Storm King Art Center
- Assets
- $80.6m
- Revenue
- $14.2m
- Investments
- $17.0m
- Employees
- 122
- Location
- New Windsor, NY
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 14-1457573
Organization Overview
Storm King Art Center is located in New Windsor, NY. The organization was established in 1961. 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, Storm King Art Center employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storm King Art Center 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, Storm King Art Center generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 4.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXHIBIT, ACQUIRE, BORROW, AND CONSERVE MODERN AND CONTEMPORARY ART IN ITS EXPANSIVE LANDSCAPE.
Describe the Organization's Program Activity:
MUSEUM EXHIBITIONS AND OPERATIONS: STORM KING DISPLAYS, INTERPRETS, AND SELECTIVELY COLLECTS SIGNIFICANT MODERN AND CONTEMPORARY ARTWORK. STORM KING'S DISPLAY INCLUDES WORKS FROM ITS COLLECTION, SITE-SPECIFIC COMMISSIONS, LONG-TERM LOANS, AND ANNUAL EXHIBITIONS.
EDUCATION: THROUGH ITS EDUCATION DEPARTMENT AND PUBLIC PROGRAMS, STORM KING INVITES VISITORS OF ALL AGES TO PARTICIPATE AND EXPERIENCE ART AND NATURE. DEEPER LEARNING AND RESEARCH IS MADE POSSIBLE THROUGH A WIDE RANGE OF PARTNERSHIPS, PUBLICATIONS, AND ARCHIVAL INITIATIVES.
COLLECTION CONSERVATION: STORM KING IS COMMITTED TO CONSERVING ITS COLLECTION FOR LONG-TERM DISPLAY OUTDOORS AND FOR EDUCATIONAL OPPORTUNITIES FOR OUR GROWING AUDIENCE. TO THIS END, STORM KING STRIVES TO MAINTAIN THE HIGHEST STANDARDS OF SITE SECURITY, ENVIRONMENTAL CONTROL, AND CONSERVATION PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Stern President | OfficerTrustee | 40 | $353,780 |
David Collens Executive Director | OfficerTrustee | 40 | $192,670 |
Amy Weisser Dep. Dir./strategic Plan | 40 | $174,227 | |
Anthony Davidowitz Assistant Secretary | Officer | 40 | $172,026 |
Rachel Lebby Coker Dep. Dir./ext. Affairs | 40 | $150,906 | |
Nora Lawrence Senior Curator | 40 | $116,326 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paratus Group Owner Representative | 12/30/21 | $242,605 |
Claire Weisz Architechts Llp Architect | 12/30/21 | $230,250 |
Uap North American Ltd Art Fabrication | 12/30/21 | $460,296 |
Van Atten Contracting Llc Grounds Maintenance | 12/30/21 | $192,925 |
Heneghan Peng Architect | 12/30/21 | $139,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $425,082 |
| Fundraising events | $1,052,114 |
| Related organizations | $0 |
| Government grants | $661,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,067,411 |
| Noncash contributions included in lines 1a–1f | $562,751 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,206,569 |
| Total Program Service Revenue | $3,265,073 |
| Investment income | $182,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,540,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,230,209 |
| 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. | $916,414 |
| Compensation of current officers, directors, key employees. | $79,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,300,037 |
| Pension plan accruals and contributions | $211,883 |
| Other employee benefits | $611,154 |
| Payroll taxes | $273,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,438 |
| Fees for services: Accounting | $55,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,018 |
| Fees for services: Other | $424,249 |
| Advertising and promotion | $114,297 |
| Office expenses | $305,150 |
| Information technology | $186,706 |
| Royalties | $0 |
| Occupancy | $60,026 |
| Travel | $13,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $602,003 |
| Insurance | $227,460 |
| All other expenses | $0 |
| Total functional expenses | $9,258,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,484,398 |
| Savings and temporary cash investments | $7,883,965 |
| Pledges and grants receivable | $9,539,578 |
| Accounts receivable, net | $73,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $310,509 |
| Prepaid expenses and deferred charges | $158,086 |
| Net Land, buildings, and equipment | $17,310,952 |
| Investments—publicly traded securities | $19,787,434 |
| Investments—other securities | $17,034,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,583,864 |
| Accounts payable and accrued expenses | $714,282 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $714,282 |
| Net assets without donor restrictions | $51,262,108 |
| Net assets with donor restrictions | $28,607,474 |
| 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 | $80,583,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Storm King Art Center has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Ronald S Kossar Foundation Inc Middletown, NY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
Endowment Analysis
| Beg. Balance | $2,899,424 |
| Earnings | $185,382 |
| Net Contributions | $46,672 |
| Other Expense | $40,180 |
| Ending Balance | $3,091,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |