Buffalo Transportation Museum
- Assets
- $34.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Buffalo, NY
- Founding
- 09/1997
- Data as of
- 09/2023
- EIN
- 16-1529479
Organization Overview
Buffalo Transportation Museum is located in Buffalo, NY. The organization was established in 1997. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Buffalo Transportation Museum employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Transportation Museum 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 09/2023, Buffalo Transportation Museum generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $748.8k during the year ending 09/2023. While expenses have increased by 3.6% 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
THE ESTABLISHMENT & OPERATION OF A MUSEUM DEVOTED TO STIMULATING PUBLIC AWARENESS OF THE HISTORY OF TRANSPORTATION INDUSTRIES IN US & EMPHASIS ON DEVELOPMENTS & INNOVATIONS ORIGINATING IN BUFFALO & NIAG FRONTIER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF PUBLIC AWARENESS OF THE HISTORY OF THE TRANSPORTATION INDUSTRIES, SPECIFIC TO DEVELOPMENTS OCCURING IN THE CITY OF BUFFALO AND THE SURROUNDING NIAGARA REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Sandoro Exec. Dir/trustee | Trustee | 35 | $0 |
Robert E Knoer ESQ Trustee | Trustee | 5 | $0 |
Lauren Fix Trustee | Trustee | 1 | $0 |
Robert A Gianadda Trustee | Trustee | 3 | $0 |
Angelo Fatta Trustee | Trustee | 3 | $0 |
Kelly Schultz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,186,911 |
| Noncash contributions included in lines 1a–1f | $2,639,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,186,911 |
| Total Program Service Revenue | $380,545 |
| Investment income | $1,701 |
| 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 | $40,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,609,865 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,478 |
| 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 | $0 |
| Advertising and promotion | $5,229 |
| Office expenses | $12,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,209 |
| Travel | $1,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,759 |
| Insurance | $43,874 |
| All other expenses | $63 |
| Total functional expenses | $748,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $59,800 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,833,338 |
| Investments—publicly traded securities | $67,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,767,034 |
| Total assets | $34,375,438 |
| Accounts payable and accrued expenses | $155,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $651,889 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $806,961 |
| Net assets without donor restrictions | $33,568,477 |
| 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 | $34,375,438 |