Buffalo Prep Inc

Organization Overview

Buffalo Prep Inc is located in Buffalo, NY. The organization was established in 1994. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Buffalo Prep Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Prep 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 06/2021, Buffalo Prep Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 5.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BUFFALO PREP PROVIDES ACCESS AND PREPARATION FOR TALENTED UNDERREPRESENTED YOUTH TO ACHEIVE SUCCESS IN COLLEGE PREPARATORY HIGH SCHOOLS AND HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MIDDLE SCHOOL PREP IS A PROGRAM IN WHICH DURING THE SUMMERS FOLLOWING FIFTH AND SIXTH GRADES, STUDENTS ATTEND CLASSES, MONDAY THROUGH FRIDAY FOR FIVE WEEKS. STUDENTS RECEIVE RIGOROUS ACCELERATED SUBJECT MATTER THAT IS ALIGNED WITH THE NEW YORK STATE EIGHTH GRADE COMMON CORE STANDARDS IN ENGLISH LANGUAGE ARTS, MATHEMATICS, SCIENCE, AND SOCIAL STUDIES. IN ADDITION, STUDENTS DEVELOP COMPETENCIES IN PROBLEM SOLVING, WRITING, SCIENTIFIC INQUIRY, CRITICAL THINKING, TIME MANAGEMENT, TECHNOLOGY, AND ACADEMIC SKILLS SOME STUDENTS MOVE ON TO THE MIDDLE SCHOOL PREP YEAR ROUND PROGRAM WHICH CONVENES FOR 27 SATURDAYS THROUGHOUT THE SEVENTH GRADE ACADEMIC SCHOOL YEAR.


HIGH SCHOOL PREP IS A PROGRAM THAT PROVIDES ACADEMIC PREPARATION FOR PLACEMENT IN A CONSORTIUM OF PRIVATE COLLEGE-PREPARATORY HIGH SCHOOLS AND A SPECIAL PLACE WHERE STUDENTS RECEIVE TRAINING, GUIDANCE, COLLEGE PLACEMENT AND OTHER ACADEMIC SERVICES.


COLLEGE PREP IS A PROGRAM THAT OFFERS ONE-ON-ONE COLLEGE AND CAREER ADVISEMENT, ASSISTANCE IN TRANSITION FROM HIGH SCHOOL TO COLLEGE, AND PREPARATION FOR COMMUNITY LEADERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Patti Stephen
Executive Director
$94,953
Mary Ann Coulson
Director
$0
Luis A Rodriguez Jr
President
$0
Jodyann Galvin
Governance Chair
$0
Jaharr Pridgen
Secretary
$0
Betsy Mitchell
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$203,819
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,459,418
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,663,237
Total Program Service Revenue$10,015
Investment income $15,198
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$20,503
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,860,239

Grants Recieved

Over the last fiscal year, we have identified 28 grants that Buffalo Prep Inc has recieved totaling $1,272,517.

Awarding OrganizationAmount
John R Oishei Foundation

Buffalo, NY

PURPOSE: RISING TO DISTINCTION

$300,000
Community Foundation For Greater Buffalo Inc

Buffalo, NY

PURPOSE: UNRESTRICTED USE; SCHOLARSHIP AWARDS; GENERAL OPERATIONS; ANNUAL GIFT; COLLEGE PREP, RISING TO DISTINCTION, AND STUDENT SUCCESS CENTER PROGRAMS; MIDDLE SCHOOL PREP PROGRAM

$176,246
John R Oishei Foundation

Buffalo, NY

PURPOSE: RISING TO DISTINCTION

$150,000
Rich Family Foundation

Buffalo, NY

PURPOSE: GENERAL DONATION

$150,000
Cullen Foundation

Buffalo, NY

PURPOSE: PREP SCHOLARS ACADEMY

$75,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$66,820
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,315,519
Ending Balance$2,424,439

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