2024-05-11T11:39:23-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 237412428 INTERNATIONAL CENTER OF PHOTOGRAPHY INTE 2128570000 79 ESSEX STREET NEW YORK NY 10002 BOB JEFFREY CHIEF EXECUTIVE OFFICER 2128570000 2024-05-10 1 BOB JEFFREY 999009999 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BOB JEFFREY 79 ESSEX STREET NEW YORK NY 10002 9247836 0 X WWW.ICP.ORG X 1974 NY THE INTERNATIONAL CENTER OF PHOTOGRAPHY IS A CENTER WHERE PHOTOGRAPHS ARE COLLECTED, PROTECTED, RESEARCHED, AND EXHIBITED; A PLACE WHERE STUDENTS OF ALL AGES AND ACCOMPLISHMENTS LEARN TO MAKE IMAGES AND ARE CHALLENGED BY TECHNICAL AND AESTHETIC LESSONS. ICP PROVIDES A FORUM FOR THE EXCHANGE OF IDEAS AND FOR THE USE OF PHOTOGRAPHY AS A MEDIUM FOR REVEALING THE HUMAN CONDITION. 18 18 358 18 0 0 7972662 3743386 3327595 4018189 542287 -96676 16800 298465 11859344 7963364 457339 654479 0 0 5223158 6028786 0 0 1174941 7472150 8336308 13152647 15019573 -1293303 -7056209 65441901 59755209 15082674 15685810 50359227 44069399 X THE INTERNATIONAL CENTER OF PHOTOGRAPHY IS A MUSEUM AND SCHOOL DEDICATED TO THE UNDERSTANDING AND APPRECIATION OF PHOTOGRAPHY. ICP CREATES PROGRAMS OF THE HIGHEST QUALITY TO ADVANCE KNOWLEDGE OF THE MEDIUM. THESE INCLUDE EXHIBITIONS, COLLECTIONS, AND EDUCATION FOR THE GENERAL PUBLIC, MEMBERS, STUDENTS, AND PROFESSIONALS IN THE FIELD OF PHOTOGRAPHY. 0 0 5823790 654479 3348037 THE INTERNATIONAL CENTER OF PHOTOGRAPHY IS A MUSEUM, SCHOOL, AND COLLECTION. ICP'S EDUCATION OFFERINGS INCLUDE EXHIBITIONS, CLASSES, PUBLIC PROGRAMS, SEMINARS, AND WORKSHOPS THAT COVER ALL ASPECTS OF PHOTOGRAPHY. ITS SCHOOL OFFERS ON-SITE AND ONLINE CONTINUING EDUCATION CLASSES FOR ADULTS; HS AND HIGHER EDUCATION CLASSES; AND TWO FULL-TIME, YEAR-LONG CERTIFICATE PROGRAMS IN DOCUMENTARY AND CREATIVE PHOTOGRAPHY. THE MUSEUM PRESENTS THREE CYCLES OF INTERNATIONAL EXHIBITIONS AND ITS LIBRARY AND COLLECTION SERVE STUDENTS, FACULTY, STAFF, SCHOLARS, AND THE GENERAL PUBLIC. 4166598 297090 EXHIBITIONS - ICP'S IN-HOUSE AND TRAVELING EXHIBITIONS REFLECT THE HISTORY OF PHOTOGRAPHIC STYLES AND APPLICATIONS. IN FY 2023, ICP PRESENTED SEVERAL TEMPORARY EXHIBITIONS, AND TRAVELING EXHIBITIONS AT VENUES AROUND THE WORLD. 1365156 729743 ARCHIVES & COLLECTIONS - ICP MAINTAINS A PERMANENT COLLECTION OF APPROXIMATELY 154,000 PHOTOGRAPHIC PRINTS, 5,000 TIME BASED MEDIA AUDIO, VIDEO AND MOTION PICTURE FILMS, AND 202,000 NEGATIVES. GENERALLY, RESEARCHERS UTILIZE THE ICP PRINT STUDY ROOM FOR CONSULTED WORKS. 11355544 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 92 0 1 358 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ NY X BOB JEFFREY CHIEF EXECUTIVE OFFICE 2128570001 79 ESSEX STREET NEW YORK NY 10002 ADAM FUSS TRUSTEE 2.00 X 0 0 0 ALMUNDENA LEGORETTA VICE CHAIR 2.00 X X 0 0 0 BICKY KELLNER TRUSTEE 2.00 X 0 0 0 BOB JEFFREY VICE PRESIDENT 8.00 X X 0 0 0 CARYL S ENGLANDER CHAIR 8.00 X X 0 0 0 CINDY SHERMAN TRUSTEE (OUTGOING) 2.00 X 0 0 0 DIANE TUFT VICE PRESIDENT 2.00 X 0 0 0 FABIAN ONETTI TREASURER (OUTGOING) 4.00 X X 0 0 0 JAMES A D'AQUILA TRUSTEE (OUTGOING) 2.00 X 0 0 0 JAN W MULDER TRUSTEE 2.00 X 0 0 0 JANE CORKIN TRUSTEE 2.00 X 0 0 0 JEFFREY A ROSEN PRESIDENT & ACTING TREASURER 8.00 X X 0 0 0 JESSICA NAGLE TRUSTEE 2.00 X 0 0 0 JON FURER TRUSTEE (OUTGOING) 2.00 X 0 0 0 KATHERINE CHIA TRUSTEE 2.00 X 0 0 0 KEN NICHOLSON TRUSTEE 2.00 X 0 0 0 MICHAEL A CLINTON EXECUTIVE VICE PRESIDENT 4.00 X X 0 0 0 PAT SCHOENFELD TRUSTEE 2.00 X 0 0 0 RANDALL ROTHENBERG SECRETARY (OUTGOING) 4.00 X X 0 0 0 RENEE W HARBERS LIDDELL EXECUTIVE VICE PRESIDENT 4.00 X X 0 0 0 ROBERT FRIBOURG TRUSTEE 2.00 X 0 0 0 STEFANO TONCHI TRUSTEE 2.00 X 0 0 0 STEPHANIE H SHUMAN VICE CHAIR (OUTGOING) 4.00 X X 0 0 0 UZODINMA IWEALA TRUSTEE 2.00 X 0 0 0 DAVID LITTLE EXECUTIVE DIRECTOR 37.50 X 397534 0 13422 NICHOLAS READ ACTING CFO 30.00 X 199168 0 40666 KAREN MARSHALL FACULTY 37.50 X 114768 0 3683 KUENG-JUO HUANG CONTROLLER 37.50 X 127904 0 0 LACY AUSTIN DIRECTOR OF COMMUNITY PROGRAMS 37.50 X 125085 0 15616 PER GYLFE DIRECTOR OF EDUCATION 37.50 X 130748 0 15627 TAMA O'BRIEN COUNSEL & MANAGING DIRECTOR 37.50 X 131775 0 19276 1226982 0 108290 7 0 1 0 ELITE SERVICE GROUP 40 WEST 27TH STREET 6TH FLOOR NEW YORK NY 10001 CLEANING SERVICES 180210 BRIAN STORM MEDIA STORM LLC 26183 LOAM PRIETA WAY LOS GATOS CA 95033 FILM PRODUCTION 150000 CORE Z OPERATIONS LLC ZIEGFELD BALLROOM 1356 BROADWAY NEW YORK NY 10018 EVENT MANAGEMENT 139004 3 87086 1030234 167119 2458947 657382 3743386 TUITION AND EDUCATION FEES 611600 3348037 3348037 MUSEUM ADMISSIONS 900099 436861 436861 LICENSING 900099 233291 233291 4018189 104541 104541 23278 23278 62818 0 62818 62818 62818 840000 1041217 -201217 -201217 -201217 98943 1030234 243255 -144312 -144312 292884 0 292884 292884 LOAN FEES 900099 29973 29973 PUBLIC PROGRAMS 900099 23820 23820 TRANSPORT EXCHANGES 900099 10000 10000 4 4 63797 7963364 4374870 0 -154892 654479 654479 637836 554918 82918 4482192 3583405 329688 569099 62778 48271 6427 8080 336173 261425 35219 39529 509807 401243 54718 53846 87577 87577 50610 50610 631569 287634 336064 7871 489739 391791 97948 1233842 1161197 18936 53709 355326 284261 71065 1390195 995543 394652 79494 16767 54042 8685 583341 466673 116668 1465627 1172502 293125 TEACHER AND LECTURE FEE 1050427 1050427 BAD DEBT 429780 429780 VENUE AND FOOD 215270 215270 MISCELLANEOUS 198173 9541 15545 173087 75338 15467 14106 45765 15019573 11355544 2489088 1174941 189823 155714 3024849 832214 3708208 2186423 1476115 1470680 55810 86377 115395 111538 54944037 6127579 50675973 48816458 4257520 3194725 1794998 1855287 143210 1045793 65441901 59755209 1527980 1151102 345809 242454 12668885 12435683 540000 1371851 0 484720 15082674 15685810 X 42196176 35407016 8163051 8662383 50359227 44069399 65441901 59755209 -7056209 766381 0 X X 0 1 X 1 0 X 31565091 4716891 12123258 7972662 3743386 60121288 31565091 4716891 12123258 7972662 3743386 60121288 31937471 28183817 494154 462778 723665 193052 190637 2064286 211722 590622 364356 113902 162740 1443342 63628916 20707523 0.44290 0.48650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2018 AMOUNT: $ 99,720. 2021 AMOUNT: $ 71,363. 2022 AMOUNT: $ 98,943. MISCELLANEOUS - 2018 AMOUNT: $ 112,002. 2019 AMOUNT: $ 148,418. 2020 AMOUNT: $ 7,565. 2021 AMOUNT: $ 583. 2022 AMOUNT: $ 4. AMEX POINTS - 2019 AMOUNT: $ 442,204. TUITION WRITE OFF - 2020 AMOUNT: $ 330,906. PUBLIC PROGRAMS - 2020 AMOUNT: $ 25,885. 2021 AMOUNT: $ 21,806. 2022 AMOUNT: $ 23,820. LOAN FEES - 2021 AMOUNT: $ 12,150. 2022 AMOUNT: $ 29,973. TRANSPORATION EXCHANGE - 2021 AMOUNT: $ 8,000. 2022 AMOUNT: $ 10,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 7705992 11000 7716992 8311521 11000 616529 7705992 5784759 2526762 8311521 8854583 -507576 148210 2710458 5784759 10279107 -200000 575476 1800000 8854583 1.00000 1 0 29000000 2602564 26397436 24291387 2132811 22158576 937566 677120 260446 715084 715084 0 48816458 LEASE LIABILITIES 484720 484720 X 7809386 766381 -869749 -103368 7912754 50610 50610 7963364 14099214 0 14099214 50610 869749 920359 15019573 PART III, LINE 1A: THE CENTER'S ARCHIVES AND COLLECTION INCLUDES OVER 154,000 PRINTS BY MORE THAN 1,000 PHOTOGRAPHERS. THE CENTER ALSO MAINTAINS AN EXTENSIVE LIBRARY OF PHOTOGRAPHY BOOKS AND PUBLICATIONS. THESE RESOURCES ARE MAINTAINED FOR THE PUBLIC BENEFIT, TO BE USED IN PUBLIC EXHIBITIONS AND FOR EDUCATION AND RESEARCH ACTIVITY. IN ACCORDANCE WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THESE RESOURCES HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION, AND GIFTS OF OBJECTS FOR THE COLLECTION AND LIBRARY ARE EXCLUDED FROM THE STATEMENTS OF ACTIVITIES. PURSUANT TO THE CENTER'S POLICY AND GENERALLY ACCEPTED PRACTICE AT ART MUSEUMS, PROCEEDS FROM THE SALE OF COLLECTION OR LIBRARY OBJECTS ARE USED TO ACQUIRE OTHER COLLECTION OR LIBRARY OBJECTS. SUCH PROCEEDS, TOGETHER WITH CONTRIBUTIONS AND UNCONDITIONAL PROMISES TO GIVE FOR THE PURCHASE OF ITEMS FOR THE COLLECTION AND LIBRARY, ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL ACQUISITIONS ARE MADE. THE COST OF SUCH ACQUISITIONS IS RECORDED AS A SEPARATE PROGRAM EXPENSE. PART III, LINE 4: THE PERMANENT COLLECTION AT THE INTERNATIONAL CENTER OF PHOTOGRAPHY (ICP) CONTAINS OVER 154,000 PHOTOGRAPHS. SINCE THE OPENING OF ICP IN 1974, IMPORTANT HISTORICAL AND CONTEMPORARY IMAGES HAVE BEEN ACQUIRED THROUGH A DEDICATED ACQUISITIONS COMMITTEE AND GENEROUS DONATIONS AND BEQUESTS FROM PHOTOGRAPHERS AND COLLECTORS. THE COLLECTION SPANS THE HISTORY OF THE PHOTOGRAPHIC MEDIUM, FROM DAGUERREOTYPES TO GELATIN SILVER AND DIGITAL CHROMOGENIC PRINTS. THE COLLECTION IS OPEN BY APPOINTMENT MONDAY THROUGH FRIDAY FROM 11:00 AM TO 5:00 PM. THE COLLECTION IS ACTIVELY USED BY INDEPENDENT SCHOLARS, OUTSIDE ACADEMIC INSTITUTIONS, AND ICP'S OWN EDUCATIONAL PROGRAM THROUGH CLASS VISITS, RESEARCH AND INTERNSHIP PROJECTS. THE MUSEUM PRESENTS SELECTIONS FROM THE COLLECTION WITHIN ITS LOCAL EXHIBITIONS PROGRAM AND WITHIN TRAVELING EXHIBITIONS PRESENTED INTERNATIONALLY. FURTHER, ICP LENDS PHOTOGRAPHIC WORKS TO OTHER MUSEUMS FOR PRSEENTATION TO THE PUBLIC. PART V, LINE 4: ICP'S ENDOWMENT IS INVESTED TO PRESERVE THE INFLATION-ADJUSTED VALUE OF ITS PRINCIPAL AND TO PROVIDE TOTAL RETURN TO SUPPORT THE ORGANIZATION'S PROGRAMS. THE AMOUNT OF ENDOWMENT USED EACH YEAR (ALSO KNOWN AS THE SPENDING RATE) IS CALCULATED AT 6% OF THE ENDOWMENT'S AVERAGE BALANCE OVER THE PRECEDING 6 QUARTERS. THE ENDOWMENT USE IS BOTH FOR ACTIVITIES THAT HAVE BEEN RESTRICTED BY THE ENDOWMENT DONOR SUCH AS EDUCATION PROGRAMS, COLLECTION ACQUISITIONS, EXHIBITIONS, AND RESEARCH, AS WELL AS FOR GENERAL SUPPORT OF THE INSTITUTION'S PROGRAMS IF THE ENDOWMENT GIFT IS UNRESTRICTED BY THE DONOR. PART X, LINE 2: THE CENTER BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -654,479. INDIRECT FUNDRAISING EXPENSE NETTED IN REVENUE -215,270. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 654,479. INDIRECT FUNDRAISING EXPENSE NETTED IN REVENUE 215,270. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1855287 0 0 0 0 0 0 1855287 0 1855287 0 0 0 0 0 0 PART III ACCOUNTING METHOD: INFINITY AWARDS 960252 868507 91745 145080 43525 SPOTLIGHTS 168925 161727 7198 14650 40000 1129177 1030234 98943 159730 83525 243255 -144312 1 FULL-TIME FINANCIAL FELLOWSHIPS 45 654479 FMV TUITION REDUCTION PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED TO FULL-TIME ONE-YEAR CERTIFICATE STUDENTS WHO HAVE SUCCESSFULLY BEEN ACCEPTED INTO THE PROGRAM. THE AMOUNT OF SCHOLARSHIP FUNDS AVAILABLE VARIES EACH YEAR. IN 2023, 66 STUDENTS WERE ENROLLED AND 45 STUDENTS RECEIVED TUITION ASSISTANCE IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED BASED ON MERIT. THE SCHOLARSHIP COMMITTEE REVIEWS EACH APPLICANT'S PORTFOLIOS, REFERENCES AND ACADEMIC CREDENTIALS BEFORE DETERMINING THE AWARDS. NON-CASH ASSISTANCE IS PROVIDED TO STUDENTS IN TEEN PROGRAMS, STUDENTS WHO ASSIST FACULTY, AND EMPLOYEES. 200 STUDENTS WERE ENROLLED AND 121 OF THEM WERE ABLE TO ATTEND COURSES AT ICP THROUGH SCHOLARSHIPS. THE SCHOLARSHIPS AWARDED COVERED 50-80% OF THE CLASS FEE, DEPENDING ON NEED. SCHOLARSHIPS ARE BASED ON THE FINANCIAL NEEDS. TEACHING ASSISTANTS VOLUNTEER IN EXCHANGE FOR A TUITION REDUCTION OR LAB TIME IN THE DARKROOM OR DIGITAL MEDIA LAB. IN ORDER TO RECEIVE A 50% REDUCTION IN TUITION, STUDENTS ASSIST FACULTY OR OTHER EDUCATION STAFF FOR 40 HOURS PER TERM. EACH STUDENT IS MONITORED TO ENSURE THAT THEY ADHERE TO THE TIME REQUIREMENTS. 120 STUDENTS WORKED AS TEACHER ASSISTANTS DURING 2023. X X X 0 0 0 0 0 0 0 0 0 DAVID LITTLE EXECUTIVE DIRECTOR 395728 0 0 0 1806 0 9150 0 4272 0 410956 0 0 0 NICHOLAS READ ACTING CFO 197996 0 0 0 1172 0 1599 0 39067 0 239834 0 0 0 TAMA O'BRIEN COUNSEL & MANAGING DIRECTOR 131082 0 0 0 693 0 4021 0 15255 0 151051 0 0 0 X 4 232382 FMV X APARTMENT BLDG 1 425000 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B STAFF WORK CLOSELY WITH OUTSIDE AUDITORS TO PREPARE A DRAFT FORM 990, WHICH IS THEN REVIEWED BY THE AUDIT COMMITTEE. SUBSEQUENT TO ANY RECOMMENDATIONS BY THE AUDIT COMMITTEE, THE FINAL FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES IN ADVANCE OF THE PLANNED FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C ICP REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS CONTAINED WITHIN ICP'S CODE OF ETHICS. EACH TRUSTEE IS PROVIDED WITH A COPY, EITHER UPON ELECTION TO THE BOARD, OR AS NEEDED, SUCH AS WHEN THE POLICY IS REVISED. EACH YEAR, TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE, WHICH DETERMINES IF THE MATTER NEEDS TO BE REPORTED TO THE EXECUTIVE COMMITTEE AND, IF NECESSARY, TO THE FULL BOARD. THE AUDIT COMMITTEE IS ALSO REQUIRED TO REVIEW ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OF PROSPECTIVE TRUSTEES AND REPORT ON THE MATTER TO THE FULL BOARD BEFORE THE NOMINATION IS ACTED UPON. ALL STAFF RECEIVE A COPY OF THE CODE OF ETHICS AND ARE EXPECTED TO FAMILIARIZE THEMSELVES WITH THE POLICY AND ABIDE BY ITS MANDATES. POTENTIAL CONFLICTS THAT KEY STAFF MAY ENCOUNTER ARE MANAGED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE, WHOSE MEMBERS ARE THE BOARD'S PRESIDENT, CHAIR, AND TREASURER, WHICH RECOMMENDS AN AMOUNT TO BE APPROVED BY THE ENTIRE BOARD BEFORE IMPLEMENTATION. THE COMMITTEE REVIEWS DATA FROM ANNUAL SALARY SURVEYS SUCH AS THOSE CONDUCTED BY THE ASSOCIATION OF ART MUSEUM DIRECTORS AND THE MUSEUM ASSOCIATION OF NEW YORK, AS WELL AS COMPENSATION DATA FROM SPECIFIC MUSEUMS IN NEW YORK CITY. THE COMMITTEE ALSO REVIEWS THE OFFICER'S INTERNAL PERFORMANCE APPRAISALS, HIS COMPENSATION HISTORY, AND ANY OTHER RELEVANT INFORMATION. THE BOARD'S APPROVAL IS RECORDED IN THE MINUTES AND A MEMO AUTHORIZING THE INCREASE IS PLACED IN THE OFFICER'S PERSONNEL FILE. THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS IS ALSO BENCHMARKED TO SALARY SURVEYS AND OTHER NEW YORK CITY MUSEUMS AND ARE REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE. MEMOS AUTHORIZING ANY COMPENSATION INCREASE ARE PLACED IN THEIR PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 ICP'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.