Universal School
- Assets
- $530.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Buffalo, NY
- Founding
- 12/2003
- Data as of
- 06/2021
- EIN
- 01-0709661
Organization Overview
Universal School is located in Buffalo, NY. The organization was established in 2003. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Universal School employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Universal School generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $975.7k during the year ending 06/2021. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCHOOL EDUCATION OF CHILDREN IN GRADES FROM PRE-KINDERGARTEN THROUGH ELEVENTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL EDUCATION OF CHILDREN IN GRADES FROM KINDERGARTEN THROUGH ELEVENTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fahim Mojawalla Interim Vice President | OfficerTrustee | 5 | $0 |
Kathy Jamil Interim President | OfficerTrustee | 5 | $0 |
Ali Mohamed Interim Treasurer | OfficerTrustee | 5 | $0 |
Anjum Rahman Secretary | OfficerTrustee | 5 | $0 |
Mohamed Sharif Director | Trustee | 1 | $0 |
Rakia Akter Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,926 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,070,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,614 |
| Payroll taxes | $55,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,444 |
| Advertising and promotion | $1,591 |
| Office expenses | $11,240 |
| Information technology | $3,585 |
| Royalties | $0 |
| Occupancy | $61,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,856 |
| Insurance | $10,875 |
| All other expenses | $0 |
| Total functional expenses | $975,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,083 |
| Total assets | $530,435 |
| Accounts payable and accrued expenses | $98,834 |
| Grants payable | $0 |
| Deferred revenue | $48,797 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $147,569 |
| Other liabilities | $0 |
| Total liabilities | $295,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $235,235 |
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