Westminster Foundation
- Assets
- $9.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 20-1405438
Organization Overview
Westminster Foundation, operating under the name Buffalo Promise Neighborhood, is located in Buffalo, NY. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Promise Neighborhood 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 Promise Neighborhood generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 3 years. 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
INTEGRATED TEAM OF ENGAGED PROFESSIONALS FOCUSED ON REVITALIZATION THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BPN MANAGES THE WESTMINSTER COMMUNITY CHARTER SCHOOL WITHIN THE BUFFALO PROMISE NEIGHBORHOOD FOCUSING ON IMPROVING ACADEMIC ACHIEVEMENT AND CREATING NEW OPPORTUNITIES FOR STUDENTS. IT ALSO SUPPORTS ANOTHER ELEMENTARY SCHOOL WITHIN THE BUFFALO PROMISE NEIGHBORHOOD, HIGHGATE HEIGHTS, BY PROVIDING ADDITIONAL SCHOOL STAFF SERVICES.
BPN FOCUSES ON COMMUNITY ENGAGEMENT AND REVITALIZATION THROUGH COMMUNITY EDUCATION AND WELLNESS. PRINCIPAL ACTIVITIES INCLUDE HELPING TO STRENGTHEN FAMILIES, STUDENTS AND OUR SCHOOLS. THE TWO GENERATION PROGRAM OFFERS A WHOLE FAMILY APPROACH BY BUILDING ON FAMILY STRENGTHS WHILE SUPPORTING ACADEMIC ACHIEVEMENT, HEALTHY CHILD DEVELOPMENT, AND OVERALL FAMILY WELLNESS. FAMILY WELLNESS WRAP-AROUND SUPPORTS INCLUDE A FAMILY SUPPORT SPECIALIST, FINANCIAL COACHING, AND JOB PLACEMENT SERVICES. THERE ARE COMMUNITY PROGRAMS ALSO SUPPORTED SUCH AS WELLNESS EVENTS AND A NEIGHBORHOOD FARMER'S MARKET.
BPN MANAGES TWO CHILDREN'S ACADEMIES TO HELP PREPARE CHILDREN FOR SUCCESSFUL TRANSITIONS TO KINDERGARTEN, ELEMENTARY SCHOOL, AND BEYOND. THE ACADEMIES, OPERATED BY EDUKIDS, SERVES APPROXIMATELY 230 CHILDREN FROM INFANCY TO AGE 5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Dixon Vice Chair | OfficerTrustee | 1 | $0 |
Amy J Mesi Secretary | OfficerTrustee | 1 | $0 |
Glenn Jackson Treasurer | OfficerTrustee | 1 | $0 |
Rene Jones Emeritus Director | OfficerTrustee | 1 | $0 |
Robert Bennett Director | Trustee | 1 | $0 |
David K Chamberlain Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $43,280 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,955,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,999,020 |
| Total Program Service Revenue | $0 |
| Investment income | $497 |
| 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 | $2,999,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $197,463 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $211 |
| Fees for services: Management | $501,459 |
| Fees for services: Legal | $78,555 |
| 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 | $22,515 |
| Advertising and promotion | $17,980 |
| Office expenses | $1,420 |
| Information technology | $14,761 |
| Royalties | $0 |
| Occupancy | $33,660 |
| Travel | $1,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $991 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,766 |
| Insurance | $32,633 |
| All other expenses | $10,997 |
| Total functional expenses | $2,295,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $910,352 |
| Savings and temporary cash investments | $4,169,764 |
| Pledges and grants receivable | $400,000 |
| Accounts receivable, net | $6,078 |
| 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 | $11,081 |
| Net Land, buildings, and equipment | $4,098,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,595,942 |
| Accounts payable and accrued expenses | $201,275 |
| 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 | $201,275 |
| Net assets without donor restrictions | $6,293,396 |
| Net assets with donor restrictions | $3,101,271 |
| 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 | $9,595,942 |