New Museum Of Contemporary Art

Organization Overview

New Museum Of Contemporary Art is located in New York, NY. The organization was established in 1979. 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 06/2023, New Museum Of Contemporary Art employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Museum Of Contemporary Art 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, New Museum Of Contemporary Art generated $22.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $19.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

A CENTER FOR EXHIBITIONS, INFORMATION, AND DOCUMENTATION ABOUT LIVING ARTISTS SINCE 1977, WHICH CONTINUES TO BE A PLACE OF EXPERIMENTATION AND A HUB OF NEW ART AND NEW IDEAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITIONS AND SPECIAL PROJECTS REFLECT THE NEW MUSEUM'S ENDURING COMMITMENT TO ENCOURAGING NEW WORK BY A DIVERSE RANGE OF EMERGING AND ESTABLISHED INTERNATIONAL ARTISTS. PROGRAMS CHANGE REGULARLY AND ENCAPSULATE THE NEW MUSEUM'S PHILOSOPHY OF OPENNESS AND FEARLESSNESS, AS WELL AS OUR HISTORY, AS THE HOME OF SOCIALLY COMMITTED CONTEMPORARY ART.


BOOKSTORE


THROUGH THE DEPARTMENT OF EDUCATION AND PUBLIC ENGAGEMENTS RESEARCH AND DEVELOPMENT SEASONS, THE NEW MUSEUM'S PUBLIC PROGRAMMING CONNECTS VARIOUS PROJECTS IN THE MUSEUM, THEATER, 5TH FLOOR GALLERY, AND RESOURCE CENTER AROUND A NEW ORGANIZING THEME EACH FALL AND SPRING. ADDITIONALLY, A WIDE RANGE OF EXHIBITION-RELATED PROGRAMS INCLUDE FILM SCREENINGS, TALKS WITH ARTISTS AND SCHOLARS, CONFERENCES, PERFORMANCES, AND LIVE MUSIC THAT TAKES PLACE IN THE NEW MUSEUM THEATER.


NEW INC, THE FIRST MUSEUM-LED INCUBATOR, IS A SHARED WORKSPACE AND PROFESSIONAL DEVELOPMENT PROGRAM DESIGNED TO SUPPORT CREATIVE PRACTITIONERS WORKING IN THE AREAS OF ART, TECHNOLOGY, AND DESIGN.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Phillips
Toby Devan Lewis Director
$737,150
Massimiliano Gioni
Artistic Director
$369,513
Regan Grusy
Chief Of Staff & VP Of Strateg
$289,407
Isolde Brielmaier
Deputy Director
$267,777
Scott Campbell
Dir. Of Campaign Advancement
$234,349
Dennis Szakacs
Chief Operating Officer
$213,536

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fj Sciame Construction Co
Construction
$9,066,966
Cooper Robertson Partners
Architecture
$919,423
Oma Amo Architecture Pc
Architecture
$295,894
Rsc Insurance Brokerage - Ny
Insurance
$411,697
Gt Gardiner Theobald
Project Management
$275,050
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$158,129
Fundraising events$1,812,200
Related organizations$0
Government grants $225,820
All other contributions, gifts, grants, and similar amounts not included above$14,566,913
Noncash contributions included in lines 1a–1f $1,416,911
Total Revenue from Contributions, Gifts, Grants & Similar$16,763,062
Total Program Service Revenue$2,807,258
Investment income $490,870
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $221,837
Net Gain/Loss on Asset Sales $964,392
Net Income from Fundraising Events -$228,700
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,135,426
Miscellaneous Revenue$0
Total Revenue $22,785,608

Peer Organizations

Organization NameAssets
Sterling & Francine Clark Art Inst
Williamstown, MA
$10,724,599
Buffalo Fine Arts Academy
Buffalo, NY
$19,629,613
Barnes Foundation
Philadelphia, PA
$34,787,671
Frick Collection
New York, NY
$67,471,378
Isabella Stewart Gardner Museum Inc
Boston, MA
$30,352,820
New Museum Of Contemporary Art
New York, NY
$22,785,608
Neue Galerie New York
New York, NY
$14,693,129
Wadsworth Atheneum Museum Of Art
Hartford, CT
$10,944,489
Doris Duke Foundation For Islamic Art
New York, NY
$17,225,453
Institute Of Contemporary Art
Boston, MA
$26,427,567
Museum Of Arts And Design
New York, NY
$12,286,366
International Center Of Photography
New York, NY
$11,859,344
Worcester Art Museum
Worcester, MA
$15,255,766
Ps1 Contemporary Art Center Inc
Long Island City, NY
$9,702,873
Isamu Noguchi Foundation And Garden Museum
Long Island City, NY
$11,920,545
Storm King Art Center
New Windsor, NY
$8,437,388
Frick Art & Historical Center Inc
Pittsburgh, PA
$10,931,044
Poster House Inc
New York, NY
$8,842,575
Queens Museum Of Art New York City Building
Queens, NY
$6,381,652
Fellowship For The Performing Arts Inc
New York, NY
$10,839,922
Parrish Art Museum Inc
Water Mill, NY
$4,524,490
Montclair Art Museum
Montclair, NJ
$4,433,875
New Britain Museum Of American Art Inc
New Britain, CT
$4,038,361
Norman Rockwell Museum At Stockbridge Inc
Stockbridge, MA
$6,364,472
National Comedy Center Inc
Jamestown, NY
$3,247,853

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