New Museum Of Contemporary Art

Organization Overview

New Museum Of Contemporary Art is located in New York, NY. The organization was established in 1979. 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 06/2022, New Museum Of Contemporary Art employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Museum Of Contemporary Art 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, New Museum Of Contemporary Art generated $41.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 1.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A CENTER FOR EXHIBITIONS, INFORMATION, AND DOCUMENTATION ABOUT LIVING ARTISTS SINCE 1977, WHICH CONTINUES TO BE A PLACE OF EXPERIMENTATION AND A HUB OF NEW ART AND NEW IDEAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITIONS AND SPECIAL PROJECTS REFLECT THE NEW MUSEUM'S ENDURING COMMITMENT TO ENCOURAGING NEW WORK BY A DIVERSE RANGE OF EMERGING AND ESTABLISHED INTERNATIONAL ARTISTS. PROGRAMS CHANGE REGULARLY AND ENCAPSULATE THE NEW MUSEUM'S PHILOSOPHY OF OPENNESS AND FEARLESSNESS, AS WELL AS OUR HISTORY, AS THE HOME OF SOCIALLY COMMITTED CONTEMPORARY ART.


THROUGH THE DEPARTMENT OF EDUCATION AND PUBLIC ENGAGEMENTS RESEARCH AND DEVELOPMENT SEASONS, THE NEW MUSEUM'S 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 TAKES PLACE IN THE NEW MUSEUM THEATER.


NEW INC, THE FIRST MUSEUM-LED INCUBATOR, IS A SHARED WORKSPACE AND PROFESSIONAL DEVELOPMENT PROGRAM DESIGNED TO SUPPORT CREATIVE PRACTITIONERS WORKING IN THE AREAS OF ART, TECHNOLOGY, AND DESIGN.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Carolina Nitsch Contmpry Art
Edition Sales
$196,532
W O'donnell Consulting Inc
It Consulting
$202,760
Oma Amo Architecture Pc
Architecture
$166,296
Cooper Robertson Partners
Architecture
$533,405
Gt Gardiner Theobald
Project Management
$181,413
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$140,169
Fundraising events$1,998,652
Related organizations$0
Government grants $325,300
All other contributions, gifts, grants, and similar amounts not included above$33,616,810
Noncash contributions included in lines 1a–1f $386,995
Total Revenue from Contributions, Gifts, Grants & Similar$36,080,931
Total Program Service Revenue$2,684,714
Investment income $162,232
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $102,861
Net Gain/Loss on Asset Sales $2,323,092
Net Income from Fundraising Events -$513,528
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,041,388
Miscellaneous Revenue$0
Total Revenue $41,908,538

Grants Recieved

Over the last fiscal year, we have identified 3 grants that New Museum Of Contemporary Art has recieved totaling $7,500.

Awarding OrganizationAmount
The Barr Fund

Chicago, IL

PURPOSE: GENERAL FUND

$2,500
Carol And Richard Feinstein Foundation

Springfield, NJ

PURPOSE: GENERAL

$2,500
Jeffrey And Debra Feinstein Foundation

Springfield, NJ

PURPOSE: GENERAL

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,418,222
Earnings-$375,211
Other Expense$107,779
Ending Balance$3,935,232

Peer Organizations

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