Nichols School Of Buffalo
- Assets
- $103.5m
- Revenue
- $21.0m
- Investments
- $9.7m
- Employees
- 236
- Location
- Buffalo, NY
- Founding
- 08/1950
- Data as of
- 06/2023
- EIN
- 16-0755808
Organization Overview
Nichols School Of Buffalo is located in Buffalo, NY. The organization was established in 1950. 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 06/2023, Nichols School Of Buffalo employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nichols School Of Buffalo 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, Nichols School Of Buffalo generated $21.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $21.5m during the year ending 06/2023. While expenses have increased by 3.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL SERVING GRADES 5-12 WITH A 2022-23 ENROLLMENT OF 579 STUDENTS.
Describe the Organization's Program Activity:
EDUCATION/FACULTY - NICHOLS SCHOOL'S EXCELLENCE BEGINS WITH ITS FACULTY. WE SPEND THE MAJORITY OF THE SCHOOL'S RESOURCES TO ENSURE WE RECRUIT, HIRE AND RETAIN THE HIGHEST QUALIFIED FACULTY. WE ALSO BELIEVE IN ON-GOING TRAINING FOR OUR FACULTY BY INVESTING IN A WIDE VARIETY OF CONTINUING EDUCATION PROGRAMS. THIS ENHANCES THEIR TEACHING ABILITIES AND RENEWS THEIR COMMITMENT TO THEIR FIELD. THIS ESTABLISHES THE SCHOOL AS A LEADER IN QUALITY EDUCATION WHICH ATTRACTS THE BEST AND BRIGHTEST STUDENTS NOT ONLY IN THE WNY AREA, BUT FROM AROUND THE WORLD. WE HAVE SEVERAL INTERNATIONAL STUDENTS AND EXCHANGE PROGRAMS.
OTHER PROGRAM SERVICES INCLUDE STUDENT SERVICES, ATHLETICS AND OTHER ACADEMIC EXPENSES AS DETAILED ON FORM 990 PART IX.
FINANCIAL AID - NICHOLS SCHOOL PROVIDES FINANCIAL AID TO 53% OF ITS STUDENTS. THIS ENSURES DIVERSITY WITHIN THE STUDENT BODY AND PROVIDES THE OPPORTUNITY OF A PRIVATE SCHOOL EDUCATION TO THOSE WHO OTHERWISE MAY NOT BE ABLE TO AFFORD IT. THROUGH THE STRATEGIC PLANNING PROCESS AND THE FUNDS AVAILABLE THROUGH OUR ENDOWMENT, WE HAVE BEEN ABLE TO SUSTAIN OUR ENROLLMENT WHILE MAINTAINING OUR GOAL FOR THE PERCENTAGE OF FINANCIAL AID DOLLARS AVAILABLE AND THE PERCENTAGE OF STUDENTS RECEIVING THOSE DOLLARS. THIS PROCESS IS CRITICAL TO MAINTAINING A DIVERSE STUDENT POPULATION INTO THE FUTURE.
FACILITIES - THE CAMPUS CONSISTS OF SIX SEPARATE BUILDINGS LINKED BY TREE LINED SIDEWALKS ON 30 ACRES OF CITY PROPERTY. THIS INCLUDES A PERFORMING ARTS CENTER AND AN ICE RINK. BY PROVIDING WELL MAINTAINED AND VARIED ACADEMIC, ARTS AND ATHLETIC FACILITIES, IT DEMONSTRATES THE SUPPORT AND COMMITMENT TO THE FACULTY, COACHES AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Roach Chair | OfficerTrustee | 2 | $0 |
Nelson S Walsh Vice-Chair | OfficerTrustee | 2 | $0 |
Theodore Bk Walsh Vice-Chair | OfficerTrustee | 2 | $0 |
John Darby Treasurer | OfficerTrustee | 2 | $0 |
Kristan Carlson Andersen Secretary | OfficerTrustee | 2 | $0 |
Melissa Balbach Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trautman Associates Architectural And Engineering Services | 6/29/23 | $203,433 |
Lippes Mathias Llp Legal Services | 6/29/23 | $130,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,105 |
| Related organizations | $0 |
| Government grants | $955,168 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,528,403 |
| Noncash contributions included in lines 1a–1f | $86,569 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,531,676 |
| Total Program Service Revenue | $16,447,647 |
| Investment income | $1,307,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,991 |
| Net Gain/Loss on Asset Sales | -$1,515,392 |
| Net Income from Fundraising Events | $95,487 |
| Net Income from Gaming Activities | $8,285 |
| Net Income from Sales of Inventory | $9,548 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,989,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,568,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $731,865 |
| Compensation of current officers, directors, key employees. | $370,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,200,894 |
| Pension plan accruals and contributions | $355,392 |
| Other employee benefits | $895,643 |
| Payroll taxes | $673,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,176 |
| Fees for services: Accounting | $25,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $198,331 |
| Fees for services: Other | $85,716 |
| Advertising and promotion | $63,764 |
| Office expenses | $1,146,100 |
| Information technology | $424,173 |
| Royalties | $0 |
| Occupancy | $385,558 |
| Travel | $266,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,960 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,584,330 |
| Insurance | $50,878 |
| All other expenses | $0 |
| Total functional expenses | $21,543,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,326,268 |
| Pledges and grants receivable | $6,015,244 |
| Accounts receivable, net | $256,331 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,794 |
| Prepaid expenses and deferred charges | $316,978 |
| Net Land, buildings, and equipment | $26,438,521 |
| Investments—publicly traded securities | $41,158,242 |
| Investments—other securities | $9,656,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,293,400 |
| Total assets | $103,494,019 |
| Accounts payable and accrued expenses | $2,189,617 |
| Grants payable | $0 |
| Deferred revenue | $6,362,754 |
| 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 | $0 |
| Other liabilities | $317,112 |
| Total liabilities | $8,869,483 |
| Net assets without donor restrictions | $34,561,678 |
| Net assets with donor restrictions | $60,062,858 |
| 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 | $103,494,019 |