Buffalo Seminary
- Assets
- $20.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 98
- Location
- Buffalo, NY
- Founding
- 08/1935
- Data as of
- 06/2021
- EIN
- 16-0367980
Organization Overview
Buffalo Seminary is located in Buffalo, NY. The organization was established in 1935. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Buffalo Seminary employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Seminary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Buffalo Seminary generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEM IS A COMBINATION OF VIBRANT TEACHING, ACTIVE LEARNING, CREATIVE ENGAGEMENT AND COMMUNITY SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLEGE PREPARATORY ENVIRONMENT IN WHICH YOUNG WOMEN ARE EMPOWERED TO TAKE THEIR PLACE IN THE GLOBAL COMMUNITY BY DEVELOPING THEIR INTELLECTS, WIDENING THEIR PERSPECTIVES, ENCOURAGING ACTIVE COMMUNITY INVOLVEMENT, AND ENSURING THEY ARE WELL GROUNDED IN ALL TRADITIONAL DISCIPLINES.
PROVIDE COLLEGE PREPARATORY ENVIRONMENT IN WHICH YOUNG WOMEN ARE EMPOWERED TO TAKE THEIR PLACE IN THE GLOBAL COMMUNITY BY DEVELOPING THEIR INTELLECTS, WIDENING THEIR PERSPECTIVES, ENCOURAGING ACTIVE COMMUNITY INVOLVEMENT, AND ENSURING THEY ARE WELL GROUNDED IN ALL TRADITIONAL DISCIPLINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Marlette Head Of School | Officer | 40 | $160,760 |
Katharine Bowen Smith Vice Chair | OfficerTrustee | 1 | $0 |
Patrick J Long ESQ Chair | OfficerTrustee | 1 | $0 |
Cindy Levy Secretary | OfficerTrustee | 1 | $0 |
James Kramer Treasurer | OfficerTrustee | 1 | $0 |
Mark Burlow Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $575,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,458,053 |
| Noncash contributions included in lines 1a–1f | $585,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,033,153 |
| Total Program Service Revenue | $4,793,982 |
| Investment income | $19,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,048,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,878,981 |
| Grants and other assistance to Foreign Orgs/Individuals | $351,934 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,853 |
| Compensation of current officers, directors, key employees. | $188,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,294,624 |
| Pension plan accruals and contributions | $78,433 |
| Other employee benefits | $189,090 |
| Payroll taxes | $198,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,913 |
| Advertising and promotion | $188,789 |
| Office expenses | $208,252 |
| Information technology | $165,509 |
| Royalties | $0 |
| Occupancy | $339,643 |
| Travel | $14,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,459 |
| Interest | $34,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462,507 |
| Insurance | $0 |
| All other expenses | $130,070 |
| Total functional expenses | $7,354,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,467 |
| Savings and temporary cash investments | $1,446,559 |
| Pledges and grants receivable | $690,241 |
| Accounts receivable, net | $59,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,975 |
| Net Land, buildings, and equipment | $7,089,956 |
| Investments—publicly traded securities | $336,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,820,265 |
| Total assets | $20,722,980 |
| Accounts payable and accrued expenses | $568,152 |
| Grants payable | $0 |
| Deferred revenue | $641,121 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $466,666 |
| Unsecured mortgages and notes payable | $596,132 |
| Other liabilities | $0 |
| Total liabilities | $2,272,071 |
| Net assets without donor restrictions | $7,153,008 |
| Net assets with donor restrictions | $11,297,901 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,722,980 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Buffalo Seminary has recieved totaling $670,009.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $400,300 |
Education Collaborative Of Wny Inc Buffalo, NY PURPOSE: SCHOLARSHIPS/OTHER | $150,017 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; SCHOLARSHIPS; ANNUAL FUND; IN MEMORY OF | $55,081 |
Nussdorf Family Foundation Inc West Palm Beach, FL PURPOSE: GENERAL PURPOSE | $25,000 |
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $14,400 |
The Cameron And Jane Baird Foundation Buffalo, NY PURPOSE: SUPPORT FOR EDUCATIONAL INSTITUTION | $7,500 |
Endowment Analysis
| Beg. Balance | $9,801,512 |
| Earnings | $2,746,557 |
| Net Contributions | $574,270 |
| Other Expense | $2,048,133 |
| Grants | $142,050 |
| Ending Balance | $10,932,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |