Form 990 for tax year 2024
Filed by BOSTON ARTS ACADEMY FOUNDATION INC.
Totals
- Total revenue
- $6,506,069
- Total expenses
- $5,503,770
- Contributions and grants received
- $5,339,624
- Grants paid
- $328,242
- Program service revenue
- $0
- Investment income
- $329,521
- Other revenue
- $836,924
- Total assets, end of year
- $13,352,262
- Total liabilities, end of year
- $1,927,805
- Net assets or fund balances, end of year
- $11,424,457
- Program services expenses (Part IX)
- $3,691,763
- Management and general expenses
- $592,088
- Fundraising expenses
- $1,219,919
- Program service expenses (Part III)
- $3,691,763
Program services were 67.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$5,339,624
-
3 · Investment income
total $184,085 · related or exempt $184,085
-
7a · Gross sales of assets other than inventory
securities $1,050,506
-
7b · Less cost or other basis and sales expenses
securities $905,070
-
7c · Gain or loss
securities $145,436
-
7d · Net gain or loss
total $145,436 · related or exempt $145,436
-
8a · Fundraising events: gross income
$1,182,651
-
8b · Fundraising events: direct expenses
$345,727
-
8c · Net income from fundraising events
total $836,924 · excluded $836,924
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $59,368 · program services $59,368
-
2 · Grants to domestic individuals
total $268,874 · program services $268,874
-
5 · Compensation of officers, directors and key employees
total $412,568 · program services $206,284 · management and general $103,142 · fundraising $103,142
-
7 · Other salaries and wages
total $1,860,530 · program services $1,563,292 · management and general $142,850 · fundraising $154,388
-
8 · Pension plan contributions
total $60,948 · program services $34,740 · management and general $12,799 · fundraising $13,409
-
9 · Other employee benefits
total $129,925 · program services $73,246 · management and general $27,695 · fundraising $28,984
-
10 · Payroll taxes
total $89,818 · program services $50,814 · management and general $19,055 · fundraising $19,949
-
11g · Fees: other
total $901,917 · program services $431,708 · management and general $123,042 · fundraising $347,167
-
13 · Office expenses
total $141,539 · program services $92,840 · management and general $38,018 · fundraising $10,681
-
17 · Travel
total $137,137 · program services $36,331 · management and general $9,398 · fundraising $91,408
-
22 · Depreciation, depletion and amortization
total $74,515 · program services $37,738 · management and general $3,886 · fundraising $32,891
-
23 · Insurance
total $8,581 · management and general $8,581
-
24a · Other expenses: CREDIT LOSS EXPENSE
total $394,580 · program services $394,580
-
24b · Other expenses: SPECIAL EVENT EXPENSE
total $346,527 · fundraising $346,527
-
24c · Other expenses: COMPUTER AND TECHNOLOGY
total $198,364 · program services $157,667 · management and general $19,893 · fundraising $20,804
-
24d · Other expenses: SCHOOL AND STUDENT SUPP
total $193,980 · program services $192,243 · management and general $1,117 · fundraising $620
-
24e · All other expenses
total $224,599 · program services $92,038 · management and general $82,612 · fundraising $49,949
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,963,297 · end of year $2,621,093
-
3 · Pledges and grants receivable
beginning of year $4,081,454 · end of year $5,364,860
-
9 · Prepaid expenses and deferred charges
beginning of year $200,675 · end of year $183,156
-
10a · Land, buildings and equipment: cost or other basis
$826,589
-
10b · Land, buildings and equipment: accumulated depreciation
$738,664
-
10c · Land, buildings and equipment, net
beginning of year $158,857 · end of year $87,925
-
11 · Investments: publicly traded securities
beginning of year $5,137,594 · end of year $4,907,693
-
15 · Other assets
beginning of year $89,432 · end of year $187,535
-
17 · Accounts payable and accrued expenses
beginning of year $1,273,022 · end of year $1,746,894
-
25 · Other liabilities
beginning of year $89,432 · end of year $180,911
-
27 · Net assets without donor restrictions
beginning of year $3,451,663 · end of year $1,359,001
-
28 · Net assets with donor restrictions
beginning of year $6,817,192 · end of year $10,065,456
Mission and programs · 2024
Mission
THE BOSTON ARTS ACADEMY FOUNDATION RAISES FUNDS IN SUPPORT OF BOSTONARTS ACADEMY. WITHOUT THIS SUPPORT OUR YOUNG PEOPLE, LIVING IN ONE OFTHE CULTURAL CAPITALS OF THE WORLD, WOULD HAVE NO PUBLIC HIGH SCHOOLFOR THE ARTS.
Activities or mission (Part I)
TO RAISE PRIVATE FUNDS IN SUPPORT OF OUR CITY'S ONLY PUBLIC HIGH SCHOOL FOR THE ARTS.
-
BAA ARTS FACULTY & STAFF: PROVIDE FUNDING FOR ARTS FACULTY & STAFF SALARIES & BENEFITS
Expenses $1,052,494 · Grants $150,000
-
COLLEGE SUCCESS: COLLEGE PREP SUPPORTS, COLLEGE VISITS AND STUDENT SCHOLARSHIPS
Expenses $220,476
-
HEALTH & WELLNESS: PROVIDE FUNDING FOR STAFF AND CONTRACT PARTNERS TO FOSTER STUDENT HEALTH AND WELLNESS
Expenses $124,768 · Grants $110,000
-
Expenses $2,294,025 · Grants $68,242
As filed on the 2024 return.
Listed in Part VII
-
TERRI ROSICA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
MAGGIE BAXTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
ANTOINE MELAY JR
TREASURER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
HECTOR PINA
VICE CHAIR & BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
MALIK YOBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
ALEXANDER ZAPATA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
DAN SCHUTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
HILINA AJAKAIYE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
MARK LEV
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
PAMELA DA REEVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
PETRINA MARTIN CHERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
RAYNYA SIMMONS
SECRETARY
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
STEPHANIE BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
DENISE HAYES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
JILL BOSCO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
PAULITA DAVID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
JED DAVIDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
ANDREW FLYNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
WILLIAM GROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
KATHY HART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
STEVEN JOHNIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
DYLAN LEAVITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
LORENA SILVA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
KIRK TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
DAVID FELTON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4 + 1 related
-
DENELLA CLARK
PRESIDENT & CEO
- Total calculated
- $412,567
- From this org
- $385,424
- From related orgs
- $0
- Other
- $27,143
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $271,425
- Bonus
- $113,999
- Other
- $0
- Deferred
- $27,143
- Nontaxable benefits
- $0
- Filer's total
- $412,567
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BOSTON ARTS ACADEMY
501(C)(3) · BOSTON PUBLIC SCHOOL · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543169349301014
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