Form 990 for tax year 2023
Filed by NEW MUSEUM OF CONTEMPORARY ART.
Totals
- Total revenue
- $30,646,973
- Total expenses
- $19,116,689
- Contributions and grants received
- $23,382,654
- Grants paid
- $0
- Program service revenue
- $3,445,018
- Investment income
- $1,965,993
- Other revenue
- $1,853,308
- Total assets, end of year
- $129,035,729
- Total liabilities, end of year
- $15,458,877
- Net assets or fund balances, end of year
- $113,576,852
- Program services expenses (Part IX)
- $15,659,730
- Management and general expenses
- $1,283,317
- Fundraising expenses
- $2,173,642
- Program service expenses (Part III)
- $15,659,730
Program services were 81.9% 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
$97,851
-
1c · Fundraising events
$2,292,429
-
1e · Government grants (contributions)
$368,887
-
1f · All other contributions, gifts and grants
$20,623,487
-
1g · Noncash contributions included above
$398,912
-
2a · Program service revenue: ADMISSIONS
total $1,078,257 · related or exempt $1,078,257
-
2b · Program service revenue: MEMBERSHIP COUNCILS
total $1,574,751 · related or exempt $1,574,751
-
2c · Program service revenue: INCUBATOR FEES
total $129,510 · related or exempt $129,510
-
2d · Program service revenue: EXHIBITION TRAVELING FEES
total $662,500 · related or exempt $662,500
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,959,335 · excluded $1,959,335
-
6a · Gross rents
real property $244,148
-
6c · Rental income or loss
real property $244,148 · personal property $0
-
6d · Net rental income or loss
total $244,148 · excluded $244,148
-
7a · Gross sales of assets other than inventory
securities $103,687,114
-
7b · Less cost or other basis and sales expenses
securities $103,680,456
-
7c · Gain or loss
securities $6,658 · other assets $0
-
7d · Net gain or loss
total $6,658 · excluded $6,658
-
8a · Fundraising events: gross income
$534,550
-
8a · Fundraising events: contributions included on line 1c
$2,292,429
-
8b · Fundraising events: direct expenses
$691,099
-
8c · Net income from fundraising events
total -$156,549 · excluded -$156,549
-
10a · Gross sales of inventory
$1,847,478
-
10b · Cost of goods sold
$216,185
-
10c · Net income from sales of inventory
total $1,631,293 · related or exempt $1,631,293
-
11a · Other revenue: OTHER
total $134,416 · excluded $134,416
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$134,416
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $3,215,682 · program services $2,440,440 · management and general $275,435 · fundraising $499,807
-
7 · Other salaries and wages
total $6,165,837 · program services $4,672,713 · management and general $525,019 · fundraising $968,105
-
9 · Other employee benefits
total $466,348 · program services $361,203 · management and general $43,346 · fundraising $61,799
-
10 · Payroll taxes
total $674,386 · program services $522,335 · management and general $62,683 · fundraising $89,368
-
11b · Fees: legal
total $191,742 · program services $164,234 · management and general $11,107 · fundraising $16,401
-
11c · Fees: accounting
total $71,704 · program services $61,417 · management and general $4,154 · fundraising $6,133
-
11g · Fees: other
total $1,298,930 · program services $1,163,186 · management and general $58,627 · fundraising $77,117
-
12 · Advertising and promotion
total $139,572 · program services $108,101 · management and general $8,750 · fundraising $22,721
-
13 · Office expenses
total $1,887,726 · program services $1,604,189 · management and general $88,357 · fundraising $195,180
-
14 · Information technology
total $90,274 · program services $90,274
-
16 · Occupancy
total $1,299,776 · program services $1,222,367 · management and general $55,006 · fundraising $22,403
-
17 · Travel
total $267,779 · program services $170,742 · management and general $32,839 · fundraising $64,198
-
19 · Conferences, conventions and meetings
total $12,088 · program services $6,799 · management and general $2,547 · fundraising $2,742
-
20 · Interest
total $2,240 · program services $1,456 · management and general $560 · fundraising $224
-
22 · Depreciation, depletion and amortization
total $2,064,781 · program services $2,014,483 · management and general $35,927 · fundraising $14,371
-
23 · Insurance
total $444,259 · program services $340,086 · management and general $74,207 · fundraising $29,966
-
24a · Other expenses: FABRICATION
total $501,929 · program services $424,546 · fundraising $77,383
-
24b · Other expenses: HONORARIA
total $230,527 · program services $227,293 · management and general $1,492 · fundraising $1,742
-
24c · Other expenses: EXHIBITION
total $62,422 · program services $55,963 · management and general $801 · fundraising $5,658
-
24d · Other expenses: MEMBERSHIP CULTIVATION
total $23,793 · program services $4,159 · management and general $1,587 · fundraising $18,047
-
24e · All other expenses
total $4,894 · program services $3,744 · management and general $873 · fundraising $277
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,971,140 · end of year $1,109,191
-
2 · Savings and temporary cash investments
beginning of year $4,397,226 · end of year $574,763
-
3 · Pledges and grants receivable
beginning of year $9,056,822 · end of year $8,735,924
-
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
-
8 · Inventories for sale or use
beginning of year $160,934 · end of year $156,315
-
9 · Prepaid expenses and deferred charges
beginning of year $2,060,432 · end of year $1,020,644
-
10a · Land, buildings and equipment: cost or other basis
$107,020,512
-
10b · Land, buildings and equipment: accumulated depreciation
$35,827,681
-
10c · Land, buildings and equipment, net
beginning of year $52,344,436 · end of year $71,192,831
-
11 · Investments: publicly traded securities
beginning of year $2,599,895 · end of year $2,974,142
-
12 · Investments: other securities
beginning of year $39,170,866 · end of year $41,873,620
-
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 $794,209 · end of year $381,704
-
17 · Accounts payable and accrued expenses
beginning of year $4,560,570 · end of year $7,410,905
-
19 · Deferred revenue
beginning of year $411,511 · end of year $260,236
-
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 $7,324,226 · end of year $7,395,001
-
25 · Other liabilities
beginning of year $805,932 · end of year $392,735
-
27 · Net assets without donor restrictions
beginning of year $86,983,813 · end of year $99,382,672
-
28 · Net assets with donor restrictions
beginning of year $14,486,503 · end of year $14,194,180
Mission and programs · 2023
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 $9,955,915 · Revenue $3,258,412
-
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 $1,869,517 · Revenue $129,510
-
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 $1,868,079 · Revenue $57,096
-
BOOKSTORE & OTHER
Expenses $1,966,219 · Revenue $1,631,293
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alexandra BowesALEXANDRA BOWES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Charlotte Feng FordCHARLOTTE FENG FORD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
David DrogaDAVID DROGA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
David HellerDAVID HELLER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
James-Keith BrownJAMES-KEITH BROWN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
John FriedmanJOHN FRIEDMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
John WotowiczJOHN WOTOWICZ
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Mitzi EisenbergMITZI EISENBERG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Patricia BlanchetPATRICIA BLANCHET
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Paul T SchnellPAUL T SCHNELL
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Ruth HorowitzRUTH HOROWITZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Saul DennisonSAUL DENNISON
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Shelley Fox AaronsSHELLEY FOX AARONS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Catherine OrentreichCATHERINE ORENTREICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dakis JoannouDAKIS JOANNOU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dianne WallaceDIANNE WALLACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Douglas McNeelyDOUGLAS MCNEELY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elisa NuytenELISA NUYTEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Eugenio LopezEUGENIO LOPEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Evan ChowEVAN CHOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Fusun EczacibasiFUSUN ECZACIBASI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gael NeesonGAEL NEESON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Hank LatnerHANK LATNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Hunter GrayHUNTER GRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
James C A McClennenJAMES C A MCCLENNEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jamie Singer SorosJAMIE SINGER SOROS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jill KrausJILL KRAUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joan LazarusJOAN LAZARUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ken KuchinKEN KUCHIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Laura SkolerLAURA SKOLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Leon AmitaiLEON AMITAI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa WatsonLISA WATSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Liza MauerLIZA MAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lola GoldringLOLA GOLDRING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maja HoffmannMAJA HOFFMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Manuel E GonzalezMANUEL E GONZALEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Matt MullenwegMATT MULLENWEG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nari WardNARI WARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Neda YoungNEDA YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter Boyce IIPETER BOYCE II
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richard MumbyRICHARD MUMBY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ruben LeviRUBEN LEVI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie FrenchSTEPHANIE FRENCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie HortonSTEPHANIE HORTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sue Hostetler WrigleySUE HOSTETLER WRIGLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sultan Sooud Al QassemiSULTAN SOOUD AL QASSEMI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sunny Y GoldbergSUNNY Y GOLDBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Susan FeinsteinSUSAN FEINSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tommie L PeguesTOMMIE L PEGUES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Zoltan VargaZOLTAN VARGA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dennis SzakacsDENNIS SZAKACS
CHIEF OPERATING OFFICER
- Total calculated
- $254,841
- From this org
- $218,855
- From related orgs
- $0
- Other
- $35,986
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,855
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $35,986
- Filer's total
- $254,841
-
Isolde BrielmaierISOLDE BRIELMAIER
DEPUTY DIRECTOR
- Total calculated
- $300,869
- From this org
- $300,739
- From related orgs
- $0
- Other
- $130
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,739
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $130
- Filer's total
- $300,869
-
Lisa PhillipsLISA PHILLIPS
TOBY DEVAN LEWIS DIRECTOR
- Total calculated
- $900,693
- From this org
- $854,602
- From related orgs
- $0
- Other
- $46,091
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $651,602
- Bonus
- $203,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $46,091
- Filer's total
- $900,693
-
Massimiliano GioniMASSIMILIANO GIONI
ARTISTIC DIRECTOR
- Total calculated
- $418,372
- From this org
- $405,711
- From related orgs
- $0
- Other
- $12,661
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $380,711
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,661
- Filer's total
- $418,372
-
Regan GrusyREGAN GRUSY
CHIEF OF STAFF & VP OF STRATEGY
- Total calculated
- $315,641
- From this org
- $300,868
- From related orgs
- $0
- Other
- $14,773
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,868
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,773
- Filer's total
- $315,641
-
Richard DrysdaleRICHARD DRYSDALE
VP, FINANCE & ADMINISTRATION
- Total calculated
- $228,537
- From this org
- $216,776
- From related orgs
- $0
- Other
- $11,761
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,776
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,761
- Filer's total
- $228,537
-
Diane VivonaDIANE VIVONA
VP FOR ADVANCEMENT
- Total calculated
- $228,536
- From this org
- $196,620
- From related orgs
- $0
- Other
- $31,916
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,620
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,916
- Filer's total
- $228,536
-
Keila TennentKEILA TENNENT
GENERAL COUNSEL & VP OF COMM.
- Total calculated
- $216,996
- From this org
- $198,874
- From related orgs
- $0
- Other
- $18,122
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,874
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $18,122
- Filer's total
- $216,996
-
Scott CampbellSCOTT CAMPBELL
DIR. OF CAMPAIGN ADVANCEMENT
- Total calculated
- $257,291
- From this org
- $242,453
- From related orgs
- $0
- Other
- $14,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,453
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,838
- Filer's total
- $257,291
-
Brian DoreBRIAN DORE
DIRECTOR OF FINANCE & ADMIN.
- Total calculated
- $167,905
- From this org
- $156,144
- From related orgs
- $0
- Other
- $11,761
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,144
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,761
- Filer's total
- $167,905
-
Imani A Desrameaux
Director of Human Resources
- Total calculated
- $138,010
- From this org
- $123,038
- From related orgs
- $0
- Other
- $14,972
- Hours/week
- 40
-
Indranie Sanichar
Director of IT
- Total calculated
- $146,388
- From this org
- $131,415
- From related orgs
- $0
- Other
- $14,973
- Hours/week
- 40
-
Mariah MazurMARIAH MAZUR
DIRECTOR OF DEVELOPMENT
- Total calculated
- $214,200
- From this org
- $214,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,200
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $214,200
-
Salome AsegaSALOME ASEGA
DIRECTOR, NEW INC
- Total calculated
- $158,293
- From this org
- $145,903
- From related orgs
- $0
- Other
- $12,390
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,903
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,390
- Filer's total
- $158,293
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
- 2023
- Filed
- 21 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540809349300124
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