National Arts Club
- Assets
- $11.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 77
- Location
- New York, NY
- Founding
- 08/1939
- Data as of
- 06/2020
- EIN
- 13-5265900
Organization Overview
National Arts Club is located in New York, NY. The organization was established in 1939. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, National Arts Club employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Arts Club 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 06/2020, National Arts Club generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.2m during the year ending 06/2020. While expenses have increased by 3.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE, FOSTER & PROMOTE INTEREST IN THE ARTS & EDUCATE THE AMERICAN PEOPLE IN THE FINE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Hartley Executive Director | Officer | 40 | $243,106 |
John Eramo General Manager | 40 | $196,227 | |
Nicholas Giangrande Controller | 40 | $136,994 | |
Michael A DE Prima Executive Chef | 40 | $118,924 | |
Alice Palmisano President | OfficerTrustee | 10 | $0 |
David Doty 1st VP | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berkley General Contractor Llc Residential Constr. Services | 6/29/19 | $240,350 |
Mjs Construction Consulting Llc Constr. Consulting Services | 6/29/19 | $105,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,521,987 |
| Investment income | $65,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,586 |
| Net Gain/Loss on Asset Sales | -$11,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$852,470 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,064,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $29,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $265,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $804,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,355 |
| Payroll taxes | $133,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,493 |
| Fees for services: Accounting | $39,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,816 |
| Fees for services: Other | $101,473 |
| Advertising and promotion | $0 |
| Office expenses | $96,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,999 |
| Travel | $2,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,097 |
| Interest | $1,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,140 |
| Insurance | $13,644 |
| All other expenses | $0 |
| Total functional expenses | $2,227,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,881,015 |
| Savings and temporary cash investments | $2,055,591 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $727,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,842 |
| Prepaid expenses and deferred charges | $310,510 |
| Investments—publicly traded securities | $1,375,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,064 |
| Total assets | $10,952,445 |
| Accounts payable and accrued expenses | $393,789 |
| Grants payable | $0 |
| Deferred revenue | $580,339 |
| 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 | $492,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $319,956 |
| Total liabilities | $1,786,257 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,166,188 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that National Arts Club has recieved totaling $67,180.
| Awarding Organization | Amount |
|---|---|
Isambard Kingdom Brunel Society Of Of North America New York, NY PURPOSE: GENERAL FINANCIAL SUPPORT | $25,000 |
Frk Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $12,500 |
Advisors Charitable Gift Fund Inc Woburn, MA PURPOSE: General Support | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,501 |
Pechter Foundation Summit, NJ PURPOSE: GENERAL | $5,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $3,058,791 |
| Earnings | $4,320 |
| Net Contributions | $732,010 |
| Other Expense | $1,844,552 |
| Ending Balance | $1,950,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |