UB Foundation
Legal name: UB Foundation Activities Inc
Nonprofit profile at a glance
- EIN
- 161372561
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Buffalo, New York, USA
- Phone
- (716) 645-3013
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $104,263,165
- Expenses
- $103,680,365
- Assets
- $146,007,494
- Liabilities
- $20,379,971
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- ANASTACIA S KNAPPER (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ANASTACIA S KNAPPER (CHIEF EXECUTIVE OFFICER): $463,825 total reported compensation
- PATRICK RICHEY (CHIEF FINANCIAL OFFICER): $302,367 total reported compensation
- ARTURO GUTIERREZ ZATARAIN (DIRECTOR OF INVESTMENTS): $294,573 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The UB Foundation is a private, independent organization that strengthens the University at Buffalo's ability to attract top faculty and students, and gives the university the flexibility to respond quickly to changing market conditions.
What it reported doing in 2024
The faculty practice plan includes more than 450 physicians who are also professors at the state university of New York at buffalo school of medicine and biomedical sciences. As professors, they conduct hands-on research and teach classes at the school of medicine and play a significant role in accomplishing the university's educational purpose. The organization furthers its exempt purpose by providing administrative support to this activity.
Operating model
- Revenue model
- Affiliate-supported. 74% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 88
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.3%; rating input score 84
- Program expense ratio: 84.8%; rating input score 85
- Fundraising efficiency: $8.17 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 1.41; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 84.3% of revenue deployed · 84.8% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $87.9M in reported program spending
- Leadership: top reported pay $464K · 15 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4M reported
- Consistency: 42 of 42 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.