2021-11-12T10:27:29-08:00 2020-12-31 112836481 Wagner & Zwerman LLP 201 Old Country Road Ste 202 Melville NY 11747 990 2020-01-01 133414346 SWISS INSTITUTE SWIS 2129252035 117 SECOND AVENUE NEW YORK NY 10003 SIMON CASTETS Director 2021-11-12 true SIMON CASTETS 999009999 ANDREW M ZWERMAN CPA P00641815 6317771000 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z 117 SECOND AVENUE NEW YORK NY 10003 2701796 false X SWISSINSTITUTE.NET X 1986 NY THE SWISS INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION FOR THE PURPOSE OF PROMOTING FORWARD-THINKING AND EXPERIMENTAL ART MAKING THROUGH INNOVATIVE EXHIBITIONS AND PROGRAMS. 20 20 20 10 0 2238830 2628351 0 0 1145447 60202 3384277 2688553 0 0 915368 943546 0 261473 3029509 2604506 3944877 3548052 -560600 -859499 4730047 3481926 2188454 1799832 2541593 1682094 THE SWISS INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION FOR THE PURPOSE OF PROMOTING FORWARD-THINKING AND EXPERIMENTAL ART MAKING THROUGH INNOVATIVE EXHIBITIONS AND PROGRAMS. false false 2786209 GENERAL PROGRAM AND OTHER EXHIBITIONS HELD THROUGHOUT THE YEAR BY SWISS INSTITUTE. 2786209 true true false false false false false true false true true false false true true true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 59 0 true 20 true false true OC false false false false false 0 false false false false false false false X 20 20 false false false false true true true true true false false true true true true true true true false false NY X X CAREY DENNISON 2129252035 117 SECOND AVENUE NEW YORK NY 10003 SIMON CASTETS Director 45.00 0.00 X 175000 0 11369 MAJA HOFFMANN Chairman 1.00 0.00 X 0 0 0 PHILIPPE BERTHERAT Trustee 1.00 0.00 X 0 0 0 FABIENNE ABRECHT Trustee 5.00 0.00 X X 0 0 0 DANIEL BAUMANN Trustee 1.00 0.00 X 0 0 0 FRANCESCO BONAMI Trustee 1.00 0.00 X 0 0 0 BICE CURIGER Trustee 1.00 0.00 X 0 0 0 ALEXANDRA ECONOMOU Trustee 1.00 0.00 X 0 0 0 SAM KELLER Trustee 1.00 0.00 X 0 0 0 DOMINIQUE LEVY Trustee 1.00 0.00 X 0 0 0 CHRISTIAN MARCLAY Trustee 1.00 0.00 X 0 0 0 RICHARD PHILLIPS Trustee 1.00 0.00 X 0 0 0 MICHAEL RINGIER Treasurer 1.00 0.00 X 0 0 0 LISA SCHIFF Trustee 1.00 0.00 X 0 0 0 SUSANNE VON MEISS Trustee 1.00 0.00 X 0 0 0 IWAN WIRTH Trustee 1.00 0.00 X 0 0 0 JOHN GARCIA Trustee 1.00 0.00 X 0 0 0 MONIQUE BURGER Trustee 1.00 0.00 X 0 0 0 FLORIAN GUTZWILLER Trustee 1.00 0.00 X 0 0 0 HE MARKUS BORLIN Trustee 1.00 0.00 X 0 0 0 175000 11369 1 false true false Your Part-Time Controller LLC 1500 Walnut Street Suite 1200 Philadelphia PA 19102 Accounting and Bookkeepin 102463 1 90000 727745 1810606 2628351 0 0 0 0 0 0 73445 13243 60202 60202 0 0 0 2688553 60202 0 0 0 0 175000 109452 20461 45087 0 616498 385583 72079 158836 0 80321 45486 14273 20562 71727 50013 6401 15313 0 81957 81957 114437 114437 0 0 0 129033 109722 19311 11893 11893 4407 4407 0 0 1052200 1020634 31566 51701 34516 17185 0 0 21332 21332 0 584977 573277 11700 26836 20127 6709 EXHIBIT ART EXPENSES 235066 235066 BOOK PRODUCTION 84031 84031 Postage and Shipping 78081 70491 7274 316 RESIDENCY EXPENSES 32747 32747 95808 15064 76570 4174 3548052 2786209 500370 261473 207529 346322 113 57617 337721 0 679825 146896 0 0 0 49334 48831 39782 5718 4365755 1713312 3237419 2652443 0 0 0 0 178324 224099 4730047 3481926 454737 177972 978854 590035 754863 1031825 2188454 1799832 X 2541480 1682094 113 2541593 1682094 4730047 3481926 -859499 X X false true X true false X 1654446 3046840 1922280 1110491 1709654 9443711 0 0 1654446 3046840 1922280 1110491 1709654 9443711 0 9443711 95562 2602 18 98182 0 1192 1256 45229 221261 83486 352424 9894317 0.95450 0.94670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2701909 3481926 X X X true 113 57504 57617 113 113 113 113 1131587 2602 -1134076 2268265 1784298 95562 -548273 2428133 false false false 4318661 1666923 2651738 33437 33437 13657 12952 705 2652443 PLEDGE RECEIVALBE LONG TERM 45775 SECURITY DEPOSIT 178324 224099 DEFERRED RENT 448364 LOAN FROM BOARD 290000 Rounding 1 US SBA Economic Injury Disaster Loan 150000 US SBA Paycheck Protection Program 143460 1031825 X 2701796 13243 13243 2688553 2688553 3561295 13243 13243 3548052 3548052 Part X : FIN48 Footnote The Organization's Federal Return of Organization Exempt from Income Tax (Form 990) is subject to examination by the IRS, generally for three years after it is filed. Accordingly, the years open to examination are the years ended December 31, 2017 through 2020. There are no tax audits currently in progress. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING DIRECT COSTS $13243 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING DIRECT COSTS $13243 false ANNUAL BENEFIT 73445 73445 1750 8152 3341 73445 73445 1750 8152 3341 13243 60202 false false false false false false false false false SIMON CASTETS Director 150000 25000 11369 186369 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Swiss Institute is managed by a governing board, which is referred to as the Board of Trustees. A Trustee shall be a member during his/her trusteeship. The number of voting trustees constituting the entire board shall be at least five and no more than fifteen. The person or persons signing the certificate of incorporation as the incorporator or incorporators shall be the first member or members of the Swiss Institute unless they have resigned or unless membership should be terminated. Thereafter, the qualifications and eligibility for membership and the manner of admission into membership shall be prescribed by resolution of the Board of Trustees and/or by any similarly prescribed rules and regulations, which the Board of Trustees may promulgate. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Trustees shall be elected at the annual meeting of members by a plurality of the votes cast by the members. The number of trustees may be increased or decreased by action of the trustees, provided that any action of the trustees to the effect such increase or decrease shall require the vote of a majority of the entire board. The trustees may also elect or appoint a Chairman of the Board, a Vice Chairman of the Board, a Secretary and one or more Assistant Secretaries, a Treasurer and one or more Assistant Treasurers, and such other offices and agents as they may determine. Each membership shall entitle the holder thereof to one vote. In the election of trustees, a plurality of the votes cast shall elect. Any other action shall be authorized by a majority of the votes cast, except where the not-for-profit corporation law prescribes a different proportion of votes; provided that the said majority of the affirmative votes cast shall be at least equal to a quorum. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Governance decisions of the Swiss Institute are reserved to the members of the Board of Trustees. Form 990, Part VI, Line 11b: Form 990 Review Process The Federal Form 990 is prepared by the external accountant, and a final draft is emailed to the Swiss Institutes's bookkeeper for a preliminary review. Upon completion, the bookkeeper then forwards an electronic copy to the Director, Treasurer and the rest of the board members for review and approval. The bookkeeper notifies the external accountant that the Form 990 is approved and ready to be filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Prior to any party's election to the Board of Trustees or as an office, such party, and annually thereafter, each member of the Board of Trustees and each officer shall disclose in writing any interest, as defined below, in any corporation or other organization, which provides goods or services to Swiss Institute for a fee or other compensation. A copy of each disclosure statement shall be available to any trustee on request. If at any time during his or her term of service, a trustee or office has any interest, he or she shall promptly disclose the material facts of that interest in writing to the board. When any matter in which a trustee or officer has an interest comes before the board or any committee thereof for decision or approval, that interest shall be immediately disclosed to the board or the committee by that trustee or officer.A trustee or officer shall be deemed to have an "interest" in a matter if that trustee or officer or a related party has a significant economic interest in a decision on the matter by the board or any committee. As to any trustee or officer, a "related party" shall mean any relative thereof or an entity in which any of the foregoing persons in a shareholder, director, officer or the equivalent. No trustees shall vote on any matter in which such trustee has an interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board of Trustees determines the compensation of the directors. Comparable compensation levels for similar positions in similar industries are explored by experts in the industry, and discussed at the board meeting to determine total compensation packages for the directors. All compensation deliberations and decisions are documented in the board minutes. The directors are provided with an employment contract that outlines the compensation package. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Form 990 is available for public inspection as required under Section 6104 of the Internal Revenue Service Code as it is posted on Guidestar.org and other similar websites. In addition, Forms 990 and 1023, as well as the financial statements, articles of incporporation and bylaws, are available upon written request of the Organization at 117 Second Ave, 2nd Floor, New York, NY 10003 or by calling (212) 925-2035. Form 990, Part XII, Line 2: Change of Oversight or Selection Process The oversight process of the Organization's audit of its financial statements and selection of an outside accountant has not changed from the process followed in the prior year.