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Buffalo Place Foundation FY2020 filing

Tax-deductible

Buffalo, NY501(c)(3)Since 1991Civil Rights & Advocacy EIN 16-1393524Revenue $2.1M in FY2020

On file with the IRS671 Main St, 14203-1404 · Buffalo, NYTax-exempt since Dec 1991Publicly supported charity — 170(b)(1)(A)(vi)

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Downtown revitalization.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $182K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$1.4M
To programs
81%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$2.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.9M
FY2022$2.1M
FY2023$1.8M
FY2024$1.9M
FY2025$1.9M
Expenses
$1.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.8M
FY2023$1.9M
FY2024$2.1M
FY2025$1.8M
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$2.0M
FY2023$242K
FY2024−$994
FY2025$83K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.1M Management & general 19% · $264K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
Keith M Belanger
Chairperson
$0Pt VII · Sec A
Anthony J Colucci III
President & Vice Chairman
$0Pt VII · Sec A
Steven J Carmina
Vice President
$0Pt VII · Sec A
Mark F Zeis
Vice President
$0Pt VII · Sec A
Michael T Schmand
Exec. Dir/V.p.(non-Voting)
$0Pt VII · Sec A
$0Pt VII · Sec A
Barbara a Danner
Treasurer (non-Voting)
$0Pt VII · Sec A
$0Pt VII · Sec A
See Buffalo Place Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Maintains and secures downtown Buffalo's Main Street Transit Mall for revitalization.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

The organization performs the maintenance (garbage collection, landscaping, snow removal, etc.) and security functions in a special charge district: the main street transit mall in downtown buffalo, new york.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $451K · 2020–2022
Main Theater Place LP Legacy DevelopmentFY2022$42,357
Mohawk Group LLCFY2022$42,235
Praim110 Pearl LLCFY2022$42,234
New Niagara LLCFY2022$41,834
483 Main Street LLCFY2022$40,220
Ny300 Main Investors LLCFY2022$32,679
Buffalo Urban League INCNY · FY2022$18,770
483 Main Street LLCFY2021$40,000
Alleyway Theatre INCNY · FY2021$23,062
710 Main Street INCNY · FY2021$14,842
487 Main Street LLCFY2021$9,787
Ny300 Main Investors LLCFY2021$7,721
Western New York Book ArtscollaborativeNY · FY2021$6,791
Merchants MutualFY2020$48,519
Jesse Zuefleblackhouse PropertiesFY2020$40,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$649K
Other incomeLn 4–11$29K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$264K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$1.9M
LiabilitiesLn 26$78K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$649K
Government grantsLn 1e$501K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$7K
Other incomeLn 4–11$29K
Gains on assetsLn 7$7K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
Land, buildings, equipmentLn 10c$171K
Other assetsLn 15$1.5M
Total assetsLn 16$1.9M
LiabilitiesLn 26$78K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 521
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$302K$179K
Land, buildings, equipmentLn 10c$136K$171K
Total assetsLn 16$1.2M$1.9M
LiabilitiesLn 26$168K$78K
Net assetsLn 32$1.0M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$89K$89K
Other salaries and wagesLn 7$757K$605K$151K
Other employee benefitsLn 9$112K$90K$22K
Payroll taxesLn 10$75K$60K$15K
Other fees for servicesLn 11g$83K$66K$17K
OccupancyLn 16$20K$16K$4K
TravelLn 17$56$45$11
InsuranceLn 23$117K$94K$23K
Other expenses (24a–d)Ln 24$119K$95K$24K
All other expensesLn 24e$36K$29K$7K
Total functional expensesLn 25$1.4M$1.1M$264K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.8M$84K$83K 990 PDF
FY2024 $1.9M$2.1M−$243K−$994 990 PDF
FY2023 $1.8M$1.9M−$118K$242K 990 PDF
FY2022 $2.1M$1.8M$322K$2.0M 990 PDF
FY2021 $1.9M$1.5M$370K$2.2M 990 PDF
FY2020 Viewing $2.1M$1.4M$675K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,082,138 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $297,369$648,828
I-9 Program service revenuePrior year $1,516,419$1,397,795
I-10 Investment incomePrior year $0$6,770
I-11 Other revenuePrior year $1,920$28,745
I-12 Total revenuePrior year $1,815,708$2,082,138
I-13 Grants and similar amounts paidPrior year $0$88,519
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,170,498$943,294
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $334,648$375,256
I-18 Total expensesPrior year $1,505,146$1,407,069
I-19 Revenue less expensesPrior year $310,562$675,069
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,082,138 across 7 lines filed
VIII-1e Government grants$501,459
VIII-1f All other contributions, gifts and grants$147,369
VIII-1h Total contributions, gifts and grants$648,828
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,397,795$1,397,795
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,770$6,770
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $28,745$28,745
VIII-12 Total revenueRelated to mission $1,397,795 · Unrelated business $0 · Excluded from tax $35,515$2,082,138
Part IX · Statement of functional expenses $1,407,069 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $88,519$88,519
IX-7 Other salaries and wagesPrograms $605,282 · Management $151,321$756,603
IX-9 Other employee benefitsPrograms $89,638 · Management $22,409$112,047
IX-10 Payroll taxesPrograms $59,715 · Management $14,929$74,644
IX-11g Other fees for servicesPrograms $66,273 · Management $16,568$82,841
IX-16 OccupancyPrograms $16,218 · Management $4,054$20,272
IX-17 TravelPrograms $45 · Management $11$56
IX-23 InsurancePrograms $93,579 · Management $23,395$116,974
IX-24 Other expenses (24a–d)Programs $95,096 · Management $23,774$118,870
IX-24e All other expensesPrograms $28,994 · Management $7,249$36,243
IX-25 Total functional expensesPrograms $1,143,359 · Management $263,710 · Fundraising $0$1,407,069
Part X · Balance sheet $1,901,911 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $301,748$179,268
X-4 Accounts receivableStart of year $166,245$18,414
X-9 Prepaid expenses and deferred chargesStart of year $25,207$3,065
X-10c Land, buildings and equipment, netStart of year $136,424$171,190
X-15 Other assetsStart of year $580,045$1,529,974
X-16 Total assetsStart of year $1,209,669$1,901,911
X-17 Accounts payable and accrued expensesStart of year $29,511$76,068
X-19 Deferred revenueStart of year $137,990$1,547
X-26 Total liabilitiesStart of year $167,501$77,615
X-27 Net assets without donor restrictionsStart of year $1,042,168$1,824,296
X-32 Total net assets or fund balancesStart of year $1,042,168$1,824,296
X-33 Total liabilities and net assetsStart of year $1,209,669$1,901,911
Part XI · Reconciliation of net assets $1,824,296 net assets at year end
XI-1 Total revenue$2,082,138
XI-2 Total expenses$1,407,069
XI-3 Revenue less expenses$675,069
XI-4 Net assets at start of year$1,042,168
XI-9 Other changes in net assets$107,059
XI-10 Net assets at end of year$1,824,296

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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