Buffalo Heritage Carousel INC

Tax-deductible

Buffalo, NY501(c)(3)Arts & CultureEIN 47-1845215

Our vision to bring a solar-powered carousel to our revitalized urban waterfront will celebrate the history of carousel manufacturing in western new york and our legacy of leadership in the use of renewable energy that began in 1901 with the transmission of hydro-electric power from niagara falls to buffalo.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 30 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $458K a year · 46% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 0.4% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $31K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$310K
-18% vs prior year
Spent
$467K
To programs
78%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$310K
FY2024▼ -18%
Revenue by fiscal year
FY2020$3.1M
FY2021$748K
FY2022$427K
FY2023$380K
FY2024$310K
Expenses
$467K
FY2024▼ -10%
Expenses by fiscal year
FY2020$249K
FY2021$862K
FY2022$553K
FY2023$520K
FY2024$467K
Net assets
$2.7M
FY2024▼ -5%
Net assets by fiscal year
FY2020$3.9M
FY2021$3.1M
FY2022$3.0M
FY2023$2.9M
FY2024$2.7M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $366K Management & general 22% · $101K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$1,771Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Carima El-Behairy’s $2K as Executive Director is at the 1st percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Carima El-Behairy$1,771$63,088$60,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Buffalo Heritage Carousel INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds a solar-powered carousel celebrating local carousel history and renewable energy legacy.

Provided by the organization

This section is blank until Buffalo Heritage Carousel INC claims this page.

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1 program service account for $366K of program spending, described in the organization's own filed words · FY2024.
01

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…

$366Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$31K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$310K
Ln 12
Gifts and grantsLn 1h$178K
Fees for servicesLn 2g$106K
Other incomeLn 4–11$26K
Money outPt IX
$467K
Ln 25
Programscol B$366K
Managementcol C$101K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$4.2M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Government grantsLn 1e$76K
Fees for servicesLn 2g$106K
Other incomeLn 4–11$26K
Total revenueLn 12$310K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$4.2M
Total assetsLn 16$4.2M
LiabilitiesLn 26$1.5M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$29K$39K
Land, buildings, equipmentLn 10c$4.4M$4.2M
Total assetsLn 16$4.5M$4.2M
LiabilitiesLn 26$1.6M$1.5M
Net assetsLn 32$2.9M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$62K$62K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$595$595
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$31K$29K$2K
Office expensesLn 13$7K$7K
OccupancyLn 16$11K$9K$3K
InterestLn 20$55K$41K$14K
Depreciation, depletion and amortizationLn 22$206K$154K$51K
InsuranceLn 23$44K$33K$11K
Other expenses (24a–d)Ln 24$33K$31K$2K
Total functional expensesLn 25$467K$366K$101K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $310K$467K−$157K$2.7M 990 PDF
FY2023 $380K$520K−$140K$2.9M 990 PDF
FY2022 $427K$553K−$126K$3.0M 990 PDF
FY2021 $748K$862K−$114K$3.1M 990 PDF
FY2020 $3.1M$249K$2.8M$3.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $310,356 across 6 lines filed
VIII-1e Government grants$75,500
VIII-1f All other contributions, gifts and grants$102,603
VIII-1h Total contributions, gifts and grants$178,103
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,109$106,109
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,144$26,144
VIII-12 Total revenueRelated to mission $132,253 · Unrelated business $0 · Excluded from tax $0$310,356
Part IX · Statement of functional expenses $467,150 across 11 lines filed
IX-7 Other salaries and wagesPrograms $61,525$61,525
IX-10 Payroll taxesPrograms $6,641$6,641
IX-11b Legal feesManagement $595$595
IX-11c Accounting feesManagement $10,330$10,330
IX-11g Other fees for servicesPrograms $29,437 · Management $1,685$31,122
IX-13 Office expensesManagement $7,324$7,324
IX-16 OccupancyPrograms $8,510 · Management $2,836$11,346
IX-20 InterestPrograms $41,419 · Management $13,806$55,225
IX-22 Depreciation, depletion and amortizationPrograms $154,334 · Management $51,444$205,778
IX-23 InsurancePrograms $32,958 · Management $10,986$43,944
IX-24 Other expenses (24a–d)Programs $31,378 · Management $1,942$33,320
IX-25 Total functional expensesPrograms $366,202 · Management $100,948 · Fundraising $0$467,150
Part X · Balance sheet $4,249,665 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $18,576$29,089
X-2 Savings and temporary cash investmentsStart of year $9,990$9,777
X-9 Prepaid expenses and deferred chargesStart of year $13,131$13,131
X-10c Land, buildings and equipment, netStart of year $4,403,446$4,197,668
X-16 Total assetsStart of year $4,470,143$4,249,665
X-17 Accounts payable and accrued expensesStart of year $13,010$6,326
X-19 Deferred revenueStart of year $816,000$768,000
X-24 Unsecured notes and loans payableStart of year $225,000$216,000
X-25 Other liabilitiesStart of year $550,000$550,000
X-26 Total liabilitiesStart of year $1,604,010$1,540,326
X-27 Net assets without donor restrictionsStart of year $2,866,133$2,709,339
X-32 Total net assets or fund balancesStart of year $2,866,133$2,709,339
X-33 Total liabilities and net assetsStart of year $4,470,143$4,249,665
Part XI · Reconciliation of net assets $2,709,339 net assets at year end
XI-1 Total revenue$310,356
XI-2 Total expenses$467,150
XI-3 Revenue less expenses−$156,794
XI-4 Net assets at start of year$2,866,133
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,709,339

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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