2024-05-13T17:34:06-05:00 2023-06-30 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2022-07-01 161372560 UBF FACULTY-STUDENT HOUSING CORP UBFF 7166453011 BOX 900 BUFFALO NY 142260900 PATRICK E RICHEY CHIEF FINANCIAL OFFICER 7166453011 2024-05-09 1 PATRICK RICHEY 999009999 1 MARILYN E FARLEY P01231880 5184274600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANASTACIA S KNAPPER BOX 900 BUFFALO NY 142260900 33807751 0 X WWW.UBFOUNDATION.BUFFALO.EDU X 1997 NY TO SUPPORT THE EDUCATIONAL PURPOSES OF THE UNIVERSITY AT BUFFALO AND TO LESSEN THE BURDEN OF GOVERNMENT BY ACQUIRING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL FACILITIES FOR STUDENTS AND FACULTY. 8 8 0 9 0 0 0 6000000 26597944 27597980 -1620941 -171630 -805751 0 24171252 33426350 740000 740000 0 0 0 0 0 0 0 19930232 19375432 20670232 20115432 3501020 13310918 134856009 142553536 110544879 103774601 24311130 38778935 TO SUPPORT THE EDUCATIONAL PURPOSES OF THE UNIVERSITY AT BUFFALO AND TO LESSEN THE BURDEN OF GOVERNMENT BY ACQUIRING, CONSTRUCTING, RENOVATING AND MAINTAINING RESIDENTIAL FACILITIES FOR STUDENTS AND FACULTY. 0 0 20115432 740000 27597980 THE ORGANIZATION CONSTRUCTS AND OPERATES HOUSING FOR STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO. 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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 NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) (3) OF THE INTERNAL REVENUE CODE. UBF FACULTY-STUDENT HOUSING CORP. 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 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, 2023 OR 2022. 1 UB FOUNDATION ACTIVITIES INC BOX 900 BUFFALO NY 14226 161537468 501(C)(3) 740000 0 - - EDUCATIONAL SUPPORT 1 0 PART I, LINE 2: PROCREDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. UBF FACULTY-STUDENT HOUSING CORP.'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. UBF FACULTY-STUDENT HOUSING CORP. 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 338671 0 35000 0 0 0 42661 0 21689 0 438021 0 0 EDWARD SCHNEIDER FORMER EXECUTIVE DIRECTOR 0 0 0 0 0 252969 0 0 0 0 0 252969 0 0 PART I, LINE 1A COMPENSATION UBF FACULTY-STUDENT HOUSING CORP. 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 OR COMPENSATION COMMITTEE. A AMHERST DEVELOPMENT CORP (SERIES 2010B) 222867364 031358AX2 2010-08-26 23975000 REFUND 2000 BOND ISSUE 0 0 0 B AMHERST DEVELOPMENT CORP (SERIES 2017A) 222867364 013158AY0 2017-10-26 71487667 REFUND 2010A BOND 0 0 0 C AMHERST DEVELOPMENT CORP (SERIES 2021A) 222867364 03135NBH3 2021-12-22 25897937 REFUND 2010B BOND ISSUE 0 0 0 A 8004723 23975000 346898 87654 23540448 2010 1 0 1 1 B 15838608 71487667 1081971 309343 70096353 2017 0 1 1 1 C 1841098 25897937 493149 96668 25308120 1 0 0 1 B 0 1 0 0 0.00940 0.00940 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BNY MELLON 25.000000000000 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 REBATE CALCULATION REBATE COMPUTATIONS WERE PERFORMED ON 12/31/2020 FOR THE 2010B AND 2017A BOND ISSUES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS 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 THE AUDIT COMMITTEE'S REVIEW, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ALL DIRECTORS AND OFFICERS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. THEY 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. 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 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. UNIVERSITY AT BUFFALO FOUNDATION INC BOX 900 BUFFALO NY 14226 160865182 EDUCATION SVC NY 501(C)(3) 7 N/A 0 UBF CORP BOX 900 BUFFALO NY 14226 510164454 EDUCATION SVC NY 501(C)(2) N/A N/A 0 FNUB INC BOX 900 BUFFALO NY 14226 161537468 EDUCATION SVC NY 501(C)(3) 7 N/A 0 UNIV AT BUFFALO FOUND INCUBATOR INC BOX 900 BUFFALO NY 14226 161301210 EDUCATION SVC NY 501(C)(3) 12C III-FI N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0