2025-05-12T07:29:47-05:00 2024-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2023-07-01 510164454 UBF CORPORATION UBFC 7166453011 BOX 900 BUFFALO NY 142260900 PATRICK E RICHEY CHIEF FINANCIAL OFFICER 7166453011 2025-05-08 1 0 STEPHANIE LONCZAK P10880207 5184274600 2023 2025-03-06 01:10:19Z ANASTACIA S KNAPPER BOX 900 BUFFALO NY 142260900 462708 0 X WWW.UB-FOUNDATION.ORG X 1978 NY TO HOLD TITLE TO, ACQUIRE, SELL, LEASE, AND IMPROVE AND DEVELOP LAND, BUILDINGS, AND OTHER REAL PROPERTY IMPROVEMENTS FOR THE BENEFIT OF SUNY AT BUFFALO AND UBF, INC. 6 6 0 7 178903 54177 0 0 312038 462708 0 0 0 0 312038 462708 207097 335364 0 0 0 0 0 0 0 104941 127344 312038 462708 0 0 4085251 4428992 1650575 1994316 2434676 2434676 TO HOLD TITLE TO, ACQUIRE, SELL, LEASE, AND IMPROVE AND DEVELOP LAND, BUILDINGS, AND OTHER REAL PROPERTY IMPROVEMENTS FOR THE BENEFIT OF UNIVERSITY AT BUFFALO AND UNIVERSITY AT BUFFALO FOUNDATION, INC. 0 0 462708 335364 462708 UBF CORP. LEASES A PARCEL OF REAL ESTATE FROM THE STATE OF NEW YORK AND THEN SUBLEASES THIS PROPERTY FOR THE BENEFIT AND IN SUPPORT OF THE UNIVERSITY AT BUFFALO. THE PARCEL IS LOCATED WITHIN THE BOUNDARIES OF THE UNIVERSITY'S AMHERST CAMPUS. THE PARCEL IS CURRENTLY SUBLEASED TO TWO LESSESS. 1 - FOLLETT OPERATES A BOOKSTORE THAT PROVIDES TEXTBOOKS, SUPPLIES, TECH SUPPLIES, AND OTHER NECESSARY EDUCATIONAL PRODUCTS TO UNIVERSITY STUDENTS. 2 - FIRST AMHERST DEVELOPMENT CONSTRUCTED AND OPERATES AN ON-CAMPUS RETAIL COMPLEX, "THE COMMONS," PROVIDING NECESSARY SERVICES AND PRODUCTS TO UNIVERSITY STUDENTS. 462708 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X PATRICK E RICHEY 7166453011 BOX 900 BUFFALO NY 142260900 DAVID CHIAZZA DIRECTOR 1.00 3.00 X 0 0 0 DANIEL M HAMISTER VICE CHAIR/DIRECTOR 1.00 4.00 X 0 0 0 JEAN POWERS DIRECTOR 1.00 4.00 X 0 0 0 RONALD SCHREIBER DIRECTOR 1.00 3.00 X 0 0 0 DANIELLE SHAINBROWN DIRECTOR 1.00 4.00 X 0 0 0 STEVEN H SHEPSMAN CHAIR/DIRECTOR 1.00 4.00 X X 0 0 0 SUJATA YALAMANCHILI DIRECTOR (THRU 12/31/2023) 1.00 4.00 X 0 0 0 ANASTACIA KNAPPER CHIEF EXECUTIVE OFFICER 6.00 28.00 X 0 361894 68156 PATRICK RICHEY CHIEF FINANCIAL OFFICER 6.00 28.00 X 0 248804 29814 0 610698 97970 0 0 1 0 0 RENTAL REVENUE 532000 462708 283805 178903 462708 462708 283805 178903 0 335364 335364 500 500 107819 107819 18597 18597 428 428 462708 462708 0 0 25983 40726 4059268 4388266 4085251 4428992 105419 133631 1545156 1860685 1650575 1994316 X 2434676 2434676 2434676 2434676 4085251 4428992 0 0 X 0 1 X 1 0 0 RECEIVABLES FROM AFFILIATES 4134498 RIGHT-OF-USE ASSET 253768 4388266 PAYABLE TO AFFILIATES 1612936 RIGHT-OF-USE LIABILITY 247749 1860685 X 462708 0 462708 0 462708 462708 0 462708 0 462708 PART X, LINE 2: FIN 48 (ASC 740 FOOTNOTE) UBF CORPORATION IS QUALIFIED UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE, AND IS, THEREFORE, GENERALLY NOT SUBJECT TO TAX ON RELATED INCOME UNDER PRESENT FEDERAL INCOME TAX LAWS AS WELL. UBF CORP 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 30, 2024 OR 2023. 1 FNUB INC BOX 900 BUFFALO NY 14226 161537468 501(C)(3) 335364 0 UNIVERSITY SUPPORT 1 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. UBF CORPORATION'S ASSISTANCE TO ORGANIZATIONS IN THE U.S. CONSISTS OF SUPPORT TO CHARITABLE ORGANIZATIONS. WHILE THE ORGANIZATION DOES NOT MONITOR THE USE OF THESE FUNDS, THE ORGANIZATION ONLY CONTRIBUTES TO OTHER CHARITABLE ORGANIZATIONS WHOSE MISSION AND WORK ARE WELL KNOWN BY THE ORGANIZATION AND ARE TRUE TO THEIR CHARITABLE PURPOSES. UBF CORP ONLY GIVES GRANTS TO AFFILIATED ORGANIZATIONS WHO ARE WORKING TO SUPPORT THE UNIVERSITY AT BUFFALO. 0 0 0 ANASTACIA KNAPPER CHIEF EXECUTIVE OFFICER 0 361894 0 0 0 0 0 43002 0 25154 0 430050 0 0 PATRICK RICHEY CHIEF FINANCIAL OFFICER 0 248804 0 0 0 0 0 29289 0 525 0 278618 0 0 PART I AND PART II COMPENSATION UBF CORPORATION 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. 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. UNIVERSITY AT BUFFALO FOUNDATION INC BOX 900 BUFFALO NY 14226 160865182 EDUCATION SERVICES NY 501(C)(3) 7 N/A 0 FNUB INC BOX 900 BUFFALO NY 14226 161537468 EDUCATION SERVICES NY 501(C)(3) 7 N/A 0 UNIV AT BUFFALO FOUND INCUBATOR INC BOX 900 BUFFALO NY 14226 161301210 EDUCATION SERVICES NY 501(C)(3) 12C III-FI N/A 0 UBF FACULTY - STUDENT HOUSING CORP BOX 900 BUFFALO NY 14226 161372560 EDUCATION SERVICES NY 501(C)(3) 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0