Elmwood Franklin School Inc
- Assets
- $12.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 134
- Location
- Buffalo, NY
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 16-0743000
Organization Overview
Elmwood Franklin School Inc is located in Buffalo, NY. The organization was established in 1948. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Elmwood Franklin School Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmwood Franklin School Inc 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 06/2022, Elmwood Franklin School Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE CHILDREN TO LEAD THRIVING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - PRIMARY SCHOOL: OPERATION OF AN INDEPENDENT SCHOOL FOR PRE-PRIMARY THROUGH EIGHTH GRADE.
SUMMER PROGRAM: PROVIDES DAYCARE SERVICES FOR STUDENTS DURING THE SUMMER MONTHS.
EXTENDED DAY PROGRAM: PROVIDES DAYCARE SERVICES FOR STUDENTS WHO REMAIN ON THE PREMISES BEYOND NORMAL CLASSROOM HOURS DUE TO WORKING PARENTS, ETC.
EXTENDED YEAR PROGRAM - PROVIDES DAYCARE SERVICES FOR STUDENTS FROM THE END OF THE NORMAL SCHOOL YEAR UNTIL THE BEGINNING OF THE SUMMER PROGRAM DUE TO WORKING PARENTS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Lotempio Associate Head Of School | 40 | $121,222 | |
Ryan Kimmet Head Of School | Officer | 40 | $107,225 |
Amy Flett Controller | Officer | 40 | $97,725 |
Alon Kupferman Secretary | OfficerTrustee | 4 | $0 |
Amy Habib Rittling President | OfficerTrustee | 4 | $0 |
Darby Fishkin Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,050 |
| Related organizations | $0 |
| Government grants | $89,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,713,647 |
| Noncash contributions included in lines 1a–1f | $124,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,923,324 |
| Total Program Service Revenue | $6,910,731 |
| Investment income | $94,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $73,786 |
| Net Income from Fundraising Events | -$35,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,096,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,508,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $368,775 |
| Compensation of current officers, directors, key employees. | $368,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,307,331 |
| Pension plan accruals and contributions | $182,024 |
| Other employee benefits | $275,356 |
| Payroll taxes | $225,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,066 |
| Fees for services: Accounting | $28,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,358 |
| Fees for services: Other | $27,477 |
| Advertising and promotion | $38,294 |
| Office expenses | $100,845 |
| Information technology | $109,734 |
| Royalties | $0 |
| Occupancy | $97,251 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480,986 |
| Insurance | $61,412 |
| All other expenses | $312,529 |
| Total functional expenses | $7,687,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,367,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,696,873 |
| Accounts receivable, net | $447,453 |
| 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 | $135,571 |
| Net Land, buildings, and equipment | $3,901,547 |
| Investments—publicly traded securities | $4,983,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,532,283 |
| Accounts payable and accrued expenses | $614,622 |
| Grants payable | $0 |
| Deferred revenue | $1,260,420 |
| 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 | $2,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,925,042 |
| Net assets without donor restrictions | $6,022,082 |
| Net assets with donor restrictions | $2,585,159 |
| 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 | $12,532,283 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Elmwood Franklin School Inc has recieved totaling $150,264.
| Awarding Organization | Amount |
|---|---|
Edward H Butler Foundation Buffalo, NY PURPOSE: EDUCATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $37,175 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; ENDOWMENT CAMPAIGN; SCHOLARSHIP FUND; ANNUAL FUND; CLASSROOM IN HONOR OF; IN MEMORY OF | $31,900 |
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $15,500 |
Mulroy Family Foundation Buffalo, NY PURPOSE: GENERAL | $11,000 |
Gleason Family Foundation Pine Grove, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $5,648,773 |
| Earnings | -$575,062 |
| Net Contributions | $152,553 |
| Other Expense | $197,551 |
| Ending Balance | $5,028,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |