Civic Intelligence

Buffalo Developmental Opportunities Incorporated

990 • Fiscal year 2016 • EIN 47-2076902

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileTHEACADEMYBUFFALO.ORG
434 Delaware AvenueBuffalo, NY 14202

(716) 464-3244

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.69x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

28th percentile

-5.4%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$63,360

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

8th percentile

-23%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

153%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$12,484

Down $3,802 (-23%) from 2015

Net Assets

Up

$3,871

Up $8,383 (+186%) from 2015

Liabilities

Down

$8,613

Down $12,185 (-59%) from 2015

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin28th percentile

Revenue

Up

$587,303

Up $355,401 (+153%) from 2015

Expenses

Up

$619,288

Up $382,874 (+162%) from 2015

Net Income

Down

-$31,985

Down $27,473 (-609%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50K-$100KAssets 2015: $16,286Liabilities 2015: $20,798Net Assets 2015: -$4,5122015Assets 2016: $12,484Liabilities 2016: $8,613Net Assets 2016: $3,8712016Assets 2017: $13,998Liabilities 2017: $100,000Net Assets 2017: -$86,0022017

Highlighted filing

2016

Assets$12,484
Liabilities$8,613
Net Assets$3,871
Open 2016 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $231,902Expenses 2015: $236,414Net Income 2015: -$4,5122015Revenue 2016: $587,303Expenses 2016: $619,288Net Income 2016: -$31,9852016Revenue 2017: $215,008Expenses 2017: $304,881Net Income 2017: -$89,8732017

Highlighted filing

2016

Revenue$587,303
Expenses$619,288
Net Income-$31,985
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$587,303
Mission and Program Overview

Mission

To engage students in a rigorous curriculum to challenge their academic talents. To teach both individuals and groups by exposing students to a learning culture in which teachers and staff are models of behavioral and academic excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$20,798$0▼ $20,798
Land, Buildings, and Equipment, Net$12,871$6,958▼ $5,913
Cash and Non-Interest-Bearing Accounts$3,415$5,526▲ $2,111
Total Assets$16,286$12,484▼ $3,802
Liabilities
Accounts Payable and Accrued Expenses-$6,163-
Deferred Revenue-$2,450-
Total Liabilities$20,798$8,613▼ $12,185
Net Assets / Fund Balance
Unrestricted Net Assets$-4,512$3,871▲ $8,383
Total Net Assets Fund Balance$-4,512$3,871▲ $8,383
Total Liabilities and Net Assets / Fund Balance$16,286$12,484▼ $3,802

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,958$2,216$9,174
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Margaret Keller-coganExecutive Director (to 9/1/16)FT$60,000$3,360$63,360

Board Members and Trustees

NameTitle
Christina KarlBoard Member (to 8/11/16)
Ludvik KarlBoard Member (to 8/11/16)
Robert GlaserBoard Member (to 8/11/16)
Ryan GlaserBoard Member (to 8/11/16)
Revenue and Support

Revenue Composition

Contributions and Grants
$293,400
Program Service Revenue
$293,903
Investment Income
$0
Other Revenue
$0
All Other Contributions
$293,400
Change in Net Assets
$-31,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$587,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$587,303
Total Revenue per Form 990
$587,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$465,604
Other Expenses$153,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,041$35,004-$350,045
Occupancy$56,701$6,300-$63,001
Current Officers, Directors, Trustees, and Key Employees$54,000$6,000-$60,000
Payroll Taxes$50,003$5,556-$55,559
Fees for Services Other$11,743$1,305-$13,048
All Other Expenses$11,205$1,245-$12,450
Insurance$4,784$532-$5,316
Advertising$4,545$505-$5,050
Other Expenses$4,268$474-$4,742
Conferences and Meetings$3,187$354-$3,541
Fees for Services Legal$2,295$255-$2,550
Depreciation Depletion$1,402$156-$1,558
Total Functional Expenses$557,359$61,929$0$619,288

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$619,288
Total Expenses per Audited Statements$619,288
Total Expenses per Form 990$619,288
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$20,798$0▼ $20,798
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Ludvik karl and christina karl are married. Robert glaser is the father of christina karl and ryan glaser. All are board members.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by an outside accounting firm. The board of directors review the 990 prior to it filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available upon request.”

Form 990, Part VI, Section B, Lines 12 - 14

“The organization is currently evaluating the implementation of conflict of interest, whistleblower and document retention and destruction policies.”

Filing and Contact Details

Filer

Filer Name
Buffalo Developmental Opportunities Inc
EIN
47-2076902
Phone
7164643244
Address
434 DELAWARE AVENUE, BUFFALO, NY 14202
Doing Business As
The Buffalo Academy of Scholars

Signing Officer

Name
Alan Hibbard
Title
Executive Director
Phone
7164643244
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Hibbard
Formed
2014
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
14
Volunteers
5

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The buffalo academy of scholars is exempt from federal income tax as provided by the regulations set forth in section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been recorded.”

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06163
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ENGAGE STUDENTS IN A RIGOROUS CURRICULUM TO CHALLENGE THEIR ACADEMIC TALENTS. TO TEACH BOTH INDIVIDUALS AND GROUPS BY EXPOSING STUDENTS TO A LEARNING CULTURE IN WHICH TEACHERS AND STAFF ARE MODELS OF BEHAVIORAL AND ACADEMIC EXCELLENCE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0505
IRS990/AdvertisingGrp/ProgramServicesAmt04545
IRS990/AdvertisingGrp/TotalAmt05050
IRS990/AllOtherContributionsAmt0293400
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01245
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011205
IRS990/AllOtherExpensesGrp/TotalAmt012450
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07164643244
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0434 DELAWARE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014202
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03415
IRS990/CashNonInterestBearingGrp/EOYAmt05526
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt06000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt054000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt060000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0354
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03187
IRS990/ConferencesMeetingsGrp/TotalAmt03541
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0293400
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0153684
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0293903
IRS990/CYRevenuesLessExpensesAmt0-31985
IRS990/CYSalariesCompEmpBnftPaidAmt0465604
IRS990/CYTotalExpensesAmt0619288
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0587303
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt02450
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0156
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01402
IRS990/DepreciationDepletionGrp/TotalAmt01558
IRS990/Desc0PROVIDED PRIVATE SCHOOLING WITH CUSTOMIZED LEARNING FOR GRADES 5 THROUGH 12.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0THE BUFFALO ACADEMY OF SCHOLARS
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt014
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0557359
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0255
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02295
IRS990/FeesForServicesLegalGrp/TotalAmt02550
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01305
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt011743
IRS990/FeesForServicesOtherGrp/TotalAmt013048
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt43360
IRS990/Form990PartVIISectionAGrp/PersonNm0LUDVIK KARL
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTINA KARL
IRS990/Form990PartVIISectionAGrp/PersonNm2RYAN GLASER
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT GLASER
IRS990/Form990PartVIISectionAGrp/PersonNm4DR MARGARET KELLER-COGAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt460000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER (TO 8/11/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER (TO 8/11/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER (TO 8/11/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER (TO 8/11/16)
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR (TO 9/1/16)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0587303
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0532
IRS990/InsuranceGrp/ProgramServicesAmt04784
IRS990/InsuranceGrp/TotalAmt05316
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02216
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012871
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06958
IRS990/LandBldgEquipCostOrOtherBssAmt09174
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt020798
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENGAGE STUDENTS IN A RIGOROUS CURRICULUM TO CHALLENGE THEIR ACADEMIC TALENTS. TO TEACH BOTH INDIVIDUALS AND GROUPS BY EXPOSING STUDENTS TO A LEARNING CULTURE IN WHICH TEACHERS AND STAFF ARE MODELS OF BEHAVIORAL AND ACADEMIC EXCELLENCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-4512
IRS990/NetAssetsOrFundBalancesEOYAmt03871
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06300
IRS990/OccupancyGrp/ProgramServicesAmt056701
IRS990/OccupancyGrp/TotalAmt063001
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02882
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1876
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2485
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3474
IRS990/OtherExpensesGrp/ProgramServicesAmt025938
IRS990/OtherExpensesGrp/ProgramServicesAmt17880
IRS990/OtherExpensesGrp/ProgramServicesAmt24367
IRS990/OtherExpensesGrp/ProgramServicesAmt34268
IRS990/OtherExpensesGrp/TotalAmt028820
IRS990/OtherExpensesGrp/TotalAmt18756
IRS990/OtherExpensesGrp/TotalAmt24852
IRS990/OtherExpensesGrp/TotalAmt34742
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035004
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0315041
IRS990/OtherSalariesAndWagesGrp/TotalAmt0350045
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05556
IRS990/PayrollTaxesGrp/ProgramServicesAmt050003
IRS990/PayrollTaxesGrp/TotalAmt055559
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALAN HIBBARD
IRS990/PriorPeriodAdjustmentsAmt040368
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0293903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0293903
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0189002
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt084723
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt042900
IRS990/PYRevenuesLessExpensesAmt0-4512
IRS990/PYSalariesCompEmpBnftPaidAmt0151691
IRS990/PYTotalExpensesAmt0236414
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0231902
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-31985
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0293903
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt06958
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02216
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09174
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0619288
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0587303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BUFFALO ACADEMY OF SCHOLARS IS EXEMPT FROM FEDERAL INCOME TAX AS PROVIDED BY THE REGULATIONS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06958
IRS990ScheduleD/TotalExpensesPerForm990Amt0619288
IRS990ScheduleD/TotalRevenuePerForm990Amt0587303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0587303
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0619288
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE BUFFALO ACADEMY OF SCHOLARS USES ITS WEBSITE AS THE PRIMARY MEANS OF MARKETING THE SCHOOL AND PROVIDING CURRENT INFORMATION ON PROGRAMS AND SERVICES. AS SUCH, THE SCHOOL LISTS ITS NON-DISCRIMINATION POLICY THERE. FURTHERMORE, EACH STUDENT AND HER/HIS FAMILY RECEIVES A HANDBOOK AT THE ONSET OF THE SCHOOL YEAR. THE POLICY IS RECORDED THERE AS WELL. EACH FAMILY IS REQUIRED TO SUBMIT A SIGNED AFFIDAVIT VERIFYING THAT THE PARENTS AND STUDENT(S) HAVE READ THE POLICIES AND WILL ABIDE BY THEM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LUDVIK KARL AND CHRISTINA KARL ARE MARRIED. ROBERT GLASER IS THE FATHER OF CHRISTINA KARL AND RYAN GLASER. ALL ARE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE BOARD OF DIRECTORS REVIEW THE 990 PRIOR TO IT FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS CURRENTLY EVALUATING THE IMPLEMENTATION OF CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION AND DESTRUCTION POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINES 12 - 14
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016286
IRS990/TotalAssetsEOYAmt012484
IRS990/TotalAssetsGrp/BOYAmt016286
IRS990/TotalAssetsGrp/EOYAmt012484
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0293400
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061929
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0557359
IRS990/TotalFunctionalExpensesGrp/TotalAmt0619288
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020798
IRS990/TotalLiabilitiesEOYAmt08613
IRS990/TotalLiabilitiesGrp/BOYAmt020798
IRS990/TotalLiabilitiesGrp/EOYAmt08613
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-4512
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03871
IRS990/TotalOtherCompensationAmt03360
IRS990/TotalProgramServiceExpensesAmt0557359
IRS990/TotalProgramServiceRevenueAmt0293903
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0293903
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0587303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012484
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-4512
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03871
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0434 DELAWARE AVENUE
IRS990/USAddress/CityNm0BUFFALO
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014202
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0THEACADEMYBUFFALO.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN HIBBARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07164643244
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUFFALO DEVELOPMENTAL OPPORTUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0BUFF
ReturnHeader/Filer/EIN0472076902
ReturnHeader/Filer/PhoneNum07164643244
ReturnHeader/Filer/USAddress/AddressLine1Txt0434 DELAWARE AVENUE
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014202
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454051133
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FREED MAXICK CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0424 MAIN STREET SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BUFFALO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0142023508
ReturnHeader/PreparerPersonGrp/PhoneNum07168472651
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY MADONIA
ReturnHeader/ReturnTs02017-05-15T13:43:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,484
Liabilities
$8,613
Net assets
$3,871
Revenue
$587,303
Expenses
$619,288
Net income
-$31,985
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.14$1.00$0.86$2.15$3.05$0.90
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.09$0.04$5.87$6.19$0.32
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.21$0.05$2.32$2.36$0.05