Buffalo Olmsted Parks Conservancy Inc
- Assets
- $3.5m
- Revenue
- $4.5m
- Investments
- $13.7k
- Employees
- 149
- Location
- Buffalo, NY
- Founding
- 07/1986
- Data as of
- 12/2023
- EIN
- 22-2720927
Organization Overview
Buffalo Olmsted Parks Conservancy Inc is located in Buffalo, NY. The organization was established in 1986. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Buffalo Olmsted Parks Conservancy Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Olmsted Parks Conservancy 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 12/2023, Buffalo Olmsted Parks Conservancy Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 5.5% 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
STEWARDING THE CITY OF BUFFALO'S HISTORIC OLMSTED PARK AND PARKWAY SYSTEM TO WELCOME AND BENEFIT ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLABORATE WITH COMMUNITY, GOVERNMENTAL, AND STRATEGIC PARTNERS TO PROGRAM AND CARE FOR THE SYSTEM; ADVOCATE FOR QUALITY PARKS FOR ALL, CARRYING THE PHILOSOPHIES OF FREDERICK LAW OLMSTED INTO TODAY; ENHANCE THE SYSTEM THROUGH BEAUTIFICATION, MAINTENANCE, AND CAPITAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Kresse Chairman | OfficerTrustee | 1 | $0 |
Amy Abrahamson Vice Chair | OfficerTrustee | 1 | $0 |
Phil Kadet Treasurer | OfficerTrustee | 1 | $0 |
Norman Lewin Secretary | OfficerTrustee | 1 | $0 |
Michael Ball Trustee | Trustee | 1 | $0 |
Jodi Battaglia Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $159,250 |
| Related organizations | $0 |
| Government grants | $2,417,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,299,145 |
| Total Program Service Revenue | $1,153,326 |
| Investment income | $46,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $174,275 |
| Net Gain/Loss on Asset Sales | -$118,033 |
| Net Income from Fundraising Events | -$50,302 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,519,592 |
| 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. | $204,298 |
| Compensation of current officers, directors, key employees. | $204,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,702,166 |
| Pension plan accruals and contributions | $13,361 |
| Other employee benefits | $322,285 |
| Payroll taxes | $219,252 |
| 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 | $297,720 |
| Advertising and promotion | $31,175 |
| Office expenses | $80,845 |
| Information technology | $28,919 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,675 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,654 |
| Insurance | $290,127 |
| All other expenses | $0 |
| Total functional expenses | $5,975,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,562 |
| Savings and temporary cash investments | $758,928 |
| Pledges and grants receivable | $11,363 |
| Accounts receivable, net | $1,340,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,445 |
| Prepaid expenses and deferred charges | $187,505 |
| Net Land, buildings, and equipment | $516,973 |
| Investments—publicly traded securities | $429,214 |
| Investments—other securities | $13,684 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,545,619 |
| Accounts payable and accrued expenses | $378,251 |
| Grants payable | $0 |
| Deferred revenue | $467,520 |
| 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 | $0 |
| Total liabilities | $845,771 |
| Net assets without donor restrictions | $999,607 |
| Net assets with donor restrictions | $1,700,241 |
| 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 | $3,545,619 |