2024-01-16T07:53:59-06:00 2023-06-30 020664148 BA INC 300 LEDGEWOOD PL STE 200 ROCKLAND MA 02370 990 2022-07-01 043454898 BOSTON ARTS ACADEMY FOUNDATION INC BOST 6173152787 126 BROOKLINE AVENUE 3RD FLOOR BOSTON MA 02215 DENELLA CLARK PRESIDENT & CEO 6176503434 2024-01-16 1 DENELLA CLARK 999009999 1 JOHN BURKE CPA P00622871 7817418887 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DENELLA CLARK 126 BROOKLINE AVENUE 3RD FLOOR BOSTON MA 02215 6101214 0 X BOSTONARTSACADEMY.ORG/FOUNDATION X 1999 MA TO RAISE PRIVATE FUNDS IN SUPPORT OF OUR CITY'S ONLY PUBLIC HIGH SCHOOL FOR THE ARTS. 21 21 12 25 0 0 3259036 2996994 0 0 247997 273836 1682 1742004 3508715 5012834 561004 503244 0 0 1347810 2335842 0 0 1045784 930494 2057713 2839308 4896799 669407 116035 11130374 12378587 448389 1418345 10681985 10960242 THE BOSTON ARTS ACADEMY FOUNDATION RAISES FUNDS IN SUPPORT OF BOSTONARTS ACADEMY. WITHOUT THIS SUPPORT OUR YOUNG PEOPLE, LIVING IN ONE OFTHE CULTURAL CAPITALS OF THE WORLD, WOULD HAVE NO PUBLIC HIGH SCHOOLFOR THE ARTS. 0 0 257594 89950 ACADEMIC SUPPORT: FUNDS ARE USED TO SUPPORT INNOVATIVE CURRICULA FOR BOSTON ARTS ACADEMY'S STUDENTS. CURRICULUM TRANSFORMS TRADITIONAL CLASSROOM TEACHING BY INTEGRATING STUDENTS' PASSION FOR THE ARTS, BEING INTERDISCIPLINARY, HANDS-ON, AND PROJECT-BASED. BY FOCUSING ON STUDENTS' STRENGTHS, BOSTON ARTS ACADEMY INSPIRES STUDENTS TO COMMIT TO THEIR SCHOOLING AND TRANSFORMS THE LIVES OF ITS STUDENTS THROUGH A SCHOOLWIDE LITERACY INITIATIVE AND INTEGRATING THE ARTS INTO SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH. 194467 70000 VISUAL ARTS: PROGRAM FOSTERS ARTISTS WITH STRONG TECHNICAL SKILLS AND CRITICAL THINKING ABILITIES, HELPING THEM TO DEVELOP THEIR OWN UNIQUE VOICES AND CONFIDENCE TO TAKE CREATIVE RISKS. 138978 DANCE: A RIGOROUS AND COMPREHENSIVE PROGRAM DESIGNED TO STRETCH OUR STUDENTS' CREATIVITY AND CRITICAL THINKING, ENABLING THEM TO ACCELERATE IN THEIR DEVELOPMENT AS BOTH DANCERS AND SCHOLARS. 2568661 343294 2568661 343294 3159700 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 39 0 12 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X MERVINA RASIMIN 8574089204 126 BROOKLINE AVENUE 3RD FLOOR BOSTON MA 02215 JEFF ROSICA BOARD CHAIR 4.00 1.00 X X 0 0 0 DONNA HARRIS-LEWIS VICE CHAIR 4.00 1.00 X X 0 0 0 DAVID FELTON TREASURER 4.00 1.00 X X 0 0 0 MAGGIE BAXTER BOARD MEMBER 4.00 1.00 X 0 0 0 PETRINA CHERRY BOARD MEMBER 4.00 1.00 X 0 0 0 ASHLEY WEBB COLLEARY BOARD MEMBER 4.00 1.00 X 0 0 0 MICHAEL L BIVINS BOARD MEMBER 4.00 1.00 X 0 0 0 ANTOINE MELAY JR BOARD MEMBER 4.00 1.00 X 0 0 0 DAWN PERRY BOARD MEMBER 4.00 1.00 X 0 0 0 HECTOR PINA BOARD MEMBER 4.00 1.00 X 0 0 0 JOSEPH P HANLEY ESQ BOARD MEMBER 4.00 1.00 X 0 0 0 SUSAN SCHECHTER BOARD MEMBER 4.00 1.00 X 0 0 0 LISA SUSSMAN PHD BOARD MEMBER 4.00 1.00 X 0 0 0 MALIK YOBA BOARD MEMBER 4.00 1.00 X 0 0 0 YNDIA LORICK-WILMOT BOARD MEMBER 4.00 1.00 X 0 0 0 JEROME SMITH BOARD MEMBER 4.00 1.00 X 0 0 0 RUTH E CARTER BOARD MEMBER 4.00 1.00 X 0 0 0 MARINA CAPPI BOARD MEMBER 4.00 1.00 X 0 0 0 ALEXANDER ZAPATA BOARD MEMBER 4.00 1.00 X 0 0 0 DENELLA CLARK PRESIDENT & CEO 40.00 1.00 X 318034 0 23450 318034 0 23450 1 0 1 0 0 64050 2932944 2678 2996994 145132 145132 922088 793384 128704 128704 128704 2037000 64050 294996 1742004 1742004 5012834 273836 0 1742004 X 261496 261496 241748 241748 374821 187411 93705 93705 1737730 1330575 121990 285165 56007 26261 14824 14922 83491 41704 14072 27715 83793 40801 13749 29243 579661 7611 121835 450215 316769 206574 71052 39143 103936 33979 23917 46040 62318 40668 21650 8700 8700 COMPUTER AND TECHNOLOGY 636647 592688 30406 13553 SPACE RENTAL 128267 1906 125688 673 SCHOLARSHIP AND STUDENT 79825 79825 UNCOLLECTIBLE RESERVE 61700 61700 79890 4753 29727 45410 4896799 3159700 691315 1045784 2753574 2785786 4135863 4240610 342553 0 106256 743006 613859 156740 129147 3741644 4945392 0 171396 11130374 12378587 447216 1246949 1173 0 0 171396 448389 1418345 X 3491348 3666076 7190637 7294166 10681985 10960242 11130374 12378587 116035 181569 -19347 0 X X 0 1 X 1 0 X 4715700 5028278 3053989 3296602 4738998 20833567 4715700 5028278 3053989 3296602 4738998 20833567 20833567 74571 86360 81228 100124 145132 487415 21320982 0.97710 0.97910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1173 5602 6775 0 1 3741644 1010000 385748 192000 4945392 4299438 18000 -400794 175000 3741644 3613914 11349 826175 152000 4299438 3517858 106550 126506 137000 3613914 3368096 149762 3517858 0 0 743006 613859 129147 129147 LEASE OBLIGATION - OPERATING LEASE 171396 171396 5435006 181569 259950 441519 4993487 19347 19347 5012834 5156749 259950 259950 4896799 0 4896799 PART IV, LINE 2B: EXPLANATION: THE AMOUNT HELD IS STUDENT FUNDS FOR STUDENT FIELD TRIPS AND RELATED STUDENT ACTIVITIES. PART V, LINE 4: EXPLANATION: THE ENDOWMENT FUNDS ARE USED BY THE ORGANIZATION IN FURTHERANCE OF ITS EXEMPT MISSION. PART X, LINE 2: EXPLANATION: THE FOUNDATION IS A NONPROFIT ORGANIZATION, THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS ASC 740-INCOME TAXES GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020. X X X 0 ANNUAL GALA 2101050 64050 2037000 120000 20035 25490 129471 2101050 64050 2037000 120000 20035 25490 129471 294996 1742004 1 STIPENDS 5 3000 SCHOLARSHIPS 34 238748 X 0 0 0 0 0 0 0 0 0 DENELLA CLARK PRESIDENT & CEO 235000 0 83034 0 0 0 23450 0 0 0 341484 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEW FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE FOUNDATION ENGAGES IN OPEN COMMUNICATIONS AND CONVERSATIONS DURING THE BOARD MEETINGS AS WELL AS EMAIL CORRESPONDENCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 7,611. MANAGEMENT AND GENERAL EXPENSES 121,835. FUNDRAISING EXPENSES 450,215. TOTAL EXPENSES 579,661. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT AND FINANCE COMMITTEE TO OVERSEE THE AUDIT. NO CHANGE IN PROCESS FROM PRIOR YEARS. BOSTON ARTS ACADEMY 11 CHARLES ST DORCHESTER MA 02122 BOSTON PUBLIC SCHOOL MA 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 BOSTON ARTS ACADEMY B 3350732 FAIR MARKET VALUE BOSTON PUBLIC SCHOOL B 741403 FAIR MARKET VALUE