Central Terminal Restoration Corp
- Assets
- $18.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Buffalo, NY
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 16-1536196
Organization Overview
Central Terminal Restoration Corp is located in Buffalo, NY. The organization was established in 1998. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Central Terminal Restoration Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Terminal Restoration Corp 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 12/2021, Central Terminal Restoration Corp generated $3.9m in total revenue. All expenses for the organization totaled $273.0k during the year ending 12/2021. While expenses have increased by 30.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP THE BUFFALO CENTRAL TERMINAL - A MAJESTIC HISTORIC LANDMARK - AS A LASTING CULTURAL AND ECONOMIC HUB FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL TERMINAL PROMOTION, PRESERVATION AND RESTORATION ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Pellegrino Faix Executive Director | Trustee | 40 | $99,558 |
Paul Lang Chair | OfficerTrustee | 5 | $0 |
Stephanie Clark Vice Chair | OfficerTrustee | 5 | $0 |
Angela Klein Treasurer | OfficerTrustee | 5 | $0 |
John Jiloty Secretary | OfficerTrustee | 5 | $0 |
Jim Hycner Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,302,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $555,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,857,835 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,857,835 |
| 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. | $99,558 |
| Compensation of current officers, directors, key employees. | $32,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,730 |
| Travel | $716 |
| 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 | $0 |
| Insurance | $6,871 |
| All other expenses | $1,574 |
| Total functional expenses | $273,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,478 |
| Savings and temporary cash investments | $47,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,310,891 |
| 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 | $2,050 |
| Net Land, buildings, and equipment | $16,104,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,562,131 |
| Accounts payable and accrued expenses | $1,978,807 |
| Grants payable | $0 |
| Deferred revenue | $36,576 |
| 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 | $235,608 |
| Other liabilities | $9,301,582 |
| Total liabilities | $11,552,573 |
| Net assets without donor restrictions | $7,009,558 |
| 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 | $18,562,131 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Central Terminal Restoration Corp has recieved totaling $245,377.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; WELCOME ENTRY | $205,000 |
The Western New York Foundation Buffalo, NY PURPOSE: REAL ESTATE DEVELOPMENT CONSULTANT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |