National Academy Of Design
- Assets
- $76.7m
- Revenue
- $4.8m
- Investments
- $19.0m
- Employees
- 14
- Location
- New York, NY
- Founding
- 01/1935
- Data as of
- 06/2022
- EIN
- 13-1628183
Organization Overview
National Academy Of Design, operating under the name National Academy Museum And School, is located in New York, NY. The organization was established in 1935. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, National Academy Museum And School employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Academy Museum And School 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, National Academy Museum And School generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, National Academy Museum And School has awarded 12 individual grants totaling $312,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL ACADEMY PROMOTES THE FINE ARTS IN AMERICA THROUGH EXHIBITION AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PROGRAMS, COLLECTIONS, AND ART EXHIBITIONS:SINCE 1825, THE NATIONAL ACADEMY HAS ORGANIZED SCHOLARLY AND PUBLICLY ACCESSIBLE EXHIBITIONS OF AMERICAN ART AND ARCHITECTURE THAT FOCUS ON THE WORK OF INDIVIDUAL ARTISTS AND ARCHITECTS, AS WELL AS EXPLORE IMPORTANT THEMES, EVENTS,AND ISSUES OF THE DAY.THE NATIONAL ACADEMY'S PERMANENT COLLECTION OF NEARLY 8,000 WORKS IS UNLIKE ANY OTHER IN THE UNITED STATES. THE MISSION OF THE NATIONAL ACADEMY OF DESIGN IS TO PROMOTE AMERICAN ART AND ARCHITECTURE THROUGH EXHIBITION AND INSTRUCTION. THE ACADEMY ADVOCATES FOR THE ARTS AS A TOOL FOR EDUCATION, PARTICULARLY THROUGH ITS CORE ACTIVITIES OF ORGANIZING EXHIBITIONS, OFFERING A DIVERSE SLATE OF PUBLIC PROGRAMS, AND PROVIDING RESOURCES TO FOSTER ART HISTORICAL SCHOLARSHIP.THE ACADEMY'S PUBLICLY ACCESSIBLE PROGRAMMING HAS BEEN DEVELOPED TO ACCOMPANY AND PROVIDE CONTEXT FOR ONGOING ACTIVITIES AT THE ORGANIZATION. THESE PROGRAMS INCLUDE ARTIST/ARCHITECT PANELS AND DISCUSSIONS, A PODCAST, A RESIDENCY, GRANT PROGRAMS, LECTURES, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Wessner Executive Director | Officer | 40 | $171,320 |
Eliza Coviello Deputy Director | Officer | 40 | $112,215 |
Diana Thompson Director Of Collections | 40 | $102,948 | |
Doug Polley Chair | OfficerTrustee | 10 | $0 |
Leslie Wayne Vice Chair | OfficerTrustee | 10 | $0 |
Steve Blitz Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Your Part Time Controller Professional Accounting Services | 6/29/22 | $158,283 |
We Should Do It All Identity & Website Redesign | 6/29/22 | $118,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,347 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,659 |
| Noncash contributions included in lines 1a–1f | $66,958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,006 |
| Total Program Service Revenue | $90,000 |
| Investment income | $1,340,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,814,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,754,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,500 |
| Grants and other assistance to domestic individuals. | $157,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,951 |
| Compensation of current officers, directors, key employees. | $213,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $831,972 |
| Pension plan accruals and contributions | $12,439 |
| Other employee benefits | $62,228 |
| Payroll taxes | $99,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,555 |
| Fees for services: Accounting | $52,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $297,667 |
| Fees for services: Other | $488,160 |
| Advertising and promotion | $275 |
| Office expenses | $357,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $317,592 |
| 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 | $107,608 |
| Insurance | $86,351 |
| All other expenses | $0 |
| Total functional expenses | $3,567,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,831 |
| Savings and temporary cash investments | $1,166,442 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $118,676 |
| 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 | $37,536 |
| Net Land, buildings, and equipment | $306,466 |
| Investments—publicly traded securities | $55,805,942 |
| Investments—other securities | $19,007,878 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,000 |
| Total assets | $76,726,771 |
| Accounts payable and accrued expenses | $361,433 |
| 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 | $361,433 |
| Net assets without donor restrictions | $62,686,354 |
| Net assets with donor restrictions | $13,678,984 |
| 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 | $76,726,771 |
Grants Awarded
Over the last fiscal year, National Academy Of Design has awarded $92,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: ABBEY MURAL PRIZE | $37,500 |
Newark, NJ PURPOSE: ABBEY MURAL PRIZE | $25,000 |
Chicago, IL PURPOSE: ABBEY MURAL PRIZE | $20,000 |
Creston, IA PURPOSE: ABBEY MURAL PRIZE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Academy Of Design has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Peter T Joseph Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500 |
Endowment Analysis
| Beg. Balance | $90,877,718 |
| Earnings | -$14,148,141 |
| Net Contributions | $97,390 |
| Other Expense | $2,552,796 |
| Ending Balance | $74,274,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |