Cause IQ organization profile

New Museum of Contemporary Art

New Museum of Contemporary Art is a art museum based in New York, NY that was founded in 1977. As of 2018 they had $16 million in revenue and $98 million in assets.

Founded in 1977, the New Museum is the only Museum devoted exclusively to Contemporary Art in New york and is one of the leading Contemporary Art musuem worldwide. Our mission is simply "New Art, New ideas.". With a commitment to global programs unpar...

EIN:

13-2986881

City:

New York

State:

New York

Metro:

New York-Newark-Jersey City, NY-NJ-PA

Website:

newmuseum.org

Facebook:

facebook.com/newmuseum

Twitter:

@newmuseum

Founded:

1977

Type:

501(c)(3)

NTEE:

A51: Art museums

Revenue:

$16,368,880

Assets:

$98,751,194

Employees:

182

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at New Museum of Contemporary Art

Exhibitions and special projects reflect the New museums enduring commitment to encouraging New work by a diverse range of emerging and established international artists. Programs change regularly and encapsulate the New museums philosophy of openness and fearlessness, as well as our history as the home of socially committed Contemporary Art.

New inc, the first mueseum-led incubator, is a shared workspace and professional development program designed to support creative practitioners working in the areas of Art, technology and design.

Through the department of education and public engagements research and development seasons, the museums public programming connects various projects in the Museum, theater, 5th floor gallery, and resource center around a New organizing theme each fall and spring. Additionally, a wide range of exhibition-related programs include film screenings, talks with artists and scholars, conferences, performances, and live music that take place in the New Museum theater.

Form 990s for New Museum of Contemporary Art

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Oct 28, 2019	990	View PDF
2018-06	Aug 17, 2019	990	View PDF
2017-06	Apr 10, 2018	990	View PDF
2016-06	Sep 1, 2017	990	View PDF
2015-06	Jul 26, 2016	990	View PDF
...and six more Form 990 PDFs

Financials for New Museum of Contemporary Art

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$212,634	$300,543	-29.3%
Fundraising event contributions	$1,730,248	$2,210,859	-21.7%
Related organizations	$0	$0
Government grants (contributions)	$229,329	$180,370	27.1%
Normal grants, contributions, etc.	$11,026,063	$17,979,995	-38.7%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$13,198,274	$20,671,767	-36.2%

Field	2018	2017	% Change
Total grants, contributions, etc.	$13,198,274	$20,671,767	-36.2%
Program services	$2,983,202	$4,121,782	-27.6%
Investment income and dividends	$93,092	$48,226	93.0%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$-563,495	$-609,969	7.6%
Net gain from sale of non-inventory assets	$-519	$291,166	-100.2%
Net income from fundraising events	$-56,509	$-579,538	90.2%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$152,177	$243,873	-37.6%
Miscellaneous revenues	$562,658	$114,778	390.2%
Total revenues	$16,368,880	$24,302,085	-32.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,048,981	$1,994,248	2.7%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$5,353,560	$5,651,275	-5.3%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$366,826	$451,305	-18.7%
Payroll taxes	$541,858	$437,639	23.8%
Management fees	$0	$0
Legal fees	$31,028	$54,807	-43.4%
Accounting fees	$48,265	$39,985	20.7%
Lobbying fees	$33,250	$0	999%
Pro. fundraising fees	$31,000	$50,000	-38%
Investment mgmt fees	$0	$0
Other fee-for-service	$1,354,384	$753,098	79.8%
Advertising and promotion	$220,703	$175,347	25.9%
Office expenses	$2,446,014	$2,744,343	-10.9%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$587,110	$670,368	-12.4%
Travel	$774,561	$650,025	19.2%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$14,348	$326,328	-95.6%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$2,420,170	$2,308,380	4.8%
Insurance	$224,350	$288,428	-22.2%
All other expenses	$354,018	$221,438	59.9%
Total expenses	$16,850,426	$16,817,014	0.2%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$601,815	$835,111	-27.9%
Savings, short-term investments, etc.	$19,303,301	$15,600,215	23.7%
Pledges and grants receivable	$17,103,301	$22,268,984	-23.2%
Accounts receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$210,529	$179,025	17.6%
Prepaid expenses and deferred charges	$328,260	$380,421	-13.7%
Buildings, equipment, etc. post-depreciation	$57,512,951	$56,201,025	2.3%
Investments, publicly traded securities	$3,691,037	$4,193,786	-12.0%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$0	$0
Total assets	$98,751,194	$99,658,567	-0.9%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$2,288,760	$2,168,521	5.5%
Grants payable	$0	$0
Deferred revenue	$45,603	$152,587	-70.1%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$8,473,908	$9,085,781	-6.7%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$33,939	$317,907	-89.3%
Total liabilities	$10,842,210	$11,724,796	-7.5%

Field	2018	2017	% Change
Unrestricted net assets	$44,830,415	$42,210,918	6.2%
Temporarily restricted net assets	$39,393,337	$42,287,621	-6.8%
Permanently restricted net assets	$3,685,232	$3,435,232	7.3%

Vendors for New Museum of Contemporary Art

Vendor	Services	Amount paid	Date
Blackbaud	CRM software; Fundraising software		2020-02-29
███ ███	Tax accounting		2019-10-28
████████ ███ █████████████	Next Gen Ev	$31,000	2018-06-01
█████████ ████████	Software		2018-05-01
████ ███ ██████ ███	Audit accounting		2017-12-31
███ █████████	Insurance agent or broker	$3,020	2017-12-31
████████ █████ ███████	Custodial (securities), Trustee (directed)	$132	2017-12-31
█████████████ ██████ ████ █████████ ███████	Insurance		2017-12-31
...and 12 more vendors

Personnel at New Museum of Contemporary Art

Name	Title	Compensation	Most recent data
Randi Charno Levine	Vice President	-	Sept. 29, 2020
Ed Ruscha	Executive Director	-	Sept. 29, 2020
███████ ████████	Director of Finance	-	Oct. 28, 2019
████ ████████	Chairman	$0	Sept. 29, 2020
█████ ██ ██████	Vice President	$0	Sept. 29, 2020
████ ██ ███████	Vice Chairman	$0	Sept. 29, 2020
█████ █████████	Vice President	$0	Sept. 29, 2020

Peer art museums

	Name	Type	Revenue	Location
1	Everson Museum of Art	501(c)(3)	$6.4 million	Syracuse, NY
2	Buffalo Fine Arts Academy	501(c)(3)	$19 million	Buffalo, NY
3	Rubin Museum of Art	501(c)(3)	$13 million	New York, NY
4	El Museo Del Barrio	501(c)(3)	$4.5 million	New York, NY
5	Munson-Williams-Proctor Arts Institute (MWPAI)	501(c)(3)	$22 million	Utica, NY
6	Storm King Art Center	501(c)(3)	$23 million	New Windsor, NY
7	Judd Foundation	501(c)(3)	$8.4 million	New York, NY
8	Fenimore Art Museum	501(c)(3)	$8.2 million	New York, NY
9	The Parrish Art Museum	501(c)(3)	$5.4 million	Water Mill, NY
10	American Numismatic Society (ANS)	501(c)(3)	$8.5 million	New York, NY
11	The Jewish Museum	501(c)(3)	$26 million	New York, NY
12	Solomon R. Guggenheim Foundation (SRGF)	501(c)(3)	$77 million	New York, NY
13	The Morgan Library & Museum	501(c)(3)	$35 million	New York, NY
14	Brooklyn Museum	501(c)(3)	$43 million	Brooklyn, NY
15	Noguchi Museum	501(c)(3)	$7.7 million	Long Island City, NY
16	Queens Museum	501(c)(3)	$5.5 million	Queens, NY
17	Museum of Arts and Design	501(c)(3)	$11 million	New York, NY
18	Corning Museum of Glass	501(c)(3)	$46 million	Corning, NY
19	The Frick Collection	501(c)(3)	$36 million	New York, NY
20	Newfields	501(c)(3)	$77 million	Indianapolis, IN
21	Mint Museum of Art	501(c)(3)	$7.0 million	Charlotte, NC
22	Nelson-Atkins Museum of Art	501(c)(3)	$40 million	Kansas City, MO
23	Huntington Library Art Museum and Botanical Gardens	501(c)(3)	$74 million	San Marino, CA
24	Mcnay Art Museum	501(c)(3)	$13 million	San Antonio, TX
25	Boca Raton Museum of Art	501(c)(3)	$7.0 million	Boca Raton, FL

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Cause IQ organization profile

New Museum of Contemporary Art

Program areas at New Museum of Contemporary Art

Form 990s for New Museum of Contemporary Art

Financials for New Museum of Contemporary Art

Vendors for New Museum of Contemporary Art

Personnel at New Museum of Contemporary Art

Peer art museums

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