Presentation School Foundation Inc
- Assets
- $5.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Brighton, MA
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 14-1910759
Organization Overview
Presentation School Foundation Inc is located in Brighton, MA. The organization was established in 2005. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Presentation 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 12/2023, Presentation School Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
THE PRESENTATION SCHOOL FOUNDATION (PSF) ENHANCES A VIBRANT COMMUNITYTHROUGH ENRICHING SOCIAL, EDUCATIONAL, & CULTURAL OPPORTUNITIES FOR FAMILIES & INDIVIDUALS OF ALL AGES IN THE ALLSTON-BRIGHTON NEIGHBORHOOD OF BOSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSF COMMUNITY CENTER IS AN ANCHOR INSTITUTION IN ALLSTON BRIGHTON, OFFERING A CENTRAL ACCESS POINT TO A RANGE OF CRITICAL SERVICES TO THE MOST VULNERABLE MEMBERS OF THE COMMUNITY-PARTICULARLY LOW-INCOME FAMILIES AND RECENT IMMIGRANTS. PSF COMMUNITY CENTER IS HOME TO:-A FOOD PANTRY, EMPLOYMENT, TAX AND FUEL ASSISTANCE PROGRAMS FOR LOW INCOME RESIDENTS;-A DIAPER PANTRY, PLAYGROUPS FOR BABIES, TODDLERS AND PRESCHOOLERS, AND PARENTING RESOURCES;-FOOD ACCESS INITIATIVES FOR LOW INCOME RESIDENTS; AND-AN EARLY EDUCATION AND CHILD CARE CENTER.--TWO COMMUNITY ROOMS, WHICH ARE AVAILABLE FOR FREE USE BY NONPROFITS, SERVING MORE THAN 35 GROUPS ANNUALLY.PSF COMMUNITY CENTER ORGANIZES A VARIETY OF COMMUNITY SERVICES INCLUDING FOOD, CLOTHING, SCHOOL SUPPLY, HOLIDAY GIFT DRIVES, FLU AND COVID-19 VACCINE CLINICS. IN A DIVERSE NEIGHBORHOOD WHERE MANY NONPROFITS HAVE BEEN DISPLACED BECAUSE OF ESCALATING RENTS AND DEVELOPMENT, PSF COMMUNITY CENTER IS WIDELY REGARDED AS A CRITICAL RESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clodagh Drummey Exeuctive Director | Officer | 40 | $91,000 |
Martin Gredinger Chief Financial Officer | Officer | 4 | $40,687 |
Stephanie Esowune Director | Trustee | 1 | $0 |
Doris Walsh Director | Trustee | 1 | $0 |
Jim Prince Director | Trustee | 1 | $0 |
Sean Effel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,349 |
| Related organizations | $0 |
| Government grants | $169,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,609 |
| Total Program Service Revenue | $753,828 |
| Investment income | $1 |
| 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 | $1,042,438 |
| 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. | $91,000 |
| Compensation of current officers, directors, key employees. | $27,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,008 |
| Advertising and promotion | $0 |
| Office expenses | $13,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,467 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,394 |
| Insurance | $29,356 |
| All other expenses | $0 |
| Total functional expenses | $1,043,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,827 |
| 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 | $4,429 |
| Net Land, buildings, and equipment | $4,725,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,074,926 |
| Accounts payable and accrued expenses | $32,682 |
| Grants payable | $0 |
| Deferred revenue | $10,549 |
| 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 | $4,099,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,142,283 |
| Net assets without donor restrictions | $910,103 |
| Net assets with donor restrictions | $22,540 |
| 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 | $5,074,926 |