Blessed Stephen Bellesini O S A Academy Inc
- Assets
- $4.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Lawrence, MA
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 04-3585445
Organization Overview
Blessed Stephen Bellesini O S A Academy Inc is located in Lawrence, MA. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Blessed Stephen Bellesini O S A Academy Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessed Stephen Bellesini O S A Academy 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 06/2021, Blessed Stephen Bellesini O S A Academy Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY SCHOLARSHIP EDUCATION TO BOYS AND GIRLS FROM LIMITED FINANCIAL MEANS LIVING IN LAWRENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A QUALITY SCHOLARSHIP EDUCATION TO BOYS AND GIRLS FROM LIMITED FINANCIAL MEANS LIVING IN LAWRENCE.
DEPRECIABLE ASSETS UTILIZED IN THE EDUCATION OF THE STUDENTS OF THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Cascio Vice Chair | OfficerTrustee | $0 | |
Travis Drouin Treasurer | OfficerTrustee | $0 | |
Susan Eliasen Secretary/cl | OfficerTrustee | $0 | |
John Schutz Trustee | OfficerTrustee | $0 | |
Firdaus Bhathena Trustee | Trustee | $0 | |
Ajita Bhat Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,282,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,360,286 |
| Total Program Service Revenue | $21,863 |
| Investment income | $730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,382,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $885,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,605 |
| Payroll taxes | $59,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $204 |
| Office expenses | $4,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,479 |
| Insurance | $0 |
| All other expenses | $15,674 |
| Total functional expenses | $1,412,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $424,544 |
| 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 | $3,109 |
| Net Land, buildings, and equipment | $3,447,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,577,255 |
| Accounts payable and accrued expenses | $64,907 |
| 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 | $819,803 |
| Other liabilities | $0 |
| Total liabilities | $884,710 |
| Net assets without donor restrictions | $2,153,429 |
| Net assets with donor restrictions | $1,539,116 |
| 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 | $4,577,255 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Blessed Stephen Bellesini O S A Academy Inc has recieved totaling $183,314.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $53,500 |
Catholic Schools Foundation Inc Boston, MA PURPOSE: SCHOLARSHIP SUPPORT | $50,000 |
Rands Foundation Westwood, MA PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,814 |
Samuel & Nancy Jo Altschuler Family Foundation Wilmington, DE PURPOSE: CAPITAL CAMPAIGN | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |