Civic Intelligence

Blueprint Schools Network Inc.

990 • Fiscal year 2020 • EIN 27-4199289

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 26, 2021

PO Box 920440Needham, MA 02492

(617) 243-9620

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.20x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.12x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$192,709

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

90th percentile

75%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

21%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,985,278

Up $852,611 (+75%) from 2019

Net Assets

Up

$1,579,953

Up $499,045 (+46%) from 2019

Liabilities

Up

$405,325

Up $353,566 (+683%) from 2019

Revenue

Up

$3,370,257

Up $588,841 (+21%) from 2019

Expenses

Up

$2,871,212

Up $690,721 (+32%) from 2019

Net Income

Down

$499,045

Down $101,880 (-17%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $468,820Liabilities 2012: $41,404Net Assets 2012: $427,4162012Assets 2013: $1,032,031Liabilities 2013: $56,025Net Assets 2013: $976,0062013Assets 2014: $1,277,034Liabilities 2014: $128,343Net Assets 2014: $1,148,6912014Assets 2015: $1,055,883Liabilities 2015: $190,570Net Assets 2015: $865,3132015Assets 2016: $920,384Liabilities 2016: $151,449Net Assets 2016: $768,9352016Assets 2017: $633,316Liabilities 2017: $101,515Net Assets 2017: $531,8012017Assets 2019: $1,132,667Liabilities 2019: $51,759Net Assets 2019: $1,080,9082019Assets 2020: $1,985,278Liabilities 2020: $405,325Net Assets 2020: $1,579,9532020Assets 2021: $3,399,810Liabilities 2021: $90,213Net Assets 2021: $3,309,5972021Assets 2022: $2,892,919Liabilities 2022: $100,646Net Assets 2022: $2,792,2732022Assets 2024: $2,600,006Liabilities 2024: $103,635Net Assets 2024: $2,496,3712024

Highlighted filing

2020

Assets$1,985,278
Liabilities$405,325
Net Assets$1,579,953

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,404,8202012Expenses 2013: $1,175,6002013Revenue 2014: $3,840,033Expenses 2014: $3,667,348Net Income 2014: $172,6852014Revenue 2015: $4,634,316Expenses 2015: $4,917,694Net Income 2015: -$283,3782015Revenue 2016: $3,774,395Expenses 2016: $3,870,773Net Income 2016: -$96,3782016Revenue 2017: $2,642,799Expenses 2017: $2,879,933Net Income 2017: -$237,1342017Revenue 2019: $2,781,416Expenses 2019: $2,180,491Net Income 2019: $600,9252019Revenue 2020: $3,370,257Expenses 2020: $2,871,212Net Income 2020: $499,0452020Revenue 2021: $5,269,995Expenses 2021: $3,540,351Net Income 2021: $1,729,6442021Revenue 2022: $3,656,798Expenses 2022: $4,174,122Net Income 2022: -$517,3242022Revenue 2024: $4,939,474Expenses 2024: $4,577,897Net Income 2024: $361,5772024

Highlighted filing

2020

Revenue$3,370,257
Expenses$2,871,212
Net Income$499,045
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.1
Gross Receipts
$3,370,257
Mission and Program Overview

Mission

At blueprint, we believe all students deserve a quality math education. Our mission is to promote educational equity and improve life outcomes for students.

To provide education, training, strategic planning and other organizational services to low-performing schools in large urban districts

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$419,803$738,313▲ $318,510
Savings and Temporary Cash Investments$407,711$666,906▲ $259,195
Cash and Non-Interest-Bearing Accounts$272,854$548,633▲ $275,779
Prepaid Expenses and Deferred Charges$31,930$31,344▼ $586
Land, Buildings, and Equipment, Net$369$82▼ $287
Total Assets$1,132,667$1,985,278▲ $852,611
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$345,172▲ $345,172
Accounts Payable and Accrued Expenses$51,759$60,153▲ $8,394
Total Liabilities$51,759$405,325▲ $353,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$816,150$1,515,971▲ $699,821
Net Assets With Donor Restrictions$264,758$63,982▼ $200,776
Total Net Assets Fund Balance$1,080,908$1,579,953▲ $499,045
Total Liabilities and Net Assets / Fund Balance$1,132,667$1,985,278▲ $852,611

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$82$65,107$65,189
Other Land Buildings$0$6,225$6,225
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew SpenglerExec. Dir./ClerkFT$171,305$21,404$192,709
Matthew Spengler--$171,305$21,404$192,709
Freda StatomDirector of Strategic PartnershipsFT$122,609$8,488$131,097

Board Members and Trustees

NameTitle
Steven LevittPresident
Jeremy BeardDirector
Robert E Cowden IIIDirector
Donald OppenheimerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,362,067
Program Service Revenue
$0
Investment Income
$8,190
Other Revenue
$0
All Other Contributions
$1,016,873
Change in Net Assets
$499,045

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,370,257
Total Revenue per Audited Statements
$3,370,257
Total Revenue per Form 990
$3,370,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,297,384
Other Expenses$573,828
Total Fundraising Expense$116,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,529,508$86,103$82,712$1,698,323
Fees for Services Other$205,143$62,645$4,730$272,518
Other Employee Benefits$243,336$7,577$8,316$259,229
Current Officers, Directors, Trustees, and Key Employees$173,873$8,449$9,273$191,595
Payroll Taxes$134,275$7,044$6,918$148,237
Travel$47,204$3,116$1,233$51,553
Insurance$41,582$2,020$2,218$45,820
Office Expenses$5,614$15,966$643$22,223
Fees for Services Accounting$0$22,038$0$22,038
Occupancy$4,245$12,735$0$16,980
Other Expenses$14,353$0$0$14,353
All Other Expenses$0$4,268$15$4,283
Fees for Services Legal$511$0$0$511
Depreciation Depletion$0$287$0$287
Total Functional Expenses$2,505,396$248,968$116,848$2,871,212

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,871,212
Total Expenses per Audited Statements$2,871,212
Total Expenses per Form 990$2,871,212
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Blueprint Schools Network Inc
EIN
27-4199289
Phone
6172439620
Address
PO Box 920440, Needham, MA 02492

Signing Officer

Name
Matthew Spengler
Title
Executive Director/Clerk
Phone
6172439620
Signed
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Spengler
Formed
2010
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
82
Volunteers
0

Preparer

Firm
Fritz Deguglielmo LLC
Address
8 ESSEX STREET, NEWBURYPORT, MA 01950
Preparer
Daniel E Schaffner CPA
Phone
9784622161
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The executive director reviews the form 990 and compares it to the financial statements. The executive director meets with the Board of Directors who approve the form 990.

Pt VI, Line 19

The Organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Pt VI, Line 12C

Periodic reviews are conducted to determine whether compensation arrangements and benefits are reasonable and whether arrangements with management organizations conform to the Organization's written policies.

Pt VI, Line 15A

The executive director's compensation has been determined by the board of directors, working with an independent consultant who provided a compensation analysis for the greater Boston area. The executive director's salary was based on the market and size of the Organization.

Financial Statement Notes

Pt X, Line 2

The Organization has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, "Accounting For Uncertainty in Income Taxes"). The primary tax positions made by the Organization are the existence/non-existence of Unrelated Business Income Tax and the Organization's status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the period presented, and as a result of adoption, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Organization's Forms 990, Return of Organization Exempt from Income Tax, for the years ending June 30, 2020, 2019, 2018 and 2017 are subject to examination by the IRS. Returns are generally subject to examination for 3 years after they are filed.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, "Accounting For Uncertainty in Income Taxes"). The primary tax positions made by the Organization are the existence/non-existence of Unrelated Business Income Tax and the Organization's status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the period presented, and as a result of adoption, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Organization's Forms 990, Return of Organization Exempt from Income Tax, for the years ending June 30, 2020, 2019, 2018 and 2017 are subject to examination by the IRS. Returns are generally subject to examination for 3 years after they are filed.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Matthew Spengler
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The executive director reviews the form 990 and compares it to the financial statements. The executive director meets with the Board of Directors who approve the form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Periodic reviews are conducted to determine whether compensation arrangements and benefits are reasonable and whether arrangements with management organizations conform to the Organization's written policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The executive director's compensation has been determined by the board of directors, working with an independent consultant who provided a compensation analysis for the greater Boston area. The executive director's salary was based on the market and size of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
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