Civic Intelligence

Preparatory Foundation Inc.

990 • Fiscal year 2018 • EIN 11-3690799

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

81st percentile

0.67x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

5.64x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

93rd percentile

39%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

41%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$39,560,722

Up $11,167,082 (+39%) from 2017

Net Assets

Up

$13,057,549

Up $2,925,738 (+29%) from 2017

Liabilities

Up

$26,503,173

Up $8,241,344 (+45%) from 2017

Revenue

Up

$4,702,735

Up $1,360,208 (+41%) from 2017

Expenses

Up

$2,403,547

Up $1,513,596 (+170%) from 2017

Net Income

Down

$2,299,188

Down $153,388 (-6.3%) from 2017

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

2018

Assets$39,560,722
Liabilities$26,503,173
Net Assets$13,057,549

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

2018

Revenue$4,702,735
Expenses$2,403,547
Net Income$2,299,188
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$4,752,540
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
Land, Buildings, and Equipment, Net$0$22,771,470▲ $22,771,470
Cash and Non-Interest-Bearing Accounts$3,996,974$3,453,356▼ $543,618
Pledges and Grants Receivable$673,805$1,298,905▲ $625,100
Savings and Temporary Cash Investments$911,151$469,079▼ $442,072
Total Assets$28,393,640$39,560,722▲ $11,167,082
Other Assets Total$22,811,710$11,567,912▼ $11,243,798
Liabilities
Tax Exempt Bond Liabilities$14,399,533$21,656,957▲ $7,257,424
Accounts Payable and Accrued Expenses$1,785,643$3,683,341▲ $1,897,698
Unsecured Notes Loans Payable$1,000,000$1,000,000→ $0
Grants Payable$371,377$0▼ $371,377
Other Liabilities$705,276$162,875▼ $542,401
Total Liabilities$18,261,829$26,503,173▲ $8,241,344
Net Assets / Fund Balance
Unrestricted Net Assets$6,742,243$10,143,215▲ $3,400,972
Temporarily Rstr Net Assets$3,389,568$2,914,334▼ $475,234
Total Net Assets Fund Balance$10,131,811$13,057,549▲ $2,925,738
Total Liabilities and Net Assets / Fund Balance$28,393,640$39,560,722▲ $11,167,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,020,597$436,426$17,457,023
Land$3,060,004-$3,060,004
Equipment$2,200,281$313,534$2,513,815
Other Land Buildings$490,588$113,705$604,293
Other Assets Org$30,784--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John GrandinPresident
Bill ClarkDirector
Bruce BuxtonDirector
Carolyn OsteenDirector
Charlotte JohnsonDirector
Jeremy BenedictDirector
Preston McswainDirector
Tamar Dor-nerDirector
Carol TaylorClerk
Scott MccueTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wt Rich & CoConstruction Manager29 CRAFTS ST 300, Newton, MA 02458$7,925,202
Studio G ArchitectsArchitect179 BOYLSTON ST P, Jamaica Plain, MA 02130$788,974
Wb MasonFurniture VendorPO BOX 981101, Boston, MA 02298$309,045
Pacific Charter School DevelopmentProject Manager600 WILSHIRE BLVD 200, Los Angeles, CA 90017$132,000
Pinck & CoOwners Project Manger98 MAGAZINE STREET, Boston, MA 02119$123,476
Revenue and Support

Revenue Composition

Contributions and Grants
$3,962,721
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$740,014
All Other Contributions
$3,718,966
Change in Net Assets
$2,299,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,738,307
Grants and Similar Amounts Paid$665,240
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$863,665--$863,665
Interest$719,960--$719,960
Grants to Domestic Orgs$665,240--$665,240
Other Expenses$152,527--$152,527
Insurance$2,155--$2,155
Total Functional Expenses$2,403,547$0$0$2,403,547
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.$665,240
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$49,805
Fundraising Gross Income$44,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$288,230$44,475$4,949$39,526
Total Events$288,230$44,475$49,805$-5,330
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$162,875

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2015-10-30$17,500,000Construct and equip facility
BMassachusetts Development Finance Agency2017-09-29$12,000,000Construct and equip facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,500,000$43,000$25,384$7,100
B$12,000,000$30,550-$13,100

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
Corrective action procedures
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
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Grandin
Formed
2003
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
50

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 84,149.

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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IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0863665
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022771470
IRS990/LandBldgEquipCostOrOtherBssAmt023635135
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPATORY OPPORTUNITIES IN THE BOSTON AREA
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010131811
IRS990/NetAssetsOrFundBalancesEOYAmt013057549
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-5330
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-5330
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0745344
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0745344
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0542401
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022811710
IRS990/OtherAssetsTotalGrp/EOYAmt011567912
IRS990/OtherChangesInNetAssetsAmt084149
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt0152527
IRS990/OtherExpensesGrp/TotalAmt0152527
IRS990/OtherLiabilitiesGrp/BOYAmt0705276
IRS990/OtherLiabilitiesGrp/EOYAmt0162875
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0673805
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01298905
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN GRANDIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03481098
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0356349
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0533602
IRS990/PYOtherRevenueAmt0-138571
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02452576
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0889951
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03342527
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02299188
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0745344
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0745344
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0911151
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0469079
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03962721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03481098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01157510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06060685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0473084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015135098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0745344
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04895
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01801
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01957
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0753997
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54690
IRS990ScheduleA/PublicSupportPY170Pct00.51670
IRS990ScheduleA/PublicSupportTotal170Amt08690354
IRS990ScheduleA/SubstantialContributorsTotAmt06444744
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03962721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03481098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01157510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06060685
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0473084
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015135098
IRS990ScheduleA/TotalSupportAmt015889095
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt017020597
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0436426
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017457023
IRS990ScheduleD/EquipmentGrp/BookValueAmt02200281
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0313534
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02513815
IRS990ScheduleD/LandGrp/BookValueAmt03060004
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03060004
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011537128
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt130784
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0490588
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0113705
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0604293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0162875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED UNREALIZED LOSS ON INTEREST RATE - SWAP CONTRACT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022771470
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011567912
IRS990ScheduleD/TotalLiabilityAmt0162875
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0243755
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0243755
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt049805
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt044856
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt044856
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0288230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0288230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044475
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt044475
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-5330
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04949
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04949
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0665240
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/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
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, 2018.
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/ExplanationTxt5TO HEDGE AGAINST POTENTIAL INTEREST RATE EXPOSURE UNDER THE FLOATING RATE, THE FOUNDATION ENTERED INTO TWO INTEREST RATE SWAP AGREEMENTS. THE CONTRACTS HAVE A NOTIONAL AMOUNT OF $3,000,000 AND $8,000,000 WITH THE TERMS OF THE CONTRACTS ARE FOR 8.9 AND 26.9 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 (ISSUE A):
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc5SCHEDULE K, PART IV, LINE 3C (ISSUE B):
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt1CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine2Txt0NATIONAL
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine2Txt1NATIONAL
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00

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
2018Detailed filing. Detailed filing data is available for this year.$39.6$26.5$13.1$4.70$2.40$2.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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