Cue Art Foundation
- Assets
- $1.7m
- Revenue
- $689.2k
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 54-2064462
Organization Overview
Cue Art Foundation is located in New York, NY. The organization was established in 2003. 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 12/2022, Cue Art Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cue Art Foundation 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 12/2022, Cue Art Foundation generated $689.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $720.4k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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
NON-PROFIT FORUM FOR CONTEMPORARY ART AND UNDER-RECOGNIZED ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS PROGRAM: CUE'S EXHIBITION PROGRAM PRESENTS NEW AND EXCEPTIONALLY STRONG WORK BY EMERGING AND UNDER-RECOGNIZED ARTISTS FROM ACROSS THE UNITED STATES, WHILE PROVIDING THESE ARTISTS WITH EXPOSURE AND RESOURCES TO HELP THEM FURTHER THEIR ARTISTIC CAREERS. CUE CURRENTLY EXHIBITS ARTISTS IN SOLO EXHIBITIONS, WHICH ARE MENTORED BY WELL-KNOWN ARTISTIC INDIVIDUALS. THESE EXHIBITIONS ARE SELECTED THROUGH AN OPEN CALL PROCESS AND THROUGH DIRECT NOMINATION. CUE ALSO PRESENTS GROUP EXHIBITIONS VIA AN OPEN CALL PROCESS. APPROXIMATELY 5,000 PEOPLE VISIT THE EXHIBITION PROGRAM ANNUALLY.
AON AND EVERCORE / CUE ARTIST EMPOWERMENT AWARD; PROFESSIONAL DEVELOPMENT WORKSHOPS.
CUE TEEN COLLECTIVE: THE CUE TEEN COLLECTIVE IS A FREE, YEAR-LONG AFTER SCHOOL PROGRAM FOR NYC HIGH SCHOOL STUDENTS WHO ARE INTERESTED IN EXPLORING CAREERS IN THE FINE ARTS. PARTICIPANTS MEET WEEKLY DURING THE SCHOOL YEAR TO INVESTIGATE THE CONTEMPORARY ART WORLD, DEVELOP PROFESSIONAL SKILLS, AND PRODUCE ARTWORK FOR A GROUP EXHIBITION IN CUE'S GALLERY SPACE. DURING TALKS AND WORKSHOPS WITH ARTISTS AND CURATORS, FIELD TRIPS TO GALLERY AND MUSEUM SHOWS, AND GROUP CRITIQUE SESSIONS, STUDENTS HAVE THE OPPORTUNITY TO ASK QUESTIONS OF WORKING ARTS PROFESSIONALS, LEARNING ABOUT VARIOUS APPROACHES TO CAREERS IN THE ARTS. STUDENTS ALSO ORGANIZE A GROUP EXHIBITION OF THEIR WORK, ACCOMPANIED BY A FULL-COLOR CATALOGUE.
CUE'S ART CRITIC MENTORSHIP PROGRAM (ACMP) PAIRS EMERGING WRITERS WITH ART CRITIC MENTORS TO PRODUCE ORIGINAL LONG-FORM CRITICAL ESSAYS ABOUT THE WORK OF ARTISTS EXHIBITING IN SOLO AND GROUP EXHIBITIONS. THE PROGRAM IS OPEN TO WRITERS OF ANY AGE IN THE EARLY STAGES OF THEIR CAREERS. ESSAYS COMMISSIONED THROUGH THE PROGRAM ARE PUBLISHED BY CUE IN FULL-COLOR PRINT EXHIBITION CATALOGUES, WHICH ARE DISTRIBUTED AT THE GALLERY AND ARE ALSO MADE AVAILABLE AND PROMOTED ONLINE ON CUE'S WEBSITE AND SOCIAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Adams-Louis Director | Trustee | 2 | $17,244 |
Marcy Cohen Director | Trustee | 2 | $0 |
Blake Horn Director | Trustee | 2 | $0 |
Steffani Jemison Director | Trustee | 2 | $0 |
Vivian Kuan Director | Trustee | 2 | $0 |
Aliza Nisenbaum Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $654,570 |
| Total Program Service Revenue | $5,003 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $689,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,466 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,712 |
| Compensation of current officers, directors, key employees. | $16,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,635 |
| Payroll taxes | $24,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,382 |
| Advertising and promotion | $1,822 |
| Office expenses | $16,242 |
| Information technology | $775 |
| Royalties | $0 |
| Occupancy | $45,908 |
| Travel | $1,482 |
| 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 | $56,190 |
| Insurance | $5,368 |
| All other expenses | $5,865 |
| Total functional expenses | $720,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $133,510 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,458 |
| Net Land, buildings, and equipment | $1,103,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,717,424 |
| Accounts payable and accrued expenses | $55,798 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $205,798 |
| Net assets without donor restrictions | $1,422,126 |
| Net assets with donor restrictions | $89,500 |
| 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 | $1,717,424 |