Totals
- Total revenue
- $4,798,367
- Total expenses
- $1,412,708
- Contributions and grants received
- $2,212,471
- Grants paid
- $1,206,654
- Program service revenue
- $0
- Investment income
- $2,082,306
- Other revenue
- $503,590
- Total assets, end of year
- $48,267,783
- Total liabilities, end of year
- $7,856,430
- Net assets or fund balances, end of year
- $40,411,353
- Program services expenses (Part IX)
- $1,387,089
- Management and general expenses
- $25,619
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,387,089
Program services were 98.2% 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.
-
1f · All other contributions, gifts and grants
$2,212,471
-
3 · Investment income
total $2,082,306 · excluded $2,082,306
-
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 $433,287 · excluded $433,287
-
11e · Other revenue, total
$433,287
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,206,654 · program services $1,206,654
-
11c · Fees: accounting
total $1,326 · management and general $1,326
-
11f · Fees: investment management
total $19,783 · management and general $19,783
-
20 · Interest
total $19,783 · program services $19,783
-
22 · Depreciation, depletion and amortization
total $144,872 · program services $144,872
-
24a · Other expenses: PROF. DEVELOPMENT
total $9,752 · program services $9,752
-
24b · Other expenses: MISCELLANEOUS
total $6,028 · program services $6,028
-
24c · Other expenses: DUES AND SUBSCRPTIONS
total $4,510 · management and general $4,510
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $9,792,255 · end of year $8,762,054
-
3 · Pledges and grants receivable
beginning of year $175,500 · end of year $440,500
-
7 · Other notes and loans receivable
beginning of year $30,201,545 · end of year $29,724,340
-
10a · Land, buildings and equipment: cost or other basis
$7,160,000
-
10b · Land, buildings and equipment: accumulated depreciation
$2,653,571
-
10c · Land, buildings and equipment, net
beginning of year $4,651,301 · end of year $4,506,429
-
11 · Investments: publicly traded securities
end of year $4,834,460
-
17 · Accounts payable and accrued expenses
beginning of year $164,192 · end of year $1,024,545
-
19 · Deferred revenue
beginning of year $6,769,511 · end of year $5,949,208
-
25 · Other liabilities
beginning of year $1,110,827 · end of year $882,677
-
27 · Net assets without donor restrictions
beginning of year $34,343,380 · end of year $36,048,726
-
28 · Net assets with donor restrictions
beginning of year $2,432,691 · end of year $4,362,627
Mission and programs · 2023
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 $1,387,089 · Grants $1,206,654
As filed on the 2023 return.
Listed in Part VII
-
Jacob GrossmanJACOB GROSSMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Carla DesantisCARLA DESANTIS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jon ClarkJON CLARK
CLERK
- Total calculated
- $0
- Hours/week
- 0.5
-
Abbey ShavellABBEY SHAVELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly SteadmanKIMBERLY 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
$1,206,654
PROVIDE FINANCIAL SUPPORT TO BROOKE CHARTER SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403059349301215
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