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Charter School Financing Partnership LLC

Tax-deductible

Boston, MA501(c)(3)EducationEIN 26-1521682Revenue $781K in FY2024

On file with the IRS1 Washington Mall 12th Floor, 02108-2603 · Boston, MATax-exempt since Oct 2011Publicly supported — 509(a)(2)

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Charter School Financing Partnership, LLC (csfp) is organized and operated exclusively encourage, facilitate, and assist in the Financing of Charter schools and all educational activities related thereto. The housing Partnership network, INC. And five of its members, who are leading lenders to Charter schools, joined together to create csfp - a groundbreaking vehicle to access secondary market Financing for Charter schools that serve disadvantaged students and communities.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $402K a year · 74% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
209 mo
of spending, in cash
Looks good: 208.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$22K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$781K
+0.03% vs prior year
Spent
$119K
To programs
70%
Net assets
$16.5M
By yearFY2020–FY2024
Revenue
$781K
FY2024+0.03%
Tap a bar for its year
Revenue by fiscal year
FY2020$458K
FY2021$333K
FY2022$358K
FY2023$781K
FY2024$781K
Expenses
$119K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$153K
FY2021$155K
FY2022$140K
FY2023$135K
FY2024$119K
Net assets
$16.5M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.8M
FY2021$15.0M
FY2022$15.2M
FY2023$15.9M
FY2024$16.5M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $83K Management & general 30% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Eric Chatman
Secretary/Treasurer
$0Pt VII · Sec A
Jennifer Novak
Board Manager
$0Pt VII · Sec A
Amir Ali
Board Manager
$0Pt VII · Sec A
Adrian Ruiz
Board Manager
$0Pt VII · Sec A
Will Robison
Board Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
See Charter School Financing Partnership LLC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Facilitates financing for charter schools, especially those serving disadvantaged students.

Questions for Charter School Financing Partnership LLC

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Provided by the organization

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1 program · $83K · in their own filed words · FY2024
01

CSFP provides credit enhancement for charter school facilities throughout the country by providing interest free debt service reserve funding, loans, credit enhancement agreements, and loan guarantees by using a combination of grant funds from the U.S.

$83Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$781K
Ln 12
Gifts and grantsLn 1h$601K
Fees for servicesLn 2g$179K
Investment incomeLn 3$2K
Money outPt IX
$119K
Ln 25
Programscol B$83K
Managementcol C$36K
Owns and owesPt X
$16.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$16.6M
LiabilitiesLn 26$22K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$601K
Government grantsLn 1e$601K
Fees for servicesLn 2g$179K
Investment incomeLn 3$2K
Total revenueLn 12$781K
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$674K
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$14.5M
Total assetsLn 16$16.6M
LiabilitiesLn 26$22K
Net assetsLn 32$16.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.1M$2.1M
InvestmentsLn 11–13$13.9M$14.5M
Total assetsLn 16$16.0M$16.6M
LiabilitiesLn 26$91K$22K
Net assetsLn 32$15.9M$16.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$46K$40K$6K
Legal feesLn 11b$397$397
Accounting feesLn 11c$29K$29K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$119K$83K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $781K$119K$663K$16.5M 990 PDF
FY2023 $781K$135K$646K$15.9M 990 PDF
FY2022 $358K$140K$218K$15.2M 990 PDF
FY2021 $333K$155K$177K$15.0M 990 PDF
FY2020 $458K$153K$305K$14.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $781,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $576,455$600,714
I-9 Program service revenuePrior year $196,800$178,934
I-10 Investment incomePrior year $7,690$1,522
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $780,945$781,170
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,389$118,563
I-18 Total expensesPrior year $135,389$118,563
I-19 Revenue less expensesPrior year $645,556$662,607
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $781,170 across 5 lines filed
VIII-1e Government grants$600,714
VIII-1h Total contributions, gifts and grants$600,714
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,934$178,934
VIII-3 Investment incomeExcluded from tax $1,522$1,522
VIII-12 Total revenueRelated to mission $178,934 · Unrelated business $0 · Excluded from tax $1,522$781,170
Part IX · Statement of functional expenses $118,563 across 5 lines filed
IX-11a Management feesPrograms $39,830 · Management $5,952$45,782
IX-11b Legal feesManagement $397$397
IX-11c Accounting feesManagement $29,250$29,250
IX-23 InsurancePrograms $42,009$42,009
IX-24 Other expenses (24a–d)Programs $1,125$1,125
IX-25 Total functional expensesPrograms $82,964 · Management $35,599 · Fundraising $0$118,563
Part X · Balance sheet $16,559,796 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,378,219$1,388,448
X-2 Savings and temporary cash investmentsStart of year $672,760$674,282
X-9 Prepaid expenses and deferred chargesStart of year $39,587$21,336
X-13 Program-related investmentsStart of year $13,875,016$14,475,730
X-16 Total assetsStart of year $15,965,582$16,559,796
X-17 Accounts payable and accrued expensesStart of year $90,809$22,416
X-26 Total liabilitiesStart of year $90,809$22,416
X-27 Net assets without donor restrictionsStart of year $1,999,757$2,061,650
X-28 Net assets with donor restrictionsStart of year $13,875,016$14,475,730
X-32 Total net assets or fund balancesStart of year $15,874,773$16,537,380
X-33 Total liabilities and net assetsStart of year $15,965,582$16,559,796
Part XI · Reconciliation of net assets $16,537,380 net assets at year end
XI-1 Total revenue$781,170
XI-2 Total expenses$118,563
XI-3 Revenue less expenses$662,607
XI-4 Net assets at start of year$15,874,773
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,537,380

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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