NATIONAL ACADEMY OF DESIGN: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL ACADEMY OF DESIGN (EIN 13-1628183)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-13
- IRS object ID
- 201621349349304402
- Schema version
- 2014v6.0
- 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
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-13T12:52:00-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131655065 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUTZ AND CARR CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 EAST 42ND STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131628183 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ACADEMY OF DESIGN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 2123694880 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1083 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10128 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL MCKAY | PersonNm |
| Person Title | INTERIM DIRECTOR OF FINANCE | PersonTitleTxt |
| Phone | 2123694880 | PhoneNum |
| Signature | 2016-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FREDERICK MARTENS | PreparerPersonNm |
| PTIN | P00298107 | PTIN |
| Phone | 2126972299 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ACADEMY MUSEUM AND SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PAUL GROSS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1083 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10128 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $21,707,930 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NATIONALACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1825 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | FOUNDED 187 YEARS AGO BY THE NOW FAMOUS ARTISTS OF THE HUDSON RIVER SCHOOL, THE NATIONAL ACADEMY HAS RECENTLY BEEN REVITALIZED WITH RESTRUCTURED GOVERNANCE, ENHANCEMENT OF PROFESSIONAL STAFF, RENOVATIONS OF PUBLIC SPACES, AND A NEW COMMITMENT TO AN ACTIVE AND RELEVANT EXHIBITION AND PUBLIC PROGRAM SCHEDULE. ONCE THOUGHT OF AS A PRIVATE PLACE FOR ARTISTS, THE NATIONAL ACADEMY IS NOW OUTWARDLY FOCUSED AS A VITAL AND ENGAGING INSTITUTION ON NEW YORK'S MUSEUM MILE. THE NATIONAL ACADEMY, WHICH INCLUDES A MUSEUM, ART SCHOOL AND AN ASSOCIATION OF ARTISTS AND ARCHITECTS, PROVIDES A UNIQUE INSIGHT INTO THE CREATIVE PROCESS.THE ACADEMY SERVES THE PUBLIC THROUGH EXHIBITIONS, PUBLIC PROGRAMS AND ART EDUCATION. THE EXHIBITION PROGRAM IS COMPRISED OF ROTATING SHOWS DRAWN FROM THE EXTENSIVE PERMANENT COLLECTION, AN ANNUAL EXHIBITION SHOWING THE WORK OF CURRENT MEMBERS AND SPECIAL EXHIBITIONS FEATURING THE WORK OF A SINGLE ARTIST OR ARCHITECT, SUCH AS A RETROSPECTIVE OR THEMED OFFERING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 95 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,376,323 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,674,504 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,642,054 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,604,853 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,649,351 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,072,130 | CYInvestmentIncomeAmt |
| PY Other Revenue | $110,001 | PYOtherRevenueAmt |
| CY Other Revenue | $24,717 | CYOtherRevenueAmt |
| PY Total Revenue | $5,777,729 | PYTotalRevenueAmt |
| CY Total Revenue | $6,376,204 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $101,900 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $114,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,955,445 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,856,837 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $191,102 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $128,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $825,136 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,960,088 | PYOtherExpensesAmt |
| CY Other Expenses | $3,108,311 | CYOtherExpensesAmt |
| PY Total Expenses | $7,208,535 | PYTotalExpensesAmt |
| CY Total Expenses | $6,207,648 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,430,806 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $168,556 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,026,675 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,095,108 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,097,153 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,817,346 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,929,522 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $19,277,762 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,090,034 | ExpenseAmt |
| Grant | $24,000 | GrantAmt |
| Revenue | $60,689 | RevenueAmt |
| Desc | MUSEUM:THE ACADEMY STAGED SIX EXHIBITIONS DURING THE YEAR: BEYOND THE CLASSICAL: IMAGINING ART ACROSS TIME; GESTURES: THE DESIGNS OF WENDELL CASTLE AND WILLIAM PEDERSON; SELF: PORTRAITS OF ARTISTS IN THEIR ABSENCE; REVEALING ARCHITECTURE: FXFOWLE AND RICHARD HAAS; CREATIVE MISCHIEF; AND THE ANNUAL 2015. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,354,134 | ExpenseAmt |
| Grant | $90,500 | GrantAmt |
| Revenue | $1,566,526 | RevenueAmt |
| Desc | ART SCHOOL:THE ACADEMY OPERATES THE OLDEST ART SCHOOL IN NEW YORK CITY AND ONE OF THE OLDEST IN THE UNITED STATES. THERE ARE STUDENT AND FACULTY EXHIBITIONS THROUGHOUT THE YEAR. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $4,444,168 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 95 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 95 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCE DIRECTOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123694880 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1083 FIFTH AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10128 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DAVID KAPP | |||||||
| CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BRUCE FOWLE | |||||||
| PRESIDENT | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DEVEN PAREKH | |||||||
| TREASURER | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| STEPHANIE TERELAK BENENSON | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT BERLIND | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLARD BOEPPLE | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| VERONICA BULGARI | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NANCY FRIESE | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BUZZY GEDULD | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GAYLE GROSS | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL GROSS | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA GROSSMAN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICIA L HORING | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIE HEFFERNAN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HENRY JUSTIN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD KALINA | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| EUGENE KOHN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANTHONY PANZERA | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM PEDERSEN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES SIENA | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| FREDERICA WALD | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TERESA WATERMAN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CARMINE BRANAGAN | |||||||
| DIRECTOR | 40.00 | Yes (X) | $285,661 | $0 | $26,203 | ||
| JOHN SCHERF | |||||||
| DIR. OF FINANCE & ADMIM (7/14-6/15) | 40.00 | Yes (X) | $91,785 | $0 | $1,698 | ||
| MICHAEL W MCKAY | |||||||
| DIR. OF FINANCE & ADMIN (6/15) | 40.00 | Yes (X) | $19,902 | $0 | $3,402 | ||
| MAURIZIO PELLEGRIN | |||||||
| SCHOOL DIRECTOR | 40.00 | $153,155 | $0 | $31,793 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $550,503 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $63,096 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| UNIVERSAL PROTECTION SERVICE | |||||
| 26375 NETWORK | CHICAGO | IL | 60673 | SECURITY | $256,614 |
| SOHO CONTRACTING | |||||
| PO BOX 93 | NEW YORK | NY | 10013 | GENERAL CONTRACTOR | $158,500 |
| CORP OF THE FINE ARTS MUSEUMS | |||||
| 50 HAGIWARA TEA GARDEN DR | SAN FRANCISCO | CA | 94118 | MUSEUM EXHIBITION | $155,936 |
| PHILLIPS DIVERSIFIED LLC | |||||
| 28 RAILROAD AVENUE - SUITE 4B | WARWICK | NY | 10990 | CLEANING | $124,196 |
| MASTERPIECE INTERNATIONAL LTD | |||||
| 39 BROADWAY - SUITE 1410 | NEW YORK | NY | 10006 | FINE ART SHIPPING | $113,044 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $514,312 | FundraisingAmt |
| Government Grants | $16,185 | GovernmentGrantsAmt |
| All Other Contributions | $3,144,007 | AllOtherContributionsAmt |
| Noncash Contributions | $381,828 | NoncashContributionsAmt |
| Total Contributions | $3,674,504 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION/EDUCATION FEES | 611600 | $1,566,526 | $1,566,526 |
| ADMISSIONS | 712110 | $38,327 | $38,327 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,604,853 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $426,025 | TotalRevenueColumnAmt |
| Exclusion | $426,025 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,902 | TotalRevenueColumnAmt |
| Exclusion | $1,902 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,913,049 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,266,944 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $646,105 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $646,105 | TotalRevenueColumnAmt |
| Exclusion | $646,105 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $64,782 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $514,312 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $64,782 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $2,023 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,023 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,023 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| MISCELLANEOUS | 900099 | $20,339 | $20,339 | |
| RIGHTS & REPRODUCTION | 900002 | $453 | $453 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $20,792 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,376,204 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,627,215 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,074,485 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,500 | TotalAmt |
| Program Services | $114,500 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $419,347 | TotalAmt |
| Program Services | $181,336 | ProgramServicesAmt |
| Management And General | $177,566 | ManagementAndGeneralAmt |
| Fundraising | $60,445 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,949,286 | TotalAmt |
| Program Services | $1,401,940 | ProgramServicesAmt |
| Management And General | $221,510 | ManagementAndGeneralAmt |
| Fundraising | $325,836 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,692 | TotalAmt |
| Program Services | $17,561 | ProgramServicesAmt |
| Management And General | $8,928 | ManagementAndGeneralAmt |
| Fundraising | $4,203 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,606 | TotalAmt |
| Program Services | $127,579 | ProgramServicesAmt |
| Management And General | $40,006 | ManagementAndGeneralAmt |
| Fundraising | $35,021 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,906 | TotalAmt |
| Program Services | $176,470 | ProgramServicesAmt |
| Management And General | $43,563 | ManagementAndGeneralAmt |
| Fundraising | $34,873 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,734 | TotalAmt |
| Management And General | $28,734 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,911 | TotalAmt |
| Management And General | $24,911 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,000 | TotalAmt |
| Fundraising | $128,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,684 | TotalAmt |
| Management And General | $61,684 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $829,101 | TotalAmt |
| Program Services | $784,855 | ProgramServicesAmt |
| Management And General | $26,356 | ManagementAndGeneralAmt |
| Fundraising | $17,890 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,986 | TotalAmt |
| Program Services | $168,011 | ProgramServicesAmt |
| Management And General | $650 | ManagementAndGeneralAmt |
| Fundraising | $325 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,293 | TotalAmt |
| Program Services | $117,843 | ProgramServicesAmt |
| Management And General | $53,724 | ManagementAndGeneralAmt |
| Fundraising | $22,726 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,902 | TotalAmt |
| Program Services | $50,834 | ProgramServicesAmt |
| Management And General | $32,677 | ManagementAndGeneralAmt |
| Fundraising | $18,391 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $638,576 | TotalAmt |
| Program Services | $584,139 | ProgramServicesAmt |
| Management And General | $36,345 | ManagementAndGeneralAmt |
| Fundraising | $18,092 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,095 | TotalAmt |
| Program Services | $25,129 | ProgramServicesAmt |
| Management And General | $4,836 | ManagementAndGeneralAmt |
| Fundraising | $130 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,744 | TotalAmt |
| Program Services | $64,686 | ProgramServicesAmt |
| Management And General | $2,488 | ManagementAndGeneralAmt |
| Fundraising | $117,570 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,204 | TotalAmt |
| Management And General | $12,204 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,397 | TotalAmt |
| Program Services | $346,458 | ProgramServicesAmt |
| Management And General | $32,240 | ManagementAndGeneralAmt |
| Fundraising | $15,699 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,605 | TotalAmt |
| Program Services | $25,452 | ProgramServicesAmt |
| Management And General | $61,153 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FINE ART SHIPPING | $141,565 | $141,565 | ||
| MISCELLANEOUS EXPENSES | $98,069 | $66,575 | $30,543 | $951 |
| FINANCIAL/PAYROLL FEES | $79,027 | $39,658 | $38,226 | $1,143 |
| PRINTING | $33,418 | $9,577 | $23,841 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,207,648 | TotalAmt |
| Program Services | $4,444,168 | ProgramServicesAmt |
| Management And General | $938,344 | ManagementAndGeneralAmt |
| Fundraising | $825,136 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $675,747 | BOYAmt |
| EOY | $146,705 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,132 | BOYAmt |
| EOY | $288,132 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $511,558 | BOYAmt |
| EOY | $2,006,498 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,984 | BOYAmt |
| EOY | $146,426 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,698 | BOYAmt |
| EOY | $21,501 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,838,842 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,610,775 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,530,923 | BOYAmt |
| EOY | $4,228,067 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,921,208 | BOYAmt |
| EOY | $15,240,894 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,425 | BOYAmt |
| EOY | $16,885 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,026,675 | BOYAmt |
| EOY | $22,095,108 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $782,227 | BOYAmt |
| EOY | $495,509 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,712 | BOYAmt |
| EOY | $125,815 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,043,103 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,153,214 | BOYAmt |
| EOY | $1,152,919 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,097,153 | BOYAmt |
| EOY | $2,817,346 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,570,972 | BOYAmt |
| EOY | $7,888,140 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,165,986 | BOYAmt |
| EOY | $6,236,405 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,192,564 | BOYAmt |
| EOY | $5,153,217 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,929,522 | BOYAmt |
| EOY | $19,277,762 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,026,675 | BOYAmt |
| EOY | $22,095,108 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $168,556 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$820,316 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,754,892 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $85,556 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $234,063 | OtherExpendituresAmt |
| End Year Balance | $10,606,385 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,653,870 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,223,115 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $122,093 | OtherExpendituresAmt |
| End Year Balance | $10,754,892 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,861,679 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $916,601 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $124,410 | OtherExpendituresAmt |
| End Year Balance | $9,653,870 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,014,508 | BeginningYearBalanceAmt |
| Contributions | $100,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$250,567 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,262 | OtherExpendituresAmt |
| End Year Balance | $8,861,679 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,941,917 | BeginningYearBalanceAmt |
| Contributions | $35,610 | ContributionsAmt |
| Investment Earnings Or Losses | $1,426,142 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $389,161 | OtherExpendituresAmt |
| End Year Balance | $9,014,508 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.48560 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.51440 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,039,958 | OtherCostOrOtherBasisAmt |
| Book Value | $1,039,958 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $610,771 | OtherCostOrOtherBasisAmt |
| Depreciation | $610,771 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,643,010 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,563,254 | DepreciationAmt |
| Book Value | $3,079,756 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $444,103 | OtherCostOrOtherBasisAmt |
| Depreciation | $352,583 | DepreciationAmt |
| Book Value | $91,520 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $84,167 | DepreciationAmt |
| Book Value | $16,833 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,228,067 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO INCORPORATED EDWIN AUSTIN ABBEY MEMORIAL SCHOLARSHIP FUND | Desc |
| Amt | $1,152,919 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,152,919 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 7,000 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. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE ORGANIZATION UTILIZES PRINT AND RADIO ADVERTISING, AS WELL AS THE INTERNET AND PRINTED MATERIALS TO PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY. |
| SCHEDULE E, PART I, LINE 6 | NYC DEPARTMENT OF CULTURAL AFFAIRS $16,185 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| CATHY MCNAMARA INC | ||||||||
| 1325 SIXTH AVENUE FL 27 | NEW YORK | NY | 10019 | GALA CONSULTANT | 0 | $579,094 | $40,000 | $539,094 |
| TESS O'DWYER | ||||||||
| 350 WEST 57TH STREET 9G | NEW YORK | NY | 10019 | FUNDRAISING CONSULTANT | 0 | $0 | $60,000 | $0 |
| BRYONY ROMER | ||||||||
| 439 2ND STREET 5 | BROOKLYN | NY | 11215 | GRANTWRITER | 0 | $0 | $13,000 | $0 |
| RESILIENT PHILANTHROPY | ||||||||
| PO BOX 1919 | WINTER PARK | FL | 32790 | FUNDRAISING CONSULTANT | 0 | $0 | $15,000 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $579,094 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $128,000 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $539,094 | TotalNetToOrganizationAmt |
| Licensed States | NY | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SPRING GALA | Event1Nm |
| Gross Receipts Event1 | $579,094 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $514,312 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $64,782 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $64,782 | FoodAndBeverageEvent1Amt |
| Gross Receipts Total | $579,094 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $514,312 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $64,782 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $64,782 | FoodAndBeverageTotalEventsAmt |
| Direct Expense Summary Events | $64,782 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| ARTIST PRIZES | 4 | $24,000 | |||
| SCHOLARSHIPS | 26 | $86,600 | VALUE OF TUITION FORGONE | CREDIT AGAINST CLASS TUITION | |
| STUDENT PRIZES | 5 | $3,900 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ACADEMY AWARDS PRIZES FOR THE BEST WORK EXHIBITED IN ITS ANNUAL, HIGHLIGHTING WORK BY NATIONAL ACADEMICIANS. THE ACADEMY ALSO AWARDS SCHOLARSHIPS TO STUDENTS IN ITS ART SCHOOL. THE SCHOLARSHIPS ARE A CREDIT AGAINST THE REGULAR TUITION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CARMINE BRANAGAN | ||||||||||||||
| DIRECTOR | $285,661 | $0 | $0 | $0 | $0 | $0 | $14,538 | $0 | $11,665 | $0 | $311,864 | $0 | $0 | $0 |
| MAURIZIO PELLEGRIN | ||||||||||||||
| SCHOOL DIRECTOR | $153,155 | $0 | $0 | $0 | $0 | $0 | $4,250 | $0 | $27,543 | $0 | $184,948 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 38 | ContributionCnt |
| Noncash Contributions Rpt F990 | $75,416 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AUCTION PROCEEDS | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $306,412 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2 | BOARD MEMBERS PAUL GROSS AND GAYLE GROSS - FAMILY RELATIONSHIP |
| 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 11 | FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND ADMINISTRATION 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. COMPENSATION HAS NOT CHANGED FOR SEVERAL YEARS. 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. |
| FORM 990, PART IX, LINE 11G | ARTIST FEES, BUILDING SECURITY, AND OTHER SERVICES: PROGRAM SERVICE EXPENSES 784,855. MANAGEMENT AND GENERAL EXPENSES 26,356. FUNDRAISING EXPENSES 17,890. TOTAL EXPENSES 829,101. |
Comments