Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $73,906,758

• 1f · All other contributions, gifts and grants

  $4,375,777

• 2a · Program service revenue: FACULTY PRACTICE

  total $12,959,415 · related or exempt $12,959,415

• 2b · Program service revenue: STUDENT HEALTH INSURANCE

  total $5,037,655 · related or exempt $5,037,655

• 2c · Program service revenue: OTHER EDUCATIONAL SERVICE

  total $4,895,432 · related or exempt $4,895,432

• 2d · Program service revenue: DENTAL STUDENT TRAINING

  total $3,158,032 · related or exempt $3,158,032

• 2e · Program service revenue: RENTAL INCOME

  total $2,523,464 · related or exempt $2,523,464

• 2f · All other program service revenue

  total $4,063,256 · related or exempt $4,048,256 · unrelated business $15,000

• 3 · Investment income

  total $235,424 · excluded $235,424

• 9a · Gaming: gross income

  $63,480

• 9b · Gaming: direct expenses

  $26,873

• 9c · Net income from gaming

  total $36,607 · excluded $36,607

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,426,931 · program services $7,426,931

• 2 · Grants to domestic individuals

  total $27,667,534 · program services $27,667,534

• 5 · Compensation of officers, directors and key employees

  total $760,919 · management and general $760,919

• 7 · Other salaries and wages

  total $2,836,368 · management and general $2,836,368

• 8 · Pension plan contributions

  total $186,184 · management and general $186,184

• 9 · Other employee benefits

  total $513,972 · management and general $513,972

• 10 · Payroll taxes

  total $603,962 · management and general $603,962

• 11a · Fees: management

  total $368 · management and general $368

• 11b · Fees: legal

  total $171,290 · program services $87,180 · management and general $84,110

• 11c · Fees: accounting

  total $489,952 · program services $112,317 · management and general $377,635

• 11d · Fees: lobbying

  total $77,000 · program services $77,000

• 11e · Fees: professional fundraising services

  total $622,828 · fundraising $622,828

• 11f · Fees: investment management

  total $76,038 · program services $76,038

• 11g · Fees: other

  total $12,720,061 · program services $12,372,479 · management and general $142,412 · fundraising $205,170

• 12 · Advertising and promotion

  total $275,062 · program services $274,284 · fundraising $778

• 13 · Office expenses

  total $3,693,515 · program services $3,553,190 · management and general $37,913 · fundraising $102,412

• 14 · Information technology

  total $1,832,914 · program services $1,296,519 · management and general $355,626 · fundraising $180,769

• 16 · Occupancy

  total $538,474 · program services $425,293 · management and general $113,081 · fundraising $100

• 17 · Travel

  total $4,574,054 · program services $4,206,321 · management and general $13,445 · fundraising $354,288

• 19 · Conferences, conventions and meetings

  total $4,638,864 · program services $4,409,853 · management and general $33,964 · fundraising $195,047

• 22 · Depreciation, depletion and amortization

  total $19,867 · management and general $19,867

• 23 · Insurance

  total $123,684 · program services -$70,684 · management and general $194,368

• 24a · Other expenses: NON-EMPLOYEE REG SALARY

  total $30,260,673 · program services $22,587,661 · fundraising $7,673,012

• 24b · Other expenses: IFR REIMBURSE SALARY/FR

  total $5,842,232 · program services $5,842,232

• 24c · Other expenses: MATERIALS AND SUPPLIES

  total $2,255,793 · program services $2,191,433 · management and general $13,153 · fundraising $51,207

• 24d · Other expenses: OTHER

  total $2,026,946 · program services $1,999,446 · management and general $17,084 · fundraising $10,416

• 24e · All other expenses

  total $174,598 · program services $174,598

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,873,535 · end of year $4,237,128

• 4 · Accounts receivable

  beginning of year $779,331 · end of year $823,702

• 10a · Land, buildings and equipment: cost or other basis

  $2,065,569

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,933,080

• 10c · Land, buildings and equipment, net

  beginning of year $152,356 · end of year $132,489

• 15 · Other assets

  beginning of year $142,454,602 · end of year $140,346,443

• 17 · Accounts payable and accrued expenses

  beginning of year $11,365,839 · end of year $10,191,296

• 21 · Escrow or custodial account liability

  beginning of year $1,481,691 · end of year $1,368,797

• 24 · Unsecured notes and loans payable

  beginning of year $5,823,506 · end of year $5,458,296

• 25 · Other liabilities

  beginning of year $3,325,802 · end of year $3,476,650

• 27 · Net assets without donor restrictions

  beginning of year $124,262,986 · end of year $125,044,723

The filer's explanations (Part III)

PART I, LINE 1A

RELEVANT INFORMATION REGARDING COMPENSATION BENEFITS UB FOUNDATION ACTIVITES, INC. FOLLOWS A WRITTEN POLICY REGARDING TRAVEL, ENTERTAINMENT, GIFTS, AND MISCELLANEOUS EXPENSES. THE ABOVE POLICY PROVIDES GUIDANCE ON THE TRAVEL EXPENDITURES FOR COMPANIONS. THE POLICY STATES THAT TRAVEL EXPENSES FOR THE SPOUSE OF A UNIVERSITY AT BUFFALO OR UNIVERSITY AT BUFFALO FOUNDATION, INC. (INCLUDING UB FOUNDATION ACTIVITIES, INC.) OFFICIAL IS GENERALLY NOT REIMBURSABLE UNLESS THE SPOUSE'S PRESENCE IS GERMANE TO THE BUSINESS PURPOSE OF THE EVENT THAT BROUGHT ABOUT THE TRAVEL. THE ABOVE POLICY PROVIDES GUIDANCE ON MEALS AND ENTERTAINMENT AND STATES THAT SUCH EXPENDITURES ARE PERMITTED WHEN CLEARLY RELATED TO ADVANCING THE INTERESTS OF THE UNIVERSITY AT BUFFALO OR UNIVERSITY AT BUFFALO FOUNDATION, INC. (INCLUDING UB FOUNDATION ACTIVITIES, INC.) SPECIFICALLY UB FOUNDATION ACTIVITIES, INC. PAYS DUES FOR THE CHIEF EXECUTIVE OFFICER AND UNIVERSITY PRESIDENT TO A LOCAL BUSINESS/SOCIAL CLUB. THE CLUB IS USED ENTIRELY TO CONDUCT BUSINESS OF THE UNIVERSITY AT BUFFALO OR UNIVERSITY AT BUFFALO FOUNDATION, INC. AND AFFILIATES (INCLUDING UB FOUNDATION ACTIVITIES, INC.)

PART I, LINE 7

THE SENIOR DIRECTOR OF ADMINISTRATION RECEIVED NON-FIXED PAYMENTS. THESE NON-FIXED PAYMENTS WERE PERFORMANCE-BASED, AND ULTIMATELY APPROVED BY SENIOR MANAGEMENT. THE NON-FIXED PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (II).

PART II

COMPENSATION THE INDIVIDUALS LISTED AS "HIGHEST COMPENSATED EMPLOYEES AND "KEY EMPLOYEES" ARE PAID BY UB FOUNDATION ACTIVITES, INC. AND THE TAXABLE COMPENSATION FOR EACH IS REPORTED ON FORM W-2. UB FOUNDATION ACTIVITIES, INC. HAS REPORTED ITS HIGHEST COMPENSATED EMPLOYEES IN WHICH THEY HAVE DIRECTION AND CONTROL. UB FOUNDATION ACTIVITES, INC. ALSO PAYS COMPENSATION TO UNIVERSITY AT BUFFALO EMPLOYEES IN WHICH DIRECTION AND CONTROL IS MAINTAINED BY THE UNIVERSITY AT BUFFALO. AS SUCH, THESE INDIVIDUALS DO NOT MEET THE STATUS OF AN EMPLOYEE OF UB FOUNDATION ACTIVITIES, INC. UNDER THE COMMON LAW RULES APPLICABLE IN DETERMINING THE EMPLOYER/EMPLOYEE RELATIONSHIP. BASED UPON THE FORM 990 DEFINITIONS OF "RELATED ORGANIZATION" THE UNIVERSITY AT BUFFALO IS ALSO NOT CONSIDERED A RELATED ORGANIZATION TO UB FOUNDATION ACTIVITES, INC. THE BOARD OF DIRECTORS OF UB FOUNDATION ACTIVITIES, INC. IS NOT COMPRISED OF A MAJORITY OF THE UNIVERSITY AT BUFFALO'S BOARD OF TRUSTEES. NOR DOES THE UNIVERSITY AT BUFFALO HAVE THE POWER TO REPLACE, APPOINT, ELECT, APPROVE/VETO THE APPOINTMENT OR ELECTION OF, A MAJORITY OF UB FOUNDATION ACTIVITES, INC.'S DIRECTORS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• UBFA LLC

  FACIL. PROJ. · NY · income $0 · assets $0

  Directly controlled by UB FOUNDATION ACTIVITIES INC

• UDSMR LLC - 86-1784950

  MEDICAL REHAB · NY · income $0 · assets $357,185

  Directly controlled by UB FOUNDATION ACTIVITIES INC