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← 716 FOUNDATION INC

Form 990 for tax year 2023

Filed by 716 FOUNDATION INC.

Totals

Total revenue
$3,350
Total expenses
$148,387
Contributions and grants received
$3,350
Grants paid
$119,185
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$55,456
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$55,456
Program services expenses (Part IX)
$119,185
Management and general expenses
$29,202
Fundraising expenses
$0
Program service expenses (Part III)
$119,185

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,350

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,185 · program services $119,185

  • 11b · Fees: legal

    total $11,304 · management and general $11,304

  • 11c · Fees: accounting

    total $2,400 · management and general $2,400

  • 11g · Fees: other

    total $4,500 · management and general $4,500

  • 12 · Advertising and promotion

    total $9,000 · management and general $9,000

  • 22 · Depreciation, depletion and amortization

    total $608 · management and general $608

  • 24a · Other expenses: TENT RENTAL EXPENSE

    total $743 · management and general $743

  • 24b · Other expenses: MISCELLANEOUS

    total $512 · management and general $512

  • 24c · Other expenses: BANK AND CREDIT CARD FE

    total $85 · management and general $85

  • 24d · Other expenses: NYS FILING FEES

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,713 · end of year $8,284

  • 14 · Intangible assets

    beginning of year $5,780 · end of year $5,172

  • 15 · Other assets

    beginning of year $42,000 · end of year $42,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $200,493 · end of year $55,456

Mission and programs · 2023

Mission

TO PROVIDE MINORITY, AT-RISK, UNDERPRIVELEGED OR SPECIAL NEEDS CHILDREN AND THEIR FAMILIES EDUCATIONAL OPPORTUNITIES AND EXPERIENCES AT WESTERN NY'S ART, CULTURAL, SCIENTIFIC, SPORTS AND ENTERTAINMENT INSTITUTIONS LOCATED WITHIN ERIE AND NIAGARA COUNTY, NEW YORK.

  • GRANT FUNDS WERE USED TO PROVIDE FREE ADMISSION TICKETS TO MINORITY, AT-RISK, UNDERPRIVELEGED OR SPECIAL NEEDS CHILDREN, TO THE ZOO, MUSEUMS, AND CRADLE BEACH INC. FUTURE PLANS INCLUDE FUNDING CAPITAL IMPROVEMENTS TO THE ZOO'S BISON HABITAT.THE FOUNDATION ALSO FACILITATED THE DONATION TO CRADLE BEACH INC FOR RENOVATIONS TO THE CHILDREN'S BASKETBALL COURTS TO SUPPORT THE CAMPERS OF CRADLE BEACH WHO ARE OF MINORITY, AT RISK, UNDERPRIVILEGED OR SPECIAL NEEDS.

    Expenses $119,185 · Grants $119,185

As filed on the 2023 return.

Listed in Part VII

  • Aaron Stahura

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Edward Kresconko

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Abigail Gregory

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Lippes

    SECRETARY

    Total calculated
    $3,813
    From this org
    $3,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Martin Szymanski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Assad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Feine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • ZOOLOGICAL SOCIETY OF BUFFALO INC

    $51,265

    PROVIDE FREE ADMISSION TICKETS TO MINORITY, AT RISK, UNDERPRIVILEGED, OR SPECIAL NEEDS CHILDREN TO THE ZOO. ALSO SUPPORTED RENOVATION OF THE BISON EXHIBIT.

  • CRADLE BEACH INC

    $30,500

    PROVIDE RENOVATIONS FOR CHILDREN'S BASKETBALL COURT TO SUPPORT THE CAMPERS OF CRADLE BEACH. THESE CAMPERS ARE OF MINORITY, AT RISK, UNDERPRIVILEGED OR SPECIAL NEEDS.

  • BUFFALO FINE ARTS ACADEMY

    $25,000

    PROVIDE SUPPLIES AND FUNDING TO HOLD THE ART ALIVES EVENT SO THAT MINORITY, AT RISK, UNDERPRIVILEGED, OR SPECIAL NEEDS CHILDREN FROM SCHOOLS CAN ATTEND THE EVENT.

  • EXPLORE AND MORE MUSEUM

    $10,920

    PROVIDE 1,250 FREE ADMISSION TICKETS TO MINORITY, AT RISK, UNDERPRIVILEGED, OR SPECIAL NEEDS CHILDREN TO VISIT THE MUSEUM.

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2024
IRS schema version
2023v5.1
Source object
202443209349314574

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