The Bottom Line Inc
- Assets
- $39.7m
- Revenue
- $36.5m
- Investments
- $0.0
- Employees
- 201
- Location
- Jamaica Plain, MA
- Founding
- 04/1997
- Data as of
- 06/2023
- EIN
- 04-3351427
Organization Overview
The Bottom Line Inc is located in Jamaica Plain, MA. The organization was established in 1997. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Bottom Line Inc employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bottom Line Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Bottom Line Inc generated $36.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $19.2m during the year ending 06/2023. While expenses have increased by 8.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOTTOM LINE PARTNERS WITH DEGREE-ASPIRING STUDENTS FROM FIRST GENERATION AND LOW-INCOME BACKGROUNDS AS THEY GET INTO COLLEGE, GRADUATE, AND GO FAR IN LIFE. BOTTOM LINE'S VISION IS TO DRAMATICALLY TRANSFORM URBAN COMMUNITIES BY PRODUCING THOUSANDS OF NEW CAREER-READY COLLEGE GRADUATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2023, BOTTOM LINE SERVED MORE THAN 700 HIGH SCHOOL STUDENTS, THROUGH THE ORGANIZATION'S HIGHSCHOOL ACCESS PROGRAM, OF WHICH 94% MADE A COMMITMENT TO COLLEGE BY THE END OF THEIR SENIOR YEARS. THE ORGANIZATION SUPPORTED APPROXIMATELY 5,000 STUDENTS IN THE COLLEGE SUCCESS PROGRAM, ACROSS MORE THAN 40 CAMPUSES NATIONWIDE, CELEBRATING 813 GRADUATES. IN THE CURRENT YEAR OF THE HYBRID BLUPRINT MODEL, BOTTOM LINE SUPPORTED 361 STUDENTS WITH A VIRTUAL ADVISOR, AS THEY WORKED THEIR WAY TOWARDS A COLLEGE DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Auditi Chakravarty Chair | OfficerTrustee | 1 | $0 |
Robert Ballard Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Thomas Secretary | OfficerTrustee | 1 | $0 |
John Bachman Treasurer | OfficerTrustee | 1 | $0 |
Alejandro Longoria Director | Trustee | 1 | $0 |
Anand Nair Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levy Restaurants Event Catering | 6/29/15 | $101,040 |
The Bridgespan Group Consulting | 6/29/15 | $100,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,080,117 |
| Related organizations | $0 |
| Government grants | $249,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,042,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,372,392 |
| Total Program Service Revenue | $555,950 |
| Investment income | $501,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,835 |
| Net Income from Fundraising Events | -$7,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,544,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,349,528 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $946,722 |
| Compensation of current officers, directors, key employees. | $342,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,943,241 |
| Pension plan accruals and contributions | $147,743 |
| Other employee benefits | $807,660 |
| Payroll taxes | $850,440 |
| Fees for services: Management | $64,090 |
| Fees for services: Legal | $27,938 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $33,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,151 |
| Fees for services: Other | $2,075,022 |
| Advertising and promotion | $234,737 |
| Office expenses | $264,344 |
| Information technology | $380,706 |
| Royalties | $0 |
| Occupancy | $871,637 |
| Travel | $60,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $379,070 |
| Interest | $372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,335 |
| Insurance | $0 |
| All other expenses | $113,204 |
| Total functional expenses | $19,235,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,233,696 |
| Savings and temporary cash investments | $12,025,173 |
| Pledges and grants receivable | $8,582,114 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $287,436 |
| Net Land, buildings, and equipment | $59,218 |
| Investments—publicly traded securities | $14,614,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,945 |
| Other assets | $1,901,219 |
| Total assets | $39,708,126 |
| Accounts payable and accrued expenses | $1,162,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,942,316 |
| Total liabilities | $3,104,662 |
| Net assets without donor restrictions | $24,159,371 |
| Net assets with donor restrictions | $12,444,093 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,708,126 |