BRASS FOUNDATION INCORPORATED

EIN: 873790352 501(c)(3) Education

BUFFALO, NY

Total Revenue
$2,565,016
Total Expenses
$2,709,079
Total Assets
$41,258,142
Net Assets
$25,204,954
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
DR JOSEPH POLAT
Phone
7168542490
Tax Period
2024-07-01 to 2025-06-30

BRASS FOUNDATION INCORPORATED, founded in 2021, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Net assets of $25.2M represent 118 months of operating reserves.

Mission

THE BUFFALO ROCHESTER ACADEMY OF SCIENCE SCHOOLS FOUNDATION, INC. (THE FOUNDATION) IS A NOT-FOR-PROFIT FOUNDATION THAT HOLDS PROPERTIES FOR THE BUFFALO AND ROCHESTER ACADEMIES OF SCIENCE CHARTER SCHOOLS (THE SCHOOLS). THE FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT THE OPERATION OF THE SCHOOLS' BY PROVIDING ASSISTANCE WITH THE SCHOOLS' REAL ESTATE AND FACILITIES RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE FOUNDATION TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE SCHOOLS' STUDENTS AND ALUMNI.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $200,000
Program Service Revenue $2,300,454
Investment Income $26,254
Other Revenue $38,308
TOTAL REVENUE $2,565,016

Expense Breakdown

Grants Paid $450,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,410,683
Other Expenses $2,259,079
TOTAL EXPENSES $2,709,079

Year-over-Year Comparison

2024 2023 Change
Revenue $2,565,016 $2,529,396 +0.0%
Expenses $2,709,079 $2,077,705 +0.3%
Net Income $-144,063 $451,691 -1.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$840,354
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MUSTAFA GOKCEK PHD MEMBER 0.50
Director
$0 $0 $0
TOLGA HAYALI PHD PRESIDENT 0.50
Officer Director
$0 $0 $0
SELCUK SEDEMIRCI MEMBER 0.50
Director
$0 $0 $0
DR JOSEPH POLAT EXECUTIVE DIRECTOR 0.50
Officer
$0 $35,524 $232,864
MURAT KUCUKDUGENCI CHIEF OPERATIONS OFFICER 0.50
Officer
$0 $28,243 $153,566
JUSTIN BRAUN CHIEF ACADEMIC OFFICER 0.50
Officer
$0 $18,438 $146,760
MUSTAFA ERSOY CHIEF TALENT OFFICER 0.50
Officer
$0 $29,322 $159,572
GRAHAM VANDERZANDEN CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $27,695 $147,592
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,565,016 $2,709,079 $41,258,142 $-144,063
2024 $2,529,396 $2,077,705 $41,592,830 $451,691
2023 $21,313,261 $1,278,760 $42,398,028 $20,034,501
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