Civic Intelligence

Preparatory Foundation Inc.

990 • Fiscal year 2019 • EIN 11-3690799

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

Organization ProfileWWW.BOSTONPREP.ORG
1286 Hyde Park AvenueHyde Park, MA 02136

(617) 333-6688

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.74x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

9.30x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

13th percentile

-15%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

61st percentile

7.4%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$42,493,207

Up $2,932,485 (+7.4%) from 2018

Net Assets

Down

$11,241,078

Down $1,816,471 (-14%) from 2018

Liabilities

Up

$31,252,129

Up $4,748,956 (+18%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin13th percentile

Revenue

Down

$3,361,119

Down $1,341,616 (-29%) from 2018

Expenses

Up

$3,865,594

Up $1,462,047 (+61%) from 2018

Net Income

Down

-$504,475

Down $2,803,663 (-122%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

2019

Assets$42,493,207
Liabilities$31,252,129
Net Assets$11,241,078
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

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

2019

Revenue$3,361,119
Expenses$3,865,594
Net Income-$504,475
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.1
Gross Receipts
$3,415,239
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$22,771,470$35,772,753▲ $13,001,283
Cash and Non-Interest-Bearing Accounts$3,453,356$2,773,752▼ $679,604
Savings and Temporary Cash Investments$469,079$2,430,278▲ $1,961,199
Pledges and Grants Receivable$1,298,905$1,348,500▲ $49,595
Total Assets$39,560,722$42,493,207▲ $2,932,485
Other Assets Total$11,567,912$167,924▼ $11,399,988
Liabilities
Tax Exempt Bond Liabilities$21,656,957$29,473,466▲ $7,816,509
Other Liabilities$162,875$1,506,907▲ $1,344,032
Unsecured Notes Loans Payable$1,000,000--
Accounts Payable and Accrued Expenses$3,683,341$271,756▼ $3,411,585
Total Liabilities$26,503,173$31,252,129▲ $4,748,956
Net Assets / Fund Balance
Unrestricted Net Assets$10,143,215$7,749,031▼ $2,394,184
Temporarily Rstr Net Assets$2,914,334$3,492,047▲ $577,713
Total Net Assets Fund Balance$13,057,549$11,241,078▼ $1,816,471
Total Liabilities and Net Assets / Fund Balance$39,560,722$42,493,207▲ $2,932,485

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,085,517$1,192,851$30,278,368
Equipment$2,961,685$898,547$3,860,232
Land$3,060,004-$3,060,004
Other Land Buildings$665,547$151,573$817,120
Compensation and Service Providers
Top Officer Pay7th percentile

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
Revenue and Support

Revenue Composition

Contributions and Grants
$2,296,120
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,064,999
All Other Contributions
$1,932,037
Change in Net Assets
$-504,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,568,062
Grants and Similar Amounts Paid$1,297,532
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,373,968--$1,373,968
Grants to Domestic Orgs$1,297,532--$1,297,532
Interest$1,088,310--$1,088,310
Other Expenses$28,276--$28,276
Insurance$3,208--$3,208
Total Functional Expenses$3,865,594$0$0$3,865,594
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.$1,297,532
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$54,120
Fundraising Gross Income$49,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$413,583$49,500$4,620$44,880
Total Events$413,583$49,500$54,120$-4,620
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$1,506,907

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$445,246$7,100
B$12,000,000$30,550$581,288$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
1286 HYDE PARK AVENUE, HYDE PARK, MA 02136

Signing Officer

Name
John Grandin
Title
President
Phone
6173336688
Signed
2020-05-14
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
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 32,036.”

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/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0665240
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01738307
IRS990/PYOtherRevenueAmt0740014
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02299188
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02403547
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04702735
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-504475
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01069619
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01069619
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0469079
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02430278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02296120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03962721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03481098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01157510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06060685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016958134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01069619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0745344
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04895
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01801
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01821659
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56900
IRS990ScheduleA/PublicSupportPY170Pct00.54690
IRS990ScheduleA/PublicSupportTotal170Amt010685306
IRS990ScheduleA/SubstantialContributorsTotAmt06272828
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02296120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03962721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03481098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01157510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06060685
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016958134
IRS990ScheduleA/TotalSupportAmt018779793
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/BuildingsGrp/BookValueAmt029085517
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01192851
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030278368
IRS990ScheduleD/EquipmentGrp/BookValueAmt02961685
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0898547
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03860232
IRS990ScheduleD/LandGrp/BookValueAmt03060004
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03060004
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0665547
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0151573
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0817120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01506907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED UNREALIZED LOSS ON INTEREST RATE - SWAP CONTRACT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035772753
IRS990ScheduleD/TotalLiabilityAmt01506907
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0364083
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0364083
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt054120
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt049500
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt049500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0413583
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0413583
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt049500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt049500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4620
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04620
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04620
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01297532
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/ExplanationTxt0TO 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 IV, LINE 3C (ISSUE A):
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
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct08.200000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct18.900000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-10-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12017-09-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt112000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT AND EQUIP FACILITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1CONSTRUCT AND EQUIP FACILITY
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt017212676
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt111375062
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt07100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt113100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt043000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt130550
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,493,207
Liabilities
$31,252,129
Net assets
$11,241,078
Revenue
$3,361,119
Expenses
$3,865,594
Net income
-$504,475
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
2019Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $25M-$50M nonprofits