NEUE GALERIE NEW YORK: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- NEUE GALERIE NEW YORK (EIN 13-4047433)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-15
- IRS object ID
- 201733199349102978
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Expln Of Non Filing With AG Stmt
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T12:38:01-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bencivenga Ward & Company CPAs PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 Columbus Avenue Suite 304 | AddressLine1Txt |
| City | Valhalla | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105951382 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134047433 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE NEUE GALERIE NEW YORK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEUE | BusinessNameControlTxt |
| Phone | 2126286200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1048 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10028 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT GUTTERMAN | PersonNm |
| Person Title | DEPUTY DIRECTOR | PersonTitleTxt |
| Signature | 2017-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Leonard J Bencivenga CPA | PreparerPersonNm |
| PTIN | P00116788 | PTIN |
| Phone | 9147695005 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $120,417,092 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $6,128,637 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $386,640 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $386,640 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $386,640 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$149,945 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,258,717 | GrossSalesPriceAmt |
| Gross Sales Less Ret And Allwnc | $2,069,598 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $915,351 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $1,154,247 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $1,154,247 | GrossProfitAdjNetIncmAmt |
| Other Income Rev And Expnss | $4,367,662 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $4,367,662 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $11,887,241 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $386,640 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $5,908,549 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $633,784 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $63,378 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $570,406 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $3,653,359 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $18,267 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $456,670 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $3,178,422 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $765,391 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $3,827 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $62,965 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $698,599 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $233,138 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $149,345 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $54,592 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $273 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $34,463 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $246,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $62,459 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $129,284 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $148,782 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $97,468 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,190,712 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Adj Net Incm | $438,142 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $274,810 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Adj Net Incm | $13,741 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $416,381 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,631,030 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Adj Net Incm | $1,291,025 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $5,611,359 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $14,831,598 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $84,826 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $2,325,921 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,885,727 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $14,831,598 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $84,826 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $2,325,921 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,885,727 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,944,357 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $301,814 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $3,582,628 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $298,645 | CashBOYAmt |
| Cash EOY | $706,005 | CashEOYAmt |
| Cash EOYFMV | $706,005 | CashEOYFMVAmt |
| Acct Rcvbl | $193,997 | AcctRcvblAmt |
| Acct Rcvbl BOY | $405,887 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $193,997 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $193,997 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $802,643 | InventoriesBOYAmt |
| Inventories EOY | $1,187,539 | InventoriesEOYAmt |
| Inventories EOYFMV | $1,187,539 | InventoriesEOYFMVAmt |
| Prepaid Expenses BOY | $175,145 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $408,170 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $408,170 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $22,191,042 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $22,340,763 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $22,340,763 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $100,843,027 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,267,495 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $96,258,396 | LandBOYAmt |
| Land EOY | $95,575,532 | LandEOYAmt |
| Land EOYFMV | $95,575,532 | LandEOYFMVAmt |
| Other Assets BOY | $171,675,540 | OtherAssetsBOYAmt |
| Other Assets EOY | $5,086 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $5,086 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $291,807,298 | TotalAssetsBOYAmt |
| Total Assets EOY | $120,417,092 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $120,417,092 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $744,053 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,050,056 | AccountsPayableEOYAmt |
| Loans From Officers BOY | $1,300,739 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $3,500,739 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $2,044,792 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,550,795 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $267,552,118 | UnrestrictedBOYAmt |
| Unrestricted EOY | $93,339,447 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $44,908 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $361,370 | TemporarilyRestrictedEOYAmt |
| Permanently Restricted BOY | $22,165,480 | PermanentlyRestrictedBOYAmt |
| Permanently Restricted EOY | $22,165,480 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $289,762,506 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $115,866,297 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $291,807,298 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $120,417,092 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $289,762,506 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,944,357 | ExcessRevenueOverExpensesAmt |
| Other Increases | $718,602 | OtherIncreasesAmt |
| Subtotal | $287,536,751 | SubtotalAmt |
| Other Decreases | $171,670,454 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $115,866,297 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (18 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| VARIOUS FEB SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $24,135 | $18,576 | $5,559 | $5,559 |
| VARIOUS MARCH SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $211,632 | $206,148 | $5,484 | $5,484 |
| VARIOUS MAY SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $13,274 | $11,033 | $2,241 | $2,241 |
| VARIOUS JUNE SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $8,709 | $6,471 | $2,238 | $2,238 |
| VARIOUS JULY SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $46,021 | $39,458 | $6,563 | $6,563 |
| VARIOUS AUGUST SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $53,138 | $45,851 | $7,287 | $7,287 |
| VARIOUS NOV SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $30,637 | $25,357 | $5,280 | $5,280 |
| VARIOUS DEC SALES - ACCT 5001 | P | 2016-12-31 | 2016-12-31 | $12,330 | $9,329 | $3,001 | $3,001 |
| VARIOUS FEB SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $196,191 | $228,152 | -$31,961 | -$31,961 |
| VARIOUS MARCH SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $1,605,521 | $1,678,578 | -$73,057 | -$73,057 |
| VARIOUS APRIL SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $495,696 | $520,861 | -$25,165 | -$25,165 |
| VARIOUS JUNE SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $400,000 | $400,000 | ||
| VARIOUS JULY SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $542,924 | $734,504 | -$191,580 | -$191,580 |
| VARIOUS AUGUST SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $500,000 | $472,582 | $27,418 | $27,418 |
| VARIOUS OCT SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $615,000 | $614,386 | $614 | $614 |
| VARIOUS NOV SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $24,516 | $24,516 | $24,516 | |
| VARIOUS DEC SALES - ACCT 3009 | P | 2016-12-31 | 2016-12-31 | $287,379 | $211,266 | $76,113 | $76,113 |
| GOLDMAN SACHS DEC SALES | P | 2016-12-31 | 2016-12-31 | $1,191,614 | $1,186,110 | $5,504 | $5,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$149,945 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$149,945 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $6,314,788 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $23,223,084 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.27192 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $6,333,395 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $24,307,167 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.26056 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,970,153 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $24,313,490 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.24555 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $5,586,244 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $5,344,993 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 1.04514 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $5,407,840 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,246,795 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.48083 | DistributionYr5Rt |
| Total Distribution | 2.303995 | TotalDistributionRt |
| Average Distribution | 0.460799 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $21,924,925 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $10,102,984 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,018 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $10,106,002 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $12,393,573 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $3,018 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,018 | SubtotalAmt |
| Tax Based On Investment Income | $3,018 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,394 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $5,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $18,394 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $15,376 | OverpaymentAmt |
| Applied To ES Tax | $15,376 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | false | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.neuegalerie.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCOTT GUTTERMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2126286200 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1048 Fifth Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10028 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | Yes (true) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ronald S Lauder | |||||||||||
| 767 Fifth Aveune Suite 4200 | New York | NY | 10153 | Pres. & Trustee | 5.00 | $0 | |||||
| Renee Price | |||||||||||
| 1048 Fifth Ave | New York | NY | 10028 | DIR/ & EX-OFFO | 40.00 | $633,784 | $36,622 | ||||
| Carl E Schorske | |||||||||||
| 45 Meadow Lakes | Hightstown | NJ | 08520 | Trustee | 1.00 | $0 | |||||
| Eduard Sekler | |||||||||||
| 48 Quincy St | Cambridge | MA | 02138 | Trustee | 1.00 | $0 | |||||
| Peter Selz | |||||||||||
| 861 Regal Rd | Berkeley | CA | 94708 | Trustee | 1.00 | $0 | |||||
| Christian Witt-Dorring | |||||||||||
| Trustee | 5.00 | $0 | Magdalenenstrasse 1 | Vienna | AU | A-1060 | |||||
| David Gerson | |||||||||||
| 767 Fifth Avenue | New York | NY | 10520 | Treasurer | 1.00 | $0 | |||||
| Reinhold Heller | |||||||||||
| 1325 Linden Road | Homewood | IL | 60430 | Trustee | 1.00 | $0 | |||||
| Max Hollein | |||||||||||
| 1048 fifth avenue | new york | NY | 10028 | Trustee | 1.00 | $0 | |||||
| Olaf Peters | |||||||||||
| Trustee | 1.00 | $0 | Richard Wagner Strasse 27 | Hannover | GM | 50177 | |||||
| Ernst Ploil | |||||||||||
| Trustee | 1.00 | $0 | Stadiongasse 4 | Vienna | AU | ||||||
| Jill Lloyd | |||||||||||
| Trustee | 1.00 | $0 | 56 St James Gardens | London | UK | W114RA | |||||
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Scott Gutterman | |||||||
| 1048 Fifth Avenue | New York | NY | 10028 | Deputy Director | 40.00 | $360,000 | $50,364 |
| Mark DeMairo | |||||||
| 1048 Fifth Avenue | New York | NY | 10028 | Facilities Dir | 40.00 | $325,000 | $11,418 |
| JANIS STAGGS | |||||||
| 1048 Fifth Avenue | New York | NY | 10028 | ASSOCIATE CURATOR | 40.00 | $200,000 | $17,665 |
| PHYLLIS LA RICCIA | |||||||
| 1048 Fifth Avenue | New York | NY | 10028 | DEVELOPMENT | 40.00 | $170,000 | $17,121 |
| EWA KUJAWIAK | |||||||
| 1048 Fifth Avenue | New York | NY | 10028 | Registrar | 40.00 | $125,000 | $23,259 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Neue Galerie New York (the "Museum") mission is to exhibit, collect, preserve and research objects of fine and decorative art and photography, including works of German and Austrian artists. The Museum develops and owns a permanent collection of German and Austrian art and borrows important pieces from collectors and other Museums. The Museum organizes at least one major exhibition each year; it also develops educational programs and works with other educational institutions in New York, giving guided tours of the Museum for classes and students. | Description1Txt |
| Expenses1 | $10,885,727 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $21,940,304 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $318,503 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,258,807 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $22,258,807 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $333,882 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,924,925 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,096,246 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,885,727 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $1,507,846 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $12,393,573 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $3,018 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $12,390,555 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 1999-12-07 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,096,246 | CurrentYearAmt |
| Year1 | $1,161,154 | Year1Amt |
| Year2 | $1,215,358 | Year2Amt |
| Year3 | $1,056,723 | Year3Amt |
| Total | $4,529,481 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $931,809 | CurrentYearAmt |
| Year1 | $986,981 | Year1Amt |
| Year2 | $1,033,054 | Year2Amt |
| Year3 | $898,215 | Year3Amt |
| Total | $3,850,059 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $12,393,573 | CurrentYearAmt |
| Year1 | $6,314,788 | Year1Amt |
| Year2 | $6,333,395 | Year2Amt |
| Year3 | $5,970,153 | Year3Amt |
| Total | $31,011,909 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $12,393,573 | CurrentYearAmt |
| Year1 | $6,314,788 | Year1Amt |
| Year2 | $6,333,395 | Year2Amt |
| Year3 | $5,970,153 | Year3Amt |
| Total | $31,011,909 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $730,831 | CurrentYearAmt |
| Year1 | $774,103 | Year1Amt |
| Year2 | $810,238 | Year2Amt |
| Year3 | $810,450 | Year3Amt |
| Total | $3,125,622 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Ronald S Lauder | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| Membership revenue | $1,319,130 |
| Museum Admissions | $2,690,434 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $386,640 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$149,945 | RelatedOrExemptFunctionIncmAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,154,247 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Cafe Revenue | Desc |
| Business | 712100 | BusinessCd |
| Unrelated Business Taxbl Incm | $358,098 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $358,098 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $386,640 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,013,866 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $5,758,604 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1a | Revenue from Neue Galerie New York memberships |
| 1b | Admission fees to the Neue Galerie New York Museum. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| ALEXANDRA HAXTON | ||||||
| 1 | A LANGE SOHNE 645 FIFTH AV | NEW YORK | NY | 10022 | $25,000 | Yes (X) |
| ESTEE LAUDER 2004 CHARITABLE TRUST | ||||||
| 2 | 767 FIFTH AVENUE 40TH FL | NEW YORK | NY | 10153 | $3,233,788 | Yes (X) |
| LAWRENCE M KAYE | ||||||
| 3 | 2 PARK AVENUE - HF LLP | NEW YORK | NY | 10016 | $5,000 | Yes (X) |
| NELSON BLITZ JR | ||||||
| 4 | 907 FIFTH AVENUE APT 10D | NEW YORK | NY | 10021 | $5,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT AND TAX PREPARATION | CategoryTxt |
| Amt | $54,592 | Amt |
| Net Investment Income | $273 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $34,463 | DisbursementsCharitablePrpsAmt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE MUSEUM FILES AN ANNUAL REPORT WITH THE NEW YORK STATE DEPARTMENT OF EDUCATION WHO HAS GIVEN THE MUSEUM ITS CHARTER | ExplanationTxt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $687,357 | $646,227 | $41,130 | $41,130 |
| Machinery and Equipment | $1,857,657 | $603,192 | $1,254,465 | $1,254,465 |
| Buildings | $92,000,000 | $1,840,000 | $90,160,000 | $90,160,000 |
| Improvements | $6,298,013 | $2,178,076 | $4,119,937 | $4,119,937 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL LEGAL FEES | CategoryTxt |
| Legal Fees | $233,138 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $149,345 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp (2 entries)
| Loan OriginalLoanOriginalAmt | NoteNoteDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Insider RelationshipInsiderRelationshipTxt | Loan MaturityLoanMaturityDt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt |
|---|---|---|---|---|---|---|---|
| Bank of America | |||||||
| $15,000,000 | 2006-01 | Demand loan | 6.8500 | ||||
| Christie's Inc | |||||||
| $86,750,000 | 2006-05 | Short Term Related to Art Sale | 6.8700 | None | 2007-05 | Works of Art | Art Purchase |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Assets | Desc |
| BOY Book Value | $5,086 | BOYBookValueAmt |
| EOY Book Value | $5,086 | EOYBookValueAmt |
| EOYFMV | $5,086 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN ACCOUNTING PRINCIPLES WITH RESPECT TO ART WORK | Desc |
| Amt | $171,670,454 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (21 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Advertising & Public Relations | $23,299 | $6,331 | $18,492 |
| BANK CHARGES | $25,256 | $7,885 | $17,361 |
| Catalogue Service Fees | $15,889 | $3,544 | $87,698 |
| Credit Card/Bank Charges | $143,709 | $143,814 | |
| DESIGN, GRAPHICS & PRINTING | $256,840 | $127,336 | $87,582 |
| Exhibition & Design Services | $734,719 | $147,110 | $707,000 |
| Insurance | $504,215 | $53,549 | $505,052 |
| INTERNS/DOCENTS | $1,565 | $1,565 | |
| LICENSES | $43,644 | $1,317 | $42,327 |
| Maintenance & Utilities | $774,351 | $181,465 | $608,408 |
| Materials & Supplies | $348,453 | $113,732 | $222,773 |
| MEMBERSHIPS & DUES | $10,532 | $75 | $2,928 |
| Miscellaneous | $5,942 | $139 | $6,307 |
| OTHER SERVICES | $381 | $381 | |
| Postage, mailings and delivery | $82,523 | $71,374 | $11,350 |
| Public Programs | $44,900 | $5,045 | $39,855 |
| PURCHASES OF ARTWORK | $1,913,275 | $1,913,275 | |
| RECRUITMENT | $1,029 | $660 | $369 |
| Security Costs | $1,293,357 | $398,946 | $853,953 |
| Shipping | $327,507 | $16,375 | $419,285 |
| Telephone | $79,644 | $11,947 | $65,779 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| Cafe Revenue | $358,098 | $358,098 |
| Membership revenue | $1,319,130 | $1,319,130 |
| Museum Admissions | $2,690,434 | $2,690,434 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZD GAIN ON INVESTMENTS | Desc |
| Amt | $718,602 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| CONSULTANTS | $183,541 | $0 | $0 | $129,284 |
| INVESTMENT ADVISOR FEES | $62,459 | $62,459 | $0 | $0 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Book Store | CategoryTxt |
| Gross Sales | $2,069,598 | GrossSalesAmt |
| Cost Of Goods Sold | $915,351 | CostOfGoodsSoldAmt |
| Net | $1,154,247 | NetAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| FEDERAL INCOME TAX (FORM 990T) | $43,721 | |
| NYS INCOME TAX (FORM CT 13) | $7,593 | |
| PROPERTY TAX | $97,468 | $97,468 |
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