Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1974.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
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
14 people listed on the 990; $182K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Michael T Schmand | $211,902 | $161,974 | $182,497 | $184,038 | $181,756 | $178,645 |
| W Morgan Smith | $111,145 | — | — | — | — | — |
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.
See Buffalo Place INC executive salaries →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
Revitalizes Buffalo's downtown area through community development and economic growth initiatives.
Questions for Buffalo Place INC
Your first name shows with your question. Buffalo Place INC answers here, for everyone.
Maintenance and promotion of the special charge district in downtown buffalo, new york, and participation in other downtown development projects.
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7363788) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $342K | $500K |
| Land, buildings, equipmentLn 10c | $50K | $42K |
| Total assetsLn 16 | $443K | $657K |
| LiabilitiesLn 26 | $1.6M | $168K |
| Net assetsLn 32 | −$1.2M | $489K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $182K | $146K | $36K | |
| Other salaries and wagesLn 7 | $190K | $152K | $38K | |
| Other employee benefitsLn 9 | $60K | $48K | $12K | |
| Other fees for servicesLn 11g | $17K | $14K | $3K | |
| Office expensesLn 13 | $20K | $16K | $4K | |
| Information technologyLn 14 | $16K | $12K | $3K | |
| OccupancyLn 16 | $69K | $55K | $14K | |
| TravelLn 17 | $2K | $2K | $399 | |
| Depreciation, depletion and amortizationLn 22 | $6K | $5K | $1K | |
| InsuranceLn 23 | $12K | $10K | $2K | |
| Other expenses (24a–d)Ln 24 | $245K | $196K | $49K | |
| All other expensesLn 24e | $1K | $1K | $261 | |
| Total functional expensesLn 25 | $821K | $657K | $164K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jun 30, 2026 | $1.0M | $1.2M | −$170K | $532K | 990 PDF |
| FY2024Filed with the IRS Jun 4, 2025 | $1.2M | $1.0M | $213K | $702K | 990 PDF |
| FY2023 ViewingFiled with the IRS Aug 26, 2024 | $874K | $821K | $53K | $489K | 990 PDF |
| FY2022Filed with the IRS Oct 18, 2023 | $759K | $1.2M | −$436K | −$1.2M | 990 PDF |
| FY2021Filed with the IRS Aug 9, 2022 | $715K | $1.1M | −$339K | −$1.3M | 990 PDF |
| FY2020Filed with the IRS Jul 27, 2021 | $623K | $934K | −$311K | −$946K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $874,155 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 2 to look at
Part VIII · Statement of revenue $874,155 across 7 lines filed
Part IX · Statement of functional expenses $820,671 across 12 lines filed
Part X · Balance sheet $657,304 assets, 11 lines filed
Part XI · Reconciliation of net assets $488,835 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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