2024-12-18T13:51:47-06:00 2024-06-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-07-01 166001555 BUFFALO FINE ARTS ACADEMY BUFF 7168828700 1285 ELMWOOD AVENUE BUFFALO NY 14222 MELISSA ARENA CPA CFO 7168828700 2024-12-18 1 0 DAVID A URBAN CPA P00630018 7166340700 2024-12-18 2023 2024-10-15 13:58:12Z BUFFALO AKG ART MUSEUM JANNE SIREN PHD 1285 ELMWOOD AVENUE BUFFALO NY 14222 20322767 0 X N/A X 1862 NY THE BUFFALO FINE ARTS ACADEMY WAS INCORPORATED IN 1862 TO PROMOTE, CULTIVATE AND GENERALLY FOSTER ART IN ALL ITS BRANCHES. IT IS THE PARENT ORGANIZATION OF THE BUFFALO AKG ART MUSEUM, ONE OF THE COUNTRY'S MOST PROMINENT ART MUSEUMS, AS WELL AS AN IMPORTANT CULTURAL AND EDUCATIONAL CENTER FOR WESTERN NEW YORK. THE MUSEUM IS DEDICATED TO SERVING BOTH THE LOCAL COMMUNITY AND WIDER ART AUDIENCE THROUGH A RECOGNIZED AND ACTIVE PROGRAM OF COLLECTING, EDUCATING, EXHIBITING AND INTERPRETING ART WORKS, WITH PARTICULAR EMPHASIS ON THE CREATIVE ACCOMPLISHMENTS OF THE 20TH AND 21ST CENTURIES. 36 36 230 295 0 0 60247048 6033618 803958 4810090 3503683 8309396 -72797 476509 64481892 19629613 0 0 0 0 7410909 9812181 0 0 1694267 12641871 17174725 20052780 26986906 44429112 -7357293 350110444 365917818 8546706 18630591 341563738 347287227 X THE BUFFALO FINE ARTS ACADEMY WAS INCORPORATED IN 1862 TO PROMOTE, CULTIVATE AND GENERALLY FOSTER ART IN ALL ITS BRANCHES. IT IS THE PARENT ORGANIZATION OF THE BUFFALO AKG ART MUSEUM ONE OF THE COUNTRY'S MOST PROMINENT ART MUSEUMS, AS WELL AS AN IMPORTANT CULTURAL AND EDUCATIONAL CENTER IN WESTERN NEW YORK. THE MUSEUM IS DEDICATED TO SERVING BOTH THE LOCAL COMMUNITY AND A WIDER ART AUDIENCE THROUGH A RECOGNIZED AND ACTIVE PROGRAM OF COLLECTING, EDUCATING, EXHIBITING AND INTERPRETING ART WORKS, WITH PARTICULAR EMPHASIS ON THE CREATIVE ACCOMPLISHMENTS OF THE 20TH AND 21ST CENTURY. 0 0 7364128 2029346 PURCHASE AND CONSERVATION OF WORKS OF ART- ART PURCHASED FOR THE PERMANENT COLLECTION AND RELATED CONSERVATION ACTIVITIES. 872444 1957061 GALLERY OPERATIONS- MAINTENANCE AND SECURITY OF THE COLLECTION AND VARIOUS ACTIVITIES RELATING TO THE PERMANENT COLLECTION. 4001607 779107 EXHIBITIONS- EXHIBITIONS OF VARIOUS ARTISTS WORKS WHICH ARE NOT USUALLY INCLUDED IN THE PERMANENT COLLECTION. 2212606 2073922 EDUCATIONAL PROGRAMS AND AUXILIARY ACTIVITIES INCLUDE TOURS, WORKSHOPS, ART CLASSES, LECTURES, CONCERTS, FILMS, AND COMMUNITY PROGRAMS. 2212606 2073922 14450785 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 173 0 1 230 1 0 1 CJ UK CA 0 0 0 0 0 0 0 0 0 0 X 36 36 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MELISSA ARENA CPA 7168828700 1285 ELMWOOD AVENUE BUFFALO NY 14222 JONATHAN AMOIA DIRECTOR 1.50 0.00 X 0 0 0 MONICA ANGLE DIRECTOR 1.50 0.00 X 0 0 0 SUSAN O'CONNOR BAIRD DIRECTOR 1.50 0.00 X 0 0 0 JENNIFER BALBACH DIRECTOR 1.50 0.00 X 0 0 0 CHARLES W BANTA DIRECTOR 1.50 0.00 X 0 0 0 ROBERT J BOJDAK DIRECTOR 1.50 0.00 X 0 0 0 ANN BONTE DIRECTOR 1.50 0.00 X 0 0 0 AMY CAPPELLAZZO DIRECTOR 1.50 0.00 X 0 0 0 HELEN CAPPUCCINO MD DIRECTOR 1.50 0.00 X 0 0 0 JAMES W DERRICK DIRECTOR 1.50 0.00 X 0 0 0 PAMELA DINSMORE DIRECTOR 1.50 0.00 X 0 0 0 CHRISTOPHER J FEENEY ASST. TREASURER 5.00 0.00 X X 0 0 0 CATHERINE B FOLEY VICE PRESIDENT 5.00 1.00 X X 0 0 0 ROSCOE C HENDERSON III DIRECTOR 1.50 0.00 X 0 0 0 LN HOPKINS MD DIRECTOR 1.50 0.00 X 0 0 0 PETER FHUNT DIRECTOR 1.50 0.00 X 0 0 0 THOMAS R HYDE DIRECTOR 1.50 0.00 X 0 0 0 ALICE F JACOBS PRESIDENT 5.00 1.00 X X 0 0 0 MICHAEL LEE JOSEPH DIRECTOR 1.50 0.00 X 0 0 0 ROBERTA S JOSEPH DIRECTOR 1.50 0.00 X 0 0 0 WILL KERESZTES EDD DIRECTOR 1.50 0.00 X 0 0 0 NORTHRUP R KNOX JR DIRECTOR 1.50 0.00 X 0 0 0 CARL GUSTAF EHRNROOTH DIRECTOR 1.50 0.00 X 0 0 0 JODY B LIPPES DIRECTOR 1.50 0.00 X 0 0 0 FRANCOIS ROCHON DIRECTOR 1.50 0.00 X 0 0 0 KEVIN D ROBINSON DIRECTOR 1.50 0.00 X 0 0 0 CHRISTINE SABUDA DIRECTOR 1.50 0.00 X 0 0 0 JOHN R SANDERSON TREASURER 5.00 1.00 X X 0 0 0 ADNAN H SIDDIQUI MD DIRECTOR 1.50 0.00 X 0 0 0 HARRIS SCHWALB DIRECTOR 1.50 0.00 X 0 0 0 RACHEL STENCLIK DIRECTOR 1.50 0.00 X 0 0 0 NICOLE SWIFT DIRECTOR 1.50 0.00 X 0 0 0 THURMAN THOMAS DIRECTOR 1.50 0.00 X 0 0 0 GRACE TATE DIRECTOR 1.50 0.00 X 0 0 0 JODI JOHNSTON QUATROCHE DIRECTOR 1.50 0.00 X 0 0 0 FREDERICK G PIERCE II SECRETARY 5.00 0.00 X X 0 0 0 MELISSA ARENA CPA CFO 35.00 0.00 X 154808 0 21737 JANNE SIREN PHD MUSEUM DIRECTOR 35.00 0.00 X 407923 0 40358 WILLIAM J ROBIDEAU DIRECTOR OF FACILITIES 35.00 0.00 X 153000 0 10950 JILLIAN JONES DEPUTY DIRECTOR 35.00 0.00 X 165000 0 21778 BRYAN GAWRONSKI DIRECTOR OF INFORMATION TE 35.00 0.00 X 134423 0 29127 ANDREA HARDEN DIRECTOR OF HUMAN RESOURCE 35.00 0.00 X 123423 0 8831 CATHLEEN CHAFFEE CHIEF CURATOR 35.00 0.00 X 130827 0 19331 CHARLES GARLING DIRECTOR OF LEARNING & CREATIVITY 35.00 0.00 X 108462 0 21054 1377866 0 173166 8 0 1 0 GILBRANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 36051407 COOPER ROBERTSON 123 WILLIAM STREET FL 27 NEW YORK NY 10038 ARCHITECTURE & DESIGN 982265 NAPIER AND SONS INC 517 BRIGHTON RD TONAWANDA NY 14150 CONSTRUCTION 975109 ARC BUILDING PARTNERS 100 S ELMWOOD AVE STE 100 BUFFALO NY 14202 CONSTRUCTION 611561 MILLINGTON LOCKWOOD INC 3901 GENESEE ST 800 BUFFALO NY 14225 CONSTRUCTION 543699 44 122012 1715000 4196606 139105 6033618 EDUCATION 713990 2073922 2073922 MEMBERSHIPS 713990 1097180 1097180 AUXILIARY SERVICES 713990 859881 859881 EXHIBITIONS 713990 779107 779107 4810090 1425922 1425922 4854128 2029346 0 0 4854128 2029346 6883474 2029346 4854128 1169663 122012 693154 476509 476509 19629613 6839436 0 6756559 1377866 455712 812569 109585 6613820 2187441 3900368 526011 398199 131699 234830 31670 831934 275153 490616 66165 590362 195255 348154 46953 424734 424734 744325 433974 236212 74139 94629 92848 1781 248890 92522 73360 83008 105415 10332 93916 1167 477879 3613 474266 921531 653222 209516 58793 17937 4436 11158 2343 318865 127994 155283 35588 4406385 1569867 2307646 528872 248269 26578 221691 ACQUISITION, PRESERVATI 7352210 7352210 CLEANING & MAINTENANCE 680253 128844 483902 67507 INSTALLATION 306437 306437 COST OF GOODS SOLD - GI 301813 301813 525153 193683 270785 60685 26986906 14450785 10841854 1694267 3287593 3111680 12792704 7382457 512558 4062032 335000 335000 153479 438452 1022040 1548301 196609899 16516400 172704714 180093499 148036799 156511918 11265557 12434479 350110444 365917818 7018113 3148585 194133 232490 84460 10249516 1250000 5000000 8546706 18630591 X 13246860 13811242 328316878 333475985 341563738 347287227 350110444 365917818 -7357293 13080782 0 X X 0 1 X 1 0 X 10984914 40853609 16717790 60247048 6033618 134836979 10984914 40853609 16717790 60247048 6033618 134836979 32161146 102675833 2210979 2602173 1421150 1483672 1425922 9143896 143980875 7702888 0.71310 0.69990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 1 0 1 31000 31000 0 PART II-B, LINE 1: BUFFALO FINE ARTS ACADEMY PAID 1 LOBBYING FIRM TO SOLICIT GOVERNMENT SUPPORT FOR ITS AK360 CAPITAL CAMPAIGN. X X 0 148371799 660951 18660095 10845927 156846918 146151632 2799908 14666642 15246383 148371799 185680154 3766503 -23658015 19637010 146151632 151919209 4514711 43881740 14635506 185680154 159063444 8620 5320622 12473477 151919209 0.00000 0.94422 0.05578 0 0 188066918 12837340 175229578 8532549 3679060 4853489 10432 10432 180093499 ALTERNATIVE INVESTMENTS 70372627 F EQUITY SECURITIES 6231727 F FOREIGN EQUITY SECURITIES 2395816 F MUTUAL FUNDS 69661528 F POOLED FUNDS 7850220 F 156511918 X PART III, LINE 1A: IT IS THE ACADEMY'S POLICY TO PURCHASE WORKS OF ART WITH DONOR RESTRICTED FUNDS, INCLUDING CONTRIBUTIONS RECEIVED FOR SUCH PURPOSE, AND PROCEEDS FROM THE DEACCESSIONING OF OTHER WORKS OF ART. IT IS THE ACADEMY'S POLICY NOT TO CAPITALIZE ITS COLLECTION OF WORKS OF ART. THEREFORE, THE VALUE OF ART OBJECTS IS NOT INCLUDED ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND CHANGES IN NET ASSETS AND NO DETERMINATION HAS BEEN MADE OF THE AGGREGATE VALUE OF SUCH ASSETS FOR FINANCIAL REPORTING PURPOSES. CONTRIBUTIONS OF WORKS OF ART ARE TREATED IN THE SAME MANNER AS PURCHASES OF WORKS OF ART IN THAT THEY ARE NOT CAPITALIZED. PROCEEDS FROM DEACCESSIONS ARE REFLECTED ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS AS NET ASSETS WITH DONOR RESTRICTIONS, BASED ON THE ABSENCE OR EXISTENCE OF DONOR-IMPOSED RESTRICTIONS. USE OF THE PROCEEDS OF DEACCESSIONED OBJECTS ARE RESTRICTED SOLELY TO SUPPORT THE ACQUISITION OF OTHER OBJECTS FROM THE COLLECTION. PART III, LINE 4: THE ORGANIZATION'S COLLECTION INCLUDES WORKS OF MODERN AND CONTEMPORARY ART WHICH IT EXHIBITS TO FURTHER THE APPRECIATION OF MODERN AND CONTEMPORARY ART AS WELL AS EDUCATE THE GENERAL PUBLIC. PART V, LINE 4: THE BUFFALO FINE ARTS ACADEMY INTENDS TO USE THE ENDOWMENT FUNDS TO PROMOTE, CULTIVATE AND GENERALLY FOSTER ART IN ALL ITS BRANCHES. PART X, LINE 2: THE ACADEMY AS BEEN INFORMED BY THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT DOES NOT BELIEVE THAT CIRCUMSTANCES HAVE OCCURRED THAT HAVE ALTERED THE TAX-EXEMPT STATUS OF THE ACADEMY. THE ACADEMY HAS ALSO RECEIVED A DETERMINATION LETTER THAT THEY ARE NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ACADEMY'S WHOLLY-OWNED SUBSIDIARY, ALBRIGHT-KNOX RESTAURANT, INC., IS A TAXABLE CORPORATION. ALKASW, INC., IS ALSO EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 1 PROGRAM SERVICES ART PURCHASES FOR CONSERVATION AND PRESERVATION 1828844 0 1 0 0 0 1 1828844 0 1828844 0 0 0 0 0 0 FALL GALA 394895 39689 355206 131153 26607 SUMMER EVENT - ROCKIN 618045 20483 597562 74514 295289 5 278735 61840 216895 83580 82011 1291675 122012 1169663 289247 403907 693154 476509 X X X X 0 0 0 0 0 0 0 0 0 JANNE SIREN PHD MUSEUM DIRECTOR 407923 0 0 0 0 0 12200 0 28158 0 448281 0 0 0 JILLIAN JONES DEPUTY DIRECTOR 165000 0 0 0 0 0 11550 0 10228 0 186778 0 0 0 MELISSA ARENA CPA CFO 154808 0 0 0 0 0 7867 0 13870 0 176545 0 0 0 WILLIAM J ROBIDEAU DIRECTOR OF FACILITIES 153000 0 0 0 0 0 10710 0 240 0 163950 0 0 0 BRYAN GAWRONSKI DIRECTOR OF INFORMATION TE 134423 0 0 0 0 0 18952 0 10175 0 163550 0 0 0 CATHLEEN CHAFFEE CHIEF CURATOR 130827 0 0 0 0 0 9158 0 10173 0 150158 0 0 0 JANNE SIREN PHD MUSEUM DIRECTOR PROVIDE THE DIRECTOR WITH A PLACE OF RESIDENCE WHILE SERVING THE MUSEUM. X 335000 335000 0 1 1 335000 X 1 15093 FMV X FUNDRAISING EVENT FOOD, GIFTS, SUPPLIES 1 122012 FMV X SOFTWARE & MAINTENANCE 1 2000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL AND ROBERTA JOSEPH ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS A BOARD OF DIRECTORS, AS WELL AS A GENERAL MEMBERSHIP WHICH PATRONS OF THE ARTS MAY JOIN. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING OF THE ORGANIZATION'S MEMBERS, CERTAIN AGENDA TOPICS ARE VOTED ON TO APPROVE THE ACTIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER HAS THE OPPORTUNITY TO REVIEW A DRAFT OF THE IRS FORM 990 PRIOR TO IT BEING FILED. ANY COMMENTS OR QUESTIONS REGARDING THE FORM ARE DIRECTED TO AND ANSWERED BY THE CFO. THEREAFTER, THE BOARD APPROVES THE 990, AND IT IS SIGNED BY THE CFO, AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS, ANNUALLY AT THE BEGINNING OF EACH PROGRAM YEAR IN OCTOBER, DISTRIBUTES A CONFLICT OF INTEREST POLICY AND A BOARD MEMBER COMMITMENT FORM. THE DEPUTY DIRECTOR'S OFFICE TRACKS THE DISTRIBUTION AND RETURN OF THESE DOCUMENTS, REVIEWS EACH FORM, NOTES ANY CONFLICT FOR THE GOVERNANCE COMMITTEE'S REVIEW, AND KEEPS THE ORIGINAL SIGNED COPIES IN A NOTEBOOK IN ITS OFFICE. THE GOVERNANCE COMMITTEE REVIEWS ALL CONFLICTS AND TAKES APPROPRIATE ACTION CONSISTENT WITH THE CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE DIRECTOR AND ALL EMPLOYEES OF THE BUFFALO AKG ART MUSEUM (WHO ARE REQUIRED TO HAVE MUSEUM EXPERIENCE AND SKILLS) IS BASED ON PREVAILING COMPENSATION LEVELS IN THE FIELD AT THE NATIONAL LEVEL (BASED-ON THE ASSOCIATION OF ART MUSEUM DIRECTORS ANNUAL SALARY SURVEY) AND REGIONAL/LOCAL LEVEL (BASED ON WESTERN NEW YORK SALARY SURVEYS). REVIEW AND DETERMINATION OF SALARIES, BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE FOR THE DIRECTOR'S COMPENSATION, AND BY THE TALENT AND CULTURE DEPARTMENT AND SENIOR MANAGEMENT (DIRECTOR, DEPUTY DIRECTOR, CHIEF CURATOR, CFO, DIRECTOR OF COMMUNICATIONS, DIRECTOR OF INFORMATION TECHNOLOGY, DIRECTOR OF COMMUNITY ENGAGEMENT, DIRECTOR OF FACILITIES, ASSOCIATE DIRECTOR OF ADVANCEMENT FOR THEIR RESPECTIVE DEPARTMENTAL STAFF POSITIONS). FORM 990, PART VI, SECTION C, LINE 18 ACCORDING TO FORM 990 INSTRUCTIONS, APPLICATIONS FILED BEFORE JULY 15, 1987 NEED NOT BE MADE PUBLICLY AVAILABLE, UNLESS THE ORGANIZATION HAD A COPY ON JULY 15, 1987. THE BUFFALO FINE ARTS ACADEMY DID NOT HAVE A COPY ON JULY 15, 1987, AND HAD APPLIED FOR TAX EXEMPT STATUS IN 1940. CONSEQUENTLY, FORM 1023 IS NOT MADE PUBLICLY AVAILABLE. THE BUFFALO FINE ARTS ACADEMY WAS GRANTED 501(C)3 STATUS ON DECEMBER 19, 1940. COPIES OF IRS FORM 990 ARE MAINTAINED IN THE DEPUTY DIRECTOR'S OFFICE AND ARE MADE AVAILBLE UPON REQUEST DURING REGULAR BUSINESS HOURS. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE MAINTAINED IN THE DEPUTY DIRECTOR'S OFFICE AND ARE MADE AVAILABLE UPON REQUEST DURING REGULAR BUSINESS HOURS. FORM 990 PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. ALKSAW INC 1285 ELMWOOD AVENUE BUFFALO NY 14222 202749189 HOLD TITLE TO PROPERTY. COLLECT INCOME FROM PROPERTY, AND REMIT NET NY 501(C)(2) BUFFALO FINE ARTS ACADEMY 0 ALBRIGHT KNOX RESTAURANTINC 1285 ELMWOOD AVENUE BUFFALO NY 14222 161171189 RESTAURANT OPERATIONS NY BUFFALO FINE ARTS ACADEMY C 381629 1.00000 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 ALKSAW INC D 10815641 TRANSACTION COSTS ALKSAW INC K 270000 FAIR MARKET VALUE ALBRIGHT KNOX RESTAURANT INC D 1506121 TRANSACTION COSTS