Civic Intelligence

Alkasw Inc Co the Buffalo Fine Arts Academy

990 • Fiscal year 2019 • EIN 20-2749189

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 13, 2019

Organization ProfileN/A
1285 Elmwood AvenueBuffalo, NY 14222

(716) 882-8700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.20x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

81.70x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Net Margin

1st percentile

-540%

Higher net margin than 1% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$161,869

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 129.5% of source-year revenue.

2019 filings • NTEE S • $5M-$10M nonprofits • Source year 2019

Asset Growth

45th percentile

0.3%

Faster asset growth than 45% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$8,491,362

Up $24,295 (+0.3%) from 2018

Net Assets

Down

-$1,721,195

Down $674,586 (-64%) from 2018

Liabilities

Up

$10,212,557

Up $698,881 (+7.3%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$125,000

Down $57,541 (-32%) from 2018

Expenses

Up

$799,586

Up $256,464 (+47%) from 2018

Net Income

Down

-$674,586

Down $314,005 (-87%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2011: $1,185,276Liabilities 2011: $1,439,980Net Assets 2011: -$254,7042011Assets 2012: $1,150,143Liabilities 2012: $1,446,265Net Assets 2012: -$296,1222012Assets 2013: $1,138,475Liabilities 2013: $1,478,140Net Assets 2013: -$339,6652013Assets 2014: $1,089,697Liabilities 2014: $1,492,191Net Assets 2014: -$402,4942014Assets 2015: $1,080,274Liabilities 2015: $1,518,105Net Assets 2015: -$437,8312015Assets 2016: $1,324,740Liabilities 2016: $1,812,405Net Assets 2016: -$487,6652016Assets 2017: $7,189,353Liabilities 2017: $7,875,381Net Assets 2017: -$686,0282017Assets 2018: $8,467,067Liabilities 2018: $9,513,676Net Assets 2018: -$1,046,6092018Assets 2019: $8,491,362Liabilities 2019: $10,212,557Net Assets 2019: -$1,721,1952019Assets 2020: $8,457,520Liabilities 2020: $10,649,944Net Assets 2020: -$2,192,4242020Assets 2021: $8,173,290Liabilities 2021: $10,949,575Net Assets 2021: -$2,776,2852021Assets 2022: $7,888,073Liabilities 2022: $11,357,788Net Assets 2022: -$3,469,7152022Assets 2023: $7,755,012Liabilities 2023: $11,863,622Net Assets 2023: -$4,108,6102023Assets 2024: $7,540,933Liabilities 2024: $12,412,613Net Assets 2024: -$4,871,6802024Assets 2025: $7,416,391Liabilities 2025: $13,035,583Net Assets 2025: -$5,619,1922025

Highlighted filing

2019

Assets$8,491,362
Liabilities$10,212,557
Net Assets-$1,721,195
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $137,3312011Revenue 2012: $99,000Expenses 2012: $140,418Net Income 2012: -$41,4182012Expenses 2013: $142,5432013Revenue 2014: $99,000Expenses 2014: $161,829Net Income 2014: -$62,8292014Revenue 2015: $99,000Expenses 2015: $134,336Net Income 2015: -$35,3362015Revenue 2016: $99,000Expenses 2016: $148,834Net Income 2016: -$49,8342016Revenue 2017: $99,000Expenses 2017: $297,363Net Income 2017: -$198,3632017Revenue 2018: $182,541Expenses 2018: $543,122Net Income 2018: -$360,5812018Revenue 2019: $125,000Expenses 2019: $799,586Net Income 2019: -$674,5862019Revenue 2020: $180,000Expenses 2020: $651,229Net Income 2020: -$471,2292020Revenue 2021: $180,000Expenses 2021: $763,861Net Income 2021: -$583,8612021Revenue 2022: $180,000Expenses 2022: $873,430Net Income 2022: -$693,4302022Revenue 2023: $279,375Expenses 2023: $918,270Net Income 2023: -$638,8952023Revenue 2024: $270,000Expenses 2024: $1,033,070Net Income 2024: -$763,0702024Revenue 2025: $270,000Expenses 2025: $1,017,512Net Income 2025: -$747,5122025

Highlighted filing

2019

Revenue$125,000
Expenses$799,586
Net Income-$674,586
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$125,000
Mission and Program Overview

Mission

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 member, the buffalo fine arts academy (bfaa), a tax-exempt organization under section 501(c)(3) of the internal revenue code.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,446,020$8,391,797▼ $54,223
Cash and Non-Interest-Bearing Accounts$1,850$99,099▲ $97,249
Prepaid Expenses and Deferred Charges$19,197$466▼ $18,731
Total Assets$8,467,067$8,491,362▲ $24,295
Liabilities
Other Liabilities$5,050,080$6,165,149▲ $1,115,069
Mortgage Notes Payable Secured by Investment Property$4,408,760$3,928,760▼ $480,000
Accounts Payable and Accrued Expenses$54,836$118,648▲ $63,812
Total Liabilities$9,513,676$10,212,557▲ $698,881
Net Assets / Fund Balance
Unrestricted Net Assets$-1,046,609$-1,721,195▼ $674,586
Total Net Assets Fund Balance$-1,046,609$-1,721,195▼ $674,586
Total Liabilities and Net Assets / Fund Balance$8,467,067$8,491,362▲ $24,295

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,100,713$465,060$8,565,773
Equipment$205,377$148,529$353,906
Land$85,707-$85,707
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
Alice F JacobsDirector
Catherine B FoleyDirector
John SandersonDirector
Melissa ArenaCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$125,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-674,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$799,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$202,280
Depreciation Depletion---$195,727
Occupancy---$60,005
Insurance---$13,186
Other Expenses---$10,654
Fees for Services Other---$9,045
All Other Expenses---$3,815
Fees for Services Accounting---$1,800
Total Functional Expenses$0$0$0$799,586
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Buffalo Fine Arts Academy$6,165,149
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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 document, 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.”

Filing and Contact Details

Filer

Filer Name
Alkasw Inc Co
EIN
20-2749189
Phone
7168828700
Address
1285 ELMWOOD AVENUE, BUFFALO, NY 14222

Signing Officer

Name
Melissa Arena
Title
CFO
Phone
7168828700
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Arena
Formed
2005
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Efpr Groupcpas Pllc
Address
6390 MAIN STREETSUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year”

Financial Statement Notes

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-know restaurant, inc., is a taxable corporation. Alkasw, inc., is also exempt under the provisions of section 501(c)(2) of the internal revenue code.”

Raw XML Appendix364 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt054836
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0118648
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TITLE 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.
IRS990/AllOtherExpensesGrp/TotalAmt03815
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MELISSA ARENA
IRS990/BooksInCareOfDetail/PhoneNum07168828700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01285 ELMOOD AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014222
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01850
IRS990/CashNonInterestBearingGrp/EOYAmt099099
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0799586
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0125000
IRS990/CYRevenuesLessExpensesAmt0-674586
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0799586
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0125000
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0195727
IRS990/Desc0COLLECTION OF RENTAL INCOME IN ORDER TO MAINTAIN WESTERN NEW YORK'S MOST PROMINENT MODERN AND CONTEMPORARY ART GALLERY, MUSEUM, CULTURAL AND EDUCATIONAL CENTER.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt01800
IRS990/FeesForServicesOtherGrp/TotalAmt09045
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt335.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt316269
IRS990/Form990PartVIISectionAGrp/PersonNm0CATHERINE B FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1ALICE F JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN SANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3MELISSA ARENA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3145600
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0125000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt013186
IRS990/InterestGrp/TotalAmt0202280
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0613589
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08446020
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08391797
IRS990/LandBldgEquipCostOrOtherBssAmt09005386
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04408760
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03928760
IRS990/NetAssetsOrFundBalancesBOYAmt0-1046609
IRS990/NetAssetsOrFundBalancesEOYAmt0-1721195
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt060005
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ART PREP CONSERVATION &
IRS990/OtherExpensesGrp/Desc1SECURITY
IRS990/OtherExpensesGrp/Desc2FACILITY REPAIRS & MAIN
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/TotalAmt0175351
IRS990/OtherExpensesGrp/TotalAmt185600
IRS990/OtherExpensesGrp/TotalAmt242123
IRS990/OtherExpensesGrp/TotalAmt310654
IRS990/OtherLiabilitiesGrp/BOYAmt05050080
IRS990/OtherLiabilitiesGrp/EOYAmt06165149
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019197
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0466
IRS990/PrincipalOfficerNm0MELISSA ARENA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0125000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0125000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0543122
IRS990/PYOtherRevenueAmt02541
IRS990/PYProgramServiceRevenueAmt0180000
IRS990/PYRevenuesLessExpensesAmt0-360581
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0543122
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0182541
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-674586
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08100713
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0465060
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08565773
IRS990ScheduleD/EquipmentGrp/BookValueAmt0205377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148529
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0353906
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt085707
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085707
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06165149
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BUFFALO FINE ARTS ACADEMY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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-KNOW RESTAURANT, INC., IS A TAXABLE CORPORATION. ALKASW, INC., IS ALSO EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08391797
IRS990ScheduleD/TotalLiabilityAmt06165149
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0145600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELISSA ARENA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0161869
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALKASW, INC HAS A BOARD OF DIRECTORS CONSISTING OF 3 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE ANNUAL MEETING OF THE ORGANIZATION'S MEMBER, CERTAIN AGENDA TOPICS ARE VOTED ON TO APPROVE THE ACTIONS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 DOCUMENT, 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BUFFALO FINE ARTS ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0166001555
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EXHIBITION OF VARIOUS ARTISTS WORKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01285 ELMWOOD AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BUFFALO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014222
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt06165149
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1125000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BUFFALO FINE ARTS ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BUFFALO FINE ARTS ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08467067
IRS990/TotalAssetsEOYAmt08491362
IRS990/TotalAssetsGrp/BOYAmt08467067
IRS990/TotalAssetsGrp/EOYAmt08491362
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0799586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09513676
IRS990/TotalLiabilitiesEOYAmt010212557
IRS990/TotalLiabilitiesGrp/BOYAmt09513676
IRS990/TotalLiabilitiesGrp/EOYAmt010212557
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1046609
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1721195
IRS990/TotalOtherCompensationAmt016269
IRS990/TotalProgramServiceRevenueAmt0125000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0125000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0125000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08467067
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08491362
IRS990/TotReportableCompRltdOrgAmt0145600
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1046609
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1721195
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01285 ELMWOOD AVENUE
IRS990/USAddress/CityNm0BUFFALO
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014222
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA ARENA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07168828700
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALKASW INC CO
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0THE BUFFALO FINE ARTS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ALKA
ReturnHeader/Filer/EIN0202749189
ReturnHeader/Filer/PhoneNum07168828700
ReturnHeader/Filer/USAddress/AddressLine1Txt01285 ELMWOOD AVENUE
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014222
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AE82551C2A183A39C7E78DFC4FD89A4E70A6975F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId039386B12B56C0661508018386AB4E9D4A41F75A5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02019-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:12:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474526160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EFPR GROUPCPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06390 MAIN STREETSUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014221
ReturnHeader/PreparerPersonGrp/PhoneNum07166340700
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A URBAN CPA
ReturnHeader/ReturnTs02019-11-13T08:13:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,491,362
Liabilities
$10,212,557
Net assets
-$1,721,195
Revenue
$125,000
Expenses
$799,586
Net income
-$674,586
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.42$13.0$5.62$0.27$1.02$0.75
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.54$12.4$4.87$0.27$1.03$0.76
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.76$11.9$4.11$0.28$0.92$0.64
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$11.4$3.47$0.18$0.87$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.17$10.9$2.78$0.18$0.76$0.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.46$10.6$2.19$0.18$0.65$0.47
2019Detailed filing. Detailed filing data is available for this year.$8.49$10.2$1.72$0.13$0.80$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.47$9.51$1.05$0.18$0.54$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.19$7.88$0.69$0.10$0.30$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$1.81$0.49$0.10$0.15$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.08$1.52$0.44$0.10$0.13$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.09$1.49$0.40$0.10$0.16$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$1.48$0.34$0.14
2012Summary only. Only limited summary data is available for this year.$1.15$1.45$0.30$0.10$0.14$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$1.44$0.25$0.14