2025-03-20T07:55:04-05:00 2024-06-30 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2023-07-01 825163781 INVEST BUFFALO NIAGARA FOUNDATION INC INVE 7168527100 403 MAIN STREET 600 BUFFALO NY 14203 THOMAS A KUCHARSKI PRESIDENT & CEO 7169169073 2025-03-12 1 0 ROBERT S TORELLA P03156259 7168563300 2025-03-12 2023 2025-03-06 01:10:19Z X THOMAS A KUCHARSKI 403 MAIN STREET 600 BUFFALO NY 14203 221253 0 X N/A X 2018 NY SUPPORT ORGANIZATIONS THAT ADVANCE AND ENCOURAGE ECONOMIC DEVELOPMENT IN WESTERN NEW YORK. 3 3 0 3 0 0 275700 207104 0 0 4264 14149 0 0 279964 221253 275700 42104 0 0 0 0 0 0 0 50 2334 275750 44438 4214 176815 629817 653736 305700 152804 324117 500932 INVEST BUFFALO NIAGARA FOUNDATION, INC. IS A VEHICLE TO SOLICIT CHARITABLE CONTRIBUTIONS TO DEVELOP PROGRAMS, COLLABORATE WITH, AND PROVIDE FUNDING TO ORGANIZATIONS THAT ADVANCE AND ENCOURAGE ECONOMIC DEVELOPMENT IN WESTERN NEW YORK. 0 0 42104 42104 DEVELOP PROGRAMS, COLLABORATE WITH, AND PROVIDE FUNDING TO ORGANIZATIONS THAT ADVANCE AND ENCOURAGE ECONOMIC DEVELOPMENT IN WESTERN NEW YORK. 42104 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 NY X ERIN SINCLAIR 7168527100 403 MAIN STREET SUITE 600 BUFFALO NY 14203 ANTHONY SPADA CHAIR 1.00 1.00 X 0 0 0 PETE PETRELLA TREASURER 1.00 1.00 X 0 0 0 REBECCA GANDOUR SECRETARY 1.00 1.00 X 0 0 0 THOMAS A KUCHARSKI PRESIDENT & CEO 1.00 40.00 X 0 336698 40239 0 336698 40239 0 0 1 0 0 42104 165000 207104 14149 14149 221253 0 0 14149 42104 42104 2334 2334 44438 42104 2334 0 389117 255932 240700 397804 629817 653736 305700 152804 305700 152804 X 274117 500932 50000 0 324117 500932 629817 653736 176815 0 X X 0 1 X 1 0 X 325000 165000 316500 275700 207104 1289304 325000 165000 316500 275700 207104 1289304 957686 331618 102 20 16 4264 14149 18551 1307855 0.25360 0.22970 X INVEST BUFFALO NIAGARA FOUNDATION MEETS THE 10% FACTS AND CIRCUMSTANCES TEST. THE FOUNDATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE COMMUNITY, GOVERNMENTAL UNITS, GENERAL PUBLIC, AND OTHER PUBLIC CHARITIES. THE INVEST BUFFALO NIAGARA FOUNDATION IS A YOUNG FOUNDATION AND DEALT WITH THE RAMIFICATIONS OF COVID-19 IN ITS START UP, WHICH MADE IT DIFFICULT TO SOLICIT AND SECURE DIVERSE SOURCES OF CONTRIBUTIONS AND GRANTS SINCE MANY ORGANIZATIONS WERE NOT ABLE TO CONTRIBUTE DURING THAT UNCERTAIN PERIOD. THE FOUNDATION CONTINUES TO DEVELOP RELATIONSHIPS WITH POTENTIAL DONORS AND TARGETS ITS SOLICITATIONS AND GRANT APPLICATIONS TO ORGANIZATIONS THAT SUPPORT THE PRIMARY EXEMPT ACTIVITY OF THE FOUNDATION, WHICH IS TO SUPPORT ORGANIZATIONS THAT ADVANCE AND ENCOURAGE ECONOMIC DEVELOPMENT IN WESTERN NEW YORK. THE FOUNDATION CURRENTLY HAS APPLICATIONS SUBMITTED FOR SIGNIFICANT GOVERNMENT GRANTS THAT WOULD SUPPORT ECONOMIC DEVELOPMENT INITIATIVES, SPECIALLY RELATED TO THE EMPIRE STATE DEVELOPMENT INTERNATIONAL TRADE DEVELOPMENT PROGRAM AND NYS I-90 TECH HUB CORRIDOR INITIATIVE.THE BOARD OF DIRECTORS REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, AND HAS PROFESSIONALS LEADERS THROUGHOUT ERIE COUNTY, WHICH INCLUDE BUFFALO URBAN DEVELOPMENT CORPORATION, AAA OF WESTERN AND CENTRAL NY, AND HARTER SECREST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 INVEST BUFFALO NIAGARA INC 403 MAIN STREET SUITE 600 BUFFALO NY 14203 161579523 501(C)(6) 42104 0 PROGRAM SUPPORT PART I, LINE 2: EACH INDIVIDUAL GRANT IS CODED WITH A UNIQUE PROJECT CODE IN THE ACCOUNTING SYSTEM FOR TRACKING PURPOSES. ALL RECORDS RELATED TO THE GRANT ARE KEPT IN THE ACCOUNTING FILES AND RETAINED FOR A MINIMUM OF 7 YEARS OR AS SPECIFIED IN GRANT REGULATIONS AND/OR ANY LEGAL REQUIREMENTS. 0 1 0 0 0 0 0 0 0 THOMAS A KUCHARSKI PRESIDENT & CEO 0 300000 0 34500 0 2198 0 26835 0 13404 0 376937 0 0 PART I, LINE 4B THE PRESIDENT PARTICIPATES IN A 457(B) PLAN BY INVEST BUFFALO NIAGARA, INC., A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 THOMAS KUCHARSKI AND ANTHONY SPADA - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ELECT THE OFFICERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ACTION OF THE OFFICERS ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AN IN-DEPTH REVIEW OF THE FORM 990 IS DONE BY MANAGEMENT OF IBN. ONCE THE REVIEW IS COMPELTED, THE FORM 990 IS THEN REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INVEST BUFFALO NIAGARA FOUNDATION, INC. HAS A POLICY IN PLACE THAT IS INTENDED TO PROVIDE GUIDANCE FOR THE BOARD AND FOR INDIVIDUAL DIRECTORS IN CASES WHERE REAL, APPARENT, OR POTENTIAL CONFLICT OF INTEREST MAY ARISE. IT IS THE RESPONSIBILITY OF EACH DIRECTOR TO IMMEDIATELY DISCLOSE IN WRITING TO THE CHAIR OF THE BOARD OF DIRECTORS THE EXISTENCE OF ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF INVEST BUFFALO NIAGARA FOUNDATION ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. INVEST BUFFALO NIAGARA INC 403 MAIN STREET SUITE 600 BUFFALO NY 14203 161579523 ECONOMIC DEVELOPMENT NY 501(C)(6) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 INVEST BUFFALO NIAGARA INC B 42104 FMV