Civic Intelligence

The Iron Island Preservation

EIN 16-1434852 • 501(c)3 • Buffalo, NY

Profile

The purpose of the corporation is to preserve the historic character of iron island, a turn of the century neighborhood located in the lovejoy district of buffalo, new york, by organizing varous beautifcation projects intended to promote civic pride in the area. To do and carry on any and all such lawful acts and acitivies as will further the foregoing purposes.

998 LovejoyBuffalo, NY 14206

www.ironislandmuseum.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

31st percentile

-0.7%

Higher net margin than 31% of similar nonprofits.

NTEE S20 • <$500k nonprofits • Source year 2023

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S20 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

-0.2%

Faster asset growth than 49% of similar nonprofits.

NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

79%

Faster revenue growth than 83% of similar nonprofits.

NTEE S20 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$104,622

Down $174 (-0.2%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$104,622

Down $174 (-0.2%) from 2022

Revenue

Up

$24,637

Up $10,855 (+79%) from 2022

Expenses

Up

$24,811

Up $8,558 (+53%) from 2022

Net Income

Up

-$174

Up $2,297 (+93%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2017: $117,946Net Assets 2017: $117,9462017Assets 2018: $117,276Net Assets 2018: $117,2762018Assets 2019: $115,615Net Assets 2019: $115,6152019Assets 2020: $109,885Net Assets 2020: $109,8852020Assets 2021: $107,567Net Assets 2021: $107,5672021Assets 2022: $104,796Net Assets 2022: $104,7962022Assets 2023: $104,622Net Assets 2023: $104,6222023

Highlighted filing

2023

Assets$104,622
Liabilities-
Net Assets$104,622

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2017: $85,020Expenses 2017: $88,040Net Income 2017: -$3,0202017Revenue 2018: $24,512Expenses 2018: $25,182Net Income 2018: -$6702018Revenue 2019: $35,900Expenses 2019: $37,561Net Income 2019: -$1,6612019Revenue 2020: $21,814Expenses 2020: $27,544Net Income 2020: -$5,7302020Revenue 2021: $24,719Expenses 2021: $27,037Net Income 2021: -$2,3182021Revenue 2022: $13,782Expenses 2022: $16,253Net Income 2022: -$2,4712022Revenue 2023: $24,637Expenses 2023: $24,811Net Income 2023: -$1742023

Highlighted filing

2023

Revenue$24,637
Expenses$24,811
Net Income-$174

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 31, 2024
Return Version
2023v5.0
Gross Receipts
$24,637
Mission and Program Overview

Mission

The purpose of the corporation is to preserve the historic character of iron island, a turn of the century neighborhood located in the lovejoy district of buffalo, new york, by organizing varous beautifcation projects intended to promote civic pride in the area. To do and carry on any and all such lawful acts and acitivies as will further the foregoing purposes.

Program Services

DescriptionGrantsExpenses
NORMAL MAINTENANCE, UTILITES, DEPRECIATION ON BUILDING-$24,811
NORMAL MAINTENANCE, UTILITES, DEPRECIATION ON BUILDING--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA HASTREITERPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
The Iron Island Preservation
EIN
16-1434852
Phone
7168923084
Address
998 LOVEJOY, BUFFALO, NY 14206

Signing Officer

Name
Linda Hastreiter
Title
President
Phone
7168923084
Signed
2024-10-31
Discuss with paid preparer
Yes

Preparer

Firm
525 Aero Drive Inc
Address
525 AERO DR, CHEEKTOWAGA, NY 14225
Preparer
Barbara Karl
Phone
7166327897
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses maintenace, utilites, accting 22,247 non-investment depreciation 2,564 total 24,811

Form 990-ez, Part II, Line 24

Museum building 100,000 100,000 less accumulated depreciation 46,454 48,718 truck 300 300 less accumulated depreciation 300 300 museum display 50,000 50,000 total 103,546 101,282

Form 990-ez, Part III

The purpose of the corporation is to preserve the historic character of iron island, a turn of the century neighborhood located in the lovejoy district of buffalo, new york, by organizing varous beautifcation projects intended to promote civic pride in the area. To do and carry on any and all such lawful acts and acitivies as will further the foregoing purposes.

Form 990-ez, Part III, Line 31

Normal maintenance, utilites, depreciation on building

Raw XML Appendix130 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PhoneNum07168923084
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd014206
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01250
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03340
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-174
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LINDA HASTREITER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE CORPORATION IS TO PRESERVE THE HISTORIC CHARACTER OF IRON ISLAND, A TURN OF THE CENTURY NEIGHBORHOOD LOCATED IN THE LOVEJOY DISTRICT OF BUFFALO, NEW YORK, BY ORGANIZING VAROUS BEAUTIFCATION PROJECTS INTENDED TO PROMOTE CIVIC PRIDE IN THE AREA. TO DO AND CARRY ON ANY AND ALL SUCH LAWFUL ACTS AND ACITIVIES AS WILL FURTHER THE FOREGOING PURPOSES.
IRS990EZ/ProgramServiceRevenueAmt014937
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1NORMAL MAINTENANCE, UTILITES, DEPRECIATION ON BUILDING
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt024811
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt024811
IRS990EZ/TotalProgramServiceExpensesAmt024811
IRS990EZ/TotalRevenueAmt024637
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.IRONISLANDMUSEUM.COM
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt014700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014937
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0120852
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt024637
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt013782
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt035900
IRS990ScheduleA/Total509Grp/TotalAmt0120852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt024637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt013782
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt035900
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0120852
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MAINTENACE, UTILITES, ACCTING 22,247 NON-INVESTMENT DEPRECIATION 2,564 TOTAL 24,811
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MUSEUM BUILDING 100,000 100,000 LESS ACCUMULATED DEPRECIATION 46,454 48,718 TRUCK 300 300 LESS ACCUMULATED DEPRECIATION 300 300 MUSEUM DISPLAY 50,000 50,000 TOTAL 103,546 101,282
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PURPOSE OF THE CORPORATION IS TO PRESERVE THE HISTORIC CHARACTER OF IRON ISLAND, A TURN OF THE CENTURY NEIGHBORHOOD LOCATED IN THE LOVEJOY DISTRICT OF BUFFALO, NEW YORK, BY ORGANIZING VAROUS BEAUTIFCATION PROJECTS INTENDED TO PROMOTE CIVIC PRIDE IN THE AREA. TO DO AND CARRY ON ANY AND ALL SUCH LAWFUL ACTS AND ACITIVIES AS WILL FURTHER THE FOREGOING PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NORMAL MAINTENANCE, UTILITES, DEPRECIATION ON BUILDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA HASTREITER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07168923084
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE IRON ISLAND PRESERVATION
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0161434852
ReturnHeader/Filer/PhoneNum07168923084
ReturnHeader/Filer/USAddress/AddressLine1Txt0998 LOVEJOY
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
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ReturnHeader/PreparerPersonGrp/PhoneNum07166327897
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARBARA KARL
ReturnHeader/ReturnTs02024-11-14T09:04:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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