Buffalo Arts Studio
- Assets
- $643.9k
- Revenue
- $419.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Buffalo, NY
- Founding
- 01/1996
- Data as of
- 06/2021
- EIN
- 16-1475736
Organization Overview
Buffalo Arts Studio is located in Buffalo, NY. The organization was established in 1996. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Buffalo Arts Studio employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Arts Studio is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Buffalo Arts Studio generated $419.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $295.6k during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE STUDIO SPACE AND REGULAR PUBLIC EXPOSURE FOR REGIONAL,NATIONAL AND INTERNATIONAL ARTISTS THROUGH EXHIBITIONS, AND TO ENRICH THE COMMUNITY WITH ART CLASSES, MURAL PROGRAMS, AND PUBLIC ART. EXHIBITIONS, PUBLIC ART AND CLASSES HELP THE STUDIO SERVE AS A CULTUTAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUFFALO ARTS STUDIO (BAS) SUBSIDIZES STUDIO SPACE FOR UNDER-REPRESENTED AND EMERGING ARTISTS. RENT AND UTILITIES ARE OUR LARGEST EXPENSE IN THE ARTISTS' STUDIO PROGRAM. BUFFALO ARTS STUDIO PRESENTS EMERGING REGIONAL, NATIONAL AND INTERNATIONAL ARTISTS IN BOTH SOLO AND GROUP EXHIBITIONS EACH YEAR. BAS STAFF SELECT ARTISTS FROM A PUBLIC CALL, INSTALL EXHIBITIONS, DEVELOP INVITATIONS AND ALL PRESS RELEASES, WRITE CATALOGS AND UNINSTALL EXHIBITS. ARTISTS ARE PROVIDED WITH SHIPPING FEES, TRAVEL FEES, AND A SMALL HONORARIUM. THE EXHIBITION PROGRAM HAS A BALANCE OF EXPENSES RANGING FROM ARTISTS COSTS, STAFFING, TO RENT AND UTILITIES. ALSO INCLUDED IS A GIFT SHOP TO FURTHER PROMOTE THE ARTISTS' WORK.
PROJECT CREATE EDUCATION PROGRAM PROVIDES PROFESSIONAL ARTS TRAINING TO LOW INCOME YOUTH, ADULTS AND EMERGING PROFESSIONAL ARTISTS. STUDENTS AND YOUNG ADULTS ARE MENTORED THROUGH COLLEGE. BAS PROVIDES INSTRUCTORS WHO ARE FOREMOST IN THEIR FIELD,INCLUDING ARTISTS, COLLEGE PROFESSORS, AND HIGH SCHOOL ART TEACHERS FROM THE REGION. COURSES RANGE FROM DRAWING, CERAMICS, PAINTING, PHOTOGRAPHY, PRINTMAKING, VIDEO MEDIA ARTS, AND PORTFOLIO DEVELOPMENT. ALL MATERIALS ARE PROVIDED THROUGHOUT THE YEAR. FULLY EQUIPPED CLASSROOMS FOR PAINTING, A CERAMIC STUDIO WITH 9 WHEELS AND KILN ROOM, 4 STATION COMPUTER LAB, CAMERAS AND LIGHT KITS ARE ALL AVAILABLE FOR STUDENTS' USAGE. THE LARGEST COSTS FOR THE EDUCATION PROGRAM ARE TEACHING FEES, STAFFING, RENT AND UTILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alma Carrillo Executive Di | Trustee | 40 | $52,642 |
Leslie Hoffman President | OfficerTrustee | 2 | $0 |
Mark Kwandrans Vice Preside | OfficerTrustee | 2 | $0 |
Elizabeth Cardarelli Secretary | OfficerTrustee | 2 | $0 |
Kristy Redding Treasurer | OfficerTrustee | 2 | $0 |
Michele Agosto Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,453 |
| Total Program Service Revenue | $113,669 |
| Investment income | $535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,642 |
| Compensation of current officers, directors, key employees. | $21,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,312 |
| Information technology | $1,521 |
| Royalties | $0 |
| Occupancy | $87,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,293 |
| Insurance | $4,986 |
| All other expenses | $4,907 |
| Total functional expenses | $295,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,767 |
| Accounts receivable, net | $5,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,291 |
| Net Land, buildings, and equipment | $95,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,941 |
| Accounts payable and accrued expenses | $28,193 |
| Grants payable | $0 |
| Deferred revenue | $8,292 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,485 |
| Net assets without donor restrictions | $565,247 |
| Net assets with donor restrictions | $42,209 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $643,941 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buffalo Arts Studio has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Frank G Raichle Foundation Buffalo, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Philadelphia Museum Of Art Philadelphia, PA | $1,255,022,756 | $116,812,968 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |