Buffalo Transportation Museum
- Assets
- $33.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Buffalo, NY
- Founding
- 09/1997
- Data as of
- 09/2021
- EIN
- 16-1529479
Organization Overview
Buffalo Transportation Museum is located in Buffalo, NY. The organization was established in 1997. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Buffalo Transportation Museum employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Transportation Museum 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 09/2021, Buffalo Transportation Museum generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $639.4k during the year ending 09/2021. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ESTABLISHMENT & OPERATION OF A MUSEUM DEVOTED TO STIMULATING PUBLIC AWARENESS OF THE HISTORY OF TRANSPORTATION INDUSTRIES IN US & EMPHASIS ON DEVELOPMENTS & INNOVATIONS ORIGINATING IN BUFFALO & NIAG FRONTIER.
Describe the Organization's Program Activity:
PROMOTION OF PUBLIC AWARENESS OF THE HISTORY OF THE TRANSPORTATION INDUSTRIES, SPECIFIC TO DEVELOPMENTS OCCURING IN THE CITY OF BUFFALO AND THE SURROUNDING NIAGARA REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Sandoro Exec. Dir/trustee | Trustee | 35 | $0 |
Joe Russo Trustee | Trustee | 1 | $0 |
Bill Irr Jr Trustee | Trustee | 1 | $0 |
Robert A Gianadda Trustee | Trustee | 3 | $0 |
Angelo Fatta Trustee | Trustee | 3 | $0 |
Frank Lucca Trustee | 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 | $2,404,127 |
| Noncash contributions included in lines 1a–1f | $1,891,517 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,404,127 |
| Total Program Service Revenue | $87,215 |
| Investment income | $1,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $672,389 |
| Net Gain/Loss on Asset Sales | $43,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,874 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,245,879 |
| 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 | $3,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,331 |
| Fees for services: Accounting | $18,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $654 |
| Office expenses | $7,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,325 |
| Travel | $2,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,565 |
| Insurance | $52,518 |
| All other expenses | $1,194 |
| Total functional expenses | $639,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,844,390 |
| 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 | $26,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,336,131 |
| Investments—publicly traded securities | $68,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,758,130 |
| Total assets | $33,033,587 |
| Accounts payable and accrued expenses | $118,051 |
| 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 | $1,172,120 |
| Secured mortgages and notes payable | $2,278,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,569,024 |
| Net assets without donor restrictions | $29,464,563 |
| 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 | $33,033,587 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buffalo Transportation Museum has recieved totaling $360,005.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: 1901 PACKARD PROJECT; 1936 PIERCE ARROW CAR | $360,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Society For The Preservation Of New England Antiquities Inc Boston, MA | $149,018,347 | $24,101,977 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
Old Sturbridge Inc Sturbridge, MA | $21,603,377 | $13,063,304 |
Plimoth Patuxet Museums Inc Plymouth, MA | $39,663,068 | $8,933,676 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Historic Deerfield Inc Deerfield, MA | $76,973,698 | $8,334,092 |
Heritage Plantation Of Sandwich Inc Sandwich, MA | $34,658,032 | $6,604,835 |