National Arts Club
- Assets
- $11.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 77
- Location
- New York, NY
- Founding
- 08/1939
- Data as of
- 06/2021
- 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 06/2022, 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 06/2021, National Arts Club generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. 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
2021
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 |
|---|---|---|---|
Alice Palmisano President | OfficerTrustee | 10 | $0 |
David Doty 1st VP | OfficerTrustee | 10 | $0 |
David Glanstein 2nd VP | OfficerTrustee | 10 | $0 |
Gordon Kendall Secretary | OfficerTrustee | 10 | $0 |
Sam Madden Former Secretary | OfficerTrustee | 10 | $0 |
Alyson Stone Treasurer | Trustee | 5 | $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 | $3,427,931 |
| Investment income | $44,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$99,200 |
| Net Gain/Loss on Asset Sales | $15,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$656,609 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,971,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $909,820 |
| Pension plan accruals and contributions | $8,848 |
| Other employee benefits | $87,103 |
| Payroll taxes | $84,824 |
| 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 | $14,736 |
| Fees for services: Other | $107,823 |
| Advertising and promotion | $0 |
| Office expenses | $77,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,716 |
| Travel | $5,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,181 |
| Interest | $11,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,717 |
| Insurance | $13,514 |
| All other expenses | $0 |
| Total functional expenses | $2,099,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135,102 |
| Savings and temporary cash investments | $1,331,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $879,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,295 |
| Prepaid expenses and deferred charges | $226,101 |
| Investments—publicly traded securities | $1,412,075 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,896 |
| Total assets | $11,897,266 |
| Accounts payable and accrued expenses | $650,109 |
| Grants payable | $0 |
| Deferred revenue | $548,048 |
| 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 | $396,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,896 |
| Total liabilities | $1,841,930 |
| 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 | $10,055,336 |