Construction Exchange Of Buffalo Western New York
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Buffalo, NY
- Founding
- 08/1984
- Data as of
- 03/2022
- EIN
- 22-2464560
Organization Overview
Construction Exchange Of Buffalo Western New York is located in Buffalo, NY. The organization was established in 1984. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 03/2022, Construction Exchange Of Buffalo Western New York employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Construction Exchange Of Buffalo Western New York is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Construction Exchange Of Buffalo Western New York generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $844.5k during the year ending 03/2022. While expenses have increased by 10.7% 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.
Since 2021, Construction Exchange Of Buffalo Western New York has awarded 12 individual grants totaling $281,334. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EXCHANGE'S PURPOSE IS TO OFFER A FORUM WHERE ALL ASPECTS OF THE CONSTRUCTION INDUSTRY MAY BE UNITED AS ONE VOICE FOR THE BETTERMENT OF THE INDUSTRY IN WESTERN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS MEETINGS AND GATHERINGS TO PROMOTE CONSTRUCTION INDUSTRY IN WESTERN NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Benedict Executive Director | Officer | 40 | $109,873 |
Nicole Savage Chairwoman | OfficerTrustee | 1 | $0 |
Doug Elia Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dan Sarzynski Vice Chairman | OfficerTrustee | 1 | $0 |
Susanne Kelley Board Member | Trustee | 1 | $0 |
Joe Brennan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $387,065 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,702 |
| Total Program Service Revenue | $169,763 |
| Investment income | $11,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,098,271 |
| 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 | $371,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,337 |
| Payroll taxes | $61,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $542 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $1,049 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,660 |
| Fees for services: Other | $25,605 |
| Advertising and promotion | $42,177 |
| Office expenses | $31,818 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,021 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,559 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,651 |
| Insurance | $7,748 |
| All other expenses | $0 |
| Total functional expenses | $844,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $651,146 |
| 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 | $9,615 |
| Net Land, buildings, and equipment | $656,839 |
| Investments—publicly traded securities | $455,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,118,263 |
| Accounts payable and accrued expenses | $6,645 |
| Grants payable | $0 |
| Deferred revenue | $289,800 |
| 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 | $40,928 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $337,373 |
| Net assets without donor restrictions | $1,780,890 |
| 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 | $2,118,263 |
Grants Awarded
Over the last fiscal year, Construction Exchange Of Buffalo Western New York has awarded $281,334 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: PPP PROCEED PASSTHROUGH TO ORGANIZATIONS WHO UTILIZE ORGANIZATION'S PERSONNEL | $43,642 |
Buffalo, NY PURPOSE: PPP PROCEED PASSTHROUGH TO ORGANIZATIONS WHO UTILIZE ORGANIZATION'S PERSONNEL | $43,642 |
Buffalo, NY PURPOSE: PPP PROCEED PASSTHROUGH TO ORGANIZATIONS WHO UTILIZE ORGANIZATION'S PERSONNEL | $43,642 |
CONEXBUFF INC PURPOSE: PPP PROCEED PASSTHROUGH TO ORGANIZATIONS WHO UTILIZE ORGANIZATION'S PERSONNEL | $33,729 |
CONEXBUFF INC PURPOSE: PPP PROCEED PASSTHROUGH TO ORGANIZATIONS WHO UTILIZE ORGANIZATION'S PERSONNEL | $33,729 |
CONEXBUFF INC PURPOSE: PPP PROCEED PASSTHROUGH TO ORGANIZATIONS WHO UTILIZE ORGANIZATION'S PERSONNEL | $33,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Financial Management Association Princeton, NJ | $11,734,249 | $6,816,166 |
G R Robert Construction Co Inc Usw Welfare Tr Fund Farmingdale, NJ | $3,505,634 | $4,353,086 |
Heavy Construction Industry Fund New York, NY | $24,457,135 | $4,942,939 |
Fab Foundation Boston, MA | $3,602,930 | $3,603,989 |
Society Of Plastics Engineers Inc Danbury, CT | $7,877,326 | $3,851,885 |
Turner Construction Company Foundation Montvale, NJ | $361,662 | $2,624,047 |
International Union Of Operating Engineers-98 Southwick, MA | $1,494,223 | $1,781,462 |
Construction Industries Of Massachusetts Inc Norwood, MA | $1,576,063 | $1,804,804 |
Engineering Center Education Trust Boston, MA | $2,342,937 | $1,311,012 |
American Federation Of Labor And Congress Of Industrial Orgs Dorchester, MA | $985,622 | $961,996 |
Construction Contractors Assn Of The Hudson Valley Inc Newburgh, NY | $1,019,153 | $947,733 |
Construction Exchange Of Buffalo Western New York Buffalo, NY | $2,118,263 | $1,098,271 |