Ubf Corporation
- Assets
- $3.4m
- Revenue
- $124.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 09/1976
- Data as of
- 06/2021
- EIN
- 51-0164454
Organization Overview
Ubf Corporation is located in Buffalo, NY. The organization was established in 1976. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ubf Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2021, Ubf Corporation generated $124.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $124.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 6 years. 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
SEE SCHEDULE OTO HOLD TITLE TO, ACQUIRE, SELL, LEASE, AND IMPROVE AND DEVELOP LAND, BUILDINGS, AND OTHER REAL PROPERTY IMPROVEMENTS FOR THE BENEFIT OF SUNY AT BUFFALO AND UBF, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UBF CORP. LEASES A PARCEL OF REAL ESTATE FROM THE STATE OF NEW YORK AND THEN SUBLEASES THIS PROPERTY FOR THE BENEFIT AND IN SUPPORT OF THE UNIVERSITY AT BUFFALO. THE PARCEL IS LOCATED WITHIN THE BOUNDARIES OF THE UNIVERSITY'S AMHERST CAMPUS. THE PARCEL IS CURRENTLY SUBLEASED TO TWO LESSESS. 1 - FOLLETT OPERATES A BOOKSTORE THAT PROVIDES TEXTBOOKS, SUPPLIES, TECH SUPPLIES, AND OTHER NECESSARY EDUCATIONAL PRODUCTS TO UNIVERSITY STUDENTS. 2 - FIRST AMHERST DEVELOPMENT CONSTRUCTED AND OPERATES AN ON-CAMPUS RETAIL COMPLEX, "THE COMMONS," PROVIDING NECESSARY SERVICES AND PRODUCTS TO UNIVERSITY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Powers Chair/director | OfficerTrustee | 1 | $0 |
Edward Schneider Executive Director | Officer | 6 | $0 |
Sheldon Berlow Director | Trustee | 1 | $0 |
Beverly Foit Albert-Cox Director | Trustee | 1 | $0 |
Claudia D Fosket Director | Trustee | 1 | $0 |
Daniel M Hamister Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $124,165 |
| 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 | $124,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,868 |
| 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 | $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 | $750 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,487 |
| 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 | $60 |
| All other expenses | $0 |
| Total functional expenses | $124,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,331,175 |
| Total assets | $3,372,872 |
| Accounts payable and accrued expenses | $79,324 |
| 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 | $858,872 |
| Total liabilities | $938,196 |
| Net assets without donor restrictions | $2,434,676 |
| 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 | $3,372,872 |
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