Totals
- Total revenue
- $47,000,287
- Total expenses
- $29,233,056
- Contributions and grants received
- $24,313,127
- Grants paid
- $35,000
- Program service revenue
- $1,568,094
- Investment income
- $21,078,650
- Other revenue
- $40,416
- Total assets, end of year
- $669,514,480
- Total liabilities, end of year
- $131,035,623
- Net assets or fund balances, end of year
- $538,478,857
- Program services expenses (Part IX)
- $17,267,306
- Management and general expenses
- $7,870,736
- Fundraising expenses
- $4,095,014
- Program service expenses (Part III)
- $17,267,306
Program services were 59.1% 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
$2,076,013
-
1c · Fundraising events
$1,474,360
-
1e · Government grants (contributions)
$1,476,845
-
1f · All other contributions, gifts and grants
$19,285,909
-
1g · Noncash contributions included above
$3,567,690
-
2a · Program service revenue: Admissions
total $924,552 · excluded $924,552
-
2b · Program service revenue: Educational Programs
total $21,926 · excluded $21,926
-
2c · Program service revenue: Membership Dues
total $621,616 · excluded $621,616
-
3 · Investment income
total $1,617,720 · excluded $1,617,720
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $30,742 · related or exempt $30,742
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $61,081,339
-
7b · Less cost or other basis and sales expenses
securities $41,620,409
-
7c · Gain or loss
securities $19,460,930
-
7d · Net gain or loss
total $19,460,930 · excluded $19,460,930
-
8a · Fundraising events: gross income
$151,135
-
8a · Fundraising events: contributions included on line 1c
$1,323,226
-
8b · Fundraising events: direct expenses
$325,391
-
8c · Net income from fundraising events
total -$174,256 · excluded -$174,256
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$358,050
-
10b · Cost of goods sold
$174,120
-
10c · Net income from sales of inventory
total $183,930 · related or exempt $115,772 · unrelated business $68,158
-
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 $35,000 · program services $35,000
-
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 $2,737,423 · program services $594,141 · management and general $1,544,952 · fundraising $598,330
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $13,203,103 · program services $4,761,634 · management and general $7,182,624 · fundraising $1,258,845
-
8 · Pension plan contributions
total $1,108,741 · program services $668,855 · management and general $274,782 · fundraising $165,104
-
9 · Other employee benefits
total $2,957,099 · program services $1,769,000 · management and general $592,199 · fundraising $595,900
-
10 · Payroll taxes
total $1,208,727 · program services $729,172 · management and general $299,562 · fundraising $179,993
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $141,090 · program services $85,113 · management and general $34,967 · fundraising $21,010
-
11c · Fees: accounting
total $145,295 · program services $87,650 · management and general $36,009 · fundraising $21,636
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,338,154 · management and general $1,338,154
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $85,601 · management and general $85,601
-
13 · Office expenses
total $587,994 · program services $181,650 · management and general $322,061 · fundraising $84,283
-
14 · Information technology
total $144,294 · program services $87,046 · management and general $35,761 · fundraising $21,487
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,367,131 · management and general $1,367,131
-
17 · Travel
total $326,288 · program services $180,659 · management and general $131,467 · fundraising $14,162
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $14,567 · management and general $14,567
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,577,270 · program services $951,498 · management and general $390,899 · fundraising $234,873
-
23 · Insurance
total $442,045 · management and general $442,045
-
24a · Other expenses: Exhibition & Conservation Cost
total $1,276,200 · program services $1,269,229 · management and general $6,971
-
24b · Other expenses: Service Contracts
total $715,133 · program services $49,618 · management and general $615,936 · fundraising $49,579
-
24c · Other expenses: Membership Costs
total $566,592 · fundraising $566,592
-
24d · Other expenses: Consultants & Outside Services
total $518,042 · program services $409,806 · management and general $74,110 · fundraising $34,126
-
24e · All other expenses
total -$1,262,733 · program services $5,407,235 · management and general -$6,919,062 · fundraising $249,094
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $56,006,335 · end of year $43,836,499
-
3 · Pledges and grants receivable
beginning of year $36,737,372 · end of year $32,094,935
-
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 $609,015 · end of year $860,040
-
9 · Prepaid expenses and deferred charges
end of year $131,479
-
10a · Land, buildings and equipment: cost or other basis
$264,368,468
-
10b · Land, buildings and equipment: accumulated depreciation
$44,162,217
-
10c · Land, buildings and equipment, net
beginning of year $141,294,441 · end of year $220,206,251
-
11 · Investments: publicly traded securities
beginning of year $61,792,935 · end of year $140,850,112
-
12 · Investments: other securities
beginning of year $240,318,725 · end of year $229,067,967
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,718,551 · end of year $2,467,197
-
17 · Accounts payable and accrued expenses
beginning of year $11,735,509 · end of year $19,797,993
-
25 · Other liabilities
beginning of year $12,999,111 · end of year $111,237,630
-
27 · Net assets without donor restrictions
beginning of year $295,007,536 · end of year $302,593,960
-
28 · Net assets with donor restrictions
beginning of year $219,735,218 · end of year $235,884,897
Mission and programs · 2022
Mission
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.
-
Museum Program: The Collection maintains and conserves over 1,100 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. The museum moved to a temporary location known as Frick Madison while the renovation and enhancement of its building at 1 East 70th Street. The museum will remain at this location, 945 Madison Avenue, during the renovation and enhancement of the building at 1 East 70th Street. Attendance during the 2022 tax year was approximately 82,000 visitors. See Schedule O for additional information.
Expenses $11,759,154
-
Library Program: The mission of the Frick Art Reference Library is to provide public access to materials and programs focused on the study of fine and decorative arts created primarily in the Western tradition from the fourth to the mid-twentieth century. It serves an international research community and supports institutional initiatives as well. The Library provided on-site and remote services for all of the 2022 tax year by welcoming 1,088 visitors, answering 999 research questions in person, answering 1,221 research questions by email, and filing 1,511 interlibrary loan and 2,333 document delivery requests. See Schedule O for additional information.
Expenses $5,508,152 · Grants $35,000
As filed on the 2022 return.
Listed in Part VII
-
Ian Wardropper
Kellen Dir& CEO
- Total calculated
- $1,152,927
- From this org
- $1,097,292
- From related orgs
- $0
- Other
- $55,635
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $917,292
- Bonus
- not reported
- Other
- $180,000
- Deferred
- $34,200
- Nontaxable benefits
- $21,435
- Filer's total
- $1,152,927
-
Joseph Shatoff
Deputy Director & COO
- Total calculated
- $390,137
- From this org
- $334,502
- From related orgs
- $0
- Other
- $55,635
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $284,502
- Bonus
- $50,000
- Other
- not reported
- Deferred
- $34,200
- Nontaxable benefits
- $21,435
- Filer's total
- $390,137
-
Katharine Chapman
Deputy Director External Affairs
- Total calculated
- $378,777
- From this org
- $323,142
- From related orgs
- $0
- Other
- $55,635
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $323,142
- Bonus
- not reported
- Other
- not reported
- Deferred
- $34,200
- Nontaxable benefits
- $21,435
- Filer's total
- $378,777
-
Xavier Salomon
Peter Jay Sharp Chief Curator
- Total calculated
- $343,400
- From this org
- $300,695
- From related orgs
- $0
- Other
- $42,705
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $300,695
- Bonus
- not reported
- Other
- not reported
- Deferred
- $34,200
- Nontaxable benefits
- $8,505
- Filer's total
- $343,400
-
Michael Paccione
CFO & Asst Trea
- Total calculated
- $335,461
- From this org
- $300,380
- From related orgs
- $0
- Other
- $35,081
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $300,380
- Bonus
- not reported
- Other
- not reported
- Deferred
- $34,200
- Nontaxable benefits
- $881
- Filer's total
- $335,461
-
Carolyn Straub
Ass. Dir. Cap Proj
- Total calculated
- $252,408
- From this org
- $206,226
- From related orgs
- $0
- Other
- $46,182
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $206,226
- Bonus
- not reported
- Other
- not reported
- Deferred
- $24,747
- Nontaxable benefits
- $21,435
- Filer's total
- $252,408
-
Dennis Sweeney
Head of Operations
- Total calculated
- $237,442
- From this org
- $192,488
- From related orgs
- $0
- Other
- $44,954
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $192,488
- Bonus
- not reported
- Other
- not reported
- Deferred
- $23,099
- Nontaxable benefits
- $21,855
- Filer's total
- $237,442
-
Stephen Bury
A.W. Mellon Chief Librarian
- Total calculated
- $234,471
- From this org
- $201,717
- From related orgs
- $0
- Other
- $32,754
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $201,717
- Bonus
- not reported
- Other
- not reported
- Deferred
- $24,206
- Nontaxable benefits
- $8,548
- Filer's total
- $234,471
-
Dana Winfield
Chief HR Officer
- Total calculated
- $220,866
- From this org
- $196,828
- From related orgs
- $0
- Other
- $24,038
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $196,828
- Bonus
- not reported
- Other
- not reported
- Deferred
- $23,619
- Nontaxable benefits
- $419
- Filer's total
- $220,866
-
Angie Calderwood
Asst Dir of Devlop
- Total calculated
- $193,847
- From this org
- $173,078
- From related orgs
- $0
- Other
- $20,769
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $173,078
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,769
- Nontaxable benefits
- not reported
- Filer's total
- $193,847
-
Alison Lonshein thru 41522
GC & Asst Secr
- Total calculated
- $183,987
- From this org
- $162,867
- From related orgs
- $0
- Other
- $21,120
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $162,867
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,544
- Nontaxable benefits
- $1,576
- Filer's total
- $183,987
-
Megan Flynn Zinger
Controller
- Total calculated
- $182,956
- From this org
- $162,739
- From related orgs
- $0
- Other
- $20,217
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $162,739
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,529
- Nontaxable benefits
- $688
- Filer's total
- $182,956
-
Luisa Herrara
Sen.Man.Spec. Proj
- Total calculated
- $178,921
- From this org
- $159,751
- From related orgs
- $0
- Other
- $19,170
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $159,751
- Bonus
- not reported
- Other
- not reported
- Deferred
- $19,170
- Nontaxable benefits
- not reported
- Filer's total
- $178,921
-
Alexis Sandler start 102422
GC & Asst Secr
- Total calculated
- $108,748
- From this org
- $48,548
- From related orgs
- $0
- Other
- $60,200
- Hours/week
- 35
-
Virginia Barbato
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Margot Bogert
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ayesha Bulchandani
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tai- Heng Cheng
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Suzzara Durocher
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
R Bradford Evans
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Eveillard
Trustee & Chair
- Total calculated
- $0
- Hours/week
- 5
-
Kathleen Feldstein
Trustee & Secr
- Total calculated
- $0
- Hours/week
- 3
-
Emily Frick
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Horvitz
Trustee&V.Chair
- Total calculated
- $0
- Hours/week
- 3
-
Christian Keesee
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Karen Gray- Krehbiel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rafael Mason
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jane Moss
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James Reibel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charles Royce
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Juan Sabater
Trustee& Treas
- Total calculated
- $0
- Hours/week
- 3
-
Stephen Schwarzman
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bernard Selz
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Victoria Lea Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
J Fife Symington IV
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David Tobey
Trustee
- Total calculated
- $0
- Hours/week
- 1
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
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
The filer's explanations (Part III)
- 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.
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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431359349307098
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