Boston Collegiate Charter School Foundation Inc
- Assets
- $32.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Dorchester, MA
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 06-1503911
Organization Overview
Boston Collegiate Charter School Foundation Inc is located in Dorchester, MA. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Collegiate Charter School Foundation 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, Boston Collegiate Charter School Foundation Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 10.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 PROMOTE THE FINANCIAL WELL-BEING OF BOSTON COLLEGIATE CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION (THE FOUNDATION) SUPPORTS BOSTON COLLEGIATE CHARTER SCHOOL BY PROVIDING PHILANTHROPIC DOLLARS, FACILITIES, AND LEADERSHIP. IN FY22, PHILANTHROPIC FUNDS FROM THE FOUNDATION PROVIDED BOTH RESTRICTED AND UNRESTRICTED BUDGET OFFSETTO THE SCHOOL FOR ACTIVITIES OUTSIDE OF THE SCHOOL'S CORE ACADEMIC PROGRAM. EXAMPLES OF INITIATIVES FUNDED BY PHILANTHROPY IN FY22 INCLUDE, BUT ARE NOT LIMITED TO: ALUMNI SUPPORT; COLLEGE AND CAREER EXPOSURE; SOCIAL EMOTIONAL LEARNING INTERVENTIONS; DIVERSITY, EQUITY, AND INCLUSION TRAINING; AND THE SCHOOL'S STUDENTS IN NEED PROGRAM, WHICH PROVIDES BASIC NEEDS--SUCH AS WINTER COATS, UNIFORMS, AND SCHOOL SUPPLIES -- TO STUDENTS AND FAMILIES WHO ARE STRUGGLING FINANCIALLY.THE BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION SUPPORTS THE SCHOOL'S OVERALL MISSION OF PREPARING EACH OF ITS 700 STUDENTS FOR COLLEGE. WITH SUPPORT FROM THE FOUNDATION, BOSTON COLLEGIATE IS PROUD OF THE FOLLOWING ACCOMPLISHMENTS ACHIEVED IN FY22:- FOR THE NINETEENTH CONSECUTIVE YEAR, 100% OF BOSTON COLLEGIATE'S DIPLOMA-EARNING GRADUATES EARNED ACCEPTANCE TO A FOUR-YEAR COLLEGE;- MEMBERS OF THE BCCS CLASS OF 2022 EARNED ADMITTANCE TO NORTHEASTERN UNIVERSITY, TUFTS UNIVERSITY, AND UCLA, AS WELL AS EVERY SCHOOL WITHIN THE UNIVERSITY OF MASSACHUSETTS STATE SCHOOL SYSTEM;- IN A DEMONSTRATION OF ITS COMMITMENT TO ISSUES OF DIVERSITY, EQUITY, AND INCLUSION, 92% OF BOSTON COLLEGIATE'S STAFF COMPLETED TIER ONE RESTORATIVE JUSTICE TRAINING IN PARTNERSHIP WITH SUFFOLK UNIVERSITY'S CENTER FOR RESTORATIVE JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cassidy President And Chair | OfficerTrustee | 2 | $0 |
Chris Churchill Clerk | OfficerTrustee | 0.5 | $0 |
Rob Lawrence Treasurer | OfficerTrustee | 0.5 | $0 |
Susan Fortin Director | Trustee | 0.5 | $0 |
Nina Ross Director | Trustee | 0.5 | $0 |
Haven Ladd Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,282,592 |
| Noncash contributions included in lines 1a–1f | $29,991 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,282,592 |
| Total Program Service Revenue | $0 |
| Investment income | $82,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,086,600 |
| 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 | $2,471,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $701,654 |
| Grants and other assistance to domestic individuals. | $29,681 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $1,681 |
| Fees for services: Accounting | $6,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,404 |
| Advertising and promotion | $7,020 |
| Office expenses | $22,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $254,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $883,687 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,131,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,682,629 |
| Pledges and grants receivable | $83,334 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $668,781 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,435 |
| Net Land, buildings, and equipment | $26,369,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,825,915 |
| Accounts payable and accrued expenses | $30,952 |
| Grants payable | $0 |
| Deferred revenue | $3,544,888 |
| Tax-exempt bond liabilities | $10,928,854 |
| 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 | $0 |
| Other liabilities | $567,630 |
| Total liabilities | $15,072,324 |
| Net assets without donor restrictions | $16,939,932 |
| Net assets with donor restrictions | $813,659 |
| 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 | $32,825,915 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Boston Collegiate Charter School Foundation Inc has recieved totaling $446,299.
| Awarding Organization | Amount |
|---|---|
Linde Family Foundation Boston, MA PURPOSE: GENERAL OPERATIONS | $135,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $65,000 |
Barr Foundation Boston, MA PURPOSE: SECTOR EFFECTIVENESS: TO PROVIDE SUPPLEMENTAL GRANT SUPPORT FOR PARTICIPATION IN THE BARR FELLOWSHIP CLASS OF 2019 DUE TO THE COVID-19 PANDEMIC | $50,000 |
Shippy Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
One8 Foundation Boston, MA PURPOSE: EDUCATION | $32,050 |
The Morningside Foundation Newton Centre, MA PURPOSE: GENERAL USE - EDUCATION | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
Dudley Square Realty Corporation Boston, MA | $98,074,702 | $123 |
Auxiliary Campus Enterprises And Services State University College Alfred, NY | $11,814,689 | $16,740,654 |
College Of Staten Island Auxiliary Services Corp Inc Staten Island, NY | $62,695,629 | $9,780,570 |
American Friends Of The National Gallery London Inc New York, NY | $305,852,204 | $2,300,126 |
Auxiliary Services Corporation Of Suny Cortland Cortland, NY | $19,099,097 | $10,450,642 |
The Roosevelt Institute New York, NY | $39,947,474 | $14,561,739 |
Empire Commons Student Housing Inc Albany, NY | $47,889,992 | $16,000,956 |
Prep For Prep New York, NY | $67,702,952 | $11,458,262 |