Buffalo String Works INC EIN 81-0718400 Form 990 (PDF) Claim this org

Buffalo String Works INC FY2023 filing

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Offers rigorous music instruction and a creative home to refugee, immigrant, and marginalized youth. For fiscal year 2023 it reported $995K in revenue, $948K in expenses, and $603K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Buffalo, NY
Website
www.buffalostringworks.org
Filings
6 on file (2020–2023)
Revenue
$995KFY2023
Expenses
$948K
Net assets
$603K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  81-0718400 Public charity (501(c)(3)) Buffalo, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers rigorous music instruction and a creative home to refugee, immigrant, and marginalized youth.
Leadership
Durgham Alyasiri · Chair Commun
Money in and out
$995K revenue, $948K expenses
Bottom line
78% program efficiency
Where the money goes · FY2023
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$948K
Pt IX · Ln 25
Net assets
$603K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $47K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.10 Fundraising $0.12
Program efficiency
78%
of spending reaches programs
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$995K
FY2023▲ +20%
Expenses
$948K
FY2023▲ +41%
Total assets
$780K
FY2023▲ +14%
Total liabilities
$177K
FY2023▲ +41%
Total revenue
$995K
Pt VIII · Ln 12
Total expenses
$948K
Pt IX · Ln 25
Net assets
$603K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$47K
Total assetsPt X · Ln 16$780K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBuffalo String Works INC
EINHdr · item D81-0718400
Principal addressHdr · item CBuffalo, NY
WebsiteHdr · item Jwww.buffalostringworks.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFDec 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chair Commun
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Yuki Numata Resnick’s $60K as Executive Di is at the 55th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Yuki Numata Resnick$60,000$33,866
Yuki Numata Resnick$32,308

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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Mission & Programs · Part III

Where the work happens

1 program service account for $741K of program spending, described in the organization's own filed words · FY2022.
01

We provide up to 6 hours of high quality music instruction each week and multiple performance opportunities each year to students. While prioritizing musical excellence, we also aim to cultivate a positive space that supports our students' development into curious, confident, committed individuals.

$741Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$959K · 96%
Program service revenue$36K · 4%
Contributions & grants96%$959K
Program service revenue4%$36K
— government grantsLn 1e$178K
Total revenueLn 12$995K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.10 Fundraising $0.12
Program services78%$741K
Management & general10%$97K
Fundraising12%$111K
Total functional expensesLn 25$948K

Balance Sheet

Part X · end of year
CashLn 1$611K
Total assetsLn 16$780K
Total liabilitiesLn 26$177K
Total net assetsLn 32$603K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $611K · Operating expenses/yr $948K
7.7 months
Where the money goes
Program services
Program services $741K · Total expenses $948K
78%
Management & General
Management & general $97K · Total expenses $948K
10%
Fundraising
Fundraising $111K · Total expenses $948K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $67K · Solicited contributions (3-yr avg) $631K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $959K · Total revenue $995K
96%
Government reliance
Government grants $178K · Total revenue $995K
18%
Earned-income share
Program service revenue $36K · Total revenue $995K
4%
Investment reliance
Investment income $0 · Total revenue $995K
0%
Program self-sufficiency
Program service revenue $36K · Total expenses $948K
4%
Growth & trend
Revenue growth (YoY)
This year $995K · Prior year $832K
+20%
Net-asset trend (YoY)
End of year $603K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $995K · Expenses $948K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $780K
Net-asset ratio
Net assets $603K · Total assets $780K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $780K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Durgham Alyasiri · Reported title CHAIR COMMUN · Highest reported compensation $0 · Total expenses $948K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $673K · Total expenses $948K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 10%
Fundraising cost ratio 12%
Revenue growth 20%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 19 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$851K revenue · ⤓ 990 PDF
FY2024$985K revenue · ⤓ 990 PDF
FY2023$995K revenue · viewing · ⤓ 990 PDF
FY2022$832K revenue · ⤓ 990 PDF
FY2021$523K revenue · ⤓ 990 PDF
FY2020$369K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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