King Center Charter School
- Assets
- $7.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 96
- Location
- Buffalo, NY
- Founding
- 12/2000
- Data as of
- 06/2024
- EIN
- 16-1587793
Organization Overview
King Center Charter School is located in Buffalo, NY. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, King Center Charter School employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Center Charter School 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 06/2024, King Center Charter School generated $6.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $6.9m during the year ending 06/2024. While expenses have increased by 5.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE KING CENTER CHARTER SCHOOL PARTNERS WITH PARENTS AND THE COMMUNITY TO EMPHASIZE POST-SECONDARY PREPARATION AND PLANNING FOR ALL OF ITS STUDENTS BEGINNING AT THE EARLIEST AGES. THE SCHOOL SEEKS TO CREATE A CARING, STUDENT-CENTERED CULTURE OF HIGH EXPECTATIONS FOR PERSONAL AND ACADEMIC EXCELLENCE AND ACCOUNTABILITY SUPPORTED BY EVIDENCE-BASED CURRICULUM TAUGHT AND SUPPORTED BY A DEEPLY COMMITTED AND HIGHLY QUALIFIED STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KING CENTER CHARTER SCHOOL ENROLLED 423 STUDENTS IN GRADES K-8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle A Martin Co-President | OfficerTrustee | 1 | $0 |
W Scott Saperston Co-President | OfficerTrustee | 1 | $0 |
Carl B Morgan Treasurer | OfficerTrustee | 1 | $0 |
John Daly Member | Trustee | 1 | $0 |
Michael P Mcmahon Member | Trustee | 1 | $0 |
Maura Comerford Devlin Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $414,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,262 |
| Total Program Service Revenue | $5,605,620 |
| Investment income | $5,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,034,747 |
| 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. | $333,798 |
| Compensation of current officers, directors, key employees. | $78,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,050,825 |
| Pension plan accruals and contributions | $387,094 |
| Other employee benefits | $442,848 |
| Payroll taxes | $366,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,284 |
| Fees for services: Accounting | $58,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,055 |
| Advertising and promotion | $18,771 |
| Office expenses | $10,779 |
| Information technology | $121,702 |
| Royalties | $0 |
| Occupancy | $111,382 |
| Travel | $11,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,164 |
| Insurance | $114,993 |
| All other expenses | $144,099 |
| Total functional expenses | $6,899,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,016 |
| Savings and temporary cash investments | $1,137,354 |
| Pledges and grants receivable | $529,028 |
| Accounts receivable, net | $8,465 |
| 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 | $25,964 |
| Net Land, buildings, and equipment | $4,564,031 |
| Investments—publicly traded securities | $1,390,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,687,215 |
| Accounts payable and accrued expenses | $886,514 |
| 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 | $886,514 |
| Net assets without donor restrictions | $6,760,867 |
| Net assets with donor restrictions | $39,834 |
| 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 | $7,687,215 |