Codman Academy Foundation

Codman Academy Foundation General Information 637 Washington Street Dorchester, MA 02124 (617) 287-0700 152 Website www.codmanacademy.org Organization Contact Rachel Langer rlanger@codmanacademy.org Year of Incorporation 2001 1

Statements & Search Criteria Mission Statement Mission: Our mission is to provide an outstanding, transformative education to prepare students for success in college, further education and beyond. Vision: We educate the whole student: mind, body, and character. With the city and world as our classroom, we build a school community rich in rigorous academics and daily experiences of discovery. We continue to support our alumni in realizing their potential after graduation. Background Statement Founded in September 2001 by Meg Campbell, Bill Walczak (founder of the Codman Square Health Center), and George Brackett (Harvard Graduate School of Education), Codman Academy Charter Public School was created to offer students in Dorchester, Mattapan, and Roxbury a comprehensive college-preparatory education that was previously unavailable to them. At the time of its founding, Dorchester was home to the Boston high schools with the highest dropout rates. As a result of her years serving as a lecturer at the Harvard Graduate School of Education and as founding executive director of Expeditionary Learning--an educational program based upon Outward Bound principles-- Meg had become convinced that contrary to the conventional wisdom, it wasn t too late in high school to redress a student s academic deficits. Codman served students in grades 9-12 for over a decade until receiving permission to add grades K1-8 starting in 2013. We enrolled 42 K1 and K2 students during the 2013-2014 school year (the first phase of our expansion project), 80 students in grades 1, 2, 5, and 6 for the 2014-2015 school year, 40 students in grades 3 and 7 for the 2015-2016 school year, and reached our 345-student capacity for the 2016-2017 year. Codman offers students in grades 9-12 a six-day a week, extended school day program, from 9:00am to 5:00pm (with Wellness classes, athletics, and clubs held before or after the school day). Saturday classes are mandatory. On Saturdays 10 th graders participate in Codman s Saturday Tutorial program and MCAS preparation while 9th, 11th and 12th graders participate in non-traditional courses, such as robotics, monologues, computer engineering, philosophy, sound engineering, and studio art as part of Codman's Saturday Enrichment Program. 2

Impact Statement Accomplishments: 1. Academic Achievement/College Preparation: 100% of our graduates have been accepted to college every year since our founding. 89% of our recent alumni are enrolled in or have graduated from college, and a number of alumni return to Codman to work or teach. 2. High-Quality Faculty and Community Partners: Codman has built extensive relationships within the Boston community in order to offer our students a wide range of opportunities. Codman was awarded the Massachusetts Gold-Level School Wellness Award for our partnership with the Codman Square Health Center. In 2009, Codman received the Commonwealth Award for our partnership with The Huntington Theatre Company. Additionally, Codman is an EL Education Mentor School and an EL Credentialed School. 3. Student Support services around mental health issues: Our innovative Student Support Services program takes a multi-tiered approach to address this challenge, including individual counseling, crisis intervention, parent outreach and support, group counseling, a social skills group, new student intake, conflict mediation, and weekly Student Support Team meetings. Our full-time, on-site social worker is accessible to students of all ages, as well as as their families as needed. Goals: 1. Continuing to find innovative fundraising strategies to cover costs of new buildings: In September of 2012, we moved into our new William J. Walczak Health and Education Center. In 2013 we purchased the historic Lithgow building to house our new lower school classes. We reached capacity with 345 students in grades K1-12 for the 2016-2017 school year. 2. Keep raising the bar academically: We hope to increase the number of our alumni who enroll and graduate from college, a substantial feat in the current economy. To do this, we are working to increase our Alumni Support program by employing two Deans of Alumni and maintaining close relationships with alumni as they move through college and out into the workforce. Expansion: In February 2013, the Board of Elementary and Secondary Education approved our expansion to a K1-12 school by 2017. We added K1 and K2 during the 2013-2014, grades 1, 2, 5, and 5 during the 2014-2015 school year, and grades 3 and 7 during the 2015-2016 school year Needs Statement Codman serves a population of students with significant economic, social, emotional, health, and academic needs. 99% of our students are of color, 75% qualify for free or reduced lunch, and 29% identify as special needs. The average 9th grader enters Codman at or below a 7th grade reading level, and many lack rudimentary mathematical skills. Furthermore, our student body is disproportionately affected by childhood obesity; 42% of our students have been identified as overweight or obese. This is an issue of highest importance to our school and we educate students on nutrition while also providing a healthy breakfast, lunch, and snack, equipping our students to put their nutritional knowledge into practice. External factors also play into our students' lives; the Codman Square neighborhood of Dorchester is one of Boston s most economically challenged. Violence is a frequent occurrence in our community, and our students feel the effects through their families, friends, and neighbors. Based on the geographic location of our school, the age of our student body, and the economic status of our students families, we would classify 100% of our students as at-risk. The vulnerability of our students necessitates that we support their academic, emotional, and healthy physical development. Service Categories Elementary & Secondary Schools Geographic Areas Served 3

Codman Academy Charter Public School is located in the Codman Square neighborhood in Dorchester, Massachusetts. Most of our students live in Dorchester, Mattapan, and Roxbury. Please review online profile for full list of selected areas served. 4

Programs Wellness/Nutrition Program Description Wellness plays an important role in day-to-day life at Codman, from our junk-food-free policy to our partnership with the Dorchester YMCA. All students take Wellness classes three times a week and, all 9 th grade students participate in a nutrition and wellness course designed by Harvard School of Public Health faculty, and must pass a Nutrition exam to graduate. Codman also takes emotional and social wellbeing very seriously. To foster a safe and supportive school environment, all Codman students receive mental health counseling from our licensed social worker. When the social worker identifies serious mental health issues, students are referred to the health center for further treatment. Our Wellness initiatives have been recognized by the MA Department of Elementary and Secondary Education, which awarded Codman the Massachusetts Gold-Level School Wellness Award in 2010. Budget 135000 Category Population Served Program Short Term Success Food, Agriculture & Nutrition, General/Other Nutrition Adolescents Only (13-19 years), Families, At-Risk Populations Over the past three years, we have taken a much more proactive approach to our students health and wellness. In addition to the physical education component of our Wellness program, all 9 th grade students participate in a nutrition and wellness course, designed by Harvard School of Public Health faculty, to address drug addiction, chronic diseases such as diabetes, hypertension, heart disease and HIV/AIDS, community and domestic violence, and depression. We have formed the student-run Nutrition Action Club, which focuses on promoting nutrition throughout the school through student-led initiatives. This year, we will be a Junk Food Free school for the entire school year (after the successful implementation of this initiative in the 2011-2012 school year). In 2011-2012, we developed a Save Your Life nutrition competency exam, which all students are required to pass in order to graduate. The idea behind the requirement is that it is equally important for students to understand how to read a food label and manage their health as it is to write a thesis statement, multiply fractions, or read the Periodic Table of Elements. Codman Academy has also worked to build a strong base of family involvement and support, and our aim is for students to bring home the lessons they learn in nutrition class. 5

Program Long term Success Program Success Monitored By Examples of Program Success The objectives of our Wellness program are as follows: 1) To establish Codman s campus as a healthy junk food free environment 2) To model positive choices about nutrition and wellness in school 3) To equip Codman students with the tools needed to make healthy choices and inspire their families to make healthy choices Our modes of evaluation include: student attendance records, standardized testing, college acceptance and retention rate, and feedback from students and parents. For our nutrition and wellness program, we further examine: BMI measurements, amount of junk food confiscated (informal), and test results from our nutrition course. In the 2011-2012 school year, we implemented a nutrition competency exam, which students have since been required to pass to graduate. Massachusetts Gold-Level School Wellness Award from the Massachusetts Department of Elementary and Secondary Education Mbakwe Okafor, who pioneered Codman's Wellness and nutrition program, was named as one of Boston Globe's: "Globe 100: Most Innovative People in Massachusetts 2012." Creation of student-led Nutrition Action Club (NAC) On April 1, 2010, NAC members brought the campaign to the attention of the larger Boston Community by presenting the Junk Food Free Campaign to the Boston Public Health Commission. The Public Health Commission then invited NAC members to help kick off their Soda-Free Summer campaign. News stories featuring Codman s Wellness initiatives on WBUR and Channel 5. We are now completely "junk food free" at Codman. 6

Theatre Program Description Codman s Humanities program connects students to the communities around them, combining learning about historical and current social justice issues with intensive theatre/public speaking training. Students hone their presentation skills as they enact the works of playwrights such as William Shakespeare, Lorraine Hansberry, and August Wilson and write and present their own Senior Talks. Every other Friday at Codman is designated as a Huntington Day for 9 th and 10 th graders. The capstone of a Codman students' theatre career is their Senior Talk, which is a defense of their lives modeled after Socrates' "Apology." Each student works through multiple drafts and hones their public speaking skills to present their work in front of the entire school community. These talks are extremely meaningful and emotional for students, and many cite it as a pivotal moment in their academic and social development at Codman. Budget 56000 Category Population Served Program Short Term Success Program Long term Success Arts, Culture & Humanities, General/Other Performing Arts Adolescents Only (13-19 years), Poor,Economically Disadvantaged,Indigent, At-Risk Populations Our partnership has been nationally recognized as an innovator in arts education. In 2009, the school received the Commonwealth Award from the Massachusetts Cultural Council for its partnership with the Huntington Theatre Company. This is the state s highest award in arts and culture and Codman Academy is the first public school to receive this award. Graduation each year is held on one of the theatre's main stages. In 2012, a 10 th grade student won the Massachusetts state August Wilson monologue competition and competed in the national final at Broadway s August Wilson Theatre. This is the first time that a Codman student has performed on Broadway, but we expect it won t be the last. Ultimately, our theatre program with the Huntington Theatre Company will continue to play an important role in college, career, and life preparation for our students. Because of this program, many of our students develop a genuine appreciation of playwrights and interest in theatre that they pursue during their summer vacations and after graduation. Our students will cultivate skills in the arts of public speaking and performance that they will carry with them beyond Codman. 7

Program Success Monitored By Examples of Program Success To ensure the success of our theatre program, Codman Academy staff work closely with Huntington Theatre Company members. Student trips to the Huntington Theatre and the Calderwood are also attended by our 9 th and 10 th grade English teachers. We use the 9 th grade Poetry Out Loud competition and the 10 th grade August Wilson monologue competition to monitor student growth, both of individuals and of the class as a whole. These competitions also allow for students to showcase their talents to parents, friends of the school, and other teachers and staff members. 2009 Commonwealth Award from the Massachusetts Cultural Council Student participation in state and national monologue competitions Codman s theatre program was featured in Boston Globe 8

College Preparation/Enrichment/Alumni Support Description Codman Academy strives to enable every student to succeed in high school, apply and be accepted to college, and be successful in college. Our college prep begins in 9th grade, when students visit colleges, learn about financial aid options, and start considering public/private and liberal arts/university choices. 11th and 12th graders focus intensely on the application process through SAT prep courses, interview workshops, and a college preparation class taught by the Dean of College and Career. 11 th graders participate in a college fair that is attended by representatives from over 100 colleges in the fall, and in the spring, they participate in a unique on-campus college speed dating event. To gain professional experience, all students are required to earn two summer credits by participating in enrichment opportunities, such as internships or academic programs. Even after graduation, alumni are continually mentored and supported by Codman staff. Budget 30000 Category Population Served Program Short Term Success Program Long term Success Education, General/Other Guidance & Counseling Adolescents Only (13-19 years), Families, Poor,Economically Disadvantaged,Indigent Approximately 71% of our alumni are currently enrolled in or have graduated from college. Codman has graduated three Posse Scholars, the most recent of whom is attending Bryn Mawr College. One of the members of our Class of 2010 attended the University of Virginia, courtesy of the Bill and Melinda Gates Millennium Scholarship program. She was one of 1,000 recipients chosen from a pool of over 25,000 nominees to receive a full fouryear scholarship as financial support towards her graduate degree. Every year since its inception, 100% of Codman Academy s graduating seniors have been accepted to college. At Codman, we have a saying that no student ever truly leaves Codman, and we make it a priority to support our alumni after graduation. Our alumni support program includes an emergency fund, college mentoring, and career advice. We track all of our students progress after graduation. Program Success Monitored By For current students, all applications and acceptances are tracked. For alumni, the Dean of College and Alumni advising tracks their progress in college and/or their careers. Examples of Program Success College acceptance rate: 100% Success in college: 71% of Codman alumni are currently enrolled in or have graduated from college Many college graduates are returning to Codman to teach, intern, mentor, or serve on the board. 9

Codman's Campus Description Codman Academy was founded in 2001 within the walls of the Codman Square Health Center. Our unique location has allowed us to provide our students with critical mental and physical health services and experiential learning opportunities in the healthcare industry. As Codman welcomed more students, we realized that we would need more space. Working with the health center, we completed a major renovation of the Codman Square Health Center, and we moved into the new building at the beginning of the 2012-2013 school year. In February 2013, we received approval from the state to add an additional 200 students in grades K1-8. To house our new grades, we purchased and renovated the historic Lithgow building - located directly across the street from the Codman Square Health Center. The Lithgow building opened to students in the fall of 2015. Budget 12000000 Category Population Served Education, General/Other Adolescents Only (13-19 years), Families, Poor,Economically Disadvantaged,Indigent Program Short Term Success Program Long term Success Program Success Monitored By Examples of Program Success After a successful quiet phase of the "Campaign for Codman's Future," which will raise funds for the Lithgow building and K1-8 expansion, the campaign was made public in 2015. To day, we have raised more than half of our $15,000,000 goal. 10

Management CEO/Executive Director Executive Director Mr. Thabiti Brown Term Start Sept 2001 Email tbrown@codmanacademy.org Experience Thabiti joined Codman Academy as the founding Humanities teacher in 2001 before serving as Academic Dean, Codman's first (and only!) Principal, and now Head of School. Prior to joining Codman, he taught at the Beacon School in New York and at the International School of Panama. Thabiti is a recipient of a 2005 Milken Educator Award. He is a member of the Codman Square Health Center board of directors. In 2011, he was awarded a Lynch Fellowship for Boston school leaders affiliated with Boston College Graduate School of Education. Thabiti's special interest is in schools as community centers. Thabiti is a graduate of Brown University (BA in American Civilizations) and Teachers College - Columbia University (MA in Social Studies). Staff Information Full Time Staff Part Time Staff Volunteers Contractors 75 5 1 3 Staff Demographics - Ethnicity African American/Black 27 Asian American/Pacific Islander 7 Caucasian 39 Hispanic/Latino 4 Native American/American Indian 0 Other 0 Staff Demographics - Gender Male Female Unspecified 28 47 0 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Annually 11

Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers Date Strategic Plan Adopted July 2012 Does your organization have a Business Continuity of Operations Plan? Management Succession Plan? Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Directors and Officers Insurance Policy Is your organization licensed by the Government? Permit? 5 No No No No Awards Awards Award/Recognition Organization Year The Commonwealth Award Massachusetts Cultural Council 2009 Gold-Level Wellness Award Bronze Medal for Best High Schools Bronze Medal for Best High Schools Bronze Medal for Best High Schools MA Departments of Health and Elementary and Secondary Education 2010 U.S. News & World Report 2014 U.S. News & World Report 2015 U.S. News and World Report 2016 Affiliations Affiliation Year AFP (Association of Fundraising Professionals) 0 12

Board & Governance Board Chair Board Chair Ms. Mary Weber Company Affiliation Ropes & Gray LLP Term July 2013 to June 2016 Email mary.weber@ropesgray.com Board Members Name Affiliation Status Ms. Margaret Campbell Codman Academy Exofficio Ms. Christine Carsman Affiliated Managers Group, Inc. Voting Ms. RoAnn Costin Wilderness Point Investments Voting Mr. Chris Del Col Nomura Securities International Voting Mr. James Dillon Retired Voting Ms. Perrin Grayson Community Volunteer Voting Mr. Christopher Harris The Boston Foundation Voting Mr. Justin Harrison BV Investment Partners Voting Ms. Candace Lau-Hansen JP Morgan Voting Ms. Marianne Lord Simmons College Voting Mr. Lawrence O'Donnell Jr. MSNBC Voting Mr. Mbakwe Okafor Fessenden School Voting Mr. Andrew Perlmutter Boston Globe Media Partners Voting Mr. Steve Sandak EverFi; Herb and Nell Singer Foundation Voting The Honorable Patti Saris U.S. District Court Voting Mr. David Thill Ramius LLC Voting Mr. Marlon Thompson Fidelity Investments Voting Mr. Bill Wall Abrams Capital Voting Ms. Mary Weber Ropes & Gray Voting Board Demographics - Ethnicity African American/Black 4 Asian American/Pacific Islander 0 Caucasian 14 Hispanic/Latino 0 Native American/American Indian 0 Other 0 Board Demographics - Gender 13

Male Female Unspecified 7 11 0 Board Information Board Term Lengths Number of Full Board Meetings Annually Board Meeting Attendance % Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Percentage Making In-Kind Contributions Constituency Includes Client Representation 3 5 60% No No 100% 100% Standing Committees Academic Affairs Board Governance Building Development / Fund Development / Fund Raising / Grant Writing / Major Gifts Finance Additional Board Members and Affiliations Name Mr. William Douglass Mr. Charles Longfield Affiliation K2 Advisors Target Software 14

Impact Goals At Codman, we use both quantitative and qualitative measurements to evaluate the success of our programs. Tracking is a team effort, with a variety of staff members including teachers, the Head of School, Principals, Chief of Innovation and Strategy, Dean of College and Career Advising, Dean of Academic Enrichment and Instruction, Office Manager, Director of Special Education/ELL, and Director of Tutorial measuring our success annually at the close of each school year through a variety of forms of data analysis. We set the bar high at Codman, but we also offer the range of supports necessary to aid our students, faculty, and staff (along with families) in working together to achieve success, often defying societal expectations and traditional beliefs. We define success in a holistic manner we value the success of our enrichment programming as much as we value our strong academic track record. As a school where the majority of incoming 9 th graders come in already at a significant disadvantage multiple grade levels below their college-bound peers we are particularly focused on fostering student growth. Codman s three overarching goals are: 1) To accelerate the acquisition of grade appropriate core academic skills; 2) To assist students in gaining access to college and in securing the necessary financial aid; 3) To equip our students with the knowledge, tools, and confidence necessary to succeed in college. We have demonstrated significant progress in goal #1 based on our students MCAS scores and #2-3 based on our 100% college acceptance rate, as well as our alumni s success 89% of our four most recent graduating classes are currently enrolled in/have graduated from college. Strategies At Codman, college advising begins on day one (and continues beyond graduation). Our goal is not simply for each of our students to get into college, but for each student to find the college (or alternative program) that is right for them and will be the most conducive to their success. By providing a program that extends further than a traditional school day/week (9:00am - 5:00pm Monday through Friday and 9:00am 12:00pm on Saturdays), we are able to integrate our college advising program into the academic day. Even with the great strides that our students make, their options for college and for financial aid are more limited than if they had been able to start high school on equal footing. Our expansion to a K1-12 school will allow us to change this. Adding grades K1-8 will be a major step for the sustainability of our school. We will be able to provide academic support for our students from an early age and offer parents and students the continuity of the same school from elementary through high school. We will also have the opportunity to greatly increase the amount of time that we are able to spend with our students to prepare them for college, encourage their social-emotional development, and teach them how to make healthy choices. We believe fewer school transitions will increase academic achievement, improve dropout rates, decrease behavior referrals, and improve rates of attendance. 15

Capabilities We firmly believe in the importance of cultivating appropriate socio-emotional development of our students. As the first school within a health center in the country, Codman is uniquely positioned to espouse a whole student approach. 100% of our students receive mental health counseling from our social worker, who conducts intake interviews with each new student and family. Our Social Worker leads our multi-tiered Student Support Services program, which includes individual counseling, crisis intervention, parent outreach, 9 th grade group counseling, conflict mediation, and weekly Student Support Team meetings. Furthermore, our physical health program focuses on educating our students about making healthy choices. This includes free YMCA memberships, athletic teams, and a nutrition course and competency exam. Codman Academy has 75 full-time equivalent staff members (an increase from previous years due to our new Lower/Middle School staff), 3 part-time staff members, 3 consultants, and 14-17 adjunct faculty and coaches for our Saturday Enrichment Program and athletic programs. Codman Academy Foundation Board has 18 members, and the Codman Academy Board of Trustees has 15 members. Staff and board biographies can be accessed through our website. Indicators We have a number of qualitative and quantitative measures by which we judge our program s success: Quantitatively, we assess: MCAS Scores: Our tutoring program s effectiveness is evaluated largely on our students MCAS scores each year. Codman is currently ranked 7 th in the state for overall student growth on the MCAS, and we intend to continue our students improvements on and comfort with the test. SAT Scores: Our goal is for our students to gain an average of 50 points through our SAT prep course. College Acceptance Rate: Codman s ultimate goal is to help students apply to, be accepted to, and succeed in college. Our Dean of College and Career Advising and our Dean of Alumni carefully track alumni who are in and out of college, as well as maintaining close relationships with Codman students in all grades. Every year since our founding, 100% of Codman seniors have been accepted to college. 89% of our four most recent alumni classes are enrolled in or have graduated from college as of September 2016. Qualitatively, we rely on: Student and teacher feedback: Students and faculty are asked to continually reflect on their practices and provide feedback for how our programs might be improved. Students often fill out surveys about programs, but informal feedback is also welcomed. Standards-Based Grading: Rather than the traditional grading system, Codman uses standards-based grading, which has the benefit of allowing for an increased emphasis on evaluating students understanding of important academic concepts in order to appropriately prepare them for college. Students earn Advanced, Proficient, Beginning, or Needs Improvement on various learning targets, helping teachers to see where the gaps in knowledge exist and preparing students for the rigor of college courses. 16

Progress We have demonstrated significant progress in goal #1 based on our students MCAS scores and #2-3 based on our 100% college acceptance rate, as well as our alumni s success 89% of our four most recent graduating classes are currently enrolled in/have graduated from college. As we complete our expansion to a K1-12 school, our priority going forward is the development and implementation of a cohesive, rigorous, and engaging K1-12 curriculum. We continually seek to modify the best practices and experiences of our established and successful high school for our K1-8 students in an age-appropriate way. 17

Financials Fiscal Year Fiscal Year Start July 01, 2016 Fiscal Year End June 30, 2017 Projected Revenue $6,361,203.00 Projected Expenses $6,353,566.00 Endowment? No Spending Policy Income Only Credit Line? No Reserve Fund? Months Reserve Fund Covers 0 Detailed Financials Revenue and Expenses Fiscal Year 2014 2013 2012 Total Revenue $7,211,887 $3,889,695 $4,236,640 Total Expenses $5,158,470 $3,515,444 $4,265,245 Revenue Sources Fiscal Year 2014 2013 2012 Foundation and Corporation $224,776 $360,692 $32,000 Contributions Government Contributions $185,265 $148,023 $179,514 Federal -- -- -- State -- -- -- Local -- -- -- Unspecified $185,265 $148,023 $179,514 Individual Contributions $875,192 $843,805 $1,657,294 Indirect Public Support -- -- -- Earned Revenue $3,401,912 $2,246,250 $2,078,370 Investment Income, Net of Losses $6,848 $2,772 $5,645 Membership Dues -- -- -- Special Events -- -- -- Revenue In-Kind $792,894 $262,858 $945,407 Other $1,725,000 $25,295 ($661,590) 18

Expense Allocation Fiscal Year 2014 2013 2012 Program Expense $2,450,187 $1,939,883 $2,697,645 Administration Expense $2,653,897 $1,526,573 $1,528,331 Fundraising Expense $54,386 $48,988 $39,269 Payments to Affiliates -- -- -- Total Revenue/Total Expenses 1.40 1.11 0.99 Program Expense/Total Expenses 47% 55% 63% Fundraising Expense/Contributed Revenue 4% 4% 2% Assets and Liabilities Fiscal Year 2014 2013 2012 Total Assets $10,204,447 $5,704,376 $5,476,606 Current Assets $3,677,243 $2,064,261 $1,617,059 Long-Term Liabilities $2,150,000 $0 $200,000 Current Liabilities $523,486 $226,832 $173,313 Total Net Assets $7,530,961 $5,477,544 $5,103,293 Short Term Solvency Fiscal Year 2014 2013 2012 Current Ratio: Current Assets/Current Liabilities 7.02 9.10 9.33 Long Term Solvency Fiscal Year 2014 2013 2012 Long-Term Liabilities/Total Assets 21% 0% 4% Top Funding Sources Fiscal Year 2014 2013 2012 Top Funding Source & Dollar Amount -- -- -- Second Highest Funding Source & Dollar -- -- -- Amount Third Highest Funding Source & Dollar Amount -- -- -- Capital Campaign Currently in a Capital Campaign? Campaign Purpose To raise money toward the construction of a new building, the Lithgow Building, which will house our new Lower and Middle Schools. Goal $12000000.00 Dates Sept 2014 to Aug 2019 Amount Raised To Date $7500000.00 as of June 2016 Capital Campaign Anticipated in Next 5 Years? No Comments Foundation Staff Comments Financial summary data in the charts and graphs above is per the organization's audited financials. Please note, the data in the charts and graphs is the data of the Codman Academy Charter Public School and the Codman Academy Foundation (EIN: 04-3559945) combined. 19

For Codman Academy Foundation specific data, please refer to the Form 990s of the Codman Academy Foundation posted above and the component unit data in the fiscal year 2015, 2014 & 2013 audits posted above. Per the audit: "Codman Academy Foundation, Inc. (the Foundation) was formed in October, 2001, for charitable purposes under Section 501(c)(3) of the IRS. The Foundation promotes the financial well-being of the School and is considered a Component Unit of the School." Please note, the amount in the Other revenue category for FY13 includes "non-expendable grants," for FY14 "capital contributions," and for FY15, "capital contributions." The organization provided a breakout of functional expenses for FY 2015, 2014 & 2013 as that detail was not available in the audits. Created 05.12.2018. Copyright 2018 The Boston Foundation 20