2016-03-15T00:00:00-05:00 2015-06-30 450494838 FRIED AND KOWGIOS PARTNERS CPA'S LLP 441 LEXINGTON AVENUE NEW YORK NY 10017 990 2014-07-01 132887872 THE DRAWING CENTER INC DRAW 2122192166 35 WOOSTER STREET NEW YORK NY 10013 BRETT LITTMAN EXECUTIVE DIRECTOR 2122192166 2016-03-16 1 P01461372 2124902200 2014 2016-08-17 19:52:53Z BRETT LITTMAN 35 WOOSTER STREET NEW YORK NY 10013 2432197 0 X WWW.DRAWINGCENTER.ORG X 1976 NY PROMOTES THE SIGNIFICANCE OF DRAWINGS THROUGH EXHIBITIONS, PUBLICATIONS, AND EDUCATION. 18 17 36 9 0 0 1963579 1816608 104999 110098 29862 64071 0 0 2098440 1990777 0 0 0 0 966633 1000860 0 0 312689 1388996 1309101 2355629 2309961 -257189 -319184 12297163 11606434 2695896 2383714 9601267 9222720 X THE DRAWING CENTER, A MUSEUM IN MANHATTAN'S SOHO DISTRICT, EXPLORES THE MEDIUM OF DRAWING AS PRIMARY, DYNAMIC, AND RELEVANT TO CONTEMPORARY CULTURE, THE FUTURE OF ART, AND CREATIVE THOUGHT. ITS ACTIVITIES, WHICH ARE BOTH MULTIDISCIPLINARY AND BROADLY HISTORICAL, INCLUDE EXHIBITIONS; OPEN SESSIONS, A CURATED ARTIST PROGRAM ENCOURAGING COMMUNITY AND COLLABORATION; THE DRAWING PAPERS PUBLICATION SERIES; AND EDUCATION AND PUBLIC PROGRAMS. 0 0 1518210 110098 THE DRAWING CENTER ATTRACTS MORE THAN 35,000 VISITORS A YEAR, INCLUDING LOCAL AUDIENCES, ARTISTS AND ARTS PROFESSIONALS, STUDENTS, AND TOURISTS FROM ACROSS AMERICA AND ABROAD. THE ORGANIZATION'S ANNUAL EXHIBITION PROGRAM COMPRISES NINE TO TWELVE GROUP AND SOLO SHOWS FEATURING WORK IN THE DRAWING MEDIUM BY EMERGING, UNDER-RECOGNIZED, ESTABLISHED, AND HISTORICAL ARTISTS. EACH OF THE CENTER'S EXHIBITIONS IS ACCOMPANIED BY AN ISSUE OF THE AFFORDABLE DRAWING PAPERS PUBLICATION SERIES. THE DRAWING CENTER'S WEBSITE ATTRACTS MORE THAN 232,000 VISITS ANNUALLY, AND SERVES AS A CLEARING HOUSE FOR INFORMATION ON DRAWING AS A MEDIUM, INCLUDING CAPSULE REVIEWS OF OTHER INSTITUTION'S EXHIBITIONS AND A LIVELY BLOG. SERVICES TO ARTISTS ARE PROVIDED THROUGH AN INITIATIVE CALLED OPEN SESSIONS, WHICH SERVES 53 ARTISTS ANNUALLY. IT PROVIDES THEM THE OPPORTUNITY, WITH THE SUPPORT OF DRAWING CENTER CURATORIAL STAFF, TO DEVELOP PROGRAMMING IN THE CENTER'S SPACE. DURING THE COURSE OF THE OPEN SESSIONS 2 YEAR PROGRAM, STAFF CURATES GROUP EXHIBITIONS FROM AMONG THESE ARTISTS. AUDIENCES ARE FURTHER ENGAGED THROUGH A RANGE OF PUBLIC PROGRAMS, INCLUDING GALLERY TALKS, LECTURES, PANEL DISCUSSIONS, AND LITERARY READINGS. THE CENTER'S EDUCATION PROGRAMS INCLUDE FREE ON-SITE AND IN-SCHOOL PROGRAMS FOR STUDENTS IN GRADES K-12 AND AN INTERNSHIP PROGRAM FOR COLLEGE STUDENTS. 1518210 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 12 0 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X CHAMP KNECHT DEPUTY DIRECTOR FOR ADMINISTRATION 2122192166 35 WOOSTER STREET NEW YORK NY 10013 FRANCES BEATTY ADLER BOARD MEMBER 6.00 X 0 0 0 ERIC RUDIN BOARD MEMBER 2.00 X 0 0 0 JANE DRESNER SADAKA BOARD MEMBER & CO-CHAIR 4.00 X X 0 0 0 DITA AMORY BOARD MEMBER & SECRETARY 4.00 X X 0 0 0 STEVEN HOLL BOARD MEMBER 2.00 X 0 0 0 ANITA CONTINI BOARD MEMBER 2.00 X 0 0 0 ANDREA CRANE BOARD MEMBER 2.00 X 0 0 0 IRIS MARDEN BOARD MEMBER 2.00 X 0 0 0 GALIA STAWSKI BOARD MEMBER 2.00 X 0 0 0 STACEY GOERGEN BOARD MEMBER & TREASURER 2.00 X X 0 0 0 BARBARA TOLL BOARD MEMBER 2.00 X 0 0 0 ISABEL WILCOX BOARD MEMBER 2.00 X 0 0 0 CANDACE WORTH BOARD MEMBER 3.00 X 0 0 0 BRAD CLOEPFIL BOARD MEMBER 2.00 X 0 0 0 RHIANNON KUBICKA BOARD MEMBER & CO-CHAIR 2.00 X X 0 0 0 FERGUSON BRUCE BOARD MEMBER 2.00 X 0 0 0 NANCY POSES BOARD MEMBER 2.00 X 0 0 0 DAVID SALLE BOARD MEMBER 2.00 X 0 0 0 BRETT LITTMAN EXECUTIVE DIRECTOR 40.00 X 193557 0 7394 193557 0 7394 1 0 1 0 0 685208 94035 1037365 160073 1816608 EXHIBITION REVENUE 900099 61952 61952 PUBLICATION SALES 511190 48108 48108 MISCELLANEOUS REVENUE 900099 38 38 110098 37197 37197 292726 265852 26874 26874 26874 175568 685208 175568 0 1990777 110098 0 64071 198868 79547 69604 49717 680439 471814 84762 123863 1116 699 196 221 53285 35024 8108 10153 67152 42057 11772 13323 20588 20588 6085 6085 112487 106073 4806 1608 96285 84152 12035 98 81860 56208 8250 17402 118326 82996 26473 8857 42739 31112 11441 186 103625 103625 298151 183609 56374 58168 45761 33196 9399 3166 REPAIRS AND MAINTENANCE 145972 101309 33466 11197 SHIPPING AND COURIERS 111061 111061 PRODUCTION EXPENSE 90512 89974 538 INDIRECT BENEFIT EXP 14627 14627 21022 9379 11540 103 2309961 1518210 479062 312689 325283 68346 35 36 225176 220720 68069 10266 46978 37141 20111 16028 12513844 1893560 10913460 10620284 697926 633488 125 125 12297163 11606434 204389 270529 7500 11917 375000 75000 2077388 2000197 31619 26071 2695896 2383714 X 8725215 8418948 241274 168994 634778 634778 9601267 9222720 12297163 11606434 -319184 -59363 0 X X 0 1 X 1 0 X 3196189 5837569 1490122 1963579 1816608 14304067 3196189 5837569 1490122 1963579 1816608 14304067 1996533 12307534 47384 2349 13848 24258 37197 125036 14429103 412154 0.85300 0.86550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X BENEFIT EVENT AUCTION 1 634778 634778 634778 634778 634778 634778 784778 150000 634778 2574800 1790022 784778 1.00000 0 0 180000 180000 11833951 1597277 10236674 362434 188208 174226 137459 108075 29384 10620284 MUTUAL FUNDS 633488 F 633488 VACATION ACCRUAL 26071 26071 X 1938774 -59363 13445 -45918 1984692 6085 6085 1990777 2317321 13445 13445 2303876 6085 6085 2309961 PART III, LINE 1A: THE ORGANIZATION HAS ACCUMULATED CERTAIN ARTWORK THAT HAS NOT BEEN REFLECTED IN THE FINANCIAL STATEMENTS SINCE THE FAIR MARKET VALUE IS NOT DETERMINABLE. PART III, LINE 4: AT TIMES THROUGHOUT THE YEAR THE ORGANIZATION MAINTAINED COLLECTIONS OF ARTWORK FOR EXHIBITION PURPOSES. THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROMOTE THE SIGNIFICANCE OF DRAWINGS THROUGH EXHIBITIONS, PUBLICATIONS, AND EDUCATION. PART V, LINE 4: "FUND FOR THE FUTURE" DONATIONS ARE ALLOCATED 25 % TO TEMPORARILY RESTRICTED FOR USE TOWARDS CAPITAL COSTS AND 75% TO PERMANENTLY RESTRICTED FOR ENDOWMENT. THE BOARD SPENDING POLICY LIMITS DISTRIBUTIONS TO REALIZED INVESTMENT EARNINGS. ANY EXCESS INVESTMENT EARNINGS ON THESE FUNDS WOULD BE TEMPORARILY RESTRICTED. ANY NET LOSSES REALIZED IN ANY YEAR WOULD FIRST BE APPLIED TOWARDS ANY CUMULATIVE EXCESS WITHIN TEMPORARILY RESTRICTED. ANY REMAINING NET LOSSES WOULD REDUCE UNRESTRICTED INCOME. PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. ANNUAL GALA 624749 476394 148355 98323 50032 ANNUAL AUCTION 236027 208814 27213 17042 10171 860776 685208 175568 115365 60203 175568 0 X X X X 0 0 0 0 0 0 0 0 0 BRETT LITTMAN EXECUTIVE DIRECTOR 173557 0 20000 0 0 0 0 0 7394 0 200951 0 0 0 ERIC RUDIN BOARD CAPITAL X 500000 75000 0 1 1 75000 HANNAH CLOEPFIL DAUGHTER OF BRAD CLOEPFIL (BOARD MEMBER) 12923 EMPLOYEE SALARY 0 X 43 NOT DETERMINABLE X 1 10073 MARKET VALUE X FORGIVENESS OF DEBT 3 150000 BOOK VALUE 0 1 0 PART I, LINE 33: THE ORGANIZATION RECEIVED DONATED ARTWORK DURING THE YEAR ENDED JUNE 30, 2015 IN SUPPORT OF ITS FUNDRAISING AUCTION AND PUBLICATION PROGRAMS. DONATED ARTWORK ASSOCIATED WITH THE ORGANIZATION'S FUNDRAISING AUCTION THERE WERE 43 CONTRIBUTORS AND THE ITEMS WERE SOLD. ITEMS HELD ARE NOT CAPITALIZED, AS ALLOWED UNDER FASB ASC 958-360. FORM 990, PART VI, SECTION B, LINE 11 DRAFT OF THE FORM 990 IS SENT TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUESTED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST CERTIFICATION AND FORM 990 DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 OFFICER'S COMPENSATION APPROVED BY BOARD BASED ON INDUSTRY STANDARD. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. FULL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE POSTED ON THE NEW YORK STATE CHARITIES BUREAU WEBSITE. FORM 990, PART XII, LINE 2C: THE BOARD HAS APPROVED THE AUDIT COMMITTEE FOR OVERSIGHT OF THE ANNUAL AUDIT.