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Arts, Culture, Humanities : Museums

New Museum of Contemporary Art

New Art and New Ideas

three stars

89.01

235 Bowery New York, NY 10002
tel: (212) 219-1222   Web Site
EIN: 13-2986881

Board Leadership
James Keith Brown
President

CEO
Lisa Phillips
Director

  Score
(out of 100)
Rating
Overall Score & Rating 89.01 three stars
  Financial 93.27 four stars
  Accountability & Transparency 86.00 three stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1977, the New Museum is a leading destination for new art and new ideas. It is Manhattan's only dedicated contemporary art museum and is respected internationally for the adventurousness and global scope of its curatorial program. The New Museum began as an idea in the mind of founding Director Marcia Tucker. As a curator at the Whitney Museum of American Art from 1967 through 1976, Tucker observed firsthand that new work by living artists was not easily assimilated into the conventional exhibition and collection structure of the traditional art museum.

Founded in 1977, the New Museum is a leading destination for new art and new ideas. It is Manhattan's only dedicated contemporary art museum and is respected internationally for the adventurousness and global scope of its curatorial program. The New Museum began as an idea in the mind of founding Director Marcia Tucker. As a curator at the Whitney Museum of American Art from 1967 through 1976, Tucker observed firsthand that new work by living artists was not easily assimilated into the conventional exhibition and collection structure of the traditional art museum.

Impact Information

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Financial

four stars

93.27

Accountability & Transparency

three stars

86.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.2%
  Administrative Expenses 6.1%
  Fundraising Expenses 11.5%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 5.17
  Program Expenses Growth 6.5%
  Liabilities to Assets 10.9%
All data for Financial Performance Metrics calculations was provided by New Museum of Contemporary Art on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by New Museum of Contemporary Art on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
New Museum of Contemporary Art (NY) 89.01 three stars
Dia Art Foundation (NY) 90.06 four stars
Museum of Contemporary Art, Chicago (IL) 88.63 three stars
The Museum of Modern Art (NY) 92.83 four stars
The Phillips Collection (DC) 87.82 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $11,026,063
   Federated Campaigns $0
   Membership Dues $212,634
   Fundraising Events $1,730,248
   Related Organizations $0
   Government Grants $229,329
Total Contributions $13,198,274
   Program Service Revenue $2,983,202
Total Primary Revenue $16,181,476
   Other Revenue $187,404
TOTAL REVENUE $16,368,880
   
EXPENSES  
   Program Expenses $13,804,416
   Administrative Expenses $1,024,892
   Fundraising Expenses $2,021,118
TOTAL FUNCTIONAL EXPENSES $16,850,426
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-481,546
   
Net Assets $87,908,984

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Exhibitions and Special Projects $9,308,881 67.4%
Public Programming $2,061,698 14.9%
New Inc. $1,655,901 12.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 89.01 three stars
2017-06 08/01/2018 89.38 three stars
2016-06 02/01/2018 83.25 three stars
2015-06 11/01/2016 81.17 three stars
2014-06 06/01/2016 80.06 three stars
 
CN 2.0
2014-06 04/01/2016 77.93 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-2986881
Name in IRS Master File NEW MUSEUM OF CONTEMPORARY ART
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
(90) Cultural performances
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1979
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$737,400 4.37% Lisa Phillips Director
Other Salaries of Note
$111,101 0.65% Julia Kaganskiy Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
New Museum of Contemporary Art (NY) 89.01 three stars
The Museum of Modern Art (NY) 92.83 four stars
The Institute of Contemporary Art (MA) 86.33 three stars
Museum of Contemporary Art San Diego (CA) 85.22 three stars
Mattress Factory (PA) 88.31 three stars

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Charity Contact Info

New Museum of Contemporary Art
235 Bowery
New York, NY 10002
tel: (212) 219-1222
EIN: 13-2986881

Visit Web Site

Board Leadership

James Keith Brown
President

CEO

Lisa Phillips
Director

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