Presentation School Foundation Inc
- Assets
- $5.3m
- Revenue
- $874.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Brighton, MA
- Founding
- 01/2005
- Data as of
- 12/2022
- 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 12/2022, Presentation School Foundation Inc generated $874.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
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 |
Jim Prince President | OfficerTrustee | 4 | $0 |
Noah Feldman Clerk | OfficerTrustee | 2 | $0 |
Doris Walsh Director | Trustee | 1 | $0 |
Jennifer Christie Director | Trustee | 1 | $0 |
Nancy Derosa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,378 |
| Related organizations | $0 |
| Government grants | $80,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,432 |
| Total Program Service Revenue | $656,037 |
| Investment income | $7 |
| 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 | $874,783 |
| 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. | $63,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,343 |
| Fees for services: Accounting | $75,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,160 |
| Advertising and promotion | $0 |
| Office expenses | $10,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,252 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,394 |
| Insurance | $32,479 |
| All other expenses | $0 |
| Total functional expenses | $1,091,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,206 |
| 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 | $5,858 |
| Net Land, buildings, and equipment | $5,028,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,273,831 |
| Accounts payable and accrued expenses | $26,036 |
| Grants payable | $0 |
| Deferred revenue | $54,422 |
| 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 | $4,259,455 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,339,913 |
| Net assets without donor restrictions | $922,648 |
| Net assets with donor restrictions | $11,270 |
| 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 | $5,273,831 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Presentation School Foundation Inc has recieved totaling $4,105.
| Awarding Organization | Amount |
|---|---|
Bay State Federal Savings Charitable Foundation Sagamore Beach, MA PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $1,000 |
David J & Sydney E Feldman Charitable Trust Dedham, MA PURPOSE: 2021 GIFT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |
Springfield Empowerment Zone Partnership Inc Springfield, MA | $1,933,246 | $3,615,602 |
Kipp Nyc Facility Holdings Inc New York, NY | $55,626,281 | $7,128,309 |
Successful Practices Network Inc Ballston Spa, NY | $2,522,540 | $4,135,083 |