Buffalo Commons Charter School
- Assets
- $219.3k
- Revenue
- $382.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Buffalo, NY
- Founding
- Data as of
- 06/2022
- EIN
- 85-4160029
Organization Overview
Buffalo Commons Charter School is located in Buffalo, NY. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Buffalo Commons Charter School employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Commons 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 06/2022, Buffalo Commons Charter School generated $382.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $379.4k during the year ending 06/2022. While expenses have increased by 37.6% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND OPERATE A CHARTER SCHOOL TO PREPARE OUR DIVERSE COMMUNITY OF STUDENTS TO SUCCEED ACADEMICALLY AND PROFESSIONALLY REGARDLESS OF BACKGROUND AND CIRCUMSTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUFFALO COMMONS CHARTER SCHOOL WAS ESTABLISHED IN 2021 AND WILL WELCOME THEIR FIRST STUDENTS (GRADES K-1) IN FISCAL 2023. THE CHARTER SCHOOL IS AN ACADEMICALLY RIGOROUS, CREATIVE, AND COLLABORATIVE K-8 LEARNING COMMUNITY THAT USES RESEARCH-BASED TEACHING PRACTICES AND INNOVATIVE PROGRAMMING TO ELIMINATE THE OPPORTUNITY GAP AND TO PREPARE A DIVERSE STUDENT BODY FOR SUCCESSFUL LIVES THAT STRENGTHEN THEIR COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ari Goldberg Chair | OfficerTrustee | 1 | $0 |
Michael Stevens Vice Chair | OfficerTrustee | 1 | $0 |
Trey Thompson Treasurer | OfficerTrustee | 1 | $0 |
Krystle Hinton Secretary | OfficerTrustee | 1 | $0 |
Danielle Bruno Trustee | Trustee | 1 | $0 |
Cherish Davis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $337,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,668 |
| Total Program Service Revenue | $0 |
| 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 | $382,668 |
| 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. | $108,083 |
| Compensation of current officers, directors, key employees. | $108,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,566 |
| Pension plan accruals and contributions | $2,249 |
| Other employee benefits | $12,186 |
| Payroll taxes | $0 |
| 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 | $23,933 |
| Advertising and promotion | $51,555 |
| Office expenses | $15,799 |
| Information technology | $14,363 |
| Royalties | $0 |
| Occupancy | $36,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,075 |
| Interest | $8,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,810 |
| Insurance | $7,553 |
| All other expenses | $24,000 |
| Total functional expenses | $379,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $13,908 |
| Net Land, buildings, and equipment | $46,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $219,327 |
| Accounts payable and accrued expenses | $57,361 |
| Grants payable | $0 |
| Deferred revenue | $164,123 |
| 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 | $221,484 |
| Net assets without donor restrictions | -$2,157 |
| Net assets with donor restrictions | $0 |
| 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 | $219,327 |