BUFFALO STATE COLLEGE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

BUFFALO STATE COLLEGE FOUNDATION INC

EIN 16-6037117 · Education (B110)

What they do

to ADVANCE THE WELFARE and DEVELOPMENT of THE STATE UNIVERSITY of NEW YORK AT BUFFALO STATE UNIVERSITY (THE UNIVERSITY) and to SUPPORT ITS GOALS of EXCELLENCE IN TEACHING and SCHOLARSHIP, CULTURAL ENRICHMENT and SERVICE. THE FOUNDATION FURTHERS ITS MISSION BY FOSTERING PRIVATE SECTOR PARTICIPATION IN THE UNIVERSITYS ENDEAVORS, PARTICULARLY IN THE AREAS of PHILANTHROPY and FUNDRAISING, and BY PROVIDING VARIOUS SUPPORT SERVICES to THE UNIVERSITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

50.06%of revenue went to mission work85.6% of expenses · Program services

2.41%of revenue went to fundraising4.1% of expenses

$58.47spent for every $100 of revenueRevenue covered expenses this year.

6.00%of revenue went to management and office costs10.3% of expenses

$17.89in assets for every $1 spent this yearSome assets cannot be spent right away.

66.3%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,143,426

Mission workProgram services$6,078,40350.06% of revenue85.6% of expenses

ManagementOffice and general costs$728,5786.00% of revenue10.3% of expenses

FundraisingAsking for donations$292,7622.41% of revenue4.1% of expenses

Revenue left after expensesReported annual surplus$5,043,68341.53% of revenueShown in gray on the chart

Total expenses$7,099,74358.47% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.6% mission · 10.3% management · 4.1% fundraisingTotal expenses: 58.47% of revenue

2023Expense mix: 88.5% mission · 4.5% management · 7.0% fundraisingTotal expenses: 38.75% of revenue

2022Expense mix: 87.6% mission · 4.2% management · 8.2% fundraisingTotal expenses: 80.10% of revenue

2021Expense mix: 86.0% mission · 6.0% management · 8.0% fundraisingTotal expenses: 36.11% of revenue

2020Expense mix: 80.1% mission · 7.0% management · 12.8% fundraisingTotal expenses: 24.50% of revenue

2019Expense mix: 84.1% mission · 7.6% management · 8.3% fundraisingTotal expenses: 49.72% of revenue

2018Expense mix: 84.3% mission · 7.2% management · 8.5% fundraisingTotal expenses: 92.33% of revenue

2017Expense mix: 81.3% mission · 7.7% management · 11.0% fundraisingTotal expenses: 54.11% of revenue

Money in and money out

Revenue$12,143,426

Expenses$7,099,743

Annual surplus $5,043,683 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,078,403 · 85.6% of expenses

Management and office costs$728,578 · 10.3% of expenses

Fundraising$292,762 · 4.1% of expenses

See all reported dollar amounts

Revenue$12,143,426

Expenses$7,099,743

Assets$127,008,020

Income$16,785,226

Contributions$8,051,273

Mission work (program services)$6,078,403

Fundraising$292,762

Grants given$153,673

Average grant$153,673

Management and general$728,578

Investing fees$290,989

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (28)

JUDY L ELLIOTTCHAIR

XINOZEA FERGUSON-GISCOMBEDIRECTOR

VINCENT CUTRONADIRECTOR

TRACY A SAWICKIVICE CHAIR

THOMAS T OBRIENDIRECTOR

STACY LEWIS BEAUFORDDIRECTOR

SHOMARI A JAMESDIRECTOR

ROBERT W CHRISTMANNDIRECTOR

ROBERT J LAMENDOLADIRECTOR

NANCY L COXTREASURER

MICHAEL BONITATIBUSDIRECTOR

KENNETH J SODARODIRECTOR

KATHY R DOODYDIRECTOR

KARA HANDZLIKDIRECTOR

ABDI HAJIKANDIDIRECTOR

JODY E BRIANDIDIRECTOR

JEREMY C HUDSONDIRECTOR

JAMES M FINNERTYEXECUTIVE DIRECTOR

JAMES J REHAKSECRETARY

JAMES E IGLEWSKIDIRECTOR

JAMES BRANDYSDIRECTOR

GENE ALEXANDER PETERSDIRECTOR

DAVID TAGGARTDIRECTOR

DANIEL O PROTODIRECTOR

C TEO BALBACHDIRECTOR

BONITA R DURANDDIRECTOR

ANTHONY NANULADIRECTOR

AITINA FAREED-COOKEDIRECTOR

About this charity

Recognized since: January 1966
Location: 1300 ELMWOOD AVENUE, BUFFALO, NY 14222
County: Erie
In care of: JAMES M FINNERTY
Primary officer: JAMES M FINNERTY, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(716) 878-4324 Officer phone(716) 878-4658

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: LUMSDEN & MCCORMICK LLP
NTEE classification: Education (B110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes