Elmwood Franklin School Inc
- Assets
- $16.9m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 137
- Location
- Buffalo, NY
- Founding
- 12/1948
- Data as of
- 06/2023
- EIN
- 16-0743000
Organization Overview
Elmwood Franklin School Inc is located in Buffalo, NY. The organization was established in 1948. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Elmwood Franklin School Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmwood Franklin School Inc 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 06/2023, Elmwood Franklin School Inc generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $8.3m during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE CHILDREN TO LEAD THRIVING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - PRIMARY SCHOOL: OPERATION OF AN INDEPENDENT SCHOOL FOR PRE-PRIMARY THROUGH EIGHTH GRADE.
EXTENDED YEAR PROGRAM - PROVIDES DAYCARE SERVICES FOR STUDENTS FROM THE END OF THE NORMAL SCHOOL YEAR UNTIL THE BEGINNING OF THE SUMMER PROGRAM DUE TO WORKING PARENTS, ETC.
SUMMER PROGRAM: PROVIDES DAYCARE SERVICES FOR STUDENTS DURING THE SUMMER MONTHS.
EXTENDED DAY PROGRAM: PROVIDES DAYCARE SERVICES FOR STUDENTS WHO REMAIN ON THE PREMISES BEYOND NORMAL CLASSROOM HOURS DUE TO WORKING PARENTS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Joseph Pendleton Trustee | Trustee | 4 | $0 |
Alon Kupferman Secretary | OfficerTrustee | 4 | $0 |
Amy Habib Rittling President | OfficerTrustee | 4 | $0 |
Brian Lipke Vice President | OfficerTrustee | 4 | $0 |
Cara Reich Trustee | Trustee | 4 | $0 |
Daniel Weinrieb Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $146,218 |
| Related organizations | $0 |
| Government grants | $79,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,655,439 |
| Noncash contributions included in lines 1a–1f | $130,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,881,157 |
| Total Program Service Revenue | $7,516,764 |
| Investment income | $154,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,036 |
| Net Gain/Loss on Asset Sales | $53,900 |
| Net Income from Fundraising Events | -$30,903 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,771,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,345,102 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,088 |
| Compensation of current officers, directors, key employees. | $345,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,678,341 |
| Pension plan accruals and contributions | $197,118 |
| Other employee benefits | $311,832 |
| Payroll taxes | $260,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $799 |
| Fees for services: Accounting | $29,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,811 |
| Fees for services: Other | $29,721 |
| Advertising and promotion | $43,207 |
| Office expenses | $122,299 |
| Information technology | $106,209 |
| Royalties | $0 |
| Occupancy | $116,548 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,683 |
| Insurance | $65,852 |
| All other expenses | $403,058 |
| Total functional expenses | $8,273,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,487,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,002,891 |
| Accounts receivable, net | $2,756 |
| 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 | $190,309 |
| Net Land, buildings, and equipment | $3,740,140 |
| Investments—publicly traded securities | $6,427,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,850,957 |
| Accounts payable and accrued expenses | $639,440 |
| Grants payable | $0 |
| Deferred revenue | $1,376,718 |
| 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 | $474,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,490,158 |
| Net assets without donor restrictions | $8,449,810 |
| Net assets with donor restrictions | $5,910,989 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,850,957 |