2025-03-07T14:11:38-06:00 2024-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-07-01 131628183 NATIONAL ACADEMY OF DESIGN NATI 2123694880 519 WEST 26TH STREET 2 FL NEW YORK NY 10001 GREGORY WESSNER EXECUTIVE DIRECTOR 2123694880 2025-03-06 1 1 FREDERICK MARTENS P00298107 2126972299 2023 2025-03-06 01:10:19Z GREGORY WESSNER 519 WEST 26TH STREET 2 FL NEW YORK NY 10001 31639302 0 X WWW.NATIONALACADEMY.ORG X 1825 NY THE NATIONAL ACADEMY PROMOTES THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. 23 23 14 23 0 0 534575 321131 0 0 829759 5716130 17633 79765 1381967 6117026 73860 50500 0 0 1419757 1396567 0 47500 300542 1845039 2092558 3338656 3587125 -1956689 2529901 85729701 92469257 4470262 4062393 81259439 88406864 X THE MISSION OF THE NATIONAL ACADEMY OF DESIGN IS TO PROMOTE THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION. 0 0 2014162 50500 79765 ART EXHIBITIONS:SINCE 1825, THE NATIONAL ACADEMY HAS ORGANIZED SCHOLARLY AND EXCITING EXHIBITIONS OF AMERICAN ART AND ARCHITECTURE THAT FOCUS ON THE WORK OF INDIVIDUAL ARTISTS AND ARCHITECTS IN ITS MEMBERSHIP, AS WELL AS EXPLORE RELEVANT, CURRENT IMPORTANT THEMES, EVENTS, AND ISSUES. IN FY2024, WE SHOWED FOUR EXHIBITIONS, INCLUDING "DRAWING AS PRACTICE," "SITES OF IMPERMANENCE," "AS TOLD BY ITS MAKERS: RECENT ACQUISITIONS OF CONTEMPORARY ART, AND "191ST ANNUAL: ACADEMY STYLE." COLLECTIONS:THE NATIONAL ACADEMY MAINTAINS A COLLECTION OF NEARLY 8,000 WORKS OF AMERICAN ART AND ARCHITECTURE IN ADDITION TO A HISTORIC ARCHIVE OF RECORDS, DOCUMENTS, AND EPHEMERA RELATED TO THE ACADEMY'S HISTORY AND MEMBERSHIP. IN FY2024, THE ACADEMY ADDED 30 ADDITIONAL WORKS TO ITS COLLECTION.PUBLIC PROGRAMS:WE PROVIDE PUBLIC AND EDUCATIONAL PROGRAMMING TO ACCOMPANY AND PROVIDE CONTEXT FOR EXHIBITIONS AND OTHER ACTIVITIES AT THE NATIONAL ACADEMY. SOME PROGRAMS FROM FY2024 INCLUDED A SERIES TO ACCOMPANY THE EXHIBITION, "DRAWING AS PRACTICE" TITLED ; A DRAWING WORKSHOP WITH ARTIST JENNY POLAK; AND A SERIES OF ARCHITECTURE TALKS AND PANELS WITH NATIONAL ACADEMICIAN ARCHITECT MEMBERS. 2014162 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 64 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ELIZA COVIELLO 2123694880 519 WEST 26TH STREET FLOOR 2 NEW YORK NY 10001 DOUG POLLEY CHAIR 10.00 X X 0 0 0 LESLIE WAYNE VICE 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 LOCKIE ANDREWS 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 AMY GOLDRICH 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 HOLLY HOTCHNER 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 RUTHARD MURPHY GOVERNOR 2.00 X 0 0 0 NICO OCORO GOVERNOR 2.00 X 0 0 0 HELAINE POSNER GOVERNOR 2.00 X 0 0 0 SUE SCOTT 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 GREGORY WESSNER EXECUTIVE DIRECTOR 40.00 X 169953 0 30836 ELIZA COVIELLO DEPUTY DIRECTOR 40.00 X 136668 0 20783 SARA REISMAN CHIEF CURATOR 40.00 X 126109 0 15782 DIANA THOMPSON DIRECTOR OF COLLECTIONS 40.00 X 108968 0 20002 541698 0 87403 4 0 1 0 YOUR PART TIME CONTROLLER PO BOX 1209 MOUNT LAUREL NJ 08054 PROFESSIONAL ACCOUNTING SERVICES 110425 1 34725 25000 261406 34725 321131 2081406 2081406 29157000 25522276 3634724 3634724 3634724 0 34725 0 0 OTHER INCOME 900099 79765 79765 79765 6117026 79765 0 5716130 15000 15000 35500 35500 347349 128569 127666 91114 852246 701291 105442 45513 19235 13419 3677 2139 77464 61073 11016 5375 100273 69955 19168 11150 3683 3683 155655 155655 47500 47500 275298 275298 279164 122214 156950 8119 468 7651 418371 262003 112158 44210 637517 468483 123535 45499 126147 35807 89807 533 116366 39674 76692 EVENT EXPENSE 70666 60706 2451 7509 OTHER 1572 1572 3587125 2014162 1272421 300542 59673 164365 1132573 867328 6500 91908 118076 89819 892993 486195 437626 406798 63494952 75184720 16204024 11950327 4190869 3799400 85729701 92469257 171880 105723 4298382 3956670 4470262 4062393 X 65888250 70835627 15371189 17571237 81259439 88406864 85729701 92469257 2529901 4617524 0 X 0 1 X 1 0 X 232733 660102 442006 534575 321131 2190547 232733 660102 442006 534575 321131 2190547 475263 1715284 1795961 1229288 1340759 1942714 2081406 8390128 18028 41523 66933 17633 79765 223882 10804557 90000 0.15880 0.16630 X NATIONAL ACADEMY OF DESIGN'S PERCENTAGE OF PUBLIC SUPPORT IS LESS THAN 33 1/3%. HOWEVER, ITS PUBLIC SUPPORT IS MORE THAN 10% OF ITS TOTAL SUPPORT. THE ACADEMY HAS A SOLICITATION PLAN FOR ATTRACTING PUBLIC SUPPORT AND A HAS A BROAD, REPRESENTATIVE GOVERNING BODY. ITS PROGRAM SERVICES DIRECTLY BENEFIT THE GENERAL PUBLIC. THEREFORE, NATIONAL ACADEMY OF DESIGN QUALIFIES FOR NON-PRIVATE FOUNDATION STATUS UNDER THE FACTS AND CIRCUMSTANCES TEST OF IRC SEC 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 79186410 0 9982327 2562716 86606021 74274171 26500 7388319 2502580 79186410 90877718 97390 -14148141 2552796 74274171 77886572 201236 14644566 1854656 90877718 79177320 20000 481527 1792275 77886572 0.79965 0.07486 0.12550 0 0 250984 25022 225962 642009 461173 180836 406798 INVESTMENT FUNDS - LONG/SHORT EQUITIES 11950327 F 11950327 OPERATING LEASE LIABILITY 3956670 3956670 10459252 4617524 4617524 5841728 275298 275298 6117026 3311827 0 3311827 275298 275298 3587125 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 X X 1 ART STRATEGY 205 WARREN ST 3F BROOKLYN NY 11201 FUNDRAISING CONSULTING 0 0 47500 0 47500 NY AUCTION 34725 34725 34725 34725 1 WEEQUAHIC HIGH SCHOOL ALUMNI 279 CHANCELLOR AVE NEWARK NJ 07112 227398194 501(C)(3) 15000 0 ABBEY MURAL PRIZE 1 0 ABBEY MURAL GRANT AWARD 2 35500 PART I, LINE 2: CREATED IN 1932 THROUGH AN ENDOWED BEQUEST IN HONOR OF ILLUSTRATOR AND MURALIST EDWIN AUSTIN ABBEY NA, THE ABBEY MURAL PRIZE AWARDS GRANTS TO SUPPORT THE COMMISSION OF PUBLIC MURALS IN THE UNITED STATES. BUILDING ON A TRADITION OF PUBLIC MURALS AS INSTRUMENTS OF SOCIAL ACTIVISM, NEIGHBORHOOD REVITALIZATION, AND COMMUNITY ENGAGEMENT, THE ABBEY MURAL PRIZE AIMS TO BROADEN SUPPORT AND RECOGNITION OF THE VITAL ROLE THAT MURALS PLAY IN MAKING PUBLIC SPACE MORE OPEN AND ACCESSIBLE. JURIED BY THE ACADEMY'S ABBEY MURAL COMMITTEE, THE ABBEY MURAL PRIZE SUPPORTS PROJECTS BY INDIVIDUALS OR ORGANIZATIONS WITH GRANTS RANGING FROM $10,000 TO $40,000. GRANTS ARE AWARDED FOR THE CREATION OR RESTORATION OF PUBLIC MURALS, ESPECIALLY THOSE THAT PROMOTE ACCESSIBILITY, SERVE LOCAL AUDIENCES, AND INSPIRE COMMUNITY DIALOGUE. FUNDED PROJECTS MUST BE IN OR ON PUBLIC BUILDINGS OR ON BUILDINGS OWNED BY CHARITABLE INSTITUTIONS; OTHERWISE, THERE ARE NO RESTRICTIONS. WHILE MURALS ARE CONVENTIONALLY DEFINED AS PAINTINGS OR MOSAICS ON A WALL, THE ABBEY MURAL PRIZE ENCOURAGES PROPOSALS THAT BROADEN THE DEFINITION OF WHAT A PUBLIC MURAL CAN BE. GRANTEES AGREE TO PROVIDE A PRESENTATION, AS A WRITTEN REPORT AND WITH COLLECTION OF IMAGES, ON THE USE OF THE AWARD AS SET FORTH ABOVE SENT TO THE NATIONAL ACADEMY WITHIN THREE MONTHS OF THE PROJECT'S COMPLETION. X X X X 0 0 0 0 0 0 0 0 0 GREGORY WESSNER EXECUTIVE DIRECTOR 169953 0 0 0 0 0 11885 0 18951 0 200789 0 0 0 ELIZA COVIELLO DEPUTY DIRECTOR 136668 0 0 0 0 0 5970 0 14813 0 157451 0 0 0 X 13 34725 AUCTION SALE AMOUNT 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A 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 15 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. ALL SALARIES AND SALARY RANGES FOR POSITIONS ARE ALIGNED WITH OR EXCEED NON-PROFITS ARTS ORGANIZATION STANDARDS FOUND IN ANNUAL SALARY REPORTS, SUCH AS AMERICAN ASSOCIATION OF MUSEUM DIRECTORS, PNP STAFFING GROUP, AND NONPROFIT NEW YORK, AMONG OTHERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.