2016-05-06T10:40:58-05:00 2015-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-07-01 061503911 BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION INC BOST 6172651172 215 SYDNEY STREET DORCHESTER MA 02125 SHANNAH VARON EXECUTIVE DIRECTOR 6172651172 2016-05-06 1 CHARLES J WEBB P01584539 5083669100 2016-05-05 2014 2016-08-17 19:52:53Z SHANNAH VARON 215 SYDNEY STREET DORCHESTER MA 02125 2361429 0 X BOSTONCOLLEGIATE.ORG X 1998 MA 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. 5 5 0 0 0 0 1254050 802221 922824 659041 448900 679263 24611 175765 2650385 2316290 396323 680000 0 0 0 0 0 0 0 579495 605947 975818 1285947 1674567 1030343 33729643 28924940 12812815 11639361 20916828 17285579 X 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. 0 0 1274591 680000 768295 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. 1274591 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 1 1 0 0 0 0 X 5 5 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X THE CORPORATION 6172651172 215 SYDNEY STREET DORCHESTER MA 02125 X BRETT PEISER DIRECTOR 0.50 X 0 0 0 NEIL OLKEN TREASURER 0.50 X X 0 0 0 SUSAN FORTIN PRESIDENT 0.50 X X 0 0 0 CHRIS CHURCHILL CLERK 0.50 X X 0 0 0 CHARLES CASSIDY DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 33200 769021 802221 LOAN PARTICIPATION INT 999999 659041 659041 659041 679263 679263 111650 33200 45139 66511 66511 NMTC UNWIND SURPLUS 999999 94254 94254 MISCELLANEOUS 999999 15000 15000 109254 2316290 768295 0 745774 X 680000 680000 289 289 11067 11067 165571 165571 14657 14657 240759 240759 173604 173604 1285947 1274591 11356 0 13984114 9456436 9694 84694 1267833 13545916 3347 3868 6608009 773983 4607630 5834026 13857025 0 33729643 28924940 7020 0 11735798 11599675 1069997 39686 12812815 11639361 X 20907134 17200885 9694 84694 20916828 17285579 33729643 28924940 X 1030343 298205 -4959797 X X 0 1 X 1 0 X 944739 955363 385214 1254050 802221 4341587 944739 955363 385214 1254050 802221 4341587 3018919 1322668 429434 444237 455468 448900 679263 2457302 109254 109254 6908143 4337212 0.19150 0.19750 X 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1400000 1400000 5208009 773983 4434026 5834026 DUE TO BCCS 39686 39686 TRIVIA NIGHT 144850 33200 111650 8996 30338 5805 144850 33200 111650 8996 30338 5805 45139 66511 1 BOSTON COLLEGIATE CHARTER SCHOOL 215 SYDNEY STREET DORCHESTER MA 02125 043413649 170(B)(1)(A)(II) 680000 N/A N/A OPERATING SUPPORT TO THE SCHOOL PART I, LINE 2: THE GRANT FUNDS ARE MONITORED AND APPROVED BY THE BOARD OF TRUSTEES. 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. 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 BCCS QALICB LLC 215 SYDNEY STREET DORCHESTER MA 02125 261925273 LEASING AND FINANCING MA NO INVESTMENT 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 BOSTON COLLEGIATE CHARTER SCHOOL J 621983 AMOUNT OF RENT PAID FROM SCHOOL BOSTON COLLEGIATE CHARTER SCHOOL B 680000 AMOUNT OF GRANT TO SCHOOL BOSTON COLLEGIATE CHARTER SCHOOL J 13545916 AMOUNT OF CAPITAL LEASE OWED BCCS QALICB LLC C 401571 AMOUNT OF GRANT RECEIVED BCCS QALICB LLC R 5008590 NMTC UNWIND -LIQUIDATION NOTE PMT BCCS QALICB LLC R 14907000 NMTC UNWIND - LEASE TERM. PMT