Buffalo Prep promotes educational access and opportunity by delivering rigorous and enriching programming for students throughout western new york. We strive to nurture our scholars' brilliance while empowering them to engage civically as their authentic selves.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 85 volunteers and 66 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $346K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$222K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $3.9M in investments, Pt X · Ln 11–13
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$103K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-7% vs prior year
Spent
$2.5M
To programs
80%
Net assets
$7.0M
By yearFY2020–FY2025
Revenue
$2.8M
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$1.9M
FY2022$2.2M
FY2023$2.4M
FY2024$3.0M
FY2025$2.8M
Expenses
$2.5M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$2.1M
FY2023$2.4M
FY2024$2.4M
FY2025$2.5M
Net assets
$7.0M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.6M
FY2022$5.4M
FY2023$5.6M
FY2024$6.4M
FY2025$7.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1994.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.0M Management & general 8% · $191K Fundraising 12% · $314K

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

26 people listed on the 990; $222K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Highest Paid Employee
$111,448Pt VII · Sec A
President
$110,727Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Fundraising Chair
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Patti Stephen$110,727$118,850$118,850$109,042$94,953$92,480
Marcus Deveso$111,448$114,817$114,817———

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

Advocates for educational access and equity, providing programs for ambitious scholars of color.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2024
01

High school prep is an intensive, 14-MONTH program that prepares scholars for acceptance to and success at top independent, catholic, charter, and criteria-based public high schools and higher education.

$485Kprogram expense
02

Rising to Distinction

Created in partnership with the oishei foundation to provide academic support and college readiness preparation for underrepresented, talented youth. An RTD scholar must attend one of our partner high schools.

$373Kprogram expense
03

Middle school prep (MSP) supports POST-5TH and -6TH grade motivated scholars across western new york with accelerated educational enrichment. MSP is an engaging, five-week summer program, during the crucial middle school years, that keeps scholars engaged through a culturally relevant, fun, and stimulating learning environment.

$354Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$61K
Fees for servicesLn 2g$35K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.0M
Managementcol C$191K
Fundraisingcol D$314K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$859K
Total assetsLn 16$7.1M
LiabilitiesLn 26$103K
PeoplePt VI, VII
26
listed · VII A
PaidVII A2
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Noncash giftsLn 1g$50K
Fundraising eventsLn 1c$321K
Fees for servicesLn 2g$35K
Investment incomeLn 3$61K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$859K
Cash and savings togetherLn 1–2$859K
InvestmentsLn 11–13$3.9M
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$7.1M
LiabilitiesLn 26$103K
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 566
VolunteersI 685
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 FY25End FY25
Cash and savingsLn 1–2$908K$859K
InvestmentsLn 11–13$3.3M$3.9M
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$6.4M$7.1M
LiabilitiesLn 26$94K$103K
Net assetsLn 32$6.4M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$138K$138K
Pay of current officers, directors and key staffLn 5$165K$129K$15K$21K
Other salaries and wagesLn 7$1.1M$913K$101K$114K
Pension plan contributionsLn 8$33K$26K$3K$4K
Other employee benefitsLn 9$220K$172K$20K$28K
Payroll taxesLn 10$92K$72K$8K$12K
Legal feesLn 11b$342$241$26$75
Accounting feesLn 11c$27K$19K$2K$6K
Professional fundraising feesLn 11e$54K$54K
Investment management feesLn 11f$23K$18K$2K$3K
Other fees for servicesLn 11g$53K$45K$8K
Advertising and promotionLn 12$8K$4K$516$3K
Office expensesLn 13$130K$101K$15K$14K
Information technologyLn 14$35K$25K$3K$8K
OccupancyLn 16$45K$41K$431$3K
TravelLn 17$30K$25K$292$5K
Conferences, conventions and meetingsLn 19$80K$63K$1K$15K
Depreciation, depletion and amortizationLn 22$190K$174K$6K$11K
InsuranceLn 23$29K$21K$2K$6K
Other expenses (24a–d)Ln 24$48K$38K$4K$6K
Total functional expensesLn 25$2.5M$2.0M$191K$314K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.8M$2.5M$240K$7.0M 990 PDF
FY2024 $3.0M$2.4M$526K$6.4M 990 PDF
FY2023 $2.4M$2.4M−$49K$5.6M 990 PDF
FY2022 $2.2M$2.1M$160K$5.4M 990 PDF
FY2021 $1.9M$1.6M$260K$5.6M 990 PDF
FY2020 $2.4M$1.5M$939K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,769,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,993,437$2,726,920
I-9 Program service revenuePrior year $5,052$34,679
I-10 Investment incomePrior year $24,261$60,530
I-11 Other revenuePrior year −$49,586−$52,759
I-12 Total revenuePrior year $2,973,164$2,769,370
I-13 Grants and similar amounts paidPrior year $86,060$137,886
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,524,292$1,638,271
I-16a Professional fundraising feesPrior year $0$54,000
I-17 Other expensesPrior year $837,026$698,999
I-18 Total expensesPrior year $2,447,378$2,529,156
I-19 Revenue less expensesPrior year $525,786$240,214
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $2,769,370 across 8 lines filed
VIII-1c Fundraising events$321,443
VIII-1f All other contributions, gifts and grants$2,405,477
VIII-1g Noncash contributions (included above)$50,032
VIII-1h Total contributions, gifts and grants$2,726,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,679$34,679
VIII-3 Investment incomeExcluded from tax $60,530$60,530
VIII-8 Net income from fundraising eventsExcluded from tax −$52,759−$52,759
VIII-12 Total revenueRelated to mission $34,679 · Unrelated business $0 · Excluded from tax $7,771$2,769,370
Part IX · Statement of functional expenses $2,529,156 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $137,886$137,886
IX-5 Pay of current officers, directors and key staffPrograms $128,903 · Management $14,713 · Fundraising $21,142$164,758
IX-7 Other salaries and wagesPrograms $913,127 · Management $100,753 · Fundraising $114,357$1,128,237
IX-8 Pension plan contributionsPrograms $25,802 · Management $2,945 · Fundraising $4,232$32,979
IX-9 Other employee benefitsPrograms $172,022 · Management $19,635 · Fundraising $28,215$219,872
IX-10 Payroll taxesPrograms $72,311 · Management $8,254 · Fundraising $11,860$92,425
IX-11b Legal feesPrograms $241 · Management $26 · Fundraising $75$342
IX-11c Accounting feesPrograms $18,662 · Management $2,053 · Fundraising $5,851$26,566
IX-11e Professional fundraising feesFundraising $54,000$54,000
IX-11f Investment management feesPrograms $18,115 · Management $2,067 · Fundraising $2,971$23,153
IX-11g Other fees for servicesPrograms $44,783 · Management $8,272$53,055
IX-12 Advertising and promotionPrograms $4,227 · Management $516 · Fundraising $3,411$8,154
IX-13 Office expensesPrograms $101,045 · Management $15,095 · Fundraising $13,507$129,647
IX-14 Information technologyPrograms $24,864 · Management $2,735 · Fundraising $7,795$35,394
IX-16 OccupancyPrograms $40,906 · Management $431 · Fundraising $3,431$44,768
IX-17 TravelPrograms $24,677 · Management $292 · Fundraising $5,131$30,100
IX-19 Conferences, conventions and meetingsPrograms $63,182 · Management $1,401 · Fundraising $15,099$79,682
IX-22 Depreciation, depletion and amortizationPrograms $174,238 · Management $5,520 · Fundraising $10,717$190,475
IX-23 InsurancePrograms $20,502 · Management $2,255 · Fundraising $6,428$29,185
IX-24 Other expenses (24a–d)Programs $37,928 · Management $4,329 · Fundraising $6,221$48,478
IX-25 Total functional expensesPrograms $2,023,421 · Management $191,292 · Fundraising $314,443$2,529,156
Part X · Balance sheet $7,133,569 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $908,471$859,317
X-3 Pledges and grants receivableStart of year $955,918$1,226,189
X-4 Accounts receivable$1,000
X-9 Prepaid expenses and deferred chargesStart of year $2,039$3,589
X-10c Land, buildings and equipment, netStart of year $1,325,021$1,176,735
X-11 Publicly traded securitiesStart of year $3,256,683$3,866,739
X-16 Total assetsStart of year $6,448,132$7,133,569
X-17 Accounts payable and accrued expensesStart of year $94,500$103,390
X-26 Total liabilitiesStart of year $94,500$103,390
X-27 Net assets without donor restrictionsStart of year $5,263,785$5,583,990
X-28 Net assets with donor restrictionsStart of year $1,089,847$1,446,189
X-32 Total net assets or fund balancesStart of year $6,353,632$7,030,179
X-33 Total liabilities and net assetsStart of year $6,448,132$7,133,569
Part XI · Reconciliation of net assets $7,030,179 net assets at year end
XI-1 Total revenue$2,769,370
XI-2 Total expenses$2,529,156
XI-3 Revenue less expenses$240,214
XI-4 Net assets at start of year$6,353,632
XI-5 Net unrealized gains (losses) on investments$436,333
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,030,179

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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