Civic Intelligence

Brookline High School 21St Century Fund Inc.

990 • Fiscal year 2016 • EIN 04-3402735

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

115 Greenough StreetBrookline, MA 02445

(617) 713-5201

Siviq Scores

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

Liabilities / Assets

69th percentile

0.18x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

0.38x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

20th percentile

-7.2%

Faster asset growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

66%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$755,723

Down $58,717 (-7.2%) from 2015

Net Assets

Down

$617,031

Down $80,534 (-12%) from 2015

Liabilities

Up

$138,692

Up $21,817 (+19%) from 2015

Revenue

Up

$363,119

Up $143,737 (+66%) from 2015

Expenses

Down

$448,304

Down $23,956 (-5.1%) from 2015

Net Income

Up

-$85,185

Up $167,693 (+66%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,336,250Liabilities 2011: $183,870Net Assets 2011: $1,152,3802011Assets 2012: $1,263,931Liabilities 2012: $154,294Net Assets 2012: $1,109,6372012Assets 2013: $1,214,062Liabilities 2013: $149,101Net Assets 2013: $1,064,9612013Assets 2014: $955,625Liabilities 2014: $17,902Net Assets 2014: $937,7232014Assets 2015: $814,440Liabilities 2015: $116,875Net Assets 2015: $697,5652015Assets 2016: $755,723Liabilities 2016: $138,692Net Assets 2016: $617,0312016Assets 2017: $636,971Liabilities 2017: $2,994Net Assets 2017: $633,9772017Assets 2018: $703,431Liabilities 2018: $3,245Net Assets 2018: $700,1862018Assets 2019: $894,333Liabilities 2019: $3,121Net Assets 2019: $891,2122019Assets 2020: $902,417Liabilities 2020: $3,608Net Assets 2020: $898,8092020Assets 2021: $1,002,864Liabilities 2021: $2,384Net Assets 2021: $1,000,4802021Assets 2022: $921,486Liabilities 2022: $2,627Net Assets 2022: $918,8592022Assets 2023: $904,037Liabilities 2023: $1,937Net Assets 2023: $902,1002023Assets 2024: $909,853Liabilities 2024: $1,611Net Assets 2024: $908,2422024Assets 2025: $978,423Liabilities 2025: $4,006Net Assets 2025: $974,4172025

Highlighted filing

2016

Assets$755,723
Liabilities$138,692
Net Assets$617,031

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $491,8482011Expenses 2012: $556,0092012Revenue 2013: $450,307Expenses 2013: $545,313Net Income 2013: -$95,0062013Revenue 2014: $305,198Expenses 2014: $520,574Net Income 2014: -$215,3762014Revenue 2015: $219,382Expenses 2015: $472,260Net Income 2015: -$252,8782015Revenue 2016: $363,119Expenses 2016: $448,304Net Income 2016: -$85,1852016Revenue 2017: $364,264Expenses 2017: $355,594Net Income 2017: $8,6702017Revenue 2018: $395,409Expenses 2018: $346,651Net Income 2018: $48,7582018Revenue 2019: $441,933Expenses 2019: $272,219Net Income 2019: $169,7142019Revenue 2020: $369,372Expenses 2020: $365,000Net Income 2020: $4,3722020Revenue 2021: $356,386Expenses 2021: $391,900Net Income 2021: -$35,5142021Revenue 2022: $432,800Expenses 2022: $409,785Net Income 2022: $23,0152022Revenue 2023: $355,711Expenses 2023: $441,719Net Income 2023: -$86,0082023Revenue 2024: $323,583Expenses 2024: $421,685Net Income 2024: -$98,1022024Revenue 2025: $348,280Expenses 2025: $376,575Net Income 2025: -$28,2952025

Highlighted filing

2016

Revenue$363,119
Expenses$448,304
Net Income-$85,185
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v3.0
Gross Receipts
$584,425
Mission and Program Overview

Mission

The mission of the Innovation Fund is to empower the BHS faculty and community by fostering a culture of innovation and supporting the development of new ideas and initiatives that will enable our students to thrive in the 21st Century.

The mission of the 21st century fund is to catalyze innovation at brookline high school by supporting faculty-led initiatives that foster academic success for all students. The fund energizes bhs faculty with opportunities for leadership and inventive (continued in schedule o)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$649,328$534,072▼ $115,256
Pledges and Grants Receivable$41,391$97,391▲ $56,000
Savings and Temporary Cash Investments$54,247$54,204▼ $43
Cash and Non-Interest-Bearing Accounts$65,154$49,344▼ $15,810
Prepaid Expenses and Deferred Charges$3,320$20,212▲ $16,892
Accounts Receivable$1,000$500▼ $500
Total Assets$814,440$755,723▼ $58,717
Liabilities
Accounts Payable and Accrued Expenses$116,875$138,692▲ $21,817
Total Liabilities$116,875$138,692▲ $21,817
Net Assets / Fund Balance
Unrestricted Net Assets$609,147$495,124▼ $114,023
Temporarily Rstr Net Assets$38,418$96,907▲ $58,489
Permanently Rstr Net Assets$50,000$25,000▼ $25,000
Total Net Assets Fund Balance$697,565$617,031▼ $80,534
Total Liabilities and Net Assets / Fund Balance$814,440$755,723▼ $58,717

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$3,228-
Equipment-$2,178-
Leasehold Improvements-$23,773-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$50,427-▲ $189$25,000$25,616
2014$50,213-▲ $429$215$50,427
2013$50,000-▲ $213-$50,213
2012$55,855-▲ $821$6,676$50,000
2011$55,369-▲ $972$486$55,855
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$329,742
Program Service Revenue
$0
Investment Income
$11,268
Other Revenue
$22,109
All Other Contributions
$249,552
Change in Net Assets
$-85,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$302,327
Salaries, Compensation, and Employee Benefits$74,307
Other Expenses$71,670
Total Fundraising Expense$31,942
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$302,327--$302,327
Other Salaries and Wages$11,447$33,626$22,179$67,252
Fees for Services Accounting-$26,543-$26,543
Fees for Services Other$10,138$720$4,151$15,009
Conferences and Meetings$5,392$372$1,354$7,118
Payroll Taxes$797$4,572$1,407$6,776
Office Expenses$735$3,129$2,711$6,575
Insurance-$1,618-$1,618
Other Expenses$2,115$596-$596
Travel$456--$456
Pension Plan Contributions-$139$140$279
Total Functional Expenses$345,047$71,315$31,942$448,304
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Town of BrooklineBrookline, MA-To Reimburse Brookline High School for P$302,327
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,614
Fundraising Direct Expenses$36,505
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$138,804$58,614$4,820$53,794
Total Events$138,804$58,614$36,505$22,109
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 governing body review Part VI line 11

The annual form 990 is prepared by the independent auditor, reviewed and signed by the Treasurer or Assitant Treasurer. The Form 990 is also presented to the audit and finance committee. The form 990 is available for review by the Public in the office of the 21st Century Fund.

Conflict of interest policy compliance Part VI line 12C

The policy of the BHS 21st Century Fund with respect to conflicts of interest requires that directors, officers and all employees avoid any actual or potential conflict between their personal interest (including the interests of other persons and organizations with whom the director, officer or employee has a personal or business relationship) and the interests of 21st Century Fund in dealing with organization or individuals doing or seeking to do business with the 21st Century.In any financial transaction or other matter in which a director, officer or employee may have a potential or actual conflicting relationship, the relationship shall be disclosed to all persons charged with responsilibity for approving the transaction and such director, officer, or employee must recuse themselves from participation in discussion, approvals or votes on such transactions. In furtherance of this policy, the 21st Century Fund requires that ll directors, officers and employees annually review this policy, not later than June 30 of each year. The 21st Century Fund further requires that all directors, officers, and emplooyees disclose any potential or known conflicts and comunicate such disclosures to the board of directors prior to any approval, vote, or other action on any financial transaction or other matter identified by board members.

CEO executive director top management comp Part VI line 15A

Compensation of employees is included in the annual budgeting process. Salary recommendations are made by the Treasurer and the audit and finance committee. Approval of compensation changes is made by the chair and executive committee.

Other officer or key employee compensation Part VI line 15B

Compensation of employees is included in the annual budgeting process. Salary recommendations are made by the Treasurer and the audit and finance committee. Approval of compensation changes is made by the chair and executive committee.

Governing documents etc available to public Part VI line 19

The governing documents, policies, form 990 and annual financial statements of the 21st Century Fund are made available to the public for review in the offices of the 21st Century Fund and on anothers website.

Filing and Contact Details

Filer

Filer Name
Brookline High School 21st Century
EIN
04-3402735
Address
115 GREENOUGH STREET, BROOKLINE, MA 02445
Doing Business As
Fund Inc

Signing Officer

Name
Edward Arnstein
Title
Treasurer
Phone
6177135201
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Zachos
Formed
1997
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
50

Preparer

Firm
John M Monticone CPA
Address
5 High Street Suite 207, Medford, MA 02155
Preparer
John M Monticone CPA
Phone
7813950024
Supplemental Narrative

Additional Explanations

General explanation attachment

FORM 990, PART 1, LINE 1,PAGE 1, AND PART III, LINE 1, PAGE 2 DESCRIPTION OF ORGANIZATION MISSION (continued):THINKING, MAKING BROOKLINE HIGH SCHOOL A LABORATORY FOR NEW AND CREATIVE APPROACHES IN PUBLIC SCHOOL EDUCATION. MOST IMPORTANTLY, THE FUNDS PROJECTS INSPIRE STUDENTS TO DREAM, TO THINK, TO EXPLORE, AND TO CREATE A BETTER 21ST CENTURY. FORM 990, PART III, PAGE 2, LINE 4a (CONTINUED)Drawing for Understanding in Field Science (DUFS) - Engaging students in the skills and habits of mind shared by artists and scientists: observing, hypothesizing, looking for patterns, and making inferences about what they seeEPIC - A Senior Year Alternative - Offering a variety of experiential and intensive opportunities for seniors to design, direct and drive their own learningFY 2016 new programs included:The Innovation Fellow - The Fellow is a BHS faculty member serving as a catalyst for innovation in the BHS community, sparking interdisciplinary conversation and collaboration within the school and supporting innovative projects and ideas at BHS The Mindfulness Initiative - A school-wide initiative that integrates for managing stress and building resiliency, transforming BHS into a healthier, less stressful place to learn and work Several Planning Grants to explore the development of new academic initiatives. FY 2016 successfully transitioned programs included:Global Leadership was successfully transitioned from the fund to the towns budget and has become a permanent course offering at the school.The thirteen 21st Century Fund programs originally created, developed and piloted by the 21st Century Fund and now funded by the Town of Brookline in the BHS school budget include: African-American and Latino Scholars Program - Supporting students of color to achieve academic success and fostering a culture of serious scholarshipArts Infusion Project - Building confidence and expressive capacity in under-involved students through art activitiesBHS Tutorial - Individualized content-based support to enhance the academic performance of students with mild learning difficultiesBHS Writes - Nurturing a writing culture at BHS that reaches all levels of its communityEngineering By Design - Inspiring student interest in the field of engineering through a hands-on, project-based curriculumFreshman Tutorial - Helping freshman adapt to the increased demands of a high school settingGood Citizen in a Good Society - Promoting greater awareness of social justice and the responsibilities of democratic citizenship, developed with Facing History and OurselvesThe Global Leadership Academy - Endowing BHSs diverse student body with the knowlege, the skills, the resourcefulness and the experience to become engaged and effective leaders of the twenty-first centuryIthaka Advisory Program -Fostering the intellectual and social journey that all students take in high schoolMedical Interpretation and Translation -Providing real-life application of interpretation and translation skills for accomplished Spanish speakersPerspectives of a Mathematical Mind - Formally named Human Math Experience widening students awareness of the beauty and real-world applications of mathThe Social Justice Leadership Program - Training a youth corps of social justice advocates through group activities and internships in local social justice organizations Teachers Mentoring Teachers Program - Training, supporting and retaining a world-class faculty at Brookline HighAt the close of FY 2016, the Fund has approved three new initiatives, which are being developed with the 21st Century Funds support during the next school year: Engineering Innovation and Design - This course allows students to develop skills in technology and design through universal access to prototyping and the creation of real 3-D products, rather than 2-D drafting ideasFilm as History: History as Film - Using the tools of a history classroom, combined with the tools of filmmaking, students study historical eras and events, with an

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

The fund currently evaluates all tax posaitions, and makes a determination regarding the likelihood of those positions being upheld under review. The primary tax positions made by the fund are the existence of unrelated business income tax and the funds status as a tax exempt organization under section 501(c)(3) of the internal revenue code. For the years presented, the funds has not recognized any tax benefit or loss contingencies for uncertain tax positions based on this evaluation. All tax peri0ds prior to fy 2012 are no longer subject to examination by tax authorities.

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE 21ST CENTURY FUND IS TO CATALYZE INNOVATION AT BROOKLINE HIGH SCHOOL BY SUPPORTING FACULTY-LED INITIATIVES THAT FOSTER ACADEMIC SUCCESS FOR ALL STUDENTS. THE FUND ENERGIZES BHS FACULTY WITH OPPORTUNITIES FOR LEADERSHIP AND INVENTIVE (CONTINUED IN SCHEDULE O)
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.97$0.35$0.38$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.32$0.42$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.36$0.44$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.43$0.41$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.36$0.39$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.37$0.37$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.44$0.27$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.40$0.35$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.63$0.36$0.36$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.14$0.62$0.36$0.45$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.12$0.70$0.22$0.47$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.31$0.52$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.15$1.06$0.45$0.55$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.15$1.11$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.18$1.15$0.49