Overview
What is Ubf Corporation?
Ubf Corporation is a nonprofit entity primarily focused on leasing and subleasing property for the benefit and support of the University at Buffalo. Located within the university's Amherst campus, Ubf Corporation currently subleases its parcel to two entities. The first, Follett, operates a bookstore providing essential educational resources such as textbooks, supplies, tech supplies, and other necessary products for university students. The second, First Amherst Development, operates an on-campus retail complex called "The Commons," providing necessary services and products to students. Ubf Corporation's mission is to hold title to, acquire, sell, lease, and improve and develop land, buildings, and other real property improvements for the benefit of the University at Buffalo and University at Buffalo Foundation, Inc.
Official website here: www.ub-foundation.org
Is Ubf Corporation legitimate?
Ubf Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ubf Corporation 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: $0
For more financial information, click here
Official website here: www.ub-foundation.org
What is the mission statement of Ubf Corporation?
Ubf Corporation's primary objective is to manage and develop real estate properties for the benefit of the University at Buffalo and the University at Buffalo Foundation, Inc. Specifically, the corporation holds title to, acquires, sells, leases, and improves land, buildings, and other real property enhancements. These properties are then utilized to support the University at Buffalo's educational activities. Currently, Ubf Corporation subleases a parcel of real estate to two entities. One of these entities, Follett, operates a bookstore providing textbooks, supplies, tech supplies, and educational products to university students. The other entity, First Amherst Development, constructed and operates an on-campus retail complex, "The Commons," providing necessary services and products to university students.
Official website here: www.ub-foundation.org
Who is the CEO of Ubf Corporation?
Anastacia Knapper is the CEO of Ubf Corporation The CEO's salary of Ubf Corporation is $0 and their total compensation is $430,050.
Official website here: www.ub-foundation.org
What is the revenue of Ubf Corporation?
Ubf Corporation's revenue in 2024 was $462,708.
Official website here: www.ub-foundation.org
Who are the executives of Ubf Corporation and what are their salaries?
There 7 volunteers at Ubf Corporation.
Here are 9 key members and their salaries (Ubf Corporation's CEO's salary is $0 and their total compensation is $430,050):
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- Related: $361,894
- Other: $68,156
- Compensation: $0
- Related: $248,804
- Other: $29,814
Official website here: www.ub-foundation.org
Where can I find the form 990 for Ubf Corporation?
Ubf Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ub-foundation.org
Learn more at the official website: www.ub-foundation.org
Mission Statement of Ubf Corporation
Ubf Corporation, in its mission, serves to hold title to, acquire, sell, lease, and develop land, buildings, and other real property improvements for the benefit of the University at Buffalo and the University at Buffalo Foundation, Inc. This nonprofit organization plays a crucial role in supporting the university's growth and development by managing and improving real estate properties. By leasing a parcel of real estate from the State of New York, Ubf Corporation then subleases this property to various entities for the benefit and support of the University at Buffalo.
Two such entities currently subleasing from Ubf Corporation are Follett, operating a bookstore on campus, and First Amherst Development, which constructed and operates an on-campus retail complex called "The Commons." These establishments provide necessary services and products to university students, ensuring their academic needs are met, and contributing to a vibrant campus life. Ubf Corporation's mission is pivotal in supporting the University at Buffalo's growth and success by managing and improving real estate properties, ultimately enhancing the educational experience for its students.
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Impact
October, 2024
Ubf Corporation significantly influences the University at Buffalo and its surrounding community through strategic real estate management and development. By holding, acquiring, and leasing properties, Ubf Corporation ensures that essential services and facilities are available to students and faculty on campus.
One notable impact is the subleasing of a parcel within the university's Amherst campus, which directly benefits the educational experience. The bookstore operated by Follett plays a crucial role in meeting students' academic needs by providing textbooks, supplies, and technology. Additionally, the on-campus retail complex, "The Commons," developed by First Amherst Development, enriches student life by offering a variety of services and products that foster community engagement and convenience.
Through these efforts, Ubf Corporation supports the operational needs of the university, enhances the campus environment, and contributes to the overall development of the educational community in Buffalo.
This information is meant to be a general summary of Ubf Corporation. 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 2024.
- Program Service Revenue: $462,708
- Gross Receipts: $462,708
Assets and Liabilities:
- Total Assets: $3,894,026
- Total Liabilities: $1,459,350
- Net Assets: $2,434,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$462,708
Organization Details
Founding Year
1978
Principal Officer
Anastacia S Knapper
Website
www.ub-foundation.orgNTEE Category
Code: S47 - Community improvement
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