Blessed Stephen Bellesini O S A Academy Inc
- Assets
- $4.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Lawrence, MA
- Founding
- 07/2002
- Data as of
- 06/2022
- EIN
- 04-3585445
Organization Overview
Blessed Stephen Bellesini O S A Academy Inc is located in Lawrence, MA. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Blessed Stephen Bellesini O S A Academy Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessed Stephen Bellesini O S A Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Blessed Stephen Bellesini O S A Academy Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY SCHOLARSHIP EDUCATION TO BOYS AND GIRLS FROM LIMITED FINANCIAL MEANS LIVING IN LAWRENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A QUALITY SCHOLARSHIP EDUCATION TO BOYS AND GIRLS FROM LIMITED FINANCIAL MEANS LIVING IN LAWRENCE.
DEPRECIABLE ASSETS UTILIZED IN THE EDUCATION OF THE STUDENTS OF THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajita Bhat Trustee | Trustee | $0 | |
Firdaus Bhathena Trustee | Trustee | $0 | |
Don Bulens Chairman | Trustee | $0 | |
Jocelyn Cascio Vice Chair | OfficerTrustee | $0 | |
Lynette Cavenaugh Trustee | Trustee | $0 | |
Larry Dube Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $310,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,372,463 |
| Total Program Service Revenue | $30,069 |
| Investment income | $322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,402,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,046,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,320 |
| Payroll taxes | $80,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,707 |
| Information technology | $5,213 |
| Royalties | $0 |
| Occupancy | $96,477 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,717 |
| Insurance | $0 |
| All other expenses | $31,059 |
| Total functional expenses | $1,582,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $394,544 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,937 |
| Net Land, buildings, and equipment | $3,325,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,363,395 |
| Accounts payable and accrued expenses | $152,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $350,970 |
| Other liabilities | $0 |
| Total liabilities | $503,328 |
| Net assets without donor restrictions | $2,998,229 |
| Net assets with donor restrictions | $861,838 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,363,395 |