Boston Latin School Association
- Assets
- $71.4m
- Revenue
- -$8.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Boston, MA
- Founding
- 09/1960
- Data as of
- 06/2022
- EIN
- 04-6035973
Organization Overview
Boston Latin School Association is located in Boston, MA. The organization was established in 1960. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Boston Latin School Association employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Latin School Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION EXISTS TO PRESERVE AND SUPPORT THE MISSION AND EXCELLENCE OF THE BOSTON LATIN SCHOOL, TO BUILD AND MAINTAIN RELATIONSHIPS WITH ALUMNI, TO RAISE FUNDS FOR THESE ACTIVITIES
Describe the Organization's Program Activity:
BOSTON LATIN SCHOOL SUPPORT IS DESIGNED TO SUPPLEMENT FUNDING OF PROGRAMS IN TECHNOLOGY, LIBRARY, THE ARTS, MUSIC, DRAMA, ATHLETICS AND THE GENERAL ACADEMIC PROGRAM AT BOSTON LATIN SCHOOL, A PUBLIC SECONDARY SCHOOL.
STUDENT SCHOLARSHIPS ARE GRANTS FROM THE ASSOCIATION TO FUND COLLEGE SCHOLARSHIPS TO GRADUATING SENIORS.
COMMUNICATIONS AND PUBLICATIONS TO INFORM AND ENGAGE AND OTHER ALUMNI ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Kelly President | OfficerTrustee | 40 | $278,219 |
Patrick Hourigan Director Of Technology | 40 | $112,415 | |
John Owens Dir Of Athletics | 40 | $108,191 | |
Jim Gard Retired | $94,354 | ||
Flipe Flores Herrera Chief Financial Officer | OfficerTrustee | 40 | $72,718 |
Sean D Keohane Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,925,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,925,053 |
| Total Program Service Revenue | $167,780 |
| Investment income | $638,529 |
| 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 | -$8,021,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,634,796 |
| Grants and other assistance to domestic individuals. | $858,735 |
| 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 | $1,497,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $203,535 |
| Payroll taxes | $122,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,806 |
| Advertising and promotion | $0 |
| Office expenses | $35,486 |
| Information technology | $117,929 |
| Royalties | $0 |
| Occupancy | $118,093 |
| Travel | $12,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,144 |
| Insurance | $6,551 |
| All other expenses | $44,608 |
| Total functional expenses | $5,078,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $702,256 |
| 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 | $219,524 |
| Net Land, buildings, and equipment | $5,395 |
| Investments—publicly traded securities | $70,344,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,373,277 |
| Accounts payable and accrued expenses | $1,169,786 |
| Grants payable | $680,266 |
| 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 | $0 |
| Total liabilities | $1,850,052 |
| Net assets without donor restrictions | $2,362,667 |
| Net assets with donor restrictions | $67,160,558 |
| 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 | $71,373,277 |