Form 990 for tax year 2023
Filed by THE BISON CHILDRENS SCHOLARSHIP FUND INC.
Totals
- Total revenue
- $5,242,087
- Total expenses
- $5,014,568
- Contributions and grants received
- $4,756,738
- Grants paid
- $4,480,518
- Program service revenue
- $0
- Investment income
- $486,227
- Other revenue
- -$878
- Total assets, end of year
- $14,573,678
- Total liabilities, end of year
- $61,086
- Net assets or fund balances, end of year
- $14,512,592
- Program services expenses (Part IX)
- $4,625,323
- Management and general expenses
- $142,789
- Fundraising expenses
- $246,456
- Program service expenses (Part III)
- $4,625,323
Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$455,600
-
1f · All other contributions, gifts and grants
$4,301,138
-
3 · Investment income
total $284,042 · excluded $284,042
-
7a · Gross sales of assets other than inventory
securities $6,372,386 · other assets $3,487
-
7b · Less cost or other basis and sales expenses
securities $6,165,319 · other assets $8,369
-
7c · Gain or loss
securities $207,067 · other assets -$4,882
-
7d · Net gain or loss
total $202,185 · excluded $202,185
-
8a · Fundraising events: gross income
$50,622
-
8a · Fundraising events: contributions included on line 1c
$455,600
-
8b · Fundraising events: direct expenses
$51,500
-
8c · Net income from fundraising events
total -$878 · excluded -$878
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,480,518 · program services $4,480,518
-
5 · Compensation of officers, directors and key employees
total $143,763 · program services $40,859 · management and general $14,143 · fundraising $88,761
-
7 · Other salaries and wages
total $160,687 · program services $45,669 · management and general $15,808 · fundraising $99,210
-
8 · Pension plan contributions
total $10,340 · program services $2,895 · management and general $1,034 · fundraising $6,411
-
9 · Other employee benefits
total $7,258 · program services $1,991 · management and general $742 · fundraising $4,525
-
10 · Payroll taxes
total $23,435 · program services $6,562 · management and general $2,343 · fundraising $14,530
-
11c · Fees: accounting
total $16,795 · management and general $16,795
-
11f · Fees: investment management
total $47,360 · management and general $47,360
-
13 · Office expenses
total $33,015 · program services $2,423 · management and general $20,682 · fundraising $9,910
-
14 · Information technology
total $22,363 · program services $21,417 · fundraising $946
-
16 · Occupancy
total $13,062 · management and general $13,062
-
17 · Travel
total $6,219 · program services $622 · fundraising $5,597
-
22 · Depreciation, depletion and amortization
total $4,970 · management and general $4,970
-
23 · Insurance
total $5,850 · management and general $5,850
-
24a · Other expenses: PARTNER SCHOOL STEWARDS
total $18,000 · program services $18,000
-
24b · Other expenses: DONOR CULTIVATION
total $12,199 · fundraising $12,199
-
24c · Other expenses: MISCELLANEOUS
total $8,734 · program services $4,367 · fundraising $4,367
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $105,897 · end of year $52,508
-
2 · Savings and temporary cash investments
beginning of year $321,914 · end of year $919,159
-
3 · Pledges and grants receivable
beginning of year $3,070,360 · end of year $3,066,501
-
9 · Prepaid expenses and deferred charges
beginning of year $6,241 · end of year $5,012
-
10a · Land, buildings and equipment: cost or other basis
$84,609
-
10b · Land, buildings and equipment: accumulated depreciation
$79,514
-
10c · Land, buildings and equipment, net
beginning of year $9,623 · end of year $5,095
-
11 · Investments: publicly traded securities
beginning of year $10,128,320 · end of year $10,380,996
-
12 · Investments: other securities
beginning of year $89,519 · end of year $97,437
-
15 · Other assets
beginning of year $14,481 · end of year $46,970
-
17 · Accounts payable and accrued expenses
beginning of year $11,262 · end of year $9,116
-
19 · Deferred revenue
beginning of year $5,000 · end of year $5,000
-
25 · Other liabilities
beginning of year $14,481 · end of year $46,970
-
27 · Net assets without donor restrictions
beginning of year $7,749,437 · end of year $8,994,558
-
28 · Net assets with donor restrictions
beginning of year $5,966,175 · end of year $5,518,034
Mission and programs · 2023
Mission
FOUNDED IN 1995, THE BISON CHILDREN'S SCHOLARSHIP FUND IS A PRIVATELY FUNDED ORGANIZATION WHOSE MISSION IS TO BROADEN THE EDUCATIONAL OPPORTUNITIES FOR WESTERN NEW YORK CHILDREN BY HELPING LOW-INCOME FAMILIES AFFORD THE COST OF PRIVATE K-12 SCHOOLS.
-
IN ADDITION TO GOOD HEALTH AND GREAT LOVE, THE BEST GIFT WE CAN PROVIDE OUR CHILDREN IS A QUALITY EDUCATION. FOR FAMILIES OF MODEST MEANS, ACCESS TO QUALITY EDUCATION IS MADE POSSIBLE BY THE BISON CHILDREN'S SCHOLARSHIP FUND. FOR 30 YEARS, MEMBERS OF OUR COMMUNITY HAVE HELPED FUND 41,000 SCHOLARSHIPS FOR LOW-INCOME CHILDREN TO ATTEND SCHOOLS OF THEIR CHOICE. BISON IS THE ONLY K-12 SCHOLARSHIP PROGRAM IN WNY, AND THE 5TH LARGEST K-8 PROGRAM NATIONALLY. BISON SUPPORTS NEARLY 1,900 STUDENTS ATTENDING 77 K-12 SCHOOLS ACROSS WNY.
Expenses $4,625,323 · Grants $4,480,518
As filed on the 2023 return.
Listed in Part VII
-
Rep Christopher L JacobsREP CHRISTOPHER L JACOBS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Dennis J SzymkowiakDENNIS J SZYMKOWIAK
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Andrew L ForsANDREW L FORS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan AmoiaJONATHAN AMOIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas R Beecher JrTHOMAS R BEECHER JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kristin BauerKRISTIN BAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul BauerPAUL BAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tod D MartinTOD D MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael L McCabeMICHAEL L MCCABE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nancy A NaplesNANCY A NAPLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Joseph S RoglianoREV JOSEPH S ROGLIANO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christine StandishCHRISTINE STANDISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Betsy SullivanBETSY SULLIVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kellie M UlrichKELLIE M ULRICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shawn T PearceSHAWN T PEARCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amy E Popadick Through 122023AMY E POPADICK THROUGH 122023
EXECUTIVE DIRECTOR
- Total calculated
- $141,955
- From this org
- $132,207
- From related orgs
- $0
- Other
- $9,748
- Hours/week
- 40
-
Clara S MoranCLARA S MORAN
EXECUTIVE DIRECTOR
- Total calculated
- $4,808
- From this org
- $4,808
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530379349301223
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