2016-05-13T12:52:00-05:00 2015-06-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2014-07-01 131628183 NATIONAL ACADEMY OF DESIGN NATI 2123694880 1083 FIFTH AVENUE NEW YORK NY 10128 MICHAEL MCKAY INTERIM DIRECTOR OF FINANCE 2123694880 2016-05-11 1 FREDERICK MARTENS P00298107 2126972299 2014 2016-08-17 19:52:53Z NATIONAL ACADEMY MUSEUM AND SCHOOL PAUL GROSS 1083 FIFTH AVENUE NEW YORK NY 10128 21707930 0 X WWW.NATIONALACADEMY.ORG X 1825 NY 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. 20 20 95 25 0 0 2376323 3674504 1642054 1604853 1649351 1072130 110001 24717 5777729 6376204 101900 114500 0 0 2955445 2856837 191102 128000 825136 3960088 3108311 7208535 6207648 -1430806 168556 22026675 22095108 2097153 2817346 19929522 19277762 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 0 2090034 24000 60689 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. 2354134 90500 1566526 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. 4444168 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 95 0 1 95 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 NY X FINANCE DIRECTOR 2123694880 1083 FIFTH AVENUE NEW YORK NY 10128 DAVID KAPP CHAIR 10.00 X X 0 0 0 BRUCE FOWLE PRESIDENT 7.00 X X 0 0 0 DEVEN PAREKH TREASURER 4.00 X X 0 0 0 STEPHANIE TERELAK BENENSON GOVERNOR 2.00 X 0 0 0 ROBERT BERLIND GOVERNOR 2.00 X 0 0 0 WILLARD BOEPPLE GOVERNOR 2.00 X 0 0 0 VERONICA BULGARI GOVERNOR 2.00 X 0 0 0 NANCY FRIESE GOVERNOR 2.00 X 0 0 0 BUZZY GEDULD GOVERNOR 2.00 X 0 0 0 GAYLE GROSS GOVERNOR 2.00 X 0 0 0 PAUL GROSS GOVERNOR 2.00 X 0 0 0 BARBARA GROSSMAN GOVERNOR 2.00 X 0 0 0 PATRICIA L HORING GOVERNOR 2.00 X 0 0 0 JULIE HEFFERNAN GOVERNOR 2.00 X 0 0 0 HENRY JUSTIN GOVERNOR 2.00 X 0 0 0 RICHARD KALINA GOVERNOR 2.00 X 0 0 0 EUGENE KOHN GOVERNOR 2.00 X 0 0 0 ANTHONY PANZERA GOVERNOR 2.00 X 0 0 0 WILLIAM PEDERSEN GOVERNOR 2.00 X 0 0 0 JAMES SIENA GOVERNOR 2.00 X 0 0 0 FREDERICA WALD GOVERNOR 2.00 X 0 0 0 TERESA WATERMAN GOVERNOR 2.00 X 0 0 0 CARMINE BRANAGAN DIRECTOR 40.00 X 285661 0 26203 JOHN SCHERF DIR. OF FINANCE & ADMIM (7/14-6/15) 40.00 X 91785 0 1698 MICHAEL W MCKAY DIR. OF FINANCE & ADMIN (6/15) 40.00 X 19902 0 3402 MAURIZIO PELLEGRIN SCHOOL DIRECTOR 40.00 X 153155 0 31793 550503 0 63096 3 0 1 0 UNIVERSAL PROTECTION SERVICE 26375 NETWORK CHICAGO IL 60673 SECURITY 256614 SOHO CONTRACTING PO BOX 93 NEW YORK NY 10013 GENERAL CONTRACTOR 158500 CORP OF THE FINE ARTS MUSEUMS 50 HAGIWARA TEA GARDEN DR SAN FRANCISCO CA 94118 MUSEUM EXHIBITION 155936 PHILLIPS DIVERSIFIED LLC 28 RAILROAD AVENUE - SUITE 4B WARWICK NY 10990 CLEANING 124196 MASTERPIECE INTERNATIONAL LTD 39 BROADWAY - SUITE 1410 NEW YORK NY 10006 FINE ART SHIPPING 113044 6 514312 16185 3144007 381828 3674504 TUITION/EDUCATION FEES 611600 1566526 1566526 ADMISSIONS 712110 38327 38327 1604853 426025 426025 1902 1902 15913049 15266944 646105 646105 646105 64782 514312 64782 0 2023 0 2023 2023 MISCELLANEOUS 900099 20339 20339 RIGHTS & REPRODUCTION 900002 453 453 20792 6376204 1627215 0 1074485 X 114500 114500 419347 181336 177566 60445 1949286 1401940 221510 325836 30692 17561 8928 4203 202606 127579 40006 35021 254906 176470 43563 34873 28734 28734 24911 24911 128000 128000 61684 61684 829101 784855 26356 17890 168986 168011 650 325 194293 117843 53724 22726 101902 50834 32677 18391 638576 584139 36345 18092 30095 25129 4836 130 184744 64686 2488 117570 12204 12204 394397 346458 32240 15699 86605 25452 61153 FINE ART SHIPPING 141565 141565 MISCELLANEOUS EXPENSES 98069 66575 30543 951 FINANCIAL/PAYROLL FEES 79027 39658 38226 1143 PRINTING 33418 9577 23841 6207648 4444168 938344 825136 675747 146705 288132 288132 511558 2006498 56984 146426 25698 21501 7838842 3610775 4530923 4228067 15921208 15240894 16425 16885 22026675 22095108 782227 495509 161712 125815 1043103 1153214 1152919 2097153 2817346 X 8570972 7888140 6165986 6236405 5192564 5153217 19929522 19277762 22026675 22095108 168556 -820316 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 10754892 85556 234063 10606385 9653870 1223115 122093 10754892 8861679 916601 124410 9653870 9014508 100000 -250567 2262 8861679 7941917 35610 1426142 389161 9014508 0.00000 0.48560 0.51440 0 0 1039958 1039958 610771 610771 0 5643010 2563254 3079756 444103 352583 91520 101000 84167 16833 4228067 DUE TO INCORPORATED EDWIN AUSTIN ABBEY MEMORIAL SCHOLARSHIP FUND 1152919 1152919 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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 X X X X X X X 1 CATHY MCNAMARA INC 1325 SIXTH AVENUE FL 27 NEW YORK NY 10019 GALA CONSULTANT 0 579094 40000 539094 TESS O'DWYER 350 WEST 57TH STREET 9G NEW YORK NY 10019 FUNDRAISING CONSULTANT 0 0 60000 0 BRYONY ROMER 439 2ND STREET 5 BROOKLYN NY 11215 GRANTWRITER 0 0 13000 0 RESILIENT PHILANTHROPY PO BOX 1919 WINTER PARK FL 32790 FUNDRAISING CONSULTANT 0 0 15000 0 579094 128000 539094 NY SPRING GALA 579094 514312 64782 64782 579094 514312 64782 64782 64782 0 1 ARTIST PRIZES 4 24000 SCHOLARSHIPS 26 86600 VALUE OF TUITION FORGONE CREDIT AGAINST CLASS TUITION STUDENT PRIZES 5 3900 PART I, LINE 2: 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. X X 0 0 0 0 0 0 0 0 0 CARMINE BRANAGAN DIRECTOR 285661 0 0 0 0 0 14538 0 11665 0 311864 0 0 0 MAURIZIO PELLEGRIN SCHOOL DIRECTOR 153155 0 0 0 0 0 4250 0 27543 0 184948 0 0 0 X 38 75416 AUCTION PROCEEDS X 6 306412 FAIR MARKET VALUE 0 0 1 0 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.