Civic Intelligence

Boston Schools Fund Inc.

990EZ • Fiscal year 2015 • EIN 47-3093274

Feb 06, 2015 to Jun 30, 2015 • Filed on Nov 12, 2015

31 Heath Street No 8Boston, MA 02131

(617) 216-4567

Siviq Scores

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

Liabilities / Assets

88th percentile

0.46x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

0.49x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$14,865

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$133,533

No earlier filing loaded for comparison.

Net Assets

$72,080

No earlier filing loaded for comparison.

Liabilities

$61,453

No earlier filing loaded for comparison.

Revenue

$125,004

No earlier filing loaded for comparison.

Expenses

$52,924

No earlier filing loaded for comparison.

Net Income

$72,080

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2015: $133,533Liabilities 2015: $61,453Net Assets 2015: $72,0802015Assets 2016: $1,109,991Liabilities 2016: $191,395Net Assets 2016: $918,5962016Assets 2017: $4,110,075Liabilities 2017: $52,355Net Assets 2017: $4,057,7202017Assets 2018: $3,942,592Liabilities 2018: $7,409Net Assets 2018: $3,935,1832018Assets 2019: $4,572,898Liabilities 2019: $9,841Net Assets 2019: $4,563,0572019Assets 2020: $3,409,938Liabilities 2020: $184,056Net Assets 2020: $3,225,8822020Assets 2021: $3,248,336Liabilities 2021: $182,298Net Assets 2021: $3,066,0382021Assets 2022: $2,706,473Liabilities 2022: $48,659Net Assets 2022: $2,657,8142022Assets 2023: $1,954,877Liabilities 2023: $64,239Net Assets 2023: $1,890,6382023Assets 2024: $1,111,249Liabilities 2024: $145,929Net Assets 2024: $965,3202024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2015

Assets$133,533
Liabilities$61,453
Net Assets$72,080

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $125,004Expenses 2015: $52,924Net Income 2015: $72,0802015Revenue 2016: $2,543,917Expenses 2016: $1,697,401Net Income 2016: $846,5162016Revenue 2017: $4,624,714Expenses 2017: $1,485,590Net Income 2017: $3,139,1242017Revenue 2018: $2,331,929Expenses 2018: $2,454,466Net Income 2018: -$122,5372018Revenue 2019: $3,765,124Expenses 2019: $3,137,250Net Income 2019: $627,8742019Revenue 2020: $2,130,387Expenses 2020: $3,467,562Net Income 2020: -$1,337,1752020Revenue 2021: $2,679,171Expenses 2021: $2,839,015Net Income 2021: -$159,8442021Revenue 2022: $2,444,206Expenses 2022: $2,652,430Net Income 2022: -$208,2242022Revenue 2023: $1,912,340Expenses 2023: $2,679,516Net Income 2023: -$767,1762023Revenue 2024: $2,132,351Expenses 2024: $3,033,665Net Income 2024: -$901,3142024Revenue 2025: $2,588Expenses 2025: $970,534Net Income 2025: -$967,9462025

Highlighted filing

2015

Revenue$125,004
Expenses$52,924
Net Income$72,080
Jump To
Filing Snapshot
Filing Period
Feb 6, 2015 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$125,004
Mission and Program Overview

Mission

Bsf supports and funds the growth of high-quality, high-demand schools of all types. Every child and family is unique, so we support diverse school models that vary in curriculum, gradespan, geography, and governance, among many other factors.

Boston schools fund inc. Provides significant financial and administrative support that will aim to increase the number of seats in boston's high-performing district, charter, and catholic schools by almost one-third over the next five years, putting boston on track to offer a high-performing school to the majority of its children by 2025. Our purpose is driven by the belief that a child's access to an excellent education and the potential for a bright and productive future should not be determined by that child's street address, background, the careers of their parents or guardians, or the luck of the draw. Boston schools fund inc.'s broad aspiration is fueled by a narrow vision, built around three funding focuses: schools, talent, and policy. Taken together, these strategies will provide more of boston's children with a transformational school experience.

Program Services

DescriptionGrantsExpenses
SINCE INCEPTION, BOSTON SCHOOLS FUND INC. BEGAN A STRATEGIC PLANNING PROCESS TO DEFINE ITS KEY PRIORITIES FOR THE NEXT TWENTY-FOUR MONTHS. ADDITIONALLY, BOSTON SCHOOLS FUND, INC. DEVELOPED A COMPREHENSIVE ANALYSIS OF DISTRICT, CHARTER, AND CATHOLIC SCHOOL LANDSCAPE TO IDENTIFY HIGH-PERFORMING SCHOOLS IN EACH SECTOR IN ORDER TO ACHIEVE THE GOAL OF GROWING QUALITY SEATS IN BOSTON'S SCHOOLS BY OVER 7,000. BOSTON SCHOOLS FUND, INC. ALSO CREATED A RIGOROUS DILIGENCE PROCESS FOR SCHOOL AND TALENT INVESTMENTS TO PREPARE FOR THE FIRST ROUND OF INVESTMENTS IN FISCAL YEAR 2016.$0$52,924
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM AUSTINPresident, Treasurer And CEOFT$13,417$1,448$14,865
BENJAMIN WELLSClerk And COOFT$10,750$513$11,263
BRYANT JONESChief Of StaffFT$8,750$56$8,806
KATHRYN EVERETTChairpersonPT$0--
Filing and Contact Details

Filer

Filer Name
Boston Schools Fund Inc
EIN
47-3093274
Phone
6172164567
Address
31 HEATH STREET NO 8, BOSTON, MA 02131

Signing Officer

Name
Benjamin Wells
Title
President, Treasurer & CEO
Phone
6172164567
Signed
2015-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer
Thomas Washburn CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 4.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: liability insurance. Amount: 117. Description: computer, software and it expense. Amount: 110. Description: depreciation. Amount: 43. Description: amortization. Amount: 34. Description: travel. Amount: 29. Description: bank service charge. Amount: 14. Description: payroll taxes. Amount: 3,822. Total to form 990-ez, line 16: 4,169.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid insurance. Beg. Of year amount: 0. End of year amount: 1,281. Description: other depreciable assets, net of accumulated depreciation and amortization. Beg. Of year amount: 0. End of year amount: 8,659.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accrued payroll. Beg. Of year amount: 0. End of year amount: 49,533. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 11,920.

Raw XML Appendix153 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.

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IRS990EZ/BooksInCareOfDetail/PhoneNum06172164567
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt031 HEATH STREET NO 8
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOSTON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KATHRYN EVERETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WILLIAM AUSTIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BENJAMIN WELLS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRYANT JONES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRPERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT, TREASURER AND CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CLERK AND COO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHIEF OF STAFF
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt0BOSTON SCHOOLS FUND INC. PROVIDES SIGNIFICANT FINANCIAL AND ADMINISTRATIVE SUPPORT THAT WILL AIM TO INCREASE THE NUMBER OF SEATS IN BOSTON'S HIGH-PERFORMING DISTRICT, CHARTER, AND CATHOLIC SCHOOLS BY ALMOST ONE-THIRD OVER THE NEXT FIVE YEARS, PUTTING BOSTON ON TRACK TO OFFER A HIGH-PERFORMING SCHOOL TO THE MAJORITY OF ITS CHILDREN BY 2025. OUR PURPOSE IS DRIVEN BY THE BELIEF THAT A CHILD'S ACCESS TO AN EXCELLENT EDUCATION AND THE POTENTIAL FOR A BRIGHT AND PRODUCTIVE FUTURE SHOULD NOT BE DETERMINED BY THAT CHILD'S STREET ADDRESS, BACKGROUND, THE CAREERS OF THEIR PARENTS OR GUARDIANS, OR THE LUCK OF THE DRAW. BOSTON SCHOOLS FUND INC.'S BROAD ASPIRATION IS FUELED BY A NARROW VISION, BUILT AROUND THREE FUNDING FOCUSES: SCHOOLS, TALENT, AND POLICY. TAKEN TOGETHER, THESE STRATEGIES WILL PROVIDE MORE OF BOSTON'S CHILDREN WITH A TRANSFORMATIONAL SCHOOL EXPERIENCE.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE CURRENT FISCAL YEAR IS BOSTON SCHOOLS FUND, INC.'S FIRST TAX YEAR, THUS, FINANCIAL INFORMATION FOR TAX YEARS 2010-2013 IS NOT AVAILABLE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LIABILITY INSURANCE. AMOUNT: 117. DESCRIPTION: COMPUTER, SOFTWARE AND IT EXPENSE. AMOUNT: 110. DESCRIPTION: DEPRECIATION. AMOUNT: 43. DESCRIPTION: AMORTIZATION. AMOUNT: 34. DESCRIPTION: TRAVEL. AMOUNT: 29. DESCRIPTION: BANK SERVICE CHARGE. AMOUNT: 14. DESCRIPTION: PAYROLL TAXES. AMOUNT: 3,822. TOTAL TO FORM 990-EZ, LINE 16: 4,169.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PREPAID INSURANCE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,281. DESCRIPTION: OTHER DEPRECIABLE ASSETS, NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 8,659.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCRUED PAYROLL. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 49,533. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 11,920.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BENJAMIN WELLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, TREASURER & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06172164567
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOSTON SCHOOLS FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0BOST
ReturnHeader/Filer/EIN0473093274
ReturnHeader/Filer/PhoneNum06172164567
ReturnHeader/Filer/USAddress/AddressLine1Txt031 HEATH STREET NO 8
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002131
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER ARONSON FINNING & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 EAST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS WASHBURN CPA
ReturnHeader/ReturnTs02015-12-01T10:47:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-02-06
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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