2019-05-15T11:02:14-05:00 2018-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2017-07-01 131628183 NATIONAL ACADEMY OF DESIGN NATI 2123694880 3 EAST 89TH STREET NEW YORK NY 10128 MARY FISHER INTERIM EXECUTIVE DIRECTOR 2123694880 2019-05-13 1 FREDERICK MARTENS P00298107 2126972299 38.142.140.186 2019-05-13 10:31:04 ED P 346D1650512CA940E5FAB8343674F12C8357897F A5A4C7F3BA1B0A385F7AF7F29F8EE0EC57F2CEC0 2017 2019-02-21 02:37:17Z X MARY FISHER 3 EAST 89TH STREET NEW YORK NY 10128 28235059 0 X WWW.NATIONALACADEMY.ORG X 1825 NY IN AUGUST 2017, THE ACADEMY SUSPENDED ITS SCHOOL OPERATIONS. IN JUNE 2016, THE ACADEMY HAD SUSPENDED ITS MUSEUM PROGRAM. THE ACADEMY HAS LAUNCHED A MAJOR INITIATIVE TO ENSURE ITS FUTURE IN PERPETUITY. THIS INITIATIVE INCLUDES THE SALE OF THE ACADEMY'S FIFTH AVENUE AND EAST 89TH STREET HISTORIC BUILDINGS TO CREATE AN ENDOWMENT FUND TO ENSURE THE SUSTAINABILITY AND FUTURE GROWTH OF THE ACADEMY, AND TO LOCATE A NEW FACILITY TO HOUSE THE MUSEUM AND SHOWCASE ITS EXTENSIVE PERMANENT COLLECTION, AND TO CONTINUE OPERATIONS OF THE SCHOOL TO FOSTER ARTISTIC VISIONS OF ITS STUDENTS.IN THE INTERIM, AS IT AWAITS COMPLETION OF THE THREE BUILDING SALES, THE ACADEMY CONTINUES TO OFFER PUBLIC AND EDUCATIONAL PROGRAMMING, MAINTAINS ITS MANY MEMBERSHIP FUNCTIONS, AND HAS ORGANIZED A LARGE EXHIBITION OF WORKS FROM ITS PERMANENT COLLECTION, WHICH WILL TRAVEL NATIONALLY, BEGINNING IN 2019, AMONG OTHER ACTIVITIES. 18 18 70 18 0 1976 1024190 228331 1303149 149099 341331 23629411 184530 181320 2853200 24188161 25680 0 0 0 1959962 1229575 102802 0 40020 1969563 2821907 4058007 4051482 -1204807 20136679 16543824 36836872 431996 338293 16111828 36498579 X THE NATIONAL ACADEMY WAS FOUNDED IN 1825, AND IS THE ONLY INSTITUTION OF ITS KIND THAT INTEGRATES A MUSEUM, ART SCHOOL AND AN ASSOCIATION OF ARTISTS AND ARCHITECTS DEDICATED TO CREATING AND PRESERVING A LIVING HISTORY OF AMERICAN ART. 0 1 409196 149099 ART SCHOOL:THROUGH AUGUST 2017, THE ACADEMY OPERATED THE OLDEST ART SCHOOL IN NEW YORK CITY AND ONE OF THE OLDEST IN THE UNITED STATES. 1834359 107290 ARCHIVES, COLLECTIONS AND EXHIBITIONS:THE NATIONAL ACADEMY HAS A COLLECTION OF NEARLY 8,000 WORKS OF AMERICAN ART AND ARCHITECTURE, IN ADDITION TO AN HISTORIC ARCHIVE CONTAINING RECORDS, DOCUMENTS AND EPHEMERA RELATED TO THE ACADEMY'S HISTORY AND MEMBERSHIP. THE ACADEMY ROUTINELY HOLDS EXHIBITIONS THAT FOCUS ON THE WORK OF THEIR MEMBERS, THE NATIONAL ACADEMICIANS. 2243555 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 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 1 63 0 1 70 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 NY X THE ORGANIZATION 2123694880 3 EAST 89TH STREET NEW YORK NY 10128 WALTER CHATHAM CO-CHAIR 10.00 X X 0 0 0 TIM WALCH CO-CHAIR 10.00 X X 0 0 0 BRUCE FOWLE PRESIDENT 10.00 X X 0 0 0 WENDY EVANS JOSEPH VICE PRESIDENT 7.00 X X 0 0 0 STEVE BLITZ TREASURER 4.00 X X 0 0 0 WILLARD BOEPPLE GOVERNOR 2.00 X 0 0 0 PAUL BROCHES GOVERNOR 2.00 X 0 0 0 VERONICA BULGARI GOVERNOR 2.00 X 0 0 0 DONNA DENNS GOVERNOR 2.00 X 0 0 0 BUZZY GEDULD GOVERNOR 2.00 X 0 0 0 SAM GILLIAM GOVERNOR 2.00 X 0 0 0 ANDREW GINZEL GOVERNOR 2.00 X 0 0 0 JULIE HEFFERNAN GOVERNOR 2.00 X 0 0 0 ROBERTO JUAREZ GOVERNOR 2.00 X 0 0 0 RICHARD KALINA GOVERNOR 2.00 X 0 0 0 ANTHONY PANZERA GOVERNOR 2.00 X 0 0 0 JUDY PFAFF GOVERNOR 2.00 X 0 0 0 JAMES SIENA GOVERNOR 2.00 X 0 0 0 LESLIE WAYNE GOVERNOR 2.00 X 0 0 0 MAURA REILLY EXECUTIVE DIRECTOR 40.00 X 232196 0 13717 STEPHEN LISNER DIR. FINANCE/ADMIN (TO SEP 2017) 40.00 X 78718 0 0 MAURIZIO PELLEGRIN SCHOOL DIRECTOR 40.00 X 194777 0 48415 505691 0 62132 2 0 1 0 ATELIER PO BOX 56316 PHILADELPHIA PA 19130 COLLECTION STORAGE 604688 FRIED FRANK HARRIS SHRIVER & JACOBSON 1 NEW YORK PLAZA NEW YORK NY 10004 LEGAL SERVICES 208124 ALLIED UNIVERSAL 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY STAFF 107964 3 228331 228331 TUITION/EDUCATION FEES 611610 149099 149099 149099 300160 300160 73750 0 73750 73750 73750 2341392 25034757 2070819 1976079 270573 23058678 23329251 23329251 MISCELLANEOUS 900099 107290 107290 RIGHTS & REPRODUCTION 900002 280 280 107570 24188161 256389 0 23703441 319862 122694 193336 3832 735741 394103 329328 12310 21532 10542 10661 329 69874 34209 34597 1068 82566 40422 40881 1263 501305 501305 133930 3108 130822 67742 67742 281627 269627 11300 700 927 927 196779 51926 133362 11491 545732 499269 46463 317049 156079 155615 5355 217397 107021 106704 3672 COLLECTION RELOCATION 549448 549448 0 0 MISCELLANEOUS EXPENSES 9971 5107 4864 4051482 2243555 1767907 40020 98149 21843498 600 600 83445 12165 28372 92593 4456274 2139531 3709305 2316743 12556482 12551058 48432 1176 19039 19039 16543824 36836872 344999 314727 86997 23566 431996 338293 X 4223696 23894609 6326437 6934834 5561695 5669136 16111828 36498579 16543824 36836872 20136679 250072 0 X 0 1 X 1 0 X 2459044 3766165 1284314 1024190 228331 8762044 2459044 3766165 1284314 1024190 228331 8762044 2902976 5859068 424401 322126 365366 409611 373910 1895414 108422 19012 31355 32725 107570 299084 10956542 6432871 0.53480 X X X X 0 11677226 20999382 712233 15000 33373841 10172373 276103 1267109 38359 11677226 10634691 -270308 192010 10172373 10754892 85556 205757 10634691 9653870 1223115 122093 10754892 0.62770 0.16990 0.20240 0 0 820401 820401 372423 372423 0 2769708 1586411 1183297 493742 180697 313045 2316743 24460455 250072 89964 340036 24120419 67742 67742 24188161 4073704 89964 89964 3983740 67742 67742 4051482 PART III, LINE 1A: THE ACADEMY HAS EXTRAORDINARY COLLECTIONS OF PAINTINGS, SCULPTURES AND WORKS ON PAPER DATING FROM THE LATE EIGHTEENTH CENTURY TO THE PRESENT. IN ADDITION, IT HAS A SUBSTANTIAL BODY OF ARCHIVAL MATERIAL RELATED TO THE HISTORY OF THE ACADEMY AND ITS ARTIST MEMBERS. A ROTATING SELECTION FROM THE COLLECTIONS ARE USUALLY EXHIBITED IN ITS GALLERIES AND THE COLLECTIONS ARE ALSO MADE AVAILABLE FOR RESEARCH BY SCHOLARS OR OTHER INTERESTED PARTIES. THE ACADEMY EMPLOYS A CURATOR TO ENSURE THAT THE COLLECTIONS ARE PROTECTED AND PRESERVED. MOST WORKS OF ART OWNED BY THE ACADEMY HAVE BEEN GIVEN BY ITS ARTIST MEMBERS IN ORDER TO FULFILL MEMBERSHIP REQUIREMENTS, WHILE A SMALLER GROUP OF WORKS HAVE BEEN DONATED BY OTHERS. THE COLLECTIONS ARE MAINTAINED FOR THE PROMOTION OF AMERICAN ART, RATHER THAN FOR FINANCIAL GAIN. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE ACADEMY'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: THE COLLECTIONS ARE COMPRISED OF APPROXIMATELY 8,000 PAINTINGS, DRAWINGS, SCULPTURES, AND WORKS ON PAPER, ALL CONTRIBUTED BY INDIVIDUALS ELECTED AS ACADEMICIANS. THE COLLECTIONS ENABLE ONE TO CONTEXTUALIZE THE PLACE OF THE NATIONAL ACADEMY WITHIN THE NARRATIVE OF AMERICAN ART, AND SHOWCASE THE PROMINENT ROLE IT HAS PLAYED IN THE CULTURAL AND ARTISTIC LIFE THROUGHOUT THE NINETEENTH, TWENTIETH AND INTO THE TWENTY-FIRST CENTURY. PART V, LINE 4: EARNINGS FROM THE ACADEMY'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE ACADEMY'S PROGRAMS AND GENERAL OPERATIONS. X X 1 0 0 0 0 0 0 0 0 MAURA REILLY EXECUTIVE DIRECTOR 232196 0 0 0 0 0 4735 0 8982 0 245913 0 0 0 MAURIZIO PELLEGRIN SCHOOL DIRECTOR 194777 0 0 0 0 0 27407 0 21008 0 243192 0 0 0 PART I, LINE 4A MAURIZIO PELLEGRIN - $80,205 SEVERANCE PER SEPARATION AGREEMENT FORM 990, PART III, LINE 3 IN AUGUST 2017, THE ACADEMY SUSPENDED ITS SCHOOL OPERATIONS. IN JUNE 2016, THE ACADEMY HAD SUSPENDED ITS MUSEUM PROGRAM. THE ACADEMY HAS LAUNCHED A MAJOR INITIATIVE TO ENSURE ITS FUTURE IN PERPETUITY. THIS INITIATIVE INCLUDES THE SALE OF THE ACADEMY'S FIFTH AVENUE AND EAST 89TH STREET HISTORIC BUILDINGS TO CREATE AN ENDOWMENT FUND TO ENSURE THE SUSTAINABILITY AND FUTURE GROWTH OF THE ACADEMY, AND TO LOCATE A NEW FACILITY TO HOUSE THE MUSEUM AND SHOWCASE ITS EXTENSIVE PERMANENT COLLECTION, AND TO CONTINUE OPERATIONS OF THE SCHOOL TO FOSTER ARTISTIC VISIONS OF ITS STUDENTS. IN THE INTERIM, AS IT AWAITS COMPLETION OF THE THREE BUILDING SALES, THE ACADEMY CONTINUES TO OFFER PUBLIC AND EDUCATIONAL PROGRAMMING, MAINTAINS ITS MANY MEMBERSHIP FUNCTIONS, AND HAS ORGANIZED A LARGE EXHIBITION OF WORKS FROM ITS PERMANENT COLLECTION, WHICH WILL TRAVEL NATIONALLY, BEGINNING IN 2019, AMONG OTHER ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE BOARD, AND ALL ARE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE MAY EXERCISE, SUBJECT AT ALL TIMES TO THE GENERAL DIRECTION AND CONTROL OF THE BOARD, ALL OF THE POWERS AND AUTHORITY NECESSARY TO CONDUCT THE NORMAL OPERATIONS OF THE ACADEMY, INCLUDING AUTHORIZATION TO SIGN DOCUMENTS ON BEHALF OF THE ACADEMY. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY WITH REGARD TO THE SUBMISSION TO THE ACADEMICIANS OF ANY ACTION REQUIRING THEIR APPROVAL, THE FILLING OF VACANCIES ON THE BOARD OR IN ANY COMMITTEE, THE AMENDMENT OR REPEAL OF THE BYLAWS OR THE ADOPTION OF NEW BYLAWS, THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD, WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE, OR THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ANY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE ACADEMY CONSISTS OF PAINTERS, SCULPTORS, ARCHITECTS AND WORKERS IN THE GRAPHIC ARTS WHO HAVE BEEN ELECTED TO MEMBERSHIP. THE NUMBER OF ACADEMICIANS IS LIMITED TO 450. THE ACADEMY HAS TWO (2) CLASSES OF ACADEMICIANS, CORRESPONDING TO THE TWO (2) PROFESSIONAL CLASSES PROMOTED BY THE ACADEMY: VISUAL ARTS AND ARCHITECTURE. FORM 990, PART VI, SECTION A, LINE 7A ACADEMICIANS (MEMBERS), WHO ARE ARTISTS AND ARCHITECTS SELECTED BY PEERS, ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BODY OF THE ACADEMICIANS SHALL HAVE THE SOLE POWER TO AUTHORIZE: (A) THE MORTGAGE OR OTHER DISPOSITION OF ANY REAL PROPERTY OWNED BY THE ACADEMY AND OCCUPIED AND USED BY THE SCHOOLS, EXHIBITIONS, GALLERIES, THE MUSEUM AND ADMINISTRATIVE OFFICES OF THE ACADEMY AND (B) THE SALE OR DISPOSITION OF ANY WORK OF ART OWNED BY THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S ACCOUNTANTS, THE EXECUTIVE DIRECTOR, THE TREASURER, AND THE FINANCE COMMITTEE, THEN DISTRIBUTED TO FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS, WHO REVIEW POTENTIAL CONFLICTS AND MAKE A DETERMINATION ON WHETHER A CONFLICT IN FACT EXISTS. THE PERSON WITH A POTENTIAL CONFLICT OF INTEREST LEAVES DURING THE DISCUSSION OF AND VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS THE PERFORMANCE OF THE DIRECTOR AND APPROVES ANY CHANGES IN COMPENSATION. THE COMMITTEE REVIEWS COMPENSATION OF MUSEUM DIRECTORS AT MUSEUMS WITH SIMILAR BUDGETS IN NEW YORK CITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.