Totals
- Total revenue
- $26,569,161
- Total expenses
- $27,808,696
- Contributions and grants received
- $7,808,269
- Grants paid
- $0
- Program service revenue
- $4,236,910
- Investment income
- $14,148,819
- Other revenue
- $375,163
- Total assets, end of year
- $360,866,811
- Total liabilities, end of year
- $9,162,463
- Net assets or fund balances, end of year
- $351,704,348
- Program services expenses (Part IX)
- $12,221,881
- Management and general expenses
- $13,276,214
- Fundraising expenses
- $2,310,601
- Program service expenses (Part III)
- $12,221,881
Program services were 43.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$212,474
-
1e · Government grants (contributions)
$1,005,000
-
1f · All other contributions, gifts and grants
$6,590,795
-
1g · Noncash contributions included above
$529,805
-
2a · Program service revenue: EDUCATION
total $1,565,835 · related or exempt $1,565,835
-
2b · Program service revenue: MEMBERSHIPS
total $1,010,430 · related or exempt $1,010,430
-
2c · Program service revenue: AUXILIARY SERVICES
total $834,667 · related or exempt $834,667
-
2d · Program service revenue: EXHIBITIONS
total $825,978 · related or exempt $825,978
-
3 · Investment income
total $1,916,919 · excluded $1,916,919
-
7a · Gross sales of assets other than inventory
securities $65,792,760
-
7b · Less cost or other basis and sales expenses
securities $53,560,860
-
7c · Gain or loss
securities $12,231,900
-
7d · Net gain or loss
total $12,231,900 · excluded $12,231,900
-
8a · Fundraising events: gross income
$1,322,761
-
8a · Fundraising events: contributions included on line 1c
$212,474
-
8b · Fundraising events: direct expenses
$947,598
-
8c · Net income from fundraising events
total $375,163 · excluded $375,163
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $724,923 · program services $235,454 · management and general $425,853 · fundraising $63,616
-
7 · Other salaries and wages
total $7,522,069 · program services $2,443,156 · management and general $4,418,813 · fundraising $660,100
-
8 · Pension plan contributions
total $447,627 · program services $145,388 · management and general $262,957 · fundraising $39,282
-
9 · Other employee benefits
total $900,220 · program services $292,390 · management and general $528,831 · fundraising $78,999
-
10 · Payroll taxes
total $607,037 · program services $197,165 · management and general $356,602 · fundraising $53,270
-
11f · Fees: investment management
total $694,290 · management and general $694,290
-
11g · Fees: other
total $739,279 · program services $335,675 · management and general $347,913 · fundraising $55,691
-
12 · Advertising and promotion
total $284,290 · management and general $262,745 · fundraising $21,545
-
13 · Office expenses
total $206,786 · program services $53,376 · management and general $53,890 · fundraising $99,520
-
14 · Information technology
total $79,847 · program services $14,258 · management and general $65,194 · fundraising $395
-
16 · Occupancy
total $593,259 · program services $46,650 · management and general $546,226 · fundraising $383
-
17 · Travel
total $457,579 · program services $209,652 · management and general $160,477 · fundraising $87,450
-
19 · Conferences, conventions and meetings
total $24,173 · program services $2,304 · management and general $20,228 · fundraising $1,641
-
20 · Interest
total $291,447 · program services $110,450 · management and general $143,767 · fundraising $37,230
-
22 · Depreciation, depletion and amortization
total $7,418,463 · program services $2,476,415 · management and general $3,925,504 · fundraising $1,016,544
-
23 · Insurance
total $233,379 · program services $781 · management and general $229,596 · fundraising $3,002
-
24a · Other expenses: ACQUISITION, PRESERVATI
total $4,264,862 · program services $4,264,862
-
24b · Other expenses: CLEANING & MAINTENANCE
total $778,448 · program services $117,613 · management and general $601,171 · fundraising $59,664
-
24c · Other expenses: TRANSPORTATION AND CRAT
total $642,471 · program services $642,471
-
24d · Other expenses: COST OF GOODS SOLD - GI
total $319,444 · program services $319,444
-
24e · All other expenses
total $578,803 · program services $314,377 · management and general $232,157 · fundraising $32,269
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,111,680 · end of year $608,515
-
3 · Pledges and grants receivable
beginning of year $7,382,457 · end of year $964,441
-
4 · Accounts receivable
beginning of year $4,062,032 · end of year $1,513,331
-
5 · Loans and receivables from officers and key people
beginning of year $335,000 · end of year $335,000
-
8 · Inventories for sale or use
beginning of year $438,452 · end of year $532,133
-
9 · Prepaid expenses and deferred charges
beginning of year $1,548,301 · end of year $784,954
-
10a · Land, buildings and equipment: cost or other basis
$196,899,226
-
10b · Land, buildings and equipment: accumulated depreciation
$23,934,864
-
10c · Land, buildings and equipment, net
beginning of year $180,093,499 · end of year $172,964,362
-
12 · Investments: other securities
beginning of year $156,511,918 · end of year $169,432,832
-
15 · Other assets
beginning of year $12,434,479 · end of year $13,731,243
-
17 · Accounts payable and accrued expenses
beginning of year $3,148,585 · end of year $1,518,133
-
19 · Deferred revenue
beginning of year $232,490 · end of year $237,494
-
23 · Secured mortgages and notes payable
beginning of year $10,249,516 · end of year $4,406,836
-
24 · Unsecured notes and loans payable
beginning of year $5,000,000 · end of year $3,000,000
-
27 · Net assets without donor restrictions
beginning of year $13,811,242 · end of year $14,093,728
-
28 · Net assets with donor restrictions
beginning of year $333,475,985 · end of year $337,610,620
Mission and programs · 2024
Mission
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.
Activities or mission (Part I)
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.
-
PURCHASE AND CONSERVATION OF WORKS OF ART- ART PURCHASED FOR THE PERMANENT COLLECTION AND RELATED CONSERVATION ACTIVITIES.
Expenses $4,284,617
-
GALLERY OPERATIONS- MAINTENANCE AND SECURITY OF THE COLLECTION AND VARIOUS ACTIVITIES RELATING TO THE PERMANENT COLLECTION.
Expenses $904,989 · Revenue $1,845,097
-
EXHIBITIONS- EXHIBITIONS OF VARIOUS ARTISTS WORKS WHICH ARE NOT USUALLY INCLUDED IN THE PERMANENT COLLECTION.
Expenses $4,718,371 · Revenue $825,978
-
EDUCATIONAL PROGRAMS AND AUXILIARY ACTIVITIES INCLUDE TOURS, WORKSHOPS, ART CLASSES, LECTURES, CONCERTS, FILMS, AND COMMUNITY PROGRAMS.
Expenses $2,313,904 · Revenue $1,565,835
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jonathan AmoiaJONATHAN AMOIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Monica AngleMONICA ANGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Susan O'Connor BairdSUSAN O'CONNOR BAIRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jennifer BalbachJENNIFER BALBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Charles W BantaCHARLES W BANTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Robert J BojdakROBERT J BOJDAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Ann BonteANN BONTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Amy CappellazzoAMY CAPPELLAZZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Helen Cappuccino MDHELEN CAPPUCCINO MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
James W DerrickJAMES W DERRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Pamela DinsmorePAMELA DINSMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Christopher J FeeneyCHRISTOPHER J FEENEY
ASST. TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Catherine B FoleyCATHERINE B FOLEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Roscoe C Henderson IIIROSCOE C HENDERSON III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Ln Hopkins MDLN HOPKINS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Peter FhuntPETER FHUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Thomas R HydeTHOMAS R HYDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Alice F JacobsALICE F JACOBS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Michael Lee JosephMICHAEL LEE JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Roberta S JosephROBERTA S JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Will Keresztes EdDWILL KERESZTES EDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Northrup R Knox JrNORTHRUP R KNOX JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Carl Gustaf EhrnroothCARL GUSTAF EHRNROOTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jody B LippesJODY B LIPPES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Francois RochonFRANCOIS ROCHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Kevin D RobinsonKEVIN D ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Christine SabudaCHRISTINE SABUDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
John R SandersonJOHN R SANDERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Adnan H Siddiqui MDADNAN H SIDDIQUI MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Harris SchwalbHARRIS SCHWALB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Rachel StenclikRACHEL STENCLIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Nicole SwiftNICOLE SWIFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Thurman ThomasTHURMAN THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Grace TateGRACE TATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jodi Johnston QuatrocheJODI JOHNSTON QUATROCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Frederick G Pierce IIFREDERICK G PIERCE II
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Janne SirenJANNE SIREN
DIRECTOR
- Total calculated
- $469,113
- From this org
- $427,154
- From related orgs
- $0
- Other
- $41,959
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $371,154
- Bonus
- $50,000
- Other
- $6,000
- Deferred
- $13,800
- Nontaxable benefits
- $28,159
- Filer's total
- $469,113
-
Jillian JonesJILLIAN JONES
DEPUTY DIRECTOR
- Total calculated
- $176,089
- From this org
- $155,000
- From related orgs
- $0
- Other
- $21,089
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $155,000
- Bonus
- $0
- Other
- $0
- Deferred
- $10,850
- Nontaxable benefits
- $10,239
- Filer's total
- $176,089
-
Melissa ArenaMELISSA ARENA
CFO
- Total calculated
- $163,999
- From this org
- $142,769
- From related orgs
- $0
- Other
- $21,230
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $142,769
- Bonus
- $0
- Other
- $0
- Deferred
- $7,354
- Nontaxable benefits
- $13,876
- Filer's total
- $163,999
-
William J RobideauWILLIAM J ROBIDEAU
DIRECTOR OF FACILITIES, PLANNING & MGMT
- Total calculated
- $145,534
- From this org
- $135,785
- From related orgs
- $0
- Other
- $9,749
- Hours/week
- 35
-
Bryan GawronskiBRYAN GAWRONSKI
DIRECTOR OF INFORMATION TECHNOLOGY
- Total calculated
- $153,026
- From this org
- $121,908
- From related orgs
- $0
- Other
- $31,118
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $121,908
- Bonus
- $0
- Other
- $0
- Deferred
- $20,939
- Nontaxable benefits
- $10,179
- Filer's total
- $153,026
-
Cathleen ChaffeeCATHLEEN CHAFFEE
CHIEF CURATOR
- Total calculated
- $146,594
- From this org
- $127,481
- From related orgs
- $0
- Other
- $19,113
- Hours/week
- 35
-
Carolyn Kirchberger InterimCAROLYN KIRCHBERGER INTERIM
DIRECTOR OF ADVANCEMENT
- Total calculated
- $123,523
- From this org
- $106,600
- From related orgs
- $0
- Other
- $16,923
- Hours/week
- 35
-
Andrea HardenANDREA HARDEN
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $118,575
- From this org
- $110,636
- From related orgs
- $0
- Other
- $7,939
- Hours/week
- 35
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(2) · HOLD TITLE TO PROPERTY. COLLECT INCOME FROM PROPERTY, AND REMIT NET · NY
Directly controlled by BUFFALO FINE ARTS ACADEMY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ALBRIGHT KNOX RESTAURANTINC
C · RESTAURANT OPERATIONS · NY · 100% owned
Directly controlled by BUFFALO FINE ARTS ACADEMY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503149349301405
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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