Totals
- Total revenue
- $23,075,270
- Total expenses
- $22,722,799
- Contributions and grants received
- $3,007,543
- Grants paid
- $4,890,938
- Program service revenue
- $17,587,327
- Investment income
- $2,159,379
- Other revenue
- $321,021
- Total assets, end of year
- $108,711,314
- Total liabilities, end of year
- $7,925,237
- Net assets or fund balances, end of year
- $100,786,077
- Program services expenses (Part IX)
- $18,929,384
- Management and general expenses
- $2,293,320
- Fundraising expenses
- $1,500,095
- Program service expenses (Part III)
- $18,929,384
Program services were 83.3% 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
$33,646
-
1e · Government grants (contributions)
$343,318
-
1f · All other contributions, gifts and grants
$2,630,579
-
1g · Noncash contributions included above
$322,848
-
2a · Program service revenue: TUITION AND FEES
total $16,841,213 · related or exempt $16,841,213
-
2b · Program service revenue: MANDATED SERVICES
total $392,834 · related or exempt $392,834
-
2c · Program service revenue: STUDENT SERVICES
total $263,199 · related or exempt $263,199
-
2d · Program service revenue: SERVICE CHARGES AND FEES
total $90,081 · related or exempt $90,081
-
3 · Investment income
total $1,701,269 · excluded $1,701,269
-
6a · Gross rents
real property $659,306
-
6b · Less rental expenses
real property $537,224
-
6c · Rental income or loss
real property $122,082
-
6d · Net rental income or loss
total $122,082 · related or exempt $122,082
-
7a · Gross sales of assets other than inventory
securities $6,137,738
-
7b · Less cost or other basis and sales expenses
securities $5,679,628
-
7c · Gain or loss
securities $458,110
-
7d · Net gain or loss
total $458,110 · excluded $458,110
-
8a · Fundraising events: gross income
$174,754
-
8a · Fundraising events: contributions included on line 1c
$33,646
-
8b · Fundraising events: direct expenses
$70,620
-
8c · Net income from fundraising events
total $104,134 · excluded $104,134
-
9a · Gaming: gross income
$93,250
-
9b · Gaming: direct expenses
$39,124
-
9c · Net income from gaming
total $54,126 · excluded $54,126
-
10a · Gross sales of inventory
$119,295
-
10b · Cost of goods sold
$115,746
-
10c · Net income from sales of inventory
total $3,549 · related or exempt $3,549
-
11d · All other revenue
total $37,130 · related or exempt $12,946 · unrelated business $24,184
-
11e · Other revenue, total
$37,130
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,890,938 · program services $4,890,938
-
5 · Compensation of officers, directors and key employees
total $731,467 · program services $208,422 · management and general $370,232 · fundraising $152,813
-
7 · Other salaries and wages
total $8,525,141 · program services $7,086,155 · management and general $903,251 · fundraising $535,735
-
8 · Pension plan contributions
total $372,286 · program services $297,829 · management and general $52,120 · fundraising $22,337
-
9 · Other employee benefits
total $955,846 · program services $764,676 · management and general $133,819 · fundraising $57,351
-
10 · Payroll taxes
total $693,066 · program services $554,453 · management and general $97,029 · fundraising $41,584
-
11b · Fees: legal
total $41,389 · management and general $41,389
-
11c · Fees: accounting
total $25,875 · management and general $25,875
-
11f · Fees: investment management
total $227,618 · management and general $227,618
-
11g · Fees: other
total $94,676 · program services $88,868 · management and general $3,872 · fundraising $1,936
-
12 · Advertising and promotion
total $72,527 · management and general $48,593 · fundraising $23,934
-
13 · Office expenses
total $1,340,417 · program services $1,167,747 · management and general $127,862 · fundraising $44,808
-
14 · Information technology
total $413,616 · program services $330,893 · management and general $57,906 · fundraising $24,817
-
16 · Occupancy
total $443,752 · program services $403,814 · management and general $26,625 · fundraising $13,313
-
17 · Travel
total $301,587 · program services $272,738 · management and general $17,268 · fundraising $11,581
-
19 · Conferences, conventions and meetings
total $154,298 · program services $74,296 · management and general $60,882 · fundraising $19,120
-
22 · Depreciation, depletion and amortization
total $1,594,566 · program services $1,451,055 · management and general $95,674 · fundraising $47,837
-
23 · Insurance
total $55,080 · program services $50,123 · management and general $3,305 · fundraising $1,652
-
24a · Other expenses: STUDENT SERVICES
total $1,073,120 · program services $1,073,120
-
24b · Other expenses: PRINTING AND PUBLICATIO
total $456,826 · program services $48,514 · fundraising $408,312
-
24c · Other expenses: STUDENT ATHLETIC ACTIVI
total $165,743 · program services $165,743
-
24d · Other expenses: COMMUNITY ENGAGEMENT
total $92,965 · fundraising $92,965
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $14,326,268 · end of year $13,523,737
-
3 · Pledges and grants receivable
beginning of year $6,015,244 · end of year $5,231,207
-
4 · Accounts receivable
beginning of year $256,331 · end of year $229,368
-
8 · Inventories for sale or use
beginning of year $32,794 · end of year $36,915
-
9 · Prepaid expenses and deferred charges
beginning of year $316,978 · end of year $387,493
-
10a · Land, buildings and equipment: cost or other basis
$51,657,534
-
10b · Land, buildings and equipment: accumulated depreciation
$24,112,980
-
10c · Land, buildings and equipment, net
beginning of year $26,438,521 · end of year $27,544,554
-
11 · Investments: publicly traded securities
beginning of year $41,158,242 · end of year $43,490,325
-
12 · Investments: other securities
beginning of year $9,656,241 · end of year $12,870,989
-
15 · Other assets
beginning of year $5,293,400 · end of year $5,396,726
-
17 · Accounts payable and accrued expenses
beginning of year $2,189,617 · end of year $1,702,732
-
19 · Deferred revenue
beginning of year $6,362,754 · end of year $5,935,147
-
25 · Other liabilities
beginning of year $317,112 · end of year $287,358
-
27 · Net assets without donor restrictions
beginning of year $34,561,678 · end of year $35,847,827
-
28 · Net assets with donor restrictions
beginning of year $60,062,858 · end of year $64,938,250
Mission and programs · 2023
Mission
OUR AIM IS TO TRAIN MINDS, BODIES AND HEARTS FOR THE WORK OF LIFE AND TO CARRY INTO ALL WE DO THE HIGHEST IDEALS OF CHARACTER AND SERVICE.
Activities or mission (Part I)
PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL SERVING GRADES 5-12 WITH A 2023-24 ENROLLMENT OF 582 STUDENTS.
-
EDUCATION/FACULTY - NICHOLS SCHOOL'S EXCELLENCE BEGINS WITH ITS FACULTY. WE SPEND THE MAJORITY OF THE SCHOOL'S RESOURCES TO ENSURE WE RECRUIT, HIRE AND RETAIN THE HIGHEST QUALIFIED FACULTY. WE ALSO BELIEVE IN ON-GOING TRAINING FOR OUR FACULTY BY INVESTING IN A WIDE VARIETY OF CONTINUING EDUCATION PROGRAMS. THIS ENHANCES THEIR TEACHING ABILITIES AND RENEWS THEIR COMMITMENT TO THEIR FIELD. THIS ESTABLISHES THE SCHOOL AS A LEADER IN QUALITY EDUCATION WHICH ATTRACTS THE BEST AND BRIGHTEST STUDENTS NOT ONLY IN THE WNY AREA, BUT FROM AROUND THE WORLD. WE HAVE SEVERAL INTERNATIONAL STUDENTS AND EXCHANGE PROGRAMS.
Expenses $8,703,113 · Revenue $16,841,213
-
FINANCIAL AID - NICHOLS SCHOOL PROVIDES FINANCIAL AID TO 53% OF ITS STUDENTS. THIS ENSURES DIVERSITY WITHIN THE STUDENT BODY AND PROVIDES THE OPPORTUNITY OF A PRIVATE SCHOOL EDUCATION TO THOSE WHO OTHERWISE MAY NOT BE ABLE TO AFFORD IT. THROUGH THE STRATEGIC PLANNING PROCESS AND THE FUNDS AVAILABLE THROUGH OUR ENDOWMENT, WE HAVE BEEN ABLE TO SUSTAIN OUR ENROLLMENT WHILE MAINTAINING OUR GOAL FOR THE PERCENTAGE OF FINANCIAL AID DOLLARS AVAILABLE AND THE PERCENTAGE OF STUDENTS RECEIVING THOSE DOLLARS. THIS PROCESS IS CRITICAL TO MAINTAINING A DIVERSE STUDENT POPULATION INTO THE FUTURE.
Expenses $4,890,938 · Grants $4,890,938
-
FACILITIES - THE CAMPUS CONSISTS OF SIX SEPARATE BUILDINGS LINKED BY TREE LINED SIDEWALKS ON 30 ACRES OF CITY PROPERTY. THIS INCLUDES A PERFORMING ARTS CENTER AND AN ICE RINK. BY PROVIDING WELL MAINTAINED AND VARIED ACADEMIC, ARTS AND ATHLETIC FACILITIES, IT DEMONSTRATES THE SUPPORT AND COMMITMENT TO THE FACULTY, COACHES AND STUDENTS.
Expenses $403,814
-
OTHER PROGRAM SERVICES INCLUDE STUDENT SERVICES, ATHLETICS AND OTHER ACADEMIC EXPENSES AS DETAILED ON FORM 990 PART IX.
Expenses $4,931,519 · Revenue $884,691
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Theodore Bk WalshTHEODORE BK WALSH
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Montgomery PooleyMONTGOMERY POOLEY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Alyson SpauldingALYSON SPAULDING
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Andrew ForsANDREW FORS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Kristan Carlson AndersenKRISTAN CARLSON ANDERSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Melissa BalbachMELISSA BALBACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jonathon BlumhagenJONATHON BLUMHAGEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Maragaret BoscarinoMARAGARET BOSCARINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Thomas ChambersTHOMAS CHAMBERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jodi Priselac De RisznerJODI PRISELAC DE RISZNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gregory DesautelsGREGORY DESAUTELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brigid DohertyBRIGID DOHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sonja Gallen-Kallela-SirenSONJA GALLEN-KALLELA-SIREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Colleen HeidingerCOLLEEN HEIDINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lisa JacksonLISA JACKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
George T LaubGEORGE T LAUB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bridget LettBRIDGET LETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Matthew D MillerMATTHEW D MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Michael F NewmanMICHAEL F NEWMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bonnie PadwaBONNIE PADWA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Scott SochaSCOTT SOCHA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas TzetzoNICHOLAS TZETZO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia VanceCYNTHIA VANCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Christopher D BurnerCHRISTOPHER D BURNER
HEAD OF SCHOOL
- Total calculated
- $461,368
- From this org
- $418,730
- From related orgs
- $0
- Other
- $42,638
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $328,101
- Bonus
- $35,000
- Other
- $55,629
- Deferred
- $17,131
- Nontaxable benefits
- $25,507
- Filer's total
- $461,368
-
Daniel DolanDANIEL DOLAN
CHIEF FINANCIAL OFFICER
- Total calculated
- $233,801
- From this org
- $197,313
- From related orgs
- $0
- Other
- $36,488
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $174,243
- Bonus
- $22,500
- Other
- $570
- Deferred
- $11,251
- Nontaxable benefits
- $25,237
- Filer's total
- $233,801
-
Leslie GarciaLESLIE GARCIA
ASST HEAD OF SCHOOL - ADVANCEMENT
- Total calculated
- $177,095
- From this org
- $157,399
- From related orgs
- $0
- Other
- $19,696
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $136,829
- Bonus
- $20,000
- Other
- $570
- Deferred
- $8,509
- Nontaxable benefits
- $11,187
- Filer's total
- $177,095
-
Peter WickmanPETER WICKMAN
DEAN OF ENROLLMENT
- Total calculated
- $161,461
- From this org
- $147,909
- From related orgs
- $0
- Other
- $13,552
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $142,543
- Bonus
- $5,000
- Other
- $366
- Deferred
- $7,015
- Nontaxable benefits
- $6,537
- Filer's total
- $161,461
-
Aranya MaritimeARANYA MARITIME
DEAN OF ACADEMICS
- Total calculated
- $133,750
- From this org
- $126,222
- From related orgs
- $0
- Other
- $7,528
- Hours/week
- 50
-
Michael SullivanMICHAEL SULLIVAN
DIRECTOR OF TECHNOLOGY
- Total calculated
- $129,985
- From this org
- $123,466
- From related orgs
- $0
- Other
- $6,519
- Hours/week
- 50
-
Robert StewartROBERT STEWART
DIRECTOR OF ATHLETICS
- Total calculated
- $142,364
- From this org
- $114,423
- From related orgs
- $0
- Other
- $27,941
- Hours/week
- 50
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
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- THE HEAD OF SCHOOL IS PROVIDED WITH A HOUSING ALLOWANCE THAT IS INCLUDED AS PART OF HIS COMPENSATION. THIS ALLOWANCE IS PROVIDED AS IT IS EXPECTED THAT HE ENTERTAIN VARIOUS INDIVIDUALS (I.E. BOARD MEMBERS) IN HIS HOME AND BE AVAILABLE FOR DUTY AT ALL TIMES FOR THE CONVENIENCE OF THE SCHOOL AS PART OF HIS DUTIES AS HEAD OF SCHOOL. THE HEAD OF SCHOOL IS ALSO A MEMBER OF A LOCAL SOCIAL CLUB THAT IS USED 100% FOR BUSINESS PURPOSES TO ENTERTAIN CERTAIN INDIVIDUALS INCLUDING BOARD MEMBERS, DONORS, AND POTENTIAL DONORS.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501339349300120
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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