Civic Intelligence

Preparatory Foundation Inc.

990 • Fiscal year 2017 • EIN 11-3690799

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

885 River StreetHyde Park, MA 02136

(617) 333-6688

Siviq Scores

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

Liabilities / Assets

79th percentile

0.64x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

5.46x

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

96th percentile

73%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

98th percentile

101%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

193%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$28,393,640

Up $14,283,375 (+101%) from 2016

Net Assets

Up

$10,131,811

Up $3,321,735 (+49%) from 2016

Liabilities

Up

$18,261,829

Up $10,961,640 (+150%) from 2016

Revenue

Up

$3,342,527

Up $2,200,071 (+193%) from 2016

Expenses

Up

$889,951

Up $194,395 (+28%) from 2016

Net Income

Up

$2,452,576

Up $2,005,676 (+449%) from 2016

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $961,097Liabilities 2010: $0Net Assets 2010: $961,0972010Assets 2011: $1,146,545Liabilities 2011: $0Net Assets 2011: $1,146,5452011Assets 2012: $1,301,987Liabilities 2012: $0Net Assets 2012: $1,301,9872012Assets 2013: $1,560,649Liabilities 2013: $205,792Net Assets 2013: $1,354,8572013Assets 2014: $1,744,731Liabilities 2014: $200,507Net Assets 2014: $1,544,2242014Assets 2015: $7,538,251Liabilities 2015: $322,592Net Assets 2015: $7,215,6592015Assets 2016: $14,110,265Liabilities 2016: $7,300,189Net Assets 2016: $6,810,0762016Assets 2017: $28,393,640Liabilities 2017: $18,261,829Net Assets 2017: $10,131,8112017Assets 2018: $39,560,722Liabilities 2018: $26,503,173Net Assets 2018: $13,057,5492018Assets 2019: $42,493,207Liabilities 2019: $31,252,129Net Assets 2019: $11,241,0782019Assets 2020: $40,714,953Liabilities 2020: $32,070,761Net Assets 2020: $8,644,1922020Assets 2021: $39,866,079Liabilities 2021: $30,435,928Net Assets 2021: $9,430,1512021Assets 2022: $65,188,971Liabilities 2022: $54,183,127Net Assets 2022: $11,005,8442022Assets 2023: $64,701,277Liabilities 2023: $52,370,975Net Assets 2023: $12,330,3022023Assets 2024: $63,110,285Liabilities 2024: $50,392,378Net Assets 2024: $12,717,9072024Assets 2025: $62,755,042Liabilities 2025: $48,443,181Net Assets 2025: $14,311,8612025

Highlighted filing

2017

Assets$28,393,640
Liabilities$18,261,829
Net Assets$10,131,811

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $155,1062010Expenses 2011: $247,1812011Expenses 2012: $248,3002012Revenue 2013: $423,060Expenses 2013: $370,190Net Income 2013: $52,8702013Revenue 2014: $478,023Expenses 2014: $288,656Net Income 2014: $189,3672014Revenue 2015: $6,075,501Expenses 2015: $404,066Net Income 2015: $5,671,4352015Revenue 2016: $1,142,456Expenses 2016: $695,556Net Income 2016: $446,9002016Revenue 2017: $3,342,527Expenses 2017: $889,951Net Income 2017: $2,452,5762017Revenue 2018: $4,702,735Expenses 2018: $2,403,547Net Income 2018: $2,299,1882018Revenue 2019: $3,361,119Expenses 2019: $3,865,594Net Income 2019: -$504,4752019Revenue 2020: $3,070,680Expenses 2020: $4,272,988Net Income 2020: -$1,202,3082020Revenue 2021: $3,595,324Expenses 2021: $3,874,372Net Income 2021: -$279,0482021Revenue 2022: $4,386,589Expenses 2022: $3,805,240Net Income 2022: $581,3492022Revenue 2023: $4,309,510Expenses 2023: $3,788,117Net Income 2023: $521,3932023Revenue 2024: $3,218,350Expenses 2024: $2,930,340Net Income 2024: $288,0102024Revenue 2025: $4,524,513Expenses 2025: $2,561,256Net Income 2025: $1,963,2572025

Highlighted filing

2017

Revenue$3,342,527
Expenses$889,951
Net Income$2,452,576
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$3,392,519
Mission and Program Overview

Mission

To provide enhancement of educational college preparatory opportunities in the boston area

To provide enhancement of educational college preparatory opportunities in the boston area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,555,472$3,996,974▲ $2,441,502
Savings and Temporary Cash Investments$897,885$911,151▲ $13,266
Pledges and Grants Receivable$1,006,702$673,805▼ $332,897
Land, Buildings, and Equipment, Net$195,267$0▼ $195,267
Total Assets$14,110,265$28,393,640▲ $14,283,375
Other Assets Total$10,454,939$22,811,710▲ $12,356,771
Liabilities
Unsecured Notes Loans Payable$3,338,336$15,399,533▲ $12,061,197
Accounts Payable and Accrued Expenses$1,702,940$1,785,643▲ $82,703
Other Liabilities$1,419,846$705,276▼ $714,570
Grants Payable$839,067$371,377▼ $467,690
Total Liabilities$7,300,189$18,261,829▲ $10,961,640
Net Assets / Fund Balance
Unrestricted Net Assets$5,846,772$6,742,243▲ $895,471
Temporarily Rstr Net Assets$963,304$3,389,568▲ $2,426,264
Total Net Assets Fund Balance$6,810,076$10,131,811▲ $3,321,735
Total Liabilities and Net Assets / Fund Balance$14,110,265$28,393,640▲ $14,283,375

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$22,811,710--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Wt Rich & CoConstruction Manager29 CRAFTS ST 300, Newton, MA 02458$11,823,330
Studio G ArchitectsArchitect179 BOYLSTON ST P, Jamaica Plain, MA 02130$269,097
Pacific Charter School DevelopmentDeveloper600 WILSHIRE BLVD 200, Los Angeles, CA 90017$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,481,098
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-138,571
All Other Contributions
$3,247,033
Change in Net Assets
$2,452,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$533,602
Grants and Similar Amounts Paid$356,349
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$356,349--$356,349
Depreciation Depletion$65,813--$65,813
Fees for Services Other$12,042--$12,042
Other Expenses$11,407--$11,407
Total Functional Expenses$889,951$0$0$889,951
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston Preparatory Charter Public SchoolHyde Park, MAN/aTo Enhance the Educational Program of Boston Preparatory Charter Public School and for Capital Improvements.$356,349
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$49,992
Fundraising Gross Income$40,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$274,940$40,875$11,780$29,095
Total Events$274,940$40,875$49,992$-9,117
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated Unrealized Loss on Interest Rate - Swap Contract$705,276

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2015-10-30$17,500,000Construct and equip facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,500,000$43,000-$7,100

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Carolyn osteen (director) is the aunt of scott mccue (director)

Form 990, Part VI, Section A, Line 7A

The board of directors elect new board members.

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

The head of school and director of finance and operations review the federal form 990 which is then circulated to the board of directors for review before filing.

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

Staff and board members annually review the organization's conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and combined financial statements are available upon request. The audited combined financial statements are also available on www.guidestar.org

Filing and Contact Details

Filer

Filer Name
Preparatory Foundation Inc
EIN
11-3690799
Phone
6173336688
Address
885 RIVER STREET, HYDE PARK, MA 02136

Signing Officer

Name
John Grandin
Title
President
Phone
6173336688
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Grandin
Formed
2003
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
48

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBOROUGH, MA 01581
Preparer
Sorie M Kaba CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net asset transfer 154,589.

FORM 990, PART XII, LINE 2C:

The organization's combined financial statements were audited by an independent accountant. The organization has a committee that is responsible for the oversight of the audit. The organization did not change its oversight process or selection process during the tax year.

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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/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01006702
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0673805
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN GRANDIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01157510
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0423967
IRS990/PYInvestmentIncomeAmt04895
IRS990/PYOtherExpensesAmt0271589
IRS990/PYOtherRevenueAmt0-19949
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0446900
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0695556
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01142456
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02452576
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0897885
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0911151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03481098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01157510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06060685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0473084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0450355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011622732
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04895
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01801
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01957
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02586
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011239
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51670
IRS990ScheduleA/PublicSupportPY170Pct00.61530
IRS990ScheduleA/PublicSupportTotal170Amt06011164
IRS990ScheduleA/SubstantialContributorsTotAmt05611568
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03481098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01157510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06060685
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0473084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0450355
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011622732
IRS990ScheduleA/TotalSupportAmt011633971
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022811710
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0705276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED UNREALIZED LOSS ON INTEREST RATE - SWAP CONTRACT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022811710
IRS990ScheduleD/TotalLiabilityAmt0705276
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0234065
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0234065
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt049992
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt038212
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt038212
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0274940
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0274940
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040875
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9117
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011780
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011780
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0356349
IRS990ScheduleI/RecipientTable/IRCSectionDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENHANCE THE EDUCATIONAL PROGRAM OF BOSTON PREPARATORY CHARTER PUBLIC SCHOOL AND FOR CAPITAL IMPROVEMENTS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOSTON PREPARATORY CHARTER PUBLIC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0331053424
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0885 RIVER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HYDE PARK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002136
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVES GRANT AWARDS TO BOSTON PREPARATORY CHARTER PUBLIC SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT OF BONDS RETIRED IS $0.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1AMOUNT REPRESENTS ISSUER'S ADMINISTRATIVE FEES.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt2THE AMOUNT REPRESENTS BOND PROCEEDS NOT DRAWN DOWN AS OF JUNE 30, 2017.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt3LINES 1 AND 2 ARE NOT APPLICABLE AS ALL OF THE BOND PROCEEDS WERE USED FOR A "PURPOSE INVESTMENT" CONSISTENT WITH TREASURY REG. 1.148.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt4TO HEDGE AGAINST POTENTIAL INTEREST RATE EXPOSURE UNDER THE FLOATING RATE, THE FOUNDATION ENTERED INTO TWO INTEREST RATE SWAP AGREEMENTS. BOTH CONTRACTS HAVE A NOTIONAL AMOUNT OF $8,000,000. THE TERMS OF THE CONTRACTS ARE FOR 8.2 AND 30.8 YEARS, RESPECTIVELY.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART II, LINE 1:
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE K, PART II, LINE 11:
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE K, PART II, LINE 12:
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE K, PART IV, LINES 1 AND 2:
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE K, PART IV, LINE 3C:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine2Txt0NATIONAL
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct08.200000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-10-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT AND EQUIP FACILITY
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt014349433
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt07100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt043000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt017500000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt03100467
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAROLYN OSTEEN (DIRECTOR) IS THE AUNT OF SCOTT MCCUE (DIRECTOR)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ELECT NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE AND OPERATIONS REVIEW THE FEDERAL FORM 990 WHICH IS THEN CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STAFF AND BOARD MEMBERS ANNUALLY REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND COMBINED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE AUDITED COMBINED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NET ASSET TRANSFER 154,589.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S COMBINED FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT. THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.8$48.4$14.3$4.52$2.56$1.96
2024Detailed filing. Detailed filing data is available for this year.$63.1$50.4$12.7$3.22$2.93$0.29
2023Detailed filing. Detailed filing data is available for this year.$64.7$52.4$12.3$4.31$3.79$0.52
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$54.2$11.0$4.39$3.81$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.9$30.4$9.43$3.60$3.87$0.28
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$40.7$32.1$8.64$3.07$4.27$1.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$31.3$11.2$3.36$3.87$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$26.5$13.1$4.70$2.40$2.30
2017Detailed filing. Detailed filing data is available for this year.$28.4$18.3$10.1$3.34$0.89$2.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$7.30$6.81$1.14$0.70$0.45
2015Detailed filing. Detailed filing data is available for this year.$7.54$0.32$7.22$6.08$0.40$5.67
2014Detailed filing. Detailed filing data is available for this year.$1.74$0.20$1.54$0.48$0.29$0.19
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.56$0.21$1.35$0.42$0.37$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.30$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$0.16