2026-05-07T09:29:40-07:00 2025-06-30 990 2024-07-01 131624012 The Frick Collection FRIC 2122880700 1 East 70th Street New York NY 10021 Michael J Paccione COO/CFO & ASST TREAS 2026-05-07 true 2024 2025-03-06 01:10:19Z Axel Ruger 1 East 70th Street New York NY 10021 193557175 false X www.frick.org X 1920 NY The Frick Collection (the "Collection") operates an internationally recognized art museum and library program for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. 23 23 278 939986 938986 30439383 25731615 1482909 4395619 76842391 22355382 1654836 87905 110419519 52570521 0 0 23317138 27180842 0 6053570 7465954 18184130 30783092 45364972 79636427 7205549 695604881 687865237 127904702 100776310 567700179 587088927 The Frick Collection (the "Collection") operates an internationally recognized art museum and library program for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. false false 20164696 Museum Program: The Collection maintains and conserves over 1,800 works of art as part of its permanent art collection and the historic interiors of the Gilded Age mansion that houses them. The permanent art collection is made accessible to the public through exhibitions, research, and publications, as well as an array of education programs. Attendance during the 2024 tax year was approximately 172,000 visitors. See Schedule O for additional information. 5739246 Library Program: The mission of the Frick Art Research Library is to provide public access to materials and programs focused on the study of fine and decorative arts created in the European tradition from the fourth through the twentieth century, as well as art from around the world that has been influenced by or had an influence on this tradition. The library serves an international research community and supports scholarly and programmatic initiatives throughout The Frick Collection. The Library provided on-site and remote services for all of the 2024 tax year by welcoming 1,666 visitors, answering 732 research questions in person, answering 517 research questions by email, and filing 107 interlibrary loan and 225 document delivery requests. See Schedule O for additional information. 25903942 true true false false false false false true false true true true false false true true true false false false true false false false true false false false false true false false false false false false false false true true false false false false false false false true 25 0 true 278 true true true false false false false true true false 0 false false false false false false false X 23 23 false false false false false false false true true false false false true true true true true true true false CA CT FL IL MA MD MI NJ NY PA X X Michael J Paccione 2122880700 1 East 70th Street New York NY 10021 Ian Wardropper Dir thru 2/25 35.00 0.00 X 983128 0 67641 Joseph Shatoff Deputy Dir & COO thru 2/25 35.00 0.00 411276 0 69446 Tia Chapman Deputy Director of External Affairs 35.00 0.00 375116 0 58996 Michael Paccione CFO& Asst Treas 0.00 0.00 X 328746 0 37615 Alexis Sandler GC & Asst Secr 35.00 0.00 X 306235 0 58772 Xavier Salomon Peter Jay Sharp Chief Curator 35.00 0.00 312117 0 45252 Carolyn Straub Ass. Dir. Cap Proj 35.00 0.00 246047 0 48922 Stephen Bury A.W. Mellon Chief Librarian 35.00 0.00 219580 0 35764 Dana Winfield Chief HR Officer 35.00 0.00 203630 0 48038 Angie Calderwood Asst Dir of Devlop 35.00 0.00 191635 0 31422 Megan Flynn Zinger Controller 35.00 0.00 183375 0 22827 Luisa Herrera Sen.Man.Spec. Proj 35.00 0.00 176450 0 20574 Heidi Rosenau Ass.Dir. of Commun 35.00 0.00 168023 0 20716 Virginia Barbato Trustee 1.00 0.00 X 0 0 0 Margot Bogert Trustee 1.00 0.00 X 0 0 0 Ayesha Bulchandani Trustee 1.00 0.00 X 0 0 0 Tai- Heng Cheng Trustee 1.00 0.00 X 0 0 0 Suzzara Durocher Trustee 1.00 0.00 X 0 0 0 Charles Estabrook Dane Trustee 1.00 0.00 X 0 0 0 R Bradford Evans Trustee 1.00 0.00 X 0 0 0 Elizabeth Eveillard Trustee & Chair 5.00 0.00 X X 0 0 0 Kathleen Feldstein Trustee & Secr 3.00 0.00 X X 0 0 0 Michael Horvitz Trustee&V.Chair 3.00 0.00 X X 0 0 0 Christian Keesee Trustee 1.00 0.00 X 0 0 0 Karen Gray- Krehbiel Trustee 1.00 0.00 X 0 0 0 Rafael Mason Trustee 1.00 0.00 X 0 0 0 Jane Moss Trustee 1.00 0.00 X 0 0 0 James Reibel Trustee 1.00 0.00 X 0 0 0 Charles Royce Trustee 1.00 0.00 X 0 0 0 Juan Sabater Trustee& Treas 3.00 0.00 X X 0 0 0 Stephen Schwarzman Trustee 1.00 0.00 X 0 0 0 Bernard Selz Trustee 1.00 0.00 X 0 0 0 Victoria Lea Smith Trustee 1.00 0.00 X 0 0 0 Alexa Davison Suskin Trustee 1.00 0.00 X 0 0 0 J Fife Symington IV Trustee 1.00 0.00 X 0 0 0 David Tobey Trustee 1.00 0.00 X 0 0 0 Axel Ruger Dir 3/1- 6/30 35.00 0.00 X 0 0 0 4105358 565985 53 false true false Sciame Construction LLC 14 Wall St 2nd FL New York NY 10005 Construction Management 49083420 West New York Restoration of CT Inc 1800 Boston Rd Bronx NY 104604909 Masonry 1654664 Beyer Blinder Belle 120 Broadway 20th Fl New York NY 10271 Architect 1336447 Fine Art Services & Transport 37-13 Greenpoint Ave LIC NY 11101 Transport Services 943064 Selldorf Architects 860 Broadway Fl 2 New York NY 10003 Architect 859403 49 4305284 3904187 220270 17301874 13948344 25731615 Admissions 712110 3052208 3052208 Concert Ticket Sales 711130 62424 62424 Education Programs 611600 26845 26845 Membership Dues 712110 1254142 1254142 4395619 1896980 682181 1214799 0 7982 7982 0 160239635 139781233 20458402 20458402 20458402 278850 3904186 735946 -457096 -457096 0 1006494 469475 537019 279214 257805 0 52570521 4682815 939986 21216105 0 0 0 0 3139828 624128 1845646 670054 0 17261274 6190346 9521900 1549028 922291 556378 228574 137339 4205083 2536742 1042157 626184 1652366 996800 409510 246056 0 1027624 619920 254679 153025 150953 91063 37411 22479 0 0 1960734 1960734 0 77797 77797 1090129 372892 607637 109600 102293 61708 25352 15233 0 1394474 1394474 457402 236852 163892 56658 0 0 14567 14567 0 7565525 4563950 1874984 1126591 590858 590858 Exhibition & Conservation Cost 3779196 3758704 16264 4228 Service & System Contracts 1540030 352944 1136651 50435 Membership Benefits 1224778 1224778 Bank & Credit Card Charges 380913 160647 76691 143575 -3173143 4780868 -7872318 -81693 45364972 25903942 13407460 6053570 0 16694451 19353316 31669564 13930238 0 0 0 0 975579 1396620 5181264 9470845 392918011 53294267 300399477 339623744 81806668 93707457 256700771 197386561 0 0 2177107 12996456 695604881 687865237 19003300 8282959 108901402 92493351 127904702 100776310 X 307340482 508930493 260359697 78158434 567700179 587088927 695604881 687865237 7205549 12183199 X false true X true false X 15235597 32859395 23069110 30349356 25758783 127272241 0 0 15235597 32859395 23069110 30349356 25758783 127272241 21646803 105625438 1652686 5021130 1648462 3893737 1904962 14120977 0 0 141393218 0.74700 0.61780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 348164481 1100000 33857132 85135848 1716040 296269725 338528532 398476 24631574 13834582 1559519 348164481 329671083 1009861 26313119 17252452 1213079 338528532 362249426 1600000 -12631207 20412064 1135072 329671083 313637294 98949785 49224813 1112840 362249426 0.75200 0.14700 0.10100 false false false 776088 776088 5662166 5662166 365320785 29341613 335979172 16006764 13361390 2645374 5152208 4929098 223110 339623744 197386561 Accrued Postretirement Welfare Benefits 8016512 Loan Payable 84476839 92493351 X 63037680 12183199 12183199 50854481 1716040 1716040 52570521 44854353 44854353 1716040 -1205421 510619 45364972 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o In accordance with elections made under Statement of Financial Accounting Standard No. 116 (SFAS 116), the Collection does not include either the cost or the value of its collections on its statement of financial position, nor does it recognize gifts of collection items as revenues in its statement of activities. Collection items are considered works of art, historical treasures, general research collections, and similar assets held for public exhibition, education, or research in furtherance of public service rather than financial gain. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Frick Collection was established by Pittsburgh industrialist Henry Clay Frick, who, upon his death in 1919, bequeathed his New York residence (since designated a National Historic Landmark) and remarkable collection of European paintings, sculpture and decorative arts for the enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. The Frick Art Reference Library of the Collection was established in 1920 by Frick's daughter, Helen Clay Frick. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the 4th to the mid-20th centuries by European and American artists, and its archival materials and special collections augment the research collections with documents pertaining to the history of collecting art and of Frick's collecting in particular. The Collection's mission is to preserve and display for the public Frick's art collection in a domestic setting and to augment the Collection's art holdings; to provide access, understanding and enjoyment of the art collection to the public through special exhibitions, publications, public education programs, and research; to offer the visiting public an engaging view of life in the Gilded Age; and to serve as a center for research and to stimulate scholarship in the history of art. Part V, Line 4: Intended uses of the endowment fund. The aggregate endowment funds of The Frick Collection are the foundation of the institution. The endowments ensure the Frick's continued vitality by providing a consistent flow of funds that support all programatic, facility and related administrative costs of the organization. Part X : FIN48 Footnote The Collection recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the Collection has no uncertain tax positions that would require financial statement disclosure. The Collection is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2022. Cntrl Amer.& Caribbean 0 0 Investment 72242965 Europe 0 0 Program Services Research/ Exhibitions 35000 72277965 72277965 true false true false true false Part I, Line 3f - Method of Accounting Expenditures are accounted for on a U.S. dollar basis. Part I, Line 3f - Investments and Expenditures The Collection has investments in funds that maintain headquarters located in the Caribbean and Central America. X X X X X X false CA CT DC FL IL MA MD MI NC NJ NY OH PA VA Opening Gala 3620627 3449027 171600 460174 Young Fellow's Ball 562409 455159 107250 275772 4183036 3904186 278850 735946 735946 -457096 X X true true X X X X X X true false false false false false false false false Alexis Sandler GC & Asst Secr 306235 36600 22172 365007 Angie Calderwood Asst Dir of Devlop 186635 5000 22396 9026 223057 Carolyn Straub Ass. Dir. Cap Proj 221047 25000 26526 22396 294969 Dana Winfield Chief HR Officer 203630 24436 23602 251668 Heidi Rosenau Ass.Dir. of Commun 168023 20163 553 188739 Ian Wardropper Dir thru 2/25 803128 180000 36600 31041 1050769 Joseph Shatoff Deputy Dir & COO thru 2/25 311276 100000 36600 32846 480722 Luisa Herrera Sen.Man.Spec. Proj 171450 5000 20574 197024 Megan Flynn Zinger Controller 183375 22005 822 206202 Michael Paccione CFO& Asst Treas 328746 36600 1015 366361 Stephen Bury A.W. Mellon Chief Librarian 219580 26350 9414 255344 Tia Chapman Deputy Director of External Affairs 350116 25000 36600 22396 434112 Xavier Salomon Peter Jay Sharp Chief Curator 312117 36600 8652 357369 Part I, Line 1a: Relevant information in regards to selections on 1a. Pursuant to a written employment agreement with the Director and Chief Executive Officer (the "Director"), the Collection provided a housing allowance. The housing allowance was part of the Directors compensation, as reviewed and approved by the Board of Trustees, and the value of this benefit was treated as taxable compensation. In addition, travel expenses for the Director's spouse are reimbursed when such travel is determined to be for a bona fide business purpose. X 1 X X 28 13948344 Photoarchives 3 false false false Form 990, Part VI, Section B, Line 11b The Board of Trustees has delegated to the Audit Committee responsibility for oversight of the preparation and filing of the Form 990. The Audit Committee accordingly meets for the purpose of reviewing and commenting on a draft version of the Form 990 prior to filing. After the Form 990 is approved by the Audit Committee, a copy of the final return (without Schedule B, which is redacted to protect donor privacy) is made available to each member of the Board of Trustees before it is filed. The Form 990 additionally is reviewed by management prior to filing. Form 990, Part VI, Section B, Line 12c The Collections conflict of interest policy covers each member of the Board of Trustees, officer, key employee, other key person, and member of any committee of the Board of Trustees of the Collection (collectively "covered persons"). Each covered person makes annual written disclosures regarding entities known to do business with the Collection and in which the covered person or a family member of the covered person has a financial, ownership, personal, professional or organizational interest or affiliation. The completed disclosure statements are reviewed by the Collection's General Counsel and the chair of the Audit Committee. The policy additionally requires covered persons to disclose potential conflicts of interest as they arise, or become known to the covered person, to the Chair of the Board if the transaction will be considered for approval by the Board of Trustees, or, if the matter will come before a Committee of the Board, the relevant committee chair. The Chair or relevant committee chair reports the potential conflict to the chair of the Audit Committee and the General Counsel for evaluation and determination of whether an actual conflict of interest exists. Members of the Audit Committee may be consulted in making the determination, and, in any case, all disclosures and resulting determinations are reported to the Audit Committee. If it is determined that an actual conflict of interest exists, the Board of Trustees or committee, as applicable, is notified. If a covered person discloses a potential conflict of interest at a meeting during which the Board or committee is expected to take action on the matter, an actual conflict of interest is presumed under the policy. A transaction involving a conflict of interest for a covered person must be approved by only those Trustees or committee members who do not have a conflict with respect to the transaction. The covered person may not vote on the transaction or be present or participate in deliberations on the transaction, except that the covered person may present information concerning the transaction if so requested by the Board or relevant committee. Form 990, Part VI, Section B, Line 15b The Compensation Committee of the Board of Trustees recommends the compensation of the Director and Chief Executive Officer (the "Director") to the full Board of Trustees for its review and approval. The Compensation Committee also is responsible for setting the compensation of key employees and other employees who may serve as officers of the Collection, based on the recommendations of the Director. The positions for which this procedure is followed are the the Chief Financial Officer and Assistant Treasurer; the General Counsel and Assistant Secretary; Deputy Director and Chief Operating Officer; the Chief Curator; the Deputy Director for External Affairs; Chief Human Resources Officer; and the Chief Librarian. In determining the reasonableness of compensation paid to each of the foregoing individuals, the Compensation Committee, and the Board of Trustees in the case of the Director, reviews comparability data available for peer organizations, including Forms 990 and published compensation surveys. The compensation analysis is undertaken annually, and the most recent review for each individual holding the positions listed above was undertaken in the 2021 tax year. The compensation committee additionally engaged an independent compensation consultant in the 2021 tax year to conduct a compensation survey for the position of Director and Chief Executive Officer. Form 990, Part VI, Section C, Line 19 The Collection was incorporated by act of the New York State legislature, and its charter therefore is a public document. The charter also has been published by the Collection. A copy of the Collection's audited financial statements may be obtained by written request to the Collection. Portions of the audited financial statements, such as the statement of financial position and the statement of activities, are reproduced in the Collection's Annual Report, which is available on the Collection's website. The Collections bylaws and conflict of interest policy are not generally available to the public. Form 990, Part III, Line 4A- Program Service Accomplishments Museum Program (continued)Education Programs: Education Programs: The Collection organized a total of 60 programs during the 2024 tax year serving approximately 69,815 total individuals. These included online programs held on Zoom and Instagram Live as well as in-person programs held at The Frick Collection and offsite at a public library in Bed-Stuy, Brooklyn. The Collection provided guided visits for students in grades 5 through 12, college and university students, seniors and community organizations, as well as private tour groups. Public programs held online included "Continue the Conversation", "Drawing Together", Making Together, and "Tabletop Atelier" held on Instagram Live. In-person programming consisted of Gallery Talks, lectures, a hybrid graduate student symposium, "Sketch Nights", Studio Series, Studio Hours, and "First Look" talks in special exhibition galleries. Form 990, Part IX, Line 24a Program services, management and fundraising expenses include non-operating costs, a considerable portion of which are related to pension and other post-retirement benefits. These actuarially-calculated costs have a significant impact on the classification of functional expenses and their relative totals. Form 990, Part VI, Line 1a- Executive Committee The Board of Trustees has appointed an Executive Committee with the authority to exercise, during the intervals between regularly scheduled meetings of the Board of Trustees, all of the powers of the Board, except that the Executive Committee may not amend or repeal the bylaws of the Collection or adopt new bylaws; fill vacancies in the Board of Trustees or in any Committee; or amend or repeal any resolution of the Board of Trustees which by its terms is not amendable or repealable; to fix the compensation of Trustees, if any, for serving on the Board or any committee; to elect or remove Officers or Trustees; to approve a merger or plan of dissolution; to approve the sale, lease, exchange or other disposition of art or substantially all the assets of The Collection; or to ammend the charter of The Collection. The Executive Committee consists of the following members with voting rights: the Chair, the Vice Chair, the Secretary, and the Treasurer of the Collection, as well as such other Trustees as are recommended by the Chair and elected by the Board, in accordance with the Collections bylaws. The Director and Chief Executive Officer of the Collection is a nonvoting member of the Executive Committee.