2021-05-13T10:51:42-07:00 2020-06-30 990 2019-07-01 131624012 The Frick Collection FRIC 2122880700 1 East 70th Street New York NY 10021 Michael J Paccione CFO & Asst Treasurer 2021-05-13 2019 2022-09-23 18:48:47Z Ian Wardropper 1 East 70th Street New York NY 10021 102244775 false X www.frick.org X 1920 NY The Frick Collection (the "Collection") operates an internationally recognized art museum and library program for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. 20 20 370 33 0 27364024 55342022 4198157 2746206 22703991 14036306 564075 291414 54830247 72415948 79000 34000 0 20853795 22635220 90000 70000 4651365 20849518 20645786 41872313 43385006 12957934 29030942 430938400 460985969 29380753 41537179 401557647 419448790 X The Frick Collection (the "Collection") operates an internationally recognized art museum and library program for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. false false 15842287 2904832 Museum Program: The Collection maintains and conserves over 1,100 works of art as part of its permanent art collection and the historic interiors of the Gilded Age mansion that houses them. The permanent art collection is made accessible to the public through exhibitions, research, and publications, as well as an array of education programs that seek to deepen the public's knowledge and appreciation for works of art in the permanent collection and art generally. Museum attendance during the 2019 tax year was approximately 170,000 visitors. The museum closed to the public on Thursday, March 12, 2020 in support of New York Citys effort to contain Covid-19. See Schedule O for a description of the special exhibitions and other public education programs offered during the year. 10502393 34000 Library Program: In addition to serving the curatorial and other research staff of the Collection, the Frick Art Reference Library serves members of general public with an interest in art, including students, scholars, art professionals, and collectors. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the fourth to the mid-twentieth centuries by European and American artists. Archival materials and special collections augment the research collections with documents pertaining to the history of collecting art and of Henry Clay Frick's collecting in particular. During the 2019 tax year, the library served 4,395 visitors, responded to 957 email inquiries and answered 3,424 on-site research questions. See Schedule O for additional information. 26344680 true true false false false false false true false true true true false false true true true false false false true false false true true false false false true true false false false false false false false false true false false false false false false false false true 89 0 true 370 true false false false false false true true false 0 false false false false false false false X 20 20 false false true false false false false true true false false false true true true true true true true false CT MA NJ NY X X Michael J Paccione 2122880700 1 East 70th Street New York NY 10021 X Ian Wardropper Director & CEO 35.00 0.00 X 828140 0 44174 Katharine Chapman Deputy Director External Affairs 35.00 0.00 293879 0 44174 Alison Lonshein GC & Asst. Sec 35.00 0.00 X 277945 0 33193 Joseph Shatoff Deputy Director & COO 35.00 0.00 265740 0 44174 Michael Paccione CFO & AST. Trea 35.00 0.00 X 283374 0 25800 Xavier Salomon Peter Jay Sharp Chief Curator 35.00 0.00 238081 0 33193 Dennis Sweeney Head of Operations 35.00 0.00 189673 0 41040 Stephen Bury A.W. Mellon Chief Librarian 35.00 0.00 189701 0 30677 Carolyn Straub Ass. Dir. Cap Proj 35.00 0.00 174279 0 39937 Dana Winfield Chief HR Officer 35.00 0.00 175966 0 31160 Karaugh Brown Ass. Dir. Ind. Giv 35.00 0.00 152437 0 38538 Heidi Rosenau Ass. Dir. Com&Mktg 35.00 0.00 149808 0 27216 Deborah Kempe Chf.Coll.Man&Acces 35.00 0.00 144437 0 25635 Stephen A Schwarzman Trustee 1.00 0.00 X 0 0 0 Charles Royce Trustee 1.00 0.00 X 0 0 0 Margot Bogert Trustee 1.00 0.00 X 0 0 0 Melinda Martin Sullivan Trustee 1.00 0.00 X 0 0 0 Peter P Blanchard III Trustee 1.00 0.00 X 0 0 0 Juan Sabater Trustee & Treas 1.00 0.00 X X 0 0 0 James S Reibel Trustee 1.00 0.00 X 0 0 0 Emily T Frick Trustee 2.00 0.00 X 0 0 0 J Fife Symington IV Trustee 1.00 0.00 X 0 0 0 Elizabeth M Eveillard Trustee & Chair 1.00 0.00 X X 0 0 0 R Bradford Evans Trustee 3.00 0.00 X 0 0 0 Sidney R Knafel Trustee 1.00 0.00 X 0 0 0 Aso Tavitian Trustee&V.Chair 1.00 0.00 X X 0 0 0 Barbara G Fleischman Trustee 1.00 0.00 X 0 0 0 Bernard Selz Trustee 1.00 0.00 X 0 0 0 Ayesha Bulchandani Trustee 1.00 0.00 X 0 0 0 MHorvitz VChair 620 Trustee& Sectry 1.00 0.00 X X 0 0 0 Christian Keesee Trustee 1.00 0.00 X 0 0 0 Victoria Lea Smith Trustee 1.00 0.00 X 0 0 0 Tai-Heng Cheng Trustee 1.00 0.00 X 0 0 0 KFeldstein Sectry 620 Trustee 1.00 0.00 X 0 0 0 Sharese Bullock-Bailey Trustee 1.00 0.00 X 0 0 0 3363460 458911 36 false true false Beyer Blinder Belle 120 Broadway 20th Floor New York NY 10271 Architect 4079892 Selldorf Architects 860 Broadway New York NY 10003 Architect 1374198 Kramer Levin Naftalis & Frankel 1177 Avenue of the Americas New York NY 10036 Legal 890592 Sciame Construction LLC 14 Wall Street 2nd Floor New York NY 10005 Construction Management 772088 Cambridge Associates LLC 100 Summer Street Boston MA 02110 Endowment Consulting 710641 25 1684383 1456492 52201147 2272177 55342022 Admissions 712110 2112305 2112305 Concert Ticket Sales 711130 45080 45080 Educational Programs 611600 65170 65170 Membership Dues 611600 523651 523651 2746206 2500896 2500896 0 1067 1067 0 40824343 29288933 11535410 11535410 11535410 106650 1456492 304012 -197362 -197362 0 659968 235882 424086 424086 Employee Cafeteria 722514 63623 63623 63623 72415948 3234982 13838944 0 34000 34000 0 0 2381826 493496 1397309 491021 0 14166663 5574691 7436079 1155893 1458618 534863 778593 145162 3381568 2092213 890598 398757 1246545 457097 665391 124057 0 189563 120443 46165 22955 123061 78214 29940 14907 0 70000 70000 1751308 1751308 0 237065 237065 345038 101749 234945 8344 423233 8625 359350 55258 0 764120 764120 196786 97089 95733 3964 0 176627 75984 45856 54787 0 0 1706901 759571 913192 34138 281170 281170 FAS158 non-operating cost 9061022 5757125 2206642 1097255 Exhibit & Conservation costs 2595096 2595096 Equipment rental & maintenance 980477 198604 781873 Membership costs 442247 70711 42236 329300 1372072 7295109 -6568604 645567 43385006 26344680 12388961 4651365 0 38761002 42534396 25053223 54263281 0 0 0 0 814171 545679 0 88627080 39290665 39835146 49336415 132008153 120280557 192047190 188562759 0 0 2419515 5462882 430938400 460985969 4040809 3852145 25339944 37685034 29380753 41537179 X 265192900 238008454 136364747 181440336 401557647 419448790 430938400 460985969 X 29030942 -10635260 -504539 X false true X true false X 16464017 17145591 17059182 27376630 25282841 103328261 0 0 16464017 17145591 17059182 27376630 25282841 103328261 46437777 56890484 4241733 2808211 3328123 3677601 2501963 16557631 0 69854 62018 70920 70842 63623 337257 120223149 9886913 0.47320 0.62480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 330113789 794420 2904649 18660304 1515260 313637294 339469517 815057 12463643 24349522 1715088 330113789 331456557 829695 30648599 21506445 1958889 339469517 301317251 772071 44927863 12303673 3256955 331456557 320453593 830389 -6902304 11078643 1985784 301317251 0.82830 0.12580 0.04590 false false false 776088 776088 5662166 5662166 63772679 18378686 45393993 13407639 10851024 2556615 5008508 4398789 609719 49336415 188562759 Accrued pension benefits 17864193 Accrued postretirement welfare benefits 9476441 Loan payable 10344400 37685034 X 60530296 -10635260 -10635260 71165556 1515260 -264868 1250392 72415948 42134614 42134614 1515260 -264868 1250392 43385006 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o In accordance with elections made under Statement of Financial Accounting Standard No. 116 (SFAS 116), the Collection does not include either the cost or the value of its collections on its statement of financial position, nor does it recognize gifts of collection items as revenues in its statement of activities. Collection items are considered works of art, historical treasures, general research collections, and similar assets held for public exhibition, education, or research in furtherance of public service rather than financial gain. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Frick Collection was established by Pittsburgh industrialist Henry Clay Frick, who, upon his death in 1919, bequeathed his New York residence (since designated a National Historic Landmark) and remarkable collection of European paintings, sculpture and decorative arts for the enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. The Frick Art Reference Library of the Collection was established in 1920 by Frick's daughter, Helen Clay Frick. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the 4th to the mid-20th centuries by European and American artists, and its archival materials and special collections augment the research collections with documents pertaining to the history of collecting art and of Frick's collecting in particular. The Collection's mission is to preserve and display for the public Frick's art collection in a domestic setting and to augment the Collection's art holdings; to provide access, understanding and enjoyment of the art collection to the public through special exhibitions, publications, public education programs, and research; to offer the visiting public an engaging view of life in the Gilded Age; and to serve as a center for research and to stimulate scholarship in the history of art. Part V, Line 4: Intended uses of the endowment fund. The aggregate endowment funds of The Frick Collection are the foundation of the institution. The endowments ensure the Frick's continued vitality by providing a consistent flow of funds that support all programatic, facility and related administrative costs of the organization. Part X : FIN48 Footnote The Collection recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the Collection has no uncertain tax positions that would require financial statement disclosure. The Collection is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2015. Europe 0 0 Attend/speak @ conference 15000 Cntrl Amer.& Caribbean 0 0 Investment 65093001 Europe 0 0 Program Services Research/ Exhibitions 63200 65171201 65171201 true false true false true false Part I, Line 3f - Method of Accounting Expenditures are accounted for on a U.S. dollar basis. Part I, Line 3f - Investments and Expenditures The Collection has investments in funds that maintain headquarters located in the Caribbean and Central America. X X X X X X true CCS PO Box 824885 Phila PA 19182 Campgn Planning false 47292788 70000 47222788 47292788 70000 47222788 NY CT MA NJ Autumn Dinner 1439309 1350259 89050 80922 122670 Young Fellow's Winter Ball 123833 106233 17600 44276 56144 1563142 1456492 106650 125198 178814 304012 -197362 true 0 0 Research fellowships in the History of Collecting 2 34000 Grantmaker's Description of How Grants are Used Research Fellowships in the History of Collecting: The Collection makes grants to individuals undertaking scholarly research into the history of collecting art. Graduate students and post-doctoral scholars in the fields of cultural and art history are eligible for the grants. Fellowships are awarded on the basis of the proposed project's contribution to the study of the history of art collecting, with preference being given to interdisciplinary research subjects and those projects that relate to the special collections and archival materials of the Frick Art Reference Library of the Collection. In order to ensure that the fellowship grants are awarded for their intended purpose, each candidate is required to submit an application consisting of (i) a cover letter briefly stating the purpose of the research planned and indicating how a fellowship would be beneficial; (ii) a completed application form; (iii) a detailed project proposal describing the research project and its objectives, situating the project within the context of existing scholarship, and explaining how the project would benefit from a fellowship at the Collection; and (iv) a curriculum vitae. During the fellowship period, a fellowship recipient is expected to be in residence at the Collection's library. At the end of the fellowship period, each fellowship recipient is required to offer a brief oral presentation at a "Fellows' ForumX and to submit a written progress report describing the fellow's accomplishments with respect to the project during the fellowship period. Fellowship recipients additionally are required to submit an expenditure report detailing how the fellowship funds were expended. X X true true X X X X X X true false false false false false false false false Alison Lonshein GC & Asst. Sec 277945 25800 7393 311138 Carolyn Straub Ass. Dir. Cap Proj 174279 20913 19024 214216 Dana Winfield Chief HR Officer 175966 19236 11924 207126 Deborah Kempe Chf.Coll.Man&Acces 144437 17332 8303 170072 Dennis Sweeney Head of Operations 189673 22761 18279 230713 Heidi Rosenau Ass. Dir. Com&Mktg 149808 17977 9239 177024 Ian Wardropper Director & CEO 657140 171000 25800 18374 872314 Joseph Shatoff Deputy Director & COO 265740 25800 18374 309914 Karaugh Brown Ass. Dir. Ind. Giv 152437 18292 20246 190975 Katharine Chapman Deputy Director External Affairs 293879 25800 18374 338053 Michael Paccione CFO & AST. Trea 283374 25800 309174 Stephen Bury A.W. Mellon Chief Librarian 189701 22764 7913 220378 Xavier Salomon Peter Jay Sharp Chief Curator 238081 25800 7393 271274 Part I, Line 1a: Relevant information in regards to selections on 1a. Pursuant to a written employment agreement with the Director and Chief Executive Officer (the "Director"), the Collection provided a housing allowance. The housing allowance was part of the Directors compensation, as reviewed and approved by the Board of Trustees, and the value of this benefit was treated as taxable compensation. In addition, travel expenses for the Director's spouse are reimbursed when such travel is determined to be for a bona fide business purpose. X X 29 2272177 STOCKMKT QUOTE Photoarchives 2 false true false Part I, Line 33, Revenues Not Reported The museum did not capitalize its collections of works of art, as allowed under Financial Accounting Standards Board Accounting Standards Codification 958-360-25 (ASC 958-360-25) (formerly SFAS 116). Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents The Collections Bylaws were amended as of June 4, 2020, to include the following changes (among other insignificant changes): (1) clarification that the Director and Chief Executive Officer has the authority to sign all contracts on behalf of the Collection; and (2) modification that the Executive Committee shall consist of the Chair, the Vice Chair, the Treasurer, and the Secretary, and such other Trustees as are recommended by the Chair and elected by the Board of Trustees instead of one other Trustee. The charter of the Executive Committee specifies that in addition to the officers who serve on the committee ex officio, not more than two and not less than one other Trustees are elected to the Executive Committee. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Trustees has delegated to the Audit Committee responsibility for oversight of the preparation and filing of the Form 990. The Audit Committee accordingly meets for the purpose of reviewing and commenting on a draft version of the Form 990 prior to filing. After the Form 990 is approved by the Audit Committee, a copy of the final return (without Schedule B, which is redacted to maintain donor anonymity) is made available to each member of the Board of Trustees before it is filed. The Form 990 additionally is reviewed by management prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Collections conflict of interest policy covers each member of the Board of Trustees, officer, key employee, other key person, and member of any committee of the Board of Trustees of the Collection (collectively "covered persons"). Each covered person makes annual written disclosures regarding entities known to do business with the Collection and in which the covered person or a family member of the covered has a financial, ownership, personal, professional or organizational interest or affiliation. The completed disclosure statements are reviewed by the Collection's General Counsel and the chair of the Audit Committee. The policy additionally requires covered persons to disclose potential conflicts of interest as they arise, or become known to the covered person, to the Chair of the Board, if the transaction will be considered for approval by the Board of Trustees, or, if the matter will come before a Committee of the Board, the relevant committee chair. The Chair or relevant committee chair reports the potential conflict to the chair of the Audit Committee and the General Counsel for evaluation and determination of whether an actual conflict of interest exists. Members of the Audit Committee may be consulted in making the determination, and, in any case, all disclosures and resulting determinations are reported to the Audit Committee. If it is determined that an actual conflict of interest exists, the Board of Trustees or committee, as applicable, is notified. If a covered person discloses a potential conflict of interest at a meeting during which the Board or committee is expected to take action on the matter, an actual conflict of interest is presumed under the policy. A transaction involving a conflict of interest for a covered person must be approved by only those Trustees or committee members who do not have a conflict with respect to the transaction. The covered person may not vote on the transaction or be present or participate in deliberations on the transaction, except that the covered person may present information concerning the transaction if so requested by the Board or relevant committee. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Compensation Committee of the Board of Trustees recommends the compensation of the Director and Chief Executive Officer (the "Director") to the full Board of Trustees for its review and approval. The Compensation Committee also is responsible for setting the compensation of the other officers and key employees (who are compensated in their capacity as employees and not as officers) and other key employees based on the recommendations of the Director. The positions for which this procedure is followed are the the Chief Financial Officer and Assistant Treasurer; the General Counsel and Assistant Secretary; Deputy Director and Chief Operating Officer; the Chief Curator; the Deputy Director for External Affairs; Chief Human Resources Officer; and the Chief Librarian. In determining the reasonableness of compensation paid to each of the forgoing individuals, the Compensation Committee, and the Board of Trustees in the case of the Director, reviews comparability data available for peer organizations, including Forms 990 and published compensation surveys. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Collection was incorporated by act of the New York State legislature, and its charter therefore is a public document. The charter also has been published by the Collection. A copy of the Collection's audited financial statements may be obtained by written request to the Collection. Portions of the audited financial statements, such as the statement of financial position and the statement of activities, are reproduced in the Collection's Annual Report, which is available on the Collection's website. The Collections bylaws and conflicts of interest policy are not generally available to the public. Other Changes In Net Assets Or Fund Balances - Other Decreases Museum Acquisitions = -$205965 Other Changes In Net Assets Or Fund Balances - Other Decreases Write Off = -$298574 Form 990, Part III, Line 4A- Program Service Accomplishments Museum Program (continued)Special Exhibitions: Henry Arnholds Meissen Palace: Celebrating a Collector November 7, 2019 to March 11, 2020 Visitors: 65,526 (during the period of July 1, 2019 to June 30, 2020) Manet: Three Paintings from the Norton Simon Museum October 16, 2019 to January 5, 2020 Visitors: 59,117 (during the period of July 1, 2019 to June 30, 2020) Bertoldo di Giovanni: The Renaissance of Sculpture in Medici Florence September 18, 2019 to January 12, 2020 Visitors: 47,510 (during the period of July 1, 2019 to June 30, 2020 Elective Affinities: Edmund de Waal at The Frick Collection May 30, 2019 to November 17, 2019 Visitors: 104,277 (during the period of July 1, 2019 to June 30, 2020) Whistler as Printmaker: Highlights from the Gertrude Kosovsky Collection April 30, 2019 to September 1, 2019 Visitors: 44,488 (during the period of July 1, 2019 to June 30, 2020) Tiepolo in Milan: The Lost Frescoes of Palazzo Archinto April 16, 2019 to July 14, 2019 Visitors:4,900 (during the period of July 1, 2019 to June 30, 2020) Education Programs: The Collection organized a total of 440 public education programs during the 2019 tax year that served approximately 8,686 individuals. Onsite programs held prior to the museums closure in March 2020 due to COVID-19 public health crisis included guided visits, after school programs, and courses for middle school, high school, and graduate students. And, for the general public, gallery conversations and dialogues, sketching and seminars and talks in the galleries, as well as lectures and panels and salon evenings featuring dance and music. The Fricks free nights known as First Fridays continued to serve broad audiences with extended hours and programs including sketching, music, and talks, in addition to special evenings specifically for college and teen audiences. After the museum closed to the public, the Education Department pivoted to online programming using realtime videoconferencing, with an emphasis on serving students engaged in both remote and hybrid learning. Online versions of the popular gallery conversations and drawing programs were also developed to serve the general public, alongside new online videos produced by curators in response to the pandemic, which gained an enormous following garnering more than 1 million views on YouTube during the 2019 tax year.Art History Lecture Series: 10 scholarly lectures presented to the public by curatorial staff of the Collection and guest speakers. The Frick Collection, FY20 Symposia: October 23, 2019Entering the Art Market: Collectors and Their PassionsNanne Dekking, Founder and CEO of Artory and Chairman of TEFAF, in conversation with collectors Bernard Lumpkin and Ann TenenbaumPresented by the Center for the History of Collecting, Frick Art Reference LibraryNovember 15 & 16, 2019Competing Truths: Art and the Objects of History after the Council of TrentPresented in collaboration with the Italian Academy of Columbia UniversityJanuary 28, 2020Goncourt Brothers and the Taste for the Eighteenth CenturyOlivier Berggruen, independent curator and art historian, and Yuriko Jackall, Curator of French Paintings, The Wallace CollectionPresented by the Center for the History of Collecting, Frick Art Reference LibraryPublications:Bertoldo di Giovanni: The Renaissance of Sculpture in Medici Florence, by Aimee Ng, Alexander J. Noelle, and Xavier F. Salomon, with contributions by Peter Jonathan Bell, Lorenz Bninger, Francesco Caglioti, Stefano Casciu, Ilaria Ciseri, Maria Grazia Cordua, Julia Day, James David Draper, Caroline Elam, Scott Nethersole, Neville Rowley, and Peter Stiberc; The Frick Collection in association with D Giles Limited, 2019Elective Affinities: Edmund de Waal at The Frick Collection, by Edmund de Waal and Charlotte Vignon; The Frick Collection, 2019Henry Arnholds Meissen Palace: Celebrating a Collector, by Charlotte Vignon with Julia Arnhold and Paul Arnhold; The Frick Collection, 2019Manet: Three Paintings from the Norton Simon Museum, by David Pullins; The Frick Collection, 2019 Rembrandts Polish Rider (Frick Diptych), by Maira Kalman and Xavier F. Salomon; The Frick Collection in association with D Giles Limited, 2019 Form 990, Part III, Line 4B- Program Service Accomplishments Library Program (continued)Drawing on the archival collections the library, the Center for the History of Collecting is a program that was established to foster awareness and scholarly study of the formation of fine and decorative arts collections and to promote the relevance of this subject to the history of art and culture. In the 2019 tax year, the Collection organized the following academic symposia on the history of collecting: Form 990, Part IX, Line 24a Program services, management and fundraising expenses include non-operating costs, a considerable portion of which are related to pension and other post-retirement benefits. These actuarially-calculated costs have a significant impact on the classification of functional expenses and their relative totals. Form 990, Part VI, Line 1a- Executive Committee The Board of Trustees has appointed an Executive Committee with the authority to exercise, during the intervals between regularly scheduled meetings of the Board of Trustees, all of the powers of the Board except that the Executive Committee may not amend or repeal the bylaws of the Collection or adopt new bylaws; fill vacancies in the Board of Trustees or in any Committee; or amend or repeal any resolution of the Board of Trustees which by its terms is not amendable or repealable; to fix the compensation of Trustees, if any, for serving on the Board or any committee; to elect or remove Officers or Trustees; to approve a merger or plan of dissolution; to approve the sale, lease, exchange or other disposition of art or stubstantiate all the assets of The Collection; or to ammend the charter of The Collection. The Executive Committee consists of the following members with voting rights: the Chair, the Vice Chair, the Secretary, and the Treasurer of the Collection, each of whom must be a member of the Board of Trustees under the Collections bylaws, as well as one other Trustee who is elected to the committee by the Board. The Director and Chief Executive Officer of the Collection is a nonvoting member of the Executive Committee. In addition to the offices correctly listed, not less than one other Trustee and not more than two other Trustees are elected to the Executive Committee.