Buffalo Heritage Carousel Inc
- Assets
- $4.7m
- Revenue
- $748.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1845215
Organization Overview
Buffalo Heritage Carousel Inc is located in Buffalo, NY. The organization was established in 2015. 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. Buffalo Heritage Carousel 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 12/2021, Buffalo Heritage Carousel Inc generated $748.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $862.3k during the year ending 12/2021. 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
OUR VISION TO BRING A SOLAR-POWERED CAROUSEL TO OUR REVITALIZED URBAN WATERFRONT WILL CELEBRATE THE HISTORY OF CAROUSEL MANUFACTURING IN WESTERN NEW YORK AND OUR LEGACY OF LEADERSHIP IN THE USE OF RENEWABLE ENERGY THAT BEGAN IN 1901 WITH THE TRANSMISSION OF HYDRO-ELECTRIC POWER FROM NIAGARA FALLS TO BUFFALO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR GOAL IS TO PURCHASE AND RESTORE THE DEANGELIS CAROUSEL, A VINTAGE, PARK-STYLE, MENAGERIE CAROUSEL, CUSTOM DESIGNED AND MANUFACTURED IN 1924 BY SPILLLMAN ENGINEERING IN N.TONAWANDA FOR DOMINICK DEANGELIS. WE PROPOSE TO ENCLOSE THE CAROUSEL TO PROVIDE YEAR 'ROUND ACCESS. IT WILL BE POWERED BY THE SUN AND SURROUNDED BY AN EDUCATIONAL 'PATH' DEMONSTRATING THE USE OF THE SUN TO POWER THE CAROUSEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Ronan Treasurer | OfficerTrustee | 25 | $0 |
Rae Proefrock Vice President | OfficerTrustee | 10 | $0 |
Marika Woods-Frankenstein Secretary | OfficerTrustee | 3 | $0 |
Antone Alber Director | OfficerTrustee | 2 | $0 |
Laurie Hauer-Laduca President | OfficerTrustee | 30 | $0 |
Maryann Kresse Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $321,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,080 |
| Total Program Service Revenue | $185,004 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,117 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,303 |
| 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 | $95,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,090 |
| Fees for services: Accounting | $7,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,436 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,732 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,097 |
| Insurance | $37,498 |
| All other expenses | $537 |
| Total functional expenses | $862,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,763 |
| Savings and temporary cash investments | $160,468 |
| Pledges and grants receivable | $60,000 |
| 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 | $13,131 |
| Net Land, buildings, and equipment | $4,378,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,713,258 |
| Accounts payable and accrued expenses | $14,312 |
| Grants payable | $0 |
| Deferred revenue | $817,000 |
| 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 | $750,000 |
| Total liabilities | $1,581,312 |
| Net assets without donor restrictions | $3,131,946 |
| 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 | $4,713,258 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Buffalo Heritage Carousel Inc has recieved totaling $320,000.
| Awarding Organization | Amount |
|---|---|
Margaret L Wendt Foundation Buffalo, NY PURPOSE: AVAILABLE UPON REQUEST | $250,000 |
Mulroy Family Foundation Buffalo, NY PURPOSE: GENERAL | $35,000 |
Mulroy Family Foundation Buffalo, NY PURPOSE: GENERAL | $35,000 |
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 |