Buffalo Civic Auto Ramps Inc

Organization Overview

Buffalo Civic Auto Ramps Inc is located in Buffalo, NY. The organization was established in 2006. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Buffalo Civic Auto Ramps Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Civic Auto Ramps Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Buffalo Civic Auto Ramps Inc generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BUFFALO CIVIC AUTO RAMPS, INC. IS AN AGENT OF THE CITY OF BUFFALO AND HAS A MANAGEMENT AGREEMENT WITH THE CITY TO MANAGE CERTAIN PARKING RAMPS AND LOTS OWNED BY THE CITY OF BUFFALO. BCAR'S MISSION IS TO PROVIDE SAFE, LOW COST, AND AMPLE PARKING TO DOWNTOWN CUSTOMERS AND WORKERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OPERATION AND MANAGEMENT OF PARKING RAMPS AND PARKING LOTS OWNED BY THE CITY OF BUFFALO. ALSO INCLUDES REMITTANCE TO THE CITY PARKING ENTERPRISE FUND ALL REVENUES IN EXCESS OF EXPENSES.


DEBT SERVICE ON RAMPS MANAGED UNDER A MANAGEMENT AGREEMENT WITH THE CITY OF BUFFALO, NY. THE DEBT WAS INCURRED TO CONSTRUCT OR RECONSTRUCT THE VARIOUS PARKING FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Ms Diane Grant
Controller
$104,209
Mr Samuel Iraci Jr
Executive Director
$89,023
Mr Frederick Krajacic
Chairman
$0
Mr Charles Hunt
Vice President
$0
Mr Rocco Termini
Treasurer
$0
Mr William J Jones
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$7,806,579
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $25,930
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 $7,888,664

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