2016-11-14T08:51:49-06:00 2016-06-30 043728817 Tronconi Segarra & Associates LLP 8321 Main Street Williamsville NY 14221 990 2015-07-01 161477288 The BISON Children's Scholarship Fund Inc BISO 7168540869 PO Box 1134 Buffalo NY 14205 AMY E POPADICK Executive Director 7168540869 2016-11-11 1 Kathleen A Grieco CPA P00759978 7166331373 2016-11-08 2015 2017-02-10 21:41:12Z AMY E POPADICK PO Box 1134 Buffalo NY 14205 2494947 0 X WWW.BISONFUND.COM X 1995 NY THE BISON SCHOLARSHIP FUND IS A PRIVATELY FUNDED TUITION ASSISTANCE PROGRAM FOR LOW INCOME CHILDREN (KINDERGARTEN-8TH GRADE) LIVING IN WESTERN NEW YORK. bison's goal is to equalize educational opportunities for elementary students by offering low-income families educational options normally denied them because of cost. bison makes a minimum of a four-year commitment to each student awarded a scholarship, but has set a goal of providing scholarships to students throughout their grammar school years. 16 16 4 35 0 0 2516996 2453822 0 0 11984 14492 -2689 -5483 2526291 2462831 1970382 2205416 0 0 160263 166615 0 0 107620 43763 48602 2174408 2420633 351883 42198 2273179 2322616 7731 4659 2265448 2317957 X THE BISON SCHOLARSHIP FUND IS A PRIVATELY FUNDED TUITION ASSISTANCE PROGRAM FOR LOW INCOME CHILDREN (KINDERGARTEN-8TH GRADE) LIVING IN WESTERN NEW YORK. Bison makes a minimum of a four-year commitment to each student awarded a scholarship, but has set a goal of providing scholarships to students throughout their grammar school years. 0 0 2270850 2205416 BISON's goal is to equalize educational opportunities for elementary students by offering low income families education options normally denied them because of cost. BISON believes that: children have a chance when families have choices; setting the right path early promotes success; when parents make a financial commitment, their children benefit; and investing in education is investing in our community's FUTURE.THANKS to the generosity of donors throughout Western New York and the matching grant from the Children's Scholarship Fund (CSF), the BISON Scholarship Fund has grown from helping 200 children in 1995 when the program started, to 1,800 attending 71 different schools across WNY for the 2015-16 year. 2270850 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 4 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X AMY POPADICK 7168540869 KOESSLER ADMIN BLDG 320 PORTER AVE buffalo NY 14201 PAUL D BAUER PRESIDENT 10.00 X X 0 0 0 DENNIS J SZYMKOWIAK vice president 1.00 X X 0 0 0 NANCY A NAPLES vice president 1.00 X X 0 0 0 ANDREW L FORS TREASURER 1.00 X X 0 0 0 KAREN L COOK SECRETARY 1.00 X X 0 0 0 THOMAS R BEECHER JR boarD MEMBER 1.00 X 0 0 0 THOMAS J COmER JR boarD MEMBER 1.00 X 0 0 0 PATRICIA A FARRELL boarD MEMBER 1.00 X 0 0 0 HON CHRISTOPHER L JACOBS boarD MEMBER 1.00 X 0 0 0 CARL J MONTANTE JR boarD MEMBER 1.00 X 0 0 0 timothy j geiger boarD MEMBER 1.00 X 0 0 0 JAMES J NASH boarD MEMBER 1.00 X 0 0 0 ELIZABETH SULLIVAN boarD MEMBER 1.00 X 0 0 0 TOD D MARTIN boarD MEMBER 1.00 X 0 0 0 David P Dodman boarD MEMBER 1.00 X 0 0 0 michael l mccabe boarD MEMBER 1.00 X 0 0 0 AMY E POPADICK EXECUTIVE DIRECTOR 40.00 X 78913 0 7664 78913 0 7664 0 0 0 0 0 239700 2214122 2453822 14492 14492 26633 239700 32116 -5483 -5483 2462831 0 0 9009 2205416 2205416 78914 27430 10302 41182 57769 20080 7541 30148 5558 2056 723 2779 13058 4831 1698 6529 11316 4187 1471 5658 6515 6515 14736 2705 5370 6661 3108 1554 1554 2200 2200 2221 222 1999 2906 2906 3437 3437 Donor Cultivation 8742 8742 Miscellaneous 4737 2369 2368 2420633 2270850 42163 107620 275213 42248 566696 656069 997097 1089106 5754 5062 26155 8005 5628 18150 422791 511981 2273179 2322616 7731 4659 7731 4659 X 1097131 1190898 1168317 1127059 2265448 2317957 2273179 2322616 42198 10311 0 X X 0 1 X 1 0 X 1583160 2292783 2223739 2516996 2453822 11070500 1583160 2292783 2223739 2516996 2453822 11070500 2116682 8953818 7689 2585 4778 11984 14492 41528 11112028 0.80580 0.79690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3665 2678 987 22490 5327 17163 18150 X 2502983 10311 29841 40152 2462831 0 2462831 2450474 29841 29841 2420633 0 2420633 Part X, Line 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - The Organization's management evaluates its tax positions to determine whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation, based on technical merits of the tax position. Management has analyzed the Organization's tax positions and has concluded that, as of June 30, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require disclosure in the financial statements. BISON LUNCHEON 266333 239700 26633 18599 13517 266333 239700 26633 18599 13517 32116 -5483 0 Privately funded tuition assistance program for economically disadvantaged children living in western new york. Families chosen to receive assistance are able to send their child to a private grammar school of choice. 1800 2205416 FORM 990 The organization pays the scholarships directly to the schools on behalf of the children (not the parents). The school is responsible to inform BISON if a student has left the school and the reason. BISON students are eligible to transfer to a different private school with their scholarship. If a student leaves the program, there is a 6 month grace period if they wish to return to the school and their scholarship is reactivated. However students that leave because they have been expelled immediately lose their scholarship permanently. Form 990, Part VI, Section B, line 11 A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED FOR THEIR APPROVAL. Form 990, Part VI, Section B, line 12c A WRITTEN CONFLICT OF INTEREST CONFIRMATION FORM IS REQUIRED TO BE FILED WITH THE ORGANIZATION WHEN AN INDIVIDUAL BECOMES A BOARD MEMBER. ON AN ANNUAL BASIS WITH THE ELECTION OF THE NEW BOARD MEMBERS THE ORGANIZATION REVISITS ALL RELATIONSHIPS WITH OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO ENSURE THAT NO CONFLICTS OF INTEREST AS DEFINED IN THE WRITTEN POLICY EXIST. Form 990, Part VI, Section B, line 15a ON AN ANNUAL BASIS, THE ORGANIZATION PROVIDES DOCUMENTATION TO THE OFFICERS/EXECUTIVE COMMITTEE WITH RESPECT TO THE COMPENSATION OF THE ORGANIZATION'S TWO EMPLOYEES FOR REVIEW AND APPROVAL. SUCH INFORMATION INCLUDES COMPARABLE DATA FROM SIMILAR SIZED TAX EXEMPT ORGANIZATIONS IN THE WESTERN NEW YORK COMMUNITY OF SIMILAR SIZE, DEMOGRAPHICS, AND GEOGRAPHY. REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT BY THE OFFICERS/EXECUTIVE COMMITTE IS DOCUMENTED IN THE ORGANIZATIONS PAYROLL RECORDS. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XII, Line 2c: The Bison Scholarship Fund has in place a governance & audit committee that is charged with engaging, meeting, evaluating and hiring of the independent auditor. The committee is also charged with defining and monitoring the scope of the audit and review of the financial statements among other duties.