NATIONAL ACADEMY OF DESIGN: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: NATIONAL ACADEMY OF DESIGN (EIN 13-1628183)
Tax period: 2018-07-01 to 2019-06-30
Filed: 2020-07-08
IRS object ID: 202001909349300125
Schema version: 2018v3.2
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 J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-07-08T10:49:55-05:00	ReturnTs
Tax Period End	2019-06-30	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	2018-07-01	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	15 GRAMERCY PARK SOUTH	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10003	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARY FISHER	PersonNm
Person Title	INTERIM EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	2123694880	PhoneNum
Signature	2020-06-25	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	FREDERICK MARTENS	PreparerPersonNm
PTIN	P00298107	PTIN
Phone	2126972299	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	38.142.140.186	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-06-25	IPDt
IP Tm	22:36:02	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D	AtSubmissionCreationDeviceId
At Submission Filing Device Id	A75ECF90F4EA679C298DF903E96775B34A8C9CB0	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	MARY FISHER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 GRAMERCY PARK SOUTH	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10003	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$118,303,931	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	20	VotingMembersGoverningBodyCnt
Voting Members Independent	20	VotingMembersIndependentCnt
Total Employee	12	TotalEmployeeCnt
Total Volunteers	25	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$228,331	PYContributionsGrantsAmt
CY Contributions Grants	$289,991	CYContributionsGrantsAmt
PY Program Service Revenue	$149,099	PYProgramServiceRevenueAmt
CY Program Service Revenue	$60,000	CYProgramServiceRevenueAmt
PY Investment Income	$23,629,411	PYInvestmentIncomeAmt
CY Investment Income	$45,206,496	CYInvestmentIncomeAmt
PY Other Revenue	$181,320	PYOtherRevenueAmt
CY Other Revenue	$232,939	CYOtherRevenueAmt
PY Total Revenue	$24,188,161	PYTotalRevenueAmt
CY Total Revenue	$45,789,426	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,229,575	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$995,570	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$145,381	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,821,907	PYOtherExpensesAmt
CY Other Expenses	$1,808,611	CYOtherExpensesAmt
PY Total Expenses	$4,051,482	PYTotalExpensesAmt
CY Total Expenses	$2,804,181	CYTotalExpensesAmt
PY Revenues Less Expenses	$20,136,679	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$42,985,245	CYRevenuesLessExpensesAmt
Total Assets BOY	$36,836,872	TotalAssetsBOYAmt
Total Assets EOY	$81,513,456	TotalAssetsEOYAmt
Total Liabilities BOY	$338,293	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$197,620	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$36,498,579	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$81,315,836	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	Yes (1)	SignificantChangeInd
Expense	$1,170,995	ExpenseAmt
Revenue	$80,000	RevenueAmt
Desc	ARCHIVES, COLLECTIONS AND EXHIBITIONS:THE NATIONAL ACADEMY HAS A COLLECTION OF NEARLY 8,000 WORKS OF AMERICAN ART AND ARCHITECTURE, IN ADDITION TO AN HISTORIC ARCHIVE CONTAINING RECORDS, DOCUMENTS AND EPHEMERA RELATED TO THE ACADEMY'S HISTORY AND MEMBERSHIP. THE ACADEMY ROUTINELY HOLDS EXHIBITIONS THAT FOCUS ON THE WORK OF THEIR MEMBERS, THE NATIONAL ACADEMICIANS.	Desc
Total Program Service Expenses	$1,170,995	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
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	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	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	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 With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	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	17	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	12	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	0	QuidProQuoContributionsInd
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	20	GoverningBodyVotingMembersCnt
Independent Voting Member	20	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	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2123694880	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 GRAMERCY PARK SOUTH	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10003	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
WALTER CHATHAM
CO-CHAIR	10.00	Yes (X)	Yes (X)	$0	$0	$0
TIM WALCH
CO-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
WILLARD BOEPPLE
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
BUZZY GEDULD
GOVERNOR	2.00	Yes (X)		$0	$0	$0
SAM GILLIAM
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
ROBERTO JUAREZ
GOVERNOR	2.00	Yes (X)		$0	$0	$0
RICHARD KALINA
GOVERNOR	2.00	Yes (X)		$0	$0	$0
JUDY PFAFF
GOVERNOR	2.00	Yes (X)		$0	$0	$0
DOUG POLLEY
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
LESLIE WAYNE
GOVERNOR	2.00	Yes (X)		$0	$0	$0
MAURA REILLY
EXECUTIVE DIRECTOR (TO OCT 2018)	40.00		Yes (X)	$194,133	$0	$34,034
MARY FISHER
INTERIM EXEC.DIR. (AS OF OCT 2018)	40.00		Yes (X)	$106,043	$0	$12,872

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$300,176	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$46,906	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
ATELIER
PO BOX 56316	PHILADELPHIA	PA	19130	COLLECTION STORAGE	$176,004
ALLIED UNIVERSAL
161 WASHINGTON ST STE 600	CONSHOHOCKEN	PA	19428	SECURITY STAFF	$143,080
YOUR PART-TIME CONTROLLER
1500 WALNUT STREET STE 1200	PHILADELPHIA	PA	19102	ACCOUNTING SERVICES	$102,181

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	3	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$289,991	AllOtherContributionsAmt
Noncash Contributions	$63,519	NoncashContributionsAmt
Total Contributions	$289,991	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	EXHIBITION INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$60,000	TotalRevenueColumnAmt
Related Or Exempt Func Income	$60,000	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$60,000	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$973,293	TotalRevenueColumnAmt
Exclusion	$973,293	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$55,667	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$55,667	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$55,667	TotalRevenueColumnAmt
Exclusion	$55,667	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$69,380,803	SecuritiesAmt
Other	$47,366,905	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$68,470,975	SecuritiesAmt
Other	$4,043,530	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$909,828	SecuritiesAmt
Other	$43,323,375	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$44,233,203	TotalRevenueColumnAmt
Exclusion	$44,233,203	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INSURANCE PROCEEDS	900099	$112,559	$112,559
OTHER INCOME	900099	$44,713	$44,713
EXPENSE REIMBURSEMENT	900099	$20,000		$20,000

Field	Value	IRS element (for citing)
Other Revenue Total	$177,272	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,789,426	TotalRevenueColumnAmt
Related Or Exempt Func Income	$80,000	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$45,419,435	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$368,817	TotalAmt
Program Services	$166,151	ProgramServicesAmt
Management And General	$168,667	ManagementAndGeneralAmt
Fundraising	$33,999	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$494,784	TotalAmt
Program Services	$259,625	ProgramServicesAmt
Management And General	$181,883	ManagementAndGeneralAmt
Fundraising	$53,276	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$12,699	TotalAmt
Program Services	$6,278	ProgramServicesAmt
Management And General	$5,132	ManagementAndGeneralAmt
Fundraising	$1,289	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$46,430	TotalAmt
Program Services	$22,912	ProgramServicesAmt
Management And General	$18,819	ManagementAndGeneralAmt
Fundraising	$4,699	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$72,840	TotalAmt
Program Services	$35,915	ProgramServicesAmt
Management And General	$29,563	ManagementAndGeneralAmt
Fundraising	$7,362	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$221,585	TotalAmt
Management And General	$221,585	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$144,864	TotalAmt
Management And General	$144,864	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$202,628	TotalAmt
Management And General	$202,628	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$299,018	TotalAmt
Program Services	$153,551	ProgramServicesAmt
Management And General	$128,851	ManagementAndGeneralAmt
Fundraising	$16,616	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,627	TotalAmt
Program Services	$1,250	ProgramServicesAmt
Management And General	$377	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$233,137	TotalAmt
Program Services	$86,164	ProgramServicesAmt
Management And General	$138,188	ManagementAndGeneralAmt
Fundraising	$8,785	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$396,656	TotalAmt
Program Services	$261,617	ProgramServicesAmt
Management And General	$127,843	ManagementAndGeneralAmt
Fundraising	$7,196	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$101,185	TotalAmt
Program Services	$69,159	ProgramServicesAmt
Management And General	$27,647	ManagementAndGeneralAmt
Fundraising	$4,379	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$125,923	TotalAmt
Program Services	$51,546	ProgramServicesAmt
Management And General	$66,597	ManagementAndGeneralAmt
Fundraising	$7,780	FundraisingAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS EXPENSES	Desc
Total	$81,988	TotalAmt
Program Services	$56,827	ProgramServicesAmt
Management And General	$25,161	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,804,181	TotalAmt
Program Services	$1,170,995	ProgramServicesAmt
Management And General	$1,487,805	ManagementAndGeneralAmt
Fundraising	$145,381	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$21,843,498	BOYAmt
EOY	$353,204	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
EOY	$165,347	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$600	BOYAmt
EOY	$0	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$12,165	BOYAmt
EOY	$7,078	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$92,593	BOYAmt
EOY	$191,316	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$378,181	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$113,508	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,316,743	BOYAmt
EOY	$264,673	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$12,551,058	BOYAmt
EOY	$66,998,527	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,176	BOYAmt
EOY	$13,499,311	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$19,039	BOYAmt
EOY	$34,000	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$36,836,872	BOYAmt
EOY	$81,513,456	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$314,727	BOYAmt
EOY	$197,620	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$23,566	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$338,293	BOYAmt
EOY	$197,620	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$23,894,609	BOYAmt
EOY	$67,927,794	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,934,834	BOYAmt
EOY	$7,597,855	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,669,136	BOYAmt
EOY	$5,790,187	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$36,498,579	BOYAmt
EOY	$81,315,836	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$36,836,872	BOYAmt
EOY	$81,513,456	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$42,985,245	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$1,832,012	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	$3,766,165	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,284,314	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,024,190	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$228,331	CurrentTaxYearMinus1YearAmt
Current Tax Year	$289,991	CurrentTaxYearAmt
Total	$6,592,991	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,766,165	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,284,314	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,024,190	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$228,331	CurrentTaxYearMinus1YearAmt
Current Tax Year	$289,991	CurrentTaxYearAmt
Total	$6,592,991	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$2,812,956	SubstantialContributorsTotAmt
Public Support Total170	$3,780,035	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$322,126	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$365,366	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$409,611	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$373,910	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,028,960	CurrentTaxYearAmt
Total	$2,499,973	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$19,012	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$31,355	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$32,725	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$107,570	CurrentTaxYearMinus1YearAmt
Current Tax Year	$177,272	CurrentTaxYearAmt
Total	$367,934	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$9,460,898	TotalSupportAmt
Gross Receipts Rltd Activities	$4,850,817	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.39950	PublicSupportCY170Pct
Public Support PY170	0.53480	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

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	$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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,677,226	BeginningYearBalanceAmt
Contributions	$20,999,382	ContributionsAmt
Investment Earnings Or Losses	$712,233	InvestmentEarningsOrLossesAmt
Other Expenditures	$15,000	OtherExpendituresAmt
End Year Balance	$33,373,841	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,172,373	BeginningYearBalanceAmt
Contributions	$276,103	ContributionsAmt
Investment Earnings Or Losses	$1,267,109	InvestmentEarningsOrLossesAmt
Other Expenditures	$38,359	OtherExpendituresAmt
End Year Balance	$11,677,226	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,634,691	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$270,308	InvestmentEarningsOrLossesAmt
Other Expenditures	$192,010	OtherExpendituresAmt
End Year Balance	$10,172,373	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$10,754,892	BeginningYearBalanceAmt
Investment Earnings Or Losses	$85,556	InvestmentEarningsOrLossesAmt
Other Expenditures	$205,757	OtherExpendituresAmt
End Year Balance	$10,634,691	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.83330	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.07310	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.09360	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$378,181	OtherCostOrOtherBasisAmt
Depreciation	$113,508	DepreciationAmt
Book Value	$264,673	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$264,673	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	HEDGE FUNDS	Desc
Book Value	$13,499,311	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$13,499,311	TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt	$47,500,351	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$1,832,012	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$81,541	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$1,913,553	RevenueNotReportedAmt
Revenue Subtotal	$45,586,798	RevenueSubtotalAmt
Investment Expenses Not Incld	$202,628	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$202,628	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$45,789,426	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,683,094	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$81,541	DonatedServicesUseFcltsAmt
Expenses Not Reported	$81,541	ExpensesNotReportedAmt
Expenses Subtotal	$2,601,553	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$202,628	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$202,628	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,804,181	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 J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
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

Field	Value	IRS element (for citing)
Person	MAURA REILLY	PersonNm
Title	EXECUTIVE DIRECTOR (TO OCT 2018)	TitleTxt
Base Compensation Filing Org	$194,133	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$10,367	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$23,667	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$228,167	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$63,519	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 (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 3	DUE TO FINANCIAL HARDSHIP, THE ACADEMY SOLD ITS THREE PROPERTIES, INCLUDING THE MUSEUM AND SCHOOL FACILITIES, IN ORDER TO ESTABLISH A BOARD DESIGNATED ENDOWMENT AND FUND OPERATIONS INTO PERPETUITY. THE ACADEMY IS CURRENTLY OPERATING OUT OF THE NATIONAL ARTS CLUB WHILE WE CONDUCT A STRATEGIC PLANNING PROCESS WITH OUR COMMUNITY IN ORDER TO DETERMINE HOW TO BEST IMPLEMENT OUR MISSION IN OUR THIRD CENTURY. UNTIL THEN, WE CONTINUE OUR CORE ACTIVITIES, SUCH AS ELECTING, INDUCTING, AND PROMOTING NEW ARTIST MEMBERS, EXPANDING AND CARING FOR THE COLLECTION, AND PRODUCING EXHIBITIONS AND SCHOLARLY PUBLICATIONS. AS WELL, WE HAVE EXPANDED OUR PARTNERSHIPS, WHICH ENABLE US TO PROMOTE YOUNG AND MIDCAREER ARTISTS AND REACH NEW CONSTITUENCIES.
FORM 990, PART VI, SECTION A, LINE 1	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 15A	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.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11G	OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 46,813. MANAGEMENT AND GENERAL EXPENSES 62,715. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109,528. SECURITY, MAINTENANCE, OTHER BUILDING SERVICES: PROGRAM SERVICE EXPENSES 106,738. MANAGEMENT AND GENERAL EXPENSES 66,136. FUNDRAISING EXPENSES 16,616. TOTAL EXPENSES 189,490.