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BISON SCHOLARSHIP FUND

 
Buffalo, NY
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GuideStar Summary

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit and Charting Impact Report are available
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Basic Organization Information

BISON SCHOLARSHIP FUND
Physical Address: Buffalo, NY 14205 
EIN: 16-1477288
Web URL: www.bisonfund.com 
NTEE Category: B Educational Institutions
B82 Scholarships, Student Financial Aid, Awards
Ruling Year: 1995 


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Mission Statement

The BISON Scholarship Fund is a privately funded scholarship program for economically disadvantaged kindergarten through 8th grade children. BISON believes that: Children have a chance when families have choices - when given the choice of which school their children attend, families are empowered to positively impact their children's future. Setting the right path early promotes success - capturing children in grammar school years establishes the necessary foundation for continued success and learning. When parents make a financial commitment, their children benefit - As BISON's partners, parents must pay a minimum dollar amount every year. Together, our investments demonstrate a collective commitment to their children's success. Investing in education is investing in our community's future - when investing in a child, you are, personally, making that child's future happen.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses (GuideStar Exchange,
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April 2014)

Fiscal Year Starting: July 1, 2012
Fiscal Year Ending: June 30, 2013

Total Revenue --
Total Expenses --

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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April 2014)

Ms. Amy E. Popadick

Term:

Since Feb 2013

Board Chair (GuideStar Exchange,
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April 2014)

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Board of Directors (GuideStar Exchange,
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April 2014)

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Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in April 2014

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Programs

Program: The BISON Scholarship Fund tuition assistance program (GuideStar Exchange,
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April 2014)

Budget:
$1,902,780
Category:
Education
Population Served:
Children Only (5 - 14 years)

Program Description:

Tuition assistance is provided for economically disadvantaged children kindergarten through 8th grade. The tuition assistance BISON provides varies according to family income and size. Our maximum award is $1,400 and the average is approximately $900. About 25% of the families are receiving the maximum assistance and each family must partner with us by paying a minimum of $500 towards the tuition. BISON is designed to give parents a full range of choices about their children's education. Families awarded a BISON scholarship will be able to enroll their child in a private grammar school (K-8th Grade) of their choice in the greater Buffalo area.

Program Long-Term Success:

Allow children in economically disadvantaged families the opportunity to attend a private elementary school of their choice.

Program Short-Term Success:

The BISON Scholarship fund is the only kindergarten through 8th grade scholarship program in Western New York, and the fifth largest program of its kind in the country.

Program Success Monitored by:

We judge the success of our program by how well the children do after 8th grade.

Program Success Examples:

In the years we have been tracking graduates, we know that approximately 65% of graduating 8th graders have gone on to private high schools and 30% to well performing public high schools. Our work is ongoing, but we believe that at least 98% of these children also graduated from high school!
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Impact Summary from the Nonprofit Additional Information
A Charting Impact Report consists of an organization’s responses to the five questions. Helping validate this self-reported data are three reviews. Once an organization has used the online interface to complete its report, its responses will produce a document with a unique URL that will be shared on this website, on your GuideStar profile, on the reports of charities participating in BBB Wise Giving Alliance evaluations, and – in the future – with other websites and information sources about nonprofits. We encourage organizations to use this URL to share their report on their own website and through their own media channels. Participants will receive guidance about promoting their Charting Impact Report, along with other benefits, once they publish their report.

The BISON Scholarship Fund is the only kindergarten through 8th grade scholarship program in Western New York, and the fifth largest program of its kind in the country. In 18 years, BISON has made a significant impact on economically disadvantaged families who want school choice options for their children. BISON's positive results are: In 18 years, BISON has awarded over 20,000 scholarships with an economic value of more than $15 million - impacting the future of more than 20,000 children in our community. More than 60% of BISON graduates go on to a private high school of choice, and an additional 35% attend one of the top performing high schools. 95% of BISON graduates contacted graduated from high school; nationally, 95% of children in the CSF programs graduate from high school (compared to 57% in some public schools).
For more in-depth information about this organization's impact, view their Charting Impact Report.
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