Civic Intelligence

Burchfield Penney Art Center

EIN 16-1596245 • 501(c)3 • Buffalo, NY

Profile

To operate a museum dedicated to the art and vision of charles e. Burchfield and distinguished artists of buffalo, niagara, and western new york.

1300 Elmwood AvenueBuffalo, NY 14222

www.burchfieldpenney.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.04x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

54th percentile

0.27x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

18th percentile

-10%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

7.5%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

37th percentile

1.8%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$21,926,085

Up $1,538,966 (+7.5%) from 2024

Liabilities

Down

$787,305

Down $292,002 (-27%) from 2024

Net Assets

Up

$21,138,780

Up $1,830,968 (+9.5%) from 2024

Revenue

Up

$2,930,329

Up $50,446 (+1.8%) from 2024

Expenses

Down

$3,223,846

Down $153,628 (-4.5%) from 2024

Net Income

Up

-$293,517

Up $204,074 (+41%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $8,232,795Liabilities 2011: $185,262Net Assets 2011: $8,047,5332011Assets 2012: $9,728,253Liabilities 2012: $60,943Net Assets 2012: $9,667,3102012Assets 2013: $10,522,852Liabilities 2013: $162,848Net Assets 2013: $10,360,0042013Assets 2014: $12,239,599Liabilities 2014: $252,959Net Assets 2014: $11,986,6402014Assets 2015: $12,312,977Liabilities 2015: $269,582Net Assets 2015: $12,043,3952015Assets 2016: $11,982,476Liabilities 2016: $191,128Net Assets 2016: $11,791,3482016Assets 2017: $12,938,394Liabilities 2017: $90,721Net Assets 2017: $12,847,6732017Assets 2018: $13,751,151Liabilities 2018: $216,954Net Assets 2018: $13,534,1972018Assets 2019: $14,762,660Liabilities 2019: $480,320Net Assets 2019: $14,282,3402019Assets 2021: $19,454,422Liabilities 2021: $588,223Net Assets 2021: $18,866,1992021Assets 2022: $16,998,850Liabilities 2022: $348,635Net Assets 2022: $16,650,2152022Assets 2023: $18,468,789Liabilities 2023: $587,102Net Assets 2023: $17,881,6872023Assets 2024: $20,387,119Liabilities 2024: $1,079,307Net Assets 2024: $19,307,8122024Assets 2025: $21,926,085Liabilities 2025: $787,305Net Assets 2025: $21,138,7802025

Highlighted filing

2025

Assets$21,926,085
Liabilities$787,305
Net Assets$21,138,780

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,668,279Expenses 2011: $1,553,621Net Income 2011: $114,6582011Expenses 2012: $1,516,5062012Expenses 2013: $1,587,4602013Revenue 2014: $2,025,673Expenses 2014: $1,908,468Net Income 2014: $117,2052014Revenue 2015: $1,775,732Expenses 2015: $1,978,073Net Income 2015: -$202,3412015Revenue 2016: $1,972,151Expenses 2016: $1,958,989Net Income 2016: $13,1622016Revenue 2017: $1,941,831Expenses 2017: $2,189,114Net Income 2017: -$247,2832017Revenue 2018: $1,863,916Expenses 2018: $2,019,846Net Income 2018: -$155,9302018Revenue 2019: $1,984,810Expenses 2019: $2,079,491Net Income 2019: -$94,6812019Revenue 2021: $2,294,685Expenses 2021: $1,831,034Net Income 2021: $463,6512021Revenue 2022: $2,585,674Expenses 2022: $2,441,893Net Income 2022: $143,7812022Revenue 2023: $2,649,430Expenses 2023: $2,725,207Net Income 2023: -$75,7772023Revenue 2024: $2,879,883Expenses 2024: $3,377,474Net Income 2024: -$497,5912024Revenue 2025: $2,930,329Expenses 2025: $3,223,846Net Income 2025: -$293,5172025

Highlighted filing

2025

Revenue$2,930,329
Expenses$3,223,846
Net Income-$293,517

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.9$0.79$21.1$2.93$3.22$0.29
2024Detailed filing. Detailed filing data is available for this year.$20.4$1.08$19.3$2.88$3.38$0.50
2023Detailed filing. Detailed filing data is available for this year.$18.5$0.59$17.9$2.65$2.73$0.08
2022Detailed filing. Detailed filing data is available for this year.$17.0$0.35$16.7$2.59$2.44$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$0.59$18.9$2.29$1.83$0.46
2019Summary only. Only limited summary data is available for this year.$14.8$0.48$14.3$1.98$2.08$0.09
2018Detailed filing. Detailed filing data is available for this year.$13.8$0.22$13.5$1.86$2.02$0.16
2017Detailed filing. Detailed filing data is available for this year.$12.9$0.09$12.8$1.94$2.19$0.25
2016Detailed filing. Detailed filing data is available for this year.$12.0$0.19$11.8$1.97$1.96$0.01
2015Detailed filing. Detailed filing data is available for this year.$12.3$0.27$12.0$1.78$1.98$0.20
2014Detailed filing. Detailed filing data is available for this year.$12.2$0.25$12.0$2.03$1.91$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.16$10.4$1.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.73$0.06$9.67$1.52
2011Summary only. Only limited summary data is available for this year.$8.23$0.19$8.05$1.67$1.55$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$3,102,626
Mission and Program Overview

Mission

To operate a museum dedicated to the art and vision of charles e. Burchfield and distinguished artists of buffalo, niagara, and western new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,948,214$20,799,593▲ $1,851,379
Land, Buildings, and Equipment, Net$639,800$536,395▼ $103,405
Cash and Non-Interest-Bearing Accounts$581,481$400,025▼ $181,456
Inventories for Sale or Use$80,469$85,271▲ $4,802
Accounts Receivable$92,500$61,423▼ $31,077
Prepaid Expenses and Deferred Charges$44,655$43,378▼ $1,277
Total Assets$20,387,119$21,926,085▲ $1,538,966
Liabilities
Deferred Revenue$509,954$658,107▲ $148,153
Other Liabilities$477,870$0▼ $477,870
Accounts Payable and Accrued Expenses$91,483$129,198▲ $37,715
Total Liabilities$1,079,307$787,305▼ $292,002
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,394,497$16,762,933▲ $2,368,436
Net Assets Without Donor Restrictions$4,913,315$4,375,847▼ $537,468
Total Net Assets Fund Balance$19,307,812$21,138,780▲ $1,830,968
Total Liabilities and Net Assets / Fund Balance$20,387,119$21,926,085▲ $1,538,966

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$536,395$996,038$1,532,433

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$16,340,360$40,945▲ $2,403,948$75,873$18,598,225
2023$14,615,757$82,164▲ $2,108,240$456,141$16,340,360
2022$13,340,770$66,254▲ $1,605,733$386,680$14,615,757
2021$15,669,633$93,100▼ $1,951,640$462,043$13,340,770
2020$12,328,364$313,000▲ $3,394,754$363,810$15,669,633
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott PropeackExecutive DirectorFT$180,348$36,380$216,728
Jen MerletteChief Advancement OfficerFT$115,428$12,776$128,204
David StachuraFinance ManagerFT$66,155$1,719$67,874

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
White BicycleContracting Services461 ELLICOTT ST, Buffalo, NY 14203$110,495
Revenue and Support

Revenue Composition

Contributions and Grants
$2,182,605
Program Service Revenue
$278,281
Investment Income
$254,542
Other Revenue
$214,901
All Other Contributions
$1,645,700
Change in Net Assets
$-293,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,930,329
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,451,866
Total Revenue per Audited Statements
$6,382,195
Total Revenue per Form 990
$2,930,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,869,183
Other Expenses$1,354,663
Total Fundraising Expense$648,871
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$571,712$443,038$314,458$1,329,208
Fees for Services Other$137,799$140,185$43,854$321,838
Current Officers, Directors, Trustees, and Key Employees$106,025$82,162$58,316$246,503
Other Employee Benefits$61,644$32,098$43,688$137,430
Advertising$59,959$8,000$59,599$127,558
Payroll Taxes$54,214$28,229$38,422$120,865
Depreciation Depletion-$104,109-$104,109
Fees for Service Investment Mgmnt Fees-$97,064-$97,064
All Other Expenses$42,293$27,426$17,074$86,793
Other Expenses$31,391$5,046$24,656$61,093
Insurance-$58,563-$58,563
Information Technology$168$38,081$2,014$40,263
Pension Plan Contributions$15,778$8,216$11,183$35,177
Travel$14,555$6,101$94$20,750
Fees for Services Legal-$11,699-$11,699
Occupancy$6,844$892$843$8,579
Total Functional Expenses$1,447,426$1,127,549$648,871$3,223,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,551,227
Expenses per Audited Statements$3,223,846
Total Expenses per Form 990$3,223,846
Expenses Not Reported on Form 990$1,327,381
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$194,800
Fundraising Direct Expenses$110,870
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$342,731$179,231$27,735$151,496
Total Events$358,300$194,800$110,870$83,930
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Rachel stenclik, vice-chair, and lynne finn, director, have a family relationship.

Form 990, Part VI, Section B, Line 11B

Form 990 was presented to the board of trustees for review and approval. It was approved by the board at a regular meeting.

Form 990, Part VI, Section B, Line 12C

Each year, members of the board sign a conflict of interest form.

Form 990, Part VI, Section B, Line 15

The state employees are reviewed by the state committee annually. The non-state employees are reviewed by the senior management people once a year.

Form 990, Part VI, Section C, Line 19

Available upon request; annual forms filed with the irs and nys are available online.

Filing and Contact Details

Filer

Filer Name
Burchfield Penney Art Center
EIN
16-1596245
Phone
7168786120
Address
1300 ELMWOOD AVENUE, BUFFALO, NY 14222

Signing Officer

Name
Gregory Hyatt
Title
Chairperson (current)
Phone
7168786120
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Hyatt
Formed
2001
Legal Domicile
Ny
Voting Board Members
27
Independent Board Members
27
Employees
38
Volunteers
92

Preparer

Firm
Efpr Advisory LLC
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes have taken place during the fiscal year ended june 30, 2025.

Financial Statement Notes

PART III, LINE 1A:

The center owns preserves and displays the works of artists who have had some affiliation with western new york, most notably the works and archives of charles e. Burchfield. The collection consists of approximately 9,000 works of art and various pieces are on display at the center's museum located on the campus of buffalo state university. The center does not record its collection on its statement of financial position. During the years ended june 30, 2024 and 2023, a number of contributors donated various works of art to the center. In accordance with the center's policy, these contributions are not recorded in the accompanying financial statements.

PART X, LINE 2:

The center is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The center has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The center presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the center has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the center are subject to examination by taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold (net w/ revenue) 61,427. Fundraising expenses (net w/ revenue) 110,870.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold (net w/ revenue) 61,427. Fundraising expenses (net w/ revenue) 110,870.

Raw XML AppendixShowing 400 of 798 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AdvertisingGrp/FundraisingAmt059599
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08000
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