Tapestry Charter School
- Assets
- $42.7m
- Revenue
- $19.0m
- Investments
- $4.4m
- Employees
- 282
- Location
- Buffalo, NY
- Founding
- 01/2002
- Data as of
- 06/2022
- EIN
- 16-1604750
Organization Overview
Tapestry Charter School is located in Buffalo, NY. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Tapestry Charter School employed 282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tapestry Charter School 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, Tapestry Charter School generated $19.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $19.0m during the year ending 06/2022. While expenses have increased by 7.9% 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 EDUCATE AND INSPIRE A DIVERSE COMMUNITY OF K-12 LEARNERS BY ENGAGING THEM IN RIGOROUS REAL-WORLD LEARNING EXPERIENCES WHICH PRIORITIZE INTELLECTUAL, SOCIAL AND EMOTIONAL GROWTH. THE SCHOOL PROVIDES AN ENVIRONMENT WHERE STUDENTS ARE ENCOURAGED TO BECOME SELF-DIRECTED, INDEPENDENT LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL SERVING A DIVERSE COMMUNITY OF K-12 LEARNERS. THE SCHOOL HAD 1,077 ENROLLED STUDENTS AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Klapper Executive Director | OfficerTrustee | 40 | $126,469 |
Jennifer Pangborn Chief Academic Officer | 40 | $116,397 | |
Lindsay Lee Principal | 40 | $107,546 | |
Frederick Carstens Hs Principal | 40 | $103,709 | |
Joshua Feinstein Secretary | OfficerTrustee | 2 | $0 |
Daniel Pyne Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kirisits & Associates Cpas Pllc Accounting Services | 6/29/21 | $142,750 |
Station 28 Llc It Support | 6/29/21 | $105,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,166,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $996,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,163,216 |
| Total Program Service Revenue | $16,709,403 |
| Investment income | $14,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,036,142 |
| 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. | $126,469 |
| Compensation of current officers, directors, key employees. | $126,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,343,736 |
| Pension plan accruals and contributions | $807,916 |
| Other employee benefits | $837,421 |
| Payroll taxes | $763,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,906 |
| Fees for services: Accounting | $152,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $272,655 |
| Advertising and promotion | $22,447 |
| Office expenses | $142,178 |
| Information technology | $326,885 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,626,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,382,576 |
| Insurance | $182,787 |
| All other expenses | $451,283 |
| Total functional expenses | $18,966,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,570,051 |
| Savings and temporary cash investments | $384,112 |
| Pledges and grants receivable | $721,179 |
| Accounts receivable, net | $1,541,796 |
| 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 | $58,237 |
| Net Land, buildings, and equipment | $26,317,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,368,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,712,619 |
| Total assets | $42,673,326 |
| Accounts payable and accrued expenses | $3,746,370 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $31,926,591 |
| 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 | $475,000 |
| Total liabilities | $36,147,961 |
| Net assets without donor restrictions | $6,438,317 |
| Net assets with donor restrictions | $87,048 |
| 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 | $42,673,326 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tapestry Charter School has recieved totaling $127,253.
| Awarding Organization | Amount |
|---|---|
Cullen Foundation Buffalo, NY PURPOSE: TAPESTRY 2021-22 LEADERSHIP AND DATA | $41,850 |
Peter & Elizabeth C Tower Foundation Tr Getzville, NY PURPOSE: CHARITABLE | $25,000 |
James H Cummings Foundation Inc Buffalo, NY PURPOSE: COMMUNITY TRACK AND MULTI-SPORT | $25,000 |
Peter & Elizabeth C Tower Foundation Tr Getzville, NY PURPOSE: CHARITABLE | $25,000 |
Red Top Foundation Orchard Park, NY PURPOSE: EDUCATIONAL | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |