Isamu Noguchi Foundation And Garden Museum
- Assets
- $74.0m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 90
- Location
- Long Island City, NY
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 61-1472746
Organization Overview
Isamu Noguchi Foundation And Garden Museum is located in Long Island City, NY. The organization was established in 2004. 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 12/2023, Isamu Noguchi Foundation And Garden Museum employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isamu Noguchi Foundation And Garden Museum 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 12/2023, Isamu Noguchi Foundation And Garden Museum generated $11.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. 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
TO ADVANCE THE UNDERSTANDING AND APPRECIATION OF ISAMU NOGUCHI'S ART AND LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCHANDISINGTHE MUSEUM SELLS FUNCTIONAL EXAMPLES OF LIGHTING AND FURNITURE DESIGNED BY ISAMU NOGUCHI, AS WELL AS OTHER MERCHANDISE THAT IS DIRECTLY RELATED TO THE EXHIBITIONS AND INTERPRETIVE MATERIALS IN THE GALLERIES TO ALLOW MUSEUM VISITORS TO EXTEND THEIR AESTHETIC AND EDUCATIONAL EXPERIENCE OVER TIME.
EDUCATION, CATALOGUE RAISONNE AND PUBLIC PROGRAMS.
EXHIBITIONSIN ADDITION TO THE PERMANENT COLLECTION INSTALLED GALLERIES AND GARDEN AT THE NOGUCHI MUSEUM, EACH YEAR CHANGING EXHIBITIONS ARE PRESENTED THAT OFFER NEW PERSPECTIVES ON NOGUCHI'S ARTISTIC PRODUCTION. IN 2023, CHANGING EXHIBITIONS INCLUDED: THE COLLECTIONS-BASED SHOW "NOGUCHI SUBSCAPES," PLUS "IN PRAISE OF CAVES: ORGANIC ARCHITECTURE PROJECTS FROM MEXICO BY CARLOS LAZO, MATHIAS GOERITZ, JUAN O'GORMAN, AND JAVIER SENOSIAN," "A GLORIOUS BEWILDERMENT: MARIE MENKEN'S 'VISUAL VARIATIONS ON NOGUCHI'," AS WELL AS A STAFF EXHIBITION.
COLLECTIONTHE NOGUCHI MUSEUM MANAGES THE WORLD'S LARGEST AND MOST EXTENSIVE COLLECTION OF NOGUCHI'S ART AND IS DEDICATED TO THE PRESERVATION OF THIS BODY OF WORK. THERE ARE APPROXIMATELY 500 OBJECTS IN THE MUSEUM'S PERMANENT COLLECTION WHICH INCLUDE STONE, SCULPTURES, CERAMICS, DANCE SETS, DRAWINGS, FURNITURE, SCULPTURAL MODELS, PORTRAIT HEADS, AND MODELS FOR PUBLIC WORKS. WHILE DESIGNING AND CURATING HIS MUSEUM, NOGUCHI SELECTED SEVERAL OF THESE WORKS TO BE ON PERMANENT DISPLAY IN THE MUSEUM'S GALLERIES. IN ADDITION TO SHOWCASING ITS PERMANENT COLLECTION, THE NOGUCHI MUSEUM ALSO SERVED THE INTERNATIONAL COMMUNITY BY LOANING WORKS TO OTHER INSTITUTIONS. IN 2023, A RETROSPECTIVE SPANNING SIX DECADES AND INCLUDING OVER 150 WORKS TOURED IN EUROPE, AS WELL AS AN EXHIBITION AT THE TAKENAKA CARPENTRY TOOLS MUSEUM, KOBE, JAPAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer Bailey Co-Chair | OfficerTrustee | 2 | $0 |
Susan Kessler Co-Chair | OfficerTrustee | 2 | $0 |
Christiane Fischer Vice Chair | OfficerTrustee | 2 | $0 |
Mary Ping Vice Chair | OfficerTrustee | 2 | $0 |
Anuj Puri Vice Chair | OfficerTrustee | 2 | $0 |
Malcolm C Nolen Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kramer Levin Naftalis & Frankel Llp Legal Fees | 12/30/23 | $187,365 |
Marvel Architect & Consultant Fees | 12/30/23 | $320,722 |
Universal Protective Service Lp Security Services | 12/30/23 | $157,444 |
Envoie Projects Llc Construction Project Management | 12/30/23 | $155,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $160,533 |
| Fundraising events | $225,114 |
| Related organizations | $0 |
| Government grants | $84,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,155,936 |
| Noncash contributions included in lines 1a–1f | $18,109 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,626,083 |
| Total Program Service Revenue | $611,577 |
| Investment income | $1,568,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $659,709 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,668,224 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,780,555 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,920,545 |
| 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. | $839,586 |
| Compensation of current officers, directors, key employees. | $272,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,335,688 |
| Pension plan accruals and contributions | $191,764 |
| Other employee benefits | $345,158 |
| Payroll taxes | $351,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,433 |
| Fees for services: Accounting | $48,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $166,845 |
| Fees for services: Other | $360,563 |
| Advertising and promotion | $24,654 |
| Office expenses | $1,033,511 |
| Information technology | $518,757 |
| Royalties | $0 |
| Occupancy | $214,507 |
| Travel | $97,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $165,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $825,143 |
| Insurance | $220,459 |
| All other expenses | $138,931 |
| Total functional expenses | $9,999,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892,255 |
| Savings and temporary cash investments | $2,879,185 |
| Pledges and grants receivable | $233,600 |
| Accounts receivable, net | $1,560,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,136,979 |
| Prepaid expenses and deferred charges | $1,502,402 |
| Net Land, buildings, and equipment | $16,904,836 |
| Investments—publicly traded securities | $46,764,630 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,163,913 |
| Total assets | $74,038,587 |
| Accounts payable and accrued expenses | $501,545 |
| Grants payable | $0 |
| Deferred revenue | $207,912 |
| Tax-exempt bond liabilities | $3,060,524 |
| 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 | $137,263 |
| Total liabilities | $3,907,244 |
| Net assets without donor restrictions | $65,149,339 |
| Net assets with donor restrictions | $4,982,004 |
| 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 | $74,038,587 |