2024-04-03T10:51:07-05:00 2023-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2022-07-01 131628183 NATIONAL ACADEMY OF DESIGN NATI 2123694880 519 WEST 26TH STREET 2 FL NEW YORK NY 10001 GREGORY WESSNER EXECUTIVE DIRECTOR 2123694880 2024-04-02 1 GREGORY WESSNER 999009999 0 FREDERICK MARTENS P00298107 2126972299 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X GREGORY WESSNER 519 WEST 26TH STREET 2 FL NEW YORK NY 10001 16863003 0 X WWW.NATIONALACADEMY.ORG X 1825 NY THE NATIONAL ACADEMY PROMOTES THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. 22 22 14 22 0 0 442006 534575 90000 0 4155738 829759 66933 17633 4754677 1381967 250000 73860 0 0 1343090 1419757 0 0 375114 1974205 1845039 3567295 3338656 1187382 -1956689 76726771 85729701 361433 4470262 76365338 81259439 X THE MISSION OF THE NATIONAL ACADEMY OF DESIGN IS TO PROMOTE THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. 0 0 1847137 73860 17633 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. 1847137 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 57 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ELIZA COVIELLO 2123694880 519 WEST 26TH STREET FLOOR 2 NEW YORK NY 10001 DOUG POLLEY CHAIR 10.00 X X 0 0 0 LESLIE WAYNE VICE CHAIR 10.00 X X 0 0 0 WENDY EVANS JOSEPH PRESIDENT 7.00 X X 0 0 0 ANDREW GINZEL VICE PRESIDENT 2.00 X X 0 0 0 STEVE BLITZ TREASURER 4.00 X X 0 0 0 BARBARA GROSSMAN SECRETARY 2.00 X X 0 0 0 LOCKIE ANDREWS GOVERNOR 2.00 X 0 0 0 PAUL BROCHES GOVERNOR 2.00 X 0 0 0 VERONICA BULGARI GOVERNOR 2.00 X 0 0 0 DONNA DENNIS GOVERNOR 2.00 X 0 0 0 AMY GOLDRICH GOVERNOR 2.00 X 0 0 0 JULIE HEFFERNAN GOVERNOR 2.00 X 0 0 0 LISA HOKE GOVERNOR 2.00 X 0 0 0 HOLLY HOTCHNER GOVERNOR 2.00 X 0 0 0 ROBERTO JUAREZ GOVERNOR 2.00 X 0 0 0 RICHARD KALINA GOVERNOR 2.00 X 0 0 0 HELAINE POSNER GOVERNOR 2.00 X 0 0 0 SUE SCOTT GOVERNOR 2.00 X 0 0 0 JAMES SIENA GOVERNOR 2.00 X 0 0 0 SAMIRA SINE GOVERNOR 2.00 X 0 0 0 JANE STAGEBERG GOVERNOR 2.00 X 0 0 0 NICO WHEADON GOVERNOR 2.00 X 0 0 0 GREGORY WESSNER EXECUTIVE DIRECTOR 40.00 X 170346 0 20274 ELIZA COVIELLO DEPUTY DIRECTOR 40.00 X 135304 0 16402 SARA REISMAN CHIEF CURATOR 40.00 X 122376 0 11122 THOMAS E MOORE III DIRECTOR OF DEVELOPMENT 40.00 X 117471 0 15949 DIANA THOMPSON DIRECTOR OF COLLECTIONS 40.00 X 107721 0 15365 ADRIENNE TARVER DIRECTOR OF PROGRAMS 40.00 X 101334 0 10747 754552 0 89859 6 0 1 0 YOUR PART TIME CONTROLLER PO BOX 1209 MOUNT LAUREL NJ 08054 PROFESSIONAL ACCOUNTING SERVICES 110718 1 112183 422392 79183 534575 1942714 1942714 14368081 15481036 -1112955 -1112955 -1112955 0 112183 0 0 OTHER INCOME 900099 17633 17633 17633 1381967 17633 0 829759 73860 73860 347817 69164 225562 53091 862528 655047 53748 153733 14495 8776 3235 2484 89400 62723 10744 15933 105517 63886 23547 18084 230127 230127 84162 84162 153601 67163 67289 19149 207116 73767 103075 30274 6280 4175 2105 381061 230479 106324 44258 447501 342886 68562 36053 109147 44303 64489 355 108110 39674 68436 EVENT EXPENSE 73535 71835 1700 OTHER 36149 31149 5000 INTERN STIPENDS 8250 8250 3338656 1847137 1116405 375114 238831 59673 1166442 1132573 10000 118676 91908 37536 118076 799353 361727 306466 437626 55805942 63494952 19007878 16204024 35000 4190869 76726771 85729701 361433 171880 0 4298382 361433 4470262 X 62686354 65888250 13678984 15371189 76365338 81259439 76726771 85729701 -1956689 6850790 0 X 0 1 X 1 0 X 289991 232733 660102 442006 534575 2159407 289991 232733 660102 442006 534575 2159407 526546 1632861 1028960 1795961 1229288 1340759 1942714 7337682 177272 18028 41523 66933 17633 321389 9818478 150000 0.16630 0.15230 X 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). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 74274171 26500 7388319 2502580 79186410 90877718 97390 -14148141 2552796 74274171 77886572 201236 14644566 1854656 90877718 79177320 20000 481527 1792275 77886572 33373841 44379932 3468969 2045422 79177320 0.80840 0.07830 0.11330 0 0 222409 222409 576944 361727 215217 437626 INVESTMENT FUNDS - LONG/SHORT EQUITIES 15353633 F INVESTMENT FUNDS - REAL ESTATE 850391 F 16204024 OPERATING LEASE LIABILITY 4298382 4298382 8003130 6850790 500 6851290 1151840 230127 230127 1381967 3109029 500 500 3108529 230127 230127 3338656 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. AUCTION 112183 112183 112183 112183 1 ABBEY MURAL GRANT AWARD 2 73860 PART I, LINE 2: 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. X X X X 0 0 0 0 0 0 0 0 0 GREGORY WESSNER EXECUTIVE DIRECTOR 170346 0 0 0 0 0 7000 0 13274 0 190620 0 0 0 ELIZA COVIELLO DEPUTY DIRECTOR 135304 0 0 0 0 0 5503 0 10899 0 151706 0 0 0 X 14 49183 AUCTION SALE AMOUNT X LEASEHOLD IMPROVEMENTS 1 30000 FAIR MARKET VALUE 0 0 1 0 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.