International Center Of Photography
- Assets
- $72.2m
- Revenue
- $16.3m
- Investments
- $2.0m
- Employees
- 376
- Location
- New York, NY
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 23-7412428
Organization Overview
International Center Of Photography is located in New York, NY. The organization was established in 1974. 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, International Center Of Photography employed 376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Center Of Photography 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, International Center Of Photography generated $16.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL CENTER OF PHOTOGRAPHY IS A CENTER WHERE PHOTOGRAPHS ARE COLLECTED, PROTECTED, RESEARCHED, AND EXHIBITED; A PLACE WHERE STUDENTS OF ALL AGES AND ACCOMPLISHMENTS LEARN TO MAKE IMAGES AND ARE CHALLENGED BY TECHNICAL AND AESTHETIC LESSONS. ICP PROVIDES A FORUM FOR THE EXCHANGE OF IDEAS AND FOR THE USE OF PHOTOGRAPHY AS A MEDIUM FOR REVEALING THE HUMAN CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - ICP'S LECTURES, SEMINARS, AND WORKSHOPS COVER ALL ASPECTS OF PHOTOGRAPHY. THIS INCLUDES ADULT EDUCATION COURSES AND STUDENT COURSES IN FY 2021.IN ADDITION TO THESE CONTINUING EDUCATION COURSES, ICP OFFERED FULL-TIME PROGRAMS AND SINGLE-YEAR CERTIFICATE PROGRAMS. OTHER ACTIVITIES INCLUDE PUBLIC LECTURES AND EXHIBITIONS OF STUDENT, FACULTY, AND ALUMNI PHOTOGRAPHS. THE ICP LIBRARY SERVES STUDENTS, FACULTY STAFF, SCHOLARS, AND THE GENERAL PUBLIC.
EXHIBITIONS - ICP'S IN-HOUSE AND TRAVELING EXHIBITIONS REFLECT THE HISTORY OF PHOTOGRAPHIC STYLES AND APPLICATIONS. IN FY 2021, ICP PRESENTED SEVERAL TEMPORARY EXHIBITIONS, AND TRAVELING EXHIBITIONS AT VENUES AROUND THE WORLD.
ARCHIVES & COLLECTIONS - ICP MAINTAINS A PERMANENT COLLECTION OF APPROXIMATELY 154,000 PHOTOGRAPHIC PRINTS, 5,000 TIME BASED MEDIA AUDIO, VIDEO AND MOTION PICTURE FILMS, AND 202,000 NEGATIVES. GENERALLY, RESEARCHERS UTILIZE THE ICP PRINT STUDY ROOM FOR CONSULTED WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Humphrey Lubell Executive Director | Officer | 40 | $310,025 |
Kathleen Duff Chief Operating Officer | 40 | $157,609 | |
Kirra Ann Steel Chief Development Officer | Officer | 40 | $155,255 |
Gigi Loizzo Chief Experiance Officer | 40 | $143,379 | |
Paul Puciata Director Of Capital Projec | 40 | $125,993 | |
David Campany Managing Director Of Programs | 40 | $120,067 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evensonbest Llc Office Design Services | 6/29/21 | $238,727 |
Gensler Architecture Services | 6/29/21 | $196,211 |
A Eidelberg General Contractor Llc Construction Services | 6/29/21 | $147,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,302 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $679,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,369,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,123,258 |
| Total Program Service Revenue | $2,397,022 |
| Investment income | $95,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $628,650 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $505,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $174,007 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,287,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400,732 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $447,492 |
| Compensation of current officers, directors, key employees. | $285,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,041,738 |
| Pension plan accruals and contributions | $2,738 |
| Other employee benefits | $289,893 |
| Payroll taxes | $289,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,378 |
| Fees for services: Accounting | $380,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,870 |
| Fees for services: Other | $232,627 |
| Advertising and promotion | $178,192 |
| Office expenses | $743,123 |
| Information technology | $163,528 |
| Royalties | $0 |
| Occupancy | $985,114 |
| Travel | $48 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,289,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,061,131 |
| Insurance | $0 |
| All other expenses | $21,869 |
| Total functional expenses | $10,573,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,947 |
| Savings and temporary cash investments | $7,314,504 |
| Pledges and grants receivable | $3,651,336 |
| Accounts receivable, net | $955,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,546 |
| Prepaid expenses and deferred charges | $106,186 |
| Net Land, buildings, and equipment | $51,941,410 |
| Investments—publicly traded securities | $5,515,627 |
| Investments—other securities | $2,000,911 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $455,071 |
| Total assets | $72,245,409 |
| Accounts payable and accrued expenses | $2,389,491 |
| Grants payable | $0 |
| Deferred revenue | $61,960 |
| 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 | $13,717,670 |
| Unsecured mortgages and notes payable | $2,803,617 |
| Other liabilities | $0 |
| Total liabilities | $18,972,738 |
| Net assets without donor restrictions | $43,034,401 |
| Net assets with donor restrictions | $10,238,270 |
| 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 | $72,245,409 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that International Center Of Photography has recieved totaling $1,305,893.
| Awarding Organization | Amount |
|---|---|
Eggnog Latte Foundation Bellevue, WA PURPOSE: BEM GEST'S ATGET PILOT AND FY22 PUBLIC PROGRAMS | $300,500 |
William Randolph Hearst Foundation New York, NY PURPOSE: SUPPORT FOR ONGOING OPERATIONS | $250,000 |
Bern Schwartz Family Foundation Wilmington, DE PURPOSE: CAPITAL CAMPAIGN FOR ICP AT ESSEX CROSSING | $200,000 |
Joy Of Giving Something Inc Syracuse, NY PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $75,000 |
Krupp Family Foundation Boston, MA PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $50,000 |
Milton And Sally Avery Arts Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $5,784,759 |
| Net Contributions | $250,000 |
| Ending Balance | $6,034,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
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 |