2020-07-08T10:49:55-05:00 2019-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-07-01 131628183 NATIONAL ACADEMY OF DESIGN NATI 2123694880 15 GRAMERCY PARK SOUTH NEW YORK NY 10003 MARY FISHER INTERIM EXECUTIVE DIRECTOR 2123694880 2020-06-25 1 FREDERICK MARTENS P00298107 2126972299 38.142.140.186 2020-06-25 22:36:02 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D A75ECF90F4EA679C298DF903E96775B34A8C9CB0 2018 2021-01-29 14:40:06Z X MARY FISHER 15 GRAMERCY PARK SOUTH NEW YORK NY 10003 118303931 0 X WWW.NATIONALACADEMY.ORG X 1825 NY THE NATIONAL ACADEMY PROMOTES THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. 20 20 12 25 0 0 228331 289991 149099 60000 23629411 45206496 181320 232939 24188161 45789426 0 0 0 0 1229575 995570 0 0 145381 2821907 1808611 4051482 2804181 20136679 42985245 36836872 81513456 338293 197620 36498579 81315836 X THE MISSION OF THE NATIONAL ACADEMY OF DESIGN IS TO PROMOTE THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. 0 1 1170995 80000 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. 1170995 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THE ORGANIZATION 2123694880 15 GRAMERCY PARK SOUTH NEW YORK NY 10003 WALTER CHATHAM CO-CHAIR 10.00 X X 0 0 0 TIM WALCH CO-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 WILLARD BOEPPLE 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 BUZZY GEDULD GOVERNOR 2.00 X 0 0 0 SAM GILLIAM 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 ROBERTO JUAREZ GOVERNOR 2.00 X 0 0 0 RICHARD KALINA GOVERNOR 2.00 X 0 0 0 JUDY PFAFF GOVERNOR 2.00 X 0 0 0 DOUG POLLEY 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 LESLIE WAYNE GOVERNOR 2.00 X 0 0 0 MAURA REILLY EXECUTIVE DIRECTOR (TO OCT 2018) 40.00 X 194133 0 34034 MARY FISHER INTERIM EXEC.DIR. (AS OF OCT 2018) 40.00 X 106043 0 12872 300176 0 46906 2 0 1 0 ATELIER PO BOX 56316 PHILADELPHIA PA 19130 COLLECTION STORAGE 176004 ALLIED UNIVERSAL 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY STAFF 143080 YOUR PART-TIME CONTROLLER 1500 WALNUT STREET STE 1200 PHILADELPHIA PA 19102 ACCOUNTING SERVICES 102181 3 289991 63519 289991 EXHIBITION INCOME 900099 60000 60000 60000 973293 973293 55667 0 55667 55667 55667 69380803 47366905 68470975 4043530 909828 43323375 44233203 44233203 INSURANCE PROCEEDS 900099 112559 112559 OTHER INCOME 900099 44713 44713 EXPENSE REIMBURSEMENT 900099 20000 20000 177272 45789426 80000 0 45419435 X 368817 166151 168667 33999 494784 259625 181883 53276 12699 6278 5132 1289 46430 22912 18819 4699 72840 35915 29563 7362 221585 221585 144864 144864 202628 202628 299018 153551 128851 16616 1627 1250 377 233137 86164 138188 8785 396656 261617 127843 7196 101185 69159 27647 4379 125923 51546 66597 7780 MISCELLANEOUS EXPENSES 81988 56827 25161 2804181 1170995 1487805 145381 21843498 353204 165347 600 0 12165 7078 92593 191316 378181 113508 2316743 264673 12551058 66998527 1176 13499311 19039 34000 36836872 81513456 314727 197620 23566 0 338293 197620 X 23894609 67927794 6934834 7597855 5669136 5790187 36498579 81315836 36836872 81513456 42985245 1832012 0 X 0 1 X 1 0 X 3766165 1284314 1024190 228331 289991 6592991 3766165 1284314 1024190 228331 289991 6592991 2812956 3780035 322126 365366 409611 373910 1028960 2499973 19012 31355 32725 107570 177272 367934 9460898 4850817 0.39950 0.53480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 33373841 44379932 3468969 2045422 79177320 11677226 20999382 712233 15000 33373841 10172373 276103 1267109 38359 11677226 10634691 -270308 192010 10172373 10754892 85556 205757 10634691 0.83330 0.07310 0.09360 0 0 378181 113508 264673 264673 HEDGE FUNDS 13499311 F 13499311 47500351 1832012 81541 1913553 45586798 202628 202628 45789426 2683094 81541 81541 2601553 202628 202628 2804181 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. X X 0 0 0 0 0 0 0 0 0 MAURA REILLY EXECUTIVE DIRECTOR (TO OCT 2018) 194133 0 0 0 0 0 10367 0 23667 0 228167 0 0 0 X 1 63519 FAIR MARKET VALUE 0 0 1 0 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.