BOSTON LATIN SCHOOL ASSOCIATION

EIN: 046035973 501(c)(3) Education

Boston, MA

Total Revenue
$14,840,007
Total Expenses
$5,994,527
Total Assets
$100,121,080
Net Assets
$97,641,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
MA
Principal Officer
FELIPE FLORES HERRERA
Phone
6174241635
Tax Period
2024-07-01 to 2025-06-30

BOSTON LATIN SCHOOL ASSOCIATION, founded in 1905, is a mid-sized nonprofit in the Education sector that reported $14.8M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $8.8M, a strong 60% operating margin.

Mission

THE ASSOCIATION EXISTS TO PRESERVE AND SUPPORT THE MISSION AND EXCELLENCE OF THE BOSTON LATIN SCHOOL, TO BUILD AND MAINTAIN RELATIONSHIPS WITH ALUMNI, TO RAISE FUNDS FOR THESE ACTIVITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,258,893
Program Service Revenue $156,874
Investment Income $1,040,957
Other Revenue $9,383,283
TOTAL REVENUE $14,840,007

Expense Breakdown

Grants Paid $3,093,099
Salaries & Benefits $2,129,484
Fundraising Expenses $785,533
Program Expenses $4,662,784
Other Expenses $771,944
TOTAL EXPENSES $5,994,527

Year-over-Year Comparison

2024 2023 Change
Revenue $14,840,007 $17,777,739 -0.2%
Expenses $5,994,527 $5,329,447 +0.1%
Net Income $8,845,480 $12,448,292 -0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
25
Volunteers
145

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$357,016
Total Directors
24
$357,016
Key Employees
1
$357,016
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 040.00
Officer Director Key Emp Highest
$312,546 $44,470 $357,016
PATRICK HOURIGAN DIRECTOR OF TECHNOLOGY 040.00
Highest
$122,857 $33,552 $156,409
N/A CHIEF FINANCIAL OFFICER 040.00
Highest
$144,000 $12,250 $156,250
JOHN OWENS DIR OF ATHLETICS 040.00
Highest
$112,225 $31,026 $143,251
MARY BETH OSKOWSKI SR. DIRECTOR OF DEVELOPMENT 040.00
Highest
$117,584 $17,587 $135,171
KENNETH CROTTY CHAIR N/A
Officer Director
$0 $0 $0
MICHAEL CONTOMPASIS TRUSTEE N/A
Director
$0 $0 $0
LAWRENCE KEEGAN TRUSTEE N/A
Director
$0 $0 $0
NANCY PRIOR TRUSTEE N/A
Director
$0 $0 $0
THOMAS SPERA TRUSTEE N/A
Director
$0 $0 $0
CHARLOTTE HEMR TRUSTEE N/A
Director
$0 $0 $0
YVETTE PHILIP TRUSTEE N/A
Director
$0 $0 $0
MATTHEW O'MALLEY TRUSTEE N/A
Director
$0 $0 $0
LAURA MACDONALD TRUSTEE N/A
Director
$0 $0 $0
NATASHA TELESFORD WILLIAMS TRUSTEE N/A
Director
$0 $0 $0
WILLIAM SINNOTT TRUSTEE N/A
Director
$0 $0 $0
FRANCIS CHIN TRUSTEE N/A
Director
$0 $0 $0
JASON GALLAGHER HEAD OF SCHOOL N/A
Officer Director
$0 $0 $0
JOHN FITZGERALD CLERK N/A
Officer Director
$0 $0 $0
MICHAEL BOWERS TRUSTEE N/A
Director
$0 $0 $0
ROSAURYS SOSA TREASURER N/A
Officer Director
$0 $0 $0
CATHERINE WONG TRUSTEE N/A
Director
$0 $0 $0
MAGDA HERNANDEZ VICE CHAIR N/A
Officer Director
$0 $0 $0
RACHEL SKERRITT TRUSTEE N/A
Director
$0 $0 $0
CAMERON CASEY TRUSTEE N/A
Director
$0 $0 $0
VINCENT LETTERI TRUSTEE N/A
Director
$0 $0 $0
MARCUS HUGHES TRUSTEE N/A
Director
$0 $0 $0
SEAN KEOHANE TRUSTEE N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,840,007 $5,994,527 $100,121,080 $8,845,480
2024 No data No data No data No data
2023 $11,810,087 $4,985,653 $77,962,893 $6,824,434
2022 $-8,021,699 $5,078,519 $71,373,277 $-13,100,218
2021 $21,646,836 $4,276,964 $84,037,139 $17,369,872
2020 $6,947,259 $4,827,050 $66,722,899 $2,120,209
2019 $8,722,315 $4,928,777 $64,722,897 $3,793,538
2018 $8,579,113 $4,689,788 $60,728,326 $3,889,325
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