Nonprofit · EIN 47-3093274
BOSTON SCHOOLS FUND INC
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $2,588 | $970,534 | -$967,946 | $0 | $0 | $0 |
| June 30, 2024 | 990 | $2,132,351 | $3,033,665 | -$901,314 | $1,111,249 | $145,929 | $965,320 |
| June 30, 2023 | 990 | $1,912,340 | $2,679,516 | -$767,176 | $1,954,877 | $64,239 | $1,890,638 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Other revenue
- $2,588
Expenses
- Compensation of officers, directors and key employees
- $254,342
- Salaries, compensation and benefits (total)
- $353,677
- Professional fees and payments to contractors
- $402,320
- Other expenses
- $214,537
- Program services (functional)
- $668,328
Balance sheet and other
- Total assets, start of year
- $1,111,249
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $2,588
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM AUSTIN | FOUNDER AND CEO | 40 | $153,776 | $11,436 |
| RANA KANNAN | CHIEF OPERATING OFFICER | 40 | $100,566 | $11,436 |
| KERRY DONAHUE | CHIEF STRATEGY OFFICER | 40 | $0 | $0 |
| LISA JACKSON | CHAIR | 5 | $0 | $0 |
| ANDREA WOLFE | SECRETARY | 2 | $0 | $0 |
| TAMMY TAI | DIRECTOR | 2 | $0 | $0 |
| HENRY BOYE | DIRECTOR | 2 | $0 | $0 |
| JOHN NELSON | DIRECTOR | 2 | $0 | $0 |
| CLAIRE NEWTON | DIRECTOR UNTIL 6/30/25 | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM AUSTIN | FOUNDER & CEO Trustee or director, Officer | 40 | $195,095 | $45,709 |
| RANA KANNAN | CHIEF OPERATING OFFICER Officer | 40 | $192,179 | $45,709 |
| KERRY DONAHUE | CHIEF STRATEGY OFFICER Officer | 40 | $192,179 | $31,069 |
| MEGHAN O'KEEFE | MANAGING DIRECTOR OF INVESTMENT Highest-paid employee | 40 | $164,645 | $34,969 |
| IRENE DENNISON | DIRECTOR OF SCHOOL SUPPORT Highest-paid employee | 40 | $110,500 | $8,569 |
| LISA JACKSON | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ANDREA WOLFE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TAMMY TAI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HENRY BOYE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CLAIRE NEWTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN NELSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM AUSTIN | FOUNDER & CEO Trustee or director, Officer | 40 | $211,548 | $24,677 |
| RANA KANNAN | CHIEF OPERATING OFFICER Officer | 40 | $186,840 | $24,677 |
| KERRY DONAHUE | CHIEF STRATEGY OFFICER Officer | 40 | $186,840 | $8,998 |
| MEGHAN O'KEEFE | MANAGING DIRECTOR OF INVESTMENT Highest-paid employee | 40 | $160,073 | $8,998 |
| NATALYA SUBBOTINA | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $117,565 | $8,998 |
| LISA JACKSON | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ANDREA WOLFE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| STEPHEN CHAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMMY TAI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HENRY BOYE | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 109 STATE ST STE 404, BOSTON, MA 02109-2909
- In care of
- % KATIE EVERETT
- Signed the 990-EZ
- WILLIAM AUSTIN, FOUNDER & CHIEF EXECUTIVE OFFICER
- Phone
- (617) 419-7100
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
BOSTON SCHOOLS FUND (BSF) IS A NON-PROFIT ORGANIZATION THAT ADVANCES EDUCATIONAL EQUITY THROUGH OPPORTUNITY AND ACCESS TO HIGH-QUALITY SCHOOLS. THE BSF TEAM WAKES UP EVERY DAY WITH ONE GOAL: INCREASE THE NUMBER OF CHILDREN IN BOSTON ATTENDING A HIGH-QUALITY SCHOOL. WE ACCOMPLISH THIS BY PROVIDING CAPACITY AND RESOURCES FOR HIGH-QUALITY SCHOOLS TO EXPAND AND IMPROVE; SHARING DATA AND INFORMATION; COLLABORATING WITH FAMILIES AND PARTNERS; INFLUENCING POLICY; AND COMMITTING TO VALUES OF DIVERSITY, EQUITY, INCLUSION, AND ANTI-RACISM IN OUR WORK. WE HAVE WORKED CLOSELY WITH CITY AND STATE LEADERS TO ENSURE THAT BOSTON ADVANCES POLICIES WHICH EXPAND ACCESS TO HIGH-QUALITY SCHOOLS FOR HISTORICALLY MARGINALIZED STUDENTS.
Program accomplishments
- SCHOOL INVESTMENT - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIAL SUPPORT OF HIGH-QUALITY, BOSTON BASED SCHOOLS THAT SERVE A HIGH PROPORTION OF ECONOMICALLY DISADVANTAGED STUDENTS, BLACK AND/OR LATINO STUDENTS, STUDENTS WITH DISABILITIES, OR ENGLISH LEARNERS, AS THEY PLAQN FOR GROWTH AND EXECUTE EXPANSION OR REDESIGN PLANS.Expenses $668,328
- DATA AND RESEARCH - INTENDED TO PERFORM RESEARCH, BUILD ORGANIZATIONAL DATA CAPACITY, AND MAINTAIN BOSTON SCHOOL FINDER WEB TOOL TO ASSIST FAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE SCHOOL THAT BEST MEETS THEIR NEEDS.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3093274
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $2,588
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $2,588 | $970,534 | $0 | XML |
| 990 | June 2024 | $2,132,351 | $3,033,665 | $1,111,249 | XML |
| 990 | June 2023 | $1,912,340 | $2,679,516 | $1,954,877 | XML |
| 990 | June 2022 | $2,444,206 | $2,652,430 | $2,706,473 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3093274).
Questions about BOSTON SCHOOLS FUND INC
- What is the EIN of BOSTON SCHOOLS FUND INC?
- The employer identification number (EIN) of BOSTON SCHOOLS FUND INC is 47-3093274.
- Is BOSTON SCHOOLS FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to BOSTON SCHOOLS FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOSTON SCHOOLS FUND INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BOSTON SCHOOLS FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOSTON SCHOOLS FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of BOSTON SCHOOLS FUND INC?
- The 990-EZ for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $153,776 (WILLIAM AUSTIN, FOUNDER AND CEO).
- How much revenue does BOSTON SCHOOLS FUND INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $2,588, expenses of $970,534 and total assets of $0 at year end.
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