Civic Intelligence

Boston Architectural College

EIN 04-2271070 • 501(c)3 • Boston, MA

Pub. 78 Eligible

View Organization Page

Profile

The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.

320 Newbury StreetBoston, MA 02115

www.the-bac.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.58x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

79th percentile

1.03x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

27th percentile

-2.7%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

81st percentile

$468,097

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

51st percentile

5.3%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

55th percentile

9.5%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$39,965,590

Up $1,994,110 (+5.3%) from 2024

Liabilities

Up

$23,122,241

Up $1,548,300 (+7.2%) from 2024

Net Assets

Up

$16,843,349

Up $445,810 (+2.7%) from 2024

Operations
Liabilities / Revenue79th percentileNet Margin27th percentile

Revenue

Up

$22,487,017

Up $1,957,749 (+9.5%) from 2024

Expenses

Up

$23,095,959

Up $1,261,099 (+5.8%) from 2024

Net Income

Up

-$608,942

Up $696,650 (+53%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $32,802,459Liabilities 2010: $19,095,833Net Assets 2010: $13,706,6262010Assets 2011: $32,543,414Liabilities 2011: $17,526,551Net Assets 2011: $15,016,8632011Assets 2012: $35,432,563Liabilities 2012: $19,719,366Net Assets 2012: $15,713,1972012Assets 2013: $36,258,958Liabilities 2013: $19,447,087Net Assets 2013: $16,811,8712013Assets 2014: $37,103,226Liabilities 2014: $18,931,096Net Assets 2014: $18,172,1302014Assets 2015: $36,095,248Liabilities 2015: $18,565,879Net Assets 2015: $17,529,3692015Assets 2016: $35,197,528Liabilities 2016: $18,287,406Net Assets 2016: $16,910,1222016Assets 2017: $34,033,183Liabilities 2017: $16,401,388Net Assets 2017: $17,631,7952017Assets 2018: $34,412,492Liabilities 2018: $15,924,757Net Assets 2018: $18,487,7352018Assets 2019: $33,787,011Liabilities 2019: $15,261,801Net Assets 2019: $18,525,2102019Assets 2020: $35,421,404Liabilities 2020: $16,884,587Net Assets 2020: $18,536,8172020Assets 2021: $43,735,977Liabilities 2021: $20,683,897Net Assets 2021: $23,052,0802021Assets 2022: $41,256,507Liabilities 2022: $19,829,803Net Assets 2022: $21,426,7042022Assets 2023: $37,810,886Liabilities 2023: $21,275,359Net Assets 2023: $16,535,5272023Assets 2024: $37,971,480Liabilities 2024: $21,573,941Net Assets 2024: $16,397,5392024Assets 2025: $39,965,590Liabilities 2025: $23,122,241Net Assets 2025: $16,843,3492025

Highlighted filing

2025

Assets$39,965,590
Liabilities$23,122,241
Net Assets$16,843,349
Open 2025 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $19,816,8842010Expenses 2011: $20,198,3982011Expenses 2012: $18,981,1922012Revenue 2013: $19,350,755Expenses 2013: $19,069,216Net Income 2013: $281,5392013Revenue 2014: $19,764,912Expenses 2014: $19,508,897Net Income 2014: $256,0152014Revenue 2015: $17,866,157Expenses 2015: $18,283,759Net Income 2015: -$417,6022015Revenue 2016: $17,679,530Expenses 2016: $17,896,395Net Income 2016: -$216,8652016Revenue 2017: $17,375,670Expenses 2017: $17,618,712Net Income 2017: -$243,0422017Revenue 2018: $17,831,851Expenses 2018: $17,347,474Net Income 2018: $484,3772018Revenue 2019: $18,115,622Expenses 2019: $18,036,592Net Income 2019: $79,0302019Revenue 2020: $18,305,462Expenses 2020: $18,837,727Net Income 2020: -$532,2652020Revenue 2021: $21,122,754Expenses 2021: $18,748,643Net Income 2021: $2,374,1112021Revenue 2022: $21,172,605Expenses 2022: $20,357,195Net Income 2022: $815,4102022Revenue 2023: $19,555,208Expenses 2023: $22,262,173Net Income 2023: -$2,706,9652023Revenue 2024: $20,529,268Expenses 2024: $21,834,860Net Income 2024: -$1,305,5922024Revenue 2025: $22,487,017Expenses 2025: $23,095,959Net Income 2025: -$608,9422025

Highlighted filing

2025

Revenue$22,487,017
Expenses$23,095,959
Net Income-$608,942
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,965,590
Liabilities
$23,122,241
Net assets
$16,843,349
Revenue
$22,487,017
Expenses
$23,095,959
Net income
-$608,942
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$40.0$23.1$16.8$22.5$23.1$0.61
2024Detailed filing. Detailed filing data is available for this year.$38.0$21.6$16.4$20.5$21.8$1.31
2023Detailed filing. Detailed filing data is available for this year.$37.8$21.3$16.5$19.6$22.3$2.71
2022Detailed filing. Detailed filing data is available for this year.$41.3$19.8$21.4$21.2$20.4$0.82
2021Detailed filing. Detailed filing data is available for this year.$43.7$20.7$23.1$21.1$18.7$2.37
2020Detailed filing. Detailed filing data is available for this year.$35.4$16.9$18.5$18.3$18.8$0.53
2019Detailed filing. Detailed filing data is available for this year.$33.8$15.3$18.5$18.1$18.0$0.08
2018Detailed filing. Detailed filing data is available for this year.$34.4$15.9$18.5$17.8$17.3$0.48
2017Detailed filing. Detailed filing data is available for this year.$34.0$16.4$17.6$17.4$17.6$0.24
2016Detailed filing. Detailed filing data is available for this year.$35.2$18.3$16.9$17.7$17.9$0.22
2015Detailed filing. Detailed filing data is available for this year.$36.1$18.6$17.5$17.9$18.3$0.42
2014Detailed filing. Detailed filing data is available for this year.$37.1$18.9$18.2$19.8$19.5$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.3$19.4$16.8$19.4$19.1$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.4$19.7$15.7$19.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$17.5$15.0$20.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$19.1$13.7$19.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 11, 2026
Return Version
2024v5.5
Gross Receipts
$22,487,017
Mission and Program Overview

Mission

The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.

Founded 131 years ago, the boston architectural college is a recognized institution providing excellence in practice-integrated design education to members of diverse communities with students representing 35 countries. The bac offers on-site and online bachelors and graduate degrees in architecture, interior architecture, landscape architecture, design studies, and continuing education. In 2005, the bac became the first institution in the u.s. To offer an accredited online degree in architecture. Ranked #1 for best graduate school for earning potential and #4 for best architecture school offering bachelor's degrees in the u.s.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,910,124$15,254,382▼ $655,742
Investments in Publicly Traded Securities$11,079,499$12,165,163▲ $1,085,664
Accounts Receivable$8,674,748$9,978,981▲ $1,304,233
Cash and Non-Interest-Bearing Accounts$1,475,532$1,810,517▲ $334,985
Pledges and Grants Receivable$582,354$450,970▼ $131,384
Prepaid Expenses and Deferred Charges$239,835$296,881▲ $57,046
Savings and Temporary Cash Investments$9,388$8,696▼ $692
Total Assets$37,971,480$39,965,590▲ $1,994,110
Liabilities
Deferred Revenue$10,185,699$11,964,948▲ $1,779,249
Tax Exempt Bond Liabilities$10,675,611$9,972,874▼ $702,737
Accounts Payable and Accrued Expenses$712,631$1,184,419▲ $471,788
Total Liabilities$21,573,941$23,122,241▲ $1,548,300
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,703,958$10,392,540▲ $688,582
Net Assets Without Donor Restrictions$6,693,581$6,450,809▼ $242,772
Total Net Assets Fund Balance$16,397,539$16,843,349▲ $445,810
Total Liabilities and Net Assets / Fund Balance$37,971,480$39,965,590▲ $1,994,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,917,294$18,943,061$25,860,355
Equipment$1,080,937$4,978,481$6,059,418
Land$5,522,337-$5,522,337
Other Land Buildings$1,733,814-$1,733,814

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$11,098,252$75,471▲ $1,345,707$333,203$12,186,227
2023$10,001,764$38,749▲ $1,412,742$355,003$11,098,252
2022$11,666,895$26,280▲ $1,087,982$2,779,393$10,001,764
2021$14,341,138$10,000▼ $2,296,995$387,348$11,666,795
2020$11,715,986$113,057▲ $673,829$623,317$11,879,555
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mahesh DaasPresidentFT$425,000$43,097$468,097
Maria ChapianVP of FinanceFT$190,000$33,659$223,659
James RyanVP for Strategic GrowthFT$170,000$32,105$202,105
Kellie BeanVP of Academic AffairsFT$170,000$15,225$185,225
Sarah HowardInterim VP of Institutional AdvancementFT$116,854$21,900$138,754
Bethany FantasiaSeinor Avp of Student ExperienceFT$110,000$26,167$136,167
JASON O'BRIENDirector Information TechnFT$120,310$14,218$134,528
Donald HunsickerDean Faculty Design StudieFT$113,000$21,155$134,155
Richard GriswoldAvp of Dean of StudentsFT$116,906$14,053$130,959
Lindsay HummerVP of Institutional AdvancFT$117,888$10,487$128,375
David HansenDirector of Fabrication & Academic TechnologyFT$114,153$13,884$128,037

Board Members and Trustees

NameTitle
Judith NitschChair
Marilyn Swartz-lloydVice Chair
Anddie Chan-pateraTrustee
Bridget WallaceTrustee
Cynthia KeliherTrustee
David ManfrediTrustee
Gianfranco ZaccaiTrustee
Inez StewartTrustee
John SwiftTrustee
Joshua BestTrustee
Katia LucicTrustee
Kishore VaranasiTrustee
Lee KennedyTrustee
Liz MinnisTrustee
Samira AhmadiTrustee
Shauna Gillies-smithTrustee
Srinivas ReddyTrustee
Valerie FletcherTrustee
James BarrettSecretary
Richard StroutTreasurer
Kevin SullivanTrsutee

Highest Paid Contractors

ContractorServicesLocationCompensation
00528 Emerson CollegeRent120 BOYLSTON STREET, Boston, MA 02116$624,116
Advantage Marketing LLCAdvertising Services1780 102ND AVENUE N 100, St Petersburg, FL 33716$540,759
00224 Consigli Construction Co INCConstruction72 SUMMER STREET, Milford, MA 01757$486,452
Longwood Security Service INCSecurity Guard Service429 NEWBURY STREET, Boston, MA 02115$339,153
Higher Education Assistance Group INCConsulting6- WALNUT STREET, Wellesley, MA 02481$168,080
Revenue and Support

Revenue Composition

Contributions and Grants
$933,979
Program Service Revenue
$21,258,420
Investment Income
$294,618
Other Revenue
$0
All Other Contributions
$933,979
Change in Net Assets
$-608,942

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,487,017
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,826,110
Total Revenue per Audited Statements
$20,660,907
Total Revenue per Form 990
$22,487,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,691,771
Other Expenses$7,523,326
Grants and Similar Amounts Paid$2,880,862
Total Fundraising Expense$489,219
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,933,709$4,047,850$194,846$9,176,405
Grants to Domestic Individuals$2,633,770--$2,633,770
Other Employee Benefits$1,148,079$1,012,068$60,027$2,220,174
Information Technology$1,175,627$159,092$15,678$1,350,397
Current Officers, Directors, Trustees, and Key Employees$246,863$911,218$137,111$1,295,192
Depreciation Depletion$1,027,378$238,656$10,524$1,276,558
Fees for Services Other$608,030$557,135$37,678$1,202,843
Advertising$6,500$596,272$2,953$605,725
Occupancy$473,319$107,774$10,340$591,433
Interest$355,852$82,663$3,645$442,160
Office Expenses$306,536$59,988$3,011$369,535
Foreign Grants$247,092--$247,092
Conferences and Meetings$120,254$34,403$10,715$165,372
Insurance$127,292$29,570$1,304$158,166
Other Expenses$23,873$65,624$741$89,497
All Other Expenses$23,990$32,277-$56,267
Travel$31,952$11,959$646$44,557
Total Functional Expenses$14,632,028$7,974,712$489,219$23,095,959

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,095,959
Total Expenses per Form 990$23,095,959
Total Expenses per Audited Statements$20,215,097
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-2,880,862
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BMassachusetts Development Finance Agent2017-01-04$9,365,668Acquisition/renovation of 951 boylston street and 320 newbury street refund
AMassachusetts Development Finance Agent2012-03-19$5,800,000Acquisition/renovation of 951 boylston street and 320 newbury street refund

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A---$116,000
B---$150,747

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board of trustees has directed the audit committee to review the form 990 on its behalf and upon its satisfaction forward it for execution to the president. The fully executed form 990 is sent to each member of the board of trustees prior to its submission to the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The bac conflict of interest policy applies to all covered trustees, overseers, members of committees with board delegated powers, officers, staff, part-time and full-time faculty, students, covered individual's family members, and affiliated organizations and persons. The policy is published several places but is most visibly published as part of the annual bac catalog located on the bac website. The policy is triggered whenever a covered individual has a direct or indirect financial, professional, or other interest in a matter that comes before the individual for consideration. The policy identifies three different categories of conflict situations which are: financial self dealing, professional /academic honors and recognition, and faculty-student relations. When a potential conflict of interest situation arises, either actual or perceived, a covered individual shall take some or all of the following actions: disclosure, recusal from voting or decision making while allowing some measure of discussion participation, or total recusal from discussion and decision making. Additionally, members of the board of trustees are required to file an annual conflict of interest disclosure statement disclosing personal, business, and organizational interests and affiliations including membership on boards of other nonprofit organizations. The chair of the board of trustees and the president review the statements and contact the affected person if there appears to be a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The benchmark for the president's salary is the cupa information on colleges and universities in new england of similar size. Those benchmarks greatly exceed what is affordable for the bac, thus the salary is based upon performance and budgetary constraints. The compensation committee assigned by the board of trustees for the purpose of reviewing salary benchmarks of peer institutes, determined that the salaries of other officers and key employees were consistent with these benchmarks.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Boston Architectural College
EIN
04-2271070
Phone
6172625000
Address
320 NEWBURY STREET, BOSTON, MA 02115

Signing Officer

Name
Mahesh Daas
Title
President
Phone
6172625000
Signed
2026-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mahesh Daas
Formed
1889
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
20
Employees
521
Volunteers
21

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL, PITTSFORD, NY 14534
Preparer
Kelsey Dempsey
Phone
5853811000
Supplemental Narrative

Additional Explanations

Form 990. Part XII, Line 2C

“The college has not changed its oversight or selection process during the year.”

Financial Statement Notes

PART III, LINE 4:

“Art and similar were held for public education and preservation.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SCHOLARSHIPS”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“SCHOLARSHIPS”

Raw XML AppendixShowing 400 of 921 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FOUNDED 131 YEARS AGO, THE BOSTON ARCHITECTURAL COLLEGE IS A RECOGNIZED INSTITUTION PROVIDING EXCELLENCE IN PRACTICE-INTEGRATED DESIGN EDUCATION TO MEMBERS OF DIVERSE COMMUNITIES WITH STUDENTS REPRESENTING 35 COUNTRIES. THE BAC OFFERS ON-SITE AND ONLINE BACHELORS AND GRADUATE DEGREES IN ARCHITECTURE, INTERIOR ARCHITECTURE, LANDSCAPE ARCHITECTURE, DESIGN STUDIES, AND CONTINUING EDUCATION. IN 2005, THE BAC BECAME THE FIRST INSTITUTION IN THE U.S. TO OFFER AN ACCREDITED ONLINE DEGREE IN ARCHITECTURE. RANKED #1 FOR BEST GRADUATE SCHOOL FOR EARNING POTENTIAL AND #4 FOR BEST ARCHITECTURE SCHOOL OFFERING BACHELOR'S DEGREES IN THE U.S.
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IRS990/Desc0THE BOSTON ARCHITECTURAL COLLEGE PROVIDES EXCELLENCE IN DESIGN EDUCATION EMERGING FROM PRACTICE AND ACCESSIBILITY TO DIVERSE COMMUNITIES. THE BOSTON ARCHITECTURAL COLLEGE'S FALL 2024 ENROLLMENT WAS 696 STUDENTS.
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