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Nonprofiteer
← BRASS FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by BRASS FOUNDATION INCORPORATED.

Totals

Total revenue
$2,529,396
Total expenses
$2,077,705
Contributions and grants received
$440,000
Grants paid
$430,000
Program service revenue
$2,276,053
Investment income
-$186,657
Other revenue
$0
Total assets, end of year
$41,592,830
Total liabilities, end of year
$16,243,813
Net assets or fund balances, end of year
$25,349,017
Program services expenses (Part IX)
$1,852,078
Management and general expenses
$225,627
Fundraising expenses
$0
Program service expenses (Part III)
$1,852,078

Program services were 89.1% 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.

  • 1f · All other contributions, gifts and grants

    $440,000

  • 2a · Program service revenue: INTEREST ON LEASED ASSETS

    total $2,276,053 · related or exempt $2,276,053

  • 3 · Investment income

    total $51,757 · excluded $51,757

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

    other assets $238,414

  • 7c · Gain or loss

    other assets -$238,414

  • 7d · Net gain or loss

    total -$238,414 · excluded -$238,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $425,000 · program services $425,000

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 11b · Fees: legal

    total $13,108 · management and general $13,108

  • 11c · Fees: accounting

    total $18,056 · management and general $18,056

  • 11g · Fees: other

    total $15,000 · management and general $15,000

  • 16 · Occupancy

    total $568,538 · program services $500,313 · management and general $68,225

  • 20 · Interest

    total $1,003,872 · program services $893,446 · management and general $110,426

  • 24a · Other expenses: OTHER EXPENSES

    total $29,131 · program services $28,319 · management and general $812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $438,604 · end of year $400,489

  • 3 · Pledges and grants receivable

    beginning of year $147,318

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

    $686,938

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $627,697 · end of year $686,938

  • 15 · Other assets

    beginning of year $41,184,409 · end of year $40,505,403

  • 17 · Accounts payable and accrued expenses

    beginning of year $559,301 · end of year $45,888

  • 19 · Deferred revenue

    end of year $27,227

  • 25 · Other liabilities

    beginning of year $16,941,401 · end of year $16,170,698

  • 27 · Net assets without donor restrictions

    beginning of year $24,897,326 · end of year $25,349,017

Mission and programs · 2023

Mission

THE BUFFALO ROCHESTER ACADEMY OF SCIENCE SCHOOLS FOUNDATION, INC. (THE FOUNDATION) IS A NOT-FOR-PROFIT FOUNDATION THAT HOLDS PROPERTIES FOR THE BUFFALO AND ROCHESTER ACADEMIES OF SCIENCE CHARTER SCHOOLS (THE SCHOOLS). THE FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT THE OPERATION OF THE SCHOOLS' BY PROVIDING ASSISTANCE WITH THE SCHOOLS' REAL ESTATE AND FACILITIES RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE FOUNDATION TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE SCHOOLS' STUDENTS AND ALUMNI.

  • REGULAR EDUCATION: THE FOUNDATION SUPPORTS SCHOOLS (BUFFALO ACADEMY OF SCIENCE CHARTER SCHOOL AND ROCHESTER ACADEMY OF SCIENCE CHARTER SCHOOL, ALSO KNOWN AS BUFFSCI AND ROCSCI) WITH A CURRICULUM FOCUSED ON SCIENCE TECHNOLOGY, ENGINEERING, AND MATH. THE FOUNDATION MAINTAINS HIGH EXPECTAIONS FOR STUDENTS AND PROVIDES VARIED OPPORTUNITIES FOR STUDENTS TO GAIN SKILLS NECESSARY TO BE COMPETITIVE IN THE 21ST CENTURY MARKETPLACE.

    Expenses $1,097,041 · Grants $273,865 · Revenue $1,898,928

  • SPECIAL EDUCATION: THE FOUNDATION SUPPORTS SCHOOLS (BUFFSCI AND ROCSCI) THAT ARE 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 FOUNDATION 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 BRASS FOUNDATION.

    Expenses $72,729 · Grants $27,555 · Revenue $94,281

  • OTHER EDUCATIONAL SERVICES.

    Expenses $682,308 · Grants $128,580 · Revenue $282,844

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mustafa Gokcek PhD

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Tolga Hayali PhD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Selcuk Sedemirci

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Joseph Polat

    EXECUTIVE DIRECTOR

    Total calculated
    $214,364
    From this org
    $0
    From related orgs
    $179,391
    Other
    $34,973
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,391 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,509 related
    Nontaxable benefits
    $0 + $17,464 related
    Filer's total
    $0 + $214,364 related

  • Justin Braun

    CHIEF ACADEMIC OFFICER

    Total calculated
    $142,000
    From this org
    $0
    From related orgs
    $123,431
    Other
    $18,569
    Hours/week
    0.5 + 40 related

  • Graham Vanderzanden

    CHIEF FINANCIAL OFFICER

    Total calculated
    $146,355
    From this org
    $0
    From related orgs
    $117,430
    Other
    $28,925
    Hours/week
    0.5 + 40 related

  • Murat Kucukdugenci

    CHIEF OPERATIONS OFFICER

    Total calculated
    $155,169
    From this org
    $0
    From related orgs
    $125,461
    Other
    $29,708
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,244 related
    Nontaxable benefits
    $0 + $17,464 related
    Filer's total
    $0 + $155,169 related

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

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
18 March 2025
IRS schema version
2023v6.0
Source object
202500789349300800

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