Brooke School Foundation
- Assets
- $40.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Roslindale, MA
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 30-0015324
Organization Overview
Brooke School Foundation is located in Roslindale, MA. The organization was established in 2002. 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. Brooke School Foundation 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, Brooke School Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.1m 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
PROMOTE THE FINANCIAL WELL-BEING AND PROVIDE FINANCIAL SUPPORT TO THE BROOKE CHARTER SCHOOLS, THEIR STUDENTS, AND THEIR GRADUATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE FINANCIAL WELL-BEING OF THE BROOKE CHARTER SCHOOLS BY SOLICITING, RECEIVING, AND ADMINISTERING FUNDS FOR THE CONSTRUCTION, OPERATION, AND MAINTAINENCE OF THE SCHOOLS AND TO ENGAGE IN ANY OTHER CHARITABLE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Desantis Treasurer | OfficerTrustee | 0.5 | $0 |
Jacob Grossman President | OfficerTrustee | 0.5 | $0 |
Jon Clark Clerk | OfficerTrustee | 0.5 | $0 |
Abbey Shavell Director | Trustee | 0.5 | $0 |
Kimberly Steadman 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 | $1,706,877 |
| Noncash contributions included in lines 1a–1f | $33,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,877 |
| Total Program Service Revenue | $0 |
| Investment income | $1,599,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,303 |
| 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 | $3,752,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $817,443 |
| Grants and other assistance to domestic individuals. | $14,105 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,600 |
| 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 | $0 |
| 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 | $108,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,872 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,128,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,844,835 |
| Pledges and grants receivable | $844,960 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,247,697 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,596,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,662 |
| Total assets | $40,538,327 |
| Accounts payable and accrued expenses | $36,960 |
| Grants payable | $0 |
| Deferred revenue | $6,920,638 |
| 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 | $4,508,606 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,206,327 |
| Total liabilities | $12,672,531 |
| Net assets without donor restrictions | $25,622,132 |
| Net assets with donor restrictions | $2,243,664 |
| 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 | $40,538,327 |
Grants Awarded
Over the last fiscal year, Brooke School Foundation has awarded $1,511,104 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKE CHARTER SCHOOL ROSLINDALE PURPOSE: PROVIDE FINANCIAL SUPPORT TO BROOKE CHARTER SCHOOL ROSLINDALE. | $1,415,860 |
BROOKE CHARTER SCHOOL EAST BOSTON PURPOSE: PROVIDE FINANCIAL SUPPORT TO BROOKE CHARTER SCHOOL EAST BOSTON. | $59,294 |
BROOKE CHARTER SCHOOL MATTAPAN PURPOSE: PROVIDE FINANCIAL SUPPORT TO BROOKE CHARTER SCHOOL MATTAPAN. | $35,950 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Brooke School Foundation has recieved totaling $1,381,932.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: CONSTRUCTION | $500,000 |
Fidelity Foundation Boston, MA PURPOSE: CONSTRUCTION | $375,000 |
One8 Foundation Boston, MA PURPOSE: EDUCATION | $300,000 |
Linde Family Foundation Boston, MA PURPOSE: COMPUTER SCIENCE AT BROOKE HIGH SCHOOL | $80,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $58,326 |
Oneworld Boston Inc Woburn, MA PURPOSE: EDUCATIONAL PROGRAMMING | $35,000 |
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 |