Hispanic Society Of America is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Hispanic Society Of America employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Society Of America 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 09/2023, Hispanic Society Of America generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.8m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY PROVIDES A FREE PUBLIC MUSEUM AND A REFERENCE LIBRARY OF THE HISPANIC CULTURES.
Describe the Organization's Program Activity:
I. EXHIBITIONSTHE YEAR 2023 MARKED THE LONG-AWAITED REOPENING OF THE MAIN BUILDING (MUSEUM AND LIBRARY), AND THE CENTENNIALS OF TWO MAJOR FIGURES OF HISPANIC ART, JOAQUN SOROLLA (1863-1923) AND JESS RAFAEL SOTO (1923-2005) HONORED THROUGH DIALOGUE-EXHIBITIONS AND PROGRAMS 'SOTO/SOROLLA' (MAIN COURT), JESS RAFAEL SOTO'S PENETRABLE, A LONG-TERM LOAN FROM THE COLECCIN PATRICIA PHELPS DE CISNEROS (MAIN TERRACE), JEWELS IN A GEM: LUZ CAMINO AT THE HISPANIC SOCIETY (SOROLLA GALLERY), INAUGURATED BY H.M. QUEEN SOFA OF SPAIN. ADDITIONALLY, AS PART OF OUR EFFORT TO ENGAGE FURTHER WITH OTHER NEW YORK-BASED ORGANIZATIONS, WE WERE PROUD TO PRESENT A DOSSIER-SHOW ON JUAN DE PAREJA IN CONJUNCTION WITH THE EXHIBITION ORGANIZED AT THE METROPOLITAN MUSEUM AND WITH THE SUPPORT OF THE SCHOMBURG CENTER (NEW YORK PUBLIC LIBRARY), AND TO HOST MARTA CHILIDRON'S ORANGE CUBE 48 ON OUR BROADWAY TERRACE, A SHARED INITIATIVE WITH THE NORTHERN MANHATTAN ARTS ALLIANCE (NOMAA). II. PUBLIC PROGRAMSTHE RE-OPENED MUSEUM AND LIBRARY HAD A VERY ROBUST SCHEDULE OF PUBLIC PROGRAMS IN 2023 WHICH ALLOWED THE HISPANIC SOCIETY MUSEUM & LIBRARY TO EMBARK ON A PATH OF GREATER IMPACT AND VISIBILITY IN THE COMMUNITY AND AMONG POTENTIAL DONORS. THE EDUCATION DEPARTMENT AT THE HSM&L BEGAN THE FALL OF 2022 SUPPORTING THE FINAL WEEKS OF THE AMERICAN TRAVELERS EXHIBITION WITH WEEKLY HIGHLIGHT TOURS AND GUIDED GROUP VISITS, CLOSING BOTH THE EXHIBITION AND HISPANIC HERITAGE MONTH WITH A MULTIDISCIPLINARY ARTS ENGAGEMENT DAY FOR DA DE LOS MUERTOS. WE TURNED TO DEVELOPING A CALENDAR OF PROGRAMS FOR THE SPRING REOPENING THAT WOULD BUILD ON OUR SUCCESSFUL AUDUBON TERRACE PROGRAMS BUT SHIFTING FOCUS TO THE EDUCATION DEPARTMENT'S CORE SERVICE OF LIVE INTERPRETATION DURING GUIDED VISITS. THE EDUCATION DEPARTMENT WAS THE PLACEMENT SITE FOR TWO ROCKEFELLER BROTHERS FUND CURATORIAL FELLOWS.III. CONCERTSTHE PUBLIC RELATIONS AND SPECIAL EVENTS DEPARTMENT ORGANIZED AND PLANNED THE ANNUAL CONCERT SERIES AND PRE-CONCERT LECTURES, MULTI-DISCIPLINARY CONCERTS ORGANIZED IN COLLABORATION WITH LOCAL ENSEMBLES AND INTERNATIONAL ARTISTS. THIS YEAR'S CONCERT TITLED JOAQUN SOROLLA AND HIS VISIN DE ESPAA, CONSISTED OF THREE CONCERTS AND PERFORMANCES BY TEN ARTISTS. THE CONCERTS AND PRE-CONCERT LECTURES WERE PRE-RECORDED AT TWO DIFFERENT VENUES IN NEW YORK, THE HOUSE OF THE REDEEMER (FOR THE APRIL 27 AND MAY 4 CONCERTS); AND THE NATIONAL OPERA CENTER (FOR THE MAY 11 CONCERT), A FUTURE VIDEO TRANSMISSION WAS SCHEDULED ON JUNE 30TH. THE CONCERTS WERE SUPPORTED IN PART BY PUBLIC FUNDS FROM THE NEW YORK CITY DEPARTMENT OF CULTURAL AFFAIRS IN PARTNERSHIP WITH THE CITY COUNCIL WITH ADDITIONAL FUNDING FROM THE NEW YORK STATE COUNCIL ON THE ARTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Philippe DE Montebello Chairman | OfficerTrustee | 1 | $0 |
Anna Laffont Vice Chair | OfficerTrustee | 1 | $0 |
William R Harman Treasurer | OfficerTrustee | 1 | $0 |
Miner H Warner Secretary | OfficerTrustee | 1 | $0 |
Marlene Alva Trustee | Trustee | 1 | $0 |
Mariette Arguimbau Scott Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wolf Construction Corporation Construction Services | 9/29/23 | $973,500 |
Beyer Blinder Belle Architects & Planner Architectural Services | 9/29/23 | $857,220 |
Paul Puciata Architectural Services | 9/29/23 | $152,366 |
Aj Squared Security Inc Security Guard Staffing Services | 9/29/23 | $224,999 |
Pal Environmental Safety Corp Environmental Services | 9/29/23 | $139,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $26,666 |
Related organizations | $0 |
Government grants | $258,986 |
All other contributions, gifts, grants, and similar amounts not included above | $4,525,598 |
Noncash contributions included in lines 1a–1f | $4,979 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,811,250 |
Total Program Service Revenue | $27,500 |
Investment income | $504,287 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $500 |
Net Gain/Loss on Asset Sales | $671,553 |
Net Income from Fundraising Events | -$39,688 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $12,844 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,027,858 |
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. | $648,069 |
Compensation of current officers, directors, key employees. | $211,573 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,900,232 |
Pension plan accruals and contributions | $34,517 |
Other employee benefits | $474,193 |
Payroll taxes | $194,076 |
Fees for services: Management | $26,798 |
Fees for services: Legal | $123,890 |
Fees for services: Accounting | $63,570 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $10,596 |
Fees for services: Investment Management | $119,014 |
Fees for services: Other | $125,131 |
Advertising and promotion | $17,584 |
Office expenses | $117,210 |
Information technology | $96,832 |
Royalties | $0 |
Occupancy | $191,474 |
Travel | $54,004 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,617 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $542,787 |
Insurance | $67,992 |
All other expenses | $160,780 |
Total functional expenses | $5,821,561 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $31,512 |
Savings and temporary cash investments | $2,870,156 |
Pledges and grants receivable | $608,530 |
Accounts receivable, net | $81,490 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $117,990 |
Net Land, buildings, and equipment | $23,208,377 |
Investments—publicly traded securities | $16,169,462 |
Investments—other securities | $46,505,162 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $89,592,679 |
Accounts payable and accrued expenses | $500,683 |
Grants payable | $0 |
Deferred revenue | $579,175 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $541,564 |
Total liabilities | $1,621,422 |
Net assets without donor restrictions | $44,083,614 |
Net assets with donor restrictions | $43,887,643 |
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 | $89,592,679 |