Boston Collegiate Charter School Foundation Inc
- Assets
- $40.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Dorchester, MA
- Founding
- 10/1998
- Data as of
- 06/2023
- EIN
- 06-1503911
Organization Overview
Boston Collegiate Charter School Foundation Inc is located in Dorchester, MA. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Collegiate Charter School Foundation 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, Boston Collegiate Charter School Foundation Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. 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
TO PROMOTE THE FINANCIAL WELL-BEING OF BOSTON COLLEGIATE CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION (THE FOUNDATION) SUPPORTS BOSTON COLLEGIATE CHARTER SCHOOL BY PROVIDING PHILANTHROPIC DOLLARS, FACILITIES, AND LEADERSHIP. IN FY23, PHILANTHROPIC FUNDS FROM THE FOUNDATION PROVIDED BOTH RESTRICTED AND UNRESTRICTED BUDGET OFFSETTO THE SCHOOL FOR ACTIVITIES OUTSIDE OF THE SCHOOL'S CORE ACADEMIC PROGRAM. EXAMPLES OF INITIATIVES FUNDED BY PHILANTHROPY IN FY23 INCLUDE, BUT ARE NOT LIMITED TO: ALUMNI SUPPORT; COLLEGE AND CAREER EXPOSURE; SOCIAL EMOTIONAL LEARNING INTERVENTIONS; DIVERSITY, EQUITY, AND INCLUSION TRAINING; EXPANDED ATHLETICS OFFERINGS AND THE SCHOOL'S STUDENTS IN NEED PROGRAM, WHICH PROVIDES BASIC NEEDS--SUCH AS WINTER COATS, UNIFORMS, AND SCHOOL SUPPLIES -- TO STUDENTS AND FAMILIES WHO ARE STRUGGLING FINANCIALLY.THE BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION SUPPORTS THE SCHOOL'S OVERALL MISSION OF PREPARING EACH OF ITS 700 STUDENTS FOR COLLEGE. WITH SUPPORT FROM THE FOUNDATION, BOSTON COLLEGIATE IS PROUD OF THE FOLLOWING ACCOMPLISHMENTS ACHIEVED IN FY23:- FOR THE TWENTIETH CONSECUTIVE YEAR, 100% OF BOSTON COLLEGIATE'S DIPLOMA-EARNING GRADUATES EARNED ACCEPTANCE TO A FOUR-YEAR COLLEGE;- MEMBERS OF THE BOSTON COLLEGIATE'S CLASS OF 2023 EARNED ADMITTANCE TO NORTHEASTERN UNIVERSITY, CAL POLY, UNION COLLEGE, VIRGINIA TECH, WENTWORTH INSITUTE OF TECHNOLOGY, AND YALE UNIVERSITY, AS WELL AS EVERY SCHOOL WITHIN THE UNIVERSITY OF MASSACHUSETTS STATE SCHOOL SYSTEM;- BOSTON COLLEGIATE CONTINUED TO EXPAND THE IMPLEMENTATION OF PROJECT-BASED LEARNING (PBL), WHICH ENCOURAGES STUDENT-LED INQUIRY AND ENGAGEMENT WITH REAL-WORLD CHALLENGES- TO HELP STUDENTS DEVELOP PROFESSIONAL SKILLS, PRACTICE NETWORKING, AND SAMPLE CAREER FEILDS THAT INTEREST THEM, BOSTON COLLEGIATE RAN A TWO-WEEK OFF-SITE INTERNSHIP PROGRAM FOR JUNIORS IN MAY. INTERNSHIP SITES INCLUDE ORGANIZATIONS SUCH AS AGIOS PHARMACEUTICALS, BOSTON MEDICAL CENTER, THE MASSACHUSETTS STATE HOUSE, THE MIDDLE EAST MUSIC CLUB, TURNER CONSTRUCTION, AND A RANGE OF OTHER NONPROFITS AND LOCAL BUSINESSES- THE BOSTON COLLEGIATE HURRICANES BOYS' CROSS COUNTRY, GIRLS' SOFTBALL, AND BOYS' BASEBALL TEAMS WON MASSACHUSETTS CHARTER SCHOOL ATHLETIC ORGANIZATION STATE CHAMPIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cassidy President And Chair | OfficerTrustee | 2 | $0 |
Rob Lawrence Treasurer | OfficerTrustee | 0.5 | $0 |
Chris Churchill Clerk | OfficerTrustee | 0.5 | $0 |
Brett Peiser Director | Trustee | 0.5 | $0 |
Susan Fortin Director | Trustee | 0.5 | $0 |
Nina Ross Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,029,406 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $552,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,581,519 |
| Total Program Service Revenue | $0 |
| Investment income | $279,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,958 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$48,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,836,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,380,354 |
| Grants and other assistance to domestic individuals. | $8,438 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $4,192 |
| Fees for services: Accounting | $7,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,537 |
| Advertising and promotion | $10,835 |
| Office expenses | $35,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,581,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,632,094 |
| Pledges and grants receivable | $109,398 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,971,329 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,449 |
| Net Land, buildings, and equipment | $26,651,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,394,372 |
| Accounts payable and accrued expenses | $518,162 |
| Grants payable | $0 |
| Deferred revenue | $8,926,499 |
| Tax-exempt bond liabilities | $12,274,677 |
| 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 | $1,036,071 |
| Total liabilities | $22,755,409 |
| Net assets without donor restrictions | $17,110,900 |
| Net assets with donor restrictions | $528,063 |
| 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 | $40,394,372 |