Civic Intelligence

Buffalo Fine Arts Academy

990 • Fiscal year 2013 • EIN 16-6001555

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 14, 2013

1285 Elmwood Avenue14222
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$141,438,494

Flat from 2013

Net Assets

Flat

$136,032,910

Flat from 2013

Liabilities

Flat

$5,405,584

Flat from 2013

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$11,500,305

Flat from 2013

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2011: $135,389,092Liabilities 2011: $5,752,131Net Assets 2011: $129,636,9612011Assets 2012: $131,285,112Liabilities 2012: $7,506,383Net Assets 2012: $123,778,7292012Assets 2013: $141,438,494Liabilities 2013: $5,405,584Net Assets 2013: $136,032,9102013Assets 2013: $141,438,494Liabilities 2013: $5,405,584Net Assets 2013: $136,032,9102013Assets 2014: $151,545,402Liabilities 2014: $4,240,176Net Assets 2014: $147,305,2262014Assets 2015: $148,367,816Liabilities 2015: $4,383,503Net Assets 2015: $143,984,3132015Assets 2016: $138,463,012Liabilities 2016: $6,487,908Net Assets 2016: $131,975,1042016Assets 2017: $212,898,357Liabilities 2017: $4,900,864Net Assets 2017: $207,997,4932017Assets 2018: $222,755,938Liabilities 2018: $5,134,319Net Assets 2018: $217,621,6192018Assets 2019: $228,940,170Liabilities 2019: $5,955,129Net Assets 2019: $222,985,0412019Assets 2020: $232,992,585Liabilities 2020: $4,897,635Net Assets 2020: $228,094,9502020Assets 2021: $315,503,214Liabilities 2021: $7,759,491Net Assets 2021: $307,743,7232021Assets 2022: $293,134,468Liabilities 2022: $7,767,474Net Assets 2022: $285,366,9942022Assets 2023: $350,110,444Liabilities 2023: $8,546,706Net Assets 2023: $341,563,7382023Assets 2024: $365,917,818Liabilities 2024: $18,630,591Net Assets 2024: $347,287,2272024Assets 2025: $360,866,811Liabilities 2025: $9,162,463Net Assets 2025: $351,704,3482025

Highlighted filing

2013

Assets$141,438,494
Liabilities$5,405,584
Net Assets$136,032,910

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2011: $12,260,4242011Expenses 2012: $13,168,5392012Expenses 2013: $11,500,3052013Revenue 2013: $18,510,057Expenses 2013: $11,500,305Net Income 2013: $7,009,7522013Revenue 2014: $16,729,355Expenses 2014: $11,547,378Net Income 2014: $5,181,9772014Revenue 2015: $23,518,830Expenses 2015: $13,265,315Net Income 2015: $10,253,5152015Revenue 2016: $10,841,644Expenses 2016: $16,257,076Net Income 2016: -$5,415,4322016Revenue 2017: $83,586,865Expenses 2017: $15,479,906Net Income 2017: $68,106,9592017Revenue 2018: $21,511,046Expenses 2018: $18,644,249Net Income 2018: $2,866,7972018Revenue 2019: $19,933,908Expenses 2019: $16,048,436Net Income 2019: $3,885,4722019Revenue 2020: $16,708,425Expenses 2020: $12,699,778Net Income 2020: $4,008,6472020Revenue 2021: $64,534,922Expenses 2021: $13,126,188Net Income 2021: $51,408,7342021Revenue 2022: $30,844,940Expenses 2022: $18,377,351Net Income 2022: $12,467,5892022Revenue 2023: $64,481,892Expenses 2023: $20,052,780Net Income 2023: $44,429,1122023Revenue 2024: $19,629,613Expenses 2024: $26,986,906Net Income 2024: -$7,357,2932024Revenue 2025: $26,569,161Expenses 2025: $27,808,696Net Income 2025: -$1,239,5352025

Highlighted filing

2013

Revenue-
Expenses$11,500,305
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 14, 2013
Return Version
2012v2.1
Gross Receipts
$42,819,530
Mission and Program Overview

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 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 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 centuries.

Major Activities

Activity 2
Gallery operations-maintenance and security of the collection and various activities relating to the permanent collection
Activity 3
Educational programs and auxillary activities-include tours, workshops, art classes, lectures, concerts, films and community program
Filing and Contact Details

Filer

EIN
16-6001555
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IRS990/Form990PartVIISectionA/Title29DIRECTOR
IRS990/Form990PartVIISectionA/Title30DIRECTOR
IRS990/Form990PartVIISectionA/Title31DIRECTOR
IRS990/Form990PartVIISectionA/Title32DIRECTOR
IRS990/Form990PartVIISectionA/Title33DIRECTOR
IRS990/Form990PartVIISectionA/Title34DEPUTY DIRECTOR
IRS990/Form990PartVIISectionA/Title35CHIEF CURATOR
IRS990/Form990PartVIISectionA/Title36DIRECTOR
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FSAuditedBasis/FinancialStatementConsolidated0X
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/GainOrLoss/Securities03796205
IRS990/Gaming00
IRS990/GovernmentGrants0620000
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Securities028105678
IRS990/GrossReceipts042819530
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartV0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/Interest/Fundraising04376
IRS990/Interest/ManagementAndGeneral017505
IRS990/Interest/ProgramServices051057
IRS990/Interest/Total072938
IRS990/InventoriesForSaleOrUse/BOY0403304
IRS990/InventoriesForSaleOrUse/EOY0532894
IRS990/InvestmentIncomeCurrentYear05861012
IRS990/InvestmentIncome/ExclusionAmount02064807
IRS990/InvestmentIncomePriorYear03017432
IRS990/InvestmentIncome/TotalRevenueColumn02064807
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY0116026212
IRS990/InvestmentsOtherSecurities/EOY0125984900
IRS990/LandBldgEquipmentAccumDeprec013161319
IRS990/LandBuildingsEquipmentBasis024301240
IRS990/LandBuildingsEquipmentBasisNet/BOY011377195
IRS990/LandBuildingsEquipmentBasisNet/EOY011139921
IRS990/LessCostOthBasisSalesExpenses/Securities024309473
IRS990/LoanToOfficerOrDQP01
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0The 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 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 centuries.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY0416480
IRS990/MortNotesPyblSecuredInvestProp/EOY0171365

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$361$9.16$352$26.6$27.8$1.24
2024Summary only. Only limited summary data is available for this year.$366$18.6$347$19.6$27.0$7.36
2023Summary only. Only limited summary data is available for this year.$350$8.55$342$64.5$20.1$44.4
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$293$7.77$285$30.8$18.4$12.5
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$316$7.76$308$64.5$13.1$51.4
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$233$4.90$228$16.7$12.7$4.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$5.96$223$19.9$16.0$3.89
2018Summary only. Only limited summary data is available for this year.$223$5.13$218$21.5$18.6$2.87
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$213$4.90$208$83.6$15.5$68.1
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$138$6.49$132$10.8$16.3$5.42
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$148$4.38$144$23.5$13.3$10.3
2014Detailed filing. Detailed filing data is available for this year.$152$4.24$147$16.7$11.5$5.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$141$5.41$136$11.5
2013Summary only. Only limited summary data is available for this year.$141$5.41$136$18.5$11.5$7.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$131$7.51$124$13.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$5.75$130$12.3