Neue Galerie New York
- Assets
- $105.5m
- Revenue
- $14.7m
- Investments
- $18.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 13-4047433
Organization Overview
Neue Galerie New York is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neue Galerie New York 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, Neue Galerie New York generated $14.7m 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 (21.5%) each year. All expenses for the organization totaled $19.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE NEUE GALERIE NEW YORK'S (THE "MUSEUM") MISSION IS TO EXHIBIT, COLLECT, PRESERVE AND RESEARCH OBJECTS OF FINE AND DECORATIVE ART AND PHOTOGRAPHY, INCLUDING WORKS OF GERMAN AND AUSTRIAN ARTISTS. THE MUSEUM DEVELOPS AND OWNS A PERMANENT COLLECTION OF GERMAN AND AUSTRIAN ART AND BORROWS IMPORTANT PIECES FROM COLLECTORS AND OTHER MUSEUMS. THE MUSEUM ORGANIZES AT LEAST ONE MAJOR EXHIBITION EACH YEAR; IT ALSO DEVELOPS EDUCATIONAL PROGRAMS AND WORKS WITH OTHER EDUCATIONAL INSTITUTIONS IN NEW YORK, GIVING GUIDED TOURS OF THE MUSEUM FOR CLASSES AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald S Lauder President & Trustee | 5 | $0 | |
Renee Price Director | 40 | $806,666 | |
Dr Vivian Endicott Barnett Trustee | 1 | $0 | |
Dr Matti Bunzl Trustee | 1 | $0 | |
Max Hollein Trustee | 1 | $0 | |
Dr Jill Lloyd Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services | 12/30/22 | $746,501 |
Site Management Inc | 12/30/22 | $533,910 |
Art Installation Design Llc | 12/30/22 | $405,658 |
Aam Protective Services | 12/30/22 | $383,129 |
Direct Clean Service Solutions | 12/30/22 | $276,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,910,145 |
| Interest on Savings | $0 |
| Dividends & Interest | $372,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$392,789 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $854,753 |
| Other Income | $4,948,974 |
| Total Revenue | $14,693,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $806,666 |
| Other employee salaries and wages | $7,356,067 |
| Pension plans, employee benefits | $1,467,776 |
| Interest | $0 |
| Taxes | $27,448 |
| Depreciation | $2,233,503 |
| Occupancy | $352,364 |
| Travel, conferences, and meetings | $123,011 |
| Printing and publications | $31,690 |
| Other expenses | $6,102,389 |
| Total operating and administrative expenses | $19,070,195 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,070,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,554 |
| Savings and temporary cash investments | $520,481 |
| Net Accounts receivable | $380,864 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $1,284,533 |
| Prepaid expenses and deferred charges | $39,624 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $646,957 |
| Net Land, buildings, and equipment | $84,691,677 |
| Other assets | $2,448 |
| Total assets | $105,530,197 |
| Accounts payable and accrued expenses | $2,234,292 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,234,292 |