Richardson Architecture Center Inc
- Assets
- $3.5m
- Revenue
- $650.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1868261
Organization Overview
Richardson Architecture Center Inc, operating under the name Lipsey Architecture Center Buffalo, is located in Buffalo, NY. The organization was established in 2008. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lipsey Architecture Center Buffalo 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, Lipsey Architecture Center Buffalo generated $650.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $173.0k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 4 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 SHOWCASE AND REINFORCE BUFFALO'S RICH ARCHITECTURE HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH EXHIBITIONS, TOURS, PROGRAMS, AND OUTREACH, THE CENTER ENGAGES THE PUBLIC IN BUFFALO'S ARCHITECTURE, LANDSCAPE DESIGN, AND URBAN PLANNING, AND ITS ROLE IN CULTURE AND DESIGN LITERACY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith C Lipsey Chair | OfficerTrustee | 1 | $0 |
Paul Hojnacki Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Greene Secretary | OfficerTrustee | 1 | $0 |
Christine Wiktor CIC CRM Treasurer | OfficerTrustee | 1 | $0 |
Mark Mortenson Executive Director | Officer | 10 | $0 |
Michael S Anthony Director | 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 | $626,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,515 |
| Total Program Service Revenue | $23,512 |
| Investment income | $424 |
| 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 | $650,451 |
| 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 | $79,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,438 |
| Payroll taxes | $6,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,920 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,851 |
| Advertising and promotion | $0 |
| Office expenses | $6,474 |
| Information technology | $100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $11,952 |
| Total functional expenses | $172,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,482,550 |
| Savings and temporary cash investments | $702,133 |
| Pledges and grants receivable | $1,067,751 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $246,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,591 |
| Total assets | $3,504,078 |
| Accounts payable and accrued expenses | $3,635 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,543 |
| Total liabilities | $25,178 |
| Net assets without donor restrictions | $2,926,149 |
| Net assets with donor restrictions | $552,751 |
| 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 | $3,504,078 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Richardson Architecture Center Inc has recieved totaling $24,500.
| Awarding Organization | Amount |
|---|---|
John R Oishei Foundation Buffalo, NY PURPOSE: ARCHITECTURAL EXHIBIT AND ECONOMIC BENEFIT STUDY | $20,000 |
J M Kaplan Fund Inc New York, NY PURPOSE: OLMSTED'S ELMWOOD: THE RISE, DECLINE AND RENEWAL OF BUFFALO'S PARKWAY NEIGHBORHOOD | $4,500 |
Endowment Analysis
| Net Contributions | $500,000 |
| Ending Balance | $500,000 |
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 |