Charter School For Applied Technologies
- Assets
- $56.8m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 414
- Location
- Buffalo, NY
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 16-1603918
Organization Overview
Charter School For Applied Technologies is located in Buffalo, NY. The organization was established in 2002. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Charter School For Applied Technologies employed 414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter School For Applied Technologies 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, Charter School For Applied Technologies generated $36.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $33.3m during the year ending 06/2021. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WORLD CLASS EDUCATION AND STIMULATE THE DEVELOPMENT OF INNOVATIVE EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR VISION IS TO ASSIST THE COMMERCIAL AND INDUSTRIAL ECONOMY OF WESTERN NEW YORK BY PROVIDING YOUNG PEOPLE WITH A WORLD-CLASS EDUCATION- ONE THAT WILL GIVE THEM THE KNOWLEDGE AND SKILLS NECESSARY TO SUSTAIN AND LEAD THE REGION. WE ENRICH CSAT'S CORE CURRICULUM WITH CO-CURRICULAR AND EXTRA-CURRICULAR OPPORTUNITIES FOR STUDENTS TO BECOME EXPOSED TO AND AWARE OF CAREERS IN THE INDUSTRIAL, MANUFACTURING, AND CONSTRUCTION SECTORS OF OUR REGION. WE PROVIDE INTERNSHIP, MENTORSHIP, AND TRAINING OPPORTUNITIES FOR STUDENTS THAT WILL BE SUPERVISED ON-SITE THROUGH TIES WITH LOCAL BUSINESS, INDUSTRIAL AND LABOR LEADERS. THESE PRACTICAL, HANDS-ON OPPORTUNITIES GIVE STUDENTS A UNIQUE INSIGHT AND AWARENESS OF WHAT OPTIONS THEY HAVE AFTER GRADUATION. CSAT'S CORE INSTRUCTIONAL PROGRAM WILL ALSO PREPARE THEM FOR THE REGENTS' GRADUATION REQUIREMENTS. WE UTILIZE HIGH ACADEMIC STANDARDS, STRICT ACCOUNTABILITY AND PARENT PARTICIPATION TO PREPARE CHILDREN FOR SUCCESS AS ENTREPRENEURS, WORKERS, CITIZENS, PARENTS AND CONSUMERS. CSAT IS DEDICATED TO MEETING THE NEEDS OF ALL THE REGION'S CHILDREN, INCLUDING THOSE FROM FAMILIES THAT ARE CHRONICALLY UNDEREMPLOYED OR UNEMPLOYED. IN DOING SO, WE HOPE TO ACHIEVE CONTINUED ECONOMIC GROWTH AND PROSPERITY FOR THE GREATER BUFFALO NIAGARA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Lyle Superintendent | Officer | 40 | $166,113 |
Tanya Moore Chief Financial Officer | Officer | 40 | $129,506 |
Garrick Loveria Jr Deputy Superintendent | 40 | $127,376 | |
Robert W Shannon Jr Chief Technology Officer | 40 | $126,518 | |
Ann Morgante Principal - High School | 40 | $118,998 | |
Susan D Jurewicz Principal - K-5 | 40 | $118,682 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shoshone Group Llc Property Lease Payments | 6/29/15 | $167,799 |
Rupp Baase Pfalzgraaf Cunningham Cop Legal Services | 6/29/15 | $128,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,794,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $40,343 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,794,832 |
| Total Program Service Revenue | $31,880,127 |
| Investment income | $280,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $972,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,005,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $352,361 |
| Compensation of current officers, directors, key employees. | $352,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,118,159 |
| Pension plan accruals and contributions | $1,720,188 |
| Other employee benefits | $4,237,284 |
| Payroll taxes | $1,218,929 |
| 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 | $1,043,553 |
| Advertising and promotion | $113,917 |
| Office expenses | $108,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,130,351 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,816 |
| Interest | $926,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,424,205 |
| Insurance | $203,408 |
| All other expenses | $383,685 |
| Total functional expenses | $33,291,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,405,635 |
| Savings and temporary cash investments | $9,751,432 |
| Pledges and grants receivable | $1,599,253 |
| Accounts receivable, net | $725,955 |
| 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 | $734,345 |
| Net Land, buildings, and equipment | $19,326,352 |
| Investments—publicly traded securities | $20,047,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,246,349 |
| Total assets | $56,837,193 |
| Accounts payable and accrued expenses | $5,368,808 |
| Grants payable | $0 |
| Deferred revenue | $83,745 |
| Tax-exempt bond liabilities | $19,714,353 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,166,906 |
| Net assets without donor restrictions | $31,670,287 |
| Net assets with donor restrictions | $0 |
| 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 | $56,837,193 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charter School For Applied Technologies has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
Cullen Foundation Buffalo, NY PURPOSE: EARLY COLLEGE AND CAREER PATHWAYS | $39,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |