Civic Intelligence

Preparatory Foundation Inc.

990 • Fiscal year 2020 • EIN 11-3690799

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

10.44x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

12th percentile

-4.2%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-8.6%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$40,714,953

Down $1,778,254 (-4.2%) from 2019

Net Assets

Down

$8,644,192

Down $2,596,886 (-23%) from 2019

Liabilities

Up

$32,070,761

Up $818,632 (+2.6%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin7th percentile

Revenue

Down

$3,070,680

Down $290,439 (-8.6%) from 2019

Expenses

Up

$4,272,988

Up $407,394 (+11%) from 2019

Net Income

Down

-$1,202,308

Down $697,833 (-138%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2020

Assets$40,714,953
Liabilities$32,070,761
Net Assets$8,644,192
Open 2020 Filing

Operations Trend

Revenue Growth27th 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

2020

Revenue$3,070,680
Expenses$4,272,988
Net Income-$1,202,308
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$3,071,455
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$35,772,753$34,567,473▼ $1,205,280
Savings and Temporary Cash Investments$2,430,278$3,809,305▲ $1,379,027
Pledges and Grants Receivable$1,348,500$940,000▼ $408,500
Cash and Non-Interest-Bearing Accounts$2,773,752$632,181▼ $2,141,571
Total Assets$42,493,207$40,714,953▼ $1,778,254
Other Assets Total$167,924$765,994▲ $598,070
Liabilities
Tax Exempt Bond Liabilities$28,473,466$28,122,399▼ $351,067
Other Liabilities$1,506,907$2,901,485▲ $1,394,578
Unsecured Notes Loans Payable$1,000,000$1,000,000→ $0
Accounts Payable and Accrued Expenses$271,756$46,877▼ $224,879
Total Liabilities$31,252,129$32,070,761▲ $818,632
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,749,031$5,441,330▼ $2,307,701
Net Assets With Donor Restrictions$3,492,047$3,202,862▼ $289,185
Total Net Assets Fund Balance$11,241,078$8,644,192▼ $2,596,886
Total Liabilities and Net Assets / Fund Balance$42,493,207$40,714,953▼ $1,778,254

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,537,592$1,954,166$30,491,758
Equipment$2,409,420$1,450,812$3,860,232
Land$3,060,004-$3,060,004
Other Land Buildings$560,457$256,663$817,120
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Bill ClarkPresident
Bruce BuxtonDirector
Carolyn OsteenDirector
Charlotte JohnsonDirector
Jeremy BenedictDirector
John GrandinDirector
Preston McswainDirector
Tamar Dor-nerDirector
Tom SorboDirector
Carol TaylorSecretary
Scott MccueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,585,869
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,484,811
All Other Contributions
$1,223,942
Change in Net Assets
$-1,202,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,556,310
Grants and Similar Amounts Paid$1,716,678
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,716,678--$1,716,678
Depreciation Depletion$1,418,670--$1,418,670
Interest$1,125,031--$1,125,031
Other Expenses$6,294--$6,294
Total Functional Expenses$4,272,988$0$0$4,272,988
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.$1,716,678
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,900
Fundraising Direct Expenses$775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$392,827$30,900$775$30,125
Total Events$392,827$30,900$775$30,125
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$2,901,485

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$796,313$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 35% controlled entity
No
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
Bill Clark
Title
President
Phone
6173336688
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Clark
Formed
2003
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
50

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Thomas F Muldoon CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized loss on interest rate swap contract -1,394,578.”

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.”

Raw XML AppendixShowing 400 of 515 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0271756
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt046877
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA.
IRS990/AllOtherContributionsAmt01223942
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TYLER MARTIN
IRS990/BooksInCareOfDetail/PhoneNum06173336688
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0885 RIVER STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HYDE PARK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002136
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02773752
IRS990/CashNonInterestBearingGrp/EOYAmt0632181
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt0361927
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01585869
IRS990/CYGrantsAndSimilarPaidAmt01716678
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02556310
IRS990/CYOtherRevenueAmt01484811
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1202308
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04272988
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03070680
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01418670
IRS990/DepreciationDepletionGrp/TotalAmt01418670
IRS990/Desc0TO PROVIDE ENHANCEMENT OF EDUCATIONAL COLLEGE PREPARATORY OPPORTUNITIES IN THE BOSTON AREA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03492047
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03202862
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt04272988
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0BRUCE BUXTON
IRS990/Form990PartVIISectionAGrp/PersonNm1CAROLYN OSTEEN
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT MCCUE
IRS990/Form990PartVIISectionAGrp/PersonNm3CAROL TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN GRANDIN
IRS990/Form990PartVIISectionAGrp/PersonNm5PRESTON MCSWAIN
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLOTTE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7TAMAR DOR-NER
IRS990/Form990PartVIISectionAGrp/PersonNm8JEREMY BENEDICT
IRS990/Form990PartVIISectionAGrp/PersonNm9BILL CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm10TOM SORBO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0361927
IRS990/FundraisingDirectExpensesAmt0775
IRS990/FundraisingGrossIncomeAmt030900
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt01716678
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01716678
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01716678
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03071455
IRS990/GrossRentsGrp/RealAmt01454686
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt01125031
IRS990/InterestGrp/TotalAmt01125031
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03661641
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035772753
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034567473
IRS990/LandBldgEquipCostOrOtherBssAmt038229114
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/NetAssetsOrFundBalancesBOYAmt011241078
IRS990/NetAssetsOrFundBalancesEOYAmt08644192
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt030125
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt030125
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01454686
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01454686
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07749031
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05441330
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0167924
IRS990/OtherAssetsTotalGrp/EOYAmt0765994
IRS990/OtherChangesInNetAssetsAmt0-1394578
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1DEVELOPMENTAL EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt06315
IRS990/OtherExpensesGrp/ProgramServicesAmt16294
IRS990/OtherExpensesGrp/TotalAmt06315
IRS990/OtherExpensesGrp/TotalAmt16294
IRS990/OtherLiabilitiesGrp/BOYAmt01506907
IRS990/OtherLiabilitiesGrp/EOYAmt02901485
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01348500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0940000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BILL CLARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02296120
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01297532
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02568062
IRS990/PYOtherRevenueAmt01064999
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-504475
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03865594
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03361119
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1202308
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01454686
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01454686
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02430278
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03809305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01585869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02296120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03962721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03481098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01157510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012483318
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01454686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01069619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0745344
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04895
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03274544
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56610
IRS990ScheduleA/PublicSupportPY170Pct00.56900
IRS990ScheduleA/PublicSupportTotal170Amt08920260
IRS990ScheduleA/SubstantialContributorsTotAmt03563058
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01585869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02296120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03962721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03481098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01157510
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012483318
IRS990ScheduleA/TotalSupportAmt015757862
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/BookValueAmt028537592
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01954166
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030491758
IRS990ScheduleD/EquipmentGrp/BookValueAmt02409420
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01450812
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03860232
IRS990ScheduleD/LandGrp/BookValueAmt03060004
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03060004
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0560457
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0256663
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0817120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02901485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUMULATED UNREALIZED LOSS ON INTEREST RATE - SWAP CONTRACT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034567473
IRS990ScheduleD/TotalLiabilityAmt02901485
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0361927
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0361927
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0775
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0392827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0392827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030900
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030125
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0775
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0775
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01716678
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,714,953
Liabilities
$32,070,761
Net assets
$8,644,192
Revenue
$3,070,680
Expenses
$4,272,988
Net income
-$1,202,308
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
2020Detailed filing. Detailed filing data is available for this year.$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
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