Civic Intelligence

Boston Charitable Trust Fund City of Boston Trust Office

990 • Fiscal year 2018 • EIN 04-6528581

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 23, 2019

Boston City Hall No M-5Boston, MA 02201

(617) 635-4140

Siviq Scores

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

Liabilities / Assets

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

68.36x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

49th percentile

1.2%

Faster asset growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

50%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$485,206

Up $5,591 (+1.2%) from 2017

Net Assets

Up

$34,390

Up $3,856 (+13%) from 2017

Liabilities

Up

$450,816

Up $1,735 (+0.4%) from 2017

Revenue

Up

$6,595

Up $2,199 (+50%) from 2017

Expenses

Up

$2,739

Up $1,626 (+146%) from 2017

Net Income

Up

$3,856

Up $573 (+17%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,686,242Liabilities 2010: $5,287,980Net Assets 2010: $398,2622010Assets 2011: $5,175,978Liabilities 2011: $4,887,580Net Assets 2011: $288,3982011Assets 2012: $6,220,030Liabilities 2012: $6,027,981Net Assets 2012: $192,0492012Assets 2013: $6,089,386Liabilities 2013: $6,014,212Net Assets 2013: $75,1742013Assets 2014: $5,164,404Liabilities 2014: $5,125,158Net Assets 2014: $39,2462014Assets 2015: $6,760,835Liabilities 2015: $6,733,297Net Assets 2015: $27,5382015Assets 2016: $5,776,634Liabilities 2016: $5,749,383Net Assets 2016: $27,2512016Assets 2017: $479,615Liabilities 2017: $449,081Net Assets 2017: $30,5342017Assets 2018: $485,206Liabilities 2018: $450,816Net Assets 2018: $34,3902018Assets 2019: $495,630Liabilities 2019: $452,133Net Assets 2019: $43,4972019Assets 2020: $13,199,861Liabilities 2020: $2,328,233Net Assets 2020: $10,871,6282020Assets 2021: $1,173,216Liabilities 2021: $457,841Net Assets 2021: $715,3752021Assets 2022: $722,934Liabilities 2022: $452,552Net Assets 2022: $270,3822022Assets 2023: $754,346Liabilities 2023: $456,429Net Assets 2023: $297,9172023Assets 2024: $792,408Liabilities 2024: $456,619Net Assets 2024: $335,7892024Assets 2025: $672,943Liabilities 2025: $456,358Net Assets 2025: $216,5852025

Highlighted filing

2018

Assets$485,206
Liabilities$450,816
Net Assets$34,390

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $25,9052010Revenue 2011: $15,134Expenses 2011: $124,998Net Income 2011: -$109,8642011Expenses 2012: $121,1672012Revenue 2013: $11,102Expenses 2013: $127,977Net Income 2013: -$116,8752013Revenue 2014: $10,744Expenses 2014: $46,672Net Income 2014: -$35,9282014Revenue 2015: $9,617Expenses 2015: $21,325Net Income 2015: -$11,7082015Revenue 2016: $15,249Expenses 2016: $15,536Net Income 2016: -$2872016Revenue 2017: $4,396Expenses 2017: $1,113Net Income 2017: $3,2832017Revenue 2018: $6,595Expenses 2018: $2,739Net Income 2018: $3,8562018Revenue 2019: $16,120Expenses 2019: $7,013Net Income 2019: $9,1072019Revenue 2020: $31,296,432Expenses 2020: $20,468,301Net Income 2020: $10,828,1312020Revenue 2021: $4,494,143Expenses 2021: $14,650,396Net Income 2021: -$10,156,2532021Revenue 2022: $52,908Expenses 2022: $497,900Net Income 2022: -$444,9922022Revenue 2023: $32,625Expenses 2023: $5,089Net Income 2023: $27,5362023Revenue 2024: $39,359Expenses 2024: $1,487Net Income 2024: $37,8722024Revenue 2025: $23,185Expenses 2025: $142,389Net Income 2025: -$119,2042025

Highlighted filing

2018

Revenue$6,595
Expenses$2,739
Net Income$3,856
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 23, 2019
Return Version
2017v2.3
Gross Receipts
$6,595
Mission and Program Overview

Mission

To fund other charitable organizations which engage in charitable scientific, literary, or educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$479,193$484,992▲ $5,799
Total Assets$479,615$485,206▲ $5,591
Other Assets Total$422$214▼ $208
Liabilities
Other Liabilities$448,880$448,794▼ $86
Accounts Payable and Accrued Expenses$201$2,022▲ $1,821
Total Liabilities$449,081$450,816▲ $1,735
Net Assets / Fund Balance
Unrestricted Net Assets$30,534$34,390▲ $3,856
Total Net Assets Fund Balance$30,534$34,390▲ $3,856
Total Liabilities and Net Assets / Fund Balance$479,615$485,206▲ $5,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$484,992--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Emme HandyCollector/treasurer
Drew SmithDeputy Assistant Treasurer
Richard DepianoSecond Assistant Collector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,595
Other Revenue
$0
Change in Net Assets
$3,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,526
Revenue Not Reported on Financial Statements
$69
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,526
Total Revenue per Form 990
$6,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$2,008-$2,008
Other Expenses-$662-$662
Fees for Service Investment Mgmnt Fees-$69-$69
Total Functional Expenses$0$2,739$0$2,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,739
Expenses per Audited Statements$2,670
Total Expenses per Audited Statements$2,670
Expenses Not Reported on Financial Statements$69
Expenses Not Reported on Form 990$0
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

Other Reported Liabilities

LiabilityAmount
Agency Funds Due to Others$448,133
Due to City of Boston$661
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
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 A, Line 8A

Explanation: organization is run through the city of boston trust department. The department determines which charities will benefit from investment income from agency funds.

Form 990, Part VI, Section A, Line 8B

Explanation: organization is run through the city of boston trust department. The department determines which charities will benefit from investment income from agency funds.

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

Explanation: the treasurer or assigned employees review the form 990 and all attachments and gives its authorization to file all applicable returns.

Form 990, Part VI, Section C, Line 19

Explanation: the organization makes its governing documents available for public inspection upon written request.

Filing and Contact Details

Filer

Filer Name
Boston Charitable Trust Fund
EIN
04-6528581
Phone
6176354140
Address
BOSTON CITY HALL NO M-5, BOSTON, MA 02201

Signing Officer

Name
Richard Depiano
Title
Second Asst Collector/treasurer
Phone
6176354140
Signed
2019-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Depiano
Formed
1985
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
O'CONNOR & DREW PC
Address
25 BRAINTREE HILL OFC PK SUITE 102, BRAINTREE, MA 02184
Preparer
Steven J Cohen
Phone
6174711120
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has a committee whose purpose is the oversight and review of the financial statements audited by an independent accountant. The process has not changed from the prior year.

Raw XML Appendix320 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/Form990PartVIISectionAGrp/TitleTxt0COLLECTOR/TREASURER
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IRS990/GrantsToIndividualsInd00
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IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06595
IRS990/GroupReturnForAffiliatesInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GENERAL & ADMINISTRATIV
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0662
IRS990/OtherExpensesGrp/TotalAmt0662
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: ORGANIZATION IS RUN THROUGH THE CITY OF BOSTON TRUST DEPARTMENT. THE DEPARTMENT DETERMINES WHICH CHARITIES WILL BENEFIT FROM INVESTMENT INCOME FROM AGENCY FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: ORGANIZATION IS RUN THROUGH THE CITY OF BOSTON TRUST DEPARTMENT. THE DEPARTMENT DETERMINES WHICH CHARITIES WILL BENEFIT FROM INVESTMENT INCOME FROM AGENCY FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION: THE TREASURER OR ASSIGNED EMPLOYEES REVIEW THE FORM 990 AND ALL ATTACHMENTS AND GIVES ITS AUTHORIZATION TO FILE ALL APPLICABLE RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A COMMITTEE WHOSE PURPOSE IS THE OVERSIGHT AND REVIEW OF THE FINANCIAL STATEMENTS AUDITED BY AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/USAddress/AddressLine1Txt0BOSTON CITY HALL NO M-5
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002201
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD DEPIANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECOND ASST COLLECTOR/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06176354140
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOSTON CHARITABLE TRUST FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CITY OF BOSTON TRUST OFFICE
ReturnHeader/Filer/BusinessNameControlTxt0BOST
ReturnHeader/Filer/EIN0046528581
ReturnHeader/Filer/PhoneNum06176354140
ReturnHeader/Filer/USAddress/AddressLine1Txt0BOSTON CITY HALL NO M-5
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01B2E1A561AFFFD3BBF97976B10C59320AC83D664
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E27EA94F9E26D2F6CAFB6AA932DE270025BE9AD7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.7.66.186
ReturnHeader/FilingSecurityInformation/IPDt02019-02-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:46:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043000523
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0O'CONNOR & DREW PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt025 BRAINTREE HILL OFC PK SUITE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002184
ReturnHeader/PreparerPersonGrp/PhoneNum06174711120
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN J COHEN
ReturnHeader/ReturnTs02019-03-14T10:14:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.67$0.46$0.22$0.02$0.14$0.12
2024Detailed filing. Detailed filing data is available for this year.$0.79$0.46$0.34$0.04$0.00$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.46$0.30$0.03$0.01$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.45$0.27$0.05$0.50$0.44
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.46$0.72$4.49$14.7$10.2
2020Detailed filing. Detailed filing data is available for this year.$13.2$2.33$10.9$31.3$20.5$10.8
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.45$0.04$0.02$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.45$0.03$0.01$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.45$0.03$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$5.78$5.75$0.03$0.02$0.02$0.00
2015Detailed filing. Detailed filing data is available for this year.$6.76$6.73$0.03$0.01$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.16$5.13$0.04$0.01$0.05$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$6.01$0.08$0.01$0.13$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$6.03$0.19$0.12
2011Summary only. Only limited summary data is available for this year.$5.18$4.89$0.29$0.02$0.12$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$5.29$0.40$0.03