Overview
What is The Frick Collection?
The Frick Collection is a renowned nonprofit museum and library located at 1 East 70th Street in New York City, New York (ZIPCd 10021). This venerable institution houses over 1,100 works of art as part of its extensive permanent collection, while preserving the historic interiors of its Gilded Age mansion. The collection is accessible to the public through exhibitions, research, publications, and a variety of educational programs. Although the museum was closed to the public due to the Covid-19 crisis and underwent a move to a temporary location at 945 Madison Avenue, it continues to inspire and attract approximately 103,000 visitors annually. The Frick Collection's mission is to provide cultural enrichment and advance the study of fine arts and related fields. With a workforce of 285 employees, the organization achieves this mission by showcasing its internationally recognized collection and offering resources for public inspiration and education.
Official website here: www.frick.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Stars -Star rating
The Frick Collection has received an overall score of 88%, indicating a solid performance in accountability and finance, which is critical for donor confidence. The organization excels in maintaining an independent board and demonstrates strong financial oversight, ensuring that it operates transparently and responsibly.
Key strengths include a perfect score in areas such as independent board size, financial audits, and conflict of interest policies. These factors highlight the organization's commitment to ethical governance and effective financial management. The fundraising efficiency is also commendable, with a low cost of raising funds, indicating effective use of donor contributions.
However, while the financial health appears robust, the rating is solely based on accountability and finance, leaving out other potential areas of performance. This single-focus evaluation means stakeholders should consider additional factors like program effectiveness and community impact when assessing the overall success of The Frick Collection.
This AI summary has been generated from information found on Charity Navigator.
Is The Frick Collection legitimate?
The Frick Collection is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Frick Collection submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,692,415
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,069,297
For more financial information, click here
Official website here: www.frick.org
What is the mission statement of The Frick Collection?
The Frick Collection is dedicated to operating an internationally renowned art museum and library program. This initiative aims to provide public inspiration and enjoyment, while also advancing the study of fine arts and related subjects. The institution preserves over a thousand works of art as part of its permanent collection and safeguards the historic interiors that house them. Through exhibitions, research, publications, and various education programs, the Frick Collection makes its collection accessible to the public. Despite the Covid-19 health crisis, the organization remained committed to serving visitors, moving to a temporary location during a building renovation. In the 2021 tax year, over 103,000 visitors attended the museum.
Official website here: www.frick.org
Who is the CEO of The Frick Collection?
Ian Wardropper is the Director & Ceo of The Frick Collection. The CEO's salary of The Frick Collection is $837,461 and their total compensation is $883,242.
Official website here: www.frick.org
What is the revenue of The Frick Collection?
The Frick Collection's revenue in 2022 was $67,471,378.
Official website here: www.frick.org
Who are the executives of The Frick Collection and what are their salaries?
The average compensation at The Frick Collection during 2022 was $51,795. There are 285 employees and 18 volunteers at The Frick Collection.
Here are 36 key members and their salaries (The Frick Collection's CEO's salary is $837,461 and their total compensation is $883,242):
- Compensation: $837,461
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- Other: $45,781
- Compensation: $314,598
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- Other: $55,245
- Compensation: $298,922
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- Other: $35,228
- Compensation: $290,329
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- Other: $43,124
- Compensation: $289,620
- Related: $0
- Other: $42,484
- Compensation: $275,600
- Related: $0
- Other: $54,117
- Compensation: $191,614
- Related: $0
- Other: $44,999
- Compensation: $201,612
- Related: $0
- Other: $32,997
- Compensation: $184,273
- Related: $0
- Other: $41,158
- Compensation: $183,093
- Related: $0
- Other: $41,172
- Compensation: $169,181
- Related: $0
- Other: $23,698
- Compensation: $157,521
- Related: $0
- Other: $19,591
- Compensation: $156,400
- Related: $0
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Official website here: www.frick.org
Where can I find the form 990 for The Frick Collection?
The Frick Collection's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frick.org
Learn more at the official website: www.frick.org
Mission Statement of The Frick Collection
The Frick Collection is a renowned art museum and library institution dedicated to inspiring and entertaining the public while advancing the study of fine arts and related subjects. Housed in a historic Gilded Age mansion, the Collection preserves and maintains over 1,100 works of art as part of its permanent collection. By making the collection accessible to the public through exhibitions, research, and publications, as well as offering various education programs, The Frick Collection contributes significantly to the cultural landscape.
Despite the challenges posed by the Covid-19 health crisis, the Collection continued to serve its mission. Although the museum was closed to the public from March 2020 to March 2021 and temporarily relocated to 945 Madison Avenue, it remained committed to its mission. During the 2021 tax year, The Frick Collection welcomed approximately 103,000 visitors, demonstrating its enduring appeal and relevance to the public. By continuing to engage with the community and offer its collections and programs, The Frick Collection solidified its reputation as an internationally recognized art museum and library program.
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Impact
October, 2024
The Frick Collection plays a significant role in the cultural landscape of New York City and the broader art world. With a permanent collection of over 1,100 masterpieces, it preserves and showcases exquisite works of art ranging from the Renaissance to the late 19th century. Its commitment to maintaining the historic interiors of its Gilded Age mansion adds an immersive dimension to the viewing experience, allowing visitors to appreciate art in a context that enhances its historic significance.
Through a dynamic array of exhibitions, research opportunities, and publications, The Frick Collection fosters a deeper understanding of fine arts and encourages scholarly study. Its educational programs appeal to diverse audiences, ensuring that art appreciation is accessible to all, from casual visitors to dedicated students and researchers.
The recent transition to Frick Madison, during renovations at its original location, reflects the institution's resilience and adaptability in the face of challenges, such as the Covid-19 pandemic. Despite these hurdles, it continues to attract a significant number of visitors, with approximately 103,000 attending in the 2021 tax year. This highlights The Frick Collection’s enduring appeal and capacity to inspire a love for art in the community. Through its efforts, The Frick Collection not only enhances public enjoyment of art but also contributes to the advancement of art scholarship, solidifying its impact on cultural education and appreciation.
This information is meant to be a general summary of The Frick Collection. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,608,850
- Program Service Revenue: $1,821,200
- Gross Receipts: $127,722,447
Assets and Liabilities:
- Total Assets: $539,477,374
- Total Liabilities: $24,734,620
- Net Assets: $514,742,754
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$1,206,490
Educational Programs
Revenue
$55,433
Membership Dues
Revenue
$559,277
Organization Details
Founding Year
1920
Phone
(212) 288-0700Principal Officer
Ian Wardropper
Main Address
1 East 70th Street, New York, NY, 10021
Website
www.frick.orgNTEE Category
Code: A51 - Arts
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