Buffalo String Works Inc
- Assets
- $779.8k
- Revenue
- $995.3k
- Investments
- $0.0
- Employees
- 29
- Location
- Buffalo, NY
- Founding
- 12/2015
- Data as of
- 08/2023
- EIN
- 81-0718400
Organization Overview
Buffalo String Works Inc is located in Buffalo, NY. The organization was established in 2015. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Buffalo String Works Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo String Works 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 08/2023, Buffalo String Works Inc generated $995.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.4% each year . All expenses for the organization totaled $948.0k during the year ending 08/2023. While expenses have increased by 57.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUFFALO STRING WORKS PROVIDES RIGOROUS MUSIC INSTRUCTION AND A CREATIVE HOME FOR 100 REFUGEE, IMMIGRANT, AND HISTORICALLY MARGINALIZED YOUTH IN THE CITY OF BUFFALO, NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE UP TO 6 HOURS OF HIGH QUALITY MUSIC INSTRUCTION EACH WEEK AND MULTIPLE PERFORMANCE OPPORTUNITIES EACH YEAR TO STUDENTS. WHILE PRIORITIZING MUSICAL EXCELLENCE, WE ALSO AIM TO CULTIVATE A POSITIVE SPACE THAT SUPPORTS OUR STUDENTS' DEVELOPMENT INTO CURIOUS, CONFIDENT, COMMITTED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Durgham Alyasiri Chair Commun | Trustee | 1 | $0 |
Michael Christiano Director | Trustee | 1 | $0 |
Jonathan Dandes Director | Trustee | 1 | $0 |
Eva Hassett Director | Trustee | 1 | $0 |
Crystal Selk Secretary | Trustee | 1 | $0 |
Corey Talford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $781,630 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,672 |
| 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 | $959,302 |
| Total Program Service Revenue | $35,952 |
| Investment income | $0 |
| 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 | $995,254 |
| 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 | $598,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,635 |
| Payroll taxes | $58,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,822 |
| Advertising and promotion | $0 |
| Office expenses | $14,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,398 |
| Travel | $7,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,705 |
| All other expenses | $0 |
| Total functional expenses | $947,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,497 |
| Savings and temporary cash investments | $31,911 |
| Pledges and grants receivable | $157,121 |
| Accounts receivable, net | $0 |
| 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 | $11,288 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,817 |
| Accounts payable and accrued expenses | $4,736 |
| Grants payable | $0 |
| Deferred revenue | $171,411 |
| 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 | $941 |
| Total liabilities | $177,088 |
| Net assets without donor restrictions | $395,969 |
| Net assets with donor restrictions | $206,760 |
| 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 | $779,817 |