Friends Of The Neuberger Museum Inc
- Assets
- $10.7m
- Revenue
- $830.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 05/1973
- Data as of
- 06/2023
- EIN
- 23-7179855
Organization Overview
Friends Of The Neuberger Museum Inc is located in Purchase, NY. The organization was established in 1973. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Neuberger Museum Inc 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 06/2023, Friends Of The Neuberger Museum Inc generated $830.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND DEVELOPMENT OF THE NEUBERGER MUSEUM OF ART AND FINE ARTS PROGRAMS AT PURCHASE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUISITION - IN KEEPING WITH ITS MISSION, THE FRIENDS OF THE NEUBERGER MUSEUM OF ART ACQUIRES OBJECTS FOR THE MUSEUMTHAT FURTHER THE WAYS IN WHICH THE MUSEUM INVESTS IN ARTISTS THROUGH ITS EXHIBITION PROGRAM. IN FY23, ROMARE BEARDEN'S RIVER MIST WAS THE SIGNATURE PAINTING IN THE MUSEUM'S EXHIBITION ENTITLED ROMARE BEARDEN ABSTRACTION.
EXHIBITION - IN A TYPICAL YEAR, SPECIAL EXHIBITIONS ARE THE CORNERSTONE OF ANY MUSEUM'S PROGRAMMING. THE NEUBERGER MUSEUM OF ART FOCUSES ON SPECIAL EXHIBITIONS OF INTERNATIONAL MODERN AND CONTEMPORARY ART, INCLUDING AN AREA SPECIALIZED IN LATIN AMERICAN ART, AND OF AFRICAN ART TO EXPAND UPON THE STRENGTHS INHERENT IN OUR PERMANENT COLLECTIONS. WE OFFER A CHANGING SCHEDULE TWICE PER YEAR FOR UP TO A TOTAL OF 8 SPECIAL EXHIBITIONS PER YEAR.
EDUCATION PROGRAMS IN A TYPICAL YEAR, THE NEUBERGER MUSEUM OF ART'S DYNAMIC EDUCATIONAL PROGRAMMING PROMOTES THE DEVELOPMENT OF STUDENTS' CRITICAL THINKING AND OBSERVATIONAL SKILLS, AND FOSTERS AND APPRECIATION OF ART FROM A YOUNG AGE. EACH YEAR, MORE THAN 2,000 STUDENTS EXPLORE THE MUSEUM'S TRADITIONAL AFRICAN ART COLLECTION AND A RANGE OF 20TH-CENTURY AND CONTEMPORARY ART THROUGH INQUIRY-BASED EXHIBITION TOURS. THAT COMPLY WITH CURRENT NEW YORK STATE LEARNING STANDARDS AND NATIONALLY-BASED BEST PRACTICES IN LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Zukowsky Chair | OfficerTrustee | 1.5 | $0 |
Bonnie Romano Vice Chair | OfficerTrustee | 1.5 | $0 |
James Dubin Treasurer | OfficerTrustee | 1.5 | $0 |
Susan Dubin Secretary | OfficerTrustee | 1.5 | $0 |
Ivan Bart Trustee | Trustee | 1 | $0 |
William Braverman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $616,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $616,272 |
| Total Program Service Revenue | $53,806 |
| Investment income | $152,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,808 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $451,854 |
| Advertising and promotion | $14,967 |
| Office expenses | $984 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $52,698 |
| All other expenses | $200,181 |
| Total functional expenses | $1,203,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,773,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $144,230 |
| Accounts receivable, net | $16,926 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,755,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,690,021 |
| Accounts payable and accrued expenses | $9,236 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $47,026 |
| Total liabilities | $57,762 |
| Net assets without donor restrictions | $620,750 |
| Net assets with donor restrictions | $10,011,509 |
| 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 | $10,690,021 |