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Nonprofiteer
← BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC

Form 990 for tax year 2022

Filed by BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC.

Totals

Total revenue
$1,264,552
Total expenses
$1,740,242
Contributions and grants received
$361,245
Grants paid
$1,630,691
Program service revenue
$0
Investment income
$903,307
Other revenue
$0
Total assets, end of year
$36,991,031
Total liabilities, end of year
$102,599
Net assets or fund balances, end of year
$36,888,432
Program services expenses (Part IX)
$1,630,691
Management and general expenses
$109,551
Fundraising expenses
$0
Program service expenses (Part III)
$1,630,691

Program services were 93.7% 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

    $361,245

  • 3 · Investment income

    total $869,652 · excluded $869,652

  • 7a · Gross sales of assets other than inventory

    securities $8,465,010

  • 7b · Less cost or other basis and sales expenses

    securities $8,431,355

  • 7c · Gain or loss

    securities $33,655

  • 7d · Net gain or loss

    total $33,655 · excluded $33,655

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,630,691 · program services $1,630,691

  • 11f · Fees: investment management

    total $104,016 · management and general $104,016

  • 11g · Fees: other

    total $3,200 · management and general $3,200

  • 23 · Insurance

    total $1,370 · management and general $1,370

  • 24a · Other expenses: FILING FEES

    total $775 · management and general $775

  • 24b · Other expenses: BANK CHARGES

    total $190 · management and general $190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78 · end of year $2,228

  • 2 · Savings and temporary cash investments

    beginning of year $1,953 · end of year $23,675

  • 3 · Pledges and grants receivable

    beginning of year $845,753 · end of year $965,223

  • 11 · Investments: publicly traded securities

    beginning of year $34,137,863 · end of year $35,999,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,599 · end of year $102,599

  • 27 · Net assets without donor restrictions

    beginning of year $31,543,025 · end of year $33,364,205

  • 28 · Net assets with donor restrictions

    beginning of year $3,440,023 · end of year $3,524,227

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SOLICIT, RECEIVE AND MAINTAIN AN ENDOWMENT FUND FOR THE BENEFIT OF THE BUFFALO PHILHARMONIC ORCHESTRA SOCIETY, INC.

Activities or mission (Part I)

THE BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION WHOSE PRIMARY PURPOSE IS TO SOLICIT, RECEIVE AND MAINTAIN AN ENDOWMENT FUND FOR THE BENEFIT OF THE BUFFALO PHILHARMONIC ORCHESTRA SOCIETY, INC. AND TO ASSURE THE CONTINUED AVAILABILITY OF LIVE PERFORMANCE OF SYMPHONIC MUSIC BY PROFESSIONAL MUSICIANS.

  • REQUIRED ANNUAL DISTRIBUTION OF FUND INCOME TO SUPPORT THE BUFFALO PHILHARMONIC ORCHESTRA SOCIETY, INC.

    Expenses $1,630,691 · Grants $1,630,691

As filed on the 2022 return.

Listed in Part VII

  • John J Zak

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Holly Hejmowski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Aleks Spellman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Karen Arrison

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Micheal Munschauer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Hart

    EXECUTIVE DIRECTOR

    Total calculated
    $382,326
    From this org
    $0
    From related orgs
    $358,976
    Other
    $23,350
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,976 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,350 related
    Filer's total
    $0 + $382,326 related

  • Kevin James

    VP OF FINANCE & ADMINISTRA

    Total calculated
    $137,032
    From this org
    $0
    From related orgs
    $119,697
    Other
    $17,335
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 July 2024
IRS schema version
2022v5.0
Source object
202401979349301005

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