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 06/2021, Frick Collection employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frick Collection 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 06/2021, Frick Collection generated $38.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $23.4m during the year ending 06/2021. 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 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. THE MUSEUM WAS CLOSED TO THE PUBLIC FROM MARCH 2020 UNTIL MARCH 2021 DUE TO THE COVID-19 HEALTH CRISIS AND THE MOVE TO A TEMPORARY LOCATION AS FRICK MADISON. THE MUSEUM WILL REMAIN AT THIS LOCATION, 945 MADISON AVENUE, DURING THE RENOVATION AND ENHANCEMENT OF THE BUILDING AT 1 EAST 70TH STREET. ATTENDANCE DURING THE 2020 TAX YEAR WAS APPROXIMATELY 55,000 VISITORS. SEE SCHEDULE O FOR A DESCRIPTION OF THE PUBLIC EDUCATION PROGRAMS OFFERED DURING THE YEAR.


LIBRARY PROGRAM: THE MISSION OF THE FRICK ART REFERENCE LIBRARY IS TO PROVIDE PUBLIC ACCESS TO MATERIALS AND PROGRAMS FOCUSED ON THE STUDY OF FINE AND DECORATIVE ARTS CREATED IN THE WESTERN TRADITION FROM THE FOURTH TO THE MID-TWENTIETH CENTURY. IT SERVES AN INTERNATIONAL RESEARCH COMMUNITY AND SUPPORTS INSTITUTIONAL INITIATIVES. THE LIBRARY PROVIDED REMOTE SERVICES FOR ALL OF THE 2020 TAX YEAR BY ANSWERING 1,210 RESEARCH QUESTIONS BY EMAIL, AND FILLING 780 INTERLIBRARY LOAN AND 1,418 DOCUMENT DELIVERY REQUESTS. DURING THE 2020 TAX YEAR, THE READING ROOM WELCOMED VISITORS AGAIN IN ITS TEMPORARY FRICK MADISON LOCATION AT THE END OF MARCH 2021. 634 PEOPLE VISITED BETWEEN ITS OPENING AND THE END OF THE TAX YEAR WITH LIMITED CAPACITY IN THE READING ROOM DUE TO COVID-19 AND THE SIZE OF THE TEMPORARY LOCATION. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sciame Construction Llc
Construction Management
$17,682,468
Beyer Blinder Belle
Architect
$1,851,215
Shawmut Design And Construction
Construction Management
$1,044,206
Crozier Fine Arts
Art Moving And Storage
$752,114
Selldorf Architects
Architect
$700,877
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,432,027
Fundraising events$567,613
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$13,235,958
Noncash contributions included in lines 1a–1f $13,152,482
Total Revenue from Contributions, Gifts, Grants & Similar$15,235,598
Total Program Service Revenue$1,152,268
Investment income $1,636,243
Tax Exempt Bond Proceeds $0
Royalties $6,585
Net Rental Income $0
Net Gain/Loss on Asset Sales $19,466,290
Net Income from Fundraising Events -$39,210
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $529,135
Miscellaneous Revenue$0
Total Revenue $37,986,909

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Frick Collection has recieved totaling $185,780.

Awarding OrganizationAmount
Woodland Foundation Inc

New York, NY

PURPOSE: ANNUAL EXPENSES

$100,000
A Woodner Fund Inc

New York, NY

PURPOSE: ART MUSEUM

$52,000
David L Klein Jr Foundation

King Of Prussia, PA

PURPOSE: OPERATING SUPPORT

$12,000
Deeds Foundation

New York, NY

PURPOSE: CURATORIAL COMMITTEE, FELLOW DUES

$7,500
Epstein Philanthropies

New York, NY

PURPOSE: GENERAL PURPOSES

$5,000
Joyce Charitable Fund

Bedford, NY

PURPOSE: GENERAL OPERATIONS

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$313,637,291
Earnings$98,949,785
Admin Expense$1,112,840
Net Contributions$631,772
Other Expense$49,856,582
Ending Balance$362,249,426

Peer Organizations

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