2019-05-06T07:56:58-05:00 2018-06-30 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2017-07-01 237179855 FRIENDS OF THE NEUBERGER MUSEUM OF ART INC FRIE 9142516100 735 ANDERSON HILL ROAD PURCHASE NY 105771400 SUSAN DUBIN CHAIRPERSON 9142516100 2019-04-30 1 ARIEL F AMMIRATO P01346991 5184644080 24.103.149.254 2019-04-30 14:02:36 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 83DCA7CB572579BC2F7670A58B2B8A6B85EBC27A 2017 2019-02-21 02:37:17Z SUSAN DUBIN 735 ANDERSON HILL ROAD PURCHASE NY 105771400 9552807 0 X WWW.NEUBERGER.ORG X 1973 NY SUPPORT AND DEVELOPMENT OF THE NEUBERGER MUSEUM OF ART AND FINE ARTS PROGRAMS AT PURCHASE COLLEGE. 16 16 0 56 0 0 439962 841631 54035 42090 594145 2625439 -74451 -107607 1013691 3401553 0 0 2943 1000 0 0 0 0 40098 1004448 1176321 1007391 1177321 6300 2224232 10101380 10405026 158153 270858 9943227 10134168 SUPPORT AND DEVELOPMENT OF THE NEUBERGER MUSEUM OF ART AND FINE ARTS PROGRAMS AT PURCHASE COLLEGE. 0 0 543248 EXHIBITION - SPECIAL EXHIBITIONS ARE THE CORNERSTONE OF ANY MUSEUM'S PROGRAMMING. THE NEUBERGER MUSEUM OF ART FOCUSES ON SPECIAL EXHIBITIONS OF INTERNATIONAL MODERN AND CONTEMPORARY ART, INCLUDING AN AREA SPECIALIZED IN LATIN AMERICAN ART, AND OF AFRICAN ART TO EXPAND UPON THE STRENGTHS INHERENT IN OUR PERMANENT COLLECTIONS. WE OFFER A CHANGING SCHEDULE TWICE PER YEAR FOR UP TO A TOTAL OF 8 SPECIAL EXHIBITIONS PER YEAR. 198998 5184 EDUCATION PROGRAMS - THE NEUBERGER MUSEUM OF ART SERVES ON AVERAGE MORE THAN 3,000 YOUTH PER YEAR THROUGH OUR FAMILY FIRST SATURDAY, WRITING THROUGH THE ARTS, SCHOOL AND GROUP TOURS, AND TEACHER OUTREACH PROGRAMS. WE USE OUR WORLD CLASS COLLECTIONS AS THE BASIS FOR LESSON PLANS, TOURS AND ACTIVITIES THAT COMPLY WITH CURRENT NEW YORK STATE LEARNING STANDARDS AND NATIONALLY-BASED BEST PRACTICES IN LEARNING. 129636 36906 MEMBERSHIP - OUR MEMBERSHIP BASE NUMBERS APPROXIMATELY 132 PEOPLE WHO MAKE AN ANNUAL CONTRIBUTION AND ACCRUE BENEFITS CONCURRENT WITH A MONETARY AMOUNT. WE SEEK TO EXPAND OUR MEMBERSHIP BASE THROUGH A RENEWAL AND PARTNERSHIP STRATEGY. 68012 5963 68012 5963 939894 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 16 16 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X PAUL ZUKOWSKY 9142516100 735 ANDERSON HILL ROAD PURCHASE NY 105771400 X SUSAN DUBIN CHAIR 1.50 X X 0 0 0 LYNN HALBFINDER VICE CHAIR 1.50 X X 0 0 0 PAUL ZUKOWSKY TREASURER 1.50 X X 0 0 0 JAMIE GORDON SECRETARY 1.50 X X 0 0 0 BONNIE KLUGMAN TRUSTEE 1.00 X 0 0 0 ANTHONY MADDALENA TRUSTEE 1.00 X 0 0 0 JIM NEUBERGER TRUSTEE 0.30 X 0 0 0 BARRY PEARSON TRUSTEE - EX-OFFICIO 3.00 X 0 0 0 MARVIN SCHWARTZ TRUSTEE 1.00 X 0 0 0 THOMAS SCHWARZ TRUSTEE - EX-OFFICIO 3.00 X 0 0 0 HELEN STAMBLER NEUBERGER TRUSTEE 1.50 X 0 0 0 LUCILLE WERLINICH TRUSTEE - EX-OFFICIO 1.00 X 0 0 0 TRACY FITZPATRICK MUSEUM EXEC DIR TRUSTEE - EX-OFFICIO 3.00 X 0 0 0 RONNI BOLGER TRUSTEE 1.00 X 0 0 0 CATHERINE M BROD TRUSTEE - EX-OFFICIO 1.00 X 0 0 0 DEBBIE HEIDCORN TRUSTEE 1.00 X 0 0 0 LAURA BLANK TRUSTEE 1.00 X 0 0 0 JUDITH FIELDS TRUSTEE - EX-OFFICIO 1.00 X 0 0 0 0 0 0 0 0 0 0 0 320965 520666 841631 MEMBERSHIPS 900099 36906 36906 ADMISSION RECEIPTS 900099 5184 5184 42090 168011 168011 8453587 5996159 2457428 2457428 2457428 41525 320965 155095 -113570 -113570 OTHER SOURCES 900099 5963 5963 5963 3401553 48053 0 2511869 X 1000 1000 9344 9344 15688 15688 554312 402067 152245 61364 61364 10904 10904 5626 5626 27459 16811 10648 INSTALLATION MATERIALS 81908 81908 PERFORMANCE, LECTURES, 78912 38814 40098 SHIPPING & CARTING 62795 62795 CATALOGUE 48772 48772 219237 215459 3778 1177321 939894 197329 40098 392225 1098829 1126919 268214 5462 2146 22787 17938 103948 98961 10613 4987 8418995 8939428 124379 73484 10101380 10405026 55338 30764 16309 16309 86506 223785 158153 270858 X 405967 502627 5563252 5785533 3974008 3846008 9943227 10134168 10101380 10405026 X 2224232 -1792558 -240733 X X 0 1 X 1 0 X 914236 942874 673856 439962 863609 3834537 323683 198362 122013 223694 277763 1145515 1237919 1141236 795869 663656 1141372 4980052 1006885 3973167 114808 122871 115438 131984 168011 653112 7601 7601 15 1297 131 963 2406 5643171 35620 0.70410 0.68170 X X X 0 6643287 490387 526673 6607001 6028543 874574 259830 6643287 6269706 -12411 228752 6028543 6412568 101518 244380 6269706 5503559 1117891 208882 6412568 0.58200 0.41800 0 0 103948 98961 4987 4987 DUE TO PURCHASE COLLEGE 105105 DUE TO PURCHASE COLLEGE FOUNDATION 118680 223785 1969712 -1792558 277763 98642 -1416153 3385865 15688 15688 3401553 1538038 277763 98642 376405 1161633 15688 15688 1177321 PART III, LINE 1A: IN CONFORMITY WITH U.S. GAAP FOLLOWED BY ART MUSEUMS, THE VALUE OF FRIENDS' COLLECTIONS HAVE BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION AND GIFTS OF ART OBJECTS ARE EXCLUDED FROM REVENUE IN THE STATEMENT OF ACTIVITIES. PURCHASE OF ART OBJECTS BY THE FRIENDS ARE RECORDED AS DECREASES IN NET ASSETS IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM THE SALE OF ART ARE RECORDED AS INCREASES IN TEMPORARILY RESTRICTED NET ASSETS. PART III, LINE 4: THE FRIENDS' COLLECTION OF ART IS COMPRISED OF OVER 1,500 WORKS OF VARYING TYPES, INCLUDING PAINTING, SCULPTURES AND PHOTOGRAPHS. THE COLLECTION IS PREDOMINANTLY COMPRISED OF AMERICAN ART FROM THE EARLY 1900S TO PRESENT DAY. IT ALSO CONTAINS SIGNIFICANT BODIES OF CONSTRUCTIVIST ART, EUROPEAN MODERNIST WORKS AND AFRICAN ART. THE COLLECTIONS, MAINTAINED FOR PUBLIC EXHIBITIONS AND EDUCATION RATHER THAN FOR FINANCIAL GAIN, ARE PROTECTED, UNENCUMBERED AND PRESERVED, AND ARE SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN ON PART VIII 98,642. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN ON PART VIII 98,642. BENEFETE 250815 218440 32375 89870 ART JAM 111675 102525 9150 65225 362490 320965 41525 155095 155095 -113570 FORM 990, PART VI, SECTION A, LINE 2 HELEN STAMBLER NEUBERGER AND JIM NEUBERGER ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED AS FOLLOWS: EXPANDED THE DESCRIPTION OF THE POWERS OF THE BOARD IN A STANDARD MANNER. REVISED SO THAT THE DIRECTOR OF THE NEUBERGER MUSEUM OF ART SERVES AS AN EX OFFICIO VOTING MEMBER OF THE BOARD OF DIRECTORS. REVISED THE PROVISION REGARDING ELECTION OF DIRECTORS TO BE ELECTED BY A MAJORITY OF THE ENTIRE BOARD TO COMPLY WITH THE NPCL AND THE MINIMUM AND MAXIMUM NUMBER OF BOARD MEMBERS TO COMPLY WITH OUR CERTIFICATE OF INCORPORATION. CLARIFICATION THAT THE DIRECTOR OF THE MUSEUM REPORTS TO THE PRESIDENT OF THE COLLEGE BUT THAT THE BOARD CONSULTS WITH THE PRESIDENT OF PURCHASE COLLEGE IN CONNECTION WITH THE APPOINTMENT OF THE DIRECTOR. ADD A TERM LIMIT FOR THE CHAIR -- THE INDIVIDUAL SERVING AS CHAIR OF THE BOARD MAY NOT SERVE MORE THAN TWO CONSECUTIVE TERMS AS CHAIR UNLESS TWO-THIRDS OF THE DIRECTORS VOTE IN FAVOR OF SUCH AN ELECTION. WE PROVIDED THAT THE OFFICERS SERVE FOR THREE YEAR TERMS CONSISTENT WITH THE LENGTH OF BOARD SERVICE. THE STANDING COMMITTEES LISTED IN THE BY-LAWS HAVE BEEN UPDATED TO FIT WITH CURRENT PRACTICE. THE BOARD SHALL ADOPT A WHISTLEBLOWER POLICY CONSISTENT WITH NPCL 715-B IN ORDER TO PROTECT PERSONS WHO REPORT SUSPECTED IMPROPER CONDUCT. ALTHOUGH THE CORPORATION DOES NOT HAVE THE MINIMUM NUMBER OF EMPLOYEES THAT REQUIRES ADOPTION OF THIS POLICY, WE RECOMMEND ITS ADOPTION FOR CORPORATE GOVERNANCE REASONS AND TO NOT RAISE ANY CONCERNS WITH OUR NOT-FOR-PROFIT STATUS. WE ALSO INCLUDED A REFERENCE TO A CONFLICT OF INTEREST POLICY IN ACCORDANCE WITH NPCL 715-A IN ORDER TO ENSURE TO ENSURE THAT ITS DIRECTORS, OFFICERS AND KEY PERSONS ACT IN THE FRIENDS OF THE NEUBERGER MUSEUM'S BEST INTERESTS AND COMPLY WITH APPLICABLE LEGAL REQUIREMENTS. AS PART OF THIS POLICY, EACH MEMBER OF THE BOARD FILES A CONFLICT OF INTEREST DISCLOSURE STATEMENT EACH YEAR. ARTICLE VII, ASSETS AND FUNDS, HAS BEEN ADDED TO CLARIFY HOW FUNDS MAY BE MANAGED AND ENSURE COMPLIANCE WITH ARTICLE 5-A OF THE NPCL. ARTICLE XII, INDEMNIFICATION HAS BEEN EXPANDED TO REFLECT EXPANSION OF INDEMNIFICATION RIGHTS IN THE NPCL. FORM 990, PART VI, SECTION B, LINE 11B FRIENDS OF THE NEUBERGER MUSEUM OF ART HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THE GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO BOARD MEMBERS OF THE ORGANIZATION. EACH BOARD MEMBER IS REQUIRED TO READ AND SIGN THE CONFLICT OF INTEREST POLICY WHEN IT IS UPDATED. THE POLICY IS REVIEWED ON A YEARLY BASIS. THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY THROUGH THE NORMAL COURSE OF BUSINESS. WHENEVER A MATTER ARISES FOR ACTION BY THE BOARD, OR THE MUSEUM ENGAGED IN AN ACTIVITY WHERE THERE IS A POSSIBLE CONFLICT OR APPEAPRANCE OF CONFLICT BETWEEN THE INTERESTS OF THE MUSEUM AND AN OUTSIDE OR PERSONAL INTEREST OF A BOARD MEMBER, THE OUTSIDE INTEREST SHOULD BE A MATTER OF RECORD. THE CONFLICT OF INTEREST POLICY PROVIDES FOR WRITTEN ACKNOWLEDGEMENT BY EACH TRUSTEE THAT EACH HAS READ AND IS FAMILIAR WITH THE CONFLICT OF INTERST POLICY AND AS TO WHETHER OR NOT THE TRUSTEE HAS A CONFLICT OF INTEREST. IN THOSE CASES WHERE THE BOARD MEMBER IS PRESENT WHEN A VOTE IS TAKEN IN CONNECTION WITH SUCH QUESTION, HE OR SHE SHOULD ABSTAIN. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF INTERNAL POLICIES, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVALIABLE UPON REQUEST AT THE OFFICES DURING REGULAR BUSINESS HOURS. FORM 990 IS AVALIABLE UPON REQUEST, AT OFFICES DURING REGULAR BUSINESS HOURS, ON THE WEBSITE OF THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF NY, AND ON THE WEBSITE WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,324. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,324. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 402,067. MANAGEMENT AND GENERAL EXPENSES 148,921. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 550,988. FORM 990, PART IX, LINE 24E PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 42,348. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,348. LOAN FEES, ART EXHIBITIONS: PROGRAM SERVICE EXPENSES 35,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,750. NEW ACQUISITION EXPENSE: PROGRAM SERVICE EXPENSES 35,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,000. CONSERVATION: PROGRAM SERVICE EXPENSES 34,746. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,746. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 20,525. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,525. MUSEUM TOURING: PROGRAM SERVICE EXPENSES 20,452. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,452. PROFESSIONAL AND MEMBERSHIP DEVELOPMENT: PROGRAM SERVICE EXPENSES 8,633. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,633. SIGNAGE: PROGRAM SERVICE EXPENSES 7,785. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,785. STUDENT EVENTS: PROGRAM SERVICE EXPENSES 4,769. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,769. NEWSLETER & JOURNALS: PROGRAM SERVICE EXPENSES 3,760. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,760. EQUIPMENT AND MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,516. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,516. HONARIUMS, INTERSHIPS, AND SCHOLARSHIPS: PROGRAM SERVICE EXPENSES 1,691. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,691. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,262. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,262. FORM 990, PART XI, LINE 9: ENDOWMENT TRANSFER TO PURCHASE COLLEGE FOUNDATION -240,733. SCHEDULE D, PART V: AS A RESULT OF ADDITIONAL RESEARCH OF DOCUMENTATION SURROUNDING THE FUNDS OF FRIENDS, CERTAIN NET ASSETS HAVE BEEN RECLASSIFIED AS PART OF THE ENDOWMENT FUND BALANCE AT THE BEGINNING OF FISCAL YEAR 2013.