Buffalo Civic Auto Ramps Inc
- Assets
- $1.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 47
- Location
- Buffalo, NY
- Founding
- 02/2006
- Data as of
- 06/2020
- EIN
- 02-0738159
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 06/2020, Buffalo Civic Auto Ramps Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Buffalo Civic Auto Ramps Inc generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $8.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 years. 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
2020
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) | Role | Hours | Compensation |
|---|---|---|---|
Mr Samuel Iraci Jr Executive Director | Officer | 40 | $132,970 |
Mr Charles Hunt Vice President | OfficerTrustee | 1 | $0 |
Mr Frederick Krajacic Chairman | OfficerTrustee | 1 | $0 |
Mr Rocco Termini Treasurer | OfficerTrustee | 1 | $0 |
Ms Maria Barth Director | Trustee | 1 | $0 |
Mr G David Von Derau Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,458 |
| 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 | $8,289,384 |
| Statement of Expenses | |
|---|---|
| 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. | $132,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,328,436 |
| Pension plan accruals and contributions | $16,117 |
| Other employee benefits | $137,642 |
| Payroll taxes | $101,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,113 |
| 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 | $629,523 |
| Advertising and promotion | $0 |
| Office expenses | $137,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $777,888 |
| 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 | $300,491 |
| Insurance | $285,375 |
| All other expenses | $0 |
| Total functional expenses | $8,289,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,945 |
| 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 | $25,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,295,027 |
| Accounts payable and accrued expenses | $292,332 |
| Grants payable | $0 |
| Deferred revenue | $66,040 |
| 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 | $915,758 |
| Total liabilities | $1,274,130 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $20,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,295,027 | $8,289,384 |
Third Sector Capital Partners Inc Boston, MA | $9,236,394 | $11,702,979 |
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