2012-11-15T12:36:32-06:00 2012-06-30 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2011-07-01 161477288 THE BISON SCHOLARSHIP FUND INC BISO 7168540869 PO BOX 1134 BUFFALO NY 14205 KATHLEEN M CHRISTY 7168540869 2012-11-12 1 MICHAEL B DOLAN CPA P00141357 7166331373 2011 2016-02-24 21:20:13Z KATHLEEN M CHRISTY PO BOX 1134 BUFFALO NY 14205 1648379 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. 12 12 2 37 0 0 1813454 1583160 0 0 5958 7689 -193 1361 1819219 1592210 1185470 1651031 0 0 169314 168380 0 0 107159 65630 35628 1420414 1855039 398805 -262829 1439259 1187785 6020 15451 1433239 1172334 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 1711453 1651031 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 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 1,820 FOR THE 2011-12 SCHOOL YEAR. THESE CHILDREN ATTEND 77 DIFFERENT PRIVATE SCHOOLS. 1711453 1 1 0 0 0 0 0 0 0 0 1 1 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 0 1 1 0 2 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 0 0 NY X CINDY MCDONALD 7168540869 KOESSLER ADMIN BLDG 320 PORTER AVE BUFFALO NY 14201 X PAUL D BAUER 10.00 X X 0 0 0 DENNIS J SZYMKOWIAK 1.00 X X 0 0 0 NANCY A NAPLES 1.00 X X 0 0 0 ANDREW L FORS 1.00 X X 0 0 0 PAUL G JOYCE 1.00 X X 0 0 0 THOMAS R BEECHER JR 1.00 X 0 0 0 THOMAS J COMER JR 1.00 X 0 0 0 PATRICIA A FARRELL 1.00 X 0 0 0 CHRISTOPHER L JACOBS 1.00 X 0 0 0 CARL J MONTANTE JR 1.00 X 0 0 0 TIMOTHY J GEIGER 1.00 X 0 0 0 MARY LAWLEY ROSS 1.00 X 0 0 0 0 0 0 0 0 0 0 0 131148 1452012 2442 1583160 5174 5174 43858 41343 2515 2515 2515 16187 131148 14826 1361 1361 1592210 0 0 9050 1651031 1651031 138089 43123 16221 78745 4005 1418 490 2097 14826 5249 1815 7762 11460 4057 1403 6000 950 950 5850 5850 5608 2804 2804 4508 4508 1000 1000 1580 158 1422 455 455 2851 2851 POSTAGE 4313 863 431 3019 TELEPHONE 3183 1592 0 1591 PRINTING & REPRODUCTION 2489 124 249 2116 DUES & SUBSCRIPTIONS 472 236 0 236 2369 798 204 1367 1855039 1711453 36427 107159 12459 1686 82875 148981 1248683 967204 1820 1718 25960 25487 928 473 92494 67723 1439259 1187785 6020 15451 6020 15451 X 184556 205130 1248683 967204 1433239 1172334 1439259 1187785 X -262829 1924 X X 0 1 1 X 0 X 1183583 1034741 1283443 1813454 1583160 6898381 1183583 1034741 1283443 1813454 1583160 6898381 1597520 5300861 30907 9890 3287 5765 7689 57538 4567 4567 6960486 95756 0.76160 0.75730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25960 25487 473 473 THE HARTFORD INFLATION PLUS FUND 67723 F 67723 1592210 1855039 -262829 1924 1924 -260905 1617769 1924 23635 25559 1592210 0 1592210 1878674 23635 23635 1855039 0 1855039 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, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. BISON LUNCHEON 147335 131148 16187 13545 1281 147335 131148 16187 13545 1281 14826 1361 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. 1820 1651031 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 CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII PATRICIA A. FARRELL - 590 MADISON AVENUE, SUITE 3300, NEW YORK, NY 10022. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,924. 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.