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Nonprofiteer
← PARRISH ART MUSEUM INC

Form 990 for tax year 2024

Filed by PARRISH ART MUSEUM INC.

Totals

Total revenue
$14,728,028
Total expenses
$7,300,783
Contributions and grants received
$12,917,257
Grants paid
$0
Program service revenue
$1,169,431
Investment income
$324,586
Other revenue
$316,754
Total assets, end of year
$46,419,677
Total liabilities, end of year
$2,405,567
Net assets or fund balances, end of year
$44,014,110
Program services expenses (Part IX)
$5,567,851
Management and general expenses
$665,554
Fundraising expenses
$1,067,378
Program service expenses (Part III)
$5,567,851

Program services were 76.3% 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.

  • 1c · Fundraising events

    $745,748

  • 1e · Government grants (contributions)

    $582,961

  • 1f · All other contributions, gifts and grants

    $11,588,548

  • 1g · Noncash contributions included above

    $9,460,878

  • 2a · Program service revenue: Admissions

    total $216,044 · related or exempt $216,044

  • 2b · Program service revenue: Membership

    total $386,303 · related or exempt $386,303

  • 2c · Program service revenue: Tuition Fees

    total $567,084 · related or exempt $567,084

  • 3 · Investment income

    total $201,676 · excluded $201,676

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,947,565

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

    securities $1,824,655

  • 7c · Gain or loss

    securities $122,910

  • 7d · Net gain or loss

    total $122,910 · excluded $122,910

  • 8a · Fundraising events: gross income

    $895,157

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

    $745,748

  • 8b · Fundraising events: direct expenses

    $895,157

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $501,208

  • 10b · Cost of goods sold

    $184,454

  • 10c · Net income from sales of inventory

    total $316,754 · related or exempt $316,754

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $347,365 · program services $235,054 · management and general $27,983 · fundraising $84,328

  • 6 · Compensation of disqualified persons

    total $253,175 · program services $171,318 · management and general $20,395 · fundraising $61,462

  • 7 · Other salaries and wages

    total $2,500,171 · program services $1,691,809 · management and general $201,405 · fundraising $606,957

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $325,577 · program services $227,264 · management and general $22,041 · fundraising $76,272

  • 10 · Payroll taxes

    total $280,775 · program services $198,196 · management and general $18,499 · fundraising $64,080

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $111,322 · program services $98,803 · management and general $11,736 · fundraising $783

  • 11c · Fees: accounting

    total $38,000 · program services $33,727 · management and general $4,006 · fundraising $267

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $32,122 · management and general $32,122

  • 11g · Fees: other

    total $711,945 · program services $678,347 · management and general $19,357 · fundraising $14,241

  • 12 · Advertising and promotion

    total $22,575 · program services $21,622 · fundraising $953

  • 13 · Office expenses

    total $86,842 · program services $82,749 · management and general $2,076 · fundraising $2,017

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $268,614 · program services $228,324 · management and general $37,600 · fundraising $2,690

  • 17 · Travel

    total $61,272 · program services $46,216 · management and general $3,768 · fundraising $11,288

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $134,465 · program services $65,900 · management and general $67,995 · fundraising $570

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $858,760 · program services $729,940 · management and general $120,230 · fundraising $8,590

  • 23 · Insurance

    total $175,407 · program services $152,568 · management and general $21,409 · fundraising $1,430

  • 24a · Other expenses: ART TRANSIT

    total $309,663 · program services $309,663

  • 24b · Other expenses: service contracts

    total $164,359 · program services $106,610 · management and general $17,324 · fundraising $40,425

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $135,671 · program services $134,897 · management and general $737 · fundraising $37

  • 24d · Other expenses: MAINTENANCE

    total $98,138 · program services $83,438 · management and general $13,720 · fundraising $980

  • 24e · All other expenses

    total $384,565 · program services $271,406 · management and general $23,151 · fundraising $90,008

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $192,227 · end of year $895,621

  • 2 · Savings and temporary cash investments

    beginning of year $1,273,902 · end of year $470,922

  • 3 · Pledges and grants receivable

    beginning of year $468,500 · end of year $592,587

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $13,201 · end of year $62,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,001 · end of year $56,240

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

    $48,792,213

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

    $9,867,349

  • 10c · Land, buildings and equipment, net

    beginning of year $30,440,781 · end of year $38,924,864

  • 11 · Investments: publicly traded securities

    beginning of year $5,838,299 · end of year $5,384,971

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $40,035 · end of year $31,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $214,414 · end of year $335,709

  • 19 · Deferred revenue

    beginning of year $337,713 · end of year $299,546

  • 23 · Secured mortgages and notes payable

    beginning of year $1,352,704 · end of year $1,688,429

  • 25 · Other liabilities

    beginning of year $40,035 · end of year $81,883

  • 27 · Net assets without donor restrictions

    beginning of year $29,857,065 · end of year $28,771,276

  • 28 · Net assets with donor restrictions

    beginning of year $6,563,015 · end of year $15,242,834

Mission and programs · 2024

Mission

THE MUSEUM ENCOURAGES AN APPRECIATION OF MODERN AND CONTEMPORARY ART THROUGH EXHIBITIONS, EDUCATION, AND PUBLIC PROGRAMS FOR DIVERSE AUDIENCES.INSPIRED BY THE NATURAL SETTING AND HISTORICAL ARTISTIC COMMUNITY OF LONG ISLAND'S EAST END, THE PARRISH ART MUSEUM CELEBRATES ITS LEGACY THROUGH A DISTINCTIVE CONTEMPORARY LENS AND SOCIALLY CONSCIOUS GLOBAL CONTEXT. THE PARRISH ILLUMINATES THE CREATIVE PROCESS AND HOW ART, ARCHITECTURE, AND DESIGN TRANSFORM OUR EXPERIENCES AND OUR COMMUNITIES, AND HOW WE RELATE TO THE WORLD. ACCESS TO RELEVANT CULTURAL ENGAGEMENT, ARTISTIC INSPIRATION, A NATURAL ENVIRONMENT, AND ARCHITECTURAL INGENUITY CHARACTERIZES THE MUSEUM EXPERIENCE AS UNIQUE DESTINATION FO THE REGION, THE NATION, AND THE WORLD.

  • THE PARRISH ART MUSEUM, INC., IS LOCATED IN WATER MILL, NEW YORK AND ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. THE MUSEUM WAS FOUNDED IN 1897 BY SAMUEL LONGSTRETH PARRISH AND WAS CHARTERED BY THE UNIVERSITY OF THE STATE OF NEW YORK EDUCATION DEPARTMENT IN 1954. THE MUSEUM OPENED ITS NEW BUILDING DESIGNED BY SWISS ARCHITECTS HERZOG AND DE MEURON TO INTERNATIONAL ACCLAIM IN NOVEMBER 2012 ALLOWING IT TO EXHIBIT ITS PERMANENT ART COLLECTION SIDE-BY-SIDE WITH CHANGING EXHIBITIONS THROUGHOUT 12,000 SQUARE FEET OF GALLERY SPACE. THE PARRISH PRESENTS MULTIPLE TEMPORARY EXHIBITIONS EACH YEAR, INCLUDING NEW INSTALLATIONS DRAWN FROM OUR WORLD-CLASS COLLECTION OF 3,695 WORKS, SPECIAL EXHIBITIONS THAT RECONSIDER THE WORK OF A SINGLE ARTIST, AND GROUP EXHIBITIONS THAT EXPLORE COMPELLING THEMES. THE PARRISH PRODUCES OVER 40 PUBLIC PROGRAMSFILM, MUSIC, AND TALKSAND OFFERS A YEAR-ROUND SCHEDULE OF INSPIRING CLASSES AND WORKSHOPS.

    Expenses $5,567,851

As filed on the 2024 return.

Listed in Part VII

  • Monica Ramirez-Montagut

    Executive Director

    Total calculated
    $347,365
    From this org
    $337,596
    From related orgs
    $0
    Other
    $9,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,596
    Bonus
    $15,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,769
    Filer's total
    $347,365
  • Paul Andrews

    Dep Dir Princ Gfts

    Total calculated
    $197,358
    From this org
    $187,615
    From related orgs
    $0
    Other
    $9,743
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $187,615
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,743
    Filer's total
    $197,358
  • Alexandra Robertson

    Dir. Finance & Adm

    Total calculated
    $154,501
    From this org
    $144,808
    From related orgs
    $0
    Other
    $9,693
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $144,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,693
    Filer's total
    $154,501
  • Corinne Erni

    Development Offic.

    Total calculated
    $149,504
    From this org
    $140,000
    From related orgs
    $0
    Other
    $9,504
    Hours/week
    35
  • Melanie Tolan

    Dir. Donor Communi

    Total calculated
    $137,817
    From this org
    $120,000
    From related orgs
    $0
    Other
    $17,817
    Hours/week
    35
  • Martha Stotzky

    Former Deputy Director

    Total calculated
    $131,869
    From this org
    $122,404
    From related orgs
    $0
    Other
    $9,465
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $122,404
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,465
    Filer's total
    $131,869
  • Nina Madison

    Former Director Corporate

    Total calculated
    $121,306
    From this org
    $112,615
    From related orgs
    $0
    Other
    $8,691
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $112,615
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,691
    Filer's total
    $121,306
  • Dulzania Pena

    CAFE ASST MANAGER

    Total calculated
    $106,498
    From this org
    $103,878
    From related orgs
    $0
    Other
    $2,620
    Hours/week
    35
  • Frederic M Seegal

    Co-Chair

    Total calculated
    $0
    Hours/week
    4
  • Alexandra Stanton

    Co-Chair

    Total calculated
    $0
    Hours/week
    4
  • Sean Cohan

    President

    Total calculated
    $0
    Hours/week
    2
  • Sandy Perlbinder

    Vice President

    Total calculated
    $0
    Hours/week
    2
  • George Wells

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Martha McLanahan

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Ejim Peter Achi

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Nina Sarin Arias

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Deborah F Bancroft

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Ruchira Bhuyan

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Catherine Gillis Carmody

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Marty Cordes

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Suzi Cordish

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Yanina Fuertes

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • David Granville-Smith

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Lisa Green

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Notoya Green

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Steven J Horowitz

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Dr Harvanit Gahunia

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Astrid Hill Lloyd

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Louis K Meisel

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Laurence Milstein

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Andrea Pemberton

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Charlotte Lucas Pilaro

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Henry Richardson

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Kimberley Taylor

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Marlies Verhoeven

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Joey Wolffer

    Board Member

    Total calculated
    $0
    Hours/week
    2

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533149349303893

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