Oracle Charter School FY2020 filing

Tax-deductible

Buffalo, NY501(c)(3)EducationEIN 20-1116278

The mission of Oracle Charter School was to educate, empower, and enable all students by offering a college preparatory education.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $13K a year · 68% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$157K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38K
Spent
$38K
To programs
0%
Net assets
$0
By yearFY2020–FY2025
Revenue
$38K
FY2020
Revenue by fiscal year
FY2020$38K
FY2021$3K
FY2022$1
FY2023$0
FY2024$55K
FY2025$0
Expenses
$38K
FY2020
Expenses by fiscal year
FY2020$38K
FY2021$31K
FY2022$36K
FY2023$28K
FY2024$28K
FY2025Not on file
Net assets
$0
FY2020
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 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 Oct 2004.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $38K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Oracle Charter School executive salaries →

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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 15aNo

Programs and updates

Provides college preparatory education to empower and enable all students.

Provided by the organization

This section is blank until Oracle Charter School claims this page.

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1 program service account for $38K of program spending, described in the organization's own filed words · FY2019.
01

The mission of Oracle Charter School was to educate, empower, and enable all students by offering a college preparatory education.

$38Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$38K
Ln 12
Other incomeLn 4–11$38K
Money outPt IX
$38K
Ln 25
Managementcol C$38K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$157K
LiabilitiesLn 26$157K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$38K
Total revenueLn 12$38K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Other assetsLn 15$133K
Total assetsLn 16$157K
LiabilitiesLn 26$157K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$80K$21K
Total assetsLn 16$204K$157K
LiabilitiesLn 26$204K$157K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$17K$17K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$38K$0$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$0 990 PDF
FY2024 $55K$28K$28K$0 990 PDF
FY2023 $0$28K−$28K$0 990 PDF
FY2022 $1$36K−$36K$0 990 PDF
FY2021 $3K$31K−$29K$0 990 PDF
FY2020 Viewing $38K$38K$0$0 990 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $38,034 across 2 lines filed
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $38,034$38,034
VIII-12 Total revenueRelated to mission $0 · Unrelated business $38,034 · Excluded from tax $0$38,034
Part IX · Statement of functional expenses $38,034 across 4 lines filed
IX-11b Legal feesManagement $1,128$1,128
IX-11c Accounting feesManagement $16,960$16,960
IX-23 InsuranceManagement $17,807$17,807
IX-24 Other expenses (24a–d)Management $2,139$2,139
IX-25 Total functional expensesPrograms $0 · Management $38,034 · Fundraising $0$38,034
Part X · Balance sheet $157,296 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $80,200$21,295
X-4 Accounts receivableStart of year $7,414$2,609
X-15 Other assetsStart of year $110,146$133,392
X-16 Total assetsStart of year $204,079$157,296
X-17 Accounts payable and accrued expensesStart of year $14,005$4,728
X-25 Other liabilitiesStart of year $190,074$152,568
X-26 Total liabilitiesStart of year $204,079$157,296
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $204,079$157,296
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$38,034
XI-2 Total expenses$38,034
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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