Lockport Locks Heritage District Corporation
- Assets
- $1.7m
- Revenue
- $452.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lockport, NY
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 46-5359073
Organization Overview
Lockport Locks Heritage District Corporation is located in Lockport, NY. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lockport Locks Heritage District Corporation 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, Lockport Locks Heritage District Corporation generated $452.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $315.1k during the year ending 12/2023. 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
THE LOCKPORT LOCKS HERITAGE DISTRICT IS A NATIONALLY RECOGNIZED HERITAGE ATTRACTION, FEATURING THE FULLY RESTORED AND OPERATING CIRCA 1842 ENLARGED ERIE CANAL FLIGHT OF FIVE LOCKS ADJACENT TO BARGE CANAL LOCKS 34 & 35. THE LOCKPORT LOCKS HERITAGE DISTRICT CORPORATION COLLABORATES WITH PRIVATE AND PUBLIC ORGANIZATIONS TO PROVIDE THE PREMIER ERIE CANAL EXPERIENCE FOR VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED, MAINTAINED, ATTRACTED INVESTMENT, AND PROMOTED THE LOCKPORT LOCKS HERITAGE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Kinyon Chairman | OfficerTrustee | 1 | $0 |
David Chatt Vice Chairman | OfficerTrustee | 1 | $0 |
Stephen Cotten Treasurer | OfficerTrustee | 1 | $0 |
Linda Roth Secretary | OfficerTrustee | 1 | $0 |
Stephen Showalter Director | Trustee | 1 | $0 |
Jeffery Degnan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $222,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,447 |
| Total Program Service Revenue | $0 |
| Investment income | $6,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,925 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $20,173 |
| Advertising and promotion | $14,473 |
| Office expenses | $5,680 |
| Information technology | $0 |
| 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 | $419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,460 |
| Insurance | $7,969 |
| All other expenses | $12,133 |
| Total functional expenses | $315,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,953 |
| Savings and temporary cash investments | $261,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,002 |
| 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 | $25 |
| Net Land, buildings, and equipment | $1,326,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,160 |
| Total assets | $1,683,920 |
| Accounts payable and accrued expenses | $160,523 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $162,523 |
| Net assets without donor restrictions | $1,268,518 |
| Net assets with donor restrictions | $252,879 |
| 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 | $1,683,920 |