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Wned Foundation INC

Tax-deductible

Buffalo, NY501(c)(3)EducationEIN 16-1613963

To raise and invest funds to support the mission of wny public broadcasting association.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $914K a year · 39% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $92K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+63% vs prior year
Spent
$1.4M
To programs
89%
Net assets
$29.9M
By yearFY2020–FY2025
Revenue
$3.1M
FY2025▲ +63%
Revenue by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$3.7M
FY2023$1.5M
FY2024$1.9M
FY2025$3.1M
Expenses
$1.4M
FY2025▲ +0.8%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.6M
FY2023$1.5M
FY2024$1.4M
FY2025$1.4M
Net assets
$29.9M
FY2025▲ +10%
Net assets by fiscal year
FY2020$24.3M
FY2021$29.0M
FY2022$25.4M
FY2023$25.9M
FY2024$27.3M
FY2025$29.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2002.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.3M Management & general 11% · $150K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Dennis Penman
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
John Reinhold
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
David Desmon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wned Foundation INC 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

Invests funds to support public broadcasting in Western New York.

Provided by the organization

This section is blank until Wned Foundation INC claims this page.

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

The foundation's activities consist of building, investing, and managing one or more funds for the benefit of western new york public broadcasting association and providing financial support for its operations and activities.

$1.3Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Community Foundation for Greater Buffalo INCFY2024$87K
Children's Foundation of Erie County INCFY2024$5K
Total grants receivedfrom 2 funders$92K
Grants paid · 6 grants · $7.6M · 2019–2024
Western New York Public Broadcasting AssociationNY · FY2024$1,275,000
Western New York Public Broadcasting AssociationNY · FY2023$1,254,750
Western New York Public Broadcasting AssociationNY · FY2022$1,293,225
Western New York Public Broadcasting AssociationNY · FY2021$1,397,650
Western New York Public Broadcasting AssociationNY · FY2020$1,267,737
Western New York Public Broadcasting AssociationNY · FY2019$1,084,500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.1M
Ln 12
Investment incomeLn 3$3.0M
Gifts and grantsLn 1h$165K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$150K
Owns and owesPt X
$29.9M
net assets · Ln 32
Cash and savingsLn 1–2$351K
Total assetsLn 16$29.9M
LiabilitiesLn 26$40K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$165K
Investment incomeLn 3$3.0M
Gains on assetsLn 7$2.1M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
SavingsLn 2$351K
Cash and savings togetherLn 1–2$351K
InvestmentsLn 11–13$27.9M
Land, buildings, equipmentLn 10c$745K
Other assetsLn 15$676K
Total assetsLn 16$29.9M
LiabilitiesLn 26$40K
Net assetsLn 32$29.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$350K$351K
InvestmentsLn 11–13$25.8M$27.9M
Land, buildings, equipmentLn 10c$268K$745K
Total assetsLn 16$27.3M$29.9M
LiabilitiesLn 26$30K$40K
Net assetsLn 32$27.3M$29.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Investment management feesLn 11f$127K$127K
Other fees for servicesLn 11g$4K$4K
Depreciation, depletion and amortizationLn 22$14K$14K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$1.4M$1.3M$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.1M$1.4M$1.7M$29.9M 990 PDF
FY2024 $1.9M$1.4M$521K$27.3M 990 PDF
FY2023 $1.5M$1.5M$58K$25.9M 990 PDF
FY2022 $3.7M$1.6M$2.1M$25.4M 990 PDF
FY2021 $2.1M$1.5M$695K$29.0M 990 PDF
FY2020 $1.7M$1.3M$376K$24.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $3,149,286 across 5 lines filed
VIII-1f All other contributions, gifts and grants$164,971
VIII-1h Total contributions, gifts and grants$164,971
VIII-3 Investment incomeExcluded from tax $841,494$841,494
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,142,821$2,142,821
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,984,315$3,149,286
Part IX · Statement of functional expenses $1,425,500 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $1,275,000$1,275,000
IX-11f Investment management feesManagement $126,955$126,955
IX-11g Other fees for servicesManagement $4,400$4,400
IX-22 Depreciation, depletion and amortizationManagement $14,444$14,444
IX-24e All other expensesManagement $4,701$4,701
IX-25 Total functional expensesPrograms $1,275,000 · Management $150,500 · Fundraising $0$1,425,500
Part X · Balance sheet $29,912,843 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $350,425$351,332
X-3 Pledges and grants receivableStart of year $126,632$193,709
X-10c Land, buildings and equipment, netStart of year $267,577$744,770
X-11 Publicly traded securitiesStart of year $22,966,004$24,288,026
X-12 Other securitiesStart of year $2,793,679$3,659,436
X-15 Other assetsStart of year $780,620$675,570
X-16 Total assetsStart of year $27,284,937$29,912,843
X-17 Accounts payable and accrued expensesStart of year $30,500$39,740
X-26 Total liabilitiesStart of year $30,500$39,740
X-27 Net assets without donor restrictionsStart of year $25,922,747$28,171,697
X-28 Net assets with donor restrictionsStart of year $1,331,690$1,701,406
X-32 Total net assets or fund balancesStart of year $27,254,437$29,873,103
X-33 Total liabilities and net assetsStart of year $27,284,937$29,912,843
Part XI · Reconciliation of net assets $29,873,103 net assets at year end
XI-1 Total revenue$3,149,286
XI-2 Total expenses$1,425,500
XI-3 Revenue less expenses$1,723,786
XI-4 Net assets at start of year$27,254,437
XI-5 Net unrealized gains (losses) on investments$894,880
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,873,103

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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