Overview
What is Alkasw Inc Co The Buffalo Fine Arts Academy?
Alkasw Inc Co The Buffalo Fine Arts Academy serves as a title holding company, primarily supporting its sole voting member, the Buffalo Fine Arts Academy (BFAA). This tax-exempt organization, classified under Section 501(C)(2) of the Internal Revenue Code, manages a prominent modern and contemporary art gallery, museum, cultural, and educational center. The main objective of Alkasw Inc is to collect rental income from this property located in Buffalo, New York, and subsequently remit the net income to the Buffalo Fine Arts Academy. The Buffalo Fine Arts Academy, with its affiliation with Alkasw Inc, aims to promote and preserve art and culture, offering educational programs and exhibitions to the public.
Is Alkasw Inc Co The Buffalo Fine Arts Academy legitimate?
Alkasw Inc Co The Buffalo Fine Arts Academy is a legitimate nonprofit organization registered as a 501(c)(2) entity. Alkasw Inc Co The 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Alkasw Inc Co The Buffalo Fine Arts Academy?
Alkasw Inc Co, acting as a title-holding company, supports its sole voting member, the Buffalo Fine Arts Academy (BFAA), a tax-exempt organization under Section 501(C)(2) of the Internal Revenue Code. The corporation's primary purpose is to manage certain property in Buffalo, New York, collect income from this property, and subsequently distribute the net income to BFAA, which is a tax-exempt organization under Section 501(C)(3) of the Internal Revenue Code. The collected income is utilized to maintain Western New York's most prominent modern and contemporary art gallery, museum, cultural, and educational center, operated by the Buffalo Fine Arts Academy.
Who is the CEO of Alkasw Inc Co The Buffalo Fine Arts Academy?
Melissa Arena Cpa is the Director of Alkasw Inc Co The Buffalo Fine Arts Academy.
What is the revenue of Alkasw Inc Co The Buffalo Fine Arts Academy?
Alkasw Inc Co The Buffalo Fine Arts Academy's revenue in 2023 was $279,375.
Who are the executives of Alkasw Inc Co The Buffalo Fine Arts Academy and what are their salaries?
Here are 4 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: $141,521
- Other: $22,712
Where can I find the form 990 for Alkasw Inc Co The Buffalo Fine Arts Academy?
Alkasw Inc Co The Buffalo Fine Arts Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Alkasw Inc Co The Buffalo Fine Arts Academy
Alkasw Inc Co The Buffalo Fine Arts Academy, as a title-holding company, has a sole mission to support its voting member, the Buffalo Fine Arts Academy (BFAA), a tax-exempt organization under Section 501(C)(3) of the Internal Revenue Code. The company's primary purpose is to maintain financial stability for BFAA by collecting rental income from certain properties and subsequently remitting the net income back to the organization. This financial support enables BFAA to uphold its role as Western New York's prominent modern and contemporary art gallery, museum, cultural, and educational center. By providing a stable financial foundation, Alkasw Inc Co The Buffalo Fine Arts Academy contributes significantly to the preservation and promotion of artistic and cultural experiences within the community.
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
Alkasw Inc Co The Buffalo Fine Arts Academy plays a vital role in maintaining the cultural landscape of Western New York by supporting one of the region's foremost modern and contemporary art galleries and cultural institutions. By effectively managing and holding title to key properties, the organization ensures a steady flow of rental income that is crucial for the preservation and operation of the Buffalo Fine Arts Academy (BFAA).
This arrangement not only secures the financial health of the BFAA but also enhances the community through access to a diverse array of artistic exhibitions and educational programs. The impact extends beyond the gallery walls, fostering community engagement and appreciation for the arts, thereby enriching the cultural fabric of Buffalo and its surroundings. Through its activities, Alkasw Inc Co contributes to the overall improvement of the community, creating a space where art, education, and culture thrive, ultimately supporting a vibrant public realm that benefits everyone.
This information is meant to be a general summary of Alkasw Inc Co The 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.
- Program Service Revenue: $279,375
- Gross Receipts: $279,375
Assets and Liabilities:
- Total Assets: $7,755,012
- Total Liabilities: $11,863,622
- Net Assets: -$4,108,610
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.
RENTAL INCOME
Revenue
$279,375
Organization Details
Founding Year
2005
Phone
(716) 882-8700Principal Officer
Melissa Arena Cpa
Main Address
1285 ELMWOOD AVENUE, BUFFALO, NY, 14222
NTEE Category
Code: S47 - Community improvement
If you are a representative of Alkasw Inc Co The 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.