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← BROOKE SCHOOL FOUNDATION

Form 990 for tax year 2022

Filed by BROOKE SCHOOL FOUNDATION.

Totals

Total revenue
$10,159,296
Total expenses
$1,244,359
Contributions and grants received
$7,820,947
Grants paid
$964,748
Program service revenue
$0
Investment income
$2,003,935
Other revenue
$334,414
Total assets, end of year
$44,820,601
Total liabilities, end of year
$8,044,530
Net assets or fund balances, end of year
$36,776,071
Program services expenses (Part IX)
$1,235,542
Management and general expenses
$8,817
Fundraising expenses
$0
Program service expenses (Part III)
$1,235,542

Program services were 99.3% 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

    $7,820,947

  • 3 · Investment income

    total $2,003,935 · excluded $2,003,935

  • 6a · Gross rents

    real property $70,303

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $70,303

  • 6d · Net rental income or loss

    total $70,303 · excluded $70,303

  • 11a · Other revenue: TAX CREDIT REVENUE

    total $264,111 · excluded $264,111

  • 11e · Other revenue, total

    $264,111

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $961,748 · program services $961,748

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 11c · Fees: accounting

    total $7,800 · management and general $7,800

  • 20 · Interest

    total $86,522 · program services $86,522

  • 22 · Depreciation, depletion and amortization

    total $144,872 · program services $144,872

  • 24a · Other expenses: PROF. DEVELOPMENT

    total $36,900 · program services $36,900

  • 24b · Other expenses: FINANCING FEES

    total $2,500 · program services $2,500

  • 24c · Other expenses: DUES AND SUBSCRPTIONS

    total $1,017 · management and general $1,017

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,844,835 · end of year $9,792,255

  • 3 · Pledges and grants receivable

    beginning of year $844,960 · end of year $175,500

  • 7 · Other notes and loans receivable

    beginning of year $31,247,697 · end of year $30,201,545

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

    $7,160,000

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

    $2,508,699

  • 10c · Land, buildings and equipment, net

    beginning of year $4,596,173 · end of year $4,651,301

  • 15 · Other assets

    beginning of year $4,662 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,960 · end of year $164,192

  • 19 · Deferred revenue

    beginning of year $6,920,638 · end of year $6,769,511

  • 23 · Secured mortgages and notes payable

    beginning of year $4,508,606

  • 25 · Other liabilities

    beginning of year $1,206,327 · end of year $1,110,827

  • 27 · Net assets without donor restrictions

    beginning of year $25,622,132 · end of year $34,343,380

  • 28 · Net assets with donor restrictions

    beginning of year $2,243,664 · end of year $2,432,691

Mission and programs · 2022

Mission

THE MISSION OF THE BROOKE SCHOOL FOUNDATION IS THE ENHANCEMENT OF EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN THE BOSTON AREA, SPECIFICALLY PROMOTING THE FINANCIAL WELL BEING OF THE BROOKE CHARTER SCHOOLS.

Activities or mission (Part I)

PROMOTE THE FINANCIAL WELL-BEING AND PROVIDE FINANCIAL SUPPORT TO THE BROOKE CHARTER SCHOOLS, THEIR STUDENTS, AND THEIR GRADUATES.

  • PROMOTE THE FINANCIAL WELL-BEING OF THE BROOKE CHARTER SCHOOLS BY SOLICITING, RECEIVING, AND ADMINISTERING FUNDS FOR THE CONSTRUCTION, OPERATION, AND MAINTAINENCE OF THE SCHOOLS AND TO ENGAGE IN ANY OTHER CHARITABLE ACTIVITY.

    Expenses $1,235,542 · Grants $964,748

As filed on the 2022 return.

Listed in Part VII

  • Jacob Grossman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Carla Desantis

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Jon Clark

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • Abbey Shavell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kimberly Steadman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • BROOKE CHARTER SCHOOL

    $961,748

    PROVIDE FINANCIAL SUPPORT TO BROOKE CHARTER SCHOOL

Provenance

Return type
form_990
Tax year
2022
Filed
24 January 2024
IRS schema version
2022v5.0
Source object
202420269349301142

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