Neue Galerie New York
- Assets
- $114.5m
- Revenue
- $18.2k
- Investments
- $25.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 12/2020
- 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 12/2020, Neue Galerie New York generated $18.2k in total revenue. All expenses for the organization totaled $12.9m during the year ending 12/2020.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEUE GALERIE NEW YORK (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 |
|---|---|---|---|
Renee Price Dir/ & Ex-Offo | 40 | $772,611 | |
Scott Gutterman Deputy Director | 40 | $421,875 | |
Mark Demairo Facilities Dir | 40 | $395,672 | |
Janis Staggs Curatorial | 40 | $255,009 | |
Phyllis La Riccia Development | 40 | $251,018 | |
Peter Katz Finance Director | 40 | $246,793 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alteri Sebor Wieber Llc | 12/30/21 | $286,811 |
Direct Clean Service Solutions | 12/30/21 | $258,604 |
Aam Protetive Services | 12/30/21 | $431,496 |
Allied Universal Security Services | 12/30/21 | $584,206 |
Rent Managing Guy Llc | 12/30/21 | $156,611 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,433,606 |
| Interest on Savings | $0 |
| Dividends & Interest | $454,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,067,300 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $139,970 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $385,284 |
| Other Income | $811,758 |
| Total Revenue | $18,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $703,623 |
| Other employee salaries and wages | $4,375,621 |
| Pension plans, employee benefits | $841,667 |
| Interest | $0 |
| Taxes | $56,605 |
| Depreciation | $2,503,480 |
| Occupancy | $181,043 |
| Travel, conferences, and meetings | $80,537 |
| Printing and publications | $0 |
| Other expenses | $3,902,719 |
| Total operating and administrative expenses | $12,900,725 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $12,900,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,832 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $83,560 |
| 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 | $1,396,056 |
| Prepaid expenses and deferred charges | $39,624 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,514,612 |
| Net Land, buildings, and equipment | $87,454,377 |
| Other assets | $4,859 |
| Total assets | $114,494,920 |
| Accounts payable and accrued expenses | $939,194 |
| 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 | $754,478 |
| Total liabilities | $1,693,672 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Neue Galerie New York has recieved totaling $81,590.
| Awarding Organization | Amount |
|---|---|
Alice M And Thomas J Tisch Foundation Inc New York, NY PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $25,000 |
The@anne Hendricks Bass Foundation Fort Worth, TX PURPOSE: SUPPORT FOR EXHIBITIONS AND EDUCATIONAL PROGRAMS | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $13,900 |
The Annenberg Foundation Conshohocken, PA PURPOSE: MISSION AND PROGRAMS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,400 |
Charina Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Barnes Foundation Philadelphia, PA | $223,515,679 | $21,249,120 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |