Buffalo Heritage Carousel Inc
- Assets
- $4.8m
- Revenue
- $427.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Buffalo, NY
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1845215
Organization Overview
Buffalo Heritage Carousel Inc is located in Buffalo, NY. The organization was established in 2015. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Buffalo Heritage Carousel Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Heritage Carousel 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 12/2022, Buffalo Heritage Carousel Inc generated $427.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $553.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BUFFALO HERITAGE CAROUSEL, INC., A NON-PROFIT CORPORATION WHICH OWNS, OPERATES AND MAINTAINS A FULLY RESTORED 1924 SPILLMAN ENGINEERING CORPORATION, SOLAR-POWERED CAROUSEL THAT IS THE CATALYST, DEMONSTRATING THE USE OF RENEWABLE ENERGY THROUGH PLAY AND HANDS-ON EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUFFALO HERITAGE CAROUSEL SEEKS TO PROVIDE A JOYFUL, ACCESSIBLE, FAMILY AND COMMUNITY DESTINATION THAT FOSTERS EDUCATIONAL EXPERIENCES: FOCUSING ON BUFFALO'S HISTORY OF CAROUSEL MANUFACTURING; THE IMPORTANCE OF THE ERIE CANAL, AND WESTERN NEW YORK'S CONTRIBUTION TO CREATING AND HARNESSING RENEWABLE ENERGIES, THROUGH THE MAGICAL EXPERIENCE OF RIDING A HISTORIC CAROUSEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Hauer-Laduca President | OfficerTrustee | 10 | $0 |
James Smyton Vice President | OfficerTrustee | 10 | $0 |
Helen Ronan Treasurer | OfficerTrustee | 10 | $0 |
Marika Woods-Frankenstein Secretary | OfficerTrustee | 3 | $0 |
Antone Alber Finance Chair | OfficerTrustee | 3 | $0 |
Joan Bozer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,185 |
| Total Program Service Revenue | $136,854 |
| 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 | $6,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,386 |
| 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. | $60,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,865 |
| Advertising and promotion | $0 |
| Office expenses | $6,002 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,166 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,477 |
| Insurance | $52,061 |
| All other expenses | $0 |
| Total functional expenses | $553,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,179 |
| Savings and temporary cash investments | $105,407 |
| Pledges and grants receivable | $110,000 |
| 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 | $13,131 |
| Net Land, buildings, and equipment | $4,567,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,798,444 |
| Accounts payable and accrued expenses | $18,926 |
| Grants payable | $0 |
| Deferred revenue | $948,632 |
| 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 | $225,000 |
| Other liabilities | $600,000 |
| Total liabilities | $1,792,558 |
| Net assets without donor restrictions | $3,005,886 |
| 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 | $4,798,444 |