Salmagundi Club
- Assets
- $6.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 60
- Location
- New York, NY
- Founding
- 05/1961
- Data as of
- 12/2021
- EIN
- 13-5365520
Organization Overview
Salmagundi Club is located in New York, NY. The organization was established in 1961. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Salmagundi Club employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salmagundi 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 12/2021, Salmagundi Club generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SALMAGUNDI CLUB OPERATES FOR EDUCATIONAL AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALMAGUNDI OFFERS A WIDE RANGE OF SERVICES AND PROGRAMS SUCH AS LECTURES, CONCERTS, DEMONSTRATIONS, TANGO DANCING LESSONS, PANEL DISCUSSIONS THAT ALLOW FOR THE PUBLIC AS WELL AS FOR OUR MEMBERS TO PARTICIPATE IN EDUCATIONAL EVENTS AND ART CRITICISM. AFTER MARCH OF 2020, THESE PRESENTATIONS MOVED ONLINE ONLY DUE TO COVID. THERE IS A FULL SERVICE DINING ROOM AND BAR WHICH WAS OPEN TO PARTICIPATING INDIVIDUALS UNTIL MARCH OF 2020 WHEN IT WAS CLOSED FOR SAFETY REASONS.
EXHIBITIONS, 15 TOTAL DURING THE COVID PERIOD HELD ONLINE AND IN THE CLUB'S GALLERIES, INVOLVE COSTS ASSOCIATED WITH KEEPING THE GALLERIES OPEN MON-FRI, 1-6PM, SAT & SUN, 1-5PM. THIS INCLUDES PERSONNEL COSTS FOR RECEPTIONISTS, MAINTAINER, BOOKEEPER, HOUSEKEEPER,SECRETARY;AND NON-PERSONNEL COSTS FOR THE SECURITY SYSTEM, INSURANCE, HVAC, ADVERTISING, PRINTING, INCLUDING EQUIPMENT AND SUPPLIES. EXHIBITIONS WERE HELD IN THE MAIN GALLERY JANUARY THROUGH MARCH UNTIL INTERRUPTED BY COVID AND THEN RE-OPENED, SOCIALLY DISTANCED, IN JULY WITH THE COAST GUARD ART PROGRAM FOLLOWED BY OUR NON-MEMBERS EXHIBITIONS. EXHIBITIONS WERE HELD ONLINE DURING THE MARCH THROUGH JUNE PERIOD AND AFTER RE-OPENINGM HEKD CONCURENTLY WITH EXHIBITIONS HELD AT THE CLUB.
SALMAGUNDI OFFERS QUALITY ART EDUCATION TO STUDENTS OF ALL AGES IN A RELAXED ATMOSPHERE WITHOUT THE PRESSURES OF ACADEMIA, ALLOWING EXPERIENCED ARTIST TEACHERS TO WORK WITH STUDENTS OF ALL AGES IN A ONE-ON-ONE LEARNING ENVIRONMENT IN DIFFERENT MEDIA AND AT THEIR OWN PACE. THERE WERE FIVE WEEKLY CLASSES HELD AT SALMAGUNDI UNTIL MARCH (COVID) AT WHICH TIME, TWO OF THE CLASSES CONTINUED ONLINE.
SALMAGUNDI HOSTED 12 PRESENTATIONS FROM JANUARY THROUGH MARCH UNTIL INTERRUPTED BY COVID. LIMITED PRESENTATIONS CONTINUED ONLINE ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Dawes Chairman | OfficerTrustee | 10 | $0 |
Anthony Almeida Third Vice President | OfficerTrustee | 2 | $0 |
Jacob Collins President | OfficerTrustee | 8 | $0 |
Perry Van Der Meer Treasurer | OfficerTrustee | 2 | $0 |
Patricia Watwood First Vice President | OfficerTrustee | 2 | $0 |
Joanmarie Palmer Corresponding Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $515,999 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,039,699 |
| Total Program Service Revenue | $373,803 |
| Investment income | $41,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$43,635 |
| Net Gain/Loss on Asset Sales | $89,037 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $66,541 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,695,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $610,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,442 |
| Payroll taxes | $46,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,258 |
| Fees for services: Accounting | $68,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $89,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,774 |
| Insurance | $39,314 |
| All other expenses | $6,953 |
| Total functional expenses | $1,587,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,445 |
| Savings and temporary cash investments | $344,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,063 |
| Prepaid expenses and deferred charges | $12,639 |
| Net Land, buildings, and equipment | $2,681,795 |
| Investments—publicly traded securities | $2,415,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,121 |
| Total assets | $6,098,526 |
| Accounts payable and accrued expenses | $187,725 |
| Grants payable | $0 |
| Deferred revenue | $200,048 |
| 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 | $148,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $536,287 |
| Net assets without donor restrictions | $2,754,831 |
| Net assets with donor restrictions | $2,807,408 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,098,526 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Salmagundi Club has recieved totaling $77,261.
| Awarding Organization | Amount |
|---|---|
The Morris And Alma Schapiro Fund New York, NY PURPOSE: GENERAL PURPOSE | $31,000 |
Mrs Giles Whiting Foundation New York, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Kevork And Sirwart Hovnanian Family Foundation Matawan, NJ PURPOSE: TO PROMOTE THE WORK OF THE ORGANIZATION | $2,500 |
The Meeker Rom Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Helena Segy Foundation New York, NY PURPOSE: GENERAL | $1,500 |
Endowment Analysis
| Beg. Balance | $2,451,588 |
| Earnings | $481,519 |
| Net Contributions | $76,951 |
| Other Expense | $202,650 |
| Ending Balance | $2,807,408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Consensus Building Institute Inc Cambridge, MA | $9,333,296 | $7,559,086 |