2025-11-10T08:05:33-06:00 2025-06-30 474526160 EFPR GROUPCPAS PLLC 6390 MAIN STREETSUITE 200 WILLIAMSVILLE NY 14221 990 2024-07-01 202749189 ALKASW INC CO THE BUFFALO FINE ARTS ACADEMY ALKA 7168828700 1285 ELMWOOD AVENUE BUFFALO NY 14222 MELISSA ARENA CPA CFO 7168828700 2025-11-07 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-11-07 2024 2025-03-06 01:10:19Z MELISSA ARENA CPA 1285 ELMWOOD AVENUE BUFFALO NY 14222 270000 0 X N/A X 2005 NY TITLE HOLDING COMPANY IN SUPPORT OF ITS SOLE VOTING MEMBER, THE BUFFALO FINE ARTS ACADEMY (BFAA), A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. 3 3 0 0 0 0 0 0 270000 270000 0 0 0 0 270000 270000 0 0 0 0 0 0 0 0 0 1033070 1017512 1033070 1017512 -763070 -747512 7540933 7416391 12412613 13035583 -4871680 -5619192 X THE EXCLUSIVE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO A) HOLD TITLE TO CERTAIN PROPERTY IN BUFFALO NEW YORK B) COLLECT INCOME FROM THIS PROPERTY, AND C) REMIT THE NET INCOME TO ITS SOLE VOTING MEMBER, THE BUFFALO FINE ARTS ACADEMY (BFAA) A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 0 0 1017512 270000 COLLECTION OF RENTAL INCOME IN ORDER TO MAINTAIN WESTERN NEW YORK'S MOST PROMINENT MODERN AND CONTEMPORARY ART GALLERY, MUSEUM, CULTURAL AND EDUCATIONAL CENTER. 1017512 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MELISSA ARENA CPA 7168828700 1285 ELMWOOD AVENUE BUFFALO NY 14222 ALICE F JACOBS PRESIDENT 1.00 5.00 X 0 0 0 CATHERINE B FOLEY VICE PRESIDENT 1.00 5.00 X 0 0 0 JONATHAN AMOIA TREASURER 1.00 5.00 X 0 0 0 MELISSA ARENA CPA CFO 1.00 35.00 X 0 142769 23381 0 142769 23381 0 0 1 0 0 RENTAL INCOME 531190 270000 270000 270000 270000 270000 0 0 1800 2474 96378 95863 232160 51488 ART PREP CONSERVATION & 258037 SECURITY 202999 TELEPHONE 42543 REPAIRS & MAINTENANCE 31095 2675 1017512 59306 111764 2840 1892 9265955 1963220 7478787 7302735 7540933 7416391 68212 69497 1528760 1048760 10815641 11917326 12412613 13035583 X -4871680 -5619192 -4871680 -5619192 7540933 7416391 -747512 0 X X 0 1 X 1 0 85707 85707 8577422 1565166 7012256 599712 398054 201658 3114 3114 7302735 DUE TO BUFFALO FINE ARTS ACADEMY 11917326 11917326 X 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. 0 0 0 MELISSA ARENA CPA CFO 0 142769 0 0 0 0 0 9505 0 13876 0 166150 0 0 FORM 990, PART VI, SECTION A, LINE 6 ALKASW, INC HAS A BOARD OF DIRECTORS CONSISTING OF 3 MEMBERS FORM 990, PART VI, SECTION A, LINE 7B AT THE ANNUAL MEETING OF THE ORGANIZATION'S MEMBER, 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 THE DATE IT IS FILED WITH THE IRS. ANY COMMENTS OR QUESTIONS REGARDING THE FORM ARE DIRECTED TO AND ANSWERED BY THE CFO. THEREAFTER THE BOARD OF BFAA APPROVES THE 990, IT IS SIGNED BY THE CFO AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS OF BFAA, 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 OF THE BFAA REVIEWS ALL CONFLICTS AND TAKES APPROPRIATE ACTION CONSISTENT WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS, CONFLICTS 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 FROM THE PRIOR YEAR BUFFALO FINE ARTS ACADEMY 1285 ELMWOOD AVENUE BUFFALO NY 14222 166001555 EXHIBITION OF VARIOUS ARTISTS WORKS NY 501(C) (3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 BUFFALO FINE ARTS ACADEMY E 11917326 FAIR MARKET VALUE BUFFALO FINE ARTS ACADEMY J 270000 FAIR MARKET VALUE