Buffalo Society Of Natural Sciences
- Assets
- $25.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 113
- Location
- Buffalo, NY
- Founding
- 06/1935
- Data as of
- 09/2023
- EIN
- 16-6000178
Organization Overview
Buffalo Society Of Natural Sciences is located in Buffalo, NY. The organization was established in 1935. According to its NTEE Classification (A56) the organization is classified as: Natural History & Natural Science Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Buffalo Society Of Natural Sciences employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Society Of Natural Sciences 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 09/2023, Buffalo Society Of Natural Sciences generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $6.4m during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE JOYFUL EXPLORATION OF SCIENCE AND NATURE THROUGH A MUSEUM AND A NATURE PRESERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIONS - ASSEMBLING, PRESERVING AND CONDUCTING RESEARCH ASSOCIATED WITH A REGIONAL NATURAL SCIENCE COLLECTION OF MORE THAN 750,000 SPECIMENS AND ARTIFACTS.
EDUCATION AND EXHIBITS - OPERATIONS TO INCLUDE PROVIDING EXHIBITS AND EDUCATIONAL ACTIVITIES IN THE NATURAL SCIENCES. THIS INCLUDES SCIENTIFIC LECTURES, PUBLICATIONS, CLASSES, AND LEARNING OPPORTUNITIES.
TIFFT NATURE PRESERVE - 264 ACRE NATURE REFUGE DEDICATED TO CONSERVATION AND ENVIRONMENTAL EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Busch Chair (thr 3/23) | OfficerTrustee | 5 | $0 |
Keith D Lukasik Chair(eff 3/23)v. Chair (thr 3/23) | OfficerTrustee | 5 | $0 |
Jessica L Copeland V. Chair(eff 3/23)asst Secr(thr 3/23) | OfficerTrustee | 5 | $0 |
Onkham Rattanaphasouk CPA Treasurer (thr 3/23) | OfficerTrustee | 5 | $0 |
Austin Kelly Treasurer(eff 3/23)asst Treas(thr 3/23) | OfficerTrustee | 5 | $0 |
Matthew Frank Assistant Treasurer (eff 3/23) | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security | 9/29/23 | $233,275 |
Virtual Science Center Traveling Exhibit | 9/29/23 | $192,866 |
19 Ideas Marketing Services | 9/29/23 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,900 |
| Related organizations | $0 |
| Government grants | $1,395,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,001,361 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,463,636 |
| Total Program Service Revenue | $2,197,178 |
| Investment income | $452,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $253,470 |
| Net Income from Fundraising Events | -$7,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,462,221 |
| 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. | $518,199 |
| Compensation of current officers, directors, key employees. | $518,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,389,791 |
| Pension plan accruals and contributions | $30,843 |
| Other employee benefits | $180,253 |
| Payroll taxes | $208,973 |
| 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 | $65,943 |
| Fees for services: Other | $546,373 |
| Advertising and promotion | $77,782 |
| Office expenses | $310,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $214,910 |
| Travel | $29,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,416 |
| Interest | $22,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $958,982 |
| Insurance | $79,787 |
| All other expenses | $6,715 |
| Total functional expenses | $6,401,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $919,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $746,127 |
| Accounts receivable, net | $19,919 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,615 |
| Prepaid expenses and deferred charges | $214,600 |
| Net Land, buildings, and equipment | $5,015,705 |
| Investments—publicly traded securities | $18,594,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,520,033 |
| Accounts payable and accrued expenses | $294,852 |
| Grants payable | $0 |
| Deferred revenue | $695,795 |
| 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 | $0 |
| Total liabilities | $990,647 |
| Net assets without donor restrictions | $22,956,109 |
| Net assets with donor restrictions | $1,573,277 |
| 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 | $25,520,033 |