Form 990 for tax year 2022
Filed by NEW MUSEUM OF CONTEMPORARY ART.
Totals
- Total revenue
- $22,785,608
- Total expenses
- $19,314,507
- Contributions and grants received
- $16,763,062
- Grants paid
- $0
- Program service revenue
- $2,807,258
- Investment income
- $1,455,262
- Other revenue
- $1,760,026
- Total assets, end of year
- $114,572,555
- Total liabilities, end of year
- $13,102,239
- Net assets or fund balances, end of year
- $101,470,316
- Program services expenses (Part IX)
- $15,717,794
- Management and general expenses
- $1,475,946
- Fundraising expenses
- $2,120,767
- Program service expenses (Part III)
- $15,717,794
Program services were 81.4% 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
$158,129
-
1c · Fundraising events
$1,812,200
-
1e · Government grants (contributions)
$225,820
-
1f · All other contributions, gifts and grants
$14,566,913
-
1g · Noncash contributions included above
$1,416,911
-
2a · Program service revenue: ADMISSIONS
total $1,253,024 · related or exempt $1,253,024
-
2b · Program service revenue: MEMBERSHIP COUNCILS
total $1,311,759 · related or exempt $1,311,759
-
2c · Program service revenue: INCUBATOR FEES
total $132,475 · related or exempt $132,475
-
2d · Program service revenue: EXHIBITION TRAVELING FEES
total $110,000 · related or exempt $110,000
-
3 · Investment income
total $490,870 · excluded $490,870
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $221,837
-
6c · Rental income or loss
real property $221,837 · personal property $0
-
6d · Net rental income or loss
total $221,837 · excluded $221,837
-
7a · Gross sales of assets other than inventory
securities $41,229,036 · other assets $950,000
-
7b · Less cost or other basis and sales expenses
securities $41,214,644
-
7c · Gain or loss
securities $14,392 · other assets $950,000
-
7d · Net gain or loss
total $964,392 · excluded $964,392
-
8a · Fundraising events: gross income
$371,496
-
8a · Fundraising events: contributions included on line 1c
$1,812,200
-
8b · Fundraising events: direct expenses
$600,196
-
8c · Net income from fundraising events
total -$228,700 · excluded -$228,700
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$1,458,226
-
10b · Cost of goods sold
$322,800
-
10c · Net income from sales of inventory
total $1,135,426 · related or exempt $1,135,426
-
11a · Other revenue: OTHER
total $631,463 · excluded $631,463
-
11e · Other revenue, total
$631,463
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 $3,132,714 · program services $2,395,564 · management and general $267,738 · fundraising $469,412
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $6,001,918 · program services $4,586,645 · management and general $505,910 · fundraising $909,363
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $504,582 · program services $389,671 · management and general $52,163 · fundraising $62,748
-
10 · Payroll taxes
total $625,977 · program services $483,420 · management and general $64,713 · fundraising $77,844
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $113,224 · program services $100,215 · management and general $5,812 · fundraising $7,197
-
11c · Fees: accounting
total $74,021 · program services $65,516 · management and general $3,800 · fundraising $4,705
-
11d · Fees: lobbying
total $76,867 · fundraising $76,867
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,786,859 · program services $1,618,114 · management and general $59,222 · fundraising $109,523
-
12 · Advertising and promotion
total $179,119 · program services $153,192 · fundraising $25,927
-
13 · Office expenses
total $1,844,413 · program services $1,557,122 · management and general $107,225 · fundraising $180,066
-
14 · Information technology
total $80,580 · program services $80,580
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,095,387 · program services $1,015,926 · management and general $62,264 · fundraising $17,197
-
17 · Travel
total $321,156 · program services $243,811 · management and general $27,241 · fundraising $50,104
-
18 · Travel or entertainment for public officials
total $10,432 · program services $5,744 · management and general $2,250 · fundraising $2,438
-
19 · Conferences, conventions and meetings
total $3,262 · program services $2,120 · management and general $816 · fundraising $326
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,016,740 · program services $1,983,257 · management and general $23,916 · fundraising $9,567
-
23 · Insurance
total $393,860 · program services $296,664 · management and general $69,021 · fundraising $28,175
-
24a · Other expenses: HONORARIA
total $245,881 · program services $244,668 · management and general $296 · fundraising $917
-
24b · Other expenses: FABRICATION
total $407,392 · program services $344,331 · fundraising $63,061
-
24c · Other expenses: MEMBERSHIP CULTIVATION
total $26,218 · program services $6,977 · management and general $2,036 · fundraising $17,205
-
24d · Other expenses: BAD DEBT EXPENSE
total $220,235 · management and general $220,235
-
24e · All other expenses
total $153,670 · program services $144,257 · management and general $1,288 · fundraising $8,125
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,164,291 · end of year $2,971,140
-
2 · Savings and temporary cash investments
beginning of year $20,253,220 · end of year $4,397,226
-
3 · Pledges and grants receivable
beginning of year $12,243,850 · end of year $9,056,822
-
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 $183,406 · end of year $160,934
-
9 · Prepaid expenses and deferred charges
beginning of year $2,117,528 · end of year $2,060,432
-
10a · Land, buildings and equipment: cost or other basis
$86,144,135
-
10b · Land, buildings and equipment: accumulated depreciation
$33,799,699
-
10c · Land, buildings and equipment, net
beginning of year $40,919,497 · end of year $52,344,436
-
11 · Investments: publicly traded securities
beginning of year $2,359,588 · end of year $2,599,895
-
12 · Investments: other securities
beginning of year $24,117,265 · end of year $39,170,866
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $1,003,450 · end of year $1,016,595
-
15 · Other assets
beginning of year $0 · end of year $794,209
-
17 · Accounts payable and accrued expenses
beginning of year $2,187,512 · end of year $4,560,570
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $511,903 · end of year $411,511
-
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 $7,653,799 · end of year $7,324,226
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $805,932
-
27 · Net assets without donor restrictions
beginning of year $84,471,435 · end of year $86,983,813
-
28 · Net assets with donor restrictions
beginning of year $12,537,446 · end of year $14,486,503
Mission and programs · 2022
Mission
THE NEW MUSEUM IS THE ONLY MUSEUM DEVOTED EXCLUSIVELY TO CONTEMPORARY ART IN NEW YORK AND IS ONE OF THE LEADING CONTEMPORARY ART MUSEUMS WORLDWIDE. OUR MISSION IS SIMPLY NEW ART, NEW IDEAS WITH A COMMITMENT TO GLOBAL PROGRAMS. UNPARALLELED IN THE UNITED STATES, THE NEW MUSEUM OCCUPIES A UNIQUE AND IMPORTANT PLACE IN THE FIELD. WE ARE DISTINGUISHED BY A BOLD CULTURAL PROGRAM THAT PROVIDES OPPORTUNITIES FOR ARTISTS TO CREATE AND SHOW CONTEMPORARY ART IN A MUSEUM SETTING, WHILE ENGAGING THE ARTISTIC COMMUNITY.
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 $10,454,571 · Revenue $2,610,641
-
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 $1,785,899 · Revenue $64,142
-
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 $1,684,810 · Revenue $132,475
-
BOOKSTORE
Expenses $1,792,514 · Revenue $1,135,426
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa PhillipsLISA PHILLIPS
TOBY DEVAN LEWIS DIRECTOR
- Total calculated
- $782,189
- From this org
- $737,150
- From related orgs
- $0
- Other
- $45,039
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $537,150
- Bonus
- $200,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $45,039
- Filer's total
- $782,189
-
Massimiliano GioniMASSIMILIANO GIONI
ARTISTIC DIRECTOR
- Total calculated
- $381,283
- From this org
- $369,513
- From related orgs
- $0
- Other
- $11,770
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $369,513
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,770
- Filer's total
- $381,283
-
Regan GrusyREGAN GRUSY
CHIEF OF STAFF & VP OF STRATEG
- Total calculated
- $303,212
- From this org
- $289,407
- From related orgs
- $0
- Other
- $13,805
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $289,407
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,805
- Filer's total
- $303,212
-
Isolde BrielmaierISOLDE BRIELMAIER
DEPUTY DIRECTOR
- Total calculated
- $296,069
- From this org
- $267,777
- From related orgs
- $0
- Other
- $28,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $267,777
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $28,292
- Filer's total
- $296,069
-
Scott CampbellSCOTT CAMPBELL
DIR. OF CAMPAIGN ADVANCEMENT
- Total calculated
- $248,219
- From this org
- $234,349
- From related orgs
- $0
- Other
- $13,870
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,349
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,870
- Filer's total
- $248,219
-
Dennis SzakacsDENNIS SZAKACS
CHIEF OPERATING OFFICER
- Total calculated
- $246,987
- From this org
- $213,536
- From related orgs
- $0
- Other
- $33,451
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,536
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $33,451
- Filer's total
- $246,987
-
Richard DrysdaleRICHARD DRYSDALE
VP, FINANCE & ADMINISTRATION
- Total calculated
- $217,369
- From this org
- $206,562
- From related orgs
- $0
- Other
- $10,807
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,562
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,807
- Filer's total
- $217,369
-
Diane VivonaDIANE VIVONA
VP FOR ADVANCEMENT
- Total calculated
- $217,369
- From this org
- $187,127
- From related orgs
- $0
- Other
- $30,242
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,127
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $30,242
- Filer's total
- $217,369
-
Keila TennentKEILA TENNENT
GENERAL COUNSEL & VP OF Comm.
- Total calculated
- $211,244
- From this org
- $193,400
- From related orgs
- $0
- Other
- $17,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,400
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $17,844
- Filer's total
- $211,244
-
Mariah MazurMARIAH MAZUR
DIRECTOR OF DEVELOPMENT
- Total calculated
- $205,000
- From this org
- $205,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $205,000
-
Misratu SakaMISRATU SAKA
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $155,020
- From this org
- $138,939
- From related orgs
- $0
- Other
- $16,081
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,363
- Bonus
- $17,576
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,081
- Filer's total
- $155,020
-
Brian DoreBRIAN DORE
DIRECTOR OF FINANCE & ADMIN.
- Total calculated
- $152,869
- From this org
- $140,712
- From related orgs
- $0
- Other
- $12,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,712
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,157
- Filer's total
- $152,869
-
David HollelyDAVID HOLLELY
DIR OF EXHIBITIONS MANAGEMENT
- Total calculated
- $134,925
- From this org
- $134,925
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Salome AsegaSALOME ASEGA
DIRECTOR, NEW INC
- Total calculated
- $130,808
- From this org
- $130,808
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Saul Dennison
Chairman Emeritus
- Total calculated
- $0
- Hours/week
- 2
-
James-Keith Brown
President
- Total calculated
- $0
- Hours/week
- 2
-
Patricia Blanchet
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Alexandra Bowes
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
David Droga
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Mitzi Eisenberg
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Charlotte Feng Ford
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
John Friedman
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
David Heller
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Ruth Horowitz
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Paul T Schnell
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
John Wotowicz
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Shelley Fox Aarons
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Sultan Sooud Al Qassemi
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Leon Amitai
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Peter Boyce II
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
-
Susan Feinstein
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ella Fontanals-Cisneros
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie French
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Sunny Y Goldberg
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lola Goldring
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Manuel E Gonzalez
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Hunter Gray
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Maja Hoffmann
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie Horton
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Dakis Joannou
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jill Kraus
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ken Kuchin
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Hank Latner
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Joan Lazarus
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ruben Levi
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Eugenio Lopez
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
James C A McClennen
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Douglas McNeely
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Matt Mullenweg
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Richard Mumby
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Gael Neeson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Elisa Nuyten
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Catherine Orentreich
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tommie L Pegues
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Laura Skoler
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jamie Singer Soros
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Zoltan Varga
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Dianne Wallace
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Nari Ward
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Sue Hostetler Wrigley
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Neda Young
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 · 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.
-
501(C)(3) · PRESENT ART · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202440509349300734
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