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Nonprofiteer
← PRESENTATION SCHOOL FOUNDATION INC

Form 990 for tax year 2024

Filed by PRESENTATION SCHOOL FOUNDATION INC.

Totals

Total revenue
$953,540
Total expenses
$1,187,070
Contributions and grants received
$144,045
Grants paid
$0
Program service revenue
$809,202
Investment income
$0
Other revenue
$293
Total assets, end of year
$4,714,860
Total liabilities, end of year
$4,015,747
Net assets or fund balances, end of year
$699,113
Program services expenses (Part IX)
$1,004,860
Management and general expenses
$103,942
Fundraising expenses
$78,268
Program service expenses (Part III)
$1,004,860

Program services were 84.7% 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.

  • 1c · Fundraising events

    $45,770

  • 1f · All other contributions, gifts and grants

    $98,275

  • 2a · Program service revenue: Rental Income

    total $809,202 · related or exempt $809,202

  • 8a · Fundraising events: contributions included on line 1c

    $45,770

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other income

    total $293 · related or exempt $293

  • 11e · Other revenue, total

    $293

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,000 · program services $35,600 · management and general $26,700 · fundraising $26,700

  • 10 · Payroll taxes

    total $6,970 · program services $2,788 · management and general $2,091 · fundraising $2,091

  • 11c · Fees: accounting

    total $53,887 · management and general $53,887

  • 11g · Fees: other

    total $63,770 · program services $55,387 · management and general $47 · fundraising $8,336

  • 13 · Office expenses

    total $10,882 · management and general $10,882

  • 16 · Occupancy

    total $227,380 · program services $227,380

  • 20 · Interest

    total $270,827 · program services $270,827

  • 22 · Depreciation, depletion and amortization

    total $321,649 · program services $321,649

  • 23 · Insurance

    total $23,663 · program services $21,769 · management and general $1,894

  • 24a · Other expenses: Supplies

    total $49,383 · program services $38,189 · management and general $6,933 · fundraising $4,261

  • 24b · Other expenses: Development and fundraising

    total $36,880 · fundraising $36,880

  • 24c · Other expenses: RE taxes

    total $31,271 · program services $31,271

  • 24d · Other expenses: Bank fees

    total $1,508 · management and general $1,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $343,437 · end of year $273,654

  • 4 · Accounts receivable

    beginning of year $1,827 · end of year $6,881

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,429 · end of year $14,373

  • 10a · Land, buildings and equipment: cost or other basis

    $8,275,737

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,855,785

  • 10c · Land, buildings and equipment, net

    beginning of year $4,725,233 · end of year $4,419,952

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,682 · end of year $47,310

  • 19 · Deferred revenue

    beginning of year $10,549 · end of year $29,792

  • 23 · Secured mortgages and notes payable

    beginning of year $4,099,052 · end of year $3,938,645

  • 27 · Net assets without donor restrictions

    beginning of year $910,103 · end of year $675,213

  • 28 · Net assets with donor restrictions

    beginning of year $22,540 · end of year $23,900

Mission and programs · 2024

Mission

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.

  • 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.

    Expenses $1,004,860

As filed on the 2024 return.

Listed in Part VII

  • Clodagh Drummey

    Exeuctive Director

    Total calculated
    $89,000
    From this org
    $89,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Martin Gredinger

    Chief Financial Officer

    Total calculated
    $30,675
    From this org
    $30,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Faisal Abid

    Director

    Total calculated
    $0
    Hours/week
    2

  • Pilar Ortiz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Avril Jean Noel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sandy Chin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charlie Vasiliades

    Director

    Total calculated
    $0
    Hours/week
    1

  • Doris Walsh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Esowune

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nancy Derosa

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sean Effel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Prince

    Director

    Total calculated
    $0
    Hours/week
    2

  • Samilla Quiroa

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mairead Van Heest

    Director

    Total calculated
    $0
    Hours/week
    2

  • Thomas OBrien

    President - Chair

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Christie

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Noah Feldman

    Clerk

    Total calculated
    $0
    Hours/week
    2

  • Sheila Quinn

    Vice President

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2025
IRS schema version
2024v5.1
Source object
202511079349300431

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