Ub Associates INC EIN 16-1559460

Ub Associates INC

EIN  16-1559460 Supporting organization Buffalo, NY Founded 1998
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/21/26 · see original filing: IRS
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Size
$10–100M
What they do
Provides administrative, financial, and legal support services to the SUNY Buffalo medical school and its affiliated faculty clinical practice groups.
Leadership
James P Mills · Chief Business Officer · $331K
Money in and out
$12.4M revenue, $13.0M expenses
Bottom line
-5% net inflow

Provides administrative, financial, and legal support services to the SUNY Buffalo medical school and its affiliated faculty clinical practice groups. For fiscal year 2025 it reported $12.4M in revenue, $13.0M in expenses, and $1.7M in net assets.Pt I

Money in and out · FY2025
Total revenue
$12.4M
Pt VIII · Ln 12
Total expenses
$13.0M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$575K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Net inflow
-5%
revenue over expenses, this year▼ -455% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
95%
of expenses reach stated programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$12.4M
FY2025▲ +5%
Expenses
$13.0M
FY2025▲ +11%
Total assets
$58.2M
FY2025▲ +4%
Total liabilities
$56.6M
FY2025▲ +5%
Total revenue
$12.4M
Pt VIII · Ln 12
Total expenses
$13.0M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$575K
Total assetsPt X · Ln 16$58.2M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $12.4M of program spending, described in the organization's own filed words · FY2025.
01

Provide administrative support to the jacobs school of medicine at the state university of new york at buffalo and the faculty practice corporations affiliated with the medical school. These services include centralized budgeting, cash management, contracting, accounting, group purchasing, contracted legal service, compliance audit…

$12.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUb Associates INC
EINHdr · item D16-1559460
Principal addressHdr · item CBuffalo, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1998
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B020)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Business Officer
$330,750Pt VII · Sec A
Director of Operations
$162,926Pt VII · Sec A
Treasurer/Executive Director
$136,385Pt VII · Sec A
Chief Financial Officer
$128,809Pt VII · Sec A
$112,287Pt VII · Sec A
Clinical Systems Analyst
$107,551Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

James P Mills’s $331K as Chief Business Officer is at the 70th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James P Mills$330,750$173,452
Kevin Gibbons MD$225,000$225,000$225,000$214,019
Katie L Rossi$162,926
Robert McCormack MD$136,385$131,539
Ben Johnson$128,809
Jonathan D Baer$112,287
Robert J Colpoys$107,551

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$12.0M · 97%
Investment income$376K · 3%
Program service revenue97%$12.0M
Investment income3%$376K
Other revenue$4K
Total revenueLn 12$12.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$12.4M
Management & general5%$644K
Total functional expensesLn 25$13.0M

Balance Sheet

Part X · end of year
CashLn 1$969K
Total assetsLn 16$58.2M
Total liabilitiesLn 26$56.6M
Total net assetsLn 32$1.7M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $13.0M
1.3 months
Where the money goes
Program services
Program services $12.4M · Total expenses $13.0M
95%
Management & General
Management & general $644K · Total expenses $13.0M
5%
Fundraising
Fundraising $0 · Total expenses $13.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $12.4M
0%
Government reliance
Government grants — · Total revenue $12.4M
Earned-income share
Program service revenue $12.0M · Total revenue $12.4M
97%
Investment reliance
Investment income $376K · Total revenue $12.4M
+3%
Program self-sufficiency
Program service revenue $12.0M · Total expenses $13.0M
93%
Growth & trend
Revenue growth (YoY)
This year $12.4M · Prior year $11.9M
+5%
Revenue CAGR
FY2020 $10.8M · FY2025 $12.4M
+3%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12.4M · Expenses $13.0M
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $58.2M
Net-asset ratio
Net assets $1.7M · Total assets $58.2M
3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $447K · Total assets (Pt X, ln 16) $58.2M
1%
People & payroll
Highest Reported Total Compensation
Individual James P Mills · Reported title CHIEF BUSINESS OFFICER · Highest reported compensation $331K · Total expenses $13.0M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.6M · Total expenses $13.0M
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$12.4M revenue · viewing · ⤓ 990 PDF
FY2024$11.9M revenue · ⤓ 990 PDF
FY2023$11.4M revenue · ⤓ 990 PDF
FY2022$10.8M revenue · ⤓ 990 PDF
FY2021$9.7M revenue · ⤓ 990 PDF
FY2020$10.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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