Overview
What is Buffalo Place Foundation?
Buffalo Place Foundation, as presented in the information, is a nonprofit organization situated in Downtown Buffalo. Their primary mission is to enhance the economic vitality and overall quality of life within the area. Their core activity revolves around downtown revitalization, aiming to foster a thriving and livable urban environment. The foundation does not provide specific details about the initiatives or programs they implement to accomplish this mission, but their mission statement underscores their commitment to improving Downtown Buffalo.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Buffalo Place Foundation has achieved a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The foundation scores particularly well in areas such as independence of board members and financial statement audits, reflecting strong governance and oversight practices. The high program expense ratio suggests that a significant portion of its expenditures are directed towards its mission-related activities.
Despite these strengths, the foundation does have some notable gaps in its policies. Specifically, it lacks a whistleblower policy and guidelines for document retention and destruction, which may raise concerns about transparency and risk management. These missing elements could affect its overall rating if not addressed in the future.
Overall, the Buffalo Place Foundation demonstrates a commitment to accountability and efficient use of funds, but improvements in governance policies could further enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo Place Foundation legitimate?
Buffalo Place Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Place Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $947,648
For more financial information, click here
What is the mission statement of Buffalo Place Foundation?
The Buffalo Place Foundation, as a not-for-profit organization, is committed to enhancing the economic vitality and overall quality of life in the downtown area. Buffalo Place Inc serves this purpose, focusing on revitalizing the downtown sector. Their mission is to Foster economic growth and improve the livability of downtown areas, thereby contributing positively to the community. They strive to promote a thriving and attractive downtown environment, thereby driving social and economic development.
Who is the CEO of Buffalo Place Foundation?
Keith M Belanger is the Chairperson of Buffalo Place Foundation.
What is the revenue of Buffalo Place Foundation?
Buffalo Place Foundation's revenue in 2022 was $2,105,241.
Who are the executives of Buffalo Place Foundation and what are their salaries?
The average compensation at Buffalo Place Foundation during 2022 was $27,076. There are 35 employees at Buffalo Place Foundation.
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- Related: $184,038
- Other: $5,289
Where can I find the form 990 for Buffalo Place Foundation?
Buffalo Place Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Buffalo Place Foundation
Buffalo Place Foundation, as a not-for-profit organization, is committed to enhancing the economic health and improving the overall quality of life in Downtown Buffalo. This mission-driven entity, known as Buffalo Place Inc., is dedicated to revitalizing the downtown area, striving to create a vibrant and thriving community. By focusing on economic growth and community well-being, Buffalo Place Foundation aims to contribute positively to the city's downtown district, ultimately benefiting both its residents and visitors.
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Impact
October, 2024
Buffalo Place Foundation significantly contributes to the downtown revitalization of Buffalo, NY, enhancing both the economic health of the area and the overall quality of life for its residents and visitors. By focusing on urban development and community engagement, the Foundation creates vibrant spaces that attract businesses and residents alike. Its efforts help to stimulate local economies, promote cultural events, and foster a sense of community, thereby transforming Downtown Buffalo into a dynamic and thriving hub. Through various initiatives, the Foundation plays a crucial role in ensuring that the city remains an appealing destination, fostering civic pride and social cohesion among its inhabitants.
This information is meant to be a general summary of Buffalo Place Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,544,231
- Gross Receipts: $2,105,241
Assets and Liabilities:
- Total Assets: $2,117,377
- Total Liabilities: $139,811
- Net Assets: $1,977,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISTRICT ASSESSMENT
Revenue
$1,305,358
FEES & CONTRACTS
Revenue
$212,873
FOUNTAIN PLAZA OPERATI
Revenue
$26,000
Organization Details
Founding Year
1991
Phone
(716) 856-3150Principal Officer
Keith M Belanger
Main Address
671 MAIN STREET, BUFFALO, NY, 14203
NTEE Category
Code: R99Z - Civil rights
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