Enterprise Charter School FY2021 filing

Tax-deductible

Buffalo, NY501(c)(3)Since 2003EducationEIN 14-1876714Revenue $7.0M in FY2021

On file with the IRSenterprisecharter.org275 Oak St, 14203-1638 · Buffalo, NYTax-exempt since Apr 2004School — 170(b)(1)(A)(ii)

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Engage young minds through projects and partnerships.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $125K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $76K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.7M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.0M
+12% vs prior year
Spent
$6.1M
To programs
72%
Net assets
$6.9M
By yearFY2020–FY2025
Revenue
$7.0M
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.2M
FY2021$7.0M
FY2022$6.6M
FY2023$6.1M
FY2024$6.7M
FY2025$6.8M
Expenses
$6.1M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.0M
FY2021$6.1M
FY2022$7.5M
FY2023$7.1M
FY2024$6.6M
FY2025$7.0M
Net assets
$6.9M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.9M
FY2022$6.0M
FY2023$5.0M
FY2024$5.2M
FY2025$5.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $4.4M Management & general 28% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Superintendent
$140,242Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Parent Representative
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeremy Esposito’s $174K as CEO is at the 75th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeremy Esposito$173,834$8,366————
Jordan Schmidt$133,349$145,839$115,816$13,056——
Julie Schwab———$142,800$140,242$131,237
Denise Terrell$134,621$140,206$47,355———
Michael Radosta$113,597$107,182$121,217———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates Buffalo children in grades K-8 as a charter school.

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Provided by the organization

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1 program · $4.4M · in their own filed words · FY2020
01

To provide students with the knowledge, skills and dispositions to grow and problem solve, and give them the resources to lead and succeed in the school and community at large. Using tools such as project based learning, the school and its partners provide students with unique educational opportunities presently not available in other…

$4.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$76K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Fees for servicesLn 2g$5.4M
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$151K
Money outPt IX
$6.1M
Ln 25
Programscol B$4.4M
Managementcol C$1.7M
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$13.6M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$6K
Other incomeLn 4–11$151K
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
CashLn 1$635K
SavingsLn 2$5.8M
Cash and savings togetherLn 1–2$6.4M
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$984K
Total assetsLn 16$13.6M
LiabilitiesLn 26$6.7M
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 587
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.5M$6.4M
Land, buildings, equipmentLn 10c$5.9M$5.5M
Total assetsLn 16$12.7M$13.6M
LiabilitiesLn 26$6.5M$6.7M
Net assetsLn 32$6.1M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$141K$141K
Other salaries and wagesLn 7$2.7M$2.0M$722K
Pension plan contributionsLn 8$266K$185K$80K
Other employee benefitsLn 9$333K$232K$101K
Payroll taxesLn 10$227K$158K$69K
Other fees for servicesLn 11g$557K$157K$400K
Advertising and promotionLn 12$9K$8K$915
Office expensesLn 13$79K$71K$8K
Information technologyLn 14$47K$42K$5K
OccupancyLn 16$129K$116K$13K
Conferences, conventions and meetingsLn 19$5K$5K$525
InterestLn 20$504K$454K$50K
Depreciation, depletion and amortizationLn 22$488K$439K$49K
InsuranceLn 23$75K$67K$7K
Other expenses (24a–d)Ln 24$479K$448K$31K
All other expensesLn 24e$32K$17K$16K
Total functional expensesLn 25$6.1M$4.4M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.8M$7.0M−$131K$5.0M 990 PDF
FY2024 $6.7M$6.6M$104K$5.2M 990 PDF
FY2023 $6.1M$7.1M−$998K$5.0M 990 PDF
FY2022 $6.6M$7.5M−$858K$6.0M 990 PDF
FY2021 Viewing $7.0M$6.1M$888K$6.9M 990 PDF
FY2020 $6.2M$6.0M$243K$6.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $6,968,348 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $342,306$1,388,547
I-9 Program service revenuePrior year $5,625,656$5,422,204
I-10 Investment incomePrior year $70,080$6,381
I-11 Other revenuePrior year $176,850$151,216
I-12 Total revenuePrior year $6,214,892$6,968,348
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,638,168$3,676,778
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,333,293$2,403,798
I-18 Total expensesPrior year $5,971,461$6,080,576
I-19 Revenue less expensesPrior year $243,431$887,772
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,968,348 across 8 lines filed
Lines not itemized here account for $1,664 of total revenue; see the IRS return.
VIII-1e Government grants$1,388,297
VIII-1f All other contributions, gifts and grants$250
VIII-1h Total contributions, gifts and grants$1,388,547
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,422,204$5,422,204
VIII-3 Investment incomeExcluded from tax $6,381$6,381
VIII-6 Net rental income or lossExcluded from tax $146,117$146,117
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,435$3,435
VIII-12 Total revenueRelated to mission $5,427,303 · Unrelated business $0 · Excluded from tax $152,498$6,968,348
Part IX · Statement of functional expenses $6,080,576 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $140,744$140,744
IX-7 Other salaries and wagesPrograms $1,988,094 · Management $722,149$2,710,243
IX-8 Pension plan contributionsPrograms $185,350 · Management $80,423$265,773
IX-9 Other employee benefitsPrograms $232,240 · Management $100,735$332,975
IX-10 Payroll taxesPrograms $158,317 · Management $68,726$227,043
IX-11g Other fees for servicesPrograms $156,933 · Management $399,663$556,596
IX-12 Advertising and promotionPrograms $8,229 · Management $915$9,144
IX-13 Office expensesPrograms $71,127 · Management $7,904$79,031
IX-14 Information technologyPrograms $42,492 · Management $4,721$47,213
IX-16 OccupancyPrograms $115,782 · Management $12,866$128,648
IX-19 Conferences, conventions and meetingsPrograms $4,732 · Management $525$5,257
IX-20 InterestPrograms $453,624 · Management $50,404$504,028
IX-22 Depreciation, depletion and amortizationPrograms $438,835 · Management $48,759$487,594
IX-23 InsurancePrograms $67,340 · Management $7,482$74,822
IX-24 Other expenses (24a–d)Programs $447,979 · Management $31,079$479,058
IX-24e All other expensesPrograms $16,792 · Management $15,615$32,407
IX-25 Total functional expensesPrograms $4,387,866 · Management $1,692,710 · Fundraising $0$6,080,576
Part X · Balance sheet $13,559,750 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $470,789$634,524
X-2 Savings and temporary cash investmentsStart of year $5,060,513$5,788,286
X-4 Accounts receivableStart of year $209,968$624,423
X-9 Prepaid expenses and deferred chargesStart of year $62,946$35,137
X-10c Land, buildings and equipment, netStart of year $5,869,669$5,493,262
X-15 Other assetsStart of year $983,312$984,118
X-16 Total assetsStart of year $12,657,197$13,559,750
X-17 Accounts payable and accrued expensesStart of year $509,568$731,244
X-19 Deferred revenueStart of year $12,502$11,305
X-20 Tax-exempt bond liabilitiesStart of year $6,019,424$5,911,951
X-26 Total liabilitiesStart of year $6,541,494$6,654,500
X-27 Net assets without donor restrictionsStart of year $6,085,703$6,905,250
X-28 Net assets with donor restrictionsStart of year $30,000$0
X-32 Total net assets or fund balancesStart of year $6,115,703$6,905,250
X-33 Total liabilities and net assetsStart of year $12,657,197$13,559,750
Part XI · Reconciliation of net assets $6,905,250 net assets at year end
XI-1 Total revenue$6,968,348
XI-2 Total expenses$6,080,576
XI-3 Revenue less expenses$887,772
XI-4 Net assets at start of year$6,115,703
XI-9 Other changes in net assets−$98,225
XI-10 Net assets at end of year$6,905,250

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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