Benjamin Franklin Institute of Technology
General Information
41 Berkeley Street
Boston, MA 02116 9425
(617) 588-1367
Website
www.bfit.edu
Organization Contact
Molly Russell [email protected]
Year of Incorporation
1908
1
Statements & Search Criteria
Mission Statement
Benjamin Franklin Institute of Technology offers education to students pursuing career-based paths.
The College strives to develop technical and professional skills as well as individual values that help
to create a foundation for success, civic responsibility and life-long learning. The College adheres to
the principles put forth by our benefactor Benjamin Franklin in his writings about education and
citizenship.
Background Statement
Benjamin Franklin Institute of Technology is Benjamin Franklin’s living legacy in Boston. It evolved
directly from his bequest of £1000 to “the Inhabitants of the Towne of Boston, set forth in a codicil to
his will dated 1789. In his codicil, he wrote, “I have considered that among Artisans good
Apprentices are most likely to make good Citizens. I wish to be useful even after my Death…in
forming and advancing other young men that may be serviceable to their country in both
[Philadelphia and Boston].” On Friday, September 25, 1908, with 750 people attending, the Franklin
Union building was dedicated. Classes at the fledgling Franklin Union began the following Monday
with an enrollment of 533 students. The first term’s offerings were Mechanical Drawing, Machine
Details, Mechanism, Drawing for Carpenters and Builders, Industrial Chemistry, Steam Engines and
Boilers, Industrial Electricity, and Mechanics. In 1941, the College changed its name to The Franklin
Technical Institute and saw its programs and enrollment expand during World War II. His efforts to
upgrade engineering programs in the late 1940s laid the foundation for Franklin to become a
degree-granting institution. In 1957 the legislature authorized the Foundation to grant associate’s,
bachelor’s, and master’s degrees in engineering and science. In 1958 Franklin began awarding
associate’s degrees in engineering and in 1997 its one bachelor’s degree, in Automotive
Technology. In 1961, Franklin changed its name once again, to the Franklin Institute of Boston and
was awarding associate’s degrees in engineering. By 1971, students could choose from six
associate degree programs. In 2001, the College became the Benjamin Franklin Institute of
Technology. In its second century, Franklin moves ahead with optimism. Its student body is highly
diverse, some forty national flags in the auditorium honoring the students’ countries of origin. A
dedicated faculty and staff carry on a long heritage of providing a welcoming and highly supportive
atmosphere, now characterized by the term “High tech, high touch.” In addition to its one bachelor’s
course and several certificate courses, Franklin’s nearly six hundred students can select from nine
associate’s degree programs in the engineering and industrial technologies, preparing for immediate
employment or to pursue a bachelor’s degree with fully transferable credits at colleges with which
Franklin has articulation agreements. In the century since its founding, thousands of men and
women have entered rewarding careers, thanks to the original Franklin bequest and the generosity
of Andrew Carnegie. Their legacy continues.
Impact Statement
Top Five Accomplishments:
1.Our graduation rate is triple the MA average and double the national average for two-year
colleges.
2.Over 90% placement rate in job or further education.
3.The National Science Foundation reported "The College has a strong system of counseling and
student support services, which can truly serve as a national model for public-2 year community
colleges...BFIT's student support system across all its technology degree programs is the most
comprehensive."
4.Renovated Automotive Technology Training Center with Alternative Fuel Vehicle (AFV) Lab - only
A.S. Degree in New England with a specialization in AFV.
5.In 2014, completed challenge match that raised over $1 million to support student scholarships.
2
Needs Statement
• Increase enrollment, retention, and graduation rates.
• Increase funding for scholarships and institutional endowment.
• Expand and deepen industry partnerships to grow job placement rates and corporate
philanthropy.
• Add new academic programs that meet emerging industry needs.
• Develop plan to address long-term physical plant needs, such as student housing, upkeep of the
1908 main building, and ensuring classroom and laboratory technology are in sync with industry
equipment and practices.
CEO/Executive Director Statement
Anthony Benoit was named as the College's 12th President on January 1, 2014. Prior to this
appointment, Benoit served both as Interim President from June 2013 and as Academic Dean from
August 2011. In 2015, Benoit was named by Governor Charlie Baker to the task force on Economic
Opportunity for Populations Facing Chronically High Rates of Unemployment.
Before joining BFIT, Benoit was division director for technology programs and professor of
environmental technology at Three Rivers Community College in Connecticut. While at Three
Rivers, he established an associate degree program to meet regional demand for environmental
technicians and created a technology learning community funded by the National Science
Foundation that improved recruitment, retention, and placement of at-risk young people. Benoit also
served as state-wide director of a Department of Labor funded program spanning six colleges that
improved workforce development in advanced manufacturing and related technologies. In addition
to 20 years of experience in higher education, Tony also has more than a decade of experience in
private industry. For 17 years, he ran an environmental laboratory and consulting firm that
supported businesses, individuals and water companies in public health and regulatory compliance.
Benoit has a Bachelor’s in Molecular Biophysics and Biochemistry from Yale, an MA in psychology
from Connecticut College, and an MS in Environmental Engineering from the University of
Connecticut.
3
Board Chair Statement
I volunteer my time at the college due to the students we educate, the need for this program, and for
my own personal interests in education: The College serves those overlooked in the present
educational environment. The College is effective. The graduation rate is significantly higher than
other two year programs, but more importantly, its students gain meaningful job or further education
paths. Our companies need these skills. Many jobs are presently unfilled due to the lack of
technically skilled workers, but those gaps can be filled with graduates from our College. The
faculty/administration goes beyond than just offering classes. They mentor and support students
who need and respond to their “high touch”. I like history, and the college’s direct link to Benjamin
Franklin and his directive.
Challenges & Opportunities:
Following years of financial deficiencies and endowment decline, the board determined in 2003 that
the problems were due to a lack of decisive governance. Led by the chair, the board members
vowed to change; I was one. The governance issue was partially due to the inflexibility of the
governing body that had been placed under the State Legislature prior to World War II. This
inflexibility did not cope with changes in higher education priorities, funding, and Boston
demographics. Enrollment declined; decisions were not made. Since then, great progress has been
made. Yet many challenges exist that when addressed will support stability and growth: Tuition
covers only a percent of the annual operational costs, thus requiring extensive fundraising. Our
students require additional support as they deal with English language deficiencies, lack of family
support, and need for remedial learning. Management remains thin. For example, enrollment,
student aid and development departments have only recently been implemented and managed.
Finally, as the college faced financial issues, money was not spent to update aging facilities.
Although there have been improvements, much needs to been done. Outreach and bridges to
businesses requires aggressive improvement.
Successes:
More stable management has already made meaningful change, a student-dedicated faculty and
administration is maintained and enrollment has increased over the last nine years. The governance
board is now independent of the State and a normal non-profit Board of Trustees with revolving
terms and term limits. Effort is underway for new member recruitment and meaningful committee
leadership. The governance board and college have been unified into one organization and has
applied for non-profit status. In the meantime, the separate 501c3 has been maintained. New
facilities have been built including a new electrical lab and a new automotive technology center with
an alternative fuels lab (hybrid program); both are needed to address current market needs. To
conclude, all academic programs are under review for relevancy and purpose and additional 2+2
programs are being initiated.
Service Categories
Two-Year Colleges
Vocational & Technical Schools
Scholarships & Student Financial Aid
Geographic Areas Served
Approximately 60% of BFIT students are Boston residents; the remaining are from metropolitan
Boston-area cities and towns within Route 128.
Please review online profile for full list of selected areas served.
4
Programs
Early Access to College
Description
BFIT has partnered with the Boston Public Schools to provide a
dual enrollment program branded with a technology future for any
hopeful student. Courses taught at BFIT serve 130 – 150 students
across three semesters each year. They come to us because we
give them access to hands-on courses with real-world
applications.
A report from The Boston Foundation, Who’s Making It, describes
a dire need to “increase the engagement of Boston Public Schools
graduates and other under-represented students in their college
coursework and other academic experiences.” In our traditional
classes it was clear that BPS students, entering as freshmen,
suffered from too little understanding of the demands and
expectations of higher education; and too few skills to identify
appropriate courses, to organize and complete assignments, and
to reach out to teachers for support and direction. BFIT committed
itself to encourage students to explore college, to learn about what
it is and where it can take them.
Budget
$398,084.00
Category
Education, General/Other Education & Technology
Population Served
Adolescents Only (13-19 years), At-Risk Populations,
Poor,Economically Disadvantaged,Indigent
Program Short Term Success
• Sustain enrollment of 500 + annually or above and increase
graduation rates to 70% or higher over the next five years.
• Maintain a competitive tuition rate.
• Expand partnerships with Boston Schools that, through
curriculum alignment and dual-enrollment, substantially reduce
the need for remedial programs at the College, and create a
seamless pipeline for technology education for interested
students.
• Build partnerships with Boston industry to train students in highdemand technology positions for immediate placement in
regional technology jobs.
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Program Long term Success
Our goal is to contribute to the development of a student as
“college ready” according to David T. Conley, author of the 2007
report on “Redefining College Readiness:” The college-ready
student is able to understand what is expected in a college
course, can cope with the content knowledge that is presented,
and can take away from the course the key intellectual lessons
and dispositions the course was designed to convey and
develop…the student is prepared to get the most out of the
college experience by understanding the culture and structure of
postsecondary education and the ways of knowing and intellectual
norms of this academic and social environment. The student has
both the mindset and disposition necessary to enable this to
happen.
This program is a long-term commitment to Boston’s students and
to strengthening the Greater Boston community. EAC is producing
college-bound, skills-oriented youth, but it requires continual
annual funding and increased investment.
Program Success Monitored By
Student grades, graduation rates, and enrollment levels are
captured by the Registrar’s Office and are simple to track for
confirmed performance against the outcomes described above.
The chart below provides a multi-year review of performance:
Academic Year
(Fall, Spring, and Summer
Semesters)
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
Total
Examples of Program Success
Enrolled
Received Dual Credit
% Received Dual C
79
109
132
139
173
632
69
92
117
112
141
531
87%
84%
89%
81%
82%
84%
Freshman year of high school I toured Benjamin Franklin Institute
of Technology and learned about what it takes to become a
college student. I heard about the dual enrollment program that
allows students to start college and get a feel for it while still in
high school. Automotive is my passion. I grew up around cars and
have always known that my career would involve working on cars.
I took my first class during the spring 2010 semester. Since then I
have taken many other classes and will enter BFIT next
September with only one year remaining to get my associate
degree. The EAC program changed my mindset because I wasn’t
planning on coming to college. College isn’t a hassle. I have found
out that if you stay on top of everything, the ride through college is
smooth.
- Renaldo Torres
6
Third Semester
Description
Student retention is the impetus behind the tuition-free Third
Semester Program. Incoming students, whose admissions'
placement tests show the need for remedial support, are offered a
free third semester in their freshman year as an enticement to
take remedial courses in order to remain in college, succeed, and
graduate within two years. This is a personalized learning plan for
incoming freshman needing remedial work before they take
college-level courses, and might include: Algebra I, II, or English.
In the spring semester, they begin taking courses in their major,
and in the summer or "Third Semester," they complete first year
credits in their major, and are then ready to become sophomores
in the fall.
Budget
$726,727.00
Category
Education, General/Other Education & Technology
Population Served
At-Risk Populations, College Aged (18-26 years), Minorities
Program Short Term Success
The College tracks fall-to-spring retention (first semester) and fallto-fall retention (one year). The fall-to-spring retention rate for
freshman students in 2008 was 84%, in 2009-81%, and in 201079%. The fall-to-fall retention rate in 2008 was 48%, in 2009 it was
47%, and 48.42% in 2010. The graduation rate for students who
started in fall 2008 was 62.24%, fall 2009 was 57.44% and those
in fall 2010 was 61.4%. Certificate students, who on average
make up 10% of the student body, who graduate within their first
year are not counted as retained because they do not return for a
second year which impacts our retention numbers. To address
this, the Registrar also tracks success rates to include certificate
students who generally graduate within that first year. In fall 2008
the success rate of our students was 62%, in fall 2009 it was 57%,
and in fall 2010 it was 78%.
Program Long term Success
The ultimate goal of this program is to keep students enrolled in
college and allow them to attain their degree by offering
development courses to fix lapses in core areas essential to
college success, including math, English, and communication.
The aim is to increase student retention and graduation rates.
Our current graduation rate is 50% (triple the MA level for twoyear colleges and double the national average) and our goal is to
increase that number to 70% by 2016.
7
Program Success Monitored By
In an effort to address the declining retention and graduation
numbers the College established a Retention Committee in fall
2010. The committee includes members from all aspects of the
College community and meets regularly to analyze our retention
rate and discuss possibilities for improvement. The committee has
also broken into three smaller working groups, Early Intervention,
Data Gathering, and Curriculum Delivery, to more closely examine
specific components of the College. The goal is to implement
initiatives in 2011/12 and continue ongoing evaluation. The work
of this group has led to new initiatives to be implemented in the
2011/2012 academic year, which include:
• Students of Concern committee which will meet every week to
review students who have been identified as being at-risk for
attrition (attendance records, work with faculty and staff, and
anecdotal information)
• Retention Committee which will continue the work which began
in the fall 2010 in collecting and analyzing data and reviewing
systemic/policy issues related to retention
• Development of an exit survey that will better enable the college
to understand why students left their program prior to receiving
their degree.
• Adding a pilot course, the Franklin Seminar, designed to support
students to be successful in and prepared for the rigors of
college level coursework. Through contextualized learning
students will learn how to be successful in their college level
course work and understand how to utilize the resources that
the College provides to assist students as they work toward
graduation
• Investing in capital improvement projects for the 2012 academic
year geared towards improving the students co-curricular
experience.
• Improving the College’s web-based SOS (Support Our
Students) system, an “early warning” system, allowing faculty
and advisors to communicate via e-mail like messages to detect
and solve student concerns quickly. Integrating the SOS system
with the Students of Concern committee
Examples of Program Success
One recent graduate, Christina L., is a particularly good example
of the value of Third Semester. She needed developmental
courses to progress in the Opticianry program, but she simply
could not afford to pay for the extra required semester to stay in
college and graduate. Her mother was already working three jobs,
and her father worked more than 16 hours a day at his. She says
“The Third Semester scholarship definitely changed my life in a
big way.” She is now working as an Optician for Target, and her
ultimate goal is to become an Ophthalmologist
Program Comments
CEO Comments
Anne Bailey Berman, Former Board Chair:
"Too many of our greater community's young people struggle with finding a future, gaining the right
education and training, or even getting on the right path. They fall between the cracks of our fouryear institutions and community colleges. My goal related to Franklin is to insure its stability,
8
relevance, and growth so that it may educate even more students in the way that it does."
Christopher Morss, Trustee:
"The administrators, faculty, and staff devout Herculean efforts to support our students and help
them succeed. Stories abound at the college both from current students and alumni about people
who went far out of their way to help someone be successful. Franklin has a comprehensive student
support system and we do all in our power to identify and help any student in difficulty before a
situation becomes grave. The result is that tentative incoming students who wonder if they can
succeed discover that they can, and their confidence in their ability grows."
James S. Hughes, Former Trustee:
"In addition to teaching practical job skills, the College creates a supportive environment and a
personal learning experience which helps students mature, stay in school, graduate, and find a
career path that suits them and allows them to become good citizens. The result of this successful
program is reflected by the high student retention and graduation rates and a near certainty of job
placement upon graduation."
9
Management
CEO/Executive Director
Executive Director
Mr. Anthony Benoit
Term Start
Jan 2014
Email
[email protected]
Experience
On January 1, 2014 the Board of Trustees of Benjamin Franklin Institute of Technology (BFIT)
unanimously approved the appointment of Anthony Benoit as the 12th President in the college’s
106-year history.
After the sudden loss of President George Chryssis in May 2013, the Board of Trustees appointed
then Academic Dean, Anthony Benoit, as Interim President. “During his term as Interim President,
Tony demonstrated he well understands our college, our challenges and our opportunities,” stated
Chair of the Board, Anne Bailey Berman.
To further assist the Board during the transition period, Isaacson, Miller was commissioned to begin
a search for a permanent President. In a report to the Board, Isaacson, Miller noted that Benoit “was
highly regarded as both an administrator and a highly competent technology professional.” Among
his achievements during his time at the college, Isaacson, Miller pointed to Benoit’s successful
redesign of curriculum to strengthen program offerings and to develop new programs. He has
fostered solid and creative relations with industry that have strengthened the college’s partnerships.
He led the academic division of the college through its recent ten-year NEASC accreditation and
has achieved laudable success in securing large grants from major funders including the National
Science Foundation and the U.S. Department of Labor.
Prior to joining BFIT in August 2011 as Academic Dean, Benoit was director for the technology
department and professor of environmental technology at Three Rivers Community College in
Connecticut. While at Three Rivers, he established an associate degree program to meet regional
demand for environmental technicians and created a technology learning community funded by the
National Science Foundation that improved recruitment, retention, and placement of at-risk young
people. Benoit also served as state-wide director of a Department of Labor funded program
spanning six colleges that improved workforce development in advanced manufacturing and related
technologies. In addition to 20 years of experience in higher education, Benoit also has more than a
decade of experience in private industry. For 17 years, he ran an environmental laboratory and
consulting firm that supported businesses, individuals and water companies in public health and
regulatory compliance. Benoit has a Bachelor’s in Molecular Biophysics and Biochemistry from
Yale, an MA in psychology from Connecticut College, and an MS in Environmental Engineering from
the University of Connecticut.
Former CEOs
Name
Term
George Chryssis
Jan 2011 - May 2013
Senior Staff
10
Mr. Brian Bicknell
Title
Dean of Academic Affairs
Experience/Biography
Brian Bicknell joined Benjamin Franklin Institute of Technology in
June of 2011 as Dean of Students. Brian was previously the Dean
of Students at Montserrat College of Art and the Director of
Housing at The Boston Conservatory. Brian has an MA in
counseling from Fitchburg State University and an EdD in higher
education administration from University of MassachusettsBoston.
Mr. Michael A. Bosco
Title
Dean of Student Services
Experience/Biography
Michael Bosco began his tenure as Dean of Enrollment
Management in May 2010. He has admissions, enrollment
management, and marketing experience at Mount Ida College in
Newton, Massachusetts and Johnson & Wales University in
Providence, Rhode Island. He holds a master’s of education from
Curry College, a bachelor’s degree in business management and
an associate’s degree in financial services management, both
from Johnson & Wales University. He is a frequent presenter at
regional and national higher education conferences including the
New England Association of College Admissions Counselors, the
NASPA Region I Conference, and the Conference on the First
Year Experience. He is pursuing his doctorate in higher education
administration at Northeastern University.
Mr. Marvin Loiseau
Title
Associate Dean of Admissions and Financial Aid
Experience/Biography
Ms. Shelley Dropkin
Title
Director of Human Resources
Experience/Biography
Mr. Jaime Crespo
Title
Director of Marketing
Experience/Biography
Staff Information
Full Time Staff
75
Part Time Staff
38
Volunteers
2
11
Contractors
1
Retention Rate
87%
Staff Demographics - Ethnicity
African American/Black
8
Asian American/Pacific Islander
2
Caucasian
60
Hispanic/Latino
5
Native American/American Indian
0
Other
0
Staff Demographics - Gender
Male
47
Female
28
Unspecified
0
Formal Evaluations
CEO Formal Evaluation
Yes
CEO/Executive Formal Evaluation Frequency
Annually
Senior Management Formal Evaluation
Yes
Senior Management Formal Evaluation Frequency
Annually
NonManagement Formal Evaluation
Yes
Non Management Formal Evaluation Frequency
Annually
Plans & Policies
Organization has a Fundraising Plan?
Under Development
Organization has a Strategic Plan?
Yes
Years Strategic Plan Considers
5
Date Strategic Plan Adopted
Jan 2011
Does your organization have a Business Continuity No
of Operations Plan?
Management Succession Plan?
Under Development
Organization Policy and Procedures
Under Development
Nondiscrimination Policy
Yes
Whistleblower Policy
No
Document Destruction Policy
No
12
Is your organization licensed by the Government?
No
Registration
Exempt
Permit?
Exempt
External Assessments and Accreditations
Assessment/Accreditation
Year
2012
13
Board & Governance
Board Chair
Board Chair
Mr. Ryan Hutchins
Company Affiliation
Gilbane Building Company
Term
July 2014 to June 2016
Email
[email protected]
Board Members
Name
Affiliation
Status
Mr. Anthony Benoit
Benjamin Franklin Institute of
Technology
Exofficio
Mr. Roger Berman
The Berman Group
Voting
Mr. Daniel Bonnette
McGladrey LLP
Voting
Mr. Rahn Dorsey
City of Boston
Exofficio
Ms. Kaye Ferriter
Consultant
Voting
Mr. David Fischer
Gold Hill Capital
Voting
Mr. William A. Ghormley
Xconomy
Voting
Mr. Ryan Hutchins
Gilbane Building Company
Voting
Ms. Amy Leddy
Liberty Mutual
Voting
Mr. Erik Lien
Outside In Advisors
Voting
Mr. Christopher Morss
Retired, Teacher and Author
Voting
Mr. Steven Neville
UMass Boston
Voting
Mr. Jed Nosal
Brown Rudnick
Ms. Judy Pagliuca
Pagliuca Foundation
Voting
Ms. Maureen Pompeo
Consultant
Voting
Mr. Christopher Scoville
Eastern Bank
Voting
Mr. Joseph Shaker
Shaker Auto Group
Voting
Mr. Kevin Stone
KeyBank Real Estate Capital
Voting
Mayor Martin J. Walsh
Office of the Mayor
Exofficio
Mr. Daniel Weinger
Mintz Levin, PC
Voting
Board Demographics - Ethnicity
African American/Black
2
Asian American/Pacific Islander
0
Caucasian
18
Hispanic/Latino
0
Native American/American Indian
0
Other
00
14
Board Demographics - Gender
Male
16
Female
4
Unspecified
0
Board Information
Board Term Lengths
3
Number of Full Board Meetings Annually
4
Written Board Selection Criteria?
Under Development
Written Conflict of Interest Policy?
Under Development
Percentage Making Monetary Contributions
100%
Constituency Includes Client Representation
Yes
Standing Committees
Board Governance
Executive
Finance
Marketing
Strategic Planning / Strategic Direction
Academic Affairs
Audit
Building
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Investment
15
Financials
Fiscal Year
Fiscal Year Start
July 01, 2014
Fiscal Year End
June 30, 2015
Projected Revenue
$11,212,024.00
Projected Expenses
$11,212,024.00
Endowment?
Yes
Endowment Value
$3065456.00
Spending Policy
Percentage
Percentage
5%
Credit Line?
Yes
Reserve Fund?
No
Months Reserve Fund Covers
0
Detailed Financials
Revenue and Expenses
Fiscal Year
Total Revenue
Total Expenses
Revenue Sources
Fiscal Year
Foundation and Corporation
Contributions
Government Contributions
Federal
State
Local
Unspecified
Individual Contributions
Indirect Public Support
Earned Revenue
Investment Income, Net of Losses
Membership Dues
Special Events
Revenue In-Kind
Other
2014
$11,136,246
$9,912,636
2013
$10,478,221
$10,194,567
2012
$9,607,957
$9,435,490
2014
$699,100
2013
$530,500
2012
$721,500
$41,706
$41,706
---$1,838,697
-$7,703,508
$853,235
-----
$278,474
$278,474
---$700,363
-$8,561,785
$407,099
-----
$348,112
$348,112
---$1,217,039
-$7,238,870
$82,436
-----
16
Expense Allocation
Fiscal Year
Program Expense
Administration Expense
Fundraising Expense
Payments to Affiliates
Total Revenue/Total Expenses
Program Expense/Total Expenses
Fundraising Expense/Contributed
Revenue
Assets and Liabilities
Fiscal Year
Total Assets
Current Assets
Long-Term Liabilities
Current Liabilities
Total Net Assets
Short Term Solvency
Fiscal Year
Current Ratio: Current Assets/Current
Liabilities
Long Term Solvency
Fiscal Year
Long-Term Liabilities/Total Assets
Top Funding Sources
Fiscal Year
Top Funding Source & Dollar Amount
Second Highest Funding Source & Dollar
Amount
Third Highest Funding Source & Dollar
Amount
2014
$8,675,949
$846,926
$389,761
-1.12
88%
15%
2013
$8,403,500
$1,336,500
$454,567
-1.03
82%
30%
2012
$8,140,920
$846,500
$448,070
-1.02
86%
20%
2014
$8,875,191
$6,127,237
$468,734
$2,179,170
$6,227,287
2013
$7,279,907
$4,531,375
$486,068
$1,790,162
$5,003,677
2012
$7,101,559
$4,110,246
$1,413,619
$967,917
$4,720,023
2014
2.81
2013
2.53
2012
4.25
2014
5%
2013
7%
2012
20%
2014
---
2013
---
2012
---
--
--
--
Capital Campaign
Currently in a Capital Campaign?
No
Capital Campaign Anticipated in Next 5 Years?
Yes
Comments
Foundation Staff Comments
Financial summary data in the charts and graphs above is per the organization's audited financials.
The organization provided further revenue breakout detail for both Foundation & Corporation and
Government sources for fiscal years 2014, 2013 and 2012. The breakout of functional expenses
was provided by the nonprofit for all three years above.
The nonprofit received a new nonprofit status (EIN #04-2103576) in November 2012, and began
using this new nonprofit status to receive all gifts in early 2013. The IRS Letter of Determination is
posted above for this new nonprofit status. Prior to early 2013, the nonprofit used the Franklin
Institute Inc. (EIN #22-2995201) nonprofit status to receive donations. Please note, the Form 990s
and Audits associated with the previous nonprofit status are posted above for your reference.
Created 06.17.2017.
Copyright © 2017 The Boston Foundation
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