The Bison Childrens Scholarship Fund Inc
- Assets
- $13.7m
- Revenue
- $5.3m
- Investments
- $89.5k
- Employees
- 4
- Location
- Buffalo, NY
- Founding
- 08/1995
- Data as of
- 06/2023
- EIN
- 16-1477288
Organization Overview
The Bison Childrens Scholarship Fund Inc is located in Buffalo, NY. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Bison Childrens Scholarship Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bison Childrens Scholarship Fund 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, Bison Childrens Scholarship Fund Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $5.4m during the year ending 06/2023. While expenses have increased by 10.5% 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
FOUNDED IN 1995, THE BISON CHILDREN'S SCHOLARSHIP FUND IS A PRIVATELY FUNDED ORGANIZATION WHOSE MISSION IS TO BROADEN THE EDUCATIONAL OPPORTUNITIES FOR WESTERN NEW YORK CHILDREN BY HELPING LOW-INCOME FAMILIES AFFORD THE COST OF PRIVATE K-12 SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO GOOD HEALTH AND GREAT LOVE, THE BEST GIFT WE CAN PROVIDE OUR CHILDREN IS A QUALITY EDUCATION. FOR FAMILIES OF MODEST MEANS, ACCESS TO QUALITY EDUCATION IS MADE POSSIBLE BY THE BISON CHILDREN'S SCHOLARSHIP FUND. FOR 28 YEARS, MEMBERS OF OUR COMMUNITY, HAVE HELPED FUND 39,000 SCHOLARSHIPS FOR LOW-INCOME CHILDREN TO ATTEND SCHOOLS OF THEIR CHOICE. BISON IS THE ONLY K-12 SCHOLARSHIP PROGRAM IN WNY, AND THE 5TH LARGEST K-8 PROGRAM NATIONALLY. BISON SUPPORTS 1,920 STUDENTS ATTENDING 80 K-12 SCHOOLS ACROSS WNY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rep Christopher L Jacobs President | OfficerTrustee | 10 | $0 |
Dennis J Szymkowiak Vice President | OfficerTrustee | 1 | $0 |
Andrew L Fors Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Amoia Board Member | Trustee | 1 | $0 |
Thomas R Beecher Jr Board Member | Trustee | 1 | $0 |
Kristin Bauer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $458,706 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,701,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,160,537 |
| Total Program Service Revenue | $0 |
| Investment income | $207,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,947 |
| Net Income from Fundraising Events | -$3,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,289,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,407,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,455 |
| Compensation of current officers, directors, key employees. | $11,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,592 |
| Pension plan accruals and contributions | $9,286 |
| Other employee benefits | $16,042 |
| Payroll taxes | $21,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,380 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,140 |
| Information technology | $473,350 |
| Royalties | $0 |
| Occupancy | $13,021 |
| Travel | $4,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,301 |
| Insurance | $5,850 |
| All other expenses | $0 |
| Total functional expenses | $5,365,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,897 |
| Savings and temporary cash investments | $321,914 |
| Pledges and grants receivable | $3,070,360 |
| 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 | $6,241 |
| Net Land, buildings, and equipment | $9,623 |
| Investments—publicly traded securities | $10,128,320 |
| Investments—other securities | $89,519 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,481 |
| Total assets | $13,746,355 |
| Accounts payable and accrued expenses | $11,262 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $14,481 |
| Total liabilities | $30,743 |
| Net assets without donor restrictions | $7,749,437 |
| Net assets with donor restrictions | $5,966,175 |
| 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 | $13,746,355 |