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BOSTON SCHOOLS FUND INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BOSTON SCHOOLS FUND INC (EIN 47-3093274)
Tax period
2015-02-06 to 2015-06-30
Filed
2015-12-01
IRS object ID
201533359349200603
Schema version
2014v5.0
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

FieldValueIRS element (for citing)
Return2015-12-01T10:47:00-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

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 Type990EZReturnTypeCd
Tax Period Begin2015-02-06TaxPeriodBeginDt

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 8AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02131ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBENJAMIN WELLSPersonNm
Person TitlePRESIDENT, TREASURER & CEOPersonTitleTxt
Phone6172164567PhoneNum
Signature2015-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS WASHBURN CPAPreparerPersonNm
PTINP00537319PTIN
Phone5083669100PhoneNum
Preparation2015-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.BOSTONSCHOOLSFUND.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$125,004GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$125,000ContributionsGiftsGrantsEtcAmt
Investment Income$4InvestmentIncomeAmt
Total Revenue$125,004TotalRevenueAmt
Benefits Paid To Or For Members$0BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$41,934SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$6,821FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$0PrintingPublicationsPostageAmt
Other Expenses Total$4,169OtherExpensesTotalAmt
Total Expenses$52,924TotalExpensesAmt
Excess Or Deficit For Year$72,080ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$0NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$72,080NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$123,593EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$9,940EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$133,533EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$61,453EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$72,080EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeBOSTON SCHOOLS FUND INC. PROVIDES SIGNIFICANT FINANCIAL AND ADMINISTRATIVE SUPPORT THAT WILL AIM TO INCREASE THE NUMBER OF SEATS IN BOSTON'S HIGH-PERFORMING DISTRICT, CHARTER, AND CATHOLIC SCHOOLS BY ALMOST ONE-THIRD OVER THE NEXT FIVE YEARS, PUTTING BOSTON ON TRACK TO OFFER A HIGH-PERFORMING SCHOOL TO THE MAJORITY OF ITS CHILDREN BY 2025. OUR PURPOSE IS DRIVEN BY THE BELIEF THAT A CHILD'S ACCESS TO AN EXCELLENT EDUCATION AND THE POTENTIAL FOR A BRIGHT AND PRODUCTIVE FUTURE SHOULD NOT BE DETERMINED BY THAT CHILD'S STREET ADDRESS, BACKGROUND, THE CAREERS OF THEIR PARENTS OR GUARDIANS, OR THE LUCK OF THE DRAW. BOSTON SCHOOLS FUND INC.'S BROAD ASPIRATION IS FUELED BY A NARROW VISION, BUILT AROUND THREE FUNDING FOCUSES: SCHOOLS, TALENT, AND POLICY. TAKEN TOGETHER, THESE STRATEGIES WILL PROVIDE MORE OF BOSTON'S CHILDREN WITH A TRANSFORMATIONAL SCHOOL EXPERIENCE.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomSINCE INCEPTION, BOSTON SCHOOLS FUND INC. BEGAN A STRATEGIC PLANNING PROCESS TO DEFINE ITS KEY PRIORITIES FOR THE NEXT TWENTY-FOUR MONTHS. ADDITIONALLY, BOSTON SCHOOLS FUND, INC. DEVELOPED A COMPREHENSIVE ANALYSIS OF DISTRICT, CHARTER, AND CATHOLIC SCHOOL LANDSCAPE TO IDENTIFY HIGH-PERFORMING SCHOOLS IN EACH SECTOR IN ORDER TO ACHIEVE THE GOAL OF GROWING QUALITY SEATS IN BOSTON'S SCHOOLS BY OVER 7,000. BOSTON SCHOOLS FUND, INC. ALSO CREATED A RIGOROUS DILIGENCE PROCESS FOR SCHOOL AND TALENT INVESTMENTS TO PREPARE FOR THE FIRST ROUND OF INVESTMENTS IN FISCAL YEAR 2016.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$52,924ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$52,924TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KATHRYN EVERETT
CHAIRPERSON5.00$0$0$0
WILLIAM AUSTIN
PRESIDENT, TREASURER AND CEO50.00$13,417$1,448$0
BENJAMIN WELLS
CLERK AND COO50.00$10,750$513$0
BRYANT JONES
CHIEF OF STAFF50.00$8,750$56$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BENJAMIN WELLS CLERK AND COOBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line131 HEATH STREET NO 8AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02131ZIPCd
FieldValueIRS element (for citing)
Phone6172164567PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Other Employee Paid Over100k0OtherEmployeePaidOver100kCnt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year$125,000CurrentTaxYearAmt
Total$125,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year$125,000CurrentTaxYearAmt
Total$125,000TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$125,000PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$4CurrentTaxYearAmt
Total$4TotalAmt
FieldValueIRS element (for citing)
Total Support$125,004TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART IIFormAndLineReferenceDesc
ExplanationTHE CURRENT FISCAL YEAR IS BOSTON SCHOOLS FUND, INC.'S FIRST TAX YEAR, THUS, FINANCIAL INFORMATION FOR TAX YEARS 2010-2013 IS NOT AVAILABLE.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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST INCOME. AMOUNT: 4.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: LIABILITY INSURANCE. AMOUNT: 117. DESCRIPTION: COMPUTER, SOFTWARE AND IT EXPENSE. AMOUNT: 110. DESCRIPTION: DEPRECIATION. AMOUNT: 43. DESCRIPTION: AMORTIZATION. AMOUNT: 34. DESCRIPTION: TRAVEL. AMOUNT: 29. DESCRIPTION: BANK SERVICE CHARGE. AMOUNT: 14. DESCRIPTION: PAYROLL TAXES. AMOUNT: 3,822. TOTAL TO FORM 990-EZ, LINE 16: 4,169.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: PREPAID INSURANCE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,281. DESCRIPTION: OTHER DEPRECIABLE ASSETS, NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 8,659.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCRUED PAYROLL. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 49,533. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 11,920.

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