2020-05-15T14:56:55-05:00 2019-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-07-01 237379091 PS 1 CONTEMPORARY ART CENTER INC PS1C 7187867040 22-25 JACKSON AVENUE LONG ISLAND CITY NY 11101 JOSE ORTIZ CHIEF OPERATING OFFICER 7187867040 2020-05-14 1 JENNIFER COATES P02247728 2126972299 38.142.140.186 2020-05-14 11:36:34 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D A75ECF90F4EA679C298DF903E96775B34A8C9CB0 2018 2020-11-06 18:47:13Z MOMA PS1 AGNES GUND 22-25 JACKSON AVENUE LONG ISLAND CITY NY 11101 9942524 0 X WWW.MOMA.ORG/PS1 X 1971 NY TO ORGANIZE AND PRESENT CONTEMPORARY ART EXHIBITIONS AND PROGRAMS ACROSS ALL ARTISTIC DISCIPLINES. 25 25 184 35 0 0 8552405 7969006 1671341 1530286 112005 8638 131390 332027 10467141 9839957 0 0 0 0 5600703 5514919 0 0 627593 4379665 5242765 9980368 10757684 486773 -917727 3498010 3494739 769661 1688999 2728349 1805740 X SEE SCHEDULE OMOMA PS1 IS A CONTEMPORARY ART INSTITUTE IN LONG ISLAND CITY, NEW YORK. AN EXHIBITION SPACE RATHER THAN A COLLECTING INSTITUTION, MOMA PS1 DEVOTES ITS ENERGY AND RESOURCES TO DISPLAYING THE MOST EXPERIMENTAL ART IN THE WORLD ACROSS ALL ARTISTIC DISCIPLINES. A CATALYST AND AN ADVOCATE FOR NEW IDEAS, DISCOURSES, AND TRENDS IN CONTEMPORARY ART, MOMA PS1 ACTIVELY PURSUES EMERGING ARTISTS, NEW GENRES, AND ADVENTUROUS NEW WORK BY RECOGNIZED ARTISTS IN AN EFFORT TO SUPPORT INNOVATION IN CONTEMPORARY ART. MOMA PS1 ACHIEVES THIS MISSION BY PRESENTING ITS DIVERSE PROGRAM TO A BROAD AUDIENCE IN A UNIQUE ENVIRONMENT IN WHICH VISITORS CAN DISCOVER AND EXPLORE THE WORK OF CONTEMPORARY ARTISTS. 0 0 6054783 239317 EXHIBITIONSMOMA PS1 PRESENTS THE WORK OF EMERGING ARTISTS, ESTABLISHED ARTISTS WORKING IN NEW GENRES, AND, OVERALL PRESENTS TO THE PUBLIC WORKS OF CONTEMPORARY ART THAT ARE ENGAGING, CHALLENGING, AND GROUND-BREAKING IN A UNIQUE, ACCESSIBLE VENUE. DURING FISCAL YEAR 2019, MOMA PS1 PRESENTED 28 SPECIAL EXHIBITIONS TO OVER 109,000 ATTENDEES FOR AN AVERAGE PAID ADMISSION OF $7.80. ADMISSION TO MOMA PS1 IS CURRENTLY FREE FOR ALL NYC RESIDENTS ACROSS THE FIVE BOROUGHS, COURTESY OF THE ANNA-MARIA AND STEPHEN KELLEN FOUNDATION. GENERAL ADMISSION FOR NON-RESIDENTS IS A PAY WHAT YOU WISH POLICY. 2451376 968957 LIVE PROGRAMSSINCE ITS FOUNDING IN 1976, MOMA PS1 HAS OFFERED AUDIENCES ONE OF THE MOST EXTENSIVE PROGRAMS OF LIVE PERFORMANCE IN THE WORLD. MOMA PS1'S ACCLAIMED VW SUNDAY SESSIONS PERFORMANCE SERIES WELCOMES VISITORS TO EXPERIENCE AND PARTICIPATE IN LIVE ART, HIGHLIGHTING ARTISTS RESPONDING TO CONTEMPORARY SOCIAL AND POLITICAL ISSUES THROUGH A WIDE VARIETY OF CREATIVE AND CRITICAL LENSES. ENCOMPASSING PERFORMANCE, MUSIC, DANCE, CONVERSATION, AND FILM, THE SERIES DEVELOPS AND PRESENTS PROJECTS BY ESTABLISHED AND EMERGING ARTISTS, SCHOLARS, ACTIVISTS, AND OTHER CULTURAL INSTIGATORS. MOMA PS1'S PIONEERING OUTDOOR MUSIC SERIES WARM UP IS ONE OF THE LONGEST RUNNING MUSIC PROGRAMS HOUSED WITHIN A MUSEUM. AS AN INTEGRAL PART OF MOMA PS1'S CURATORIAL PROGRAM FOR MORE THAN 20 YEARS, WARM UP SEEKS TO ELEVATE INNOVATIVE AND UNDERREPRESENTED VOICES: EMERGING AND ESTABLISHED, LOCAL AND GLOBAL, AND ACROSS GENRES. 670492 597611 EVENTS & RETAILMOMA PS1'S NIGHT AT THE MUSEUM EVENTS ALLOW GUESTS TO ENJOY AFTER-HOURS ACCESS TO THE EXHIBITION GALLERIES. THE NIGHTS ARE ACCOMPANIED BY DJ SETS, LOCAL FOOD AND BEVERAGE VENDORS, AND PROGRAMMATIC CONTENT SUCH AS LIVE PERFORMANCES, FILM SCREENINGS, AND ARTIST TALKS. PRINTED MATTER'S NY ART BOOK FAIR IS THE LEADING INTERNATIONAL GATHERING FOR THE DISTRIBUTION OF ARTISTS' BOOKS, CELEBRATING THE FULL BREADTH OF THE ART PUBLISHING COMMUNITY. FREE AND OPEN TO THE PUBLIC, THE EVENT DRAWS MORE THAN 35,000 INDIVIDUALS INCLUDING BOOK LOVERS, COLLECTORS, ARTISTS, AND ART WORLD PROFESSIONALS EACH YEAR. DURING THE MUSEUM'S COMMUNITY NIGHT, LOCAL LONG ISLAND CITY, QUEENS RESIDENTS ARE INVITED FOR A FREE EVENING AT THE MUSEUM FEATURING GUIDED TOURS, ACCESS TO EXHIBITIONS, AND THE ANNUAL YOUNG ARCHITECTS PROGRAM INSTALLATION, WITH COMPLIMENTARY COCKTAILS AND LIGHT REFRESHMENTS. MOMA PS1'S CAFETERIA-IN-RESIDENCE FOR THE PAST SEVEN YEARS, M. WELLS DINETTE, OFFERS A CHARACTERISTICALLY PLAYFUL AND EVER-CHANGING MENU TO LOCALS AND MUSEUM-GOERS. ARTBOOK AT MOMA PS1 IS A VIBRANT SOURCE FOR CUTTING-EDGE CONTEMPORARY ART BOOKS OFFERING A GREAT SELECTION OF CONTEMPORARY ART TITLES, INCLUDING MOMA PS1 EXHIBITION-RELATED PUBLICATIONS (AND OTHER MOMA PS1 PRODUCTS), BOOKS RELATING TO CURRENT NEW YORK SHOWS, A LARGE STOCK OF MONOGRAPHS, THEORY, PHOTOGRAPHY, CDS, MULTIMEDIA TITLES, LIMITED EDITIONS, JOURNALS, AND MANY OUT-OF-PRINT TITLES. 9176651 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 135 0 1 184 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JOSE ORTIZ - CHIEF OPERATING OFFICER - MOMA PS1 7187867040 22-25 JACKSON AVENUE LONG ISLAND CITY NY 11101 AGNES GUND CHAIRMAN 1.00 X X 0 0 0 PHILIP E AARONS VICE CHAIRMAN 1.00 X X 0 0 0 SARAH ARISON VICE CHAIRMAN 1.00 X X 0 0 0 JOHN COMFORT TREASURER 1.00 X X 0 0 0 ALEXIS SANDLER SECRETARY 1.00 40.00 X X 0 185740 55722 HOOR AL QASIMI BOARD MEMBER 1.00 X 0 0 0 MARIA BELL BOARD MEMBER 1.00 X 0 0 0 JOSHUA BLACK BOARD MEMBER 1.00 X 0 0 0 ANGELO CHAO BOARD MEMBER 1.00 X 0 0 0 ADRIAN CHENG BOARD MEMBER 1.00 X 0 0 0 GEORGE FARIAS BOARD MEMBER 1.00 X 0 0 0 DANA FAROUKI BOARD MEMBER 1.00 X 0 0 0 WENDY FISHER BOARD MEMBER 1.00 X 0 0 0 DANNY GOLDBERG BOARD MEMBER 1.00 X 0 0 0 SUSAN HAYDEN BOARD MEMBER 1.00 X 0 0 0 ADAM KIMMEL BOARD MEMBER 1.00 X 0 0 0 SVETLANA KUZMICHEVA-USPENSKAYA BOARD MEMBER 1.00 X 0 0 0 SYDIE LANSING BOARD MEMBER 1.00 X 0 0 0 JENNIFER MCSWEENEY BOARD MEMBER 1.00 X 0 0 0 SIMON MORDANT BOARD MEMBER 1.00 X 0 0 0 PETER NORTON BOARD MEMBER 1.00 X 0 0 0 DIANA WIDMAIER PICASSO BOARD MEMBER 1.00 X 0 0 0 LISA ROUMELL BOARD MEMBER 1.00 X 0 0 0 CINDY SHERMAN BOARD MEMBER 1.00 X 0 0 0 ROBERT SOROS BOARD MEMBER 1.00 X 0 0 0 LISE STOLT-NIELSEN BOARD MEMBER 1.00 X 0 0 0 BETH SWOFFORD BOARD MEMBER 1.00 X 0 0 0 MICKALENE THOMAS BOARD MEMBER 1.00 X 0 0 0 JOHN L THOMSON BOARD MEMBER 1.00 X 0 0 0 KLAUS BIESENBACH DIRECTOR 40.00 X 477070 0 8367 JOSE ORTIZ CHIEF OPERATING OFFICER 40.00 X 170352 0 12308 PETER ELEEY CURATOR 40.00 X 196118 0 10632 ANGELA GODING DIRECTOR OF DEVELOPMENT 40.00 X 177275 0 8466 MICHAEL DUTRA DIRECTOR OF EXHIBITIONS 40.00 X 122682 0 23326 RUBA KATRIB CURATOR 40.00 X 106583 0 9283 CLARA SAMAYOA ASSOC. DIRECTOR OF ADMINISTRATION 40.00 X 103746 0 7331 1353826 185740 135435 9 0 1 0 INTERNATIONAL PROTECTION GROUP LLC 481 8TH AVE SUITE 1570 NEW YORK NY 10001 BUILDING SECURITY 1098726 PROSKAUER ROSE LLP 11 TIMES SQUARE NEW YORK NY 10036 LEGAL FEES 164035 DREAM THE COMBINE INC 2647 38TH AVENUE SOUTH MINNEAPOLIS MN 55406 ARTIST HONORARIUMS 105000 3 1359763 921066 5688177 531122 7969006 ADMISSIONS 713990 1151860 1151860 SALES 713990 339696 339696 BOOKSTORE AND CAFE COM 713990 32680 32680 MEMBERSHIP 713990 3550 3550 EXHIBITION 713990 2500 2500 1530286 8638 8638 275599 0 275599 275599 275599 102567 1359763 102567 0 MISCELLANEOUS 713990 56428 56428 56428 9839957 1805885 0 65066 434676 146668 254162 33846 3805422 3170368 269467 365587 337193 264332 41073 31788 524806 418271 56773 49762 412822 323620 50285 38917 44573 21786 22787 148905 144165 4121 619 613279 550238 56999 6042 1590579 1432982 146403 11194 191416 161688 2937 26791 3343 3258 85 37620 33892 3463 265 79648 71756 7331 561 99821 89930 9188 703 EXHIBITION COSTS 1892920 1892920 PRODUCTION AND EVENT CO 402125 369442 3722 28961 MISCELLANEOUS EXPENSES 109314 69581 12718 27015 MEMBERSHIP DUES & SUBSC 29222 11754 12011 5457 10757684 9176651 953440 627593 264619 710081 440973 150685 1668020 1200945 554178 745387 4471064 3993822 361827 477242 208393 210399 3498010 3494739 560295 862666 102940 51604 106426 774729 769661 1688999 X 521452 531677 2025023 1092189 181874 181874 2728349 1805740 3498010 3494739 -917727 -4882 0 X X 0 1 X 1 0 X X 1 MUSEUM OF MODERN ART 131624100 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2099 0 0 2099 0 PART II-B, LINE 1: MOMA PS1'S LOBBYING ACTIVITIES CONSISTED OF MEETINGS AND TOURS WITH LOCAL PUBLIC OFFICIALS TO DISCUSS A RANGE OF TOPICS INCLUDING: THE WORK OF MOMA PS1, MOMA PS1'S REQUEST FOR CAPITAL AND SUPPLEMENTAL OPERATING FUNDING, THE REDEVELOPMENT OF JAMAICA BAY, THE ROCKAWAYS, AND LONG ISLAND CITY, QUEENS, AND ISSUES FACING NEW YORK CITY INSTITUTIONS. 208393 2006 210399 193527 14866 208393 167929 25598 193527 181262 -13333 167929 82600 100000 -1345 181255 0.86440 0.13560 0 1 1 3698666 3333494 365172 369574 306850 62724 402824 353478 49346 477242 INTEREST IN INVESTMENTS HELD BY MOMA 210399 F 210399 SALARY - RELATED PAYABLES 102680 ADVANCES FROM MOMA 672049 774729 9835075 -4882 -4882 9839957 0 9839957 10757684 0 10757684 0 10757684 PART V, LINE 4: MOMA PS1'S ENDOWMENT CONSISTS OF TWO DONOR-RESTRICTED FUNDS ESTABLISHED FOR TWO MEMORIAL ENDOWMENT FUNDS. IN ADDITION, THE MUSEUM OF MODERN ART MAINTAINS ENDOWMENT FUNDS TOTALING $5,564,896 AS OF JUNE 30, 2019, WHICH SUPPORT THE ACTIVITIES OF MOMA PS1. THE LONG-TERM FOCUS OF THE INVESTMENT PORTFOLIO IS TO SUPPORT MOMA PS1'S MISSION BY PROVIDING A RELIABLE SOURCE OF FUNDS FOR CURRENT AND FUTURE USE. SUBSEQUENT TO YEAR-END, THE COVID-19 PANDEMIC HAS RESULTED IN SUBSTANTIAL VOLATILITY IN GLOBAL FINANCIAL MARKETS. AS A RESULT, THE INVESTMENT PORTFOLIO HAS INCURRED A SIGNIFICANT DECLINE IN FAIR VALUE SINCE JUNE 30, 2019. THE VALUE OF MOMA PS1'S INVESTMENTS, AND THE MUSEUM OF MODERN ART'S INVESTMENTS FOR BENEFIT OF PS1, HAVE AND WILL FLUCTUATE IN RESPONSE TO CHANGING MARKET CONDITIONS. THE AMOUNT OF LOSSES, IF ANY, THAT WILL BE RECOGNIZED IN SUBSEQUENT PERIODS CANNOT BE DETERMINED AS OF THE FILING DATE. BENEFIT GALA 1462330 1359763 102567 37207 57960 4400 3000 1462330 1359763 102567 37207 57960 4400 3000 102567 0 X X X 0 0 0 0 0 0 0 0 0 ALEXIS SANDLER SECRETARY 0 185740 0 0 0 0 0 0 0 55722 0 241462 0 0 KLAUS BIESENBACH DIRECTOR 477070 0 0 0 0 0 0 0 8367 0 485437 0 0 0 JOSE ORTIZ CHIEF OPERATING OFFICER 170352 0 0 0 0 0 0 0 12308 0 182660 0 0 0 PETER ELEEY CURATOR 196118 0 0 0 0 0 0 0 10632 0 206750 0 0 0 ANGELA GODING DIRECTOR OF DEVELOPMENT 177275 0 0 0 0 0 0 0 8466 0 185741 0 0 0 X 5 531122 FMV 0 0 1 PART I, LINE 32B: MOMA PROCESSES NONCASH CONTRIBUTIONS ON BEHALF OF MOMA PS1. MOMA FACILITATES THE SALE OF SECURITIES WITH AN AUTHORIZED THIRD PARTY AND TRANSFERS THE CASH PROCEEDS TO MOMA PS1'S BANK ACCOUNT. FORM 990, PART I, LINE 6 THIS NUMBER INCLUDES AN ESTIMATE OF VOLUNTEERS ENGAGED THROUGHOUT THE FISCAL YEAR TO ASSIST WITH PROGRAMMATIC ACTIVITIES, PLUS MOMA PS1'S BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 MOMA IS A CORPORATE MEMBER OF THE MOMA PS1 ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MOMA IS A CORPORATE MEMBER OF THE MOMA PS1 ORGANIZATION WITH THE POWER TO ELECT OR APPOINT BOARD MEMBERS AND PARTICIPATE IN CERTAIN MANAGEMENT DECISIONS. FORM 990, PART VI, SECTION A, LINE 7B MOMA IS A CORPORATE MEMBER OF THE MOMA PS1 ORGANIZATION WITH THE POWER TO ELECT OR APPOINT BOARD MEMBERS AND PARTICIPATE IN CERTAIN MANAGEMENT DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION FOR MOMA PS1'S FORM 990 IS GENERATED FROM MOMA PS1'S FINANCIAL RECORDS WITH INPUT FROM MOMA PS1 DEPARTMENTS, AND COMPILED BY EXTERNAL TAX ADVISERS. IT IS THEN REVIEWED BY MOMA PS1 SENIOR STAFF INCLUDING THE DIRECTOR AND CHIEF OPERATING OFFICER. THE 990 IS THEN PRESENTED TO MOMA PS1'S AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. A COPY OF THE 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS ELECTRONICALLY OR IN PRINTED COPY. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, MOMA PS1 DISTRIBUTES ITS CODE OF CONDUCT TO ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS AND DESIGNATED EMPLOYEES, AND REQUIRES THAT CONFLICT OF INTEREST QUESTIONNAIRES BE COMPLETED AND RETURNED FOR INITIAL REVIEW BY THE SECRETARY TO THE BOARD (FOR BOARD MEMBERS AND EMPLOYEES), AND CHIEF OPERATING OFFICER (FOR EMPLOYEES). AMONG OTHER THINGS, THE CODE OF CONDUCT AND CONFLICT OF INTEREST QUESTIONNAIRES REQUIRE THE RESPONDENT TO: CONFIRM THAT HE OR SHE HAS READ AND UNDERSTANDS THE CODE OF CONDUCT, AGREES TO ABIDE BY IT, IDENTIFY WHETHER HE OR SHE (OR A FAMILY MEMBER) HAS ANY RELATIONSHIP WITH MOMA PS1 THAT MAY REPRESENT A CONFLICT OF INTEREST, AS DEFINED BY THE CODE OF CONDUCT, AND REPORT ANY KNOWLEDGE OF A TRANSACTION WHICH SHOULD BE REPORTED UNDER THE CODE. WHEN POTENTIAL EMPLOYEE CONFLICTS OF INTEREST ARE REPORTED OR IDENTIFIED, WHEN NECESSARY, AN INVESTIGATION IS CONDUCTED TO DETERMINE THE FACTS AND CIRCUMSTANCES SURROUNDING THE CONFLICT, AND A RECOMMENDATION FOR ACTION IS MADE, IF WARRANTED. SUCH ACTION MAY INCLUDE, BUT IS NOT LIMITED TO, PROHIBITING THE INDIVIDUAL FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION IN QUESTIONS, OR TAKING DISCIPLINARY ACTIONS, WHICH, IN APPROPRIATE CIRCUMSTANCES MAY INCLUDE SUSPENSION OR TERMINATION. THE EMPLOYEE'S SUPERVISOR IS NOTIFIED OF AN EMPLOYEE WITH IDENTIFIED CONFLICTS AND THE ACTION TO BE TAKEN, IF ANY. WHEN POTENTIAL DIRECTORS' CONFLICT OF INTEREST ARE REPORTED OR IDENTIFIED, THE SECRETARY TO THE BOARD OF DIRECTORS MAKES A REPORT TO A COMMITTEE OF THE BOARD. THE COMMITTEE WILL REVIEW THE REPORT IN ORDER TO DETERMINE A COURSE OF ACTION (IF WARRANTED), INCLUDING, BUT NOT LIMITED TO DISCLOSURE TO THE BOARD OF DIRECTORS, PROHIBITING THE INVOLVED DIRECTOR FROM PARTICIPATING IN AND/OR VOTING ON A TRANSACTION IN QUESTION, RESIGNATION FROM THE BOARD OF DIRECTORS, ETC. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR MOMA PS1 OFFICERS IS REVIEWED ANNUALLY BY THE MOMA PS1 EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 MOMA PS1'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C: THE AUDIT COMMITTEE ASSUMES THE RESPONSIBILITY FOR THE AUDIT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. THE MUSEUM OF MODERN ART 11 WEST 53RD STREET NEW YORK NY 10019 131624100 ART MUSEUM NY 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 MUSEUM OF MODERN ART C 1649705 COST MUSEUM OF MODERN ART E 2000000 COST MUSEUM OF MODERN ART M 679634 COST