Nichols School Of Buffalo

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 06/2021, Nichols School Of Buffalo employed 210 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 06/2021, Nichols School Of Buffalo generated $42.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $18.8m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL SERVING GRADES 5-12 WITH A 2020-21 ENROLLMENT OF 527 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.


FINANCIAL AID - NICHOLS SCHOOL PROVIDES FINANCIAL AID TO 46% 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.


OTHER PROGRAM SERVICES INCLUDE STUDENT SERVICES, ATHLETICS AND OTHER ACADEMIC EXPENSES AS DETAILED ON FORM 990 PART IX.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sage Dining Services Inc
Food Services
$577,357
Tiedemann Advisors
Investment Advisor
$175,498
Rp Oak Hill Building Company
Building Contractor
$251,875
Grand Tours
Transportation Services
$122,491
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,300
Related organizations$0
Government grants $1,946,610
All other contributions, gifts, grants, and similar amounts not included above$20,206,432
Noncash contributions included in lines 1a–1f $12,435,575
Total Revenue from Contributions, Gifts, Grants & Similar$22,159,342
Total Program Service Revenue$15,054,110
Investment income $367,158
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$7,463
Net Gain/Loss on Asset Sales $4,267,501
Net Income from Fundraising Events $299,710
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,005
Miscellaneous Revenue$0
Total Revenue $42,213,694

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Nichols School Of Buffalo has recieved totaling $454,969.

Awarding OrganizationAmount
Education Collaborative Of Wny Inc

Buffalo, NY

PURPOSE: SCHOLARSHIPS/OTHER

$139,932
American Gift Fund

Wilmington, DE

PURPOSE: OPERATIONS

$110,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$95,300
Community Foundation For Greater Buffalo Inc

Buffalo, NY

PURPOSE: UNRESTRICTED USE; ANNUAL FUND; CAPITAL CAMPAIGN; KEITH CELNIKER MEMORIAL SCHOLARSHIP FUND; HEADMASTERS SOCIETY STUDENT SCHOLARSHIP; CHARLIE HAMLIN SCHOLARSHIP FUND; GEORGE J. KLOEPFER II NICHOLS MIDDLE SCHOOL ENRICHMENT FUND; IN MEMORY OF; IN HONOR OF

$46,820
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$30,000
Baird Foundation

Buffalo, NY

PURPOSE: UNRESTRICTED

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$31,791,638
Earnings$7,729,393
Admin Expense$233,379
Net Contributions$1,266,189
Other Expense$546,435
Grants$702,585
Ending Balance$39,304,821

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