Buffalo Naval Park Committee Inc
- Assets
- $3.3m
- Revenue
- $2.1m
- Investments
- $118.5k
- Employees
- 22
- Location
- Buffalo, NY
- Founding
- 02/1977
- Data as of
- 03/2022
- EIN
- 16-1133535
Organization Overview
Buffalo Naval Park Committee Inc is located in Buffalo, NY. The organization was established in 1977. As of 03/2022, Buffalo Naval Park Committee Inc employed 22 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 03/2022, Buffalo Naval Park Committee Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.0m during the year ending 03/2022. While expenses have increased by 1.9% 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
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 |
Terry Mcguire President | OfficerTrustee | 3 | $0 |
Adam Poole Treasurer | OfficerTrustee | 1 | $0 |
Linda Sroka Secretary | OfficerTrustee | 1 | $0 |
Bill Barden Director | Trustee | 1 | $0 |
Kanasha Blue Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,500 |
| Related organizations | $0 |
| Government grants | $912,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,476,503 |
| Total Program Service Revenue | $522,767 |
| Investment income | $3,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $80,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,093,282 |
| 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. | $95,000 |
| Compensation of current officers, directors, key employees. | $39,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $426,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,942 |
| Payroll taxes | $49,212 |
| 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 | $34,009 |
| Advertising and promotion | $24,435 |
| Office expenses | $2,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,466 |
| Travel | $4,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,619 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,006,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,237,873 |
| Pledges and grants receivable | $156,786 |
| 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 | $39,513 |
| Prepaid expenses and deferred charges | $8,365 |
| Net Land, buildings, and equipment | $1,489,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $118,463 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,201 |
| Total assets | $3,272,013 |
| Accounts payable and accrued expenses | $155,676 |
| Grants payable | $0 |
| Deferred revenue | $225,205 |
| 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 | $530,881 |
| Net assets without donor restrictions | $2,294,304 |
| Net assets with donor restrictions | $446,828 |
| 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 | $3,272,013 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Buffalo Naval Park Committee Inc has recieved totaling $16,125.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,416 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: USS SULLIVAN REPAIRS; ALL HANDS ON DECK CAMPAIGN; SAVE THE SULLIVANS | $5,200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $100 |
Baker Hughes Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Endowment Analysis
| Beg. Balance | $66,905 |
| Earnings | $3,766 |
| Net Contributions | $50,000 |
| Grants | $2,208 |
| Ending Balance | $118,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New 42nd Street Inc New York, NY | $46,201,671 | $18,353,998 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Us India Friendship Alliance Inc New York, NY | $3,250,782 | $21,813,031 |
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Editorial Projects In Education Inc Bethesda, MD | $35,486,255 | $21,641,400 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |