The Boston Education Development Foundation Inc
- Assets
- $14.2m
- Revenue
- $7.3m
- Investments
- $13.5m
- Employees
- 36
- Location
- Roxbury, MA
- Founding
- 11/1985
- Data as of
- 06/2021
- EIN
- 22-2514422
Organization Overview
The Boston Education Development Foundation Inc is located in Roxbury, MA. The organization was established in 1985. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2021, Boston Education Development Foundation Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Education Development 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 06/2021, Boston Education Development Foundation Inc generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BOSTON EDUCATIONAL DEVELOPMENT FOUNDATION, INC. (BEDF) IS THE EDUCATION FOUNDATION FOR THE BOSTON PUBLIC SCHOOLS (BPS). AS THE FISCAL AGENT, NON-PROFIT PARTNER OF BPS, BEDF ENABLES A WIDE RANGE OF PROGRAMS AND SERVICES OPERATED BY BPS SCHOOLS AND DEPARTMENTS. THE MAJORITY OF BEDF FUNDING REVENUES COME FROM LOCAL AND NATIONAL PHILANTHROPY, SUCH AS FOUNDATIONS, CORPORATIONS AND INDIVIDUAL DONORS. THIS FUNDING SUSTAINS AND EXPANDS EDUCATIONAL OPPORTUNITIES THAT MAY OTHERWISE BE UNAVAILABLE, SUCH AS SCHOOL PROGRAMMING FOR STUDENTS, LEADERSHIP AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS, AND ENGAGEMENT ACTIVITIES FOR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM: STEM READINESS & BEESDESCRIPTION: THIS PROGRAM TRAINED EDUCATORS AND PROVIDED ACCESS TO NECESSARY TOOLS AND EDUCATIONAL EXPERIENCES TO SUCCESSFULLY TEACH STEM EDUCATION IN THE 21ST CENTURY ENVIRONMENT. THE PROGRAM OFFERED PROFESSIONAL DEVELOPMENT FOR STEM EDUCATORS, ENHANCEMENT OF STEM CURRICULA AND ENGAGEMENT WITH STEM PROFESSIONALS.
PROGRAM: EARLY CHILDHOOD AT HOME KITSDESCRIPTION: FUNDING FROM THE BOSTON OPPORTUNITY AGENDA AND UNITED WAY WAS USED TO PURCHASE CURRICULUM BOOKS AND ELA SUPPLIES FOR 16,746, K0 TO 2ND GRADE STUDENTS IN 85 SCHOOLS ACROSS THE DISTRICT. MATERIALS WERE DELIVERED TO SCHOOLS FOR DISTRIBUTION TO FAMILIES' HOMES. THE MATERIALS WERE INTENDED TO SUPPORT REMOTE STUDENT LEARNING DUE TO COVID CLOSURES.
PROGRAM: EARLY CHILDHOOD K! PROGRAMDESCRIPTION: THIS PROGRAM SUPPORTED THE DEVELOPMENT OF THE FOCUS CURRICULUM AND ITS ADAPTATIONS FOR IMPLEMENTATION OUTSIDE BPS. FUNDS ALSO SUPPORT THE DEPARTMENT OF EARLY CHILDHOOD OPERATIONS AND FINANCIAL MANAGEMENT WORK. .
OTHER PROGRAMS WHICH PROVIDE EDUCATIONAL AND SUPPORT SERVICES TO BPS STUDENTS AND EDUCATORS THROUGH VARIOUS GRANTS AND DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felipe Flores Herrera Executive Director | Officer | 40 | $112,868 |
Essence Mcgill Arzu President | OfficerTrustee | 1 | $0 |
Trinh Nguyen Interim Treasurer | OfficerTrustee | 1 | $0 |
Laura Dziorny Clerk | OfficerTrustee | 1 | $0 |
Klare Shaw Director | Trustee | 1 | $0 |
Muriel Leonard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,949,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,985,610 |
| Total Program Service Revenue | $222,531 |
| Investment income | $130,519 |
| 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 | $7,338,660 |
| 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. | $139,093 |
| Compensation of current officers, directors, key employees. | $139,093 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,275 |
| Payroll taxes | $47,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,890 |
| Advertising and promotion | $0 |
| Office expenses | $14,979 |
| 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 | $4,469 |
| All other expenses | $0 |
| Total functional expenses | $6,785,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $620,930 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,538,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,159,042 |
| Accounts payable and accrued expenses | $50,076 |
| Grants payable | $0 |
| 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 | $50,076 |
| Net assets without donor restrictions | $785,533 |
| Net assets with donor restrictions | $13,323,433 |
| 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 | $14,159,042 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that The Boston Education Development Foundation Inc has recieved totaling $964,940.
| Awarding Organization | Amount |
|---|---|
Boston After School & Beyond Inc Boston, MA PURPOSE: TO FURTHER THE MISSION OF THE SUMMER LEARNING COMMUNITY AND THE PARTNERSHIPS IN SOCIAL AND EMOTIONAL LEARNING INITIATIVE | $366,943 |
Boston Schools Fund Inc Boston, MA PURPOSE: SCHOOL GRANTS TO 4 SCHOOLS FOR PLANNING, IMPROVEMENT, AND EXPANSION | $335,090 |
Klarman Family Foundation Boston, MA PURPOSE: MUSIC PATHWAYS FOR YOUTH: TO SUPPORT THE MAKING MUSIC MATTERS PROGRAM FOR FISCAL YEARS 2022 AND 2023 | $75,000 |
Klarman Family Foundation Boston, MA PURPOSE: MUSIC PATHWAYS FOR YOUTH: TO SUPPORT THE MAKING MUSIC MATTERS PROGRAM FOR FISCAL YEARS 2022 AND 2023 | $75,000 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: THE HUB IS US PROGRAM | $25,000 |
Edvestors Inc Boston, MA PURPOSE: CP PLANNING GRANT | $12,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |
Kimi Nichols Center Plaistow, NH | $2,742,152 | $7,599,619 |
University At Buffalo Student Association Inc Buffalo, NY | $6,243,803 | $4,544,119 |
Handz-On Inc Hartford, CT | $1,667,828 | $5,148,389 |
Empirical Resolution Inc New York, NY | $7,350,506 | $4,345,659 |