Charter School Of Inquiry
- Assets
- $5.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 86
- Location
- Buffalo, NY
- Founding
- 04/2015
- Data as of
- 06/2023
- EIN
- 47-1284283
Organization Overview
Charter School Of Inquiry is located in Buffalo, NY. The organization was established in 2015. 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 06/2023, Charter School Of Inquiry employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter School Of Inquiry 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 06/2023, Charter School Of Inquiry generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 16.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AS A CHARTER SCHOOL IN THE CITY OF BUFFALO, NY AND PROVIDE INSTRUCTION TO GRADES K-6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES - CHARTER SCHOOL OF INQUIRY WILL CHALLENGE STUDENTS GRADES K-6 TO THINK CRITICALLY, PROBLEM SOLVE AND WORK COLLABORATIVELY THROUGH THE INQUIRY-BASED LEARNING ENVIRONMENT THAT THE SCHOOL PROVIDES, WHICH WILL ENABLE THE STUDENTS TO PARTICIPATE AS CITIZENS OF THEIR COMMUNITY AND THE WORLD.
SPECIAL EDUCATION - STUDENTS WITH SPECIAL NEEDS
OTHER PROGRAMS - INCLUDES EXTENDED DAY STUDENT ACTIVITIES AND SOCIAL WORKER SERVICES PROVIDED TO ALL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Nolan Chair | OfficerTrustee | 15 | $0 |
Eric Campbell Vice Chair | OfficerTrustee | 2 | $0 |
Richard Haydon Treasurer | OfficerTrustee | 2 | $0 |
Peter Dow Secretary | OfficerTrustee | 2 | $0 |
Delano Dowell Trustee | Trustee | 2 | $0 |
Ebony Eison Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $411,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,238 |
| Total Program Service Revenue | $4,045,101 |
| Investment income | $21,450 |
| 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 | $4,483,346 |
| 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. | $287,083 |
| Compensation of current officers, directors, key employees. | $287,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,667,218 |
| Pension plan accruals and contributions | $248,320 |
| Other employee benefits | $312,553 |
| Payroll taxes | $291,964 |
| 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 | $320,467 |
| Advertising and promotion | $20,478 |
| Office expenses | $29,218 |
| Information technology | $58,704 |
| Royalties | $0 |
| Occupancy | $97,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,616 |
| Interest | $117,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,968 |
| Insurance | $55,099 |
| All other expenses | $18,986 |
| Total functional expenses | $5,211,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,114,543 |
| Savings and temporary cash investments | $2,753,005 |
| Pledges and grants receivable | $100,661 |
| Accounts receivable, net | $97,073 |
| 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 | $12,477 |
| Net Land, buildings, and equipment | $384,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $644,760 |
| Total assets | $5,106,648 |
| Accounts payable and accrued expenses | $717,696 |
| 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 | $1,081,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,799,097 |
| Net assets without donor restrictions | $3,307,551 |
| 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 | $5,106,648 |