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Nonprofit · EIN 99-2147548

BUFFALO PRESCOTT FOUNDATION

Tax-exempt · SOUTHFIELD, MI 48076

Financials

$234K$227K2024
Revenue Expenses · by fiscal year end
Financials of BUFFALO PRESCOTT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$234,422$227,410$7,012$66,119$59,107$7,012
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$228,262
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$6,160
Other revenue
$6,160

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$37,500
Salaries, compensation and benefits (total)
$45,905
Professional fundraising fees
$0
Legal fees
$29,963
Accounting fees
$11,625
Occupancy
$43,971
Travel
$2,117
Program services (functional)
$165,104
Management and general (functional)
$62,306

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$66,119
Total liabilities, end of year
$59,107
Net assets, end of year
$7,012
Land, buildings and equipment
$36,169
Gross receipts
$243,419
Employees
1
Volunteers
0
Year formed
2024
State of legal domicile
MI

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.

NameTitleHours / weekCompensation
LETO RANKINEMANAGING DIRECTOR
Officer
35$37,500
SAMARA FURLONGDIRECTOR
Trustee or director
35$0
REBECCA GROVEDIRECTOR
Trustee or director
10$0
JENNA FERREYDIRECTOR
Trustee or director
10$0

Address and contacts

Address (IRS master file)
TWO TOWNE SQUARE, SOUTHFIELD, MI 48076-3769
In care of
% SAMARA FURLONG
Principal officer (990 for 2024)
SAMARA FURLONG, 480 E PIERCE STREET, BIRMINGHAM, MI 48009
Signed the 990
SAMARA FURLONG, PRESIDENT
Phone
(410) 491-9560
Return prepared by
PLANTE & MORAN PLLC

Mission

BUFFALO PRESCOTT'S MISSION IS TO NURTURE THE GROWTH OF DETROIT'S CONTEMPORARY ART ECOSYSTEM BY PROVIDING DIRECT MATERIAL SUPPORT TO ARTISTS, FOSTERING MULTI-LAYERED INTERACTIONS, AND OFFERING ACCESSIBLE EDUCATIONAL/CULTURAL PROGRAMMING.

990 for the year ended December 31, 2024

Program accomplishments

  • PUBLIC PROGRAMMING IS AIMED AT FILLING THE GAPS IN THE DETROIT ART SCENE, COLLABORATING WITH LOCAL INSTITUTIONS AND CREATIVES, AND OFFERING A PLATFORM AND EXPOSURE FOR DETROIT'S TREMENDOUS WELL OF TALENT.
    Expenses $165,104

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-2147548
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$66,119
Income (IRS master file)
$243,419

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$234,422$227,410$66,119XML

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 99-2147548).

Questions about BUFFALO PRESCOTT FOUNDATION

What is the EIN of BUFFALO PRESCOTT FOUNDATION?
The employer identification number (EIN) of BUFFALO PRESCOTT FOUNDATION is 99-2147548.
Is BUFFALO PRESCOTT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to BUFFALO PRESCOTT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BUFFALO PRESCOTT FOUNDATION 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 BUFFALO PRESCOTT FOUNDATION 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 BUFFALO PRESCOTT FOUNDATION 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 BUFFALO PRESCOTT FOUNDATION?
The 990 for the year ended December 31, 2024 names SAMARA FURLONG.
Who are the officers and directors of BUFFALO PRESCOTT FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $37,500 (LETO RANKINE, MANAGING DIRECTOR).
How much revenue does BUFFALO PRESCOTT FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $234,422, expenses of $227,410 and total assets of $66,119 at year end.

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