Better Parks Buffalo Inc
- Assets
- $650.3k
- Revenue
- $2.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-5339572
Organization Overview
Better Parks Buffalo Inc is located in Buffalo, NY. The organization was established in 2018. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Parks Buffalo 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, Better Parks Buffalo Inc generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.7%) each year. All expenses for the organization totaled $44.0k 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
RESTORATION, RECREATION AND EDUCATION IN THE CITY OF BUFFALO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETTER PARKS BUFFALO, INC. IS IN THE START-UP PHASE OF ENHANCING OLMSTED'S DELAWARE PARK, RESTORING THE SOUTH PARK ARBORETUM, PROVIDING EDUCATION AND TRAINING TO INNER-CITY YOUTH, AND CREATING NEW RECREATIONAL AND CULTURAL PUBLIC AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Gaughan Chairman And President | OfficerTrustee | 1 | $0 |
Cathy Snyder Vice President And Treasurer | OfficerTrustee | 1 | $0 |
Mark Blue Director | Trustee | 1 | $0 |
Shannon Bowman Director | Trustee | 1 | $0 |
Timothy Lovallo Director | Trustee | 1 | $0 |
Peter Hunt 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 | $415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,940 |
| 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 | $0 |
| Advertising and promotion | $664 |
| Office expenses | $2,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,639 |
| Travel | $2,016 |
| 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 | $36,400 |
| Total functional expenses | $43,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $650,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $650,295 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,500 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $145,659 |
| Other liabilities | $0 |
| Total liabilities | $648,159 |
| Net assets without donor restrictions | $2,136 |
| 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 | $650,295 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Better Parks Buffalo Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: NICKLAUS DESIGN COSTS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
New York-New Jersey Trail Conference Inc Mahwah, NJ | $13,527,646 | $5,458,789 |
Riverfront Recapture Inc Hartford, CT | $5,471,440 | $4,320,239 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
Brooklyn Bridge Park Conservancy Inc Brooklyn, NY | $1,828,447 | $2,751,779 |