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Nonprofit · EIN 16-1536196

CENTRAL TERMINAL RESTORATION CORP

Tax-exempt · BUFFALO, NY 14212

Financials

$1.8M$471K2023$3.1M$725K2024
Revenue Expenses · by fiscal year end
Financials of CENTRAL TERMINAL RESTORATION CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,087,862$725,292$2,362,570$21,296,264$10,224,590$11,071,674
December 31, 2023990$1,755,116$471,039$1,284,077$19,153,835$10,444,731$8,709,104
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,077,330
of which government grants
$2,311,591
Program service revenue
$2,800
Investment income
$7,332
Other revenue
$400

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$129,016
Other salaries and wages
$105,912
Salaries, compensation and benefits (total)
$287,328
Professional fundraising fees
$0
Legal fees
$33,832
Accounting fees
$25,145
Occupancy
$30,436
Travel
$5,881
Program services (functional)
$612,183
Management and general (functional)
$113,109

Balance sheet and other

Total assets, start of year
$19,153,835
Total assets, end of year
$21,296,264
Total liabilities, end of year
$10,224,590
Net assets, end of year
$11,071,674
Land, buildings and equipment
$20,121,586
Net assets without donor restrictions
$11,071,674
Gross receipts
$3,087,862
Employees
3
Volunteers
90
Year formed
1997
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MONICA PELLEGRINO FAIXEXECUTIVE DIRECTOR
Officer
40$129,016$18,317
JAMES MORRELLCHAIR
Trustee or director, Officer
5$0$0
ANNIE O'NEIL WHITEVICE CHAIR
Trustee or director, Officer
5$0$0
THOMAS KUCHARSKITREASURER
Trustee or director, Officer
5$0$0
JOHN JILOTYSECRETARY
Trustee or director, Officer
5$0$0
THOMAS BEAUFORD JRDIRECTOR
Trustee or director
3$0$0
PAUL HARRISDIRECTOR
Trustee or director
3$0$0
ANGELA KLEINDIRECTOR
Trustee or director
3$0$0
KIMBERLEY LAVAREDIRECTOR
Trustee or director
3$0$0
MIKE NISENGARDDIRECTOR
Trustee or director
3$0$0
CHRISTINA ORSIDIRECTOR
Trustee or director
3$0$0
GUSTAVO LIMADIRECTOR
Trustee or director
5$0$0
CARL SKOMPINSKIDIRECTOR
Trustee or director
3$0$0
RISHAWN SONUBIDIRECTOR
Trustee or director
3$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
MONICA PELLEGRINO FAIXEXECUTIVE DIRECTOR
Officer
40$138,428$11,147
JAMES MORRELLCHAIR (AS OF MARCH 2023)
Trustee or director, Officer
5$0$0
ANNIE O'NEIL WHITEVICE CHAIR (AS OF MARCH 2023)
Trustee or director, Officer
5$0$0
THOMAS KUCHARSKITREASURER
Trustee or director, Officer
5$0$0
JOHN JILOTYSECRETARY
Trustee or director, Officer
5$0$0
ANGELA KLEINDIRECTOR
Trustee or director
3$0$0
THOMAS BEAUFORD JRDIRECTOR
Trustee or director
3$0$0
MIKE NISENGARDDIRECTOR
Trustee or director
5$0$0
GUSTAVO LIMADIRECTOR
Trustee or director
3$0$0
CARL SKOMPINSKIDIRECTOR
Trustee or director
3$0$0
STEPHANIE CLARKCHAIR (THROUGH MARCH 2023)
Trustee or director, Officer
5$0$0

Address and contacts

Address (IRS master file)
PO BOX 51, BUFFALO, NY 14212-0051
Principal officer (990 for 2024)
JAMES MORRELL, PO BOX 51, BUFFALO, NY 14212
Signed the 990
JAMES MORRELL, CHAIR
Phone
(716) 754-6142
Return prepared by
WITHUM SMITH & BROWN PC

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORTED 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 $612,183 · revenue $2,800

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-1536196
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,296,264
Income (IRS master file)
$3,087,862

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,087,862$725,292$21,296,264XML
990December 2023$1,755,116$471,039$19,153,835XML
990December 2022$792,090$376,621$17,029,607IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1536196).

Questions about CENTRAL TERMINAL RESTORATION CORP

What is the EIN of CENTRAL TERMINAL RESTORATION CORP?
The employer identification number (EIN) of CENTRAL TERMINAL RESTORATION CORP is 16-1536196.
Is CENTRAL TERMINAL RESTORATION CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to CENTRAL TERMINAL RESTORATION CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTRAL TERMINAL RESTORATION CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CENTRAL TERMINAL RESTORATION CORP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CENTRAL TERMINAL RESTORATION CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CENTRAL TERMINAL RESTORATION CORP?
The 990 for the year ended December 31, 2024 names JAMES MORRELL.
Who are the officers and directors of CENTRAL TERMINAL RESTORATION CORP?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $129,016 (MONICA PELLEGRINO FAIX, EXECUTIVE DIRECTOR).
How much revenue does CENTRAL TERMINAL RESTORATION CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,087,862, expenses of $725,292 and total assets of $21,296,264 at year end.

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