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Boston Schools Fund Inc.

 31 Heath Street, Suite 9
 Boston, MA 02130
[P] (617) 2164567
[F] --
http://www.bostonschoolsfund.org/
[email protected]
Ben Wells
Twitter
INCORPORATED: 2015
 Printable Profile (Summary / Full)
EIN 47-3093274

LAST UPDATED: 04/11/2017
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

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Mission StatementMORE »

Boston Schools Fund's mission is to develop 7,000 more high-quality seats in Boston's best district, charter, and Catholic schools. We do this work to ensure that Boston becomes the first major city in the country to offer a seat in a high-quality school to every child.

Mission Statement

Boston Schools Fund's mission is to develop 7,000 more high-quality seats in Boston's best district, charter, and Catholic schools. We do this work to ensure that Boston becomes the first major city in the country to offer a seat in a high-quality school to every child.

FinancialsMORE »

Fiscal Year July 01, 2016 to June 30, 2017
Projected Income $2,700,000.00
Projected Expense $2,400,000.00

ProgramsMORE »

  • School Design Awards
  • School Expansion Support

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Boston Schools Fund's mission is to develop 7,000 more high-quality seats in Boston's best district, charter, and Catholic schools. We do this work to ensure that Boston becomes the first major city in the country to offer a seat in a high-quality school to every child.

Background Statement

Boston Schools Fund (BSF) is a non-profit organization that aims to dramatically increase the number of seats in high-performing district, charter, and Catholic schools here in Boston. Launched in Summer 2015, BSF commits significant financial and administrative support to increase the number of seats in high-performing schools by almost one-third, putting Boston on track to offer a high- performing school to the majority of its children by 2025.
 
BSF has two areas of focus, both of which are designed to ensure that families across our city have access to outstanding schools:
  • Seat Supply: BSF provides direct funding, technical support, relationship guidance, and more to help outstanding district, charter, and Catholic schools grow to serve more students. We provide School Design Awards to help schools develop detailed growth plans, and we provide Expansion Funds to to support schools in their growth once they are approved to scale. 
  • Seat Demand: BSF works directly with parents and community members to enhance their access to high-quality schools. We poll and survey families to amplify their voice on school options, and we provide them with resources - such as our Boston School Finder tool (under development) that allow them to easily learn critical information about the schools they are considering for their children.
BSF commits to principles, not programs. Led by Chief Executive Officer Will Austin, former teacher and leader of Roxbury Prep and Uncommon Schools, BSF employs an investment approach, data, and experience to allocate grants on an iterative basis, constantly identifying and pursuing the highest possible return for children. This process is supported through an outstanding staff and engagement with stakeholders (educators, families, community leaders, philanthropy, and business and public officials) to both strengthen BSF's strategy and implement investments. With a disciplined focus, and by serving schools across Boston's primary sectors (district, charter, and Catholic), BSF presents a coherent, cohesive approach to increasing school quality.
 
Taken together, these strategies will provide more of Boston’s children with a transformational school experience. When we invest for Boston’s children, we create and sustain the valuable life outcomes we want for all – well-being, productive employment, and civic engagement.

Impact Statement

Over the past year, BSF:
  • Formed growth partnerships with 14 outstanding schools that will collectively add over 3,400 new seats to Boston's education ecosystem. Schools include district, charter, and Catholic schools
  • Guided a successful growth process for New Mission High School, the first recipient of a BSF School Design Award. With BSF's support, and using the growth proposal developed with BSF's School Design Award funds, New Mission has now been approved by school committee to expand over the next two years, adding over 160 seats in 7th and 8th grade.
  • Raised over $2.7M in philanthropic support from local and national funders; funds are allocated primarily to growth grants and school support to help great schools grow
  • Interviewed and surveyed over 400 parents in Boston to better understand perspectives on school options and the process of choosing schools in Boston. 
Over the next year, BSF will...
  • Partner with 8 or more BPS schools - all autonomous schools or schools seeking to gain autonomy - and Catholic schools via our School Design Award program. These partnerships will allow schools to develop detailed growth proposals that they can use to add seats.
  • Convert two or more existing School Design Award recipients to full planning grants. After a School Design Award recipient develops a growth plan, we partner with that school to secure and support approval of their growth. We are currently working with seven schools in our School Design Award program, and believe that two are nearing approval. 
  • Provide expansion grants that support the development of 1,400 or more new seats in high-quality schools across sectors. 
  • Launch a new school information tool for families in Boston. Our family research has indicated a serious market gap in the tools that are available to families to help them learn about their school options. BSF is developing a new tool that will provide detailed information to families on school choices across sectors in a simple and layout.

Needs Statement

  1. Management Funding - BSF requires approximately $600K/year for staff and overhead.
  2. School Design Award Funding - School Design Awards are the backbone of our school growth process as they allow schools to develop detailed plans. Each Award ranges from ~$15,000 - $20,000. We are seeking to raise $400,000 - $500,000 to support School Design Awards.
  3. Advisory Board Members - The Fund relies on the support of Advisory Board Members to ensure that its efforts are relevant to Boston's education ecosystem. We are looking for individuals with deep education expertise who can be a resource to the Fund and its grantees.

CEO Statement

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Board Chair Statement

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Geographic Area Served

City of Boston- Citywide (Indiv. neighborhoods also listed)
BSF works with high-quality schools across Boston. We place a special emphasis on identifying neighborhoods that have a dearth of high-quality options and supporting the development and growth of schools in these areas.

Organization Categories

  1. Education - Funding Raising & Fund Distribution
  2. Education - Management & Technical Assistance
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

School Design Awards

BSF's School Design Award Program empowers the city’s best and most in-demand schools to plan for successful growth. District (BPS) and Catholic schools rarely have the resources or capacity to plan for effective growth. Many outstanding schools continue to operate as “single-site schools,” serving the same number of kids every year – despite massive family demand. BSF’s School Design Award program solves this challenge by building growth capacity within great schools.

Budget  $225,425.00
Category  Education, General/Other Educational Delivery
Population Served K-12 (5-19 years)
Program Short-Term Success 

By 2020, Boston Schools Fund aims to increase the number of seats in high-performing schools by one-third (~7,000 seats). High-quality district (BPS) and Catholic schools are a key part of this growth, and the School Design Award program will ensure that more of these schools are able to plan for and execute on successful growth.

Program Long-Term Success 

By 2025, Boston Schools Fund aims to double the number of seats in high-performing Boston schools (from approximately 22,000 to 44,000), ensuring that a majority of Boston students have access to a high-performing schools. The School Design Award Program will ensure that high-quality district (BPS) and charter schools are able to access planning capital and support to grow thoughtfully and successfully.

Program Success Monitored By 

BSF monitors the number of new seats developed within high-quality schools to ensure that its programs are successful. To drive this growth, we monitor how many seats are created within schools that have gone through our School Design Award program, and how many of the schools that have gone through this program use their school expansion plans to actually grow.

Examples of Program Success 

BSF's first School Design Award recipient, New Mission High School, was recently approved for multi-year, multi-grade growth by the city. New Mission developed a thoughtful growth plan with deep input from teachers, staff, and family members, qualifying them to offer a space in their outstanding school to more students.


School Expansion Support

Growing a school to serve more students is not easy. It requires deep support, coaching, and advance funding - as dollars follow students, successful growth comes with advance funding needs to renovate facilities, develop curriculum, hire staff, and more. BSF provides outstanding district, charter, and Catholic schools that are approved to grow with funding, technical support, and coaching. With this, we can ensure that great schools can grow and serve more kids - over 7,000 new seats for students by 2020.
Budget  $2,000,000.00
Category  Education, General/Other Elementary & Secondary Education
Population Served Children and Youth (0 - 19 years) At-Risk Populations
Program Short-Term Success  Every year, we track seat development in our partner schools to ensure that we are tracking to our long-term goals. We seek to ensure that we add over 1,400 new seats per year. To date, BSF is tracking well ahead of these goals, and our partner schools are on track to add over 3,400 new seats total. 
Program Long-Term Success  Every student in Boston should have access to a seat in a high-quality school. The most direct way to do this is to identify the schools that are serving students the best and help these schools grow to serve more students. By 2020, BSF will support the development of over 7,000 seats in Boston's best schools. By 2025, we hope to fund the development of over 14,000 additional seats in the city's highest-quality schools.
Program Success Monitored By 
We have a relentless focus on seat creation. We monitor annual enrollment figures, both within our partner schools (to ensure that they are adding seats on pace with their expansion plans) and citywide (so that we understand the movement of students throughout the city's neighborhoods). 
 
In addition to tracking enrollment figures, we also monitor academic performance across our partner schools. We want to ensure that high-quality schools remain high-quality as they grow. We monitor academic proficiency and growth by sub-groups, as well as graduation rates, college matriculation rates, and much more. 
Examples of Program Success 
With BSF's support, many of our partner schools have been approved for growth and have begun executing on this growth, including: 
  • New Mission High School
  • Boston Arts Academy
  • Excel Academy Charter Schools
  • Match Public Charter Schools
  • Brooke Charter Schools
  • Neighborhood House Charter School
  • Saint Columbkille Partnership School 

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Will Austin
CEO Term Start June 2015
CEO Email [email protected]
CEO Experience Will Austin holds an A.B. in Government (magna cum laude) from Harvard College and a Master’s Degree in Education from Tufts University. Austin served as a math teacher at Roxbury Preparatory Charter School, and was nominated for Massachusetts Teacher of the Year. Austin subsequently served as Co-Director for Roxbury Prep, and then as Chief Operating Officer for Roxbury Prep for Uncommon Schools, overseeing the school’s expansion from one to four campuses.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
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Senior Staff

Name Title Experience/Biography
Bryant Weinberg Jones Chief Investment Officer

Bryant Weinberg Jones is the Chief Investment Officer for the Boston Schools Fund. Mr. Jones holds a Master’s Degree in Public Administration from Harvard’s Kennedy School of Government, an A.B. in English from Harvard College, and a Master’s Degree in Urban Education Policy from Brown University. Jones began his career in public education as a Match Corps Fellow at Match Middle School in Jamaica Plain. Since then, Jones has supported the growth of high-performing public schools in leadership roles for the Rhode Island Department of Education, Louisiana's Recovery School District, and New Schools for Baton Rouge.

Ben Wells Chief Operating Officer Ben Wells is the Chief Operating Officer for the Boston Schools Fund. Wells holds an A.B. in History and Literature from Harvard College and a Master’s in Business Administration from the Harvard Business School. Wells taught 8th and 6th grade English at Roxbury Preparatory Charter School, where he also served as the Chair of the English Department, Director of the Literacy Inquiry Group, and coach of baseball, softball, and basketball teams. Most recently, Wells has served as a Case Team Leader and Consultant at Bain and Company’s Boston office.

Awards

Award Awarding Organization Year
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Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 3
Number of Part Time Staff 0
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 0
Male: 3
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Yes
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 5
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Bi-Annually
Non Management Formal Evaluation and Frequency N/A N/A

Governance


Board Chair Mrs. Katie Everett
Board Chair Company Affiliation The Lynch Foundation
Board Chair Term June 2015 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Will Austin Boston Schools Fund Exofficio
Ms. Katie Everett The Lynch Foundation Voting
Ms. Jill Shah Community Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 3
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 2
Male: 1
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % 100%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 33%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

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CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Fiscal Year July 01, 2016 to June 30, 2017
Projected Income $2,700,000.00
Projected Expense $2,400,000.00
Form 990s

2016 Form 990

2015 Form 990 (short year, covers Feb. 6, 2015 - June 30, 2015)

Audit Documents

2016 Audit

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2016 -- --
Total Revenue $2,543,917 -- --
Total Expenses $1,697,401 -- --

Prior Three Years Revenue Sources

Fiscal Year 2016 -- --
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 -- --
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $2,543,000 -- --
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses $917 -- --
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2016 -- --
Program Expense $1,432,395 -- --
Administration Expense $144,770 -- --
Fundraising Expense $120,236 -- --
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.50 -- --
Program Expense/Total Expenses 84% -- --
Fundraising Expense/Contributed Revenue 5% -- --

Prior Three Years Assets and Liabilities

Fiscal Year 2016 -- --
Total Assets $1,109,991 -- --
Current Assets $1,107,966 -- --
Long-Term Liabilities $0 -- --
Current Liabilities $191,395 -- --
Total Net Assets $918,596 -- --

Prior Three Years Top Three Funding Sources

Fiscal Year 2016 -- --
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2016 -- --
Current Ratio: Current Assets/Current Liabilities 5.79 -- --

Long Term Solvency

Fiscal Year 2016 -- --
Long-term Liabilities/Total Assets 0% -- --

CEO/Executive Director/Board Comments

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Foundation Comments

This nonprofit is newer, formally launching in the summer of 2015 and received its tax-exempt status from the IRS in May of 2015 (per the above posted IRS Letter of Determination). Financial summary data in the charts and graphs above is per the organization's IRS Form 990 for FY16. Contributions from Foundations & Corporations are included under Individuals when the breakout was not available. Please note, a short year Form 990 for FY15, covering Feb. 6, 2015 - June 30, 2015 is posted above for your reference but the data is not included in the charts and graphs.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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