Buffalo Naval Park Committee Inc
- Assets
- $2.7m
- Revenue
- $2.6m
- Investments
- $123.6k
- Employees
- 42
- Location
- Buffalo, NY
- Founding
- 02/1977
- Data as of
- 03/2023
- EIN
- 16-1133535
Organization Overview
Buffalo Naval Park Committee Inc is located in Buffalo, NY. The organization was established in 1977. As of 03/2023, Buffalo Naval Park Committee Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Naval Park Committee Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Buffalo Naval Park Committee Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $3.4m during the year ending 03/2023. While expenses have increased by 18.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUFFALO NAVAL PARK COMMITTEE, INC.'S MISSION IS TO HONOR VETERANS, ACTIVE MILITARY, AND MILITARY FAMILIES; EDUCATE ABOUT THE HISTORY AND VALUES OF SERVICE AND SACRIFICE IN DEFENSE OF FREEDOM; INSPIRE A SENSE OF PATRIOTISM AND APPRECIATION IN PROTECTING THE RIGHT TO LIBERTY AND JUSTICE FOR ALL; AND PRESERVE THE MILITARY ARTIFACTS ENTRUSTED TO THE ORGANIZATION'S CARE. THE MANY EXHIBITS AND ARTIFACTS FEATURED AT THE BUFFALO NAVAL & MILITARY PARK BRING TO LIFE SOME OF THE MAJOR EVENTS IN OUR NATION'S HISTORY TO DEFEND FREEDOM AND DEMOCRACY AND HONOR THOSE WHO HAVE SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM PURPOSE IS TO PROVIDE EXHIBITS AND RELATED SERVICES TO THE GENERAL PUBLIC TO RAISE AWARENESS OF THE NAVAL PARK AND ITS HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Marzello Executive Di | Officer | 40 | $95,000 |
Bill Barden Director | Trustee | 1 | $0 |
Kanasha Blue Director | Trustee | 1 | $0 |
Nicholas Demarco Director | Trustee | 1 | $0 |
Donna Mallia Secretary | OfficerTrustee | 1 | $0 |
Rebecca Mccormick-Boyle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,000 |
| Related organizations | $0 |
| Government grants | $776,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,355,075 |
| Total Program Service Revenue | $500,824 |
| Investment income | -$4,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,674 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $161,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,608,820 |
| 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. | $97,307 |
| Compensation of current officers, directors, key employees. | $22,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,146 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,761 |
| Payroll taxes | $65,317 |
| Fees for services: Management | $24,710 |
| Fees for services: Legal | $21,043 |
| 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 | $11,209 |
| Advertising and promotion | $64,917 |
| Office expenses | $3,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,358 |
| Travel | $12,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,299 |
| Insurance | $0 |
| All other expenses | $9,589 |
| Total functional expenses | $3,412,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $472,673 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,908 |
| Prepaid expenses and deferred charges | $33,467 |
| Net Land, buildings, and equipment | $1,548,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $123,562 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,451 |
| Total assets | $2,689,480 |
| Accounts payable and accrued expenses | $555,960 |
| Grants payable | $0 |
| Deferred revenue | $46,138 |
| 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 | $150,000 |
| Total liabilities | $752,098 |
| Net assets without donor restrictions | $1,843,397 |
| Net assets with donor restrictions | $93,985 |
| 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 | $2,689,480 |