Buffalo Place Foundation
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 32
- Location
- Buffalo, NY
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 16-1393524
Organization Overview
Buffalo Place Foundation is located in Buffalo, NY. The organization was established in 1991. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Buffalo Place Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Place Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Buffalo Place Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PERFORMS THE MAINTENANCE (GARBAGE COLLECTION, LANDSCAPING, SNOW REMOVAL, ETC.) AND SECURITY FUNCTIONS IN A SPECIAL CHARGE DISTRICT: THE MAIN STREET TRANSIT MALL IN DOWNTOWN BUFFALO, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith M Belanger Chairperson | OfficerTrustee | 5 | $0 |
Steven J Carmina Vice President | OfficerTrustee | 2 | $0 |
Anthony J Colucci III President & Vice Chairman | OfficerTrustee | 5 | $0 |
Sandra Schoellkopf Secretary | OfficerTrustee | 2 | $0 |
Mark F Zeis Vice President | OfficerTrustee | 2 | $0 |
Barbara A Danner Treasurer (non-Voting) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,641 |
| Total Program Service Revenue | $1,453,231 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,867,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,203 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $854,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $136,265 |
| Payroll taxes | $70,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,302 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,840 |
| Travel | $83 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $133,644 |
| All other expenses | $29,612 |
| Total functional expenses | $1,497,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,184 |
| Net Land, buildings, and equipment | $145,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,012,495 |
| Total assets | $2,343,887 |
| Accounts payable and accrued expenses | $150,057 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,057 |
| Net assets without donor restrictions | $2,193,830 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,343,887 |
Grants Awarded
Over the last fiscal year, Buffalo Place Foundation has awarded $102,203 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
483 MAIN STREET LLC PURPOSE: ELEVATOR IMPROVEMENTS | $40,000 |
Buffalo, NY PURPOSE: EXTERIOR DOORS PROJECT | $23,062 |
Buffalo, NY PURPOSE: VESTIBULE IMPROVEMENTS | $14,842 |
487 MAIN STREET LLC PURPOSE: RESTAURANT EXHAUST HOOD | $9,787 |
NY300 MAIN INVESTORS LLC PURPOSE: PAINTING OF MAIN STEET AND CATHEDRAL PARK FACADES | $7,721 |
Buffalo, NY PURPOSE: BATHROOM IMPROVEMENTS | $6,791 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buffalo Place Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Buffalo Rotary Foundation Inc Buffalo, NY PURPOSE: TO ASSIST WITH THE SEASON LAUNCH 12/6/14. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neo Philanthropy Action Fund Inc New York, NY | $9,329,811 | $21,155,351 |
The Atlantic Advocacy Fund Inc New York, NY | $20,496 | $32,042 |
Justice And Education Fund Inc New York, NY | $2,456,298 | $7,724,323 |
Integrity First For America New York, NY | $2,075,766 | $5,017,665 |
Help From People To People Inc Nanuet, NY | $1,944,472 | $3,899,903 |
Firelight Media Inc New York, NY | $9,388,103 | $5,054,390 |
United For Respect Brooklyn, NY | $4,038,584 | $3,853,685 |
Womens Link Worldwide Inc New York, NY | $4,045,592 | $4,013,798 |
Glens Falls Independent Living Center Inc Queensbury, NY | $1,771,208 | $2,750,058 |
We Are All Human Foundation New York, NY | $644,546 | $2,024,063 |
Standardbred Retirement Foundation Inc Cream Ridge, NJ | $1,981,590 | $2,207,538 |
Coro New York Leadership Center New York, NY | $1,264,232 | $1,726,368 |