Nonprofit · EIN 87-2553620
716 FOUNDATION INC
Also known as 716 FOUNDATION
Tax-exempt · BUFFALO, NY 14209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $125,962 | $95,795 | $30,167 | $85,623 | $0 | $85,623 |
| December 31, 2023 | 990 | $3,350 | $148,387 | -$145,037 | $55,456 | $0 | $55,456 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $125,962
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $75,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,989
- Depreciation
- $608
- Program services (functional)
- $75,500
- Management and general (functional)
- $20,295
Balance sheet and other
- Total assets, start of year
- $55,456
- Total assets, end of year
- $85,623
- Total liabilities, end of year
- $0
- Net assets, end of year
- $85,623
- Gross receipts
- $125,962
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AARON STAHURA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD KRESCONKO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ABIGAIL GREGORY | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSHUA LIPPES | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARTIN SZYMANSKI | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA ASSAD | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA FEINE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA LIPPES | SECRETARY Trustee or director, Officer | 1 | $3,813 |
| AARON STAHURA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD KRESCONKO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ABIGAIL GREGORY | TREASURER Trustee or director, Officer | 1 | $0 |
| MARTIN SZYMANSKI | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA ASSAD | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA FEINE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1109 DELAWARE AVENUE, BUFFALO, NY 14209-1660
- In care of
- % JOSHUA LIPPES
- Principal officer (990 for 2024)
- AARON STAHURA, 1109 DELAWARE AVENUE, BUFFALO, NY 142091660
- Signed the 990
- AARON STAHURA, PRESIDENT
- Phone
- (716) 884-4800
- Website
- 716FOUNDATION.ORG
- Return prepared by
- EFPR GROUP CPAS PLLC
Mission
TO PROVIDE MINORITY, AT-RISK, UNDERPRIVELEGED OR SPECIAL NEEDS CHILDREN AND THEIR FAMILIES EDUCATIONAL OPPORTUNITIES AND EXPERIENCES AT WESTERN NY'S ART, CULTURAL, SCIENTIFIC, SPORTS AND ENTERTAINMENT INSTITUTIONS LOCATED WITHIN ERIE AND NIAGARA COUNTY, NEW YORK.
Program accomplishments
- GRANT FUNDS WERE USED TO PROVIDE FREE ADMISSION TICKETS TO MINORITY, AT-RISK, UNDERPRIVELEGED OR SPECIAL NEEDS CHILDREN, TO THE ZOO, MUSEUMS, AND CRADLE BEACH INC. THE FOUNDAITON SPONSORES FAMILY ART FEST, A FREE EVENT, THAT INTEGRATES ARTS INTO THE COMMUNITY. THE EVENT AVERAGES AROUND 500 CHILDREN, MOST OF WHOM ARE OF UNDERPRIVILEGED/ MINORITY BACKGROUND. THE FOUNDATION ALSO FACILITATED THE DONATION TO CRADLE BEACH INC FOR RENOVATIONS TO THE CHILDREN'S BASKETBALL COURTS TO SUPPORT THE CAMPERS OF CRADLE BEACH WHO ARE OF MINORITY, AT RISK, UNDERPRIVILEGED OR SPECIAL NEEDS.Expenses $75,500 · grants $75,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2553620
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $85,623
- Income (IRS master file)
- $125,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $125,962 | $95,795 | $85,623 | XML |
| 990 | December 2023 | $3,350 | $148,387 | $55,456 | XML |
| 990 | December 2022 | $100,400 | $78,878 | $200,493 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2553620).
Questions about 716 FOUNDATION INC
- What is the EIN of 716 FOUNDATION INC?
- The employer identification number (EIN) of 716 FOUNDATION INC is 87-2553620.
- Is 716 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to 716 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 716 FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 716 FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 716 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 716 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names AARON STAHURA.
- Who are the officers and directors of 716 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does 716 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $125,962, expenses of $95,795 and total assets of $85,623 at year end.
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