Civic Intelligence

The Bell Foundation Inc

990 • Fiscal year 2014 • EIN 04-3182053

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 23, 2015

60 Clayton StreetNeedham, MA 02122

(617) 282-1567

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.34x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.27x

Higher debt load relative to revenue than 52% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$240,408

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

44th percentile

1.8%

Faster asset growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

0.8%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$14,466,107

Up $259,257 (+1.8%) from 2013

Net Assets

Down

$9,540,255

Down $2,413,205 (-20%) from 2013

Liabilities

Up

$4,925,852

Up $2,672,462 (+119%) from 2013

Revenue

Up

$18,074,101

Up $140,333 (+0.8%) from 2013

Expenses

Down

$20,487,306

Down $435,317 (-2.1%) from 2013

Net Income

Up

-$2,413,205

Up $575,650 (+19%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $13,178,333Liabilities 2011: $2,354,205Net Assets 2011: $10,824,1282011Assets 2012: $17,433,501Liabilities 2012: $2,491,186Net Assets 2012: $14,942,3152012Assets 2013: $14,206,850Liabilities 2013: $2,253,390Net Assets 2013: $11,953,4602013Assets 2014: $14,466,107Liabilities 2014: $4,925,852Net Assets 2014: $9,540,2552014Assets 2015: $13,279,097Liabilities 2015: $3,426,087Net Assets 2015: $9,853,0102015Assets 2016: $12,668,028Liabilities 2016: $2,502,916Net Assets 2016: $10,165,1122016Assets 2017: $16,149,317Liabilities 2017: $2,973,636Net Assets 2017: $13,175,6812017Assets 2018: $18,977,709Liabilities 2018: $2,586,515Net Assets 2018: $16,391,1942018Assets 2019: $20,038,290Liabilities 2019: $1,748,434Net Assets 2019: $18,289,8562019Assets 2020: $24,763,980Liabilities 2020: $3,480,785Net Assets 2020: $21,283,1952020Assets 2021: $26,190,550Liabilities 2021: $957,463Net Assets 2021: $25,233,0872021Assets 2022: $40,262,816Liabilities 2022: $2,191,617Net Assets 2022: $38,071,1992022Assets 2023: $29,219,180Liabilities 2023: $2,763,460Net Assets 2023: $26,455,7202023Assets 2024: $18,472,676Liabilities 2024: $1,983,167Net Assets 2024: $16,489,5092024

Highlighted filing

2014

Assets$14,466,107
Liabilities$4,925,852
Net Assets$9,540,255

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2011: $21,333,0572011Expenses 2012: $24,024,0292012Revenue 2013: $17,933,768Expenses 2013: $20,922,623Net Income 2013: -$2,988,8552013Revenue 2014: $18,074,101Expenses 2014: $20,487,306Net Income 2014: -$2,413,2052014Revenue 2015: $21,206,775Expenses 2015: $20,894,020Net Income 2015: $312,7552015Revenue 2016: $19,772,247Expenses 2016: $19,460,145Net Income 2016: $312,1022016Revenue 2017: $19,571,479Expenses 2017: $16,560,910Net Income 2017: $3,010,5692017Revenue 2018: $19,216,083Expenses 2018: $16,000,570Net Income 2018: $3,215,5132018Revenue 2019: $17,279,357Expenses 2019: $15,380,695Net Income 2019: $1,898,6622019Revenue 2020: $17,772,880Expenses 2020: $14,779,541Net Income 2020: $2,993,3392020Revenue 2021: $19,692,109Expenses 2021: $13,465,581Net Income 2021: $6,226,5282021Revenue 2022: $34,242,762Expenses 2022: $21,404,650Net Income 2022: $12,838,1122022Revenue 2023: $13,528,408Expenses 2023: $25,143,887Net Income 2023: -$11,615,4792023Revenue 2024: $13,795,736Expenses 2024: $23,761,947Net Income 2024: -$9,966,2112024

Highlighted filing

2014

Revenue$18,074,101
Expenses$20,487,306
Net Income-$2,413,205
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 23, 2015
Return Version
2013v4.0
Gross Receipts
$18,074,101
Mission and Program Overview

Mission

To transform the academic achievements, self-confidence, and life trajectories of children living in under-resourced communities. Because bell believes in the tremendous potential of all children to excel, it recognizes them as scholars.

Bell exists to transform the academic achievements, self-confidence, and life trajectories of children living in under-resourced, urban communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,222,780$4,327,199▼ $3,895,581
Accounts Receivable$2,491,880$3,787,336▲ $1,295,456
Pledges and Grants Receivable$1,908,040$3,555,531▲ $1,647,491
Cash and Non-Interest-Bearing Accounts-$1,358,945-
Prepaid Expenses and Deferred Charges$1,138,187$1,070,867▼ $67,320
Land, Buildings, and Equipment, Net$276,672$207,222▼ $69,450
Total Assets$14,206,850$14,466,107▲ $259,257
Other Assets Total$169,291$159,007▼ $10,284
Liabilities
Accounts Payable and Accrued Expenses$1,881,808$2,150,296▲ $268,488
Mortgage Notes Payable Secured by Investment Property-$2,000,000-
Deferred Revenue$371,582$775,556▲ $403,974
Total Liabilities$2,253,390$4,925,852▲ $2,672,462
Net Assets / Fund Balance
Unrestricted Net Assets$4,775,955$4,991,835▲ $215,880
Temporarily Rstr Net Assets$7,177,505$4,548,420▼ $2,629,085
Total Net Assets Fund Balance$11,953,460$9,540,255▼ $2,413,205
Total Liabilities and Net Assets / Fund Balance$14,206,850$14,466,107▲ $259,257

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$150,236$2,174,000$2,324,236
Leasehold Improvements$56,986$117,730$174,716
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tiffany C GueyePres/CEOFT$235,592$4,816$240,408
Lauren GilbertTreas/clerk/FT$187,093$14,866$201,959
Antonio BattagliaTreas/clerk/COO-$187,093$16,190$201,959
Joseph Small JrVP of PrograFT$148,831$12,921$161,752
Lauren GilbertVP of Program-$148,831$12,921$161,752
Susan BonaiutoVP Human ResFT$139,776$16,147$155,923
David JonesVP Human Res-$139,776$14,823$155,923
David JonesVP of SchoolFT$142,695$3,384$146,079
-Chief Dev ofFT$122,767$10,719$133,486
Anne CademenosNe Exec DireFT$129,234$992$130,226

Board Members and Trustees

NameTitle
John KimChair
Donald ManekinVice Chair
Antonio BattagliaDirector
Chris BulgerDirector
Chris PielaDirector
Garret SmithDirector
Gene GuillDirector
Justin SadrianDirector
Kathleen KelleyDirector
Lauren SmithDirector
Nicholas BogardDirector
Paula ArrojoDirector
Soren ObergDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
MdrcProgram Eval-$191,706
EcratchitFinancial Con-$173,231
Development Guildddi INCExecutive Searc-$102,250
Revenue and Support

Revenue Composition

Contributions and Grants
$18,003,404
Program Service Revenue
$0
Investment Income
$819
Other Revenue
$69,878
All Other Contributions
$8,257,080
Change in Net Assets
$-2,413,205

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,074,101
Revenue Not Reported on Form 990
$988,618
Total Revenue per Audited Statements
$19,062,719
Total Revenue per Form 990
$18,074,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,286,341
Other Expenses$6,200,965
Total Fundraising Expense$659,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,992,265$713,280$340,840$12,046,385
Office Expenses$2,199,092$243,608$88,321$2,531,021
Payroll Taxes$1,122,888$84,857$25,508$1,233,253
Fees for Services Other$888,631$137,835$41,466$1,067,932
Occupancy$488,002$122,783$36,908$647,693
Other Employee Benefits$414,576$84,966$36,311$535,853
Information Technology$319,251$142,959$42,973$505,183
Current Officers, Directors, Trustees, and Key Employees-$456,424-$456,424
Other Expenses$438,796--$438,796
Travel$335,683$63,541$19,100$418,324
Conferences and Meetings$238,062--$238,062
Depreciation Depletion$56,929$52,129$15,670$124,728
Insurance$96,082$16,681$5,014$117,777
Interest$26,571$24,331$7,314$58,216
Advertising$33,448--$33,448
Fees for Services Accounting-$19,785-$19,785
Pension Plan Contributions$14,426--$14,426
Total Functional Expenses$17,664,702$2,163,179$659,425$20,487,306

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,475,924
Expenses per Audited Statements$20,487,306
Total Expenses per Form 990$20,487,306
Expenses Not Reported on Form 990$988,618
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Donald Manekin40% INTEREST LLRental of SpaceNo$20,700
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 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, Page 6, Part VI, Line 2

John kim garrett smith ceo managing dir manager reports to ceo

Form 990, Page 6, Part VI, Line 11B

The organization distributes a copy of the 990 to members of the board of directors and invites comments from them prior to finalizing the form 990. Prior to the form 990 being provided to the board, the 990 was reviewed in detail by bell's coo and controller.

Form 990, Page 6, Part VI, Line 12C

Annually, each board member, officer and key employees discuss conflicts of interest with bell's leadership and submits updates to related party questionnaire disclosures.

Form 990, Page 6, Part VI, Line 15A

Annually in the fall, the governance committee reviews compensation packages of the bell executive management team: chief executive officer, chief operating officer, chief development officer, vice president of national program operations and the vice president of human resources. This process was most recently completed in the fall of 2015 and fall of 2014.

Form 990, Page 6, Part VI, Line 15B

Annually in the fall, the governance committee reviews compensation packages of the bell executive management team: chief executive officer, chief operating officer, chief development officer, vice president of national program operations and the vice president of human resources. This process was most recently completed in the fall of 2015 and fall of 2014.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon written request.

Filing and Contact Details

Filer

EIN
04-3182053
Phone
6172821567

Signing Officer

Name
Antonio Battaglia
Title
Treasurer/COO
Phone
6172821567
Signed
2015-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antonio Battaglia
Formed
1992
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
11
Employees
1,767
Volunteers
224

Preparer

Preparer
Theresa J Creeden
Phone
7813440850
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The organization receives the services of teachers, tutors, and site managers at no cost from around the country in their programs. Their value is estimated at 988,618.

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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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREAS/CLERK/
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF PROGRA
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP HUMAN RES
IRS990/Form990PartVIISectionAGrp/TitleTxt18NE EXEC DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF DEV OF
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IRS990/MissionDesc0BELL EXISTS TO TRANSFORM THE ACADEMIC ACHIEVEMENTS, SELF-CONFIDENCE, AND LIFE TRAJECTORIES OF CHILDREN LIVING IN UNDER-RESOURCED, URBAN COMMUNITIES.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0GROSS FUNDRAISING EVENT FEES 642,290
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt021839059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016374848
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.5$1.98$16.5$13.8$23.8$9.97
2023Detailed filing. Detailed filing data is available for this year.$29.2$2.76$26.5$13.5$25.1$11.6
2022Detailed filing. Detailed filing data is available for this year.$40.3$2.19$38.1$34.2$21.4$12.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.2$0.96$25.2$19.7$13.5$6.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$3.48$21.3$17.8$14.8$2.99
2019Detailed filing. Detailed filing data is available for this year.$20.0$1.75$18.3$17.3$15.4$1.90
2018Detailed filing. Detailed filing data is available for this year.$19.0$2.59$16.4$19.2$16.0$3.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$2.97$13.2$19.6$16.6$3.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$2.50$10.2$19.8$19.5$0.31
2015Detailed filing. Detailed filing data is available for this year.$13.3$3.43$9.85$21.2$20.9$0.31
2014Detailed filing. Detailed filing data is available for this year.$14.5$4.93$9.54$18.1$20.5$2.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$2.25$12.0$17.9$20.9$2.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$2.49$14.9$24.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$2.35$10.8$21.3