Parrish Art Museum Inc

Organization Overview

Parrish Art Museum Inc is located in Water Mill, NY. The organization was established in 1959. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Parrish Art Museum Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parrish Art Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Parrish Art Museum Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MUSEUM ENCOURAGES AN APPRECIATION OF ART THROUGH EXHIBITIONS AND EDUCATIONAL PROGRAMS AND PROMOTES AN UNDERSTANDING AND APPRECIATION OF ARTWORK ON VIEW TO THE GENERAL PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PARRISH ART MUSEUM, INC., IS LOCATED IN WATER MILL, NEW YORK AND ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. THE MUSEUM WAS FOUNDED IN 1897 BY SAMUAL LONGSTRETH PARRISH AND WAS CHARTERED BY THE UNIVERSITY OF THE STATE OF NEW YORK EDUCATION DEPARTMENT IN 1954. THE MUSEUM OPENED ITS NEW BUILDING DESIGNED BY HERZOG AND DE MEURON TO INTERNATIONAL ACCLAIM IN NOVEMBER 2012 ALLOWING IT TO EXHIBIT ITS PERMANENT ART COLLECTION SIDE-BY-SIDE WITH CHANGING EXHIBITIONS THROUGHOUT 12,000 SQUARE FEET OF GALLERY SPACE. WE PRESENT MULTIPLE TEMPORARY EXHIBITIONS EACH YEAR, INCLUDING NEW INSTALLATIONS DRAWN FROM OUR WORLD-CLASS COLLECTION OF MORE THAN 3,000 WORKS, SPECIAL EXHIBITIONS THAT RECONSIDER THE WORK OF A SINGLE ARTIST, AND GROUP EXHIBITIONS THAT EXPLORE COMPELLING THEMES. THE PARRISH PRODUCES OVER 100 PUBLIC PROGRAMSFILM, MUSIC, AND TALKSAND OFFERS A YEAR-ROUND SCHEDULE OF INSPIRING CLASSES AND WORKSHOPS.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly Taxter
Director
$187,768
Frederic M Seegal
Co-Chair
$0
Alexandra Stanton
Co-Chair
$0
Sean Cohan
Co-President
$0
Timothy G Davis
Co-President
$0
Sandy Perlbinder
Vice President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marshall Fine Arts
Install And Store Artwork
$100,879
Rsa Catering
Catering Services
$100,377
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,102,475
Related organizations$0
Government grants $1,064,038
All other contributions, gifts, grants, and similar amounts not included above$2,528,143
Noncash contributions included in lines 1a–1f $104,867
Total Revenue from Contributions, Gifts, Grants & Similar$4,694,656
Total Program Service Revenue$850,646
Investment income $115,512
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $159,327
Net Income from Fundraising Events -$260,523
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $103,092
Miscellaneous Revenue$0
Total Revenue $6,006,161

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Parrish Art Museum Inc has recieved totaling $5,800.

Awarding OrganizationAmount
Franklin Family Charitable Foundation

Los Angeles, CA

PURPOSE: ART

$3,300
The Mclean Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,728,302
Earnings$477,423
Admin Expense$36,670
Other Expense$207,798
Ending Balance$4,961,257

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