Health Sciences Charter School
- Assets
- $9.8m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 76
- Location
- Buffalo, NY
- Founding
- 12/2009
- Data as of
- 06/2021
- EIN
- 27-0770418
Organization Overview
Health Sciences Charter School is located in Buffalo, NY. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Health Sciences Charter School employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Sciences 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 06/2021, Health Sciences Charter School generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $5.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE RECOGNIZED AS A PREMIER COLLEGE AND CAREER-READINESS MODEL IN NYS AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STUDENTS WITH THE EDUCATION AND LIFE SKILLS THAT ENABLE THEM TO PURSUE AND EXCEL IN HIGHER EDUCATION AND/OR A CAREER IN THE HEALTH SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Venning Head Of School | Officer | 40 | $109,324 |
Richard P Hershberger Phdmba President | OfficerTrustee | 2 | $0 |
Mary Farallo Vice President | OfficerTrustee | 2 | $0 |
Clement Kwakye PHD MBA Secretary | OfficerTrustee | 2 | $0 |
Joseph F Winter CPA Cfe Citp MBA Treasurer | OfficerTrustee | 2 | $0 |
Pratibha Bansal MD Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,297,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,329,125 |
| Total Program Service Revenue | $5,104,057 |
| Investment income | $0 |
| 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 | $6,465,778 |
| 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. | $128,200 |
| Compensation of current officers, directors, key employees. | $128,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,271,214 |
| Pension plan accruals and contributions | $96,347 |
| Other employee benefits | $327,949 |
| Payroll taxes | $183,627 |
| 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 | $235,304 |
| Advertising and promotion | $0 |
| Office expenses | $43,787 |
| Information technology | $147,079 |
| Royalties | $0 |
| Occupancy | $324,054 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $600,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,929 |
| Insurance | $36,795 |
| All other expenses | $28,072 |
| Total functional expenses | $5,119,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,037,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $293,482 |
| Accounts receivable, net | $579,843 |
| 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 | $97,811 |
| Net Land, buildings, and equipment | $5,780,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,200 |
| Total assets | $9,792,877 |
| Accounts payable and accrued expenses | $427,655 |
| 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 | $7,129,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,557,343 |
| Net assets without donor restrictions | $2,215,534 |
| Net assets with donor restrictions | $20,000 |
| 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 | $9,792,877 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Health Sciences Charter School has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: CENTER FOR HEALTH EQUITY | $20,000 |
Foundation 214 Inc Amherst, NY PURPOSE: CHARITABLE | $10,000 |
Foundation 214 Inc Amherst, NY PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |