Buffalo Society Of Natural Sciences
- Assets
- $29.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 102
- Location
- Buffalo, NY
- Founding
- 06/1935
- Data as of
- 09/2021
- EIN
- 16-6000178
Organization Overview
Buffalo Society Of Natural Sciences is located in Buffalo, NY. The organization was established in 1935. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Buffalo Society Of Natural Sciences employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Society Of Natural Sciences 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 09/2021, Buffalo Society Of Natural Sciences generated $5.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.9m during the year ending 09/2021. While expenses have increased by 3.8% per year over the past 6 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
BUFFALO SOCIETY OF NATURAL SCIENCES (THE SOCIETY) IS A NOT-FOR-PROFIT ORGANIZATION THAT OPERATES THE BUFFALO MUSEUM OF SCIENCE AND THE TIFFT NATURE PRESERVE TO PROVIDE INDIVIDUALS WITH THE ENJOYMENT AND BENEFITS OF THE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS - ASSEMBLING, PRESERVING AND CONDUCTING RESEARCH ASSOCIATED WITH A REGIONAL NATURAL SCIENCE COLLECTION OF MORE THAN 750,000 SPECIMENS AND ARTIFACTS.
EDUCATION AND EXHIBITS - OPERATIONS TO INCLUDE PROVIDING EXHIBITS AND EDUCATIONAL ACTIVITIES IN THE NATURAL SCIENCES. THIS INCLUDES SCIENTIFIC LECTURES, PUBLICATIONS, CLASSES, AND LEARNING OPPORTUNITIES.
TIFFT NATURE PRESERVE - 264 ACRE NATURE REFUGE DEDICATED TO CONSERVATION AND ENVIRONMENTAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisa Wigglesworth President & CEO | OfficerTrustee | 40 | $224,055 |
Jeffrey Knapp Director Of Finance And Administration-Eff. 8/2021 | Officer | 40 | $35,073 |
David A Busch Chair | OfficerTrustee | 5 | $0 |
Joseph Lombardo Secretary | OfficerTrustee | 5 | $0 |
Steven A Perrigo Vice Chair | OfficerTrustee | 5 | $0 |
Onkham On Rattanaphasouk CPA Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kirst Construction Inc Construction Services | 9/29/19 | $255,790 |
Picone Construction Construction Services | 9/29/19 | $136,284 |
Trane Air Conditioning Services | 9/29/19 | $210,013 |
Tri-delta Resources Corp Server/network Infrastructure | 9/29/19 | $122,725 |
Premcom Data Infrastructure | 9/29/19 | $134,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,880,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,969,632 |
| Total Program Service Revenue | $1,014,760 |
| Investment income | $339,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,416,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,151 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,760,811 |
| 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. | $378,753 |
| Compensation of current officers, directors, key employees. | $378,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,642,349 |
| Pension plan accruals and contributions | $34,046 |
| Other employee benefits | $80,612 |
| Payroll taxes | $142,643 |
| 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 | $66,182 |
| Fees for services: Other | $447,086 |
| Advertising and promotion | $155,740 |
| Office expenses | $262,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,060 |
| Travel | $6,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,908 |
| Interest | $2,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $986,486 |
| Insurance | $75,081 |
| All other expenses | $400 |
| Total functional expenses | $4,946,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,673 |
| Savings and temporary cash investments | $414,842 |
| Pledges and grants receivable | $501,092 |
| Accounts receivable, net | $111,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,664 |
| Prepaid expenses and deferred charges | $551,979 |
| Net Land, buildings, and equipment | $6,121,061 |
| Investments—publicly traded securities | $21,243,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,536,038 |
| Accounts payable and accrued expenses | $317,605 |
| Grants payable | $0 |
| Deferred revenue | $149,361 |
| 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 | $400,000 |
| Unsecured mortgages and notes payable | $526,515 |
| Other liabilities | $117,958 |
| Total liabilities | $1,511,439 |
| Net assets without donor restrictions | $26,761,931 |
| Net assets with donor restrictions | $1,262,668 |
| 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 | $29,536,038 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Buffalo Society Of Natural Sciences has recieved totaling $450,947.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; FISHING IS FUN PROGRAM; ANNUAL FUND; CHILDREN'S PROGRAMMING; PERMANENT ENDOWMENT; TIFFT NATURE PRESERVE; GENERAL OPERATING SUPPORT; INCLUSIVE CULTURALS INITIATIVE; IN MEMORY OF | $271,117 |
Cullen Foundation Buffalo, NY PURPOSE: EAST-SCI OUT OF SCHOOL TIME INITIATIVE | $77,206 |
First Niagara Foundation Buffalo, NY PURPOSE: EDUCATION | $50,000 |
Community Connections Of Ny Inc Buffalo, NY PURPOSE: STEM GRANTS | $19,000 |
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $17,082 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,250 |
Endowment Analysis
| Beg. Balance | $484,913 |
| Earnings | $83,876 |
| Other Expense | $26,337 |
| Ending Balance | $542,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Museum And Science Center Rochester, NY | $32,141,900 | $9,942,117 |
Natural History Museum Of The Adirondacks Tupper Lake, NY | $35,795,696 | $7,881,578 |
Buffalo Society Of Natural Sciences Buffalo, NY | $29,536,038 | $5,760,811 |
Worcester Natural History Society Worcester, MA | $24,778,012 | $5,171,795 |
Childrens Museum Inc West Hartford, CT | $3,378,947 | $2,561,597 |
Delaware And Lehigh National Heritage Corridor Inc Easton, PA | $5,340,261 | $2,619,266 |
Bronx Childrens Museum Bronx, NY | $3,102,925 | $1,502,216 |
Institute For Aegean Prehistory Study Center For East Crete New York, NY | $707,056 | $1,375,391 |
Steam Into History Inc New Freedom, PA | $6,099,078 | $1,816,978 |
Hudson Highlands Nature Museum Cornwall, NY | $1,547,049 | $1,233,935 |
North Museum Corporation Lancaster, PA | $3,613,910 | $737,297 |
Cape Cod Museum Of Natural History Inc Brewster, MA | $5,380,254 | $1,073,012 |