2014-01-15T09:35:30-06:00 2013-06-30 450494838 FRIED AND KOWGIOS PARTNERS CPA'S LLP 441 LEXINGTON AVENUE NEW YORK NY 10017 990 2012-07-01 132887872 THE DRAWING CENTER INC DRAW 2122192166 35 WOOSTER STREET NEW YORK NY 10013 BRETT LITTMAN 2122192166 2014-01-17 1 P01461372 2124902200 2012 2015-11-30 17:44:51Z BRETT LITTMAN 35 WOOSTER STREET NEW YORK NY 10013 1722863 0 X WWW.DRAWINGCENTER.ORG X 1976 NY PROMOTES THE SIGNIFICANCE OF DRAWINGS THROUGH EXHIBITIONS, PUBLICATIONS, AND EDUCATION. 17 17 22 6 0 0 5837569 1490122 27410 103820 2349 13835 0 0 5867328 1607777 0 0 0 0 627516 887422 0 0 296226 581307 1121721 1208823 2009143 4658505 -401366 13445350 12582606 3279668 2782323 10165682 9800283 X THE DRAWING CENTER WAS ESTABLISHED TO DEMONSTRATE THE SIGNIFICANCE AND DIVERSITY OF DRAWINGS THROUGHOUT HISTORY, TO JUXTAPOSE WORK BY MASTER FIGURES WITH WORK BY EMERGING AND UNDER-RECOGNIZED ARTISTS, AND TO STIMULATE PUBLIC DIALOGUE ON ISSUES OF ART AND CULTURE. 0 0 1111091 103820 THE DRAWING CENTER ATTRACTS MORE THAN 35,000 VISITORS A YEAR, INCLUDING LOCAL AUDIENCES, ARTISTS, STUDENTS, AND TOURISTS FROM ACROSS AMERICA AND ABROAD. THE ORGANIZATION'S ANNUAL EXHIBITION PROGRAM COMPRISES FIVE TO EIGHT 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, AND MAJOR EXHIBITIONS ARE SUPPORTED BY SCHOLARLY CATALOGS. THE DRAWING CENTER'S WEBSITE ATTRACTS MORE THAN 166,000 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 THE CENTER'S ARTIST REGISTRY AND VIEWING PROGRAM, WHICH OFFERS PORTFOLIO REVIEWS FOR EMERGING ARTISTS, AND THROUGH WHICH THE CENTER CURATES ANNUAL GROUP EXHIBITIONS. 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.THE ORGANIZATION'S EXHIBITION SPACE WAS CLOSED FROM JULY 2011 THROUGH NOVEMBER 2012 DURING THE CONSTRUCTION. DURING THAT PERIOD, THE ORGANIZATION RENTED TEMPORARY OFFICE SPACE OFF SITE AND CO-PRODUCED SEVERAL OFFSITE EXHIBITIONS. STAFF RETURNED TO THE RENOVATED SPACE AT 35 WOOSTER STREET IN AUGUST 2012 AND THE EXHIBITION SPACE WAS OPERATIONAL STARTING IN NOVEMBER 2012. 1111091 1 1 0 0 0 0 0 1 0 1 1 0 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 8 0 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 17 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 2.00 X X 0 0 0 ERIC RUDIN 2.00 X X 0 0 0 JANE DRESNER SADAKA 2.00 X X 0 0 0 DITA AMORY 2.00 X X 0 0 0 STEVEN HOLL 2.00 X 0 0 0 ANITA CONTINI 2.00 X 0 0 0 BRUCE FERGUSON 2.00 X 0 0 0 DAVID LANG 2.00 X 0 0 0 IRIS MARDEN 2.00 X 0 0 0 KENNETH SILVER 2.00 X 0 0 0 PAT STEIR 2.00 X 0 0 0 STACEY GOERGEN 2.00 X X 0 0 0 DR ALLEN SESSOMS 2.00 X 0 0 0 GEORGE NEGROPONTE 2.00 X 0 0 0 BARBARA TOLL 2.00 X 0 0 0 ISABEL WILCOX 2.00 X 0 0 0 CANDACE WORTH 2.00 X 0 0 0 BRAD CLOEPFIL 2.00 X 0 0 0 RHIANNON KUBICKA 2.00 X 0 0 0 MERRILL MAHAN 2.00 X 0 0 0 NANCY POSES 2.00 X 0 0 0 BRETT LITTMAN 40.00 X 195919 0 14642 195919 0 14642 1 0 1 0 RYAN ASSOCIATES GENERAL CONTRACTORS 333 12TH STREET SAN FRANCISCO CA 94103 CONTRACTOR 4871449 ROXY LAB LLC 20 JAY STREET SUITE 902 BROOKLYN NY 11201 ARCHITECT 217344 AUDIO VIDEO & CONTROLS 25 PARK PLACE 2ND FLOOR NEW YORK NY 10007 ART SERVICES 187347 WXY ARCHITECTURE & URBAN DESIGN 224 CENTRE STREET 5TH FLOOR NEW YORK NY 10013 ARCHITECT 128941 4 684253 145258 660611 4979 1490122 MISCELLANEOUS REVENUE 900099 43102 43102 PUBLICATION SALES 511190 32280 32280 EXHIBITION REVENUE 900099 28438 28438 103820 13848 13848 4966 4979 -13 -13 -13 110107 684253 110107 0 1607777 103820 0 13835 214747 75161 107374 32212 547821 333039 83801 130981 25008 13542 6250 5216 39177 21216 9790 8171 60669 32853 15162 12654 34475 34475 101202 94258 5507 1437 118241 57293 60312 636 270850 186790 50206 33854 107628 73435 26243 7950 32914 24596 8252 66 83091 930 82161 144411 66165 51794 26452 52488 35847 12655 3986 REPAIRS AND MAINTENANCE 99469 64999 27226 7244 PRODUCTION EXPENSE 34850 30011 4839 INDIRECT BENEFIT EXP 24262 24262 BANK AND PAYROLL CHARGE 11323 165 11158 6517 791 4621 1105 2009143 1111091 601826 296226 920240 228689 1951996 8027 1267438 326962 28871 143612 31690 36262 61786 25459 12488844 1297254 8610726 11191590 564040 615985 8563 6020 13445350 12582606 1029449 77277 8688 2500 525000 2216949 2147428 24582 30118 3279668 2782323 X 4055508 9029033 5475396 136472 634778 634778 10165682 9800283 13445350 12582606 -401366 35967 0 X X 0 1 X 1 1 1 X 1442183 1456112 3196189 5837569 1490122 13422175 1442183 1456112 3196189 5837569 1490122 13422175 1411870 12010305 15571 186 47384 2349 13848 79338 13501513 284813 0.88960 0.89420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X BENEFIT EVENT AUCTION 1 634778 634778 784778 150000 634778 2574800 1790022 784778 2574800 2574800 2574800 2574800 1.00000 0 0 180000 180000 11808951 1042476 10766475 362434 159762 202672 137459 95016 42443 11191590 VACATION ACCRUAL 30118 30118 X 1762649 35967 118905 154872 1607777 0 1607777 2128048 118905 118905 2009143 0 2009143 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS AS OF JUNE 30, 2013 WERE RESTRICTED FOR THE "FUND FOR THE FUTURE" CAMPAIGN ($589,778) AND UNRESTRICTED ($45,000). IN 1999 THE ORGANIZATION LAUNCHED A CAPITAL AND ENDOWMENT FUNDRAISING CAMPAIGN CALLED THE "FUND FOR THE FUTURE". "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. DURING THE YEAR ENDED JUNE 30, 2012 A DONOR AGREED TO RELEASE $150,000 FROM THE FUND FOR THE FUTURE ENDOWMENT, WHICH WAS USED TO COVER COSTS ASSOCIATED WITH THE ORGANIZATIONS CAPITAL PROJECT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 467610 380707 86903 63840 23063 ANNUAL AUCTION 326750 303546 23204 17238 5966 794360 684253 110107 81078 29029 110107 0 1 X X X X X 0 0 0 0 0 0 0 0 0 BRETT LITTMAN 175919 0 20000 0 0 0 0 0 14642 0 210561 0 0 0 ERIC RUDIN BOARD CAPITAL X 500000 300000 0 1 1 JANE DRESNER SADAKA BOARD CAPITAL X 75000 75000 0 1 1 FREDERIC NANCY POSES BOARD CAPITAL X 100000 100000 0 1 1 FRANCES BEATTY ADLER BOARD CAPITAL X 50000 50000 0 1 1 525000 CHLOE WILCOX DAUGHTER OF ISABEL WILCOX (BOARD MEMBER) 14826 EMPLOYEE SALARY 0 X 51 NOT DETERMINABLE X 1 4979 FAIR MARKET VALUE 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: THE ORGANIZATION RECEIVED DONATED ARTWORK DURING THE YEAR ENDED JUNE 30, 2013 IN SUPPORT OF ITS FUNDRAISING AUCTION AND PUBLICATION PROGRAMS. DONATED ARTWORK ASSOCIATED WITH THE ORGANIZATION'S FUNDRAISING AUCTION (APPROXIMATELY 51 CONTRIBUTORS)HAS NOT BEEN 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, ALL OTHERS UPON REQUEST FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.