Boston Schools Fund Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Boston, MA
- Founding
- 05/2015
- Data as of
- 06/2023
- EIN
- 47-3093274
Organization Overview
Boston Schools Fund Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Boston Schools Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Schools Fund 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 Schools Fund Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Boston Schools Fund Inc has awarded 96 individual grants totaling $8,440,604. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BSF PROVIDES GRANTS AND TECHNICAL ASSISTANCE TO BOSTON SCHOOLS AND NON-PROFIT ORGANIZATIONS, ANALYZES AND SHARES BOSTON SCHOOL DATA AND INFORMATION OF THE PUBLIC, AND SUPPORTS PUBLIC POLICIES IN SUPPORT OF THIS MISSION AND VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL INVESTMENT - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT OF HIGH-QUALITY, BOSTON-BASED SCHOOLS, THAT SERVE A HIGHPROPORTION OF ECONOMICALLY DISADVANTAGED STUDENTS, BLACK AND/OR LATINOSTUDENTS, STUDENTS WITH DISABILITIES, OR ENGLISH LEARNERS, AS THEY PLANFOR GROWTH AND EXECUTE EXPANSION OR REDESIGN PLANS.
POLICY AND ADVOCACY - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT TO COMMUNITY-BASED ORGANIZATIONS TO ADVANCE EDUCATION AS APRIMARY ISSUE FOR BOSTON RESIDENTS AND SUPPORT POLICIES THAT WILL DRIVEGREATER ACCESS FOR BOSTON'S FAMILIES TO HIGH-QUALITY SCHOOLS,ESPECIALLY THOSE WHO HAVE THE LEAST ACCESS TODAY.
DATA AND RESEARCH - INTENDED TO PERFORM RESEARCH, BUILD ORGANIZATIONAL DATA CAPACITY, AND MAINTAIN BOSTON SCHOOL FINDER WEB TOOL TO ASSIST FAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE SCHOOL THAT BEST MEETS THEIR NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Austin Founder & CEO | OfficerTrustee | 40 | $211,548 |
Rana Kannan Chief Operating Officer | Officer | 40 | $186,840 |
Kerry Donahue Chief Strategy Officer | Officer | 40 | $186,840 |
Natalya Subbotina Director Of Operations | 40 | $117,565 | |
Meghan O'keefe Managing Director Of Investment | 40 | $160,073 | |
Lisa Jackson Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smartling Inc Translation Services | 6/29/19 | $144,928 |
Kenwood Advising School Support | 6/29/19 | $113,153 |
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 | $1,908,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,908,684 |
| Total Program Service Revenue | $0 |
| Investment income | $3,656 |
| 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 | $1,912,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $720,445 |
| 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. | $659,584 |
| Compensation of current officers, directors, key employees. | $65,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $666,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,611 |
| Payroll taxes | $96,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,335 |
| Fees for services: Accounting | $45,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,841 |
| Advertising and promotion | $17,189 |
| Office expenses | $32,377 |
| Information technology | $8,259 |
| Royalties | $0 |
| Occupancy | $62,201 |
| Travel | $14,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,440 |
| All other expenses | $0 |
| Total functional expenses | $2,679,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,845 |
| Savings and temporary cash investments | $1,098,094 |
| Pledges and grants receivable | $779,586 |
| 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 | $6,352 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,954,877 |
| Accounts payable and accrued expenses | $64,239 |
| 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 | $64,239 |
| Net assets without donor restrictions | $586,052 |
| Net assets with donor restrictions | $1,304,586 |
| 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 | $1,954,877 |
Grants Awarded
Over the last fiscal year, Boston Schools Fund Inc has awarded $720,445 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON EDUCATIONAL DEVELOPMENT FUND PURPOSE: SCHOOL GRANTS TO 4 SCHOOLS FOR PLANNING, IMPROVEMENT, AND EXPANSION | $114,000 |
CONSERVATORY LAB CHARTER SCHOOL PURPOSE: TO IMPROVE THE LEARNING OUTCOMES OF STUDENTS THROUGH EFFECTIVE IMPLEMENTATION OF HIGH QUALITY INSTRUCTIONAL MATERIALS WITH A FOCUS ON HISTORICALLY MARGINALIZED STUDENTS INCLUDING THOSE THAT IDENTIFY AS BLACK, LATINX, STUDENTS WITH DISABILITIES, AND ENGLISH LEARNERS | $10,000 |
50CAN PURPOSE: GRANT TO SCHOOLFACTS BOSTON | $200,000 |
CONSORTIUM ON REACHING EXCELLENCE IN EDUCATION INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $60,966 |
ATTUNED EDUCATION PARTNERS PURPOSE: LEARNING ACCELERATION SUPPORT | $199,650 |
FRIENDS OF THE RAFAEL HERNNDEZ SCHOOL PURPOSE: TO IMPROVE THE LEARNING OUTCOMES OF STUDENTS THROUGH EFFECTIVE IMPLEMENTATION OF HIGH QUALITY INSTRUCTIONAL MATERIALS WITH A FOCUS ON HISTORICALLY MARGINALIZED STUDENTS INCLUDING THOSE THAT IDENTIFY AS BLACK, LATINX, STUDENTS WITH DISABILITIES, AND ENGLISH LEARNERS | $23,948 |