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Nonprofiteer
← PARK SCHOOL OF BUFFALO

Form 990 for tax year 2022

Filed by PARK SCHOOL OF BUFFALO.

Totals

Total revenue
$8,392,369
Total expenses
$8,084,167
Contributions and grants received
$1,651,661
Grants paid
$1,655,661
Program service revenue
$6,512,462
Investment income
$89,553
Other revenue
$138,693
Total assets, end of year
$12,423,707
Total liabilities, end of year
$6,487,005
Net assets or fund balances, end of year
$5,936,702
Program services expenses (Part IX)
$6,673,337
Management and general expenses
$1,230,225
Fundraising expenses
$180,605
Program service expenses (Part III)
$6,673,337

Program services were 82.5% 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.

  • 1d · Related organizations

    $139,226

  • 1e · Government grants (contributions)

    $428,653

  • 1f · All other contributions, gifts and grants

    $1,083,782

  • 2a · Program service revenue: TUITION AND FEES

    total $5,205,563 · related or exempt $5,205,563

  • 2b · Program service revenue: SUMMER PROGRAMS

    total $1,164,649 · related or exempt $1,164,649

  • 2c · Program service revenue: NYS MANDATED SERVICES

    total $142,250 · related or exempt $142,250

  • 3 · Investment income

    total $89,553 · excluded $89,553

  • 8a · Fundraising events: gross income

    $137,233

  • 8b · Fundraising events: direct expenses

    $64,027

  • 8c · Net income from fundraising events

    total $73,206 · excluded $73,206

  • 11a · Other revenue: MISCELLANEOUS

    total $65,487 · excluded $65,487

  • 11e · Other revenue, total

    $65,487

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,655,661 · program services $1,655,661

  • 5 · Compensation of officers, directors and key employees

    total $252,865 · program services $203,712 · management and general $42,780 · fundraising $6,373

  • 7 · Other salaries and wages

    total $3,458,583 · program services $2,786,297 · management and general $585,123 · fundraising $87,163

  • 8 · Pension plan contributions

    total $101,900 · program services $79,809 · management and general $18,328 · fundraising $3,763

  • 9 · Other employee benefits

    total $192,775 · program services $150,984 · management and general $34,673 · fundraising $7,118

  • 10 · Payroll taxes

    total $291,937 · program services $230,369 · management and general $52,665 · fundraising $8,903

  • 11g · Fees: other

    total $387,421 · program services $249,696 · management and general $131,561 · fundraising $6,164

  • 12 · Advertising and promotion

    total $68,501 · program services $7,260 · management and general $60,727 · fundraising $514

  • 16 · Occupancy

    total $159,648 · program services $132,508 · management and general $19,158 · fundraising $7,982

  • 17 · Travel

    total $8,536 · program services $8,536

  • 20 · Interest

    total $37,185 · management and general $37,185

  • 22 · Depreciation, depletion and amortization

    total $374,440 · program services $310,785 · management and general $44,933 · fundraising $18,722

  • 23 · Insurance

    total $108,625 · program services $90,159 · management and general $13,035 · fundraising $5,431

  • 24a · Other expenses: SUPPLIES

    total $279,704 · program services $260,581 · management and general $7,484 · fundraising $11,639

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $211,671 · program services $180,904 · management and general $30,767

  • 24c · Other expenses: FOOD

    total $124,999 · program services $107,388 · management and general $17,611

  • 24d · Other expenses: OTHER EXPENSES

    total $119,405 · program services $24,074 · management and general $87,911 · fundraising $7,420

  • 24e · All other expenses

    total $250,311 · program services $194,614 · management and general $46,284 · fundraising $9,413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,209,317 · end of year $1,306,618

  • 2 · Savings and temporary cash investments

    beginning of year $225,661 · end of year $1,305,911

  • 3 · Pledges and grants receivable

    end of year $283,314

  • 4 · Accounts receivable

    beginning of year $2,415,138 · end of year $2,820,569

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,969 · end of year $240,586

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

    $14,664,516

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

    $8,197,807

  • 10c · Land, buildings and equipment, net

    beginning of year $6,522,744 · end of year $6,466,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $486,895 · end of year $552,895

  • 19 · Deferred revenue

    beginning of year $4,559,965 · end of year $5,132,252

  • 23 · Secured mortgages and notes payable

    beginning of year $683,062 · end of year $657,105

  • 24 · Unsecured notes and loans payable

    beginning of year $148,407 · end of year $144,753

  • 27 · Net assets without donor restrictions

    beginning of year $5,330,765 · end of year $4,979,053

  • 28 · Net assets with donor restrictions

    beginning of year $297,735 · end of year $957,649

Mission and programs · 2022

Mission

THE SCHOOL ENGAGES THE STUDENT IN A DIVERSE AND CREATIVE COMMUNITY THAT NURTURES THE JOY AND RESPONSIBILITY OF ACTIVE LEARNING IN ALL, FROM OUR YOUNGEST LEARNERS TO OUR GRADUATES, WHO LEAVE WITH THE SKILLS ESSENTIAL TO COLLEGE SUCCESS AND THE CONFIDENCE TO SERVE AND LEAD.

Activities or mission (Part I)

THE PARK SCHOOL OF BUFFALO IS AN INDEPENDENT SCHOOL, TEACHING EARLY EDUCATION THROUGH 12TH GRADE.

  • THE PARK SCHOOL IS AN INDEPENDENT SCHOOL, TEACHING EARLY EDUCATION THROUGH 12TH GRADE DURING THE NORMAL ACADEMIC YEAR. PARK PROVIDES A RIGOROUS ACADEMIC PROGRAM IN AN EDUCATIONAL CLIMATE. ALL PARK GRADUATES ARE ACCEPTED TO COLLEGE. WITH INTENTIONALLY SMALL CLASS SIZES, EACH STUDENT HAS AMPLE OPPORTUNITY TO LEARN THROUGH EXPERIENCE WITH PERSONAL ATTENTION FROM DEDICATED TEACHERS.

    Expenses $5,762,543 · Grants $1,655,661 · Revenue $5,347,813

  • THE PARK SCHOOL OFFERS A 6-WEEK SUMMER PROGRAM MANAGED BY CERTIFIED TEACHERS AND QUALIFIED INSTRUCTORS. ACTIVITIES INCLUDE SWIMMING, ATHLETICS, NATURE STUDIES, MUSIC, CRAFTS, TECHNOLOGY, AND DRAMA. CAMPERS ARE PROVIDED WITH A NUTRITIOUS LUNCH AND SNACKS. THE PROGRAM IS OPEN TO THE GENERAL PUBLIC, EARLY EDUCATION THROUGH GRADE 8.

    Expenses $910,794 · Revenue $1,164,649

As filed on the 2022 return.

Listed in Part VII

  • Jason Bird

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sheryl Davies

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cheri Carter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Christine Witt Berardi

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gil Dickoff

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Archer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Madeline Connors

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Draper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brenda Feldstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Macarena Fritz-Cefaratti

    FACULTY REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    40

  • Guy Gunzberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Beth Jeswald

    FACULTY REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    40

  • Todd Levin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harry Lipsitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joel Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Keith Frome

    PRESIDENT OF SCHOOL

    Total calculated
    $156,646
    From this org
    $149,187
    From related orgs
    $0
    Other
    $7,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,187
    Bonus
    $0
    Other
    $0
    Deferred
    $7,459
    Nontaxable benefits
    $0
    Filer's total
    $156,646

  • Lisa Conrad

    HEAD OF SCHOOL

    Total calculated
    $113,562
    From this org
    $103,678
    From related orgs
    $0
    Other
    $9,884
    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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2022
Filed
27 February 2024
IRS schema version
2022v5.0
Source object
202440589349301304

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