STITCH BUFFALO INC

EIN: 820848653 501(c)(3) Arts, Culture & Humanities

BUFFALO, NY

Total Revenue
$999,901
Total Expenses
$696,061
Total Assets
$1,778,727
Net Assets
$1,133,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
MEENAKSHI GUPTA
Phone
7164959642
Tax Period
2024-01-01 to 2024-12-31

STITCH BUFFALO INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $1000K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $304K, a strong 30% operating margin.

Mission

AN INCLUSIVE SPACE FOR REFUGEE AND IMMIGRANT WOMEN TO CREATE HANDCRAFTED GOODS AND FIND ECONOMIC EMPOWERMENT; A TEXTILE ART CENTER FOR COMMUNITY MEMBERS TO GAIN AND SHARE SKILLS IN THE TEXTILE ARTS; AND AN ORGANIZATION COMMITTED TO STEWARDING THE ENVIRONMENT THROUGH THE RE-USE OF TEXTILE SUPPLIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $565,654
Program Service Revenue $428,102
Investment Income $0
Other Revenue $6,145
TOTAL REVENUE $999,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $246,519
Fundraising Expenses $0
Program Expenses $551,631
Other Expenses $449,542
TOTAL EXPENSES $696,061

Year-over-Year Comparison

2024 2023 Change
Revenue $999,901 $1,118,733 -0.1%
Expenses $696,061 $493,234 +0.4%
Net Income $303,840 $625,499 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
75

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY ALVAREZ SECRETARY N/A
Officer Director
$0 $0 $0
CHRISTINE FONTANEDA BOARD MEMBER N/A
Director
$0 $0 $0
KAYLA GLEASON BOARD MEMBER N/A
Director
$0 $0 $0
MEENAKSHI GUPTA TREASURER N/A
Officer Director
$0 $0 $0
ELIZABETH LOVRIA VICE PRESIDE N/A
Officer Director
$0 $0 $0
TASHI FABIAN SHERPA BOARD MEMBER N/A
Director
$0 $0 $0
MUNAWARA SULTANA BOARD MEMBER N/A
Director
$0 $0 $0
NAOMI THOMPSON BOARD MEMBER N/A
Director
$0 $0 $0
JOANN TOMASULO BOARD MEMBER N/A
Director
$0 $0 $0
PATRICIA WATSON PRESIDENT N/A
Officer Director
$0 $0 $0
JANE CAMERON BOARD MEMBER N/A
Officer
$0 $0 $0
DAWN HOEG EXECUTIVE DI N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $999,901 $696,061 $1,778,727 $303,840
2024 No data No data No data No data
2023 $1,118,733 $493,234 $949,603 $625,499
2022 $460,514 $377,466 $215,206 $83,048
2021 $320,180 $281,391 $128,722 $38,789
2020 $221,983 $208,082 $93,690 $13,901
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