NATIONAL ACADEMY OF DESIGN: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL ACADEMY OF DESIGN (EIN 13-1628183)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-04-03
- IRS object ID
- 202420949349301607
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-03T10:51:07-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 131655065 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUTZ AND CARR CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 551 FIFTH AVENUE SUITE 400 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10176 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131628183 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ACADEMY OF DESIGN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 2123694880 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 519 WEST 26TH STREET 2 FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGORY WESSNER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2123694880 | PhoneNum |
| Signature | 2024-04-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GREGORY | PersonFirstNm |
| Person Last | WESSNER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FREDERICK MARTENS | PreparerPersonNm |
| PTIN | P00298107 | PTIN |
| Phone | 2126972299 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | GREGORY WESSNER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 519 WEST 26TH STREET 2 FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $16,863,003 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NATIONALACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1825 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE NATIONAL ACADEMY PROMOTES THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Total Volunteers | 22 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $442,006 | PYContributionsGrantsAmt |
| CY Contributions Grants | $534,575 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $90,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,155,738 | PYInvestmentIncomeAmt |
| CY Investment Income | $829,759 | CYInvestmentIncomeAmt |
| PY Other Revenue | $66,933 | PYOtherRevenueAmt |
| CY Other Revenue | $17,633 | CYOtherRevenueAmt |
| PY Total Revenue | $4,754,677 | PYTotalRevenueAmt |
| CY Total Revenue | $1,381,967 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $250,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $73,860 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,343,090 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,419,757 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $375,114 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,974,205 | PYOtherExpensesAmt |
| CY Other Expenses | $1,845,039 | CYOtherExpensesAmt |
| PY Total Expenses | $3,567,295 | PYTotalExpensesAmt |
| CY Total Expenses | $3,338,656 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,187,382 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,956,689 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $76,726,771 | TotalAssetsBOYAmt |
| Total Assets EOY | $85,729,701 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $361,433 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,470,262 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $76,365,338 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $81,259,439 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE NATIONAL ACADEMY OF DESIGN IS TO PROMOTE THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,847,137 | ExpenseAmt |
| Grant | $73,860 | GrantAmt |
| Revenue | $17,633 | RevenueAmt |
| Desc | ART EXHIBITIONS:SINCE 1825, THE NATIONAL ACADEMY HAS ORGANIZED SCHOLARLY AND PUBLICLY ACCESSIBLE EXHIBITIONS OF AMERICAN ART AND ARCHITECTURE THAT FOCUS ON THE WORK OF INDIVIDUAL ARTISTS AND ARCHITECTS, AS WELL AS EXPLORE IMPORTANT THEMES, EVENTS,AND ISSUES OF THE DAY.COLLECTIONS:THE NATIONAL ACADEMY'S PERMANENT COLLECTION OF NEARLY 8,000 WORKS IS UNLIKE ANY OTHER IN THE UNITED STATES. THE MISSION OF THE NATIONAL ACADEMY OF DESIGN IS TO PROMOTE AMERICAN ART AND ARCHITECTURE THROUGH EXHIBITION AND INSTRUCTION, INCLUDING THROUGH THE USE OF ITS UNIQUE COLLECTION. PUBLIC PROGRAMS:THE ACADEMY'S PUBLICLY ACCESSIBLE PROGRAMMING HAS BEEN DEVELOPED TO ACCOMPANY AND PROVIDE CONTEXT FOR ONGOING ACTIVITIES AT THE ORGANIZATION. THESE PROGRAMS INCLUDE ARTIST/ARCHITECT PANELS AND DISCUSSIONS, A PODCAST, A RESIDENCY, GRANT PROGRAMS, LECTURES, AND MORE. | Desc |
| Total Program Service Expenses | $1,847,137 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 57 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 14 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZA COVIELLO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123694880 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 519 WEST 26TH STREET FLOOR 2 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DOUG POLLEY | |||||||
| CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LESLIE WAYNE | |||||||
| VICE CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| WENDY EVANS JOSEPH | |||||||
| PRESIDENT | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANDREW GINZEL | |||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| STEVE BLITZ | |||||||
| TREASURER | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BARBARA GROSSMAN | |||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LOCKIE ANDREWS | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL BROCHES | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| VERONICA BULGARI | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DONNA DENNIS | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| AMY GOLDRICH | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIE HEFFERNAN | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA HOKE | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HOLLY HOTCHNER | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERTO JUAREZ | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD KALINA | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HELAINE POSNER | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SUE SCOTT | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES SIENA | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMIRA SINE | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JANE STAGEBERG | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NICO WHEADON | |||||||
| GOVERNOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GREGORY WESSNER | |||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $170,346 | $0 | $20,274 | ||
| ELIZA COVIELLO | |||||||
| DEPUTY DIRECTOR | 40.00 | Yes (X) | $135,304 | $0 | $16,402 | ||
| SARA REISMAN | |||||||
| CHIEF CURATOR | 40.00 | $122,376 | $0 | $11,122 | Yes (X) | ||
| THOMAS E MOORE III | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $117,471 | $0 | $15,949 | Yes (X) | ||
| DIANA THOMPSON | |||||||
| DIRECTOR OF COLLECTIONS | 40.00 | $107,721 | $0 | $15,365 | Yes (X) | ||
| ADRIENNE TARVER | |||||||
| DIRECTOR OF PROGRAMS | 40.00 | $101,334 | $0 | $10,747 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $754,552 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $89,859 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YOUR PART TIME CONTROLLER | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1209 | AddressLine1Txt |
| City | MOUNT LAUREL | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08054 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | PROFESSIONAL ACCOUNTING SERVICES | ServicesDesc |
| Compensation | $110,718 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $112,183 | FundraisingAmt |
| All Other Contributions | $422,392 | AllOtherContributionsAmt |
| Noncash Contributions | $79,183 | NoncashContributionsAmt |
| Total Contributions | $534,575 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,942,714 | TotalRevenueColumnAmt |
| Exclusion | $1,942,714 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $14,368,081 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,481,036 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,112,955 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,112,955 | TotalRevenueColumnAmt |
| Exclusion | -$1,112,955 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $112,183 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $17,633 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,633 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $17,633 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,381,967 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,633 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $829,759 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,860 | TotalAmt |
| Program Services | $73,860 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $347,817 | TotalAmt |
| Program Services | $69,164 | ProgramServicesAmt |
| Management And General | $225,562 | ManagementAndGeneralAmt |
| Fundraising | $53,091 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $862,528 | TotalAmt |
| Program Services | $655,047 | ProgramServicesAmt |
| Management And General | $53,748 | ManagementAndGeneralAmt |
| Fundraising | $153,733 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,495 | TotalAmt |
| Program Services | $8,776 | ProgramServicesAmt |
| Management And General | $3,235 | ManagementAndGeneralAmt |
| Fundraising | $2,484 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,400 | TotalAmt |
| Program Services | $62,723 | ProgramServicesAmt |
| Management And General | $10,744 | ManagementAndGeneralAmt |
| Fundraising | $15,933 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,517 | TotalAmt |
| Program Services | $63,886 | ProgramServicesAmt |
| Management And General | $23,547 | ManagementAndGeneralAmt |
| Fundraising | $18,084 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,127 | TotalAmt |
| Management And General | $230,127 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,162 | TotalAmt |
| Management And General | $84,162 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,601 | TotalAmt |
| Program Services | $67,163 | ProgramServicesAmt |
| Management And General | $67,289 | ManagementAndGeneralAmt |
| Fundraising | $19,149 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $207,116 | TotalAmt |
| Program Services | $73,767 | ProgramServicesAmt |
| Management And General | $103,075 | ManagementAndGeneralAmt |
| Fundraising | $30,274 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,280 | TotalAmt |
| Program Services | $4,175 | ProgramServicesAmt |
| Management And General | $2,105 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $381,061 | TotalAmt |
| Program Services | $230,479 | ProgramServicesAmt |
| Management And General | $106,324 | ManagementAndGeneralAmt |
| Fundraising | $44,258 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $447,501 | TotalAmt |
| Program Services | $342,886 | ProgramServicesAmt |
| Management And General | $68,562 | ManagementAndGeneralAmt |
| Fundraising | $36,053 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,147 | TotalAmt |
| Program Services | $44,303 | ProgramServicesAmt |
| Management And General | $64,489 | ManagementAndGeneralAmt |
| Fundraising | $355 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,110 | TotalAmt |
| Program Services | $39,674 | ProgramServicesAmt |
| Management And General | $68,436 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| EVENT EXPENSE | $73,535 | $71,835 | $1,700 | |
| OTHER | $36,149 | $31,149 | $5,000 | |
| INTERN STIPENDS | $8,250 | $8,250 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,338,656 | TotalAmt |
| Program Services | $1,847,137 | ProgramServicesAmt |
| Management And General | $1,116,405 | ManagementAndGeneralAmt |
| Fundraising | $375,114 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,831 | BOYAmt |
| EOY | $59,673 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,166,442 | BOYAmt |
| EOY | $1,132,573 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,676 | BOYAmt |
| EOY | $91,908 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,536 | BOYAmt |
| EOY | $118,076 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $799,353 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $361,727 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,466 | BOYAmt |
| EOY | $437,626 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,805,942 | BOYAmt |
| EOY | $63,494,952 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,007,878 | BOYAmt |
| EOY | $16,204,024 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,000 | BOYAmt |
| EOY | $4,190,869 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,726,771 | BOYAmt |
| EOY | $85,729,701 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $361,433 | BOYAmt |
| EOY | $171,880 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,298,382 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $361,433 | BOYAmt |
| EOY | $4,470,262 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,686,354 | BOYAmt |
| EOY | $65,888,250 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,678,984 | BOYAmt |
| EOY | $15,371,189 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,365,338 | BOYAmt |
| EOY | $81,259,439 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,726,771 | BOYAmt |
| EOY | $85,729,701 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,956,689 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,850,790 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $289,991 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $232,733 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $660,102 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $442,006 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $534,575 | CurrentTaxYearAmt |
| Total | $2,159,407 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $289,991 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $232,733 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $660,102 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $442,006 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $534,575 | CurrentTaxYearAmt |
| Total | $2,159,407 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $526,546 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,632,861 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,028,960 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,795,961 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,229,288 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,340,759 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,942,714 | CurrentTaxYearAmt |
| Total | $7,337,682 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $177,272 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,028 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $41,523 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $66,933 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,633 | CurrentTaxYearAmt |
| Total | $321,389 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $9,818,478 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $150,000 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.16630 | PublicSupportCY170Pct |
| Public Support PY170 | 0.15230 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
| Facts And Circumstances Test | NATIONAL ACADEMY OF DESIGN'S PERCENTAGE OF PUBLIC SUPPORT IS LESS THAN 33 1/3%. HOWEVER, ITS PUBLIC SUPPORT IS MORE THAN 10% OF ITS TOTAL SUPPORT. THE ACADEMY HAS A SOLICITATION PLAN FOR ATTRACTING PUBLIC SUPPORT AND A HAS A BROAD, REPRESENTATIVE GOVERNING BODY. ITS PROGRAM SERVICES DIRECTLY BENEFIT THE GENERAL PUBLIC. THEREFORE, NATIONAL ACADEMY OF DESIGN QUALIFIES FOR NON-PRIVATE FOUNDATION STATUS UNDER THE FACTS AND CIRCUMSTANCES TEST OF IRC SEC 170(B)(1)(A)(VI). | FactsAndCircumstancesTestTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $74,274,171 | BeginningYearBalanceAmt |
| Contributions | $26,500 | ContributionsAmt |
| Investment Earnings Or Losses | $7,388,319 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,502,580 | OtherExpendituresAmt |
| End Year Balance | $79,186,410 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,877,718 | BeginningYearBalanceAmt |
| Contributions | $97,390 | ContributionsAmt |
| Investment Earnings Or Losses | -$14,148,141 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,552,796 | OtherExpendituresAmt |
| End Year Balance | $74,274,171 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $77,886,572 | BeginningYearBalanceAmt |
| Contributions | $201,236 | ContributionsAmt |
| Investment Earnings Or Losses | $14,644,566 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,854,656 | OtherExpendituresAmt |
| End Year Balance | $90,877,718 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $79,177,320 | BeginningYearBalanceAmt |
| Contributions | $20,000 | ContributionsAmt |
| Investment Earnings Or Losses | $481,527 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,792,275 | OtherExpendituresAmt |
| End Year Balance | $77,886,572 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $33,373,841 | BeginningYearBalanceAmt |
| Contributions | $44,379,932 | ContributionsAmt |
| Investment Earnings Or Losses | $3,468,969 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,045,422 | OtherExpendituresAmt |
| End Year Balance | $79,177,320 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.80840 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.07830 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.11330 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $222,409 | OtherCostOrOtherBasisAmt |
| Book Value | $222,409 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $576,944 | OtherCostOrOtherBasisAmt |
| Depreciation | $361,727 | DepreciationAmt |
| Book Value | $215,217 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $437,626 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT FUNDS - LONG/SHORT EQUITIES | $15,353,633 | F |
| INVESTMENT FUNDS - REAL ESTATE | $850,391 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $16,204,024 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| Amt | $4,298,382 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,298,382 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $8,003,130 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $6,850,790 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $500 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $6,851,290 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,151,840 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $230,127 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $230,127 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,381,967 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,109,029 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $500 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $500 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,108,529 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $230,127 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $230,127 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,338,656 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | THE ACADEMY HAS EXTRAORDINARY COLLECTIONS OF PAINTINGS, SCULPTURES AND WORKS ON PAPER DATING FROM THE LATE EIGHTEENTH CENTURY TO THE PRESENT. IN ADDITION, IT HAS A SUBSTANTIAL BODY OF ARCHIVAL MATERIAL RELATED TO THE HISTORY OF THE ACADEMY AND ITS ARTIST MEMBERS. A ROTATING SELECTION FROM THE COLLECTIONS ARE USUALLY EXHIBITED IN ITS GALLERIES AND THE COLLECTIONS ARE ALSO MADE AVAILABLE FOR RESEARCH BY SCHOLARS OR OTHER INTERESTED PARTIES. THE ACADEMY EMPLOYS A CURATOR TO ENSURE THAT THE COLLECTIONS ARE PROTECTED AND PRESERVED. MOST WORKS OF ART OWNED BY THE ACADEMY HAVE BEEN GIVEN BY ITS ARTIST MEMBERS IN ORDER TO FULFILL MEMBERSHIP REQUIREMENTS, WHILE A SMALLER GROUP OF WORKS HAVE BEEN DONATED BY OTHERS. THE COLLECTIONS ARE MAINTAINED FOR THE PROMOTION OF AMERICAN ART, RATHER THAN FOR FINANCIAL GAIN. IN CONFORMITY WITH ACCOUNTING POLICIES GENERALLY FOLLOWED BY ART MUSEUMS, THE VALUE OF THE ACADEMY'S COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENT OF FINANCIAL POSITION. |
| PART III, LINE 4: | THE COLLECTIONS ARE COMPRISED OF APPROXIMATELY 8,000 PAINTINGS, DRAWINGS, SCULPTURES, AND WORKS ON PAPER, ALL CONTRIBUTED BY INDIVIDUALS ELECTED AS ACADEMICIANS. THE COLLECTIONS ENABLE ONE TO CONTEXTUALIZE THE PLACE OF THE NATIONAL ACADEMY WITHIN THE NARRATIVE OF AMERICAN ART, AND SHOWCASE THE PROMINENT ROLE IT HAS PLAYED IN THE CULTURAL AND ARTISTIC LIFE THROUGHOUT THE NINETEENTH, TWENTIETH AND INTO THE TWENTY-FIRST CENTURY. |
| PART V, LINE 4: | EARNINGS FROM THE ACADEMY'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE ACADEMY'S PROGRAMS AND GENERAL OPERATIONS. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $112,183 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $112,183 | CharitableContriEvent1Amt |
| Gross Receipts Total | $112,183 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $112,183 | CharitableContributionsTotAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | ABBEY MURAL GRANT AWARD | GrantTypeTxt |
| Recipient | 2 | RecipientCnt |
| Cash Grant | $73,860 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | CREATED IN 1932 THROUGH AN ENDOWED BEQUEST IN HONOR OF ILLUSTRATOR AND MURALIST EDWIN AUSTIN ABBEY NA, THE ABBEY MURAL PRIZE AWARDS GRANTS TO SUPPORT THE COMMISSION OF PUBLIC MURALS IN THE UNITED STATES. BUILDING ON A TRADITION OF PUBLIC MURALS AS INSTRUMENTS OF SOCIAL ACTIVISM, NEIGHBORHOOD REVITALIZATION, AND COMMUNITY ENGAGEMENT, THE ABBEY MURAL PRIZE AIMS TO BROADEN SUPPORT AND RECOGNITION OF THE VITAL ROLE THAT MURALS PLAY IN MAKING PUBLIC SPACE MORE OPEN AND ACCESSIBLE. JURIED BY THE ACADEMY'S ABBEY MURAL COMMITTEE, THE ABBEY MURAL PRIZE SUPPORTS PROJECTS BY INDIVIDUALS OR ORGANIZATIONS WITH GRANTS RANGING FROM $10,000 TO $40,000. GRANTS ARE AWARDED FOR THE CREATION OR RESTORATION OF PUBLIC MURALS, ESPECIALLY THOSE THAT PROMOTE ACCESSIBILITY, SERVE LOCAL AUDIENCES, AND INSPIRE COMMUNITY DIALOGUE. FUNDED PROJECTS MUST BE IN OR ON PUBLIC BUILDINGS OR ON BUILDINGS OWNED BY CHARITABLE INSTITUTIONS; OTHERWISE, THERE ARE NO RESTRICTIONS. WHILE MURALS ARE CONVENTIONALLY DEFINED AS PAINTINGS OR MOSAICS ON A WALL, THE ABBEY MURAL PRIZE ENCOURAGES PROPOSALS THAT BROADEN THE DEFINITION OF WHAT A PUBLIC MURAL CAN BE. GRANTEES AGREE TO PROVIDE A PRESENTATION, AS A WRITTEN REPORT AND WITH COLLECTION OF IMAGES, ON THE USE OF THE AWARD AS SET FORTH ABOVE SENT TO THE NATIONAL ACADEMY WITHIN THREE MONTHS OF THE PROJECT'S COMPLETION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GREGORY WESSNER | ||||||||||||||
| EXECUTIVE DIRECTOR | $170,346 | $0 | $0 | $0 | $0 | $0 | $7,000 | $0 | $13,274 | $0 | $190,620 | $0 | $0 | $0 |
| ELIZA COVIELLO | ||||||||||||||
| DEPUTY DIRECTOR | $135,304 | $0 | $0 | $0 | $0 | $0 | $5,503 | $0 | $10,899 | $0 | $151,706 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 14 | ContributionCnt |
| Noncash Contributions Rpt F990 | $49,183 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AUCTION SALE AMOUNT | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | LEASEHOLD IMPROVEMENTS | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $30,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE IS COMPRISED OF THE OFFICERS OF THE BOARD, AND ALL ARE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE MAY EXERCISE, SUBJECT AT ALL TIMES TO THE GENERAL DIRECTION AND CONTROL OF THE BOARD, ALL OF THE POWERS AND AUTHORITY NECESSARY TO CONDUCT THE NORMAL OPERATIONS OF THE ACADEMY, INCLUDING AUTHORIZATION TO SIGN DOCUMENTS ON BEHALF OF THE ACADEMY. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY WITH REGARD TO THE SUBMISSION TO THE ACADEMICIANS OF ANY ACTION REQUIRING THEIR APPROVAL, THE FILLING OF VACANCIES ON THE BOARD OR IN ANY COMMITTEE, THE AMENDMENT OR REPEAL OF THE BYLAWS OR THE ADOPTION OF NEW BYLAWS, THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD, WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE, OR THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ANY COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERSHIP OF THE ACADEMY CONSISTS OF PAINTERS, SCULPTORS, ARCHITECTS AND WORKERS IN THE GRAPHIC ARTS WHO HAVE BEEN ELECTED TO MEMBERSHIP. THE NUMBER OF ACADEMICIANS IS LIMITED TO 450. THE ACADEMY HAS TWO (2) CLASSES OF ACADEMICIANS, CORRESPONDING TO THE TWO (2) PROFESSIONAL CLASSES PROMOTED BY THE ACADEMY: VISUAL ARTS AND ARCHITECTURE. |
| FORM 990, PART VI, SECTION A, LINE 7A | ACADEMICIANS (MEMBERS), WHO ARE ARTISTS AND ARCHITECTS SELECTED BY PEERS, ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BODY OF THE ACADEMICIANS SHALL HAVE THE SOLE POWER TO AUTHORIZE: (A) THE MORTGAGE OR OTHER DISPOSITION OF ANY REAL PROPERTY OWNED BY THE ACADEMY AND OCCUPIED AND USED BY THE SCHOOLS, EXHIBITIONS, GALLERIES, THE MUSEUM AND ADMINISTRATIVE OFFICES OF THE ACADEMY AND (B) THE SALE OR DISPOSITION OF ANY WORK OF ART OWNED BY THE ACADEMY. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE ORGANIZATION'S ACCOUNTANTS, THE EXECUTIVE DIRECTOR, THE TREASURER, AND THE FINANCE COMMITTEE, THEN DISTRIBUTED TO FULL BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS, WHO REVIEW POTENTIAL CONFLICTS AND MAKE A DETERMINATION ON WHETHER A CONFLICT IN FACT EXISTS. THE PERSON WITH A POTENTIAL CONFLICT OF INTEREST LEAVES DURING THE DISCUSSION OF AND VOTING ON THE ISSUE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE REVIEWS THE PERFORMANCE OF THE DIRECTOR AND APPROVES ANY CHANGES IN COMPENSATION. THE COMMITTEE REVIEWS COMPENSATION OF MUSEUM DIRECTORS AT MUSEUMS WITH SIMILAR BUDGETS IN NEW YORK CITY. ALL SALARIES AND SALARY RANGES FOR POSITIONS ARE ALIGNED WITH OR EXCEED NON-PROFITS ARTS ORGANIZATION STANDARDS FOUND IN ANNUAL SALARY REPORTS, SUCH AS AMERICAN ASSOCIATION OF MUSEUM DIRECTORS, PNP STAFFING GROUP, AND NONPROFIT NEW YORK, AMONG OTHERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |