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Nonprofiteer
← NEW MUSEUM OF CONTEMPORARY ART

Form 990 for tax year 2024

Filed by NEW MUSEUM OF CONTEMPORARY ART.

Totals

Total revenue
$25,693,478
Total expenses
$18,744,121
Contributions and grants received
$22,476,994
Grants paid
$0
Program service revenue
$1,805,751
Investment income
$639,267
Other revenue
$771,466
Total assets, end of year
$143,328,917
Total liabilities, end of year
$21,488,671
Net assets or fund balances, end of year
$121,840,246
Program services expenses (Part IX)
$15,115,036
Management and general expenses
$1,423,436
Fundraising expenses
$2,205,649
Program service expenses (Part III)
$15,115,036

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $19,994

  • 1c · Fundraising events

    $1,908,895

  • 1e · Government grants (contributions)

    $1,236,166

  • 1f · All other contributions, gifts and grants

    $19,311,939

  • 1g · Noncash contributions included above

    $488,301

  • 2a · Program service revenue: ADMISSIONS

    total $19,964 · related or exempt $19,964

  • 2b · Program service revenue: MEMBERSHIP COUNCILS

    total $1,595,471 · related or exempt $1,595,471

  • 2c · Program service revenue: INCUBATOR FEES

    total $190,316 · related or exempt $190,316

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $651,035 · excluded $651,035

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $86,941,739

  • 7b · Less cost or other basis and sales expenses

    securities $86,953,507

  • 7c · Gain or loss

    securities -$11,768 · other assets $0

  • 7d · Net gain or loss

    total -$11,768 · excluded -$11,768

  • 8a · Fundraising events: gross income

    $442,960

  • 8a · Fundraising events: contributions included on line 1c

    $1,908,895

  • 8b · Fundraising events: direct expenses

    $608,102

  • 8c · Net income from fundraising events

    total -$165,142 · excluded -$165,142

  • 10a · Gross sales of inventory

    $866,311

  • 10b · Cost of goods sold

    $28,573

  • 10c · Net income from sales of inventory

    total $837,738 · related or exempt $837,738

  • 11a · Other revenue: OTHER

    total $98,870 · excluded $98,870

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $98,870

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,301,461 · program services $1,729,617 · management and general $207,233 · fundraising $364,611

  • 7 · Other salaries and wages

    total $6,960,047 · program services $5,220,792 · management and general $626,915 · fundraising $1,112,340

  • 9 · Other employee benefits

    total $653,752 · program services $509,037 · management and general $58,503 · fundraising $86,212

  • 10 · Payroll taxes

    total $664,627 · program services $517,505 · management and general $59,476 · fundraising $87,646

  • 11b · Fees: legal

    total $164,560 · program services $150,542 · management and general $5,904 · fundraising $8,114

  • 11c · Fees: accounting

    total $58,799 · program services $53,790 · management and general $2,110 · fundraising $2,899

  • 11d · Fees: lobbying

    total $6,000 · program services $0 · management and general $0 · fundraising $6,000

  • 11f · Fees: investment management

    total $46,203 · program services $0 · management and general $46,203 · fundraising $0

  • 11g · Fees: other

    total $1,557,865 · program services $1,361,464 · management and general $44,580 · fundraising $151,821

  • 12 · Advertising and promotion

    total $26,254 · program services $23,513 · management and general $131 · fundraising $2,610

  • 13 · Office expenses

    total $1,117,476 · program services $966,127 · management and general $66,774 · fundraising $84,575

  • 14 · Information technology

    total $123,322 · program services $123,322

  • 16 · Occupancy

    total $1,373,817 · program services $1,290,445 · management and general $56,785 · fundraising $26,587

  • 17 · Travel

    total $288,882 · program services $185,958 · management and general $33,218 · fundraising $69,706

  • 19 · Conferences, conventions and meetings

    total $10,881 · program services $5,820 · management and general $2,460 · fundraising $2,601

  • 20 · Interest

    total $4,336 · program services $2,819 · management and general $1,083 · fundraising $434

  • 22 · Depreciation, depletion and amortization

    total $2,118,124 · program services $2,103,769 · management and general $10,254 · fundraising $4,101

  • 23 · Insurance

    total $280,543 · program services $178,216 · management and general $73,091 · fundraising $29,236

  • 24a · Other expenses: FABRICATION

    total $581,960 · program services $460,855 · management and general $0 · fundraising $121,105

  • 24b · Other expenses: HONORARIA

    total $198,273 · program services $195,895 · management and general $44 · fundraising $2,334

  • 24c · Other expenses: EXHIBITION

    total $42,670 · program services $29,441 · management and general $1,990 · fundraising $11,239

  • 24d · Other expenses: MEMBERSHIP CULTIVATION

    total $37,340 · program services $4,921 · management and general $1,238 · fundraising $31,181

  • 24e · All other expenses

    total $126,929 · program services $1,188 · management and general $125,444 · fundraising $297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,109,191 · end of year $236,302

  • 2 · Savings and temporary cash investments

    beginning of year $574,763 · end of year $368,113

  • 3 · Pledges and grants receivable

    beginning of year $8,735,924 · end of year $16,716,279

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $156,315 · end of year $157,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,020,644 · end of year $1,048,082

  • 10a · Land, buildings and equipment: cost or other basis

    $134,143,045

  • 10b · Land, buildings and equipment: accumulated depreciation

    $35,644,187

  • 10c · Land, buildings and equipment, net

    beginning of year $71,192,831 · end of year $98,498,858

  • 11 · Investments: publicly traded securities

    beginning of year $2,974,142 · end of year $3,322,654

  • 12 · Investments: other securities

    beginning of year $41,873,620 · end of year $21,940,678

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $1,016,595 · end of year $1,016,595

  • 15 · Other assets

    beginning of year $381,704 · end of year $23,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,410,905 · end of year $8,593,188

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $260,236 · end of year $286,216

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $7,395,001 · end of year $12,584,858

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $392,735 · end of year $24,409

  • 27 · Net assets without donor restrictions

    beginning of year $99,382,672 · end of year $99,446,005

  • 28 · Net assets with donor restrictions

    beginning of year $14,194,180 · end of year $22,394,241

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

A CENTER FOR EXHIBITIONS, INFORMATION, AND DOCUMENTATION ABOUT LIVING ARTISTS SINCE 1977, WHICH CONTINUES TO BE A PLACE OF EXPERIMENTATION AND A HUB OF NEW ART AND NEW IDEAS.

  • EXHIBITIONS AND SPECIAL PROJECTS REFLECT THE NEW MUSEUM'S ENDURING COMMITMENT TO ENCOURAGING NEW WORK BY A DIVERSE RANGE OF EMERGING AND ESTABLISHED INTERNATIONAL ARTISTS. PROGRAMS CHANGE REGULARLY AND ENCAPSULATE THE NEW MUSEUM'S PHILOSOPHY OF OPENNESS AND FEARLESSNESS, AS WELL AS OUR HISTORY, AS THE HOME OF SOCIALLY COMMITTED CONTEMPORARY ART.

    Expenses $9,343,126 · Revenue $1,595,471

  • NEW INC, THE FIRST MUSEUM-LED INCUBATOR, IS A SHARED WORKSPACE AND PROFESSIONAL DEVELOPMENT PROGRAM DESIGNED TO SUPPORT CREATIVE PRACTITIONERS WORKING IN THE AREAS OF ART, TECHNOLOGY, AND DESIGN.

    Expenses $2,066,292 · Revenue $190,316

  • THROUGH THE DEPARTMENT OF EDUCATION AND PUBLIC ENGAGEMENTS RESEARCH AND DEVELOPMENT SEASONS, THE NEW MUSEUM'S PUBLIC PROGRAMMING CONNECTS VARIOUS PROJECTS IN THE MUSEUM, THEATER, 5TH FLOOR GALLERY, AND RESOURCE CENTER AROUND A NEW ORGANIZING THEME EACH FALL AND SPRING. ADDITIONALLY, A WIDE RANGE OF EXHIBITION-RELATED PROGRAMS INCLUDE FILM SCREENINGS, TALKS WITH ARTISTS AND SCHOLARS, CONFERENCES, PERFORMANCES, AND LIVE MUSIC THAT TAKES PLACE IN THE NEW MUSEUM THEATER.

    Expenses $1,797,827 · Revenue $19,964

  • BOOKSTORE & OTHER

    Expenses $1,907,791 · Revenue $837,738

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexandra Bowes

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Charlotte Feng Ford

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • David Droga

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • David Heller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • James-Keith Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • John Friedman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • John Wotowicz

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Mitzi Eisenberg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Patricia Blanchet

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Paul T Schnell

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Ruth Horowitz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Saul Dennison

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2
  • Shelley Fox Aarons

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Catherine Orentreich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Dakis Joannou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Deborah Rechler

    BOARD MEMBER - TERM START

    Total calculated
    $0
    Hours/week
    2
  • Dianne Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Douglas McNeely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Elisa Nuyten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Eugenio Lopez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Evan Chow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Fusun Eczacibasi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Gael Neeson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Hank Latner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Hunter Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • James C A McClennen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jamie Singer Soros

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Levitt

    BOARD MEMBER - TERM START

    Total calculated
    $0
    Hours/week
    2
  • Jill Kraus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Joan Lazarus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Ken Kuchin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Laura Skoler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Leon Amitai

    BOARD MEMBER - TERM ENDED

    Total calculated
    $0
    Hours/week
    2
  • Lisa Watson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Liza Mauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Lola Goldring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Maja Hoffmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Manuel E Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Nari Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Neda Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Peter Boyce II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Randi Levine

    BOARD MEMBER - TERM START

    Total calculated
    $0
    Hours/week
    2
  • Richard Mumby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Ruben Levi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sara Story

    BOARD MEMBER - TERM START

    Total calculated
    $0
    Hours/week
    2
  • Stephanie French

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Stephanie Horton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sue Hostetler Wrigley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sultan Sooud Al Qassemi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sunny Y Goldberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Susan Feinstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Zoltan Varga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Dennis Szakacs

    CHIEF OPERATING OFFICER

    Total calculated
    $263,612
    From this org
    $241,584
    From related orgs
    $0
    Other
    $22,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,584
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,028
    Filer's total
    $263,612
  • Isolde Brielmaier

    DEPUTY DIRECTOR

    Total calculated
    $137,586
    From this org
    $137,521
    From related orgs
    $0
    Other
    $65
    Hours/week
    40
  • Lisa Phillips

    TOBY DEVAN LEWIS DIRECTOR

    Total calculated
    $874,548
    From this org
    $825,030
    From related orgs
    $0
    Other
    $49,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $619,030
    Bonus
    $206,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $49,518
    Filer's total
    $874,548
  • Massimiliano Gioni

    ARTISTIC DIRECTOR

    Total calculated
    $430,931
    From this org
    $417,070
    From related orgs
    $0
    Other
    $13,861
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,070
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,861
    Filer's total
    $430,931
  • Regan Grusy

    DEPUTY DIRECTOR

    Total calculated
    $355,610
    From this org
    $339,402
    From related orgs
    $0
    Other
    $16,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,402
    Bonus
    $15,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,208
    Filer's total
    $355,610
  • Richard Drysdale

    VP, FINANCE & ADMINISTRATION

    Total calculated
    $239,175
    From this org
    $226,227
    From related orgs
    $0
    Other
    $12,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,227
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,948
    Filer's total
    $239,175
  • Diane Vivona

    VP FOR ADVANCEMENT

    Total calculated
    $238,045
    From this org
    $203,477
    From related orgs
    $0
    Other
    $34,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,477
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,568
    Filer's total
    $238,045
  • Keila Tennent

    GENERAL COUNSEL & VP OF COMM.

    Total calculated
    $224,536
    From this org
    $205,220
    From related orgs
    $0
    Other
    $19,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,220
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,316
    Filer's total
    $224,536
  • Mariah Mazur

    DEVELOPMENT DIRECTOR & VP INTERNATIONAL PARTNERSHIPS

    Total calculated
    $225,062
    From this org
    $225,062
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,062
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $225,062
  • Scott Campbell

    DIR. OF CAMPAIGN ADVANCEMENT

    Total calculated
    $266,143
    From this org
    $249,870
    From related orgs
    $0
    Other
    $16,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,870
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,273
    Filer's total
    $266,143
  • Alethea Rockwell

    DIRECTOR OF EDUCATION & PUBLIC ENGAGEMENT

    Total calculated
    $140,593
    From this org
    $126,140
    From related orgs
    $0
    Other
    $14,453
    Hours/week
    40
  • Brian Dore

    DIRECTOR OF FINANCE & ADMIN.

    Total calculated
    $170,643
    From this org
    $157,749
    From related orgs
    $0
    Other
    $12,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,749
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,894
    Filer's total
    $170,643
  • Imani A Desrameaux

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $147,871
    From this org
    $133,039
    From related orgs
    $0
    Other
    $14,832
    Hours/week
    40
  • Indranie Sanichar

    DIRECTOR OF IT

    Total calculated
    $156,268
    From this org
    $139,995
    From related orgs
    $0
    Other
    $16,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,995
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,273
    Filer's total
    $156,268
  • Salome Asega

    DIRECTOR, NEW INC

    Total calculated
    $164,675
    From this org
    $151,716
    From related orgs
    $0
    Other
    $12,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,716
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,959
    Filer's total
    $164,675

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2026
IRS schema version
2024v5.1
Source object
202640719349301009

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