Buffalo Sabres Foundation
- Assets
- $633.3k
- Revenue
- $899.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 16-1478403
Organization Overview
Buffalo Sabres Foundation is located in Buffalo, NY. The organization was established in 1995. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Sabres 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 Sabres Foundation generated $899.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $707.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Buffalo Sabres Foundation has awarded 157 individual grants totaling $6,346,744. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STIMULATE, SUPPORT AND ENCOURAGE ORGANIZATIONS THAT SERVE WESTERN NEW YORK WHICH ARE COMMITTED TO YOUTH HOCKEY INITIATIVES; THE HEALTH, WELLNESS AND EDUCATION OF UNDERPRIVILEGED / DISADVANTAGED YOUTH AND MILITARY PERSONNEL; AND PHYSICALLY AND MENTALLY CHALLENGED ATHLETES, BY PROVIDING FINANCIAL GENEROSITY AND OTHER PLATFORMS FOR THEIR ENDEAVORS. THROUGH SUCH SUPPORT THESE ORGANIZATIONS WILL REALIZE THEIR HIGHEST POTENTIAL, THEREBY ALLOWING THEIR MEMBERS TO GAIN THE CONFIDENCE AND INTEGRITY NECESSARY TO SUCCEED IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STIMULATED, SUPPORTED AND ENCOURAGED ORGANIZATIONS THAT SERVE WESTERN NEW YORK WHICH ARE COMMITTED TO YOUTH HOCKEY INITIATIVES; THE HEALTH, WELLNESS AND EDUCATION OF UNDERPRIVILEGED / DISADVANTAGED YOUTH AND MILITARY PERSONNEL; AND PHYSICALLY AND MENTALLY CHALLENGED ATHLETES, BY PROVIDING FINANCIAL GENEROSITY AND OTHER PLATFORMS FOR THEIR ENDEAVORS. THROUGH SUCH SUPPORT THESE ORGANIZATIONS WILL REALIZE THEIR HIGHEST POTENTIAL, THEREBY ALLOWING THEIR MEMBERS TO GAIN THE CONFIDENCE AND INTEGRITY NECESSARY TO SUCCEED IN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Jureller Board Member/president | OfficerTrustee | 1 | $0 |
Kyle Allen Board Member/treasurer | OfficerTrustee | 1 | $0 |
David Zygaj Board Member/secretary | OfficerTrustee | 1 | $0 |
Laurel A Dibrog Board Member | Trustee | 1 | $0 |
Alphonso O'neil-White Board Member | Trustee | 1 | $0 |
Kevin Reilly Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,080 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,154 |
| Total Program Service Revenue | $0 |
| 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 | $369,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $899,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $617,356 |
| Grants and other assistance to domestic individuals. | $13,604 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $707,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,416 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $633,341 |
| Accounts payable and accrued expenses | $200,363 |
| Grants payable | $0 |
| Deferred revenue | $18,920 |
| 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 | $219,283 |
| Net assets without donor restrictions | $137,208 |
| Net assets with donor restrictions | $276,850 |
| 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 | $633,341 |
Grants Awarded
Over the last fiscal year, Buffalo Sabres Foundation has awarded $387,275 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Island, NY PURPOSE: GENERAL ASSISTANCE | $166,667 |
Buffalo, NY PURPOSE: GENERAL ASSISTANCE | $68,971 |
Boston, MA PURPOSE: GENERAL ASSISTANCE | $50,000 |
RESOURCE COUNCIL OF WNY INC PURPOSE: GRANT PASSTHROUGH | $20,000 |
Buffalo, NY PURPOSE: GENERAL ASSISTANCE | $15,000 |
Buffalo, NY PURPOSE: GENERAL ASSISTANCE | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buffalo Sabres Foundation has recieved totaling $353,000.
| Awarding Organization | Amount |
|---|---|
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT STAFFING AND CAPITAL IMPROVEMENTS AT A COMMUNITY CENTER ON THE EAST SIDE OF BUFFALO. | $350,000 |
Oliver C Hamister And Julia L Hamister Family Foundation Inc Buffalo, NY PURPOSE: GENERAL PURPOSE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lets Grow Kids Inc Middlebury, VT | $13,471,171 | $6,662,036 |
Summer Camp Opportunities Promote Education Inc Astoria, NY | $2,178,412 | $1,193,095 |
Youth Foundation Inc New York, NY | $10,787,193 | $1,768,490 |
Children And Screens-Institute Of Digital Media And Child Developmen Jericho, NY | $4,602,497 | $2,120,604 |
Buffalo Sabres Foundation Buffalo, NY | $633,341 | $899,798 |
Joseph Tse Foundation A New Jersey Nonprofit Corporation Glen Rock, NJ | $3,861,723 | $4,134,009 |
Hm Sarij Family Foundation Inc Deer Park, NY | $3,225,960 | $1,832,873 |
Hugh Obrian Youth Leadership Latham, NY | $134,625 | $0 |
Kids Club Of Tarrytown & Sleepy Hollow Inc Tarrytown, NY | $204,713 | $0 |
Friends Of Hudson Youth Inc Hudson, NY | $157,295 | $198,282 |
Confikids Inc Foxboro, MA | $119,657 | $0 |
Ymca Youth Foundation Of The Central Atlantic Area Asbury Park, NJ | $1,608,193 | $85,480 |