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Nonprofiteer
← CENTRAL TERMINAL RESTORATION CORP

Form 990 for tax year 2023

Filed by CENTRAL TERMINAL RESTORATION CORP.

Totals

Total revenue
$1,755,116
Total expenses
$471,039
Contributions and grants received
$1,712,289
Grants paid
$0
Program service revenue
$42,500
Investment income
$27
Other revenue
$300
Total assets, end of year
$19,153,835
Total liabilities, end of year
$10,444,731
Net assets or fund balances, end of year
$8,709,104
Program services expenses (Part IX)
$360,149
Management and general expenses
$110,890
Fundraising expenses
$0
Program service expenses (Part III)
$360,149

Program services were 76.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,286,683

  • 1f · All other contributions, gifts and grants

    $425,606

  • 2a · Program service revenue: SPECIAL EVENTS

    total $42,500 · related or exempt $42,500

  • 3 · Investment income

    total $27 · excluded $27

  • 11a · Other revenue: OTHER

    total $300 · excluded $300

  • 11e · Other revenue, total

    $300

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $138,428 · program services $92,747 · management and general $45,681

  • 7 · Other salaries and wages

    total $66,000 · program services $44,220 · management and general $21,780

  • 8 · Pension plan contributions

    total $2,078 · program services $1,392 · management and general $686

  • 9 · Other employee benefits

    total $21,700 · program services $14,539 · management and general $7,161

  • 10 · Payroll taxes

    total $14,890 · program services $9,976 · management and general $4,914

  • 11b · Fees: legal

    total $3,918 · program services $2,429 · management and general $1,489

  • 11c · Fees: accounting

    total $18,020 · program services $11,173 · management and general $6,847

  • 13 · Office expenses

    total $13,477 · program services $13,076 · management and general $401

  • 16 · Occupancy

    total $28,978 · program services $28,978

  • 17 · Travel

    total $2,560 · program services $1,920 · management and general $640

  • 20 · Interest

    total $6,098 · program services $6,098

  • 23 · Insurance

    total $18,425 · management and general $18,425

  • 24a · Other expenses: OUTSIDE SERVICES

    total $67,909 · program services $67,909

  • 24b · Other expenses: SPECIAL EVENTS

    total $53,173 · program services $53,173

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $9,229 · program services $9,229

  • 24d · Other expenses: MISCELLANEOUS

    total $4,776 · program services $1,910 · management and general $2,866

  • 24e · All other expenses

    total $1,380 · program services $1,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $218,350 · end of year $476,506

  • 2 · Savings and temporary cash investments

    beginning of year $47,227 · end of year $183,207

  • 3 · Pledges and grants receivable

    beginning of year $187,155 · end of year $617,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,782 · end of year $24,653

  • 10a · Land, buildings and equipment: cost or other basis

    $17,858,778

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,682

  • 10c · Land, buildings and equipment, net

    beginning of year $16,554,953 · end of year $17,833,096

  • 15 · Other assets

    beginning of year $19,140 · end of year $18,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,757 · end of year $639,447

  • 19 · Deferred revenue

    beginning of year $66,101 · end of year $168,525

  • 23 · Secured mortgages and notes payable

    end of year $316,557

  • 25 · Other liabilities

    beginning of year $9,320,722 · end of year $9,320,202

  • 27 · Net assets without donor restrictions

    beginning of year $7,425,027 · end of year $8,709,104

Mission and programs · 2023

Mission

TO DEVELOP THE BUFFALO CENTRAL TERMINAL - A MAJESTIC HISTORIC LANDMARK - AS A LASTING CULTURAL AND ECONOMIC HUB FOR THE COMMUNITY.

  • SUPPORT THE PROMOTION, PRESERVATION, AND REUSE OF THE BUFFALO CENTRAL TERMINAL THROUGH ORGANIZATIONAL CAPACITY BUILDING, REAL ESTATE DEVELOPMENT PLANNING, CAPITAL IMPROVEMENTS AND BUILDING MAINTENANCE, AND COORDINATION OF COMMUNITY EVENTS AND ACTIVITIES.

    Expenses $360,149 · Revenue $42,500

As filed on the 2023 return.

Listed in Part VII

  • James Morrell

    CHAIR (AS OF MARCH 2023)

    Total calculated
    $0
    Hours/week
    5

  • Annie O'Neil White

    VICE CHAIR (AS OF MARCH 2023)

    Total calculated
    $0
    Hours/week
    5

  • Thomas Kucharski

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • John Jiloty

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Angela Klein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Thomas Beauford Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mike Nisengard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Gustavo Lima

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Carl Skompinski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Stephanie Clark

    CHAIR (THROUGH MARCH 2023)

    Total calculated
    $0
    Hours/week
    5

  • Monica Pellegrino Faix

    EXECUTIVE DIRECTOR

    Total calculated
    $149,575
    From this org
    $138,428
    From related orgs
    $0
    Other
    $11,147
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202442269349301019

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