Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc in Buffalo, New York (NY)

Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc
Employer Identification Number (EIN)	166018833
Name of Organization	Faculty Students Association Of State University Of New York
Secondary Name	Univ Of N Y At Buffalo Inc
Address	146 Fargo Quad Box 610020, Buffalo, NY 14261-0050
Activities	Other school related activities, Other youth organization or activities
Subsection	Educational Organization
Ruling Date	05/1966
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	05/2014
Assets	$10,000,000 to $49,999,999
Income	$10,000,000 to $49,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$31,819,986
Amount of Income	$36,874,067
Form 990 Revenue Amount	$36,874,067
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: University or Technological Institute

Non-representatives - add comments:

Amount of income in 2014: $36,874,067 (it was $33,640,364 in 2013)

Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc:	$36,874,067
Other organizations performing similar types of work:	$1,326,792

Assets in 2014: $31,819,986 (it was $27,372,484 in 2013)

This organization:	$31,819,986
Other organizations performing similar types of work:	$3,906,121

Expenses in 2014: $33,430,946

This organization:	$33,430,946
Other organizations performing similar types of work:	$627,863

Income to expenses ratio in 2014: 1.1

Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc:	1.1
Other organizations performing similar types of work:	2.2

Employees paid over $100,000 in 2014: 0.1%

Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc:	0.1%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2014: 0.0%

Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc:	0.0%
Other organizations performing similar types of work:	38.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		46	142
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		1,960	1,958
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$123,799	$131,071
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$13,510	$17,148
Total number of individuals who received more than $100,000 of reportable compensation from the organization	1	1
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2012	2013	2014
Statement of Revenue
Total revenue	$30,741,563	$33,640,364	$36,874,067
Contributions, Gifts, Grants and Other Similar Amounts	$0	$0	$0
Program Service Revenue	$30,299,934	$33,298,962	$36,404,165
Caterers		$26,890,627	$32,631,820
452000		$4,188,451	$1,710,179
452000		$1,751,186	$1,575,207
900009		$468,698	$486,959
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$199,070	$145,116	$270,876
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$242,559	$196,286	$199,026
900099		$196,286	$199,026
All other revenue		$0	$0

	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$29,246,722	$31,466,670	$33,430,946
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$113,504	$123,799	$0
Compensation not included above, to disqualified persons		$0	$131,071
Other salaries and wages	$7,869,756	$8,297,661	$8,874,937
Pension plan accruals and contributions		$341,266	$355,099
Other employee benefits		$1,497,757	$1,828,450
Payroll taxes	$1,003,921	$1,078,592	$945,753
Fees for services (non-employees)
Management		$0	$0
Legal		$41,394	$52,433
Accounting		$29,425	$29,400
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$0	$0
Other		$0	$0
Advertising and promotion		$225,957	$163,891
Office expenses		$228,977	$224,977
Information technology		$221,265	$288,544
Royalties		$0	$0
Occupancy		$639,861	$623,274
Travel		$102,791	$94,176
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$0	$0
Interest		$338,969	$492,917
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$1,103,780	$1,506,185
Insurance		$399,655	$433,533
Other expenses		$10,074,595	$10,136,453
Other expenses		$3,328,063	$3,392,862
Other expenses		$2,326,752	$2,566,127
Other expenses		$281,329	$312,605
Other expenses		$784,782	$978,259

	2012	2013	2014
Balance Sheet
Total assets	$15,022,283	$27,372,484	$31,819,986
Cash - non-interest-bearing		$6,338,760	$7,167,823
Savings and temporary cash investments		$1,011,400	$3,017,971
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$1,045,587	$1,067,606
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$956,738	$1,004,522
Prepaid expenses and deferred charges		$64,399	$79,708
Land, buildings, and equipment: cost or other basis		$13,466,066	$12,581,901
Investments - publicly traded securities		$4,489,534	$6,900,455
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$0	$0
Total liabilities	$6,196,324	$16,008,979	$16,785,968
Accounts payable and accrued expenses		$3,171,664	$4,013,240
Grants payable		$0	$0
Deferred revenue		$243,964	$214,111
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$2,952,878	$11,912,915	$10,835,017
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$680,436	$1,723,600
Total net assets or fund balances	$8,825,959	$11,363,505	$15,034,018
Unrestricted net assets		$11,363,505	$15,034,018
Temporarily restricted net assets		$0	$0
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported	1
Sum of amounts of support	$3,104,752

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2009)
Total	$1,251,891	$0	$125,189
Gross receipts or sales less returns and allowances	$180,811	$0	$0
Cost of goods sold	$556,221	$0	$0
Gross profit	$125,189	$0	$125,189
Capital gain net income	$0	$0	$0
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$0	$0	$0
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$0	$0	$0
Other income	$0	$0	$0

Deductions Not Taken Elsewhere (for 2009)
Total deductions	$132,314
Compensation of officers, directors, and trustees	$0
Salaries and wages	$71,209
Repairs and maintenance	$3,193
Bad debts	$0
Interest	$0
Taxes and licenses	$9,290
Charitable contributions	$0
Depreciation	$1,792
Depletion	$0
Contributions to deferred compensation plans	$0
Employee benefit programs	$0
Excess exempt expenses	$0
Excess readership costs	$0
Other deductions	$46,830
Unrelated business taxable income	$-7,125
Unrelated business taxable income before net operating loss deduction	$-7,125
Net operating loss deduction	$0
Unrelated business taxable income before specific deduction	$-7,125
Specific deduction	$1,000

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Cornell University Foundation	130 E Seneca St Ste 400, Ithaca, NY 14850-4353	NY	1988-03	$56,640,438
2	Americans For Oxford Inc	500 5th Ave Fl 32, New York, NY 10110-3299	NY	1987-06	$47,324,086
3	The Northern Michigan University Foundation	1401 Presque Isle Ave 603 Cohodas, Marquette, MI 49855	MI	1969-09	$44,734,231
4	University Of Kansas Memorial	1301 Jayhawk Blvd Rm 315, Lawrence, KS 66045-7593	KS	1929-11	$40,153,610
5	Faculty Students Association Of State University Of New York, Univ Of N Y At Buffalo Inc	146 Fargo Quad Box 610020, Buffalo, NY 14261-0050	NY	1966-05	$36,874,067
6	University Auxiliary Services At Albany Inc	1215 Western Ave Uab 232 2nd Flr, Albany, NY 12222-0001	NY	1953-01	$32,612,756
7	Winthrop University Foundation	302 Tillman Hall, Rock Hill, SC 29733-0001	SC	1976-04	$26,695,497
8	Auxiliary Services State University College At Oswego Inc	506 Culkin Hall, Oswego, NY 13126-3525	NY	1952-09	$25,722,480
9	University Of Montevallo Foundation	Station 6215, Montevallo, AL 35115	AL	1979-08	$23,763,734
10	Stephen F Austin State University Alumni Foundation	PO BOX 6096 SFA STATION, Nacogdoches, TX 75962-0001	TX	1971-06	$17,726,041
11	Campus Auxiliary Services Inc, State University College Geneseo Ny	Blake A Bldg Suny At Geneseo, Geneseo, NY 14454	NY	1953-02	$16,655,409
12	Western Oregon University Development Foundation	The Cottage 345 N Monmouth Avenue, Monmouth, OR 97361	OR	1965-02	$12,107,765
13	Tulane Murphy Foundation Inc	1030 Audubon St, New Orleans, LA 70118-5239	LA	1971-06	$10,233,759
14	Suny Cobleskill Auxiliary Services Inc	152 Albany Ave, Cobleskill, NY 12043	NY	1970-03	$7,811,290
15	Auxiliary Service Corp Of The Agricultural & Tech Coll At Frmgdl	Melville Road Roosevelt Hall, Farmingdale, NY 11735	NY	1958-05	$1,549,390
16	Friends Of Jerusalem College Of Technology Ltd	1 W 34th St Rm 801, New York, NY 10001-2230	NY	1976-02	$350,819
17	State University Of New York At Albany Benevolent Association Inc	Alumni House 1400 Washington Ave, Albany, NY 12222-0001	NY	1937-12	$282,056
18	Dalhousie University Foundation Inc	C/O Todd Parkin 4 East 89th Street, New York, NY 10128	NY	1957-11	$178,469
19	William J Matheson Foundation Inc	535 Madison Ave Fl 24, New York, NY 10022-4260	NY	1955-04	$120,255
20	Cornell Research Foundation Inc, Controllers Office	395 Pine Tree Rd Ste 310, Ithaca, NY 14850-2826	NY	1940-08	$441

Number of organizations performing similar types of work

Alaska	1
Alabama	8
Arkansas	2
Arizona	2
California	15
Colorado	1
Connecticut	7
District of Columbia	1
Florida	4
Georgia	2
Iowa	4
Idaho	1
Illinois	15
Indiana	7
Kansas	3
Kentucky	1
Louisiana	6
Massachusetts	6
Maryland	4
Maine	1
Michigan	10
Minnesota	3
Missouri	2
Mississippi	1

Montana	1
North Carolina	11
Nebraska	2
New Jersey	2
New Mexico	1
Nevada	1
New York	14
Ohio	14
Oklahoma	3
Oregon	4
Pennsylvania	12
Rhode Island	2
South Carolina	6
South Dakota	2
Tennessee	4
Texas	19
Utah	1
Virginia	4
Washington	6
Wisconsin	11
West Virginia	2
Wyoming	2
International	2

Total

233

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