Civic Intelligence

Shaw Festival Foundation

EIN 22-2809351 • 501(c)3 • Buffalo, NY

Profile

To provide financial support to cultural organizations and other charitable entities.

491 Delaware AvenueBuffalo, NY 14202

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.30x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.19x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

87th percentile

37%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

176%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,301,364

Up $620,644 (+37%) from 2023

Liabilities

Up

$684,899

Up $152,387 (+29%) from 2023

Net Assets

Up

$1,616,465

Up $468,257 (+41%) from 2023

Revenue

Up

$3,697,641

Up $2,356,594 (+176%) from 2023

Expenses

Up

$3,229,384

Up $1,870,840 (+138%) from 2023

Net Income

Up

$468,257

Up $485,754 (+2776%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $207,302Liabilities 2010: $0Net Assets 2010: $207,3022010Assets 2011: $115,037Liabilities 2011: $0Net Assets 2011: $115,0372011Assets 2012: $257,125Liabilities 2012: $0Net Assets 2012: $257,1252012Assets 2013: $106,770Liabilities 2013: $0Net Assets 2013: $106,7702013Assets 2014: $87,926Liabilities 2014: $0Net Assets 2014: $87,9262014Assets 2015: $123,202Liabilities 2015: $0Net Assets 2015: $123,2022015Assets 2016: $53,913Liabilities 2016: $0Net Assets 2016: $53,9132016Assets 2017: $157,320Liabilities 2017: $0Net Assets 2017: $157,3202017Assets 2018: $124,923Liabilities 2018: $0Net Assets 2018: $124,9232018Assets 2019: $130,791Liabilities 2019: $0Net Assets 2019: $130,7912019Assets 2020: $308,249Liabilities 2020: $0Net Assets 2020: $308,2492020Assets 2021: $848,753Liabilities 2021: $0Net Assets 2021: $848,7532021Assets 2022: $1,314,891Liabilities 2022: $585,951Net Assets 2022: $728,9402022Assets 2023: $1,680,720Liabilities 2023: $532,512Net Assets 2023: $1,148,2082023Assets 2024: $2,301,364Liabilities 2024: $684,899Net Assets 2024: $1,616,4652024

Highlighted filing

2024

Assets$2,301,364
Liabilities$684,899
Net Assets$1,616,465

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,149,964Expenses 2010: $1,037,285Net Income 2010: $112,6792010Revenue 2011: $1,090,671Expenses 2011: $1,182,936Net Income 2011: -$92,2652011Expenses 2012: $1,041,1412012Expenses 2013: $1,069,6062013Revenue 2014: $966,649Expenses 2014: $985,493Net Income 2014: -$18,8442014Revenue 2015: $959,869Expenses 2015: $924,593Net Income 2015: $35,2762015Revenue 2016: $1,034,422Expenses 2016: $1,103,711Net Income 2016: -$69,2892016Revenue 2017: $1,460,416Expenses 2017: $1,357,009Net Income 2017: $103,4072017Revenue 2018: $1,022,789Expenses 2018: $1,055,186Net Income 2018: -$32,3972018Revenue 2019: $1,250,515Expenses 2019: $1,244,647Net Income 2019: $5,8682019Revenue 2020: $1,238,443Expenses 2020: $1,060,985Net Income 2020: $177,4582020Revenue 2021: $1,691,543Expenses 2021: $1,128,836Net Income 2021: $562,7072021Revenue 2022: $2,052,299Expenses 2022: $1,422,931Net Income 2022: $629,3682022Revenue 2023: $1,341,047Expenses 2023: $1,358,544Net Income 2023: -$17,4972023Revenue 2024: $3,697,641Expenses 2024: $3,229,384Net Income 2024: $468,2572024

Highlighted filing

2024

Revenue$3,697,641
Expenses$3,229,384
Net Income$468,257

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.68$1.62$3.70$3.23$0.47
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.53$1.15$1.34$1.36$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.59$0.73$2.05$1.42$0.63
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$1.69$1.13$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$1.24$1.06$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$1.25$1.24$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.02$1.06$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$1.46$1.36$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$1.03$1.10$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.96$0.92$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.97$0.99$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$1.04
2011Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$1.09$1.18$0.09
2010Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$1.15$1.04$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$3,697,641
Mission and Program Overview

Mission

To provide financial support to organizations described in section 501(c)(3)of the internal revenue code.

To provide financial support to cultural organizations and other charitable entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,150,490$1,603,657▲ $453,167
Cash and Non-Interest-Bearing Accounts$530,230$697,707▲ $167,477
Total Assets$1,680,720$2,301,364▲ $620,644
Liabilities
Grants Payable$527,000$666,000▲ $139,000
Accounts Payable and Accrued Expenses$5,512$10,576▲ $5,064
Deferred Revenue-$8,323-
Total Liabilities$532,512$684,899▲ $152,387
Net Assets / Fund Balance
Net Assets With Donor Restrictions$810,149$1,537,157▲ $727,008
Net Assets Without Donor Restrictions$338,059$79,308▼ $258,751
Total Net Assets Fund Balance$1,148,208$1,616,465▲ $468,257
Total Liabilities and Net Assets / Fund Balance$1,680,720$2,301,364▲ $620,644
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald H LuczakPresident
James W WadsworthPresident Emeritus
Bettina BussDirector
Scott SnowDirector
Sylvia BennettSecretary
Kenneth P FriedmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,697,641
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,697,641
Change in Net Assets
$468,257

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,697,641
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,697,641
Total Revenue per Form 990
$3,697,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,026,100
Total Fundraising Expense$133,313
Salaries, Compensation, and Employee Benefits$120,584
Other Expenses$82,700
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$3,026,100--$3,026,100
Other Salaries and Wages--$70,879$70,879
Fees for Services Other-$41,741-$41,741
Payroll Taxes--$32,722$32,722
Other Expenses-$21,460-$21,460
All Other Expenses-$3,770$12,729$16,499
Other Employee Benefits--$13,893$13,893
Pension Plan Contributions--$3,090$3,090
Travel-$3,000-$3,000
Total Functional Expenses$3,026,100$69,971$133,313$3,229,384

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,229,384
Total Expenses per Audited Statements$3,229,384
Total Expenses per Form 990$3,229,384
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
1
Spending
$3,026,100

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrants to Recipients Located in the Region.N/a01$3,026,100
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
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Management functions are performed by tzetzo & tzetzo, pllc.

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

All officers of the organization have received a copy of form 990 for their review.

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

Review of policy and transactions at board's annual meeting.

Form 990, Part VI, Section C, Line 19

The founder's certification of incorporation and amendments thereto are public documents available from the new york state department of the state. The foundation makes available for inspection upon request its exempt and annual reports as required by section 6104 of the internal revenue code.

Filing and Contact Details

Filer

Filer Name
Shaw Festival Foundation
EIN
22-2809351
Phone
7168541930
Address
491 DELAWARE AVENUE, BUFFALO, NY 14202

Signing Officer

Name
Kenneth Friedman
Title
Treasurer
Phone
7168541930
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Friedman
Formed
1987
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
6

Preparer

Firm
Tronconi Segarra & Associates Llp
Address
8321 MAIN STREET, WILLIAMSVILLE, NY 14221
Preparer
Adam P Ohar CPA
Phone
7166331373
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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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN THE REGION.
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PATRON DEVELOPMENT & ENDOWMENT
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PRIMARILY SUPPORTS THE SHAW FESTIVAL THEATRE, A PERFORMING ARTS VENUE, AND ITS AFFILIATED FOUNDATION, THE SHAW FESTIVAL THEARE ENDOWMENT FOUNDATION, BOTH LOCATED IN ONTARIO, CANADA. GRANTS ARE DISBURSED PURSUANT TO WRITTEN GRANT AGREEMENTS SPECIFYING THE CHARITABLE PURPOSES, REPORTING REQUIREMENTS, AND RESTRICTIONS ON THE USE OF FUNDS. THE RECIPIENT ORGANIZATIONS PROVIDE PERIODIC REPORTS DESCRIBING THE USE OF FUNDS FOR THE FURTHERANCE OF ITS PROGRAM ACTIVITIES. THE ORGANIZATION RETAINS THE RIGHT TO INSPECT THE BOOKS AND RECORDS OF THE RECIPIENTS, AND ALL INTERNATIONAL GRANT ACTIVITIES ARE DOCUMENTED AND REVIEWED ANNUALLY BY THE ORGANIZATION'S GOVERNING BOARD TO ENSURE THAT FUNDS ARE PROPERLY MONITORED AND USED IN A MANNER CONSISTENT WITH THE ORGANIZATION'S EXEMPT MISSION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT FUNCTIONS ARE PERFORMED BY TZETZO & TZETZO, PLLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS OF THE ORGANIZATION HAVE RECEIVED A COPY OF FORM 990 FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW OF POLICY AND TRANSACTIONS AT BOARD'S ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDER'S CERTIFICATION OF INCORPORATION AND AMENDMENTS THERETO ARE PUBLIC DOCUMENTS AVAILABLE FROM THE NEW YORK STATE DEPARTMENT OF THE STATE. THE FOUNDATION MAKES AVAILABLE FOR INSPECTION UPON REQUEST ITS EXEMPT AND ANNUAL REPORTS AS REQUIRED BY SECTION 6104 OF THE INTERNAL REVENUE CODE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH FRIEDMAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRONCONI SEGARRA & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08321 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSVILLE
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADAM P OHAR CPA
ReturnHeader/ReturnTs02025-11-12T08:32:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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