Storm King Art Center
- Assets
- $80.6m
- Revenue
- $14.2m
- Investments
- $17.0m
- Employees
- 122
- Location
- New Windsor, NY
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 14-1457573
Organization Overview
Storm King Art Center is located in New Windsor, NY. The organization was established in 1961. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Storm King Art Center employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storm King Art Center 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, Storm King Art Center generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 4.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXHIBIT, ACQUIRE, BORROW, AND CONSERVE MODERN AND CONTEMPORARY ART IN ITS EXPANSIVE LANDSCAPE.
Describe the Organization's Program Activity:
MUSEUM EXHIBITIONS AND OPERATIONS: STORM KING DISPLAYS, INTERPRETS, AND SELECTIVELY COLLECTS SIGNIFICANT MODERN AND CONTEMPORARY ARTWORK. STORM KING'S DISPLAY INCLUDES WORKS FROM ITS COLLECTION, SITE-SPECIFIC COMMISSIONS, LONG-TERM LOANS, AND ANNUAL EXHIBITIONS.
EDUCATION: THROUGH ITS EDUCATION DEPARTMENT AND PUBLIC PROGRAMS, STORM KING INVITES VISITORS OF ALL AGES TO PARTICIPATE AND EXPERIENCE ART AND NATURE. DEEPER LEARNING AND RESEARCH IS MADE POSSIBLE THROUGH A WIDE RANGE OF PARTNERSHIPS, PUBLICATIONS, AND ARCHIVAL INITIATIVES.
COLLECTION CONSERVATION: STORM KING IS COMMITTED TO CONSERVING ITS COLLECTION FOR LONG-TERM DISPLAY OUTDOORS AND FOR EDUCATIONAL OPPORTUNITIES FOR OUR GROWING AUDIENCE. TO THIS END, STORM KING STRIVES TO MAINTAIN THE HIGHEST STANDARDS OF SITE SECURITY, ENVIRONMENTAL CONTROL, AND CONSERVATION PRACTICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Stern President | OfficerTrustee | 40 | $353,780 |
David Collens Executive Director | OfficerTrustee | 40 | $192,670 |
Amy Weisser Dep. Dir./strategic Plan | 40 | $174,227 | |
Anthony Davidowitz Assistant Secretary | Officer | 40 | $172,026 |
Rachel Lebby Coker Dep. Dir./ext. Affairs | 40 | $150,906 | |
Nora Lawrence Senior Curator | 40 | $116,326 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uap North American Ltd Art Fabrication | 12/30/21 | $460,296 |
Paratus Group Owner Representative | 12/30/21 | $242,605 |
Claire Weisz Architechts Llp Architect | 12/30/21 | $230,250 |
Heneghan Peng Architect | 12/30/21 | $139,750 |
Van Atten Contracting Llc Grounds Maintenance | 12/30/21 | $192,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $425,082 |
| Fundraising events | $1,052,114 |
| Related organizations | $0 |
| Government grants | $661,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,067,411 |
| Noncash contributions included in lines 1a–1f | $562,751 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,206,569 |
| Total Program Service Revenue | $3,265,073 |
| Investment income | $182,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,540,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,230,209 |
| 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. | $916,414 |
| Compensation of current officers, directors, key employees. | $79,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,300,037 |
| Pension plan accruals and contributions | $211,883 |
| Other employee benefits | $611,154 |
| Payroll taxes | $273,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,438 |
| Fees for services: Accounting | $55,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,018 |
| Fees for services: Other | $424,249 |
| Advertising and promotion | $114,297 |
| Office expenses | $305,150 |
| Information technology | $186,706 |
| Royalties | $0 |
| Occupancy | $60,026 |
| Travel | $13,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $602,003 |
| Insurance | $227,460 |
| All other expenses | $0 |
| Total functional expenses | $9,258,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,484,398 |
| Savings and temporary cash investments | $7,883,965 |
| Pledges and grants receivable | $9,539,578 |
| Accounts receivable, net | $73,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $310,509 |
| Prepaid expenses and deferred charges | $158,086 |
| Net Land, buildings, and equipment | $17,310,952 |
| Investments—publicly traded securities | $19,787,434 |
| Investments—other securities | $17,034,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,583,864 |
| Accounts payable and accrued expenses | $714,282 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $714,282 |
| Net assets without donor restrictions | $51,262,108 |
| Net assets with donor restrictions | $28,607,474 |
| 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 | $80,583,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Storm King Art Center has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Ronald S Kossar Foundation Inc Middletown, NY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
Endowment Analysis
| Beg. Balance | $2,899,424 |
| Earnings | $185,382 |
| Net Contributions | $46,672 |
| Other Expense | $40,180 |
| Ending Balance | $3,091,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |