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Nonprofiteer
← BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION INC

Form 990 for tax year 2024

Filed by BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION INC.

Totals

Total revenue
$2,403,128
Total expenses
$1,803,720
Contributions and grants received
$1,884,295
Grants paid
$1,301,049
Program service revenue
$0
Investment income
$489,054
Other revenue
$29,779
Total assets, end of year
$36,175,042
Total liabilities, end of year
$19,233,318
Net assets or fund balances, end of year
$16,941,724
Program services expenses (Part IX)
$1,680,674
Management and general expenses
$83,369
Fundraising expenses
$39,677
Program service expenses (Part III)
$1,680,674

Program services were 93.2% 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

    $519,486

  • 1f · All other contributions, gifts and grants

    $1,364,809

  • 3 · Investment income

    total $489,054 · excluded $489,054

  • 6a · Gross rents

    real property $1,302,600

  • 6b · Less rental expenses

    real property $1,234,161

  • 6c · Rental income or loss

    real property $68,439

  • 6d · Net rental income or loss

    total $68,439 · related or exempt $68,439

  • 8a · Fundraising events: gross income

    $115,963

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

    $519,486

  • 8b · Fundraising events: direct expenses

    $154,623

  • 8c · Net income from fundraising events

    total -$38,660 · excluded -$38,660

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,280,835 · program services $1,280,835

  • 2 · Grants to domestic individuals

    total $20,214 · program services $20,214

  • 11a · Fees: management

    total $100,000 · management and general $75,000 · fundraising $25,000

  • 11b · Fees: legal

    total $189 · management and general $189

  • 11c · Fees: accounting

    total $8,180 · management and general $8,180

  • 11g · Fees: other

    total $8,571 · program services $8,571

  • 13 · Office expenses

    total $18,883 · program services $18,883

  • 24a · Other expenses: RENTAL REBATE

    total $352,171 · program services $352,171

  • 24b · Other expenses: FUNDRAISING EVENT

    total $14,677 · fundraising $14,677

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,727,770 · end of year $6,679,941

  • 3 · Pledges and grants receivable

    beginning of year $742,588 · end of year $917,843

  • 7 · Other notes and loans receivable

    beginning of year $4,820,401 · end of year $3,574,946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,163 · end of year $37,318

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

    $35,870,716

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

    $10,905,722

  • 10c · Land, buildings and equipment, net

    beginning of year $25,842,486 · end of year $24,964,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,555 · end of year $17,635

  • 19 · Deferred revenue

    beginning of year $7,703,727 · end of year $6,483,276

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,946,536 · end of year $11,609,885

  • 25 · Other liabilities

    beginning of year $1,166,274 · end of year $1,122,522

  • 27 · Net assets without donor restrictions

    beginning of year $15,113,220 · end of year $15,241,976

  • 28 · Net assets with donor restrictions

    beginning of year $1,229,096 · end of year $1,699,748

Mission and programs · 2024

Mission

TO PROMOTE THE FINANCIAL WELL-BEING OF BOSTON COLLEGIATE CHARTER SCHOOL BY SOLICITING, RECEIVING AND ADMINISTERING FUNDS FOR CONSTRUCTION, OPERATION AND MAINTENANCE OF A PERMANENT HOME FOR THE SCHOOL.

Activities or mission (Part I)

TO PROMOTE THE FINANCIAL WELL-BEING OF BOSTON COLLEGIATE CHARTER SCHOOL.

  • BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION, INC (THE FOUNDATION) SUPPORTS BOSTON COLLEGIATE CHARTER SCHOOL (THE SCHOOL) BY PROVIDING PHILANTHROPIC DOLLARS, FACILITIES, AND LEADERSHIP. IN FY25, PHILANTHROPIC FUNDS FROM THE FOUNDATION PROVIDED BOTH RESTRICTED AND UNRESTRICTED BUDGET OFFSET TO THE SCHOOL FOR ACTIVITIES OUTSIDE OF THE SCHOOL'S CORE ACADEMIC PROGRAM. EXAMPLES OF INITIATIVES FUNDED BY PHILANTHROPY IN FY25 INCLUDE, BUT ARE NOT LIMITED TO: ALUMNI SUPPORT; SENIOR SCHOLARSHIPS; SOCIAL EMOTIONAL LEARNING INTERVENTIONS; ATHLETICS OFFERINGS; PROFESSIONAL DEVELOPMENT FOR INSTRUCTIONAL STAFF; LITERACY INTERVENTION MATERIALS; EXPANSION OF OUR IN-SCHOOL MUSIC PROGRAM; ACADEMIC REMEDIATION; AFTER SCHOOL ARTS ACTIVITIES; AND THE SCHOOL'S STUDENTS IN NEED PROGRAM, WHICH PROVIDES BASIC NEEDS -- SUCH AS GLASSES, UNIFORMS, AND SCHOOL SUPPLIES -- TO STUDENTS AND FAMILIES WHO ARE STRUGGLING FINANCIALLY. THE FOUNDATION SUPPORTS THE SCHOOL'S OVERALL MISSION OF PREPARING EACH OF ITS 700 STUDENTS FOR COLLEGE. WITH SUPPORT FROM THE FOUNDATION, BOSTON COLLEGIATE IS PROUD OF THE FOLLOWING ACCOMPLISHMENTS ACHIEVED IN FY25:- FOR THE TWENTY-SECOND CONSECUTIVE YEAR, 100% OF BOSTON COLLEGIATE'S DIPLOMA-EARNING GRADUATES EARNED ACCEPTANCE TO FOUR-YEAR COLLEGES.- MEMBERS OF BOSTON COLLEGIATE'S CLASS OF 2025 ARE MATRICULATING AT POST-SECONDARY INSTITUTIONS THAT INCLUDE BENTLEY UNIVERSITY; BOSTON COLLEGE; BRANDEIS UNIVERSITY; NORTHEASTERN UNIVERSITY; UMASS AMHERST, BOSTON, DARTMOUTH, AND LOWELL; AND WENTWORTH INSTITUTE OF TECHNOLOGY.- TO HELP STUDENTS DEVELOP PROFESSIONAL SKILLS, PRACTICE NETWORKING, AND SAMPLE CAREER FIELDS THAT INTEREST THEM, BOSTON COLLEGIATE RAN A TWO-WEEK OFF-SITE INTERNSHIP PROGRAM FORJUNIORS IN MAY. INTERNSHIP SITES INCLUDED SUCH ORGANIZATIONS AS BOSTON MEDICAL CENTER, TERVA CORPORATION, ELLIS EARLY LEARNING CENTER, NBCUNIVERSAL, STA DESIGN, CRUZ ELECTRICS, AND A RANGE OF OTHER NONPROFITS, LOCAL BUSINESSES, AND SKILLED TRADES LOCATIONS.- THE SCHOOL'S ATHLETIC PROGRAM HAD A REMARKABLY SUCCESSFUL YEAR, HIGHLIGHTED BY MCSAO (MASSACHUSETTS CHARTER SCHOOL ATHLETIC ORGANIZATION) CHAMPIONSHIPS IN GIRLS SOFTBALL AND BOYS BASEBALL, WITH BOTH TEAMS ADVANCING TO THE HIGHLY COMPETITIVE MIAA (MASSACHUSETTS INTERSCHOLASTIC ATHLETIC ASSOCIATION) PLAYOFFS. OTHER TEAMS QUALIFIED AND PLACED HIGHLY IN MCSAO PLAYOFFS, AND WE HAD OUR FIRST STUDENT EVER COMPETE IN THE MIAA OUTDOOR TRACK & FIELD STATE MEET.

    Expenses $1,680,674 · Grants $1,301,049 · Revenue $68,439

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Cassidy

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rob Lawrence

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Churchill

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • Brett Peiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Fortin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carroll Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Josh Fredberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nickie Norris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Haven Ladd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Craig Hillier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Shannah Varon

    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

  • BOSTON COLLEGIATE CHARTER SCHOOL

    $1,280,835

    OPERATING SUPPORT TO THE SCHOOL

Provenance

Return type
form_990
Tax year
2024
Filed
15 December 2025
IRS schema version
2024v5.2
Source object
202533529349301008

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