ART STUDENTS LEAGUE OF NEW YORK: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- ART STUDENTS LEAGUE OF NEW YORK (EIN 13-1844837)
- Tax period
- 2015-06-01 to 2016-05-31
- Filed
- 2017-04-17
- IRS object ID
- 201741079349301029
- Schema version
- 2015v3.0
- 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 E
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-04-17T18:51:17-05:00 | ReturnTs |
| Tax Period End | 2016-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472778070 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANGER & ASSOCIATE CPAS PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 295 MADISON AVENUE SUITE 901 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131844837 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ART STUDENTS LEAGUE OF NEW YORK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ARTS | BusinessNameControlTxt |
| Phone | 2122474510 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 WEST 57TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100192104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER SOLOMON | PersonNm |
| Person Title | COO/CFO | PersonTitleTxt |
| Phone | 2122474510 | PhoneNum |
| Signature | 2017-04-17 | SignatureDt |
| Discuss With Paid Preparer | 0 | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT L MANGER | PreparerPersonNm |
| PTIN | P01593286 | PTIN |
| Phone | 2129863025 | PhoneNum |
| Preparation | 2017-03-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JENNIFER SOLOMON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 WEST 57TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100192104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $85,208,578 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | THEARTSTUDENTSLEAGUE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1878 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE LEAGUE OFFERS AFFORDABLE PROFESSIONAL ART TRAINING PROGRAMS AND STUDIO CLASSES IN DRAWING, PAINTING, SCULPTURE, PRINTMAKING AND MIXED MEDIA YEAR-ROUND TO A DIVERSE COMMUNITY OF MORE THAN 3,000 STUDENTS, WITH A SPECIAL EMPHASIS ON TRAINING PROFESSIONAL ARTISTS, AND PROVIDES ADDITIONAL PROGRAMS FOR ARTISTS AND THE PUBLIC, INCLUDING LECTURES, EXHIBITIONS, WORKSHOPS, RESIDENCIES, MENTORING, EXHIBITION OUTREACH, AN ONLINE ART JOURNAL, AN ALUMNI PUBLICATION, AND ART EDUCATION OUTREACH PROGRAMS FOR UNDERSERVED YOUTH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 108 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $806,355 | PYContributionsGrantsAmt |
| CY Contributions Grants | $534,645 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,150,668 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,135,380 | CYProgramServiceRevenueAmt |
| PY Investment Income | $33,318,175 | PYInvestmentIncomeAmt |
| CY Investment Income | $989,568 | CYInvestmentIncomeAmt |
| PY Other Revenue | $140,032 | PYOtherRevenueAmt |
| CY Other Revenue | $50,797 | CYOtherRevenueAmt |
| PY Total Revenue | $38,415,230 | PYTotalRevenueAmt |
| CY Total Revenue | $5,710,390 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $92,900 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $108,650 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,124,789 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,449,050 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $31,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $343,516 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,600,866 | PYOtherExpensesAmt |
| CY Other Expenses | $6,013,357 | CYOtherExpensesAmt |
| PY Total Expenses | $8,849,555 | PYTotalExpensesAmt |
| CY Total Expenses | $9,571,057 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,565,675 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,860,667 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $91,052,715 | TotalAssetsBOYAmt |
| Total Assets EOY | $88,842,643 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $955,337 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,153,366 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $90,097,378 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $87,689,277 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ESTABLISHMENT AND MAINTENANCE OF AN ACADEMIC SCHOOL OF ART, WHICH SHALL GIVE A THOROUGH COURSE OF INSTRUCTION IN ART, INCLUDING DRAWING, PAINTING, SCULPTURE, PRINTMAKING AND MIXED MEDIA, AND THE CULTIVATION OF A COMMUNITY SPIRIT AMONG ART STUDENTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,641,904 | ExpenseAmt |
| Grant | $89,750 | GrantAmt |
| Revenue | $4,045,583 | RevenueAmt |
| Desc | STUDIO-BASED ART INSTRUCTIONTHE CENTRAL PROGRAM OF THE ART STUDENTS LEAGUE OF NEW YORK IS ATELIER (STUDIO) CLASSES IN WHICH THE LANGUAGE OF ART IS TAUGHT AND DEVELOPED THROUGH IMMERSION IN THE PRACTICES OF DRAWING, PAINTING, SCULPTURE, PRINTMAKING, AND ASSEMBLAGE. MANY OF AMERICA'S GREAT ARTISTS HAVE ATTENDED OR TAUGHT AT THE LEAGUE. MORE THAN 2,000 ADULTS, YOUNG ADULTS, AND CHILDREN ATTEND CLASSES EACH MONTH TO STUDY WITH 75 PROMINENT INSTRUCTOR-ARTISTS AT THE ASL'S MAIN CAMPUS IN NEW YORK CITY. IN A TYPICAL WEEK, THE LEAGUE OFFERS MORE THAN 350 SESSIONS --MANY OF THEM 3 HOURS AND 45 MINUTES LONG. MORE THAN 150 INTENSIVE WORKSHOPS ARE ALSO OFFERED EACH YEAR. SCHOLARSHIPS, WORK-STUDY AID, AND GRANTS HELP SUPPORT THE LEAGUE'S FUNDAMENTAL COMMITMENT TO AFFORDABILITY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $231,688 | ExpenseAmt |
| Grant | $18,900 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | MODEL TO MONUMENT, CREATING ART FOR PUBLIC SPACES (M2M)M2M, AN ON-GOING PARTNERSHIP WITH THE NEW YORK CITY DEPARTMENT OF PARKS AND RECREATION, IMMERSES SEVEN SELECTED SCULPTOR APPRENTICES IN THE PROCESS OF LEARNING TO PRODUCE PUBLIC ART AND INSTALLS MONUMENTAL SCUPLTURES IN NEW YORK CITY PARKS FOR HUNDREDS OF THOUSANDS OF NEW YORKERS AND CITY VISITORS. THE PROGRAM WAS LAUNCHED IN SEPTEMBER 2010 WITH THE EIGHT RESULTING SCULPTURES INSTALLED IN MAY AND JUNE 2011 IN RIVERSIDE SOUTH PARK IN MANHATTAN AND VAN CORTLANDT PARK IN THE BRONX. EIGHT NEW WORKS BY M2M SCUPLTORS WERE INSTALLED IN JUNE 2012, 2013, 2014, 2015, AND 2016. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $284,364 | ExpenseAmt |
| Revenue | $31,025 | RevenueAmt |
| Desc | GALLERY EXHIBITION AND LECTURESOPEN SIX OR SEVEN DAYS A WEEK, 11 MONTHS A YEAR, THE PHYLLIS HARRIMAN MASON GALLERY AT THE ART STUDENTS LEAGUE PRESENTS FREE EXHIBITS THAT ARE OPEN TO THE PUBLIC AND SEEN BY 30,000 PEOPLE ANNUALLY. IT ALSO HOSTS ABOUT 20 FREE AND OPEN ART LECTURES AND OTHER PROGRAMS. EXHIBITS INCLUDE WORKS FROM ARTISTS OUTSIDE THE LEAGUE. A KEY FOCUS OF THE GALLERY IS TO SHOW STUDENTS' WORK IN WEEKLY CLASS "CONCOURS" EXHIBITS FROM JANUARY TO MAY. THE GALLERY PROGRAM ALSO INCLUDES OVERSIGHT OF THE LEAGUE'S PERMANENT COLLECTION OF APPROXIMATELY 2,000 WORKS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $584,078 | ExpenseAmt |
| Revenue | $109,569 | RevenueAmt |
| Desc | VYTLACIL CAMPUS ARTIST-IN-RESIDENCYTHE LEAGUE RESIDENCY AT VYTLACIL IS A COMPETITIVE RESIDENCY PROGRAM FOR EMERGING, PROFESSIONAL, AND TEACHING VISUAL ARTISTS. IT PROVIDES AN OPPORTUNITY FOR SELECTED ARTISTS TO PRACTICE AND DEVELOP THEIR WORK IN THE STUDIO-BASED, ATELIER TRADITION. THE YEAR-ROUND PROGRAM HOUSES UP TO SEVEN ARTISTS PER MONTH AND GIVES THEM ACCESS TO THEIR OWN STUDIO; PAINTING, SCULPTURE, AND WELDING FACILITIES; AND INSTRUCTOR CRITIQUES. RESIDENTS HAVE THE OPPORTUNITY TO EXHIBIT THEIR WORK AT MONTH-ENDING OPEN STUDIO EVENTS. COMPETITIVE FELLOWSHIPS AND STIPENDS ARE AVAILABLE. MORE THAN 300 ARTISTS FROM MORE THAN 30 NATIONS HAVE ATTENDED.EXHIBITION OUTREACHTHE EXHIBITION OUTREACH PROGRAM CREATES OPPORTUNITIES FOR OUR STUDENTS AND MEMBERS TO SHOW THEIR WORK IN OFFICE LOBBIES, GOVERNMENT BUILDINGS, LIBRARIES, RESTAURANTS, HEALTH CENTERS AND AT ART FAIRS. THE COMPETITIVE PROGRAM PROVIDES PROFESSIONAL DEVELOPMENT FOR LEAGUE EMERGING ARTISTS WHILE AT THE SAME TIME INCREASING THE GENERAL PUBLIC'S EXPOSURE TO --AND APPRECIATION AND DEMAND FOR-- VISUAL ART. IN THE MOST RECENT YEAR, EXHIBITION OUTREACH EXHIBITED THE WORK OF SEVERAL HUNDRED LEAGUE MEMBERS AND STUDENTS IN 20 SHOWS IN A DOZEN SPACES, WITH ESTIMATED VIEWERSHIP OF 200,000 PEOPLE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $584,078 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $109,569 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $6,742,034 | 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 | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | 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 | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | 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 | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 356 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 108 | 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 | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | 0 | Form8899Filedind |
| Form1098 C Filed | 0 | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | 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 | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| 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 | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ART STUDENTS LEAGUE OF NEW YORK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2122474510 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 WEST 57TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| JACK L GORDON | ||||||
| BOARD MEMBER AS OF MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | |
| SALVATORE BARBIERI | ||||||
| PRESIDENT | 2.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| THOMAS HARVEY | ||||||
| VICE PRESIDENT TO MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BETH ALBERTY | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JUDAH MARVIN FEIGENBAUM | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |
| MARY JO ANZEL | ||||||
| MEMBER/VP TO MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| VICTORIA HIBBS | ||||||
| BOARD MEMBER TO MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | |
| ELLEN TAYLOR | ||||||
| BOARD MEMBER AS OF MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | |
| CAROLE MCDERMOTT | ||||||
| BOARD MEMBER AS OF MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | |
| LEONARD SIROWITZ | ||||||
| BOARD MEMBER TO MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | |
| RICHARD BAKER | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |
| BETH BERNS | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |
| ROZ GOLDFARD | ||||||
| BOARD MEMBER AS OF MID DECEMBER '15 | 2.50 | Yes (X) | $0 | $0 | $0 | |
| LUZ-MARY HARRIS | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |
| RUTH E HURD | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |
| ARLINE MAN | ||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | |
| IRA GOLDBERG | ||||||
| EXECUTIVE DIRECTOR | 40.00 | $175,429 | $0 | $8,655 | Yes (X) | |
| JENNIFER SOLOMON | ||||||
| CHIEF FINANCIAL OFFICER FROM 1/25/16 | 40.00 | $54,231 | $0 | $3,000 | Yes (X) | |
| JEANNE LUNIN | ||||||
| DIRECTOR OF DEVELOPMENT FROM 4/25/16 | 40.00 | $12,981 | $0 | $633 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $242,641 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $12,288 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VENABLE LLP | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1270 AVENUE OF THE AMERICAS | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LEGAL SERVICE | ServicesDesc |
| Compensation | $619,978 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $27,857 | FundraisingAmt |
| All Other Contributions | $506,788 | AllOtherContributionsAmt |
| Total Contributions | $534,645 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 711120 | $3,512,644 | $3,512,644 |
| FEES | 900099 | $622,736 | $622,736 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,135,380 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,844,853 | TotalRevenueColumnAmt |
| Exclusion | $1,844,853 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $78,633,350 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $79,488,635 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$855,285 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$855,285 | TotalRevenueColumnAmt |
| Exclusion | -$855,285 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $9,553 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $27,857 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $9,553 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ART STORE NET INCOME | 444100 | $61,901 | $61,901 |
| CAFETERIA NET INCOME | 722210 | -$11,104 | -$11,104 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $50,797 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,710,390 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,186,177 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $989,568 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,650 | TotalAmt |
| Program Services | $108,650 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,678 | TotalAmt |
| Program Services | $38,936 | ProgramServicesAmt |
| Management And General | $116,806 | ManagementAndGeneralAmt |
| Fundraising | $38,936 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,606,822 | TotalAmt |
| Program Services | $1,716,836 | ProgramServicesAmt |
| Management And General | $751,545 | ManagementAndGeneralAmt |
| Fundraising | $138,441 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,130 | TotalAmt |
| Program Services | $16,956 | ProgramServicesAmt |
| Management And General | $17,663 | ManagementAndGeneralAmt |
| Fundraising | $1,511 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,422 | TotalAmt |
| Program Services | $239,952 | ProgramServicesAmt |
| Management And General | $142,255 | ManagementAndGeneralAmt |
| Fundraising | $12,215 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,998 | TotalAmt |
| Program Services | $136,154 | ProgramServicesAmt |
| Management And General | $67,208 | ManagementAndGeneralAmt |
| Fundraising | $13,636 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,866 | TotalAmt |
| Management And General | $647,925 | ManagementAndGeneralAmt |
| Fundraising | $50,941 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,572 | TotalAmt |
| Management And General | $37,572 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $349,110 | TotalAmt |
| Program Services | $63,172 | ProgramServicesAmt |
| Management And General | $257,973 | ManagementAndGeneralAmt |
| Fundraising | $27,965 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,637 | TotalAmt |
| Program Services | $4,918 | ProgramServicesAmt |
| Management And General | $15,019 | ManagementAndGeneralAmt |
| Fundraising | $1,700 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,653 | TotalAmt |
| Program Services | $9,014 | ProgramServicesAmt |
| Management And General | $22,535 | ManagementAndGeneralAmt |
| Fundraising | $1,104 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,573 | TotalAmt |
| Program Services | $30,931 | ProgramServicesAmt |
| Management And General | $196,883 | ManagementAndGeneralAmt |
| Fundraising | $15,759 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,431 | TotalAmt |
| Program Services | $225,431 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,467 | TotalAmt |
| Program Services | $19,693 | ProgramServicesAmt |
| Management And General | $267 | ManagementAndGeneralAmt |
| Fundraising | $507 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $460,456 | TotalAmt |
| Program Services | $439,392 | ProgramServicesAmt |
| Management And General | $20,641 | ManagementAndGeneralAmt |
| Fundraising | $423 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,435 | TotalAmt |
| Program Services | $124,608 | ProgramServicesAmt |
| Management And General | $26,827 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| INSTRUCTORS | $1,773,671 | $1,773,671 | ||
| MODELS | $664,354 | $664,354 | ||
| REPAIRS AND MAINTENANCE | $358,739 | $353,945 | $4,794 | |
| MISCELLANEOUS | $213,537 | $86,361 | $113,193 | $13,983 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $761,856 | TotalAmt |
| Program Services | $689,060 | ProgramServicesAmt |
| Management And General | $46,401 | ManagementAndGeneralAmt |
| Fundraising | $26,395 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,571,057 | TotalAmt |
| Program Services | $6,742,034 | ProgramServicesAmt |
| Management And General | $2,485,507 | ManagementAndGeneralAmt |
| Fundraising | $343,516 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,293 | BOYAmt |
| EOY | $781,924 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,000 | BOYAmt |
| EOY | $32,500 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $320,068 | BOYAmt |
| EOY | $331,056 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,870 | BOYAmt |
| EOY | $158,947 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,363,197 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,797,417 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,738,705 | BOYAmt |
| EOY | $7,565,780 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,388,532 | BOYAmt |
| EOY | $79,952,573 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $241,247 | BOYAmt |
| EOY | $19,863 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,052,715 | BOYAmt |
| EOY | $88,842,643 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $345,072 | BOYAmt |
| EOY | $481,582 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $387,954 | BOYAmt |
| EOY | $425,345 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,311 | BOYAmt |
| EOY | $246,439 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $955,337 | BOYAmt |
| EOY | $1,153,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,568,939 | BOYAmt |
| EOY | $62,715,454 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,826,609 | BOYAmt |
| EOY | $12,271,993 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,701,830 | BOYAmt |
| EOY | $12,701,830 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,097,378 | BOYAmt |
| EOY | $87,689,277 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,052,715 | BOYAmt |
| EOY | $88,842,643 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$3,860,667 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,668,724 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$216,158 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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) |
|---|---|---|
| School | Yes (X) | SchoolInd |
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 | Yes (1) | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,364,937 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,869,159 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $702,431 | OtherExpendituresAmt |
| End Year Balance | $44,531,665 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,701,850 | BeginningYearBalanceAmt |
| Contributions | $30,476,666 | ContributionsAmt |
| Investment Earnings Or Losses | $1,299,549 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,113,128 | OtherExpendituresAmt |
| End Year Balance | $43,364,937 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,701,850 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,569,944 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,569,944 | OtherExpendituresAmt |
| End Year Balance | $12,701,850 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,701,830 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,983,570 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,983,550 | OtherExpendituresAmt |
| End Year Balance | $12,701,850 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,701,830 | BeginningYearBalanceAmt |
| Contributions | $277,850 | ContributionsAmt |
| Investment Earnings Or Losses | -$277,850 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $12,701,830 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.70700 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.29300 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $881,000 | OtherCostOrOtherBasisAmt |
| Book Value | $881,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,514,261 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,345,415 | DepreciationAmt |
| Book Value | $6,168,846 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,967,936 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,452,002 | DepreciationAmt |
| Book Value | $515,934 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,565,780 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LOCKER DEPOSITS | $51,935 |
| TUITION CREDITS | $194,504 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $246,439 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,379,114 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,668,724 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $1,668,724 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,710,390 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,710,390 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,571,057 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,571,057 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,571,057 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | 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 PURPOSE. THE PERMANENT COLLECTION IS NOT CAPITALIZED. THE LEAGUE HAS ACQUIRED OTHER WORKS BY DONATION WHICH MAY BE SOLD TO BENEFIT ONGOING PROGRAMS. CONSISTENT WITH INDUSTRY PRACTICES, AND DISCOVERED BY MANAGEMENT OF THE ORGANIZATION DURING THE CURRENT YEAR, A CERTAIN ERROR RESULTING IN OVERSTATEMENT IN THE AMOUNT OF $216,158 WAS PREVIOUSLY REPORTED FOR WORKS OF ART AND UNRESTRICTED NET ASSETS AS OF MAY 31, 2015. ACCORDINGLY, AMOUNTS REPORTED FOR WORKS OF ART AND UNRESTRICTED NET ASSETS HAVE BEEN RESTATED IN 2015 FINANCIAL STATEMENTS NOW PRESENTED, AND AN ADJUSTMENT HAS BEEN MADE TO UNRESTRICTED NET ASSETS AS OF JUNE 1, 2014, TO CORRECT THE ERROR. |
| PART III, LINE 4: | 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 STUDENTS 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 EXHIBITS, LOANED TO MUSEUMS, AND HAVE BEEN INCLUDED IN A NUMBER OF TOURING EXHIBITIONS. THEY ARE ALSO AVAILABLE FOR SCHOLARLY RESEARCH ON AN APPOINTMENT BASIS. |
| PART V, LINE 4: | THE LEAGUE'S PERMANENT ENDOWMENT CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED FOR FACILITY SUPPORT, SCHOLARSHIPS, AND GENERAL SUPPORT. IN JULY 2014, THE BOARD OF CONTROL OF THE LEAGUE DESIGNATED THE NET PROCEEDS FROM THE SALE OF THE CANTILEVER AND DEVELOPMENT RIGHTS OF THE 57TH STREET BUILDING, IN THE AMOUNT OF $30,476,666, FOR THE PURPOSES OF SUPPORTING THE RENOVATION OF THE 57TH STREET BUILDING. |
| PART X, LINE 2: | THE LEAGUE ADOPTED ACCOUNTING STANDARDS CODIFICATION ("ASC") 740 "INCOME TAXES." ASC 740 REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE AN IMPACT ON THE LEAGUE'S FINANCIAL STATEMENTS AS MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THE LEAGUE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE LEAGUE'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED MAY 31, 2013, 2014, AND 2015 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DEPRECIATION INCLUDED IN STORE AND CAFETERIA NET INCOME |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | DEPRECIATION RELATED TO STORE AND CAFETERIA FURNITURE AND EQUIPMENT |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SEE SCHEDULE O |
| SCHEDULE E, PART I, LINE 6 | 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. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROSPER FUNDRAISING STRATEGIES | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 274 | AddressLine1Txt |
| City | PETERBOROUGH | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03458 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTING SERVICES IN CONNECTION WITH GENERAL FUNDRAISING S | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $0 | RetainedByContractorAmt |
| Net To Organization | $0 | NetToOrganizationAmt |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 140 ANNIVERSARY | Event1Nm |
| Gross Receipts Event1 | $37,410 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $27,857 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $9,553 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $9,553 | FoodAndBeverageEvent1Amt |
| Gross Receipts Total | $37,410 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $27,857 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $9,553 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $9,553 | FoodAndBeverageTotalEventsAmt |
| Direct Expense Summary Events | $9,553 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| CASH GRANTS | 16 | $89,750 | $28,335 | BOOK | |
| MERIT SCHOLARSHIPS | 32 | $0 | $52,164 | BOOK | FOR TUITION AT ASL - NET AGAINST TUITION REVENUE |
| ARTIST IN RESIDENCY | 58 | $0 | $143,600 | BOOK | ARTIST IN RESIDENCY |
| MODEL TO MONUMENT (M2M) | 7 | $18,900 | $9,124 | BOOK | PRODUCTION OF PUBLIC ART |
| SEEDS OF THE LEAGUE | 69 | $0 | $26,777 | BOOK | NYC SCHOOLS AND PARKS |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE APPLICATIONS FOR GRANTS STATE THE SPECIFIC REQUIREMENTS THAT MUST BE MET FOR EACH. THE SCHOOL'S GENERAL REQUIREMENTS STATE THAT STUDENTS MUST HAVE STUDIED AT THE LEAGUE FOR AT LEAST 16 MONTHS ON A FULL-TIME BASIS (A CLASS THAT MEETS FIVE DAYS A WEEK). SOME DONORS ALSO HAVE SPECIFIC REQUIREMENTS SUCH AS A FEMALE SCULPTOR, OR BY AGE, OR MEDIUM. BEFORE FUNDS ARE DISTRIBUTED, THE SCHOLARSHIP/GRANT COORDINATOR MAKES SURE THAT ALL TIME REQUIREMENTS HAVE BEEN MET. THESE REQUIREMENTS ARE TRACKED BY THE CLASS REGISTRATION SYSTEM. PRIOR TO AWARDING GRANTS, OUTSIDE JUDGES (ART CRITICS, ARTISTS, CURATORS, HISTORIANS) CHOOSE THE BEST ARTWORK WITHIN THE CONTEXT OF THE GRANT, FOR EXAMPLE, AN ART STUDENT WHOSE FOCUS IS PAINTING, OR WHO WORKS IN A NONOBJECTIVE/ABSTRACT STYLE, ETC. THE SCHOLARSHIP/GRANT COORDINATOR ALSO REQUIRES STUDENTS WHO RECEIVE THE TRAVEL GRANT TO SEND IN MONTHLY REPORTS OUTLINING THEIR PROGRESS. SCHOLARSHIPS FOR THE VYTLACIL ARTIST-IN-RESIDENCY PROGRAM ARE AVAILABLE TO LEAGUE STUDENTS AND EMERGING ARTISTS THROUGHOUT THE WORLD. THE APPLICATION PROCESS INCLUDES THE SUBMISSION OF WORK AND A STATEMENT OF INTENT FOR WHAT THE ARTIST WOULD LIKE TO ACCOMPLISH DURING THE RESIDENCY. SELECTIONS ARE MADE BY THE PROGRAM STAFF BASED ON ARTISTIC MERIT. IN THE MODEL TO MONUMENT PROGRAM, ACCOMPLISHED LEAGUE SCULPTURE STUDENTS ARE SELECTED BASED ON RECOMMENDATIONS FROM THEIR INSTRUCTORS AND AN EXTENSIVE PROPOSAL PROCESS THAT INCLUDES PREVIOUS WORK SAMPLES, A PROJECT NARRATIVE FOR A PROPOSED SITE-SPECIFIC PIECE, AND A MODEL OF THAT PIECE. SELECTIONS ARE MADE BY A JURY THAT INCLUDES GALLERISTS AND PROFESSIONAL ARTISTS EXPERIENCED IN PUBLIC ART, REPRESENTATIVES FROM THE VENUES, THE PROGRAM MENTOR, AND THE EXECUTIVE DIRECTOR. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IRA GOLDBERG | ||||||||||||||
| EXECUTIVE DIRECTOR | $175,429 | $0 | $0 | $0 | $0 | $0 | $2,080 | $0 | $6,575 | $0 | $184,084 | $0 | $0 | $0 |
| JENNIFER SOLOMON | ||||||||||||||
| CHIEF FINANCIAL OFFICER FROM 1/25/16 | $54,231 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3,000 | $0 | $57,231 | $0 | $0 | $0 |
| JEANNE LUNIN | ||||||||||||||
| DIRECTOR OF DEVELOPMENT FROM 4/25/16 | $12,981 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $633 | $0 | $13,614 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION DOES NOT ACCEPT NON-CASH CONTRIBUTIONS THAT CANNOT BE READILY USED TO FURTHER THE ORGANIZATION'S MISSION; OR FOR WHICH THERE IS NO READY MARKET TO WHICH THE ORGANIZATION MAY GO TO LIQUIDATE THE CONTRIBUTION AND CONVERT IT TO CASH; OR IS OF A QUESTIONABLE VALUE THAT IS DIFFICULT TO ASCERTAIN. WHEN A DONOR WOULD LIKE TO GIVE AN ARTWORK TO THE LEAGUE FOR ITS PERMANENT COLLECTION, THE WORK IS EXAMINED BY THE LEAGUE'S CURATOR WHO, IF THE WORK IS DEEMED APPROPRIATE, THEN PRESENTS HER RECOMMENDATION TO THE BOARD. THE BOARD THEN VOTES ON WHETHER THE ORGANIZATION WILL ACCEPT OR REJECT THE WORK. WHEN A DONOR WOULD LIKE TO GIVE ART THAT IS INTENDED TO BE HELD FOR EVENTUAL SALE, THE EXECUTIVE DIRECTOR EXAMINES THE WORK AND MAKES HIS RECOMMENDATION TO THE BOARD. IN THE CASE OF OTHER NONCASH ITEMS, SUCH AS BOOKS OR EQUIPMENT, AN APPROPRIATE STAFF MEMBER INSPECTS THE ITEMS, AND IF THE ITEMS ARE DEEMED USABLE OR SALEABLE, THE STAFF MEMBER MAKES HIS OR HER RECOMMENDATION TO ACCEPT THE DONATION TO THE EXECUTIVE DIRECTOR. ANY OTHER UNUSUAL, NON-STANDARD ITEMS ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND REPORTED TO THE BOARD ON A CASE-BY-CASE BASIS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | 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 MEMBERS AND RETAIN 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 "LAPSED AND THEN DROPPED AND RELINQUISH 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. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE LEAGUE HAVE THE RIGHT TO ELECT ANNUALLY A PRESIDENT, TWO VICE-PRESIDENTS, AND THREE REGULAR MEMBERS OF THE BOARD OF CONTROL, WHICH IS REPSONSIBLE FOR THE DIRECTION AND OVERSIGHT OF THE ORGANIZATION DURING ITS TERM OF OFFICE. A NOMINATING BUSINESS MEETING IS HELD IN OCTOBER WITH ELECTION BY MEMBERSHIP VOTE AT THE ANNUAL MEETING IN DECEMBER. THE SIX MEMBERS SO ELECTED SHALL ORGANIZE WITHIN TEN DAYS, AND PROCEED TO ELECT SIX OTHERS. THERE ARE TWO CATEGORIES OF CURRENT (NOT LAPSED OR DROPPED) MEMBERS: (A) "ACTIVE [VOTING] MEMBERS," WHO HAVE THE RIGHT TO VOTE ON ALL MATTERS FOR WHICH A MEMBER OF THE ORGANIZATION IS ENTITLED TO VOTE UNDER THE BY-LAWS; AND (B) "INACTIVE [VOTING] MEMBERS," WHO ARE MEMBERS OF THE ORGANIZATION FOR ALL OTHER PURPOSES, BUT WHO DO NOT RECEIVE A BALLOT IN THE MAIL. ANY CURRENT MEMBER WHO HAS NOT VOTED IN TWO SUCCESSIVE LEAGUE MEMBER MEETINGS (EITHER IN PERSON OR VIA MAIL) IS AUTOMATICALLY DEEMED TO HAVE ELECTED TO BECOME AN INACTIVE MEMBER. AN INACTIVE MEMBER MAY REINSTATE HIS OR HER STATUS AS AN ACTIVE MEMBER EITHER: (A) BY VOTING AT ANY MEETING OF THE MEMBERSHIP IN PERSON; OR (B) BY SUBMITTING A WRITTEN OR ONLINE REQUEST FOR REINSTATEMENT AS AN ACTIVE [VOTING] MEMBER TO THE BOARD AT LEAST 30 DAYS BEFORE A MEETING OF MEMBERS IN WHICH SUCH MEMBER DESIRES TO VOTE. IN EITHER SUCH EVENT, SUCH PERSON SHALL THEREUPON BECOME AND BE AN ACTIVE [VOTING] MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE CONSTITUTION OF THE LEAGUE MAY BE AMENDED ONLY AT THE ANNUAL MEMBERS MEETING OF THE LEAGUE, BY A THREE-FOURTHS VOTE OF THE MEMBERS PRESENT AT THE MEETING. BUT NO AMENDMENT SHALL BE ACTED UPON UNLESS IT HAS BEEN SUBMITTED TO THE BOARD OF CONTROL AND POSTED FOR TWO WEEKS PREVIOUS TO SUCH A MEETING. ADDITIONALLY, THE BOARD OF CONTROL MAY TAKE NO ACTION TO SELL, LEASE, MORTGAGE, OR DISPOSE OF THE LEAGUE'S BUILDING, OR ANY INTEREST THEREIN (INCLUDING DEVELOPMENT OR OTHER RIGHTS ASSOCIATED WITH THE OWNERSHIP OF THE BUILDING), UNLESS AND UNTIL: (A) THE PROPOSED ACTION HAS BEEN APPROVED BY TWO SUCCESSIVE BOARDS OF CONTROL (THAT IS, BY THE BOARD AS CONSTITUTED AT THE TIME OF THE FIRST SUCH APPROVAL, AND BY THE BOARD AS RECONSTITUTED AFTER THE NEXT ANNUAL ELECTION OF THE BOARD); AND (B) THE BOARD HAS THEREAFTER SUBMITTED THE PROPOSED TRANSACTION TO THE MEMBERS, AND A MAJORITY OF MEMBERS ENTITLED TO VOTE (OR SUCH GREATER PERCENTAGE OF MEMBERS WHOSE AFFIRMATIVE VOTE MAY BE REQUIRED BY LAW FROM TIME TO TIME) HAVE APPROVED THE PROPOSED TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 OF THE ORGANIZATION IS PREPARED BY THE LEAGUE'S FINANCE OFFICE, AND IS BASED ON THE INFORMATION CONTAINED IN THE CORRESPONDING AUDITED FINANCIAL STATEMENT FOR THAT YEAR. THE AUDITED FINANCIAL STATEMENT IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT AND IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF CONTROL, WHO THEN, ONCE SATISFIED THAT THE STATEMENT'S INFORMATION IS CORRECT, APPROVES THE INFORMATION CONTAINED THEREIN. THE AUDITOR THEN FINALIZES THE DOCUMENT AND SUBMITS THE COMPLETED 990 TO THE BOARD FOR REVIEW AND APPROVAL BEFORE SENDING IT TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, EACH BOARD MEMBER, CANDIDATE, OFFICER, MEMBER OF A COMMITTEE AND KEY EMPLOYEE WITH BOARD-DELEGATED POWERS IS REQUIRED TO SIGN A STATEMENT, WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT ASL IS A NONPROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. ADDITIONALLY, PERIODIC REVIEWS SHALL BE CONDUCTED BY THE BOARD TO ENSURE THAT ASL OPERATES IN A MANNER CONSISTENT WITH ITS NONPROFIT PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX. IN CONDUCTING THE PERIODIC REVIEWS, ASL MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. IF OUTSIDE EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING THAT PERIODIC REVIEWS ARE CONDUCTED. |
| FORM 990, PART VI, SECTION B, LINE 15 | 15A:THE EXECUTIVE DIRECTOR EVALUATION COMMITTEE, WHICH COMPRISES INDEPENDENT BOARD MEMBERS, FORMS AS NEEDED TO EVALUATE AND REPORT ON THE PERFORMANCE OF THE EXECUTIVE DIRECTOR TO THE BOARD, AND ALSO LEAD THE PROCESS WHEN THE EXECUTIVE DIRECTOR'S CONTRACT COMES UP FOR RENEWAL (CURRENTLY EVERY THREE YEARS). THE COMMITTEE IS RESPONSIBLE FOR RESEARCHING COMPARABILITY DATA TO PREPARE THE EXECUTIVE DIRECTOR'S CONTRACT, INCLUDING COMPENSATION COMPARISIONS, AND FOR ENGAGING CONSULTANTS (INDEPENDENT PERSONS) NEEDED TO ASSIST WITH THE PROCESS. THEY ALSO DRIVE THE NEGOTIATION PROCESS, WHICH IS CONDUCTED IN A MANNER COMPLIANT WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AND THEY PRESENT THE CONTRACT TO THE BOARD FOR FINAL APPROVAL. ANY DISCUSSIONS AND THE APPROVAL (OR REJECTION) OF THE CONTRACT ARE NOTED IN THE MINUTES OF THE BOARD MEETING(S) AT WHICH THE DISCUSSION(S) TOOK PLACE. A COPY OF THE CONTRACT AND ANY REPORTS TO THE BOARD BY THE COMMITTEE ARE KEPT ON FILE AT THE ORGANIZATION. 15B:OTHER THAN THE EXECUTIVE DIRECTOR, THE ORGANIZATION HAS NO KEY EMPLOYEES (AS DEFINED BY THE IRS). |
| FORM 990, PART VI, SECTION C, LINE 18 | A COPY OF THE ART STUDENTS LEAGUE'S LATEST FORM 990 AND AUDITED FINANCIAL STATEMENT MAY BE OBTAINED UPON REQUEST FROM THE ORGANIZATION OR FROM THE NEW YORK STATE ATTORNEY GENERAL'S CHARITIES BOARD, 120 BROADWAY, NEW YORK, NY 10271. COPIES OF ASL'S 990 MAY ALSO BE VIEWED THROUGH GUIDESTAR (HTTP://WWW.GUIDESTAR.COM), AT HTTP://FOUNDATIONCENTER.ORG/FINDFUNDERS/990FINDER/, OR AT HTTP://WWW.THEARTSTUDENTSLEAGUE.ORG |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CONSTITUTION AND BY-LAWS OF THE ORGANIZATION ARE PRINTED AND BOUND AND AVAILABLE UPON REQUEST FROM THE ORGANIZATION, IN ADDITION TO BEING DISTRIBUTED TO ALL NEW MEMBERS. THE MINUTES OF BOARD AND MEMBERSHIP MEETINGS ARE POSTED, FOR AT LEAST A MONTH AND ON A REGULAR BASIS, IN THE LOBBY OF THE ORGANIZATION'S BUILDING, AND ARE ALSO AVAILABLE FOR REVIEW BY APPOINTMENT. ANNUAL TREASURER'S REPORTS ARE MAILED TO THE MEMBERSHIP ON AN ANNUAL BASIS, AND ARE ALSO AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 2C, EXPLANATION | THE AUDIT COMMITTEE SELECTS THE INDEPENDENT AUDITOR AND REVIEWS THE RESULTS OF THE ANNUAL AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
| FORM 990, SCHEDULE E, LINE 3, NONDISCRIMINATORY POLICY | UNDER REV. PROC. 75-50, SECTION 4.03, 2C., WE BELIEVE THAT PUBLICIZING OUR NONDISCRIMATION POLICY IS NOT REQUIRED BECAUSE WE ARE A SCHOOL THAT "CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AND THAT WE ENROLL "STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS." A RECENT SURVEY SHOWED THAT RACIAL MINORITY GROUP MEMBERS MADE UP 20% OF STUDENTS. IN ADDITION, 11% OF STUDENTS WERE HISPANIC. ALTHOUGH WE BELIEVE PUBLICIZING IS NOT REQUIRED, WE PUBLICIZE OUR NONDISCRIMINATION POLICY VIA A NEWSPAPER ADVERTISEMENT FROM TIME TO TIME. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN FINE ARTS SOCIETY INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 215 WEST 57TH STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100192104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136000080 | EIN |
| Primary Activities | AFAS IS A SUPPORTING ORGANIZATION OF THE ART STUDENTS LEAGUE OF NEW YORK | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | TYPE 1 - 509(A)(3) | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN FINE ARTS SOCIETY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | N | TransactionTypeTxt |
| Method Of Amount Determination | BOOK | MethodOfAmountDeterminationTxt |