2025-05-13T11:45:00-07:00 2024-06-30 990 2023-07-01 131624012 The Frick Collection FRIC 2122880700 1 East 70th Street New York NY 10021 Michael J Paccione COO/CFO & ASST TREAS 2025-05-13 true 2023 2025-03-06 01:10:19Z Axel Ruger 146953858 false X www.frick.org X 1920 NY The Frick Collection (the "Collection") operates an internationally recognized art museum and library program for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. 22 22 278 57157 56157 24313127 30439383 1568094 1482909 21078650 76842391 40416 1654836 47000287 110419519 35000 0 0 21215093 23317138 0 3994720 7982963 7465954 29233056 30783092 17767231 79636427 669514480 695604881 131035623 127904702 538478857 567700179 The Frick Collection (the "Collection") operates an internationally recognized art museum and library program for the inspiration and enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. false false 11722164 Museum Program: The Collection maintains and conserves over 1,100 works of art as part of its permanent art collection and the historic interiors of the Gilded Age mansion that houses them. The permanent art collection is made accessible to the public through exhibitions, research, and publications, as well as an array of education programs. The museum moved to a temporary location known as Frick Madison during the renovation and enhancement of its building at 1 East 70th Street. The museum was open at this location, 945 Madison Avenue, until March 3, 2024. From then until the end of FY2024 preparations began to move the collection and staff back to 1 East 70th Street. Attendance during the 2023 tax year was approximately 86,000 visitors. See Schedule O for additional information. 5396187 Library Program: The mission of the Frick Art Research Library is to provide public access to materials and programs focused on the study of fine and decorative arts created in the European tradition from the fourth through the twentieth centuries, as well as art from around the world that has been influenced by or had an influence on this tradition. The library serves an international research community and supports scholarly and programmatic initiatives throughout The Frick Collection. The Library provided on-site and remote services for all of the 2023 tax year, by welcoming 907 visitors, answering 591 research questions in person, answering 1,446 research questions by email, and filing 1,231 interlibrary loan and 2,727 document delivery requests. See Schedule O for additional information. 17118351 true true false false false false false true false true true true false false true true true false false false true false false false true false false false false true false false false false false false false false true true false false false false false false false true 78 0 true 278 true true true false false false false true true false 0 false false false false false false false X 22 22 false false false false false false false true true false false false true true true true true true true false CA CT FL IL MA MD MI NJ NY PA X X Michael J Paccione 2122880700 1 East 70th Street New York NY 10021 Ian Wardropper Kellen Dir& CEO 35.00 0.00 X 971757 0 58352 Katharine Chapman Deputy Director External Affairs 35.00 0.00 349733 0 58352 Joseph Shatoff Deputy Director & COO 35.00 0.00 307261 0 57882 Alexis Sandler GC & Asst Secr 35.00 0.00 X 305518 0 58173 Michael Paccione CFO & Asst Trea 35.00 0.00 X 324043 0 37615 Xavier Salomon Peter Jay Sharp Chief Curator 35.00 0.00 307702 0 44612 Carolyn Straub Ass. Dir. Cap Proj 35.00 0.00 223771 0 47963 Dennis Sweeney thru 324 Head of Operations 35.00 0.00 201403 0 45769 Stephen Bury A.W. Mellon Chief Librarian 35.00 0.00 212729 0 34195 Dana Winfield Chief HR Officer 35.00 0.00 212741 0 25630 Angie Calderwood Asst Dir of Devlop 35.00 0.00 193875 0 22702 Luisa Herrera Sen.Man.Spec. Proj 35.00 0.00 169274 0 19833 Heidi Rosenau Ass.Dir. of Commun 35.00 0.00 167876 0 20129 Virginia Barbato Trustee 1.00 0.00 X 0 0 0 Margot Bogert Trustee 1.00 0.00 X 0 0 0 Ayesha Bulchandani Trustee 1.00 0.00 X 0 0 0 Tai- Heng Cheng Trustee 1.00 0.00 X 0 0 0 Suzzara Durocher Trustee 1.00 0.00 X 0 0 0 R Bradford Evans Trustee 1.00 0.00 X 0 0 0 Elizabeth Eveillard Trustee & Chair 5.00 0.00 X X 0 0 0 Kathleen Feldstein Trustee & Secr 3.00 0.00 X X 0 0 0 Emily Frick thru 624 Trustee 1.00 0.00 X 0 0 0 Michael Horvitz Trustee&V.Chair 3.00 0.00 X X 0 0 0 Christian Keesee Trustee 1.00 0.00 X 0 0 0 Karen Gray- Krehbiel Trustee 1.00 0.00 X 0 0 0 Rafael Mason Trustee 1.00 0.00 X 0 0 0 Jane Moss Trustee 1.00 0.00 X 0 0 0 James Reibel Trustee 1.00 0.00 X 0 0 0 Charles Royce Trustee 1.00 0.00 X 0 0 0 Juan Sabater Trustee& Treas 3.00 0.00 X X 0 0 0 Stephen Schwarzman Trustee 1.00 0.00 X 0 0 0 Bernard Selz Trustee 1.00 0.00 X 0 0 0 Victoria Lea Smith Trustee 1.00 0.00 X 0 0 0 J Fife Symington IV Trustee 1.00 0.00 X 0 0 0 David Tobey Trustee 1.00 0.00 X 0 0 0 3947683 531207 40 false true false Sciame Construction LLC 14 Wall Street 20th Floor New York NY 10005 Construction Management 61976696 Beyer Blinder Belle 120 Broadway 20th Floor New York NY 10271 Architect 1957104 Derive Technologies LLC 40 Wall Street 20th Floor New York NY 10005 Information Technology 1234276 Cambridge Associates LLC 143 West 21st Street New York NY 10011 Investment Management 918279 Selldorf Architects 860 Broadway 2nd Floor New York NY 10003 Architect 893788 44 1685070 1524992 116905 27112416 1412765 30439383 Admissions 712110 959156 959156 Educational Programs 711130 19969 19969 Membership Dues 611600 503784 503784 1482909 3886648 3886648 0 7149 7149 0 108888762 35933019 72955743 72955743 72955743 151045 1524992 379655 -228610 -228610 0 492551 221665 270886 213729 57157 Extraordinary Income 1605411 1605411 1605411 110419519 220878 57157 79702101 0 0 0 0 2991483 615423 1734800 641260 0 14202712 5174591 7438566 1589555 1144247 690274 283582 170391 3640571 1573000 1539571 528000 1338125 807232 331631 199262 0 160910 97070 39879 23961 168295 101525 41709 25061 0 0 1801331 1801331 0 417069 417069 589567 161081 356190 72296 120436 72654 29848 17934 0 1337307 1337307 389609 201011 152668 35930 0 0 14567 14567 0 1566526 945017 388236 233273 418936 418936 Exhibition & Conservation Cost 1470214 1463145 7069 Service Contracts 640215 96596 530009 13610 System Contracts 587495 181089 393954 12452 Consultants & Outside Services 385080 292891 65589 26600 -2601603 4645752 -7652490 405135 30783092 17118351 9670021 3994720 0 43836499 16694451 32094935 31669564 0 0 0 0 860040 975579 131479 5181264 346128218 45728741 220206251 300399477 140850112 81806668 229067967 256700771 0 0 2467197 2177107 669514480 695604881 19797993 19003300 111237630 108901402 131035623 127904702 X 302593960 307340482 235884897 260359697 538478857 567700179 669514480 695604881 79636427 -50415105 X false true X true false X 25282841 15235597 32859395 23069110 30349356 126796299 0 0 25282841 15235597 32859395 23069110 30349356 126796299 39329158 87467141 2501963 1652686 5021130 1648462 3893737 14717978 0 63623 63623 141577900 0.61780 0.65320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 338528532 1121452 24631574 14557558 1559519 348164481 329671083 786976 26313119 17029567 1213079 338528532 362249426 704359 -12631207 19516243 1135072 329671083 313637294 631772 98949785 49856582 1112840 362249426 330113789 794420 2904649 18660304 1515260 313637294 0.76400 0.17600 0.06000 false false false 776088 776088 5662166 5662166 319796328 22436602 297359726 14823765 12791846 2031919 5069871 4838127 231744 300399477 256700771 Accrued Postretirement Welfare Benefits 7753760 Loan Payable 101147642 108901402 X 58444896 -50415105 -50415105 108860001 1559518 1559518 110419519 29824894 29824894 1559518 -601320 958198 30783092 Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o In accordance with elections made under Statement of Financial Accounting Standard No. 116 (SFAS 116), the Collection does not include either the cost or the value of its collections on its statement of financial position, nor does it recognize gifts of collection items as revenues in its statement of activities. Collection items are considered works of art, historical treasures, general research collections, and similar assets held for public exhibition, education, or research in furtherance of public service rather than financial gain. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Frick Collection was established by Pittsburgh industrialist Henry Clay Frick, who, upon his death in 1919, bequeathed his New York residence (since designated a National Historic Landmark) and remarkable collection of European paintings, sculpture and decorative arts for the enjoyment of the public and for the advancement of the study of fine arts and kindred subjects. The Frick Art Reference Library of the Collection was established in 1920 by Frick's daughter, Helen Clay Frick. The library's book and photograph research collections relate chiefly to paintings, drawings, sculpture, prints, and illuminated manuscripts from the 4th to the mid-20th centuries by European and American artists, and its archival materials and special collections augment the research collections with documents pertaining to the history of collecting art and of Frick's collecting in particular. The Collection's mission is to preserve and display for the public Frick's art collection in a domestic setting and to augment the Collection's art holdings; to provide access, understanding and enjoyment of the art collection to the public through special exhibitions, publications, public education programs, and research; to offer the visiting public an engaging view of life in the Gilded Age; and to serve as a center for research and to stimulate scholarship in the history of art. Part V, Line 4: Intended uses of the endowment fund. The aggregate endowment funds of The Frick Collection are the foundation of the institution. The endowments ensure the Frick's continued vitality by providing a consistent flow of funds that support all programatic, facility and related administrative costs of the organization. Part X : FIN48 Footnote The Collection recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that the Collection has no uncertain tax positions that would require financial statement disclosure. The Collection is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2015. Cntrl Amer.& Caribbean 0 0 Investment 63567695 Europe 0 0 Program Services Research/ Exhibitions 15000 63582695 63582695 true false true false true false Part I, Line 3f - Method of Accounting Expenditures are accounted for on a U.S. dollar basis. Part I, Line 3f - Investments and Expenditures The Collection has investments in funds that maintain headquarters located in the Caribbean and Central America. X X X X X X false CA CT DC FL IL MA MD MI NC NJ NY OH PA VA Autumn Dinner 1352435 1267285 85150 159568 Young Fellow's Ball 323602 257707 65895 220087 1676037 1524992 151045 379655 379655 -228610 X X true true X X X X X X true false false false false false false false false Alexis Sandler GC & Asst Secr 299343 6175 36600 21573 363691 Angie Calderwood Asst Dir of Devlop 189187 4688 22702 216577 Carolyn Straub Ass. Dir. Cap Proj 218421 5350 26211 21752 271734 Dana Winfield Chief HR Officer 208971 3770 25077 553 238371 Dennis Sweeney thru 324 Head of Operations 196903 4500 23628 22141 247172 Heidi Rosenau Ass.Dir. of Commun 163136 4740 19576 553 188005 Ian Wardropper Kellen Dir& CEO 776567 15190 180000 36600 21752 1030109 Joseph Shatoff Deputy Director & COO 301086 6175 36130 21752 365143 Katharine Chapman Deputy Director External Affairs 341336 8397 36600 21752 408085 Luisa Herrera Sen.Man.Spec. Proj 165274 4000 19833 189107 Michael Paccione CFO & Asst Trea 317868 6175 36600 1015 361658 Stephen Bury A.W. Mellon Chief Librarian 208936 3793 25072 9123 246924 Xavier Salomon Peter Jay Sharp Chief Curator 301634 6068 36196 8416 352314 Part I, Line 1a: Relevant information in regards to selections on 1a. Pursuant to a written employment agreement with the Director and Chief Executive Officer (the "Director"), the Collection provided a housing allowance. The housing allowance was part of the Directors compensation, as reviewed and approved by the Board of Trustees, and the value of this benefit was treated as taxable compensation. In addition, travel expenses for the Director's spouse are reimbursed when such travel is determined to be for a bona fide business purpose.Dennis Sweeney, Head of Operations left the Collection in March 2024. He received a severance payment of $11,361 in fiscal year 2024 (subsequent to the 2023 W2 filing). The severance payment is not included in his total earnings amount reported on Schedule J. The earnings amount reported on Schedule J is solely based on his 2023 W2 earnings. X 1 X X 21 1412765 Photoarchives 6 false true false Form 990, Part VI, Section B, Line 11b The Board of Trustees has delegated to the Audit Committee responsibility for oversight of the preparation and filing of the Form 990. The Audit Committee accordingly meets for the purpose of reviewing and commenting on a draft version of the Form 990 prior to filing. After the Form 990 is approved by the Audit Committee, a copy of the final return (without Schedule B, which is redacted to protect donor privacy) is made available to each member of the Board of Trustees before it is filed. The Form 990 additionally is reviewed by management prior to filing. Form 990, Part VI, Section B, Line 12c The Collections conflict of interest policy covers each member of the Board of Trustees, officer, key employee, other key person, and member of any committee of the Board of Trustees of the Collection (collectively "covered persons"). Each covered person makes annual written disclosures regarding entities known to do business with the Collection and in which the covered person or a family member of the covered person has a financial, ownership, personal, professional or organizational interest or affiliation. The completed disclosure statements are reviewed by the Collection's General Counsel and the chair of the Audit Committee. The policy additionally requires covered persons to disclose potential conflicts of interest as they arise, or become known to the covered person, to the Chair of the Board if the transaction will be considered for approval by the Board of Trustees, or, if the matter will come before a Committee of the Board, the relevant committee chair. The Chair or relevant committee chair reports the potential conflict to the chair of the Audit Committee and the General Counsel for evaluation and determination of whether an actual conflict of interest exists. Members of the Audit Committee may be consulted in making the determination, and, in any case, all disclosures and resulting determinations are reported to the Audit Committee. If it is determined that an actual conflict of interest exists, the Board of Trustees or committee, as applicable, is notified. If a covered person discloses a potential conflict of interest at a meeting during which the Board or committee is expected to take action on the matter, an actual conflict of interest is presumed under the policy. A transaction involving a conflict of interest for a covered person must be approved by only those Trustees or committee members who do not have a conflict with respect to the transaction. The covered person may not vote on the transaction or be present or participate in deliberations on the transaction, except that the covered person may present information concerning the transaction if so requested by the Board or relevant committee. Form 990, Part VI, Section B, Line 15b The Compensation Committee of the Board of Trustees recommends the compensation of the Director and Chief Executive Officer (the "Director") to the full Board of Trustees for its review and approval. The Compensation Committee also is responsible for setting the compensation of key employees and other employees who serve as officers of the Collection, based on the recommendations of the Director. The positions for which this procedure is followed are the the Chief Financial Officer and Assistant Treasurer; the General Counsel and Assistant Secretary; Deputy Director and Chief Operating Officer; the Chief Curator; the Deputy Director for External Affairs; Chief Human Resources Officer; and the Chief Librarian. In determining the reasonableness of compensation paid to each of the foregoing individuals, the Compensation Committee, and the Board of Trustees in the case of the Director, reviews comparability data available for peer organizations, including Forms 990 and published compensation surveys. The compensation analysis is undertaken annually, and the most recent review for each individual holding the positions listed above was undertaken in the 2021 tax year. The compensation committee additionally engaged an independent compensation consultant in the 2021 tax year to conduct a compensation survey for the position of Director and Chief Executive Officer. Form 990, Part VI, Section C, Line 19 The Collection was incorporated by act of the New York State legislature, and its charter therefore is a public document. The charter also has been published by the Collection. A copy of the Collection's audited financial statements may be obtained by written request to the Collection. Portions of the audited financial statements, such as the statement of financial position and the statement of activities, are reproduced in the Collection's Annual Report, which is available on the Collection's website. The Collections bylaws and conflict of interest policy are not generally available to the public. Form 990, Part III, Line 4A- Program Service Accomplishments Museum Program (continued)Education Programs: The Collection organized a total of 256 programs during the 2023 tax year serving approximately 10,844 individuals in total. These included online programs held on Zoom and Instagram Live as well as in-person programs held both onsite at Frick Madison and offsite at local schools and organizations. The Collection provided guided visits for students in grades 5 through 12, college and university students, seniors and community organizations, and private tour groups. Public programs held online included "Continue the Conversation", "Drawing Together", the IFA-Frick Symposium on the History of Art, and the new "Tabletop Atelier" held on Instagram Live. In-person programming consisted of Gallery Talks, "Sketch Nights", free Open Nights, and various Open House programs to name a few. Form 990, Part IX, Line 24a Program services, management and fundraising expenses include non-operating costs, a considerable portion of which are related to pension and other post-retirement benefits. These actuarially-calculated costs have a significant impact on the classification of functional expenses and their relative totals. Form 990, Part VI, Line 1a- Executive Committee The Board of Trustees has appointed an Executive Committee with the authority to exercise, during the intervals between regularly scheduled meetings of the Board of Trustees, all of the powers of the Board, except that the Executive Committee may not amend or repeal the bylaws of the Collection or adopt new bylaws; fill vacancies in the Board of Trustees or in any Committee; or amend or repeal any resolution of the Board of Trustees which by its terms is not amendable or repealable; to fix the compensation of Trustees, if any, for serving on the Board or any committee; to elect or remove Officers or Trustees; to approve a merger or plan of dissolution; to approve the sale, lease, exchange or other disposition of art or substantially all the assets of The Collection; or to ammend the charter of The Collection. The Executive Committee consists of the following members with voting rights: the Chair, the Vice Chair, the Secretary, and the Treasurer of the Collection, as well as such other Trustees as are recommended by the Chair and elected by the Board, in accordance with the Collections bylaws. The Director and Chief Executive Officer of the Collection is a nonvoting member of the Executive Committee.