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      <Form990PartVIISectionAGrp>
        <PersonNm>Jack Gordon</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Jack Howard-Potter</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Michael Jacobs resigned</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Stephen Rosenthal</PersonNm>
        <TitleTxt>BOARD MEMBER</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Jacquetta Szathmari</PersonNm>
        <TitleTxt>BOARD MEMBER</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Charles van Horne</PersonNm>
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        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Brian Zukauskas</PersonNm>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>38421</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>4</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>true</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
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          <PersonNm>DavisGilbert LLP</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>1675 Broadway</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>LEGAL</ServicesDesc>
        <CompensationAmt>164456</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>AFGO MECHANICAL SERVICES INC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>36-14 32nd St</AddressLine1Txt>
            <CityNm>QUEENS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11106</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>REPAIRS</ServicesDesc>
        <CompensationAmt>128950</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>BEAR CONSTRUCTION REPAIRS CORP</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>2300 Ocean Ave</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11229</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>REPAIRS</ServicesDesc>
        <CompensationAmt>751772</CompensationAmt>
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      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>Tech Alliance</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>420 Lexington Ave 3rd floor</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10170</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>IT SUPPORT</ServicesDesc>
        <CompensationAmt>197282</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>WithumSmithBrown PC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>506 Carnegie Center 400</AddressLine1Txt>
            <CityNm>PRINCETON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08540</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>ACCOUNTING</ServicesDesc>
        <CompensationAmt>106319</CompensationAmt>
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      <GovernmentGrantsAmt>1436400</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>1748406</AllOtherContributionsAmt>
      <TotalContributionsAmt>3184806</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>TUITION INCOME</Desc>
        <BusinessCd>611610</BusinessCd>
        <TotalRevenueColumnAmt>3126400</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>3126400</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>DUES AND FEES</Desc>
        <BusinessCd>611610</BusinessCd>
        <TotalRevenueColumnAmt>230914</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>230914</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>STORE &amp; CAFETERIA SALES, NET OF COST OF GOODS SOLD</Desc>
        <BusinessCd>611610</BusinessCd>
        <TotalRevenueColumnAmt>70526</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>70526</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>OTHER INCOME</Desc>
        <BusinessCd>611610</BusinessCd>
        <TotalRevenueColumnAmt>18524</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>18524</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>FACILITY RENTAL INCOME</Desc>
        <BusinessCd>611610</BusinessCd>
        <TotalRevenueColumnAmt>15845</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>15845</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>3462209</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>3891274</TotalRevenueColumnAmt>
        <ExclusionAmt>3891274</ExclusionAmt>
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        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
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      <RoyaltiesRevenueGrp>
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      <RentalIncomeOrLossGrp>
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        <PersonalAmt>0</PersonalAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
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      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>11848480</SecuritiesAmt>
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      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>4500000</SecuritiesAmt>
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        <SecuritiesAmt>7348480</SecuritiesAmt>
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      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>7348480</TotalRevenueColumnAmt>
        <ExclusionAmt>7348480</ExclusionAmt>
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      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
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      <GamingGrossIncomeAmt>0</GamingGrossIncomeAmt>
      <GamingDirectExpensesAmt>0</GamingDirectExpensesAmt>
      <NetIncomeFromGamingGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
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      <CostOfGoodsSoldAmt>0</CostOfGoodsSoldAmt>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncomeOrLossGrp>
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        <Desc>INSURANCE PROCEEDS (WATER DAMAGE)</Desc>
        <BusinessCd>611610</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>401487</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>401487</OtherRevenueTotalAmt>
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        <ExclusionAmt>11239754</ExclusionAmt>
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      <GrantsToDomesticOrgsGrp>
        <TotalAmt>0</TotalAmt>
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      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>6875</TotalAmt>
        <ProgramServicesAmt>6875</ProgramServicesAmt>
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      <BenefitsToMembersGrp>
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      <CompCurrentOfcrDirectorsGrp>
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        <ProgramServicesAmt>87095</ProgramServicesAmt>
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        <FundraisingAmt>43547</FundraisingAmt>
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        <ProgramServicesAmt>63184</ProgramServicesAmt>
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      <FeesForServicesManagementGrp>
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      <FeesForServicesLegalGrp>
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        <ProgramServicesAmt>29028</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>53525</ManagementAndGeneralAmt>
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      <FeesForServicesLobbyingGrp>
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      </FeesForServicesLobbyingGrp>
      <FeesForServicesProfFundraising>
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      </FeesForServicesProfFundraising>
      <FeesForSrvcInvstMgmntFeesGrp>
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        <ManagementAndGeneralAmt>617316</ManagementAndGeneralAmt>
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      <AdvertisingGrp>
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        <ProgramServicesAmt>18303</ProgramServicesAmt>
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        <ProgramServicesAmt>20020</ProgramServicesAmt>
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        <FundraisingAmt>384</FundraisingAmt>
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        <FundraisingAmt>32500</FundraisingAmt>
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        <ProgramServicesAmt>1460</ProgramServicesAmt>
        <ManagementAndGeneralAmt>6145</ManagementAndGeneralAmt>
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      <PymtTravelEntrtnmntPubOfclGrp>
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      </PymtTravelEntrtnmntPubOfclGrp>
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      <PaymentsToAffiliatesGrp>
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      <OtherExpensesGrp>
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      <OtherExpensesGrp>
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        <EOYAmt>0</EOYAmt>
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        <EOYAmt>91173</EOYAmt>
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        <EOYAmt>6196133</EOYAmt>
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        <EOYAmt>117397924</EOYAmt>
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        <EOYAmt>0</EOYAmt>
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      <InvestmentsProgramRelatedGrp>
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        <EOYAmt>0</EOYAmt>
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        <EOYAmt>0</EOYAmt>
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      <OtherAssetsTotalGrp>
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        <EOYAmt>16453</EOYAmt>
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      <TotalAssetsGrp>
        <BOYAmt>98314506</BOYAmt>
        <EOYAmt>130358778</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
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        <EOYAmt>622793</EOYAmt>
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      <GrantsPayableGrp>
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        <EOYAmt>0</EOYAmt>
      </GrantsPayableGrp>
      <DeferredRevenueGrp>
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        <EOYAmt>1379923</EOYAmt>
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      <TaxExemptBondLiabilitiesGrp>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>ELIMINATE FINANCIAL STATEMENT CONSOLIDATION OF AMERICAN FINE ARTS SOCIETY EXPENSES OF $3,075 (EIN 13-6000080)FORM 990-EZ FILED SEPARATELY.</ExplanationTxt>
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        <ExplanationTxt>THE LEAGUE MAINTAINS A PERMANENT COLLECTION OF PAINTINGS, DRAWINGS AND SCULPTURES OF THE LEAGUE'S PAST AND CURRENT INSTRUCTORS AND STUDENTS, AND OTHER ARTISTS, WHICH ARE HELD FOR PUBLIC EXHIBITIONS AND PRESERVED BY THE LEAGUE FOR THIS PURPOSES. THE ORGANIZATION ELECTED THAT THE PERMANENT COLLECTION IS NOT CAPITALIZED.</ExplanationTxt>
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        <ExplanationTxt>THE LEAGUE'S PERMANENT COLLECTION OF ALMOST 2,000 WORKS MAKES IT UNIQUE AMONG ART SCHOOLS. ACQUIRING AND PRESERVING STUDENT WORK AS A "RECORD OF WHAT HAS BEEN ACCOMPLISHED" WAS A GOAL PROUDLY SET IN THE LEAGUE'S EARLIEST YEARS AND MAINTAINED TO THE PRESENT DAY IN THE ANNUAL PURCHASES FROM THE "RED DOT" EXHIBITION. THE COLLECTION ALSO INCLUDES IMPORTANT WORKS BY SIGNIFICANT INSTRUCTORS AND FORMER SUTDENTS THAT HAVE BEEN DONATED OVER THE YEARS BY COLLECTORS, FAMILY MEMBERS, AND THE ARTISTS THEMSELVES. SUCH WORKS, WHICH TELL THE SCHOOL'S STORY REFLECTING A TRADITION OF EXCELLENCE AND RESPECT FOR DIVERSITY, ARE SHOWN IN LEAGUE E]XHIBITS, LOANED TO MUSEUMS, AND HAVE BEEN INCLUDED IN A NUMBER OF TOURING EXHIBITIONS. THEY ARE ALSO AVAILABLE FOR SCHOARLY RESEARCH ON AN APPOINTMENT BASIS.</ExplanationTxt>
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        <ExplanationTxt>THE PERMANENT ENDOWMENT CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED FOR FACILITY SUPPORT, SCHOLARSHIPS, AND GENERAL SUPPORT.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 4B &amp; PART XII, LINE 2D:</FormAndLineReferenceDesc>
        <ExplanationTxt>LOSS ON DISPOSAL OF EQUIPMENT WAS REFLECTED NET ON AUDITIED FINANCIAL STATEMENTS OF $96,715. RECLASSIFIED TO EXPENSE FOR TAX PURPOSES.</ExplanationTxt>
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        <ExplanationTxt>THE ART STUDENTS LEAGUE RECEIVES FUNDING FOR PROGRAMS FROM THE NEW YORK CITY DEPARTMENT OF CULTURAL AFFAIRS, SOME STUDENTS USE ASSISTANCE FROM THE U.S. DEPARTMENT OF VETERANS AFFAIRS TO PAY FOR CLASSES.</ExplanationTxt>
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        <ExplanationTxt>Scholarships to the Seeds of the League Program are awarded through an application process. The application is open to public school children from underserved communities. Youth are nominated by their public school teachers and parents. Qualified students have expressed the desire for formal art lessons. Seeds also has an external learning agreement with City-As-High School for teens to take classes at the League for art credit. Under this arrangement, attendance is taken and reported to City-As-High School. The director of community programs makes sure that all requirements have been met before awarding the scholarship. All scholarships are tracked by the class registration system.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ART STUDENTS LEAGUE OF NEW YORK IS A MEMBERSHIP ORGANIZATION. STUDENTS GENERALLY BECOME ELIGIBLE FOR MEMBERSHIP AFTER STUDYING FOR THREE MONTHS IN ONE OF THE LEAGUE'S FULL-TIME CLASSES. APPLICANTS FORMALLY APPLY AND CAN THEN BE ELECTED BY A THREE-FOURTHS VOTE AT A BUSINESS MEETING OF LEAGUE MEMBERS. THE LEAGUE ALSO HAS "HONORARY" MEMBERS, WHO MAY NOT HAVE FULFILLED THE CLASS TIME REQUIREMENT, BUT BECOME ELIGIBLE FOR ELECTION BY A FOUR-FIFTHS MEMBERSHIP VOTE AFTER THE UNANIMOUS RECOMMENDATION OF THE BOARD OF CONTROL. MEMBERS WHO REMAIN IN GOOD STANDING BY PAYING THEIR ANNUAL DUES ARE KNOWN AS "CURRENT MEMBERSRETAIN THEIR RIGHTS, INCLUDING VOTING, WITH CERTAIN CONDITIONS, IN THE ANNUAL ELECTION OF SIX BOARD MEMBERS. MEMBERS WHO DO NOT PAY DUES BY SPECIFIED, SUCCESSIVE DEADLINES ARE CONSIDERED "LAPSEDTHEN "DROPPEDRELINQUISH THEIR MEMBERSHIP RIGHTS. DROPPED MEMBERS MAY APPLY FOR REINSTATEMENT. MEMBERS OF GOOD STANDING FOR TEN YEARS AUTOMATICALLY BECOME LIFE MEMBERS, EXEMPT FROM ANNUAL DUES AND WITH THE SAME RIGHTS AND PRIVILEGES AS ACTIVE MEMBERS.</ExplanationTxt>
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        <ExplanationTxt>A DRAFT OF FORM 990 IS SENT TO all BOARD MEMBERS FOR REVIEW AND COMMENTS.</ExplanationTxt>
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        <ExplanationTxt>THE ORGANIZATION REQUESTS ALL BOARD MEMBERS AND KEY EMPLOYEES TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY CERTIFICATION.</ExplanationTxt>
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        <ExplanationTxt>COMPENSATION OF ALL KEY EMPLOYEES IS DISCUSSED AND APPROVED BY THE BOARD AND/OR COMMITTEE. COMPENSATION IS GENERALLY BASED ON INDUSTRY STANDARDs.</ExplanationTxt>
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        <ExplanationTxt>FORM 990 IS AVAILABLE ON THE ORGANIZATION'S OWN WEBSITE, GUIDESTAR.ORG AND THE NEW YORK STATE CHARITIES BUREAU WEBSITE, ALL OTHERS UPON REQUEST.</ExplanationTxt>
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        <ExplanationTxt>Exhibition Outreach The Art Students League is committed to offering exhibition opportunities to our students and members. The Exhibition Outreach program (EO) displays the work of League artists in public venues throughout the tristate area, making it possible for students' artwork to be viewed by hundreds of thousands of people. Students gain vital experience submitting artwork for curatorial selection, preparing work for public display, and, if they desire, marketing their work for sale. Since its inception in 2006, EO has placed works by more than eight hundred artists in more than two hundred exhibitions.</ExplanationTxt>
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