43north Foundation INC: FY2022 Nonprofit Profile & Form 990 (EIN 86-1647131)

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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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 15aNo

Programs and updates

Invests in organizations, ideas, and innovation to foster economic growth and technological advancement in Buffalo.

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1 program · $115K · in their own filed words · FY2022

01

Make buffalo the beacon of technological innocation and economic growth.

$115Kprogram expense

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 · FY2021

43north Bpc INCFY2021$3.5M

Total grants receivedfrom 1 funder$3.5M

Grants paid · 2 grants · $12K · 2022–2022

Impellent Ventures LLCFY2022$10,000

Buffalo Prep INCNY · FY2022$2,500

By the numbers

The FY2022 990, line by line.

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1The main four

Money inPt VIII

$831K

Ln 12

Investment incomeLn 3$831K

Money outPt IX

$156K

Ln 25

Programscol B$115K

Managementcol C$41K

Owns and owesPt X

$47.2M

net assets · Ln 32

Cash and savingsLn 1–2$859K

Total assetsLn 16$47.2M

LiabilitiesLn 26$18K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$831K

Total revenueLn 12$831K

Assets in detailPt X, end of year

CashLn 1$859K

Cash and savings togetherLn 1–2$859K

InvestmentsLn 11–13$46.4M

Total assetsLn 16$47.2M

LiabilitiesLn 26$18K

Net assetsLn 32$47.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$955K	$859K
InvestmentsLn 11–13	$66.5M	$46.4M
Total assetsLn 16	$67.4M	$47.2M
LiabilitiesLn 26	$0	$18K
Net assetsLn 32	$67.4M	$47.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$12K	$12K
Legal feesLn 11b	$41K		$41K
Other fees for servicesLn 11g	$103K	$103K
Total functional expensesLn 25	$156K	$115K	$41K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$3.4M	$258K	$3.1M	$61.1M	990 PDF
FY2023	$318K	$1.1M	−$747K	$57.4M	990 PDF
FY2022 Viewing	$831K	$156K	$675K	$47.2M	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 FY2022 990 (6 parts)

Part I · Summary $830,910 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $44,138,661$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $12,249,338$830,910

I-11 Other revenuePrior year $96,205$0

I-12 Total revenuePrior year $56,484,204$830,910

I-13 Grants and similar amounts paidPrior year $0$12,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $63,777$143,449

I-18 Total expensesPrior year $63,777$155,949

I-19 Revenue less expensesPrior year $56,420,427$674,961

Part VI · Governance 5 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $830,910 across 2 lines filed

VIII-3 Investment incomeExcluded from tax $830,910$830,910

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $830,910$830,910

Part IX · Statement of functional expenses $155,949 across 3 lines filed

IX-1 Grants to domestic organizationsPrograms $12,500$12,500

IX-11b Legal feesManagement $40,828$40,828

IX-11g Other fees for servicesPrograms $102,621$102,621

IX-25 Total functional expensesPrograms $115,121 · Management $40,828 · Fundraising $0$155,949

Part X · Balance sheet $47,245,822 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $954,525$859,260

X-11 Publicly traded securitiesStart of year $66,450,331$46,386,562

X-16 Total assetsStart of year $67,404,856$47,245,822

X-17 Accounts payable and accrued expensesStart of year $0$18,000

X-26 Total liabilitiesStart of year $0$18,000

X-27 Net assets without donor restrictionsStart of year $67,404,856$47,227,822

X-32 Total net assets or fund balancesStart of year $67,404,856$47,227,822

X-33 Total liabilities and net assetsStart of year $67,404,856$47,245,822

Part XI · Reconciliation of net assets $47,227,822 net assets at year end

XI-1 Total revenue$830,910

XI-2 Total expenses$155,949

XI-3 Revenue less expenses$674,961

XI-4 Net assets at start of year$67,404,856

XI-5 Net unrealized gains (losses) on investments−$20,851,995

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$47,227,822

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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43north Foundation INC FY2022 filing

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Compensation history total reportable pay by year · 1 named individual · Part VII