2019-11-13T08:11:19-06:00 2019-06-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2018-07-01 166001555 BUFFALO FINE ARTS ACADEMY BUFF 7168828700 1285 ELMWOOD AVENUE BUFFALO NY 14222 MELISSA ARENA CFO 7168828700 2019-11-13 1 DAVID A URBAN CPA P00630018 7166340700 2019-11-12 64.88.174.3 2019-11-13 09:11:09 ES P AE82551C2A183A39C7E78DFC4FD89A4E70A6975F 39386B12B56C0661508018386AB4E9D4A41F75A5 2018 2020-03-31 21:24:44Z JANNE SIREN PHD 1285 ELMWOOD AVENUE BUFFALO NY 14222 72871782 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 ALBRIGHT-KNOX ART GALLERY, ONE OF THE COUNTRY'S MOST PROMINENT ART MUSEUMS, AS WELL AS AN IMPORTANT CULTURAL AND EDUCATIONAL CENTER FOR WESTERN NEW YORK. THE GALLERY 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. 32 32 175 0 0 0 12637359 9062320 1981426 1986821 6723012 8703971 169249 180796 21511046 19933908 0 0 0 0 5036807 4988347 0 0 790242 13607442 11060089 18644249 16048436 2866797 3885472 222755938 228940170 5134319 5955129 217621619 222985041 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 ALBRIGHT-KNOX ART GALLERY, ONE OF THE COUNTRY'S MOST PROMINENT ART MUSEUMS, AS WELL AS AN IMPORTANT CULTURAL AND EDUCATIONAL CENTER IN WESTERN NEW YORK. THE GALLERY 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 5786081 PURCHASE AND CONSERVATION OF WORKS OF ART- ART PURCHASED FOR THE PERMANENT COLLECTION AND RELATED CONSERVATION ACTIVITIES. 1428712 2411442 GALLERY OPERATIONS- MAINTENANCE AND SECURITY OF THE COLLECTION AND VARIOUS ACTIVITIES RELATING TO THE PERMANENT COLLECTION. 2457234 334146 EXHIBITIONS- EXHIBITIONS OF VARIOUS ARTISTS WORKS WHICH ARE NOT USUALLY INCLUDED IN THE PERMANENT COLLECTION. 688156 695180 EDUCATIONAL PROGRAMS AND AUXILIARY ACTIVITIES INCLUDE TOURS, WORKSHOPS, ART CLASSES, LECTURES, CONCERTS, FILMS, AND COMMUNITY PROGRAMS. 688156 695180 10360183 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 101 0 1 175 1 0 1 CJ UK CA 0 0 0 1 1 0 0 0 0 0 0 X 32 32 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MELISSA ARENA 7168828700 1285 ELMWOOD AVENUE BUFFALO NY 14222 ALICE F JACOBS PRESIDENT 5.00 1.00 X X 0 0 0 CATHERINE B FOLEY VICE PRESIDENT 5.00 1.00 X X 0 0 0 FREDERICK G PIERCE II SECRETARY 5.00 0.00 X X 0 0 0 JOHN R SANDERSON TREASURER 5.00 1.00 X X 0 0 0 CHRISTOPHER J FEENEY ASST. TREASURER 5.00 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 CHARLES W BANTA DIRECTOR 1.50 0.00 X 0 0 0 ANN BONTE DIRECTOR 1.50 0.00 X 0 0 0 ROBERT J BOJDAK DIRECTOR 1.50 0.00 X 0 0 0 ROBERT T BRADY 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 SALLY GIOIA DIRECTOR 1.50 0.00 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 MICHAEL LEE JOSEPH DIRECTOR 1.50 0.00 X 0 0 0 ROBERTA 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 SEYMOUR H KNOX IV 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 DEBORAH RUSSELL DIRECTOR 1.50 0.00 X 0 0 0 CHRISTINE SABUDA DIRECTOR 1.50 0.00 X 0 0 0 HARRIS SCHWALB DIRECTOR 1.50 0.00 X 0 0 0 R BUFORD SEARS 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 HEATHER WILLIAMS DIRECTOR 1.50 0.00 X 0 0 0 ELISABETH ROCHE WILMERS DIRECTOR 1.50 0.00 X 0 0 0 MELISSA ARENA CFO 35.00 0.00 X 145600 0 16269 JANNE SIREN PHD MUSEUM DIRECTOR 35.00 0.00 X 381000 0 33520 JOE LIN-HILL DEPUTY DIRECTOR 35.00 0.00 X 156400 0 20149 WILLIAM J ROBIDEAU DIRECTOR OF FACILITIES 35.00 0.00 X 105776 0 7013 788776 0 76951 4 0 1 0 OMA ARCHITECTURE PC 180 VARICK STREET SUITE 1328 NEW YORK NY 10014 ARCHITECTURE 4744819 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET 6TH FLOOR NEW YORK NY 10019 CAPITAL PROJECT MANAGEMENT 645317 ARC BUILDING PARTNERS 100 SOUTH ELMWOOD AVE SUITE 100 BUFFALO NY 14202 BUILDING PROJECT MANAGEMENT 388160 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION & DEVELOPMENT 347711 GROVE ROOFING SERVICES INC 131 READING STREET BUFFALO NY 14220 ROOFING CONTRACTOR 259360 14 257722 638475 8166123 404990 9062320 EDUCATION 713990 695179 695179 AUXILIARY SERVICES 713990 507734 507734 MEMBERSHIPS 713990 449763 449763 EXHIBITIONS 713990 334145 334145 1986821 2782535 2782535 57843886 51922450 5921436 5921436 5921436 1196220 257722 1015424 180796 180796 19933908 1986821 0 8884767 3862934 1635069 1901087 326778 286541 121285 141017 24239 499829 211563 245984 42282 339043 143507 166855 28681 425360 425360 173439 86701 74088 12650 217240 217240 253105 174041 32818 46246 105201 7883 94551 2767 407727 407727 333392 162869 127450 43073 39525 8219 30756 550 129205 74993 38620 15592 884719 370289 366478 147952 255910 180179 75731 ACQUISTION, PRESERVATIO 5786081 5786081 TRANSPORTATION EXP 596744 596744 OUTSIDE SERVICES 400077 174763 213557 11757 CLEANING & MAINTENANCE 333865 86386 191082 56397 718499 539611 147610 31278 16048436 10360183 4898011 790242 2893642 1130898 16324446 14213542 3137602 1149353 335000 335000 402152 338240 349416 286456 33392337 17795525 10560411 15596812 156836583 158728443 31916686 37161426 222755938 228940170 2868176 3789257 555812 117077 325331 188795 1385000 1860000 5134319 5955129 X 9036838 10079945 179905061 184211961 28679720 28693135 217621619 222985041 222755938 228940170 3885472 1477951 0 X X 0 1 X 1 0 X 5849728 3957720 72807766 12637359 8804598 104057171 5849728 3957720 72807766 12637359 8804598 104057171 53826558 50230613 2397588 2027860 2090175 2491439 2782724 11789786 115846957 14205059 0.43360 0.41450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 157171583 2067772 9908525 10084436 159063444 148510987 3019602 13127143 7486149 157171583 123190560 17983715 15677585 8340873 148510987 133492814 279220 -3102717 7478757 123190560 137001480 2699431 1067198 7275295 133492814 0.06630 0.93370 0.00000 0 0 20380365 11562756 8817609 7430214 6232769 1197445 5581758 5581758 15596812 ALTERNATIVE INVESTMENTS 45258915 F EQUITY SECURITIES 9378425 F FOREIGN EQUITY SECURITIES 258926 F MUTUAL FUNDS 88862023 F POOLED FUNDS 14970154 F 158728443 ASSETS RESTRICTED TO INVESTMENT IN LAND, BUILDINGS AND EQUIPMENT 30148309 BENEFICIAL INTEREST IN TRUST 200922 DUE FROM AFFILIATED ORGANIZATIONS 6812195 37161426 LINE-OF-CREDIT 1860000 1860000 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. 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. GERMANY PROGRAM SERVICES ART PURCHASES FOR CONSERVATION AND PRESERVATION 237517 FINLAND PROGRAM SERVICES ART PURCHASES FOR CONSERVATION AND PRESERVATION 62040 DENMARK PROGRAM SERVICES ART PURCHASES FOR CONSERVATION AND PRESERVATION 106699 ENGLAND PROGRAM SERVICES ART PURCHASES FOR CONSERVATION AND PRESERVATION 24000 0 0 0 0 0 0 430256 0 430256 0 0 0 0 0 0 FALL GALA 402707 91500 311207 140648 SUMMER EVENT 918469 163266 755203 768750 2 132766 2956 129810 106026 1453942 257722 1196220 1015424 1015424 180796 X X X X 0 0 0 0 0 0 0 0 0 MELISSA ARENA CFO 117600 0 28000 0 0 0 8258 0 8011 0 161869 0 0 0 JANNE SIREN PHD MUSEUM DIRECTOR 275000 0 100000 0 6000 0 11000 0 22520 0 414520 0 0 0 JOE LIN-HILL DEPUTY DIRECTOR 134400 0 22000 0 0 0 9408 0 10741 0 176549 0 0 0 JANNE SIREN PHD MUSEUM DIRECTOR PROVIDE THE DIRECTOR WITH A PLACE OF RESIDENCE WHILE SERVING THE GALLERY X 335000 335000 0 1 1 335000 X 11 147268 FMV X FUNDRAISING SUPPLIES AND COSTS 57 257722 FMV 0 0 0 PART I, COLUMN (B): STOCK GIFTS ARE REPORTED AS THE NUMBER OF DONATIONS FORM 990, PART VI, SECTION A, LINE 2 MICHAEL AND ROBERTA JOSEPH ARE HUSBAND AND WIFE; SEYMOUR KNOX AND NORTHRUP KNOX, JR. ARE COUSINS. 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 ALBRIGHT KNOX ART GALLERY (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 HUMAN RESOURCES DEPARTMENT AND SENIOR MANAGEMENT (DIRECTOR, DEPUTY DIRECTOR, CHIEF CURATOR, CFO, COO, HEAD OF DEVELOPMENT, HEAD OF MARKETING, COMMUNICATIONS AND PUBLIC RELATIONS, FOR THEIR RESPECTIVE DEPARTMENTAL STAFF POSITIONS), IS BASED ON MID-ATLANTIC AND MIDWEST AAMD COMPENSATION TABLES. 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. ALKASW 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 1.00000 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 ALKASW INC D 6165149 TRANSACTION COSTS ALKASW INC K 125000 FAIR MARKET VALUE ALBRIGHT KNOX RESTAURANT INC D 647046 TRANSACTION COSTS