Buffalo Prep Inc is located in Buffalo, NY. The organization was established in 1994. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Buffalo Prep Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Prep 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 06/2022, Buffalo Prep Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 10.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WITH A FOCUS ON RACIALLY AND CULTURALLY AFFIRMING PRACTICES, BUFFALO PREP ADVOCATES FOR EDUCATIONAL ACCESS AND EQUITY AND PROVIDES PROGRAMMING TO ACADEMICALLY AMBITIOUS SCHOLARS OF COLOR. WE STRIVE TO NURTURE OUR SCHOLARS' BRILLIANCE WHILE EMPOWERING THEM TO ENGAGE CIVICALLY AS THEIR AUTHENTIC SELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE SCHOOL PREP (MSP) SUPPORTS POST-5TH AND -6TH GRADE MOTIVATED SCHOLARS ACROSS WESTERN NEW YORK WITH ACCELERATED EDUCATIONAL ENRICHMENT. MSP IS AN ENGAGING, FIVE-WEEK SUMMER PROGRAM, DURING THE CRUCIAL MIDDLE SCHOOL YEARS, THAT KEEPS SCHOLARS ENGAGED THROUGH A CULTURALLY RELEVANT, FUN, AND STIMULATING LEARNING ENVIRONMENT. THIS PROGRAM NURTURES A LOVE OF LEARNING, CULTIVATES PEER-TO-PEER CONNECTION, AND PREPARES SCHOLARS FOR SUCCESS IN THEIR EDUCATIONAL ASPIRATIONS. IT TAKES PLACE AT NICHOLS MIDDLE SCHOOL.
PREP SCHOLARS ACADEMYPREP SCHOLARS ACADEMY (PSA) IS A NEIGHBORHOOD-BASED CULTURALLY RELEVANT ACADEMIC PROGRAM DESIGNED TO HELP SCHOLARS EXCEL THROUGHOUT MIDDLE SCHOOL AND PREPARE THEM FOR HIGH SCHOOL. THIS EXCITING, ENGAGING, AND ACTIVE LEARNING PROGRAM STRIVES TO HELP SCHOLARS TRANSITION INTO AND COMPLETE HIGH SCHOOL BY PROVIDING ACADEMIC PREPARATION, AS WELL AS SCHOLAR AND FAMILY SUPPORT. PSA TAKES PLACE IN THE HEART OF THE WEST SIDE AT D'YOUVILLE UNIVERSITY; IT GIVES PREFERENCE TO HISPANIC/LATINO SCHOLARS AND OFFERS BILINGUAL INSTRUCTION.ALUMNI PREP FINAL: ALUMNI PREP SUPPORTS BUFFALO PREP GRADUATES AS THEY NAVIGATE THEIR POST-SECONDARY JOURNEY AND CAREER PLACEMENT. IT PROVIDES ACCESS TO CAREER EXPLORATION AND DEVELOPMENT SERVICES, LEADERSHIP AND ENRICHMENT WORKSHOPS, SCHOLARSHIP ASSISTANCE, SOCIAL-EMOTIONAL SUPPORT, AND NETWORKING AND MENTORING OPPORTUNITIES.
HIGH SCHOOL PREP IS AN INTENSIVE, 14-MONTH PROGRAM THAT PREPARES SCHOLARS FOR ACCEPTANCE TO AND SUCCESS AT TOP INDEPENDENT, CATHOLIC, CHARTER, AND CRITERIA-BASED PUBLIC HIGH SCHOOLS AND HIGHER EDUCATION. THIS NATIONALLY RECOGNIZED, CULTURALLY RELEVANT PROGRAM TAKES PLACE AT THE UNIVERSITY AT BUFFALO SOUTH CAMPUS THE SUMMERS BEFORE AND AFTER 8TH GRADE, AS WELL AS TWO NIGHTS PER WEEK AND ON SATURDAYS DURING THE 8TH GRADE ACADEMIC YEAR.
COLLEGE PREP IS A COMPREHENSIVE PROGRAM DESIGNED TO ASSIST ELIGIBLE 9TH-12TH GRADE SCHOLARS TO THRIVE ACADEMICALLY AND SOCIALLY-EMOTIONALLY AS THEY NAVIGATE HIGH SCHOOL AND PREPARE FOR THEIR POST-SECONDARY JOURNEY. THROUGH THIS CULTURALLY RELEVANT PROGRAM, SCHOLARS HAVE ACCESS TO TUTORIAL SERVICES, ACADEMIC SKILLS COACHING, COLLEGE AND FINANCIAL AID ADVISEMENT, ENRICHMENT ACTIVITIES, AND SOCIO-EMOTIONAL SUPPORT THROUGHOUT HIGH SCHOOL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alexandra Montante Director | Trustee | 0.3 | $0 |
Craig D Hannah Director | Trustee | 0.3 | $0 |
Dina Benderson Director | Trustee | 0.3 | $0 |
Eric Yarwood Director | Trustee | 0.3 | $0 |
Everett Pefley Director | Trustee | 0.3 | $0 |
Francisco Guzman Director | Trustee | 0.3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $291,781 |
Related organizations | $0 |
Government grants | $197,330 |
All other contributions, gifts, grants, and similar amounts not included above | $1,760,148 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,249,259 |
Total Program Service Revenue | $22,386 |
Investment income | $22,707 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$64,710 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,229,642 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $109,042 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $959,686 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $195,515 |
Payroll taxes | $78,644 |
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 | $110,998 |
Advertising and promotion | $0 |
Office expenses | $66,226 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $12,923 |
Travel | $13,666 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25,063 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $221,764 |
Insurance | $0 |
All other expenses | $6,077 |
Total functional expenses | $2,070,118 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,475,672 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $1,697,877 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,356,884 |
Total assets | $5,530,433 |
Accounts payable and accrued expenses | $85,261 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $85,261 |
Net assets without donor restrictions | $5,321,833 |
Net assets with donor restrictions | $123,339 |
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 | $5,530,433 |