Friends Of The Neuberger Museum Inc
- Assets
- $10.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 05/1973
- Data as of
- 06/2022
- EIN
- 23-7179855
Organization Overview
Friends Of The Neuberger Museum Inc is located in Purchase, NY. The organization was established in 1973. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Neuberger Museum 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, Friends Of The Neuberger Museum Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 1.2% 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
SUPPORT AND DEVELOPMENT OF THE NEUBERGER MUSEUM OF ART AND FINE ARTS PROGRAMS AT PURCHASE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION - IN A TYPICAL YEAR, SPECIAL EXHIBITIONS ARE THE CORNERSTONE OF ANY MUSEUM'S PROGRAMMING. THE NEUBERGER MUSEUM OF ART FOCUSES ON SPECIAL EXHIBITIONS OF INTERNATIONAL MODERN AND CONTEMPORARY ART, INCLUDING AN AREA SPECIALIZED IN LATIN AMERICAN ART, AND OF AFRICAN ART TO EXPAND UPON THE STRENGTHS INHERENT IN OUR PERMANENT COLLECTIONS. WE OFFER A CHANGING SCHEDULE TWICE PER YEAR FOR UP TO A TOTAL OF 8 SPECIAL EXHIBITIONS PER YEAR.
EDUCATION PROGRAMS IN A TYPICAL YEAR, THE NEUBERGER MUSEUM OF ART'S DYNAMIC EDUCATIONAL PROGRAMMING PROMOTES THE DEVELOPMENT OF STUDENTS' CRITICAL THINKING AND OBSERVATIONAL SKILLS, AND FOSTERS AN APPRECIATION OF ART FROM A YOUNG AGE. EACH YEAR, MORE THAN 2,000 STUDENTS EXPLORE THE MUSEUM'S TRADITIONAL AFRICAN ART COLLECTION AND A RANGE OF 20TH-CENTURY AND CONTEMPORARY ART THROUGH INQUIRY-BASED EXHIBITION TOURS THAT COMPLY WITH CURRENT NEW YORK STATE LEARNING STANDARDS AND NATIONALLY-BASED BEST PRACTICES IN LEARNING.
MEMBERSHIP - OUR MEMBERSHIP BASE NUMBERS NEARLY 200 PEOPLE WHO MAKE AN ANNUAL CONTRIBUTION AND ACCRUE BENEFITS CONCURRENT WITH A MONETARY AMOUNT. WE SEEK TO EXPAND OUR MEMBERSHIP BASE THROUGH A RENEWAL AND PARTNERSHIP STRATEGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Romano Vice Chair | OfficerTrustee | 1.5 | $0 |
Susan Dubin Secretary | OfficerTrustee | 1.5 | $0 |
Paul Zukowsky Chair | OfficerTrustee | 1.5 | $0 |
James Dubin Treasurer | OfficerTrustee | 1 | $0 |
O Anthony Maddalena Trustee | Trustee | 1 | $0 |
Laura Doherty Resigned 122 Trustee - Ex-Officio | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,238 |
| Total Program Service Revenue | $53,141 |
| Investment income | $146,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $858,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,582,206 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $424,390 |
| Advertising and promotion | $1,562 |
| Office expenses | $3,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,808 |
| All other expenses | $133,524 |
| Total functional expenses | $1,440,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,397,066 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,750 |
| Accounts receivable, net | $21,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,298 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,578,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,466 |
| Total assets | $10,383,737 |
| Accounts payable and accrued expenses | $14,687 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $16,187 |
| Net assets without donor restrictions | $433,991 |
| Net assets with donor restrictions | $9,933,559 |
| 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 | $10,383,737 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Neuberger Museum Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Jim Neuberger And Helen Stambler Neuberger Foundation Inc Wilmington, DE PURPOSE: THE NEUBERGER PRIZE 2022 | $50,000 |
Adirondack Foundation Lake Placid, NY PURPOSE: FOR UNRESTRICTED SUPPORT AT THE REQUEST OF THE HEIDECORN FAMILY | $10,000 |
Endowment Analysis
| Beg. Balance | $7,938,636 |
| Earnings | -$927,073 |
| Other Expense | $96,090 |
| Ending Balance | $6,915,473 |
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 |