Tapestry Charter School
- Assets
- $42.8m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 290
- Location
- Buffalo, NY
- Founding
- 01/2002
- Data as of
- 06/2023
- EIN
- 16-1604750
Organization Overview
Tapestry Charter School is located in Buffalo, NY. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Tapestry Charter School employed 290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tapestry 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 06/2023, Tapestry Charter School generated $20.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $19.0m during the year ending 06/2023. While expenses have increased by 6.9% 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
OPERATE A K-12 CHARTER SCHOOL TO EDUCATE AND INSPIRE A DIVERSE COMMUNITY OF LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL SERVING A DIVERSE COMMUNITY OF K-12 LEARNERS. THE SCHOOL HAD 1,099 FULL-TIME EQUIVALENT STUDENTS ENROLLED AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred J Wright Chair | OfficerTrustee | 1 | $0 |
Luanne Firestone Vice-Chair | OfficerTrustee | 1 | $0 |
Daniel Pyne Treasurer | OfficerTrustee | 1 | $0 |
Joshua Feinstein Secretary | OfficerTrustee | 1 | $0 |
Shai Arnold Trustee | Trustee | 1 | $0 |
Betsy Behrend Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kirisits & Associates Cpa Pllc Accounting Services | 6/29/23 | $134,860 |
Station 28 Llc It Support Services | 6/29/23 | $128,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,795 |
| Related organizations | $0 |
| Government grants | $3,106,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,995 |
| Noncash contributions included in lines 1a–1f | $15,665 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,422,076 |
| Total Program Service Revenue | $16,487,997 |
| Investment income | $145,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,006 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,234,964 |
| 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. | $180,165 |
| Compensation of current officers, directors, key employees. | $180,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,965,869 |
| Pension plan accruals and contributions | $878,794 |
| Other employee benefits | $779,984 |
| Payroll taxes | $757,102 |
| 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 | $535,305 |
| Advertising and promotion | $0 |
| Office expenses | $172,831 |
| Information technology | $263,775 |
| Royalties | $0 |
| Occupancy | $1,246,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,597,631 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,513,656 |
| Insurance | $176,461 |
| All other expenses | $325,896 |
| Total functional expenses | $19,026,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,784,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,726,717 |
| Accounts receivable, net | $624,468 |
| 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 | $22,261 |
| Net Land, buildings, and equipment | $30,865,525 |
| Investments—publicly traded securities | $4,815,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,838,414 |
| Accounts payable and accrued expenses | $3,163,666 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $31,735,927 |
| 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 | $205,000 |
| Total liabilities | $35,104,593 |
| Net assets without donor restrictions | $7,602,102 |
| Net assets with donor restrictions | $131,719 |
| 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 | $42,838,414 |