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Nonprofiteer
← BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL

Form 990 for tax year 2023

Filed by BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL.

Totals

Total revenue
$23,160,471
Total expenses
$22,519,423
Contributions and grants received
$2,379,400
Grants paid
$0
Program service revenue
$20,790,648
Investment income
-$85,828
Other revenue
$76,251
Total assets, end of year
$57,071,267
Total liabilities, end of year
$51,692,897
Net assets or fund balances, end of year
$5,378,370
Program services expenses (Part IX)
$19,108,466
Management and general expenses
$3,410,957
Fundraising expenses
$0
Program service expenses (Part III)
$19,108,466

Program services were 84.9% 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.

  • 1e · Government grants (contributions)

    $2,367,502

  • 1f · All other contributions, gifts and grants

    $11,898

  • 2a · Program service revenue: RESIDENT STUDENT ENROLLMENT

    total $19,437,567 · related or exempt $19,437,567

  • 2b · Program service revenue: STUDENTS WITH DISABILITIES

    total $1,353,081 · related or exempt $1,353,081

  • 3 · Investment income

    total $122,874 · excluded $122,874

  • 7b · Less cost or other basis and sales expenses

    other assets $208,702

  • 7c · Gain or loss

    other assets -$208,702

  • 7d · Net gain or loss

    total -$208,702 · excluded -$208,702

  • 8a · Fundraising events: gross income

    $1,967

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $1,967 · excluded $1,967

  • 11a · Other revenue: OTHER INCOME

    total $53,576 · related or exempt $53,576

  • 11b · Other revenue: STUDENT ACTIVITY

    total $20,708 · related or exempt $20,708

  • 11e · Other revenue, total

    $74,284

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $12,081,164 · program services $11,088,873 · management and general $992,291

  • 8 · Pension plan contributions

    total $1,008,906 · program services $915,995 · management and general $92,911

  • 9 · Other employee benefits

    total $1,370,524 · program services $1,248,711 · management and general $121,813

  • 10 · Payroll taxes

    total $1,007,658 · program services $918,096 · management and general $89,562

  • 11b · Fees: legal

    total $28,636 · management and general $28,636

  • 11g · Fees: other

    total $441,544 · program services $134,830 · management and general $306,714

  • 12 · Advertising and promotion

    total $100,433 · management and general $100,433

  • 13 · Office expenses

    total $183,898 · management and general $183,898

  • 14 · Information technology

    total $199,870 · program services $199,870

  • 16 · Occupancy

    total $337,850 · program services $297,308 · management and general $40,542

  • 17 · Travel

    total $75,630 · management and general $75,630

  • 19 · Conferences, conventions and meetings

    total $185,557 · program services $185,557

  • 20 · Interest

    total $1,954,190 · program services $1,719,688 · management and general $234,502

  • 22 · Depreciation, depletion and amortization

    total $1,203,802 · program services $1,059,346 · management and general $144,456

  • 23 · Insurance

    total $260,759 · program services $229,468 · management and general $31,291

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $439,405 · program services $439,405

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $309,955 · management and general $309,955

  • 24c · Other expenses: DEVELOPER FEE

    total $262,500 · management and general $262,500

  • 24d · Other expenses: ENRICHMENT PROGRAM

    total $259,744 · program services $259,744

  • 24e · All other expenses

    total $807,398 · program services $411,575 · management and general $395,823

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,123,834 · end of year $1,015,026

  • 2 · Savings and temporary cash investments

    end of year $5,885,986

  • 3 · Pledges and grants receivable

    beginning of year $1,505,392 · end of year $1,936,873

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,912 · end of year $20,414

  • 10a · Land, buildings and equipment: cost or other basis

    $51,320,458

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,429,471

  • 10c · Land, buildings and equipment, net

    beginning of year $33,418,092 · end of year $46,890,987

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,060,253 · end of year $1,321,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,001,007 · end of year $2,925,431

  • 19 · Deferred revenue

    beginning of year $36,887

  • 21 · Escrow or custodial account liability

    beginning of year $2,547

  • 23 · Secured mortgages and notes payable

    end of year $2,494,298

  • 25 · Other liabilities

    beginning of year $32,347,720 · end of year $46,273,168

  • 27 · Net assets without donor restrictions

    beginning of year $4,661,528 · end of year $5,288,370

  • 28 · Net assets with donor restrictions

    beginning of year $75,794 · end of year $90,000

Mission and programs · 2023

Mission

BUFFALO ACADEMY OF SCIENCE IS A TUITION-FREE, COLLEGE-PREPARATORY CHARTER SCHOOL TEACHING STUDENTS IN A DIVERSE COMMUNITY TO BE SUCCESSFUL IN A GLOBALLY-ORIENTED ENVIRONMENT, USING INNOVATIVE AND DYNAMIC TEACHING METHODS WITH A SMALL STUDENT TO TEACHER RATIO.

Activities or mission (Part I)

BUFFSCI/ROCSCI WILL PROVIDE AN EXCELLENT K-12 ACADEMIC EXPERIENCE THAT ENSURES ALL STUDENTS ARE PREPARED FOR COLLEGE AND CAREERS OF THE HIGHEST POTENTIAL AS ACADEMICALLY, SOCIALLY, EMOTIONALLY AND PHYSICALLY WELL-ROUNDED AND CONTRIBUTING CITIZENS.

  • REGULAR EDUCATION: THE SCHOOL'S CURRICULUM IS FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH. THE SCHOOL MAINTAINS HIGH EXPECTAIONS FOR STUDENTS AND PROVIDES VARIED OPPORTUNITIES FOR STUDENTS TO GAIN SKILLS NECESSARY TO BE COMPETITIVE IN THE 21ST CENTURY MARKETPLACE.

    Expenses $15,447,909 · Revenue $19,437,567

  • SPECIAL EDUCATION: THE SCHOOL IS OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE BASED ON ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE SCHOOL PROVIDES A FREE AND APPROPRIATE EDUCATION IN THE LEAST RESTRICTIVE ENVIRONMENT TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION. SERVICES FOR STUDENTS REQUIRING SUPPLEMENTAL SERVICES ARE PROVIDED BY THE BUFFALO CITY SCHOOL DISTRICT.

    Expenses $867,616 · Revenue $1,353,081

  • OTHER EDUCATIONAL SERVICES.

    Expenses $2,792,941 · Revenue $74,284

As filed on the 2023 return.

Listed in Part VII

  • Ismet Mamnoon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr David Banks

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Mustafa Gokcek

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Wallace

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Betty Jean Grant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Onur Nacakgedigi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Yashodhara Satchidanand

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Joseph B Polat

    EXECUTIVE DIRECTOR

    Total calculated
    $214,362
    From this org
    $179,390
    From related orgs
    $0
    Other
    $34,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,390
    Bonus
    $0
    Other
    $0
    Deferred
    $17,508
    Nontaxable benefits
    $17,464
    Filer's total
    $214,362

  • Graham Vanderzanden

    CHIEF FINANCIAL OFFICER

    Total calculated
    $146,355
    From this org
    $117,430
    From related orgs
    $0
    Other
    $28,925
    Hours/week
    40

  • Murat Kucukdugenci

    CHIEF OPERATIONS OFFICER

    Total calculated
    $155,170
    From this org
    $125,461
    From related orgs
    $0
    Other
    $29,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,461
    Bonus
    $0
    Other
    $0
    Deferred
    $12,245
    Nontaxable benefits
    $17,464
    Filer's total
    $155,170

  • Justin Braun

    CHIEF ACADEMIC OFFICER

    Total calculated
    $142,001
    From this org
    $123,431
    From related orgs
    $0
    Other
    $18,570
    Hours/week
    40

  • Kelly Wilczak

    PRINCIPAL

    Total calculated
    $135,446
    From this org
    $123,402
    From related orgs
    $0
    Other
    $12,044
    Hours/week
    40

  • Ashley Piazza

    PRINCIPAL

    Total calculated
    $124,530
    From this org
    $113,457
    From related orgs
    $0
    Other
    $11,073
    Hours/week
    40

  • Giray Gebes

    PRINCIPAL

    Total calculated
    $143,911
    From this org
    $115,203
    From related orgs
    $0
    Other
    $28,708
    Hours/week
    40

  • Briana Lanoye

    PRINCIPAL

    Total calculated
    $128,168
    From this org
    $104,887
    From related orgs
    $0
    Other
    $23,281
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
27 February 2025
IRS schema version
2023v6.0
Source object
202540639349301564

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