Nonprofit · EIN 86-1647131
43NORTH FOUNDATION INC
Tax-exempt · BUFFALO, NY 14203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,396,466 | $258,205 | $3,138,261 | $61,207,539 | $62,787 | $61,144,752 |
| December 31, 2023 | 990 | $317,644 | $1,064,309 | -$746,665 | $57,425,416 | $0 | $57,425,416 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,161,345
- Program service revenue
- $0
- Investment income
- $1,235,121
- Net gain from sales of assets
- -$1,588,724
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,000
- Salaries, compensation and benefits (total)
- $23,089
- Professional fundraising fees
- $0
- Legal fees
- $40,079
- Accounting fees
- $43,970
- Program services (functional)
- $43,474
- Management and general (functional)
- $214,731
Balance sheet and other
- Total assets, start of year
- $57,425,416
- Total assets, end of year
- $61,207,539
- Total liabilities, end of year
- $62,787
- Net assets, end of year
- $61,144,752
- Publicly traded securities
- $57,297,110
- Net assets without donor restrictions
- $61,144,752
- Gross receipts
- $18,597,779
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2020
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM PETRIE | TREASURER Trustee or director, Officer | 5 | $20,000 |
| WILLIAM MAGGIO | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ERIC REICH | BOARD MEMBER Trustee or director | 5 | $0 |
| RON SCHREIBER | BOARD MEMBER Trustee or director | 5 | $0 |
| JORDAN LEVY | BOARD MEMBER Trustee or director | 5 | $0 |
| ALLEN PETE GRUM | BOARD MEMBER Trustee or director | 5 | $0 |
| SHARON RANDACCIO | BOARD MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM PETRIE | TREASURER Trustee or director, Officer | 5 | $20,000 |
| WILLIAM MAGGIO | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ERIC REICH | BOARD MEMBER Trustee or director | 5 | $0 |
| RON SCHREIBER | BOARD MEMBER Trustee or director | 5 | $0 |
| JORDAN LEVY | BOARD MEMBER Trustee or director | 5 | $0 |
| ALLEN PETE GRUM | BOARD MEMBER Trustee or director | 5 | $0 |
| SHARON RANDACCIO | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1 WEST SENECA STREET 24TH FLR, BUFFALO, NY 14203-2734
- In care of
- % KAVINOKY COOK LLP
- Principal officer (990 for 2024)
- SARAH TANBAKUCHI, 1 WEST SENECA STREET 24TH FLR, BUFFALO, NY 14203
- Signed the 990
- SARAH TANBAKUCHI, CEO
- Phone
- (716) 332-7980
- Website
- WWW.43NORTHFOUNDATION.ORG
- Return prepared by
- WITHUM SMITH & BROWN PC
Mission
INFUSE OUR REGION WITH OPPORTUNITIES BY INVESTING IN ORGANIZATIONS, IDEAS, AND INNOVATION - AND IN MAKING BUFFALO THE BEST IT CAN BE
Program accomplishments
- MAKE BUFFALO THE BEACON OF TECHNOLOGICAL INNOVATION AND ECONOMIC GROWTH.Expenses $43,474
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1647131
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $61,207,539
- Income (IRS master file)
- $18,597,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,396,466 | $258,205 | $61,207,539 | XML |
| 990 | December 2023 | $317,644 | $1,064,309 | $57,425,416 | XML |
| 990 | December 2022 | $830,910 | $155,949 | $47,245,822 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-1647131).
Questions about 43NORTH FOUNDATION INC
- What is the EIN of 43NORTH FOUNDATION INC?
- The employer identification number (EIN) of 43NORTH FOUNDATION INC is 86-1647131.
- Is 43NORTH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to 43NORTH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 43NORTH FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 43NORTH FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 43NORTH FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 43NORTH FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SARAH TANBAKUCHI.
- Who are the officers and directors of 43NORTH FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $20,000 (ADAM PETRIE, TREASURER).
- How much revenue does 43NORTH FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,396,466, expenses of $258,205 and total assets of $61,207,539 at year end.
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