Buffalo Prep Inc
- Assets
- $6.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 55
- Location
- Buffalo, NY
- Founding
- 08/1994
- Data as of
- 06/2021
- EIN
- 16-1359846
Organization Overview
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 06/2021, Buffalo Prep Inc employed 55 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 06/2021, Buffalo Prep Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 5.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUFFALO PREP PROVIDES ACCESS AND PREPARATION FOR TALENTED UNDERREPRESENTED YOUTH TO ACHEIVE SUCCESS IN COLLEGE PREPARATORY HIGH SCHOOLS AND HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE SCHOOL PREP IS A PROGRAM IN WHICH DURING THE SUMMERS FOLLOWING FIFTH AND SIXTH GRADES, STUDENTS ATTEND CLASSES, MONDAY THROUGH FRIDAY FOR FIVE WEEKS. STUDENTS RECEIVE RIGOROUS ACCELERATED SUBJECT MATTER THAT IS ALIGNED WITH THE NEW YORK STATE EIGHTH GRADE COMMON CORE STANDARDS IN ENGLISH LANGUAGE ARTS, MATHEMATICS, SCIENCE, AND SOCIAL STUDIES. IN ADDITION, STUDENTS DEVELOP COMPETENCIES IN PROBLEM SOLVING, WRITING, SCIENTIFIC INQUIRY, CRITICAL THINKING, TIME MANAGEMENT, TECHNOLOGY, AND ACADEMIC SKILLS SOME STUDENTS MOVE ON TO THE MIDDLE SCHOOL PREP YEAR ROUND PROGRAM WHICH CONVENES FOR 27 SATURDAYS THROUGHOUT THE SEVENTH GRADE ACADEMIC SCHOOL YEAR.
HIGH SCHOOL PREP IS A PROGRAM THAT PROVIDES ACADEMIC PREPARATION FOR PLACEMENT IN A CONSORTIUM OF PRIVATE COLLEGE-PREPARATORY HIGH SCHOOLS AND A SPECIAL PLACE WHERE STUDENTS RECEIVE TRAINING, GUIDANCE, COLLEGE PLACEMENT AND OTHER ACADEMIC SERVICES.
COLLEGE PREP IS A PROGRAM THAT OFFERS ONE-ON-ONE COLLEGE AND CAREER ADVISEMENT, ASSISTANCE IN TRANSITION FROM HIGH SCHOOL TO COLLEGE, AND PREPARATION FOR COMMUNITY LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Stephen Executive Director | Trustee | 0.3 | $94,953 |
Mary Ann Coulson Director | OfficerTrustee | 0.3 | $0 |
Luis A Rodriguez Jr President | Officer | 0.5 | $0 |
Jodyann Galvin Governance Chair | Officer | 0.3 | $0 |
Jaharr Pridgen Secretary | Officer | 0.3 | $0 |
Betsy Mitchell Treasurer | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $203,819 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,459,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,237 |
| Total Program Service Revenue | $10,015 |
| Investment income | $15,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,503 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,860,239 |
| 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. | $94,953 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $778,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,954 |
| Payroll taxes | $64,424 |
| 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 | $151,032 |
| Advertising and promotion | $400 |
| Office expenses | $54,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,507 |
| Travel | $820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,097 |
| Insurance | $0 |
| All other expenses | $3,668 |
| Total functional expenses | $1,600,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,435,597 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $145,000 |
| 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 | $4,966 |
| Net Land, buildings, and equipment | $1,911,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,469,439 |
| Total assets | $5,966,011 |
| Accounts payable and accrued expenses | $210,007 |
| 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 | $197,330 |
| Total liabilities | $407,337 |
| Net assets without donor restrictions | $5,272,165 |
| Net assets with donor restrictions | $286,509 |
| 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 | $5,966,011 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Buffalo Prep Inc has recieved totaling $1,272,517.
| Awarding Organization | Amount |
|---|---|
John R Oishei Foundation Buffalo, NY PURPOSE: RISING TO DISTINCTION | $300,000 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; SCHOLARSHIP AWARDS; GENERAL OPERATIONS; ANNUAL GIFT; COLLEGE PREP, RISING TO DISTINCTION, AND STUDENT SUCCESS CENTER PROGRAMS; MIDDLE SCHOOL PREP PROGRAM | $176,246 |
John R Oishei Foundation Buffalo, NY PURPOSE: RISING TO DISTINCTION | $150,000 |
Rich Family Foundation Buffalo, NY PURPOSE: GENERAL DONATION | $150,000 |
Cullen Foundation Buffalo, NY PURPOSE: PREP SCHOLARS ACADEMY | $75,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $66,820 |
Endowment Analysis
| Beg. Balance | $1,315,519 |
| Ending Balance | $2,424,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |