Drawing Center Inc
- Assets
- $10.6m
- Revenue
- $3.1m
- Investments
- $986.1k
- Employees
- 42
- Location
- New York, NY
- Founding
- 05/1977
- Data as of
- 06/2023
- EIN
- 13-2887872
Organization Overview
Drawing Center Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Drawing Center Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drawing Center 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 06/2023, Drawing Center Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 5.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES THE SIGNIFICANCE OF DRAWINGS THROUGH EXHIBITIONS, PUBLICATIONS, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR COMPLETE PROGRAM SERVICE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hoptman Executive Director | Officer | 40 | $214,232 |
Rebecca Brickman Director Of Development | 40 | $111,243 | |
Claire Gilman Chief Curator | 40 | $103,917 | |
Andrea Crane Co-Chair | OfficerTrustee | 1 | $0 |
Amy Gold Co-Chair | OfficerTrustee | 1 | $0 |
Dita Amory Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,120 |
| Fundraising events | $1,159,569 |
| Related organizations | $0 |
| Government grants | $119,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,578,687 |
| Noncash contributions included in lines 1a–1f | $149,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,947,876 |
| Total Program Service Revenue | $94,757 |
| Investment income | $15,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,079,087 |
| 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. | $216,000 |
| Compensation of current officers, directors, key employees. | $32,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,182,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,679 |
| Payroll taxes | $105,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,750 |
| Fees for services: Accounting | $137,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,417 |
| Fees for services: Other | $238,570 |
| Advertising and promotion | $1,358 |
| Office expenses | $44,168 |
| Information technology | $19,156 |
| Royalties | $0 |
| Occupancy | $142,733 |
| Travel | $41,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,266 |
| Insurance | $98,426 |
| All other expenses | $68,601 |
| Total functional expenses | $3,492,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,542 |
| Savings and temporary cash investments | $246,380 |
| Pledges and grants receivable | $409,286 |
| 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 | $119,217 |
| Prepaid expenses and deferred charges | $28,277 |
| Net Land, buildings, and equipment | $8,366,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $986,130 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,597,246 |
| Accounts payable and accrued expenses | $187,980 |
| 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 | $1,399,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,185 |
| Total liabilities | $1,632,754 |
| Net assets without donor restrictions | $8,230,603 |
| Net assets with donor restrictions | $733,889 |
| 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 | $10,597,246 |