World Trade Center Buffalo Niagara Inc
- Assets
- $48.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 52-2386591
Organization Overview
World Trade Center Buffalo Niagara Inc is located in Buffalo, NY. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Trade Center Buffalo Niagara Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, World Trade Center Buffalo Niagara Inc generated $121.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $173.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WORLD TRADE CENTER BUFFALO NIAGARA (WTCBN) FOCUSES ON THREE PRIMARY AREAS TO SERVE THE BUSINESS COMMUNITY IN WESTERN NEW YORK: MEMBERSHIP, EDUCATIONAL PROGRAMS AND EVENTS, AND TRADE CONSULTING SERVICES. IN 2022, WTCBN HAD 63 TOTAL MEMBERS WITH 12 NEW MEMBERS FOR THE YEAR, THIS IS IN ADDITION TO THE MEMBERS OF THE WORLD TRADE CENTERS ASSOCIATION, WHICH HAS 320 WORLD TRADE CENTERS IN 91 COUNTRIES. WTCBN HOSTED 6 EVENTS WITH 175 ATTENDEES REPRESENTING 98 UNIQUE BUSINESSES.
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 |
|---|---|---|---|
Robert Clark Board Member | 0.19 | $0 | |
John Deluca Board Member | 0.19 | $0 | |
William Fierle Board Member | 0.19 | $0 | |
Kenneth Franasiak Board Member | 0.19 | $0 | |
Carl Savarino Board Member | 0.19 | $0 | |
Patrick Scanlon Board Member | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $37,832 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $23,291 |
| Total Revenue | $121,123 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $126,815 |
| Professional fees and other payments to independent contractors | $5,859 |
| Occupancy, rent, utilities, and maintenance | $741 |
| Printing, publications, postage, and shipping | $88 |
| Other expenses | $40,322 |
| Total expenses | $173,825 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,739 |
| Other assets | $0 |
| Total assets | $48,507 |
| Total liabilities | $216,492 |
| Net assets or fund balances | -$167,985 |