Overview
What is The Bison Children's Scholarship Fund Inc?
The Bison Children's Scholarship Fund Inc, established in 1995, is a privately-funded nonprofit organization based in Buffalo, New York. With a mission to broaden educational opportunities for children in Western New York, the fund assists low-income families in affording the costs of private K-12 schools. Over the past 28 years, the organization has successfully funded 39,000 scholarships, enabling low-income children to attend schools of their choice. Currently, the fund supports 1,930 students, attending 80 K-12 schools across the region. The Bison Children's Scholarship Fund Inc is an essential resource for families seeking quality education options, making it the only K-12 scholarship program in Western New York and the 5th largest K-8 program nationally.
Official website here: www.bisonfund.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 98% (Four-Star out of Four Star rating)
The Bison Children's Scholarship Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in key accountability and finance metrics. With an overall score of 98%, the organization excels particularly in its Accountability & Finance score of 100 and Leadership & Adaptability score also at 100. These high marks indicate proficient financial practices and effective leadership structures, showcasing the charity's commitment to responsible governance.
The organization demonstrates a solid Program Expense Ratio of 92.81%, which indicates that a significant portion of its expenses is directed towards programs rather than administrative costs. Additionally, the Fundraising Efficiency Ratio of $0.03 suggests that it is able to raise funds at a very low cost, maximizing the impact of donations. The Bison Children's Scholarship Fund boasts a fully independent board, ensuring that there are no conflicts of interest in its operations.
While the organization has strengths in areas like accountability and leadership development, it received a lower score of 16% in Culture & Community and 75% in Equity Strategies. These areas may present opportunities for improvement, particularly in fostering a more inclusive organizational culture and enhancing equity initiatives. Overall, the Bison Children's Scholarship Fund Inc stands out for its financial health and governance, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Bison Children's Scholarship Fund Inc legitimate?
The Bison Children's Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bison Children's Scholarship Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $123,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,249
For more financial information, click here
Official website here: www.bisonfund.com
What is the mission statement of The Bison Children's Scholarship Fund Inc?
The Bison Children's Scholarship Fund Inc., established in 1995, is a privately funded organization with a mission to expand educational opportunities for children in Western New York. It achieves this by aiding low-income families in affording the cost of private K-12 schools. Over the past 28 years, this organization has provided scholarships for over 39,000 children, enabling them to attend schools of their choice. The Bison Children's Scholarship Fund is the only K-12 scholarship program in Western New York and is one of the largest K-8 programs nationally, supporting 1,930 students attending 80 K-12 schools across the region.
Official website here: www.bisonfund.com
Who is the CEO of The Bison Children's Scholarship Fund Inc?
Dennis Szymkowiak is the President of The Bison Children's Scholarship Fund Inc.
Official website here: www.bisonfund.com
What is the revenue of The Bison Children's Scholarship Fund Inc?
The Bison Children's Scholarship Fund Inc's revenue in 2022 was $6,442,449.
Official website here: www.bisonfund.com
Who are the executives of The Bison Children's Scholarship Fund Inc and what are their salaries?
The average compensation at The Bison Children's Scholarship Fund Inc during 2022 was $65,141. There are 4 employees and 50 volunteers at The Bison Children's Scholarship Fund Inc.
Here are 16 key members and their salaries:
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- Compensation: $117,207
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- Other: $9,609
Official website here: www.bisonfund.com
Where can I find the form 990 for The Bison Children's Scholarship Fund Inc?
The Bison Children's Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bisonfund.com
Learn more at the official website: www.bisonfund.com
Mission Statement of The Bison Children's Scholarship Fund Inc
The Bison Children's Scholarship Fund, established in 1995, is a privately funded organization with a mission to broaden the educational opportunities for children in Western New York. Recognizing the significance of a quality education, this nonprofit aims to assist low-income families in affording the cost of private K-12 schools. Over the past 28 years, the community's generosity has enabled the fund to provide scholarships for over 39,000 children, making it the only K-12 scholarship program in Western New York and the 5th largest K-8 program nationally. Currently, the Bison Children's Scholarship Fund supports 1,930 students attending 80 different K-12 schools across the region.
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Impact
October, 2024
The Bison Children's Scholarship Fund Inc has significantly impacted the educational landscape for low-income families in Western New York since its inception in 1995. By providing financial scholarships, it has enabled nearly 39,000 children to attend private K-12 schools, thus broadening their educational opportunities.
With a commitment to quality education as a fundamental right, the fund supports nearly 1,930 students across 80 different schools. This has not only enriched the lives of these students but has also contributed to the educational diversity within the community. Being the only K-12 scholarship program in Western New York and the fifth largest K-8 program nationally underscores its importance and the trust the community places in its mission.
The collective efforts of community members to fund these scholarships showcase a strong commitment to fostering educational equity, ensuring that every child, regardless of their family’s financial circumstances, has access to a quality education. This investment in the future not only benefits individual students but also strengthens the community as a whole, paving the way for a brighter and more equitable tomorrow.
This information is meant to be a general summary of The Bison Children's Scholarship Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $117,338
- Gross Receipts: $10,526,363
Assets and Liabilities:
- Total Assets: $13,244,747
- Total Liabilities: $54,728
- Net Assets: $13,190,019
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Organization Details
Founding Year
1995
Phone
(716) 854-0869Principal Officer
Dennis Szymkowiak
Main Address
284 DELAWARE AVENUE, BUFFALO, NY, 14202
Website
www.bisonfund.comNTEE Category
Code: T30 - Philanthropy
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