U B Foundation Activities Inc
- Assets
- $144.8m
- Revenue
- $102.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Buffalo, NY
- Founding
- 01/1991
- Data as of
- 06/2021
- EIN
- 16-1372561
Organization Overview
U B Foundation Activities Inc is located in Buffalo, NY. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, U B Foundation Activities Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U B Foundation Activities Inc 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 06/2021, U B Foundation Activities Inc generated $102.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $108.8m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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.
Since 2014, U B Foundation Activities Inc has awarded 60 individual grants totaling $28,715,882. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE ORGANIZATION ADMINISTERS NUMEROUS PROGRAMS IN SUPPORT OF THE UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK TO SUPPORT ITS EDUCATIONAL MISSION. THESE PROGRAMS INCLUDE CONTINUING EDUCATION, CENTER FOR THE ARTS, AND STUDENT ORIENTATION.
THE FACULTY PRACTICE PLAN INCLUDES MORE THAN 450 PHYSICIANS WHO ARE ALSO PROFESSORS AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES. AS PROFESSORS THEY CONDUCT HANDS-ON RESEARCH AND TEACH CLASSES AT THE SCHOOL OF MEDICINE AND PLAY A SIGNIFICANT ROLE IN ACCOMPLISHING THE UNIVERSITY'S EDUCATIONAL PURPOSE. THE ORGANIZATION FURTHERS ITS EXEMPT PURPOSE BY PROVIDING ADMINISTRATIVE SUPPORT TO THIS ACTIVITY.
UNIFORM DATA SYSTEM FOR MEDICAL REHABILITATION OFFERS ITS SUBSCRIBERS A WIDE RANGE OF SERVICES AND TOOLS THAT ENABLE THEM TO DOCUMENT THE SEVERITY OF PATIENT DISABILITY AND THE RESULTS OF MEDICAL REHABILITATION IN A UNIFORM WAY. ESTABLISHING A COMMON LANGUAGE PROMOTES COMMUNICATION ABOUT DISABILITY ACROSS DISCIPLINES AND PROVIDES A BASIS FOR COMPARISON OF REHABILITATION OUTCOMES. THE PROGRAM SUPPORTS BOTH IMPORTANT EDUCATION AND RESEARCH AND CONTRIBUTES SIGNIFICANTLY TO THE EXEMPT PURPOSES OF BOTH THE ORGANIZATION AND THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Schneider Executive Director | Officer | 20 | $246,674 |
Richard J Kustich Senior Director Of Operations | 30 | $144,946 | |
Elaine C Schaffer Senior Director Of Financial Services | 30 | $144,295 | |
Christopher Decker Senior Director Of Administration | 30 | $116,519 | |
Eileen Silvers Chair | OfficerTrustee | 1 | $0 |
Gregory Bauer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vineyard Solutions Technology Service | 6/29/21 | $570,105 |
Short's Travel Management Inc Travel Management | 6/29/21 | $430,580 |
Quackenbush Co Inc Contractor | 6/29/21 | $404,328 |
Acgme Accreditation Council | 6/29/21 | $343,900 |
Dell Marketing Lp Technology Service | 6/29/21 | $383,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $59,520,494 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,084,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,604,775 |
| Total Program Service Revenue | $39,575,737 |
| Investment income | $822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,000,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $140,185 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,321,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,756,146 |
| Grants and other assistance to domestic individuals. | $23,467,268 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $322,628 |
| Compensation of current officers, directors, key employees. | $322,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,633,829 |
| Pension plan accruals and contributions | $171,802 |
| Other employee benefits | $634,241 |
| Payroll taxes | $475,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $601,236 |
| Fees for services: Accounting | $384,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,671 |
| Fees for services: Other | $13,495,122 |
| Advertising and promotion | $134,962 |
| Office expenses | $3,717,559 |
| Information technology | $3,148,164 |
| Royalties | $0 |
| Occupancy | $1,809,470 |
| Travel | $1,033,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $508,513 |
| Interest | $6,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,681 |
| Insurance | $274,265 |
| All other expenses | $1,979,091 |
| Total functional expenses | $108,793,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,586,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,224,196 |
| 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 | $0 |
| Net Land, buildings, and equipment | $185,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,845,361 |
| Total assets | $144,841,745 |
| Accounts payable and accrued expenses | $13,533,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,012,244 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,886,705 |
| Other liabilities | $4,447,861 |
| Total liabilities | $25,880,207 |
| Net assets without donor restrictions | $118,961,538 |
| 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 | $144,841,745 |
Grants Awarded
Over the last fiscal year, U B Foundation Activities Inc has awarded $10,712,503 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: SUPPORT | $10,000,000 |
Buffalo, NY PURPOSE: SUPPORT | $272,395 |
UNIVERSITY AT BUFFALO PURPOSE: SUPPORT | $230,217 |
Buffalo, NY PURPOSE: SUPPORT | $111,715 |
Buffalo, NY PURPOSE: SUPPORT | $68,176 |
Wayne, NJ PURPOSE: SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that U B Foundation Activities Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nyc School Support Services Inc New York, NY | $89,153,904 | $637,449,387 |
Jefferson University Physicians Philadelphia, PA | $187,548,071 | $476,809,687 |
Research Foundation Of The City University Of New York New York, NY | $439,317,076 | $501,643,850 |
Harvard Management Private Equity Corporation Boston, MA | $50,439,258,807 | $2,446,321,053 |
New York University In Abu Dhabi Corporation New York, NY | $8,480,173 | $220,364,326 |
Rutgers University Foundation New Brunswick, NJ | $149,036,870 | $173,496,480 |
Wilkes University Wilkes Barre, PA | $232,735,413 | $139,424,489 |
U B Foundation Activities Inc Buffalo, NY | $144,841,745 | $102,321,519 |
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |