE END OF 2014 WHERE HE WAS MANAGING DIRECTOR OF THE BUSINESS RISK MANAGEMENT TEAM. MR. CASSIDY CURRENTLY SERVES AS ADVISOR AT LIGHTHOUSE LLC AND ALPHAPIPE AND AS CEO OF CTCASSIDY LLC.HE SERVES ON THE BOARD OF DORCHESTER COLLEGIATE CHARTER SCHOOL AND IS A FORMER TRUSTEE OF BOSTON COLLEGIATE CHARTER SCHOOL AND THE MASSACHUSETTS CHARTER PUBLIC SCHOOL ASSOCIATION.HE IS A GRADUATE OF THE UNIVERSITY OF NEW HAMPSHIRE AND HARVARD BUSINESS SCHOOL.KATHLEEN SULLIVAN, DIRECTOR: MS. SULLIVAN IS AN ASSOCIATE DIRECTOR AT UNCOMMON SCHOOLS, WHERE SHE SUPPORTS EXCELLENCE IN HIGH SCHOOLS AND TEACHER COACHING PROGRAMMING. PRIOR TO JOINING UNCOMMON SCHOOLS, MS. SULLIVAN SERVED FOR SIX YEARS AS EXECUTIVE DIRECTOR OF BOSTON COLLEGIATE CHARTER SCHOOL. BEFORE BECOMING EXECUTIVE DIRECTOR, MS. SULLIVAN TAUGHT ENGLISH, WAS A DEPARTMENT HEAD, AND WAS THE DEAN OF ADMINISTRATION AT BCCS. MS. SULLIVAN BEGAN HER CAREER IN EDUCATION AS A HIGH SCHOOL ENGLISH TEACHER IN THE MISSISSIPPI DELTA AND IN MIGRANT FARMWORKER COMMUNITIES IN FLORIDA AND NORTH CAROLINA. MS. SULLIVAN EARNED A BACHELOR OF ARTS DEGREE IN ENGLISH FROM WILLIAMS COLLEGE AND A MASTER OF ARTS IN TEACHING DEGREE FROM THE UNIVERSITY OF MISSISSIPPI.SUSAN FORTIN, DIRECTOR: MS. FORTIN IS ONE OF THE FOUNDERS OF BOSTON COLLEGIATE CHARTER SCHOOL. SHE IS CURRENTLY AN INDEPENDENT EDUCATION MANAGEMENT PROFESSIONAL.MS. FORTIN WAS EDUCATED AT WILLIAMS COLLEGE AND THE JOHN F. KENNEDY SCHOOL AT HARVARD UNIVERSITY.CHRIS CHURCHILL, DIRECTOR AND CLERK: MR. CHURCHILL IS SVP GROWTH STRATEGIES AT FRESENIUS MEDICAL CARE. PRIOR TO THIS POSITION HE WAS A SENIOR VICE PRESIDENT AT IRON MOUNTAIN. HE WAS FORMERLY A SENIOR CONSULTANT AT COHASSET ASSOCIATES AND VICE PRESIDENT OF DOCUMENT MANAGEMENT SOLUTIONS AT ARCHIVESONE, INC. HE ALSO SERVES ON THE BOARD OF TRUSTEES OF SCHOLARS CHARTER SCHOOL AND IS A FORMER DIRECTOR OF BOSTON COLLEGIATE CHARTER SCHOOL.MR. CHURCHILL WAS EDUCATED AT PRINCETON UNIVERSITY AND HARVARD BUSINESS SCHOOL.NEIL OLKEN, DIRECTOR AND TREASURER: MR. OLKEN IS THE FORMER PRESIDENT, DYECRAFTSMEN, INC. CURRENTLY RETIRED. MR. OLKEN IS ACTIVELY INVOLVED IN VOLUNTEER EFFORTS ON BEHALF OF BOTH OF HIS ALMA MATERS HARVARD UNIVERSITY AND HARVARD BUSINESS SCHOOL. HE IS A FORMER TRUSTEE OF BOSTON COLLEGIATE CHARTER SCHOOL.BRETT PEISER, DIRECTOR: MR. PEISER IS THE CHIEF EXECUTIVE OFFICER OF UNCOMMON SCHOOLS. PRIOR TO BECOMING CEO IN JULY 2012, MR. PEISER SERVED AS FOUNDING MANAGING DIRECTOR OF UNCOMMON SCHOOLS NEW YORK CITY. AS MANAGING DIRECTOR, HE OVERSAW A NETWORK OF 14 SCHOOLS IN BROOKLYN, SERVING OVER 3,000 ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS. MR. PEISER IS A FOUNDER AND THE FORMER PRINCIPAL AND EXECUTIVE DIRECTOR OF BOSTON COLLEGIATE CHARTER SCHOOL.MR. PEISER IS ALSO A FORMER HISTORY TEACHER. HE RECEIVED A BA FROM BROWN UNIVERSITY AND A MPP DEGREE FROM THE JOHN F. KENNEDY SCHOOL OF GOVERNMENT AT HARVARD UNIVERSITY.HAVEN LADD, BOSTON COLLEGIATE CHARTER SCHOOL TREASURER AND THE LIAISON BETWEEN THE BCCS BOARD, AND THE BCCS FOUNDATION BOARD: MR. LADD IS A PARTNER WITH THE PARTHENON GROUP/EY IN BOSTON. MR. LADD JOINED THE FIRM IN 1997 AND IS A MEMBER OF THE FIRM'S EDUCATION PRACTICE. MR. LADD FOCUSES ON STRATEGIC ISSUES FACING COMPANIES AND SCHOOLS IN THE U.S. EDUCATION MARKET. HE SERVES ON THE BOARDS OF THE NATIONAL DROPOUT PREVENTION NETWORK AND THE LANDING SCHOOL, AN INDEPENDENT COLLEGE IN ARUNDEL, MAINE.MR. LADD RECEIVED HIS UNDERGRADUATE DEGREE FROM HARVARD UNIVERSITY. HE RECEIVED HIS M.B.A., FROM THE TUCK SCHOOL OF BUSINESS AT DARTMOUTH.ADDITIONALLY, A BROAD RANGE OF INDIVIDUALS PARTICIPATE IN THE FOUNDATION'S EVENT PLANNING COMMITTEE. | FactsAndCircumstancesTestTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,400,000 | OtherCostOrOtherBasisAmt |
| Book Value | $1,400,000 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,208,009 | OtherCostOrOtherBasisAmt |
| Depreciation | $773,983 | DepreciationAmt |
| Book Value | $4,434,026 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,834,026 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO BCCS | Desc |
| Amt | $39,686 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $39,686 | TotalLiabilityAmt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | TRIVIA NIGHT | Event1Nm |
| Gross Receipts Event1 | $144,850 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $33,200 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $111,650 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $8,996 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $30,338 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $5,805 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $144,850 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $33,200 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $111,650 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $8,996 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $30,338 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $5,805 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $45,139 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $66,511 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOSTON COLLEGIATE CHARTER SCHOOL | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 SYDNEY STREET | AddressLine1Txt |
| City | DORCHESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02125 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 043413649 | RecipientEIN |
| IRC Section | 170(B)(1)(A)(II) | IRCSectionDesc |
| Cash Grant | $680,000 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | OPERATING SUPPORT TO THE SCHOOL | PurposeOfGrantTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE GRANT FUNDS ARE MONITORED AND APPROVED BY THE BOARD OF TRUSTEES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | JAN TO PROVIDE EXPLANATION OF WHAT THE CHANGES WERE TO THE ARTICLES |
| FORM 990, PART VI, SECTION B, LINE 11 | TTHE RETURN IS BASED OFF OF THE AUDITED FINANCIAL STATEMENTS, WHICH ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. A COPY OF THE RETURN IS PROVIDED TO ALL DIRECTORS BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | COPIES OF THE FILLED OUT DISCLOSURE FORMS ARE PROVIDED TO THE BOARD CHAIR WHO MONITORS CONFLICTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990 IS AVAILABLE TO THE PUBLIC ON GUIDESTAR.ORG AND COPIES OF THE RETURN ARE AVAILABLE FROM THE FOUNDATION BY REQUEST. |
| FORM 990, PART IX, LINE 11G | NMTC FEES: PROGRAM SERVICE EXPENSES 76,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,400. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 77,109. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 77,109. REAL ESTATE SERVICES: PROGRAM SERVICE EXPENSES 12,062. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,062. |
| FORM 990, PART XI, LINE 9: | LOSS ON LEASE TERMINATION (NMTC UNWIND) -942,207. LOSS ON INVESTMENT IN BCCS INVESTMENT FUND, LLC (NMTC UNWIND) -5,008,590. FORGIVENESS OF DEBT (NMTC UNWIND) 991,000. |
| FORM 990, PART XII, LINE 2C: | NO CHANGE FROM LAST YEAR |
| 990, PART XI, LINE 8 | THE PRIOR PERIOD ADJUSTMENT OF $298,205, WAS A REDUCTION OF ACCRUED INTEREST RELATED TO THE FOUNDATION'S ON-GOING QZAB BOND FINANCING. |
| 990, PART XI, LINE 9 | THE OTHER CHANGES IN NET ASSETS TOTALING $(4,959,797) WERE PLANNED, AND WERE PART OF THE SUCCESSFUL UNWIND OF THE NEW MARKETS TAX CREDIT (NMTC) FINANCING STRUCTURE AND RELATED DISSOLUTION OF A QUALIFIED LOW-INCOME COMMUNITY BUSINESS (QALICB) LLC ENTITY IN ACCORDANCE WITH SECTION 45D OF THE INTERNAL REVENUE CODE. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| BOSTON COLLEGIATE CHARTER SCHOOL | ||||||||||
| 215 SYDNEY STREET | DORCHESTER | MA | 02125 | 043413649 | TO PREPARE STUDENTS FOR COLLEGE | MA | 170(B)(1)(A)(6) | N/A | N/A | 0 |
| BCCS MANAGEMENT CORPORATION | ||||||||||
| 215 SYDNEY STREET | DORCHESTER | MA | 02125 | 261925098 | TO MANAGE BCCS QALICB | MA | 501(C)(3) | 509(A)(3) | N/A | 0 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BCCS QALICB LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 SYDNEY STREET | AddressLine1Txt |
| City | DORCHESTER | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02125 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261925273 | EIN |
| Primary Activities | LEASING AND FINANCING | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | INVESTMENT | PredominantIncomeTypeTxt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BOSTON COLLEGIATE CHARTER SCHOOL | ||
| J | $621,983 | AMOUNT OF RENT PAID FROM SCHOOL |
| BOSTON COLLEGIATE CHARTER SCHOOL | ||
| B | $680,000 | AMOUNT OF GRANT TO SCHOOL |
| BOSTON COLLEGIATE CHARTER SCHOOL | ||
| J | $13,545,916 | AMOUNT OF CAPITAL LEASE OWED |
| BCCS QALICB LLC | ||
| C | $401,571 | AMOUNT OF GRANT RECEIVED |
| BCCS QALICB LLC | ||
| R | $5,008,590 | NMTC UNWIND -LIQUIDATION NOTE PMT |
| BCCS QALICB LLC | ||
| R | $14,907,000 | NMTC UNWIND - LEASE TERM. PMT |
Comments