First Niagara Foundation
- Assets
- $1.0m
- Revenue
- $24.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 16-1549641
Organization Overview
First Niagara Foundation is located in Buffalo, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Niagara 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 12/2022, First Niagara Foundation generated $24.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (68.1%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, First Niagara Foundation has awarded 417 individual grants totaling $28,980,176. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Crosby President | 0.25 | $0 | |
Ann Segarra Treasurer | 0.25 | $0 | |
Buford Sears Secretary | 0.25 | $0 | |
Trina Evans Director | 0.25 | $0 | |
Gary Quenneville Director | 0.25 | $0 | |
David Zebro Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,943 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,031 |
| Total Revenue | $23,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,077 |
| Printing and publications | $0 |
| Other expenses | $94,357 |
| Total operating and administrative expenses | $98,740 |
| Contributions, gifts, grants paid | $5,053,601 |
| Total expenses and disbursements | $5,152,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,014,173 |
| Savings and temporary cash investments | $357 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,228 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,027,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $150,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,000 |
Grants Awarded
Over the last fiscal year, First Niagara Foundation has awarded $7,363,601 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
716 SQUASH INC PURPOSE: EDUCATION | $20,000 |
ASPIRE OF WESTERN NEW YORK PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
ARTS FOR LEARNING WNY PURPOSE: WORKFORCE DEVELOPMENT | $25,000 |
ASSEMBLY HOUSE 150 PURPOSE: WORKFORCE DEVELOPMENT | $30,000 |
BESTSELF BEHAVIORAL HEALTH INC PURPOSE: COMMUNITY DEVELOPMENT | $50,000 |
BUFFALO ARTS AND TECHNOLOGY CENTER INC PURPOSE: EDUCATION | $250,000 |