Westminster Foundation
- Assets
- $9.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 11/2005
- Data as of
- 06/2021
- EIN
- 20-1405438
Organization Overview
Westminster Foundation, operating under the name Buffalo Promise Neighborhood, is located in Buffalo, NY. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Promise Neighborhood 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 Promise Neighborhood generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. 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
THE BUFFALO PROMISE NEIGHBORHOOD (BPN) IS A UNIQUE COLLABORATION WORKING TO TRANSFORM A COMMUNITY THROUGH STRATEGIES ON ACADEMIC ACHIEVEMENT AND NEIGHBORHOOD REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BPN MANAGES THE WESTMINSTER COMMUNITY CHARTER SCHOOL WITHIN THE BUFFALO PROMISE NEIGHBORHOOD FOCUSING ON IMPROVING ACADEMIC ACHIEVEMENT AND CREATING NEW OPPORTUNITIES FOR STUDENTS. IT ALSO SUPPORTS ANOTHER ELEMENTARY SCHOOL WITHIN THE BUFFALO PROMISE NEIHGBORHOOD, HIGHGATE HEIGHTS, BY PROVIDING ADDITIONAL SCHOOL STAFF SERVICES.
THE BUFFALO PROMISE NEIGHBORHOOD ORGANIZATION FOCUSES ON COMMUNITY ENGAGEMENT AND REVITALIZATION THROUGH COMMUNITY EDUCATION AND WELLNESS. PRINCIPAL ACTIVITIES INCLUDE HELPING TO STRENGTHEN FAMILIES, STUDENTS AND OUR SCHOOLS. THE TWO GENERATION PROGRAM OFFERS A WHOLE FAMILY APPROACH BY BUILDING ON FAMILY STRENGTHS WHILE SUPPORTING ACADEMIC ACHIEVEMENT, HEALTHY CHILD DEVELOPMENT, AND OVERALL FAMILY WELLNESS. FAMILY WELLNESS WRAP-AROUND SUPPORTS INCLUDE A FAMILY SUPPORT SPECIALIST, FINANCIAL COACHING, AND JOB PLACEMENT SERVICES. THERE ARE COMMUNITY PROGRAMS ALSO SUPPORTED SUCH AS WELLNESS EVENTS AND A NEIGHBORHOOD FARMER'S MARKET.
THE BUFFALO PROMISE NEIGHBORHOOD MANAGES TWO CHILDRENS ACADEMIES TO HELP PREPARE CHILDREN FOR SUCCESSFUL TRANSITIONS TO KINDERGARTEN, ELEMENTARY SCHOOL, AND BEYOND. THE ACADEMIES, OPERATED BY EDUKIDS, SERVES APPROPXIMATELY 230 CHILDREN FROM INFANCY TO AGE 5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Dixon Vice Chair | Trustee | 1 | $0 |
Richard Gold Director | Trustee | 1 | $0 |
Robert Gioia Director | Trustee | 1 | $0 |
Rene Jones Emeritus Director | Trustee | 2 | $0 |
Robert Bennett Director | Trustee | 1 | $0 |
Elizabeth Czarnecki Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $83,700 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,418,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,502,683 |
| Total Program Service Revenue | $0 |
| Investment income | $1,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,504,589 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,085 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,861 |
| Fees for services: Management | $593,863 |
| Fees for services: Legal | $5,237 |
| Fees for services: Accounting | $15,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,460 |
| Office expenses | $1,547 |
| Information technology | $5,414 |
| 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 | $180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,659 |
| Insurance | $32,766 |
| All other expenses | $140,860 |
| Total functional expenses | $3,073,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,633 |
| Savings and temporary cash investments | $4,197,442 |
| Pledges and grants receivable | $600,000 |
| Accounts receivable, net | $98,410 |
| 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 | $11,001 |
| Net Land, buildings, and equipment | $4,372,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,317,919 |
| Accounts payable and accrued expenses | $627,120 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $627,120 |
| Net assets without donor restrictions | $6,177,268 |
| Net assets with donor restrictions | $2,513,531 |
| 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 | $9,317,919 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Westminster Foundation has recieved totaling $3,773,400.
| Awarding Organization | Amount |
|---|---|
Interlaken Foundation Inc NEW YORk, NY PURPOSE: FOR ORGANIZATION'S CHARITABLE USE | $1,875,000 |
Interlaken Foundation Inc NEW YORk, NY PURPOSE: FOR ORGANIZATION'S CHARITABLE USE | $1,875,000 |
United Way Of Buffalo And Erie County Buffalo, NY PURPOSE: PROGRAM FUNDING | $23,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |