2025-05-12T07:11:23-05:00 2024-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2023-07-01 161537468 FNUB INC FNUB 7166453011 BOX 900 BUFFALO NY 14226 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 14226 1725249 0 X WWW.UBFOUNDATION.BUFFALO.EDU X 1997 NY TO PERFORM ADMINISTRATIVE AND OTHER ACTIVITIES FOR THE UNIVERSITY AT BUFFALO AND ITS RELATED ORGANIZATIONS IN SUPPORT OF THE CHARITABLE PURPOSES OF THE UNIVERSITY. 6 6 0 7 0 0 670384 715974 231816 996566 3313292 12709 59134 0 4274626 1725249 207097 3635777 0 0 0 0 0 0 0 1338089 1890902 1545186 5526679 2729440 -3801430 19274040 14850962 7439357 6817709 11834683 8033253 THE MISSION OF THE ORGANIZATION IS TO PERFORM ADMINISTRATIVE AND OTHER ACTIVITIES FOR THE UNIVERSITY AT BUFFALO AND ITS RELATED ORGANIZATIONS IN SUPPORT OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE UNIVERSITY. 0 0 1890902 996566 THE ORGANIZATION OWNS AND OPERATES OTHER REAL ESTATE FOR THE BENEFIT OF THE UNIVERSITY AT BUFFALO. THIS REAL ESTATE INCLUDES THE RESIDENCE OF THE UNIVERSITY PRESIDENT, OFFICE SPACE UTILIZED BY THE UNIVERSITY, AND OTHER TENANTS, A BUILDING THAT HOUSES THE UNIVERSITY AT BUFFALO EDUCATIONAL OPPORTUNITY CENTER, TENANT IN COMMON TO A PARKING GARAGE THAT ACCOMMODATES UNIVERSITY PERSONNEL, AN ART GALLERY, AND VACANT LAND. 3635777 3635777 SUPPORT FOR THE EDUCATIONAL INITIATIVES OF THE UNIVERSITY AT BUFFALO. 5526679 1 1 0 1 0 0 0 0 0 0 1 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 0 1 1 0 0 0 1 13 0 1 0 0 0 0 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 14226 DAVID CHIAZZA DIRECTOR 1.00 3.00 X 0 0 0 SUJATA YALAMANCHILI DIRECTOR (THRU 12/31/2023) 1.00 4.00 X 0 0 0 DANIEL HAMISTER DIRECTOR/VICE CHAIR 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 SHEPSMAN CHAIR/DIRECTOR 1.00 4.00 X X 0 0 0 ANASTACIA KNAPPER CHIEF EXECUTIVE OFFICER 5.00 29.00 X 0 361894 68156 PATRICK RICHEY CHIEF FINANCIAL OFFICER 5.00 29.00 X 0 248804 29814 0 610698 97970 0 0 1 0 NATHAN BENDERSON TRUST 7978 COOPER CREEK BLVD SUITE 100 UNIVERSITY PARK FL 34201 REAL ESTATE DEVELOP 118443 1 350764 365210 715974 MAPLE ROAD STUDENT HEA 611710 766219 766219 889 LEBRUN 611710 142662 142662 1031 MAIN STREET 611710 87685 87685 996566 12709 12709 1725249 996566 0 12709 3635777 3635777 13540 13540 15400 15400 1058365 1058365 487002 487002 INTRAFUND EXPENSES 316595 316595 5526679 5526679 0 0 82655 718727 2382 2566 168123 165544 10983 15374 15606643 7933082 8006044 7673561 117360 117360 10886493 6157830 19274040 14850962 70242 111481 7369115 6706228 7439357 6817709 X 11834683 8033253 11834683 8033253 19274040 14850962 -3801430 0 X 0 1 X 1 0 X 582488 561762 1894304 670384 715974 4424912 582488 561762 1894304 670384 715974 4424912 1887669 2537243 13326 13188 13040 12879 12709 65142 59134 59134 4549188 2656145 0.55770 0.58530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INTRAFUND REVENUE - 2022 AMOUNT: $ 59,134. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 15400 15400 0 PART II-B, LINE 1: DESCRIPTION OF LOBBYING ACTIVITY FNUB HAS ENGAGED A GOVERNMENT RELATIONS FIRM IN AN EFFORT TO HELP THE UNIVERSITY AT BUFFALO GOVERNMENT RELATIONS TEAM HONE ITS STATE ADVOCACY STRATEGY AND MESSAGING. AS OF SEPTEMBER 2023, THE CONTRACT WITH THE GOVERNMENT RELATIONS FIRM TRANSFERRED TO THE UNIVERSITY AT BUFFALO. FNUB IS NO LONGER RESPONSIBLE FOR LOBBYING FEES. 1087000 1087000 11587436 6222092 5365344 2620258 1605100 1015158 311949 105890 206059 7673561 DUE FROM AFFILIATE 4819014 RIGHT OF USE ASSET, NET 1338816 6157830 RIGHTS-OF-USE LIABILITIES 1247932 DUE TO AFFILIATES 5458296 6706228 X 1725249 0 1725249 0 1725249 5526679 0 5526679 0 5526679 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE INTERNAL REVENUE SERVICE HAS RULED THAT FNUB, 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 ALSO NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(1), (A)(2), OR SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. FNUB, 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 30, 2024 OR 2023. 1 UB FOUNDATION ACTIVITIES INC BOX 900 BUFFALO NY 14226 161537468 501(C)(3) 3635777 0 EDUCATIONAL SUPPORT 1 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE US FNUB, INC.'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. FNUB, INC. ONLY GIVES GRANTS TO AFFILIATED ORGANIZATIONS WHO ARE WORKING TO SUPPORT THE UNIVERSITY AT BUFFALO. 0 0 0 0 0 0 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, LINE 3 FNUB, 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 OF COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 HAS BEEN PREPARED AND COMPLETED INTERNALLY IT IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. AN EXTERNAL REVIEW OF THE 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 THEIR REVIEW, IT IS PROVIDED TO THE FULL BOARD OF DIRECTORS, ALSO PRIOR TO THE FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C 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 THE FINANICAL 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 A WWW.GUIDESTAR.COM. FNUB LLC BOX 900 BUFFALO NY 14226 272165343 MED CAMPUS NY 0 0 FNUB INC UNIVERSITY AT BUFFALO FOUNDATION INC BOX 900 BUFFALO NY 14226 160865182 EDUCATION SERVICES NY 501(C)(3) 7 N/A 0 UBF CORPORATION BOX 900 BUFFALO NY 14226 510164454 EDUCATION SERVICES NY 501(C)(2) N/A 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 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 PART V, LINE 1 TRANSACTIONS WITH RELATED ORGANIZATIONS FNUB, INC. RECEIVES GRANTS FROM UB FOUNDATION ACTIVITIES, INC. TO SUPPORT THE MAINTENANCE AND OPERATION OF CERTAIN PROPERTIES THROUGH FUNDS THAT ARE SPECIFICALLY DESIGNATED FOR THAT PURPOSE. FNUB, INC. RECEIVES GRANTS FROM UBF CORP. THAT REPRESENT UNRESTRICTED FUNDS THAT ARE NOT REQUIRED TO BE RETAINED BY UBF CORP. THESE FUNDS ARE THEN INCLUDED IN THE DETERMINATION OF THE TOTAL GRANTS TO BE MADE TO UB FOUNDATION ACTIVITIES, INC. TO SUPPORT THE GENERAL NEEDS OF THE UNIVERSITY AT BUFFALO.