Civic Intelligence

Excel Academy East Boston Realty Corporation

990 • Fiscal year 2017 • EIN 27-4272913

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 09, 2018

Organization ProfileN/A
58 Moore StreetEast Boston, MA 02128

(617) 874-4096

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

35.33x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

55th percentile

4.6%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

29th percentile

-1.3%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

0.2%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$9,000,795

Down $120,447 (-1.3%) from 2016

Net Assets

Up

$655,795

Up $10,795 (+1.7%) from 2016

Liabilities

Down

$8,345,000

Down $131,242 (-1.5%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin55th percentile

Revenue

Up

$236,174

Up $460 (+0.2%) from 2016

Expenses

Up

$225,379

Up $527 (+0.2%) from 2016

Net Income

Down

$10,795

Down $67 (-0.6%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0Assets 2011: $9,408,600Liabilities 2011: $8,770,194Net Assets 2011: $638,4062011Assets 2012: $9,756,035Liabilities 2012: $9,141,023Net Assets 2012: $615,0122012Assets 2013: $9,190,791Liabilities 2013: $8,574,434Net Assets 2013: $616,3572013Assets 2014: $9,085,671Liabilities 2014: $8,463,326Net Assets 2014: $622,3452014Assets 2015: $9,097,464Liabilities 2015: $8,463,326Net Assets 2015: $634,1382015Assets 2016: $9,121,242Liabilities 2016: $8,476,242Net Assets 2016: $645,0002016Assets 2017: $9,000,795Liabilities 2017: $8,345,000Net Assets 2017: $655,7952017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$9,000,795
Liabilities$8,345,000
Net Assets$655,795
Open 2017 Filing

Operations Trend

Revenue Growth36th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $3,0552011Expenses 2012: $89,7372012Revenue 2013: $225,479Expenses 2013: $224,134Net Income 2013: $1,3452013Revenue 2014: $229,961Expenses 2014: $223,973Net Income 2014: $5,9882014Revenue 2015: $236,090Expenses 2015: $224,297Net Income 2015: $11,7932015Revenue 2016: $235,714Expenses 2016: $224,852Net Income 2016: $10,8622016Revenue 2017: $236,174Expenses 2017: $225,379Net Income 2017: $10,7952017Revenue 2018: $178,161Expenses 2018: $185,542Net Income 2018: -$7,3812018

Highlighted filing

2017

Revenue$236,174
Expenses$225,379
Net Income$10,795
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 9, 2018
Return Version
2017v2.2
Gross Receipts
$236,174
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable activities benefiting, performing the functions of, and carrying out the purposes of friends of excel academy charter schools, inc., a massachusetts non-profit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$121,962$59,663▼ $62,299
Cash and Non-Interest-Bearing Accounts$68,793$39,045▼ $29,748
Total Assets$9,121,242$9,000,795▼ $120,447
Other Assets Total$8,930,487$8,902,087▼ $28,400
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,245,000$8,245,000→ $0
Other Liabilities$218,326$100,000▼ $118,326
Deferred Revenue$12,916$0▼ $12,916
Total Liabilities$8,476,242$8,345,000▼ $131,242
Net Assets / Fund Balance
Unrestricted Net Assets$645,000$655,795▲ $10,795
Total Net Assets Fund Balance$645,000$655,795▲ $10,795
Total Liabilities and Net Assets / Fund Balance$9,121,242$9,000,795▼ $120,447

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$351,386--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Seth ReynoldsPresident
Mary Elisabeth SwerzClerk
Megan PreinerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$236,174
Other Revenue
$0
Change in Net Assets
$10,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$236,174
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$236,174
Total Revenue per Form 990
$236,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$193,519--$193,519
Fees for Services Accounting-$11,366-$11,366
Depreciation Depletion$10,424--$10,424
Fees for Services Other-$10,070-$10,070
Total Functional Expenses$203,943$21,436$0$225,379

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$225,379
Total Expenses per Audited Statements$225,379
Total Expenses per Form 990$225,379
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$100,000
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is presented to the board of trustees for review and comment prior to filing.”

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

“The board of trustees annually review the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“Excel academy east boston realty corporation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Excel Academy East Boston Realty
EIN
27-4272913
Phone
6178744096
Address
58 MOORE STREET, EAST BOSTON, MA 02128

Signing Officer

Name
Seth Reynolds
Title
President
Phone
6178744080
Signed
2018-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Reynolds
Formed
2011
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
John Buckley CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of trustees oversees the audit of the financial statements. This process has not changed in 2017.”

Financial Statement Notes

PART X, LINE 2:

“The company accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The company has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at december 31, 2017. The company's information returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.”

Raw XML Appendix377 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES BENEFITING, PERFORMING THE FUNCTIONS OF, AND CARRYING OUT THE PURPOSES OF FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC., A MASSACHUSETTS NON-PROFIT CORPORATION.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0ANDREW SOLOMON
IRS990/BooksInCareOfDetail/PhoneNum06178744080
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt058 MOORE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0EAST BOSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002128
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt068793
IRS990/CashNonInterestBearingGrp/EOYAmt039045
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0236174
IRS990/CYOtherExpensesAmt0225379
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt010795
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0225379
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0236174
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt012916
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010424
IRS990/DepreciationDepletionGrp/TotalAmt010424
IRS990/Desc0THE EXCEL ACADEMY EAST BOSTON REALTY CORPORATION PURCHASED A PROPERTY AT 58 MOORE STREET IN SEPTEMBER 2011, AND SECURED FINANCING FOR AND BEGAN THE RENOVATION/CONSTRUCTION OF THAT PROPERTY SHORTLY THEREAFTER. CONSTRUCTION WAS SUBSTANTIALLY COMPLETED IN AUGUST 2012. THE PROPERTY IS LEASED TO EXCEL ACADEMY CHARTER SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0203943
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011366
IRS990/FeesForServicesAccountingGrp/TotalAmt011366
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt010070
IRS990/FeesForServicesOtherGrp/TotalAmt010070
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY ELISABETH SWERZ
IRS990/Form990PartVIISectionAGrp/PersonNm1SETH REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm2MEGAN PREINER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0236174
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt0193519
IRS990/InterestGrp/TotalAmt0193519
IRS990/InvestmentIncomeGrp/ExclusionAmt0236174
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0236174
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES BENEFITING, PERFORMING THE FUNCTIONS OF, AND CARRYING OUT THE PURPOSES OF FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC., A MASSACHUSETTS NON-PROFIT CORPORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08245000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08245000
IRS990/NetAssetsOrFundBalancesBOYAmt0645000
IRS990/NetAssetsOrFundBalancesEOYAmt0655795
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08930487
IRS990/OtherAssetsTotalGrp/EOYAmt08902087
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0218326
IRS990/OtherLiabilitiesGrp/EOYAmt0100000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SETH REYNOLDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0235714
IRS990/PYOtherExpensesAmt0224852
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt010862
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0224852
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0235714
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010795
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0121962
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059663
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0300211613
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FRIENDS OF EXCEL ACADEMY CHARTERS SCHOOLS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0225379
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08550701
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1351386
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITAL LEASE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEBT ISSUANCE COST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0236174
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMPANY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2017. THE COMPANY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08902087
IRS990ScheduleD/TotalExpensesPerForm990Amt0225379
IRS990ScheduleD/TotalLiabilityAmt0100000
IRS990ScheduleD/TotalRevenuePerForm990Amt0236174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0236174
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0225379
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXCEL ACADEMY EAST BOSTON REALTY CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED IN 2017.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1EXCEL ACADEMY BREMEN STREET REALTY CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0300211613
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464799868
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FUNDRAISING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO SUPPORT FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt058 MOORE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt158 MOORE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EAST BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1EAST BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002128
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102128
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt08245000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FRIENDS OF EXCEL ACADEMY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FRIENDS OF EXCEL ACADEMY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09121242
IRS990/TotalAssetsEOYAmt09000795
IRS990/TotalAssetsGrp/BOYAmt09121242
IRS990/TotalAssetsGrp/EOYAmt09000795
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08476242
IRS990/TotalLiabilitiesEOYAmt08345000
IRS990/TotalLiabilitiesGrp/BOYAmt08476242
IRS990/TotalLiabilitiesGrp/EOYAmt08345000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0645000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0655795
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0203943
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0236174
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236174
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09121242
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09000795
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0645000
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0655795
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt058 MOORE STREET
IRS990/USAddress/CityNm0EAST BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002128
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SETH REYNOLDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06178744080
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXCEL ACADEMY EAST BOSTON REALTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0EXCE
ReturnHeader/Filer/EIN0274272913
ReturnHeader/Filer/PhoneNum06178744096
ReturnHeader/Filer/USAddress/AddressLine1Txt058 MOORE STREET
ReturnHeader/Filer/USAddress/CityNm0EAST BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002128
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C6EEA8951B55E8B6A746B93B5E5C2F4BCDF7BC32
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D0D11AF730C84EA989067D997D1D7D43B936B30F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.238.141.162
ReturnHeader/FilingSecurityInformation/IPDt02018-03-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:42:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER ARONSON FINNING & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN BUCKLEY CPA
ReturnHeader/ReturnTs02018-03-14T08:56:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,000,795
Liabilities
$8,345,000
Net assets
$655,795
Revenue
$236,174
Expenses
$225,379
Net income
$10,795
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$0.19$0.01
2017Detailed filing. Detailed filing data is available for this year.$9.00$8.35$0.66$0.24$0.23$0.01
2016Detailed filing. Detailed filing data is available for this year.$9.12$8.48$0.65$0.24$0.22$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.10$8.46$0.63$0.24$0.22$0.01
2014Detailed filing. Detailed filing data is available for this year.$9.09$8.46$0.62$0.23$0.22$0.01
2013Detailed filing. Detailed filing data is available for this year.$9.19$8.57$0.62$0.23$0.22$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.76$9.14$0.62$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.41$8.77$0.64$0.00