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Nonprofiteer
← BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC

Form 990 for tax year 2024

Filed by BUFFALO PHILHARMONIC ORCHESTRA FOUNDATION INC.

Totals

Total revenue
$3,554,268
Total expenses
$1,952,704
Contributions and grants received
$1,767,605
Grants paid
$1,824,405
Program service revenue
$0
Investment income
$1,786,663
Other revenue
$0
Total assets, end of year
$45,486,941
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$45,486,941
Program services expenses (Part IX)
$1,824,405
Management and general expenses
$128,299
Fundraising expenses
$0
Program service expenses (Part III)
$1,824,405

Program services were 93.4% 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

    $1,767,605

  • 3 · Investment income

    total $813,139 · excluded $813,139

  • 7a · Gross sales of assets other than inventory

    securities $2,399,150

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

    securities $1,425,626

  • 7c · Gain or loss

    securities $973,524

  • 7d · Net gain or loss

    total $973,524 · excluded $973,524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,824,405 · program services $1,824,405

  • 11f · Fees: investment management

    total $119,829 · management and general $119,829

  • 11g · Fees: other

    total $7,000 · management and general $7,000

  • 23 · Insurance

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

  • 24a · Other expenses: BANK CHARGES

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $858 · end of year $2,488

  • 2 · Savings and temporary cash investments

    beginning of year $58,162 · end of year $286,345

  • 3 · Pledges and grants receivable

    beginning of year $1,163,615 · end of year $1,786,219

  • 11 · Investments: publicly traded securities

    beginning of year $39,969,467 · end of year $43,395,867

  • 15 · Other assets

    beginning of year $0 · end of year $16,022

  • 27 · Net assets without donor restrictions

    beginning of year $37,470,725 · end of year $40,938,756

  • 28 · Net assets with donor restrictions

    beginning of year $3,721,377 · end of year $4,548,185

Mission and programs · 2024

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 $1,824,405 · Grants $1,824,405

As filed on the 2024 return.

Listed in Part VII

  • KAREN ARRISON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALEKS SPELLMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • HOLLY HEJMOWSKI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS EMMERLING

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MUNSCHAUER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN YURTCHUK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIEL HART

    EXECUTIVE DIRECTOR

    Total calculated
    $357,015
    From this org
    $0
    From related orgs
    $331,782
    Other
    $25,233
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,782 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,142 related
    Nontaxable benefits
    $0 + $15,091 related
    Filer's total
    $0 + $357,015 related

  • KEVIN JAMES

    VP OF FINANCE & ADMINISTRA

    Total calculated
    $141,355
    From this org
    $0
    From related orgs
    $117,812
    Other
    $23,543
    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
2024
Filed
7 July 2026
IRS schema version
2024v5.5
Source object
202631899349300013

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