Buffalo Niagara Partnership Inc
- Assets
- $3.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Buffalo, NY
- Founding
- 08/1959
- Data as of
- 06/2022
- EIN
- 16-0365700
Organization Overview
Buffalo Niagara Partnership Inc is located in Buffalo, NY. The organization was established in 1959. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Buffalo Niagara Partnership Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Niagara Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Buffalo Niagara Partnership Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BY MOBILIZING MEMBERS AND STRATEGIC PARTNERS AROUND COMMON GOALS, THE PARTNERSHIP GROWS PRIVATE INVESTMENT AND JOBS IN BUFFALO NIAGARA THROUGH ADVOCACY, BUSINESS DEVELOPMENT, AND CONVENING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARTNERSHIP ADVOCATES LOCALLY, IN ALBANY, AND IN WASHINGTON, D.C. TO IMPROVE THE AREA'S BUSINESS CLIMATE AND COMPETITIVENESS THROUGH POLICIES AND RESOURCE ALLOCATIONS EXPLICITLY INTENDED TO HELP STIMULATE PRIVATE SECTOR INVESTMENT AND JOB GROWTH IN THE BUFFALO NIAGARA REGION.
THE PARTNERSHIP PROVIDES DIRECT SUPPORT TO INDIVIDUAL MEMBERS AND OTHER EMPLOYERS IN THE REGION, AS WELL AS BROADER INDUSTRY WIDE INITIATIVES FOR TARGET INDUSTRY CLUSTERS, TO IMPROVE THEIR CAPACITY TO SUCCEED.
THE PARTNERSHIP PROVIDES A WIDE RANGE OF INITIATIVES FOR MEMBERS AND OTHER EMPLOYERS IN THE REGION TO MAKE CONNECTIONS TO IMPROVE THEIR 'BOTTOM LINES'.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Gallagher President & CEO | OfficerTrustee | 40 | $354,742 |
Paul Vukelic Chair | OfficerTrustee | 1 | $0 |
Jonathan Dandes Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Richard Gold Vice Chair | OfficerTrustee | 1 | $0 |
John Scannell Vice Chair | OfficerTrustee | 1 | $0 |
Thomas Emmerling Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $122,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $897,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,020,447 |
| Total Program Service Revenue | $1,752,442 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,772,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $612,454 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,115,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,237 |
| Payroll taxes | $121,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,388 |
| Advertising and promotion | $19,879 |
| Office expenses | $141,224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,645 |
| Travel | $36,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,090 |
| Insurance | $22,267 |
| All other expenses | $39,387 |
| Total functional expenses | $2,772,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,955,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $881,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,531 |
| Net Land, buildings, and equipment | $116,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,500 |
| Total assets | $3,017,033 |
| Accounts payable and accrued expenses | $375,584 |
| Grants payable | $0 |
| Deferred revenue | $1,238,958 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,614,542 |
| Net assets without donor restrictions | $1,402,491 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,017,033 |