Buffalo 2020 Development Corporation
- Assets
- $7.5m
- Revenue
- $492.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 10/2011
- Data as of
- 06/2024
- EIN
- 27-0980233
Organization Overview
Buffalo 2020 Development Corporation is located in Buffalo, NY. The organization was established in 2011. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo 2020 Development Corporation 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 06/2024, Buffalo 2020 Development Corporation generated $492.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $399.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Venu Govindaraju President | 0.5 | $0 | |
Robert Haelen Director | 0.5 | $0 | |
Satish Tripathi Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $252,575 |
| 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 | $0 |
| Total Revenue | $492,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,265 |
| Contributions, gifts, grants paid | $365,210 |
| Total expenses and disbursements | $399,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,961 |
| Savings and temporary cash investments | $7,144,392 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,515,353 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Buffalo 2020 Development Corporation has awarded $833,249 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UB FOUNDATION PURPOSE: AAA | $424,070 |
UB FOUNDATION PURPOSE: AAA | $409,179 |