Frick Collection

Organization Overview

Frick Collection is located in New York, NY. The organization was established in 1939. 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 06/2020, Frick Collection employed 370 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Frick Collection generated $72.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $43.4m during the year ending 06/2020. While expenses have increased by 0.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE FRICK COLLECTION (THE "COLLECTION") OPERATES AN INTERNATIONALLY RECOGNIZED ART MUSEUM AND LIBRARY PROGRAM FOR THE INSPIRATION AND ENJOYMENT OF THE PUBLIC AND FOR THE ADVANCEMENT OF THE STUDY OF FINE ARTS AND KINDRED SUBJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSEUM PROGRAM: THE COLLECTION MAINTAINS AND CONSERVES OVER 1,100 WORKS OF ART AS PART OF ITS PERMANENT ART COLLECTION AND THE HISTORIC INTERIORS OF THE GILDED AGE MANSION THAT HOUSES THEM. THE PERMANENT ART COLLECTION IS MADE ACCESSIBLE TO THE PUBLIC THROUGH EXHIBITIONS, RESEARCH, AND PUBLICATIONS, AS WELL AS AN ARRAY OF EDUCATION PROGRAMS THAT SEEK TO DEEPEN THE PUBLIC'S KNOWLEDGE AND APPRECIATION FOR WORKS OF ART IN THE PERMANENT COLLECTION AND ART GENERALLY. MUSEUM ATTENDANCE DURING THE 2019 TAX YEAR WAS APPROXIMATELY 170,000 VISITORS. THE MUSEUM CLOSED TO THE PUBLIC ON THURSDAY, MARCH 12, 2020 IN SUPPORT OF NEW YORK CITYS EFFORT TO CONTAIN COVID-19. SEE SCHEDULE O FOR A DESCRIPTION OF THE SPECIAL EXHIBITIONS AND OTHER PUBLIC EDUCATION PROGRAMS OFFERED DURING THE YEAR.


LIBRARY PROGRAM: IN ADDITION TO SERVING THE CURATORIAL AND OTHER RESEARCH STAFF OF THE COLLECTION, THE FRICK ART REFERENCE LIBRARY SERVES MEMBERS OF GENERAL PUBLIC WITH AN INTEREST IN ART, INCLUDING STUDENTS, SCHOLARS, ART PROFESSIONALS, AND COLLECTORS. THE LIBRARY'S BOOK AND PHOTOGRAPH RESEARCH COLLECTIONS RELATE CHIEFLY TO PAINTINGS, DRAWINGS, SCULPTURE, PRINTS, AND ILLUMINATED MANUSCRIPTS FROM THE FOURTH TO THE MID-TWENTIETH CENTURIES BY EUROPEAN AND AMERICAN ARTISTS. ARCHIVAL MATERIALS AND SPECIAL COLLECTIONS AUGMENT THE RESEARCH COLLECTIONS WITH DOCUMENTS PERTAINING TO THE HISTORY OF COLLECTING ART AND OF HENRY CLAY FRICK'S COLLECTING IN PARTICULAR. DURING THE 2019 TAX YEAR, THE LIBRARY SERVED 4,395 VISITORS, RESPONDED TO 957 EMAIL INQUIRIES AND ANSWERED 3,424 ON-SITE RESEARCH QUESTIONS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Beyer Blinder Belle
Architect
$4,079,892
Kramer Levin Naftalis & Frankel
Legal
$890,592
Selldorf Architects
Architect
$1,374,198
Sciame Construction Llc
Construction Management
$772,088
Cambridge Associates Llc
Endowment Consulting
$710,641
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,684,383
Fundraising events$1,456,492
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$52,201,147
Noncash contributions included in lines 1a–1f $2,272,177
Total Revenue from Contributions, Gifts, Grants & Similar$55,342,022
Total Program Service Revenue$2,746,206
Investment income $2,500,896
Tax Exempt Bond Proceeds $0
Royalties $1,067
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,535,410
Net Income from Fundraising Events -$197,362
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $424,086
Miscellaneous Revenue$0
Total Revenue $72,415,948

Grants Recieved

Over the last fiscal year, we have identified 36 grants that Frick Collection has recieved totaling $488,622.

Awarding OrganizationAmount
Woodland Foundation Inc

New York, NY

PURPOSE: ANNUAL EXPENSES

$125,000
A Woodner Fund Inc

New York, NY

PURPOSE: ART MUSEUM

$53,000
Kleinschmidt Family Foundation

Vero Beach, FL

PURPOSE: UNRESTRICTED

$48,915
Kleinschmidt Family Foundation

Vero Beach, FL

PURPOSE: UNRESTRICTED

$48,915
Alexis Gregory Foundation

New York, NY

PURPOSE: ART PRESERVATION

$30,000
Alexis Gregory Foundation

New York, NY

PURPOSE: ART PRESERVATION

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$330,113,789
Earnings$2,904,649
Admin Expense$1,515,260
Net Contributions$794,420
Other Expense$18,660,304
Ending Balance$313,637,294

Peer Organizations

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