Civic Intelligence

University at Buffalo Foundation Incubator Inc.

990 • Fiscal year 2024 • EIN 16-1301210

Jul 01, 2023 to Jun 30, 2024 • Filed on May 08, 2025

Organization ProfileWWW.UBFOUNDATION.BUFFALO.EDU
Box 900Buffalo, NY 14226-0900

(716) 645-3011

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.15x

Higher debt load relative to assets than 60% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.31x

Higher debt load relative to revenue than 75% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

5.1%

Higher net margin than 53% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$430,050

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 68.4% of source-year revenue.

2024 filings • NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

35th percentile

-1.1%

Faster asset growth than 35% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$1,276,381

Down $14,661 (-1.1%) from 2023

Net Assets

Up

$1,079,400

Up $32,321 (+3.1%) from 2023

Liabilities

Down

$196,981

Down $46,982 (-19%) from 2023

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin53rd percentile

Revenue

Down

$629,016

Down $259,011 (-29%) from 2023

Expenses

Down

$596,695

Down $42,746 (-6.7%) from 2023

Net Income

Down

$32,321

Down $216,265 (-87%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,074,443Liabilities 2011: $1,434,312Net Assets 2011: -$359,8692011Assets 2012: $1,005,938Liabilities 2012: $1,400,754Net Assets 2012: -$394,8162012Assets 2013: $934,669Liabilities 2013: $1,316,977Net Assets 2013: -$382,3082013Assets 2014: $918,647Liabilities 2014: $1,340,885Net Assets 2014: -$422,2382014Assets 2015: $922,697Liabilities 2015: $1,314,866Net Assets 2015: -$392,1692015Assets 2016: $1,033,525Liabilities 2016: $1,376,721Net Assets 2016: -$343,1962016Assets 2017: $961,919Liabilities 2017: $1,329,553Net Assets 2017: -$367,6342017Assets 2018: $1,024,307Liabilities 2018: $1,407,478Net Assets 2018: -$383,1712018Assets 2019: $1,050,352Liabilities 2019: $1,412,020Net Assets 2019: -$361,6682019Assets 2020: $1,168,732Liabilities 2020: $273,738Net Assets 2020: $894,9942020Assets 2021: $1,169,048Liabilities 2021: $300,804Net Assets 2021: $868,2442021Assets 2022: $1,153,707Liabilities 2022: $355,068Net Assets 2022: $798,6392022Assets 2023: $1,291,042Liabilities 2023: $243,963Net Assets 2023: $1,047,0792023Assets 2024: $1,276,381Liabilities 2024: $196,981Net Assets 2024: $1,079,4002024

Highlighted filing

2024

Assets$1,276,381
Liabilities$196,981
Net Assets$1,079,400
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $543,414Expenses 2011: $575,986Net Income 2011: -$32,5722011Revenue 2012: $508,041Expenses 2012: $542,988Net Income 2012: -$34,9472012Revenue 2013: $526,185Expenses 2013: $513,677Net Income 2013: $12,5082013Revenue 2014: $540,248Expenses 2014: $580,178Net Income 2014: -$39,9302014Revenue 2015: $561,357Expenses 2015: $531,288Net Income 2015: $30,0692015Revenue 2016: $561,185Expenses 2016: $512,212Net Income 2016: $48,9732016Revenue 2017: $529,120Expenses 2017: $553,558Net Income 2017: -$24,4382017Revenue 2018: $493,570Expenses 2018: $509,107Net Income 2018: -$15,5372018Revenue 2019: $512,291Expenses 2019: $490,788Net Income 2019: $21,5032019Revenue 2020: $1,738,503Expenses 2020: $481,841Net Income 2020: $1,256,6622020Revenue 2021: $514,395Expenses 2021: $541,145Net Income 2021: -$26,7502021Revenue 2022: $542,734Expenses 2022: $612,370Net Income 2022: -$69,6362022Revenue 2023: $888,027Expenses 2023: $639,441Net Income 2023: $248,5862023Revenue 2024: $629,016Expenses 2024: $596,695Net Income 2024: $32,3212024

Highlighted filing

2024

Revenue$629,016
Expenses$596,695
Net Income$32,321
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$629,016
Mission and Program Overview

Mission

The organization operates an incubator facility to identify and aid start-up businesses with a purpose of stimulating development and increasing interaction between the university at buffalo and such businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,220,044$1,197,232▼ $22,812
Cash and Non-Interest-Bearing Accounts$63,129$36,165▼ $26,964
Prepaid Expenses and Deferred Charges$18,295$24,516▲ $6,221
Accounts Receivable$-10,452$18,446▲ $28,898
Investments Other Securities$26$22▼ $4
Total Assets$1,291,042$1,276,381▼ $14,661
Liabilities
Other Liabilities$237,370$189,273▼ $48,097
Accounts Payable and Accrued Expenses$6,593$7,708▲ $1,115
Total Liabilities$243,963$196,981▼ $46,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,047,079$1,079,400▲ $32,321
Total Net Assets Fund Balance$1,047,079$1,079,400▲ $32,321
Total Liabilities and Net Assets / Fund Balance$1,291,042$1,276,381▼ $14,661

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,264$5,714,114$5,720,378
Leasehold Improvements$636,824$914,034$1,550,858
Equipment$344,442$491,738$836,180
Land$196,101-$196,101
Other Land Buildings$13,601-$13,601
Compensation and Service Providers
Top Officer Pay98th percentile

Board Members and Trustees

NameTitle
Steven H ShepsmanChair/director
Daniel HamisterVice Chair/director
Danielle ShainbrownDirector
David ChiazzaDirector
Jean PowersDirector
Ronald SchreiberDirector
Sujata YalamanchiliDirector (thru 12/31/2023)
Anastacia KnapperChief Executive Officer
Patrick RicheyChief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mlp Plumbing & Mechanical INCMech Contractor3198 UNION RD STE 300, Cheektowaga, NY 14227$203,946
Revenue and Support

Revenue Composition

Contributions and Grants
$39,966
Program Service Revenue
$589,050
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$32,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$629,016
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$629,016
Total Revenue per Form 990
$629,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$596,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$164,804--$164,804
Depreciation Depletion$129,499--$129,499
Fees for Services Management$51,700--$51,700
Insurance$34,392--$34,392
Other Expenses$10,834--$10,834
Conferences and Meetings$6,916--$6,916
Information Technology$1,188--$1,188
Total Functional Expenses$596,695$0$0$596,695

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$596,695
Total Expenses per Audited Statements$596,695
Total Expenses per Form 990$596,695
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Ubfa$184,209
Payable to Ub$4,897
Stale Dated Checks$167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 review process after the form 990 has been prepared and completed internally it is reviewed by the organization's management. An external review of the form 990 is then performed by the organization's outside accountants (kpmg). The organization's board of directors has delegated the review process to the audit committee of the university at buffalo foundation, inc., an affiliated entity. The form 990 is discussed at a meeting of the audit committee prior to filing the return. Upon completion of the audit committee's review, the form 990 is provided to the full board of directors prior to filing the return with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Explanation of monitoring and enforcement of conflicts all directors and officers of the organization are required to complete a written conflict of interest disclosure statement on an annual basis. All directors and officers are also required to provide any updated information on potential conflicts that arise prior to the completion of the disclosure statement. All disclosure statements are reviewed by the organization's management and legal counsel. All situations that are deemed to represent a conflict as described in the organization's conflict of interest policy are reported to the board chair. The conflicted individual must recuse himself or herself during the discussion of and voting on an action that involves the identified conflict.”

Form 990, Part VI, Section C, Line 19

“Other organization documents publicly available the financial statements, governing documents, and conflict of interest policy are available upon request. In addition, the financial statements are available on the organization's website and the form 990 is available at www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
University at Buffalo Foundation
EIN
16-1301210
Phone
7166453011
Address
BOX 900, BUFFALO, NY 14226-0900

Signing Officer

Name
Patrick E Richey
Title
Chief Financial Officer
Phone
7166453011
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anastacia S Knapper
Formed
1988
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Kpmg Llp
Address
515 BROADWAY 4TH FLOOR, ALBANY, NY 12207-2974
Preparer
Stephanie Lonczak
Phone
5184274600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Fin 48 (asc 740 footnote) the internal revenue service has ruled that the university at buffalo foundation incubator, inc. Is qualified under section 501(c)(3) of the internal revenue code and is, therefore, generally not subject to tax on related income under present federal income tax laws, and is not a private foundation within the meaning of section 509(a)(1), (a)(2), or (a)(3) of the internal revenue code. University at buffalo foundation incubator, inc. Follows the provisions of asc 740, accounting for uncertainty in income taxes, whereby it recognizes income tax positions when it is more-likely than-not that the position will be sustainable based on the merits of the position. Management has concluded that there are no material uncertain tax positions that need to be recorded at june 20, 2024 and 2023.”

Raw XML AppendixShowing 400 of 571 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR (THRU 12/31/2023)
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IRS990/OtherExpensesGrp/Desc2MATERIALS
IRS990/OtherExpensesGrp/Desc3FEES FOR SERVICES - OTH
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0HISTORIC AND CONTINUOUS RELATIONSHIP UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR, INC. (UBFI) HAS TWO SUPPORTED ORGANIZATIONS: UNIVERSITY AT BUFFALO (UB) AND UNIVERSITY AT BUFFALO FOUNDATION (UBF). UB IS NAMED AS A SUPPORTED ORGANIZATION IN UBFI'S ORIGINAL CERTIFICATE OF INCORPORATION AND SUBSEQUENT AMENDMENTS. UBF IS NOT NAMED IN UBFI'S GOVERNING DOCUMENTS. HOWEVER, UBFI AND UBF HAVE A HISTORIC AND CONTINUOUS RELATIONSHIP. UBFI AND UBF SHARE THEIR NAME AND HAVE BEEN CLOSELY ASSOCIATED SINCE UBFI WAS FORMED IN 1988. UBFI'S BOARD OF DIRECTORS IS COMPRISED OF A MAJORITY OF TRUSTEES OF UBF. SERVING THE NEEDS OF THE UNIVERSITY AT BUFFALO REQUIRES HIGHLY SPECIALIZED SKILLS IN STRATEGIC AREAS. TO MEET THESE NEEDS, UBF TOGETHER WITH UBFI AND 5 OTHER AFFILIATES PROVIDE AN ARRAY OF SERVICES FOR THE UB COMMUNITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1TYPE III SUPPORTING ORGANIZATION UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR, INC.'S (UBFI) SUPPORTED ORGANIZATIONS, UNIVERSITY AT BUFFALO AND UNIVERSITY AT BUFFALO FOUNDATION, HAVE A SIGNIFICANT VOICE IN UBFI'S INVESTMENT POLICIES AND DIRECTION OF INCOME OR ASSETS THROUGH ITS REPRESENTATIVES WHO SERVE AS DIRECTORS FOR UBFI. UNIVERSITY AT BUFFALO'S PRESIDENT APPOINTS AT LEAST ONE BOARD MEMBER OF UBFI. IN ADDITION, UBFI'S BOARD MUST BE COMPRISED OF A MAJORITY OF UNIVERSITY AT BUFFALO FOUNDATION'S BOARD MEMBERS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2TYPE III FUNCTIONALLY - INTEGRATED SUPPORTING ORGANIZATIONS UBFI ENGAGES IN AN ACTIVITY THAT SUBSTANTIALLY AND DIRECTLY FURTHERS THE EXEMPT PURPOSES OF UNIVERSITY AT BUFFALO (UB) AND THAT WOULD BE CARRIED OUT DIRECTLY BY UNIVERSITY AT BUFFALO, BUT FOR UBFI'S INVOLVEMENT. UBFI ORGANIZES AND OPERATES AN INCUBATOR FACILITY TO IDENTIFY AND AID START-UP BUSINESSES WITH A PURPOSE OF STIMULATING DEVELOPMENT AND INCREASING INTERACTION BETWEEN THE UNIVERSITY AT BUFFALO AND SUCH BUSINESSES. AS A PREMIER PUBLIC RESEARCH UNIVERSITY, THE UNIVERSITY AT BUFFALO IS ALSO HOME TO ONE OF THE NATION'S FIRST - AND MOST SUCCESSFUL - INCUBATORS OF ITS KIND. THE UB TECHNOLOGY INCUBATOR PROVIDES CRITICAL SUPPORT TO THE UB AND BUFFALO NIAGARA RESEARCH COMMUNITIES, GIVING EMERGING COMPANIES ACCESS TO KEY SERVICES INCLUDING FDA-COMPLIANT FACILITIES, OFFICE SPACE, WET LABS AND NETWORKING OPPORTUNITIES. THE TECHNOLOGY INCUBATOR HAS PLAYED AN INDISPENSABLE ROLE FOR UB, HELPING THE UNIVERSITY MAKE SIGNIFICANT PROGRESS IN COMMERCIALIZING UB RESEARCHER INVENTIONS, PROVIDING OPPORTUNITIES FOR ECONOMIC DEVELOPMENT THROUGHOUT WESTERN NEW YORK, AND IMPROVING THE QUALITY OF LIFE FOR PEOPLE ALL OVER THE WORLD. THE UB FOUNDATION SUPPORTS THE TECHNOLOGY INCUBATOR, WHICH IS LOCATED IN BAIRD RESEARCH PARK ACROSS FROM UB'S NORTH CAMPUS, THROUGH AN INNOVATIVE PARTNERSHIP BETWEEN NEW YORK STATE, UB AND UBFI.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 1C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0596695
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY AT BUFFALO
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1UNIVERSITY AT BUFFALO FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0596695
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt06264
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05714114
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05720378
IRS990ScheduleD/EquipmentGrp/BookValueAmt0344442
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0491738
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0836180
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0596695
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0196101
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0196101
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0636824
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0914034
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01550858
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013601
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0184209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO UBFA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYABLE TO UB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STALE DATED CHECKS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0629016
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740 FOOTNOTE) THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR, INC. IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, GENERALLY NOT SUBJECT TO TAX ON RELATED INCOME UNDER PRESENT FEDERAL INCOME TAX LAWS, AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(1), (A)(2), OR (A)(3) OF THE INTERNAL REVENUE CODE. UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR, INC. FOLLOWS THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHEREBY IT RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE-LIKELY THAN-NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED AT JUNE 20, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01197232
IRS990ScheduleD/TotalExpensesPerForm990Amt0596695
IRS990ScheduleD/TotalLiabilityAmt0189273
IRS990ScheduleD/TotalRevenuePerForm990Amt0629016
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0629016
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0596695
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0361894
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1248804
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt043002
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt129289
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANASTACIA KNAPPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PATRICK RICHEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF FINANCIAL OFFICER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0430050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1278618
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION UNIVERSITY AT BUFFALO FOUNDATION INCUBATOR, INC. DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. CERTAIN INDIVIDUALS RECEIVED COMPENSATION FROM A RELATED ORGANIZATION AND THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED AT THE RELATED ORGANIZATION'S LEVEL USING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I AND PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEW PROCESS AFTER THE FORM 990 HAS BEEN PREPARED AND COMPLETED INTERNALLY IT IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. AN EXTERNAL REVIEW OF THE FORM 990 IS THEN PERFORMED BY THE ORGANIZATION'S OUTSIDE ACCOUNTANTS (KPMG). THE ORGANIZATION'S BOARD OF DIRECTORS HAS DELEGATED THE REVIEW PROCESS TO THE AUDIT COMMITTEE OF THE UNIVERSITY AT BUFFALO FOUNDATION, INC., AN AFFILIATED ENTITY. THE FORM 990 IS DISCUSSED AT A MEETING OF THE AUDIT COMMITTEE PRIOR TO FILING THE RETURN. UPON COMPLETION OF THE AUDIT COMMITTEE'S REVIEW, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ALL DIRECTORS AND OFFICERS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. ALL DIRECTORS AND OFFICERS ARE ALSO REQUIRED TO PROVIDE ANY UPDATED INFORMATION ON POTENTIAL CONFLICTS THAT ARISE PRIOR TO THE COMPLETION OF THE DISCLOSURE STATEMENT. ALL DISCLOSURE STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL. ALL SITUATIONS THAT ARE DEEMED TO REPRESENT A CONFLICT AS DESCRIBED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE REPORTED TO THE BOARD CHAIR. THE CONFLICTED INDIVIDUAL MUST RECUSE HIMSELF OR HERSELF DURING THE DISCUSSION OF AND VOTING ON AN ACTION THAT INVOLVES THE IDENTIFIED CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,276,381
Liabilities
$196,981
Net assets
$1,079,400
Revenue
$629,016
Expenses
$596,695
Net income
$32,321
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.20$1.08$0.63$0.60$0.03
2023Summary only. Only limited summary data is available for this year.$1.29$0.24$1.05$0.89$0.64$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.36$0.80$0.54$0.61$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.30$0.87$0.51$0.54$0.03
2020Summary only. Only limited summary data is available for this year.$1.17$0.27$0.89$1.74$0.48$1.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$1.41$0.36$0.51$0.49$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$1.41$0.38$0.49$0.51$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$1.33$0.37$0.53$0.55$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.03$1.38$0.34$0.56$0.51$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.92$1.31$0.39$0.56$0.53$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.92$1.34$0.42$0.54$0.58$0.04
2013Summary only. Only limited summary data is available for this year.$0.93$1.32$0.38$0.53$0.51$0.01
2012Summary only. Only limited summary data is available for this year.$1.01$1.40$0.39$0.51$0.54$0.03
2011Summary only. Only limited summary data is available for this year.$1.07$1.43$0.36$0.54$0.58$0.03