Friends Of Breakthrough Schools
- Assets
- $75.2m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/2011
- Data as of
- 06/2022
- EIN
- 20-4948838
Organization Overview
Friends Of Breakthrough Schools is located in Cleveland, OH. The organization was established in 2011. 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. Friends Of Breakthrough Schools 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 06/2022, Friends Of Breakthrough Schools generated $16.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Friends Of Breakthrough Schools has awarded 76 individual grants totaling $23,054,978. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PERFORM FUNDRAISING AND ADVOCACY ACTIVITIES THAT (SEE SCHEDULE O) EXCLUSIVELY SUPPORT THE OPERATIONS AND GROWTH OF THE BREAKTHROUGH PUBLIC SCHOOLS MANAGEMENT ORGANIZATION AND ALL ITS MEMBER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF BREAKTHROUGH SCHOOLS, AND PRIOR TO THAT, FRIENDS OF E PREP, HASA LONG HISTORY OF RAISING FUNDS TO FILL THE GAP BETWEEN THE INEQUITABLEFUNDING THE GOVERNMENT PROVIDES TO THE CHARTER SCHOOLS AND WHAT IS ACTUALLYNEEDED. THE AGENCY CURRENTLY RAISES FUNDS FOR SIX CHARTER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudy Bentlage Trustee | Trustee | 1 | $0 |
Jeff Berlin Trustee | Trustee | 1 | $0 |
Matt Brewer Trustee | Trustee | 1 | $0 |
Nina Butler Trustee | Trustee | 1 | $0 |
Jim Carulas Trustee | Trustee | 1 | $0 |
Susan Chiancone Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Twenty Six Two Consulting Consulting | 6/29/22 | $124,280 |
Jetpack Group Limited Consulting | 6/29/22 | $107,400 |
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 | $5,673,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,673,887 |
| Total Program Service Revenue | $4,217,363 |
| Investment income | $616,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,093,947 |
| Net Income from Fundraising Events | $919,698 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,825,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,589 |
| 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 | $1,234,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $341,954 |
| Office expenses | $27,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,147,583 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,672,820 |
| Insurance | $5,589 |
| All other expenses | $67,549 |
| Total functional expenses | $8,693,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,215,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,988,731 |
| Accounts receivable, net | $223,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,217,326 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,078 |
| Net Land, buildings, and equipment | $21,181,325 |
| Investments—publicly traded securities | $34,063,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $254,574 |
| Total assets | $75,177,314 |
| Accounts payable and accrued expenses | $222,886 |
| Grants payable | $0 |
| Deferred revenue | $261,846 |
| 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 | $19,740,000 |
| Unsecured mortgages and notes payable | $617,177 |
| Other liabilities | $0 |
| Total liabilities | $20,841,909 |
| Net assets without donor restrictions | $50,865,141 |
| Net assets with donor restrictions | $3,470,264 |
| 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 | $75,177,314 |
Grants Awarded
Over the last fiscal year, Friends Of Breakthrough Schools has awarded $382,083 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE PREP CLIFFS PURPOSE: SCHOOL FUNDING | $74,546 |
VILLAGE PREP WOODLAND HILLS PURPOSE: SCHOOL FUNDING | $65,169 |
CITIZENS ACADEMY PURPOSE: SCHOOL FUNDING | $29,733 |
VILLAGE PREP WILLARD PURPOSE: SCHOOL FUNDING | $49,691 |
BREAKTHROUGH SCHOOLS PURPOSE: SCHOOL FUNDING | $47,859 |
CITIZENS LEADERSHIP ACADEMY PURPOSE: SCHOOL FUNDING | $25,478 |