Overview
What is Buffalo Fine Arts Academy?
The Buffalo Fine Arts Academy, established in 1862, is a nonprofit organization based in Buffalo, New York, with the US address at 1285 Elmwood Avenue, ZIP code 14222. Its primary mission is to foster and promote art in all its branches, making it the parent organization of the Buffalo AKG Art Museum, a prominent art museum in the country and a significant cultural and educational center in Western New York. The Academy is dedicated to both the local community and a wider art audience through an active program of collecting, educating, exhibiting, and interpreting art works, with a focus on the creative accomplishments of the 20th and 21st centuries. The organization currently employs 112 individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Buffalo Fine Arts Academy has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency. With a perfect score for accountability and finance, the organization demonstrates robust governance practices, including a fully independent board and comprehensive oversight mechanisms. Their commitment to transparency is further shown through their published financial statements and adherence to policies such as conflict of interest and whistleblower protections.
In terms of financial health, the organization shows a favorable liabilities to assets ratio and high fundraising efficiency, suggesting effective use of resources and a strong financial foundation. The program expense ratio, at 61.12%, indicates a significant portion of their budget is directed towards their core mission, although there is room for improvement in maximizing program expenses relative to total expenses.
Overall, the Buffalo Fine Arts Academy exemplifies strong management and financial practices, fostering confidence among donors and stakeholders. While their financial metrics are impressive, continuous improvement in program expense efficiency could enhance their impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo Fine Arts Academy legitimate?
Buffalo Fine Arts Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Fine Arts Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,284,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,705,297
For more financial information, click here
What is the mission statement of Buffalo Fine Arts Academy?
The Buffalo Fine Arts Academy, established in 1862, is an organization dedicated to the promotion, cultivation, and fostering of art in all its branches. It serves as the parent organization of the Buffalo AKG Art Museum, one of the most prominent art museums in the country. The Academy is a significant cultural and educational center in Western New York, committed to both the local community and a wider art audience. Through a recognized and active program, it collects, educates, exhibits, and interprets art works, with a particular emphasis on the creative accomplishments of the 20th and 21st centuries.
Who is the CEO of Buffalo Fine Arts Academy?
Janne Siren Phd is the Museum Director of Buffalo Fine Arts Academy.
What is the revenue of Buffalo Fine Arts Academy?
Buffalo Fine Arts Academy's revenue in 2023 was $64,481,892.
Who are the executives of Buffalo Fine Arts Academy and what are their salaries?
The average compensation at Buffalo Fine Arts Academy during 2023 was $53,476. There are 112 employees and 200 volunteers at Buffalo Fine Arts Academy.
Here are 45 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $141,521
- Related: $0
- Other: $22,712
- Compensation: $468,609
- Related: $0
- Other: $39,257
- Compensation: $159,957
- Related: $0
- Other: $26,097
- Compensation: $148,889
- Related: $0
- Other: $10,930
- Compensation: $126,540
- Related: $0
- Other: $17,852
- Compensation: $122,499
- Related: $0
- Other: $24,636
- Compensation: $116,047
- Related: $0
- Other: $8,496
Where can I find the form 990 for Buffalo Fine Arts Academy?
Buffalo Fine Arts Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Buffalo Fine Arts Academy
The Buffalo Fine Arts Academy, founded in 1862, is a pioneering organization dedicated to nurturing and advancing art in all its forms. Acting as the parent body of the esteemed Buffalo AKG Art Museum, this Academy is a significant cultural and educational hub in Western New York.
In its mission to promote, cultivate, and foster art, the Buffalo Fine Arts Academy maintains a robust program of collecting, educating, exhibiting, and interpreting artworks. With a particular emphasis on the creative achievements of the 20th and 21st centuries, the Academy attracts local and national audiences, making art accessible to a broad community.
The Academy's impact extends beyond its walls, as it functions as the parent organization of the Buffalo AKG Art Museum, one of the country's most prominent art institutions. Through its recognized and active program, the Buffalo Fine Arts Academy is dedicated to engaging, educating, and inspiring the public, ensuring that art remains an integral part of everyday life.
By serving both the local community and a wider art audience, the Buffalo Fine Arts Academy fosters a rich cultural landscape that celebrates the artistic accomplishments of the past and present. Through its collaborative initiatives, the Academy continues to shape the artistic landscape, making it a vital force in the world of art.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Buffalo Fine Arts Academy plays a vital role in promoting and nurturing the arts within Western New York and beyond. Established in 1862, it has become a cornerstone of cultural enrichment, primarily through its parent organization, the Buffalo AKG Art Museum. This museum is recognized as one of the nation’s leading art institutions, offering an extensive program of collecting, educating, exhibiting, and interpreting artworks, particularly those significant to the 20th and 21st centuries.
The organization’s impact extends beyond the realm of visual arts; it serves as an important educational center, fostering a deeper understanding and appreciation of art among diverse audiences. By acquiring and conserving significant works of art, it ensures that both the local community and visitors from afar have access to an astoundingly rich collection that reflects the evolving landscape of artistic expression.
Furthermore, the Buffalo Fine Arts Academy's commitment to cultural engagement enriches the community’s artistic landscape, providing a platform for artists and art lovers to connect, learn, and grow together. Its emphasis on serving both the immediate community and a broader art audience illustrates its pivotal role in sustaining and enhancing the cultural vitality of the region.
This information is meant to be a general summary of Buffalo Fine Arts Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,503,683
- Program Service Revenue: $803,958
- Gross Receipts: $127,441,513
Assets and Liabilities:
- Total Assets: $350,110,444
- Total Liabilities: $8,546,706
- Net Assets: $341,563,738
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$591,952
EDUCATION
Revenue
$115,441
AUXILIARY SERVICES
Revenue
$76,565
EXHIBITIONS
Revenue
$20,000
Organization Details
Founding Year
1862
Phone
(716) 882-8700Principal Officer
Janne Siren Phd
Main Address
1285 ELMWOOD AVENUE, BUFFALO, NY, 14222
NTEE Category
Code: A510 - Arts
If you are a representative of Buffalo Fine Arts Academy and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.