2024-05-15T11:45:47-05:00 2023-06-30 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2022-07-01 166037117 BUFFALO STATE COLLEGE FOUNDATION INC BUFF 7168784324 1300 ELMWOOD AVENUE BUFFALO NY 14222 JAMES M FINNERTY EXECUTIVE DIRECTOR 7168784658 2024-05-01 1 JAMES FINNERTY XXX-XX-XXXX 0 SARAH M HOPKINS P02010701 7168563300 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES M FINNERTY 1300 ELMWOOD AVENUE BUFFALO NY 14222 8098185 0 X WWW.BUFFALOSTATE.EDU X 1966 NY TO PROVIDE SUPPORT SERVICES TO THE BUFFALO STATE UNIVERSITY COLLEGE AT BUFFALO AND ITS STUDENTS. 28 28 70 48 -10264 0 7300578 4081126 0 0 5031076 2381788 1095337 729881 13426991 7192795 2145084 2809347 0 0 129785 85399 138153 117484 470127 2435067 2749059 4848089 5761289 8578902 1431506 99437046 101682065 3124297 2911024 96312749 98771041 X TO ADVANCE THE WELFARE AND DEVELOPMENT OF THE STATE UNIVERSITY COLLEGE AT BUFFALO (THE COLLEGE) AND TO SUPPORT ITS GOALS OF EXCELLENCE IN TEACHING AND SCHOLARSHIP, CULTURAL ENRICHMENT AND SERVICE. THE FOUNDATION FURTHERS ITS MISSION BY FOSTERING PRIVATE SECTOR PARTICIPATION IN THE COLLEGE'S ENDEAVORS, PARTICULARLY IN THE AREAS OF PHILANTHROPY AND FUNDRAISING, AND BY PROVIDING VARIOUS SUPPORT SERVICES TO THE COLLEGE. 0 0 5047516 2809347 PROVIDING FINANCIAL ASSISTANCE TO THE COLLEGE AND ITS AFFILIATED ORGANIZATIONS, FACULTY, STAFF AND STUDENTS, INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, FELLOWSHIPS, AND LOANS TO STUDENTS; SUPPORTING RESEARCH PROGRAMS, CONFERENCES, SEMINARS, ART EXHIBITIONS AND CULTURAL EVENTS, ACQUIRING EQUIPMENT FOR EDUCATIONAL AND RESEARCH PROJECTS, LIBRARY HOLDINGS, ART-RELATED AND LITERARY COLLECTIONS, ACADEMIC CHAIRS, ATHLETIC PROGRAMS, THE BUFFALO STATE COLLEGE ALUMNI ASSOCIATION, COLLEGE-COMMUNITY PROGRAMS, FACULTY AND STAFF TRAVEL, COLLEGE-RELATED PUBLICATIONS, CAMPUS BEAUTIFICATION; AND PROVIDING EXPENSE FUNDS FOR COLLEGE OFFICIALS. 5047516 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 70 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JAMES A THOR 7168784658 1300 ELMWOOD AVENUE BUFFALO NY 14222 X JUDY L ELLIOTT CHAIR 1.00 0.50 X X 0 0 0 TRACY A SAWICKI VICE CHAIR 1.00 0.50 X X 0 0 0 NANCY L COX TREASURER 1.00 X X 0 0 0 JAMES J REHAK SECRETARY 1.00 X X 0 0 0 JAMES M FINNERTY EXECUTIVE DIRECTOR 1.00 0.50 X X 0 0 0 C TEO BALBACH DIRECTOR 1.00 0.50 X 0 0 0 MICHAEL BONITATIBUS DIRECTOR 1.00 0.50 X 0 0 0 JAMES BRANDYS DIRECTOR 1.00 X 0 0 0 JODY E BRIANDI DIRECTOR 1.00 X 0 0 0 ROBERT W CHRISTMANN DIRECTOR 1.00 X 0 0 0 BONITA R DURAND DIRECTOR 1.00 X 0 0 0 ANITINA FAREED-COOKE DIRECTOR 1.00 X 0 0 0 KARA HANDZLIK DIRECTOR 1.00 X 0 0 0 JEREMY C HUDSON DIRECTOR 1.00 0.50 X 0 0 0 JAMES E IGLEWSKI DIRECTOR 1.00 X 0 0 0 ROBERT J LAMENDOLA DIRECTOR 1.00 X 0 0 0 STACY LEWIS BEAUFORD DIRECTOR 1.00 X 0 0 0 JAMES P LOMBARDO JR DIRECTOR 1.00 X 0 0 0 ANTHONY NANULA DIRECTOR 1.00 X 0 0 0 ANGELA NICOTERA DIRECTOR 1.00 X 0 0 0 THOMAS T O'BRIEN DIRECTOR 1.00 X 0 0 0 GENE ALEXANDER PETERS DIRECTOR 1.00 X 0 0 0 DANIEL O PROTO DIRECTOR 1.00 X 0 0 0 RAQUEL SCHMIDT DIRECTOR 1.00 X 0 0 0 CELESTINE A SIMMONS DIRECTOR 1.00 X 0 0 0 KENNETH J SODARO DIRECTOR 1.00 X 0 0 0 DAVID TAGGART DIRECTOR 1.00 X 0 0 0 JAMES A THOR DIRECTOR 1.00 X 0 0 0 BENJAMIN M ZUFFRANIERI DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 155292 3925834 1323476 4081126 1461715 1461715 1712875 792802 920073 920073 920073 103528 155292 112588 -9060 -9060 CONTRACT REVENUE 900099 657351 657351 AGENCY FEES 900099 47729 47729 PASS-THRU FROM K-1S 523000 -10264 -10264 44125 44125 738941 7192795 0 -10264 3121933 X 2809347 2809347 77689 77689 165 165 7545 7545 22989 13930 9059 117484 117484 139426 139426 707419 536234 32966 138219 193642 193642 258136 253793 4343 11539 11539 191732 157073 34659 51826 44231 1525 6070 22786 2616 20170 MEALS AND REFRESHMENTS 245917 224901 21016 EQUIPMENT 205866 128104 6449 71313 SUBSCRIPTIONS, DUES AND 102047 71056 30991 SPONSORSHIP AND GIFTS 42915 36090 26 6799 552819 479561 34025 39233 5761289 5047516 243646 470127 5761289 5047516 243646 470127 984832 518578 3992195 5330583 11993582 10934517 170318 142229 311697 242305 24251 13534 79030697 81532488 2929474 2967831 99437046 101682065 855282 806167 2269015 2104857 3124297 2911024 X 15737242 15710321 80575507 83060720 96312749 98771041 99437046 101682065 X 1431506 976969 49817 X X 0 1 X 1 0 X 2124529 4969071 10429303 7472087 4174154 29169144 1374073 1418074 1402188 1364420 1287275 6846030 3498602 6387145 11831491 8836507 5461429 36015174 6537704 29477470 639344 165286 596845 749933 1461715 3613123 598789 606341 537668 887223 749205 3379226 43007523 0.68540 0.79420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONTRACT REVENUE - 2018 AMOUNT: $ 504,082. 2019 AMOUNT: $ 547,495. 2020 AMOUNT: $ 522,606. 2021 AMOUNT: $ 811,511. 2022 AMOUNT: $ 657,351. AGENCY FEES - 2018 AMOUNT: $ 92,663. 2019 AMOUNT: $ 55,757. 2020 AMOUNT: $ 9,053. 2021 AMOUNT: $ 31,740. 2022 AMOUNT: $ 47,729. OTHER REVENUE - 2018 AMOUNT: $ 2,044. 2019 AMOUNT: $ 3,089. 2020 AMOUNT: $ 6,009. 2021 AMOUNT: $ 43,972. 2022 AMOUNT: $ 44,125. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78027775 4211492 2266320 1239286 816832 82449469 77387939 3374872 -696403 1015871 1022762 78027775 54475211 9866070 14993797 924640 1022499 77387939 53508152 2114219 313756 1026684 434232 54159907 50665911 814910 3762964 896267 839366 53508152 0.09980 0.68300 0.21720 0 0 0 EQUITIES 43732144 F FIXED INCOME 21721565 F HEDGE FUNDS 7582386 F REAL ASSETS 8377483 F PRIVATE EQUITY 118910 F 81532488 FUNDS HELD IN TRUST FOR OTHERS 970976 LIABILITY UNDER SPLIT INTEREST AGREEMENTS 384381 REFUNDABLE ADVANCES 749500 2104857 9480018 976969 1287275 39553 2303797 7176221 139426 -122852 16574 7192795 7021726 1287275 112588 1399863 5621863 139426 139426 5761289 PART V, LINE 4: THE BUFFALO STATE COLLEGE FOUNDATION ENDOWMENT FUNDS ARE USED TO SUPPORT STUDENTS THROUGH SCHOLARSHIPS, FELLOWSHIPS, AND AWARDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST 39,553. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASS-THRU FROM K-1S -10,264. SPECIAL EVENTS EXPENSE -112,588. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 112,588. X 1 EAB ADVANCEMENT SERVICES 1920 E PARHAM ROAD RICHMOND VA 23228 MAIL SOLICITATIONS 0 0 117484 -117484 117484 -117484 NY SCHOLARSHIP GALA 197920 118752 79168 26176 61134 ANNUAL GOLF EVENT 60900 36540 24360 7904 16923 258820 155292 103528 34080 78057 112137 -8609 1 SCHOLARSHIPS AND AWARDS 966 2809347 PART I, LINE 2: ANNUAL SCHOLARSHIP AWARDS ARE APPROVED BY MANAGEMENT AND THE BOARD OF DIRECTORS. AWARD ACTIVITY IS DETERMINED IN PART BY DONOR RESTRICTIONS AND IS MONITORED BY MANAGEMENT. X 1 2016 X 2 5300 X 3 1316160 0 0 0 PART I, LINE 33: NO AMOUNTS WERE RECORDED FOR THE MEDICAL SUPPLIES AND FOOD INVENTORY AS THEY DID NOT MEET THE FOUNDATION'S NONCASH CONTRIBUTION GUIDELINES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR THEIR APPROVAL BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A WRITTEN CONFLICT OF INTEREST FORM IS REQUIRED TO BE FILED WITH THE ORGANIZATION WHEN AN INDIVIDUAL BECOMES A BOARD MEMBER. ON AN ANNUAL BASIS WITH THE ELECTION OF THE NEW BOARD MEMBERS THE ORGANIZATION REVISITS ALL RELATIONSHIPS WITH OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO ENSURE THAT NO CONFLICTS OF INTEREST AS DEFINED IN THE WRITTEN POLICY EXIST. IF A POTENTIAL CONFLICT EXISTS, THAT INDIVIDUAL WILL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR OF THE BUFFALO STATE COLLEGE FOUNDATION, INC. IS AN EMPLOYEE OF THE COLLEGE AND HIS SERVICES ARE PROVIDED AT NO COST TO THE ORGANIZATION. THE COLLEGE HAS AN EXECUTIVE COMMITTEE WHICH IS RESPONSIBLE FOR REVIEW AND APPROVAL OF ALL OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 536,234. MANAGEMENT AND GENERAL EXPENSES 32,966. FUNDRAISING EXPENSES 138,219. TOTAL EXPENSES 707,419. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 39,553. PASS-THRU FROM K-1S 10,264. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BUFFALO STATE COLLEGE FOUNDATION HOUSING CORPORATION 1300 ELMWOOD AVENUE CLEV HALL 417 BUFFALO NY 14222 943462623 TO CONSTRUCT AND OPERATE A STUDENT HOUSING COMPLEX NY 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0