Drawing Center Inc
- Assets
- $11.1m
- Revenue
- $3.7m
- Investments
- $469.7k
- Employees
- 33
- Location
- New York, NY
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 13-2887872
Organization Overview
Drawing Center Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Drawing Center Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drawing Center 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 06/2022, Drawing Center Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES THE SIGNIFICANCE OF DRAWINGS THROUGH EXHIBITIONS, PUBLICATIONS, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR COMPLETE PROGRAM SERVICE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hoptman Executive Director | Officer | 40 | $198,232 |
Rebecca Brickman Director Of Development | 40 | $104,189 | |
Claire Gilman Chief Curator | 40 | $100,992 | |
Stacey Goergen Treasurer | OfficerTrustee | 1 | $0 |
Amy Gold Co-Chair | OfficerTrustee | 1 | $0 |
Dita Amory Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,185,056 |
| Related organizations | $0 |
| Government grants | $335,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,724,492 |
| Noncash contributions included in lines 1a–1f | $37,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,244,617 |
| Total Program Service Revenue | $320,941 |
| Investment income | $27,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,697,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,000 |
| Compensation of current officers, directors, key employees. | $31,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,020 |
| Payroll taxes | $98,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,394 |
| Fees for services: Accounting | $122,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,452 |
| Fees for services: Other | $287,317 |
| Advertising and promotion | $5,704 |
| Office expenses | $39,401 |
| Information technology | $20,396 |
| Royalties | $0 |
| Occupancy | $91,162 |
| Travel | $41,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,986 |
| Insurance | $93,602 |
| All other expenses | $109,549 |
| Total functional expenses | $3,286,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,417 |
| Savings and temporary cash investments | $846,720 |
| Pledges and grants receivable | $221,566 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,038 |
| Prepaid expenses and deferred charges | $30,617 |
| Net Land, buildings, and equipment | $8,654,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $469,732 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,094,197 |
| Accounts payable and accrued expenses | $239,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,447,260 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,037 |
| Total liabilities | $1,728,886 |
| Net assets without donor restrictions | $8,804,055 |
| Net assets with donor restrictions | $561,256 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,094,197 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drawing Center Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
David B Kriser Foundation Inc New York, NY PURPOSE: GENERAL CONTRIBUTION | $2,500 |
Endowment Analysis
| Beg. Balance | $546,659 |
| Earnings | -$98,127 |
| Other Expense | $20,277 |
| Ending Balance | $428,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |