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← FRIENDS OF BREAKTHROUGH SCHOOLS

Form 990 for tax year 2023

Filed by FRIENDS OF BREAKTHROUGH SCHOOLS.

Totals

Total revenue
$17,741,329
Total expenses
$9,347,949
Contributions and grants received
$5,729,359
Grants paid
$0
Program service revenue
$3,591,367
Investment income
$7,879,547
Other revenue
$541,056
Total assets, end of year
$126,050,795
Total liabilities, end of year
$58,184,378
Net assets or fund balances, end of year
$67,866,417
Program services expenses (Part IX)
$7,444,831
Management and general expenses
$1,281,578
Fundraising expenses
$621,540
Program service expenses (Part III)
$7,444,831

Program services were 79.6% 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

    $5,729,359

  • 2a · Program service revenue: CHARTER SCHOOLS

    total $3,591,367 · related or exempt $3,591,367

  • 3 · Investment income

    total $7,879,547 · related or exempt $7,879,547

  • 8a · Fundraising events: gross income

    $860,031

  • 8b · Fundraising events: direct expenses

    $323,953

  • 8c · Net income from fundraising events

    total $536,078 · excluded $536,078

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,978 · related or exempt $4,978

  • 11e · Other revenue, total

    $4,978

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,602,490 · program services $1,281,992 · management and general $320,498

  • 11d · Fees: lobbying

    total $72,000 · program services $72,000

  • 12 · Advertising and promotion

    total $186,959 · fundraising $186,959

  • 13 · Office expenses

    total $178,883 · management and general $178,883

  • 16 · Occupancy

    total $1,134,663 · program services $1,101,378 · management and general $33,285

  • 20 · Interest

    total $197,400 · program services $197,400

  • 22 · Depreciation, depletion and amortization

    total $4,246,430 · program services $4,246,430

  • 23 · Insurance

    total $932 · management and general $932

  • 24a · Other expenses: GRANTS TO SCHOOLS

    total $663,694 · program services $663,694

  • 24b · Other expenses: EVENTS

    total $408,114 · fundraising $408,114

  • 24c · Other expenses: PROFESSIONAL FEES

    total $352,645 · program services -$223,360 · management and general $576,005

  • 24d · Other expenses: CDE FEES

    total $122,290 · program services $122,290

  • 24e · All other expenses

    total $181,449 · program services -$16,993 · management and general $171,975 · fundraising $26,467

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,019,827 · end of year $2,725,647

  • 3 · Pledges and grants receivable

    beginning of year $1,117,497 · end of year $1,425,117

  • 4 · Accounts receivable

    beginning of year $424,428 · end of year $222,680

  • 7 · Other notes and loans receivable

    beginning of year $13,718,395 · end of year $13,717,326

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,755 · end of year $138,631

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

    $33,316,179

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

    $19,272,168

  • 10c · Land, buildings and equipment, net

    beginning of year $17,366,396 · end of year $14,044,011

  • 11 · Investments: publicly traded securities

    beginning of year $44,158,276 · end of year $56,061,926

  • 15 · Other assets

    beginning of year $41,229,643 · end of year $37,715,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $627,835 · end of year $514,879

  • 19 · Deferred revenue

    beginning of year $41,236,345 · end of year $37,929,499

  • 23 · Secured mortgages and notes payable

    beginning of year $19,740,000 · end of year $19,740,000

  • 27 · Net assets without donor restrictions

    beginning of year $59,177,953 · end of year $67,750,124

  • 28 · Net assets with donor restrictions

    beginning of year $295,084 · end of year $116,293

Mission and programs · 2023

Mission

OUR MISSION IS TO PERFORM FUNDRAISING AND ADVOCACY ACTIVITIES THAT EXCLUSIVELY SUPPORT THE OPERATIONS AND GROWTH OF THE BREAKTHROUGH PUBLIC SCHOOLS MANAGEMENT ORGANIZATION AND ALL ITS MEMBER SCHOOLS

Activities or mission (Part I)

OUR MISSION IS TO PERFORM FUNDRAISING AND ADVOCACY ACTIVITIES THAT (SEE SCHEDULE O) EXCLUSIVELY SUPPORT THE OPERATIONS AND GROWTH OF THE BREAKTHROUGH PUBLIC SCHOOLS MANAGEMENT ORGANIZATION AND ALL ITS MEMBER SCHOOLS

  • FRIENDS OF BREAKTHROUGH SCHOOLS, AND PRIOR TO THAT, FRIENDS OF E PREP, HASA LONG HISTORY OF RAISING FUNDS TO FILL THE GAP BETWEEN THE INEQUITABLEFUNDING THE GOVERNMENT PROVIDES TO THE CHARTER SCHOOLS AND WHAT IS ACTUALLYNEEDED. THE AGENCY CURRENTLY RAISES FUNDS FOR SIX CHARTER SCHOOLS

    Expenses $7,444,831 · Revenue $3,591,367

As filed on the 2023 return.

Listed in Part VII

  • ADEBANJO SOLARU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMANDA BRADY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW BENNETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW GEHRLEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AURORA KITKO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BILL FISHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRYAN SCHAUER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CECIL LIPSCOMB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CELESTE KAMASA SCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COSMORONDE DANIELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRAIG PANZICA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN MASCARO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE LOOMIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID COOK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ED BELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELLE CAROLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FREE FOUTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF BERLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY CRISTAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM CARULAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM HUBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM KAVALEC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM LEMAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN LEMAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAREN LONG CASCIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LARRY ORWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURA MIMURA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAUREN MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIO PENA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATT BREWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MEG MAYHUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL CRISTAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE DE WINDT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MOLLY BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER ROME

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUDY BENTLAGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SANJAY VYAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SEKU SHABAZZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN CHIANCONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOM DITTOE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRACI FORRESTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN ERTLE

    EXECUTIVE DIRECTOR

    Total calculated
    $190,001
    From this org
    $190,001
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,001
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $190,001

  • DOUG MANGEN

    TREASURER

    Total calculated
    $0
    Hours/week
    40

  • BRITTANY HURD

    CHIEF ALUMNI SUCCESS OFFICER

    Total calculated
    $151,509
    From this org
    $151,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,509
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,509

  • TIM MANN

    SENIOR ADVANCEMENT OFFICER

    Total calculated
    $135,914
    From this org
    $135,914
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KELLY BERG

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $101,532
    From this org
    $101,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349301982

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