Overview
What is New Museum Of Contemporary Art?
The New Museum of Contemporary Art, located at 235 Bowery in New York City, New York, is a renowned nonprofit institution devoted to showcasing and promoting the works of contemporary artists from around the world. With a staff of 159 dedicated individuals, this museum is a trailblazer in the contemporary art scene, both locally in New York and globally. Its mission, which began in 1977, remains steadfast in encouraging new work from a diverse range of emerging and established artists. Regularly evolving exhibitions and special projects reflect the organization's philosophy of openness, fearlessness, and innovation. The New Museum is unique in the United States for its commitment to presenting contemporary art and new ideas, making it a significant and influential player in the international contemporary art world.
Official website here: www.newmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The New Museum of Contemporary Art has achieved an impressive Four-Star rating from Charity Navigator, signifying a high level of accountability and financial management. The rating is based entirely on their performance in the Accountability & Finance beacon, indicating that the organization excels in transparency and responsible stewardship of funds.
Key strengths of the museum include a fully independent board and robust financial oversight measures. The organization has demonstrated strong program expense ratios, with nearly 78% of expenditures directed towards its mission. Additionally, its fundraising efficiency is commendable, with only $0.09 spent to raise a dollar, which suggests effective fundraising strategies.
There are no noted weaknesses or limitations in the data, further enhancing the museum's reputation as a well-managed nonprofit. Overall, the New Museum of Contemporary Art exemplifies a commitment to accountability and effective use of resources, making it a trustworthy option for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is New Museum Of Contemporary Art legitimate?
New Museum Of Contemporary Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Museum Of Contemporary Art 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: $2,792,825
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,034,747
For more financial information, click here
Official website here: www.newmuseum.org
What is the mission statement of New Museum Of Contemporary Art?
The New Museum is a distinguished contemporary art museum, unique in its dedication to new art and new ideas. Based in New York, it is one of the leading contemporary art museums globally. Its mission focuses on showcasing contemporary art and providing artists with opportunities to create and exhibit their work in a museum setting, engaging the artistic community. The New Museum has been a hub of innovation since 1977, committed to global programs and pushing the boundaries of contemporary art. Its unparalleled cultural program fosters creativity and encourages the exchange of ideas within the artistic community.
Official website here: www.newmuseum.org
Who is the CEO of New Museum Of Contemporary Art?
Lisa Phillips is the Toby Devan Lewis Director of New Museum Of Contemporary Art.
Official website here: www.newmuseum.org
What is the revenue of New Museum Of Contemporary Art?
New Museum Of Contemporary Art's revenue in 2022 was $41,908,538.
Official website here: www.newmuseum.org
Who are the executives of New Museum Of Contemporary Art and what are their salaries?
The average compensation at New Museum Of Contemporary Art during 2022 was $49,230. There are 159 employees and 50 volunteers at New Museum Of Contemporary Art.
Here are 60 key members and their salaries:
- Compensation: $683,250
- Related: $0
- Other: $41,543
- Compensation: $352,329
- Related: $0
- Other: $10,038
- Compensation: $266,449
- Related: $0
- Other: $12,689
- Compensation: $199,632
- Related: $0
- Other: $31,914
- Compensation: $211,416
- Related: $0
- Other: $12,414
- Compensation: $201,379
- Related: $0
- Other: $8,929
- Compensation: $181,054
- Related: $0
- Other: $10,167
- Compensation: $148,180
- Related: $0
- Other: $26,375
- Compensation: $128,174
- Related: $0
- Other: $11,494
- Compensation: $139,356
- Related: $0
- Other: $0
- Compensation: $115,588
- Related: $0
- Other: $20,275
- Compensation: $119,791
- Related: $0
- Other: $12,639
- Compensation: $126,458
- Related: $0
- Other: $0
- Compensation: $94,800
- Related: $0
- Other: $200
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newmuseum.org
Where can I find the form 990 for New Museum Of Contemporary Art?
New Museum Of Contemporary Art's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmuseum.org
Learn more at the official website: www.newmuseum.org
Mission Statement of New Museum Of Contemporary Art
The New Museum of Contemporary Art, a pioneering institution in the contemporary art scene since 1977, is known for its commitment to showcasing new art and fresh ideas. This one-of-a-kind museum in New York is a global leader in contemporary art, dedicated to presenting a diverse range of artists and their innovative works. The New Museum offers a unique platform for artistic exploration and serves as a nexus for the artistic community.
At the heart of the New Museum's mission is the presentation of new art and the fostering of creative dialogue. The museum's bold programming provides artists with opportunities to create and exhibit their work in a museum setting, pushing the boundaries of contemporary art and inspiring new perspectives. Through its unparalleled commitment to global programs, the New Museum has distinguished itself as a crucial player in the contemporary art world, continually challenging and engaging its audience.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The New Museum of Contemporary Art plays a pivotal role in the cultural landscape, serving as a vital center for the exhibition and documentation of living artists since its inception in 1977. It is recognized as the only museum in New York exclusively dedicated to contemporary art, positioning it as a leading institution both nationally and globally.
Its commitment to fostering experimentation and innovation is evident in its dynamic exhibitions and special projects, which feature a diverse range of emerging and established international artists. By providing a platform for these artists, the New Museum encourages the creation of new works and ideas, embracing a philosophy of openness and fearlessness.
The museum actively engages the artistic community and reflects a bold cultural program that facilitates meaningful dialogue around socially committed contemporary art. Through its regular programming changes, it continuously revitalizes its connection to contemporary issues and trends in the art world, making it an essential hub for new ideas.
In summary, the New Museum significantly impacts the contemporary art scene by promoting artistic expression and experimentation, fostering a rich environment for dialogue and creativity, and reinforcing its position as a cornerstone of cultural leadership in New York and beyond.
This information is meant to be a general summary of New Museum Of Contemporary Art. 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: $2,485,324
- Program Service Revenue: $2,684,714
- Gross Receipts: $44,975,399
Assets and Liabilities:
- Total Assets: $107,362,095
- Total Liabilities: $10,353,214
- Net Assets: $97,008,881
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$1,346,123
MEMBERSHIP COUNCILS
Revenue
$1,045,641
INCUBATOR FEES
Revenue
$95,450
EXHIBITION TRAVELING FEES
Revenue
$197,500
Organization Details
Founding Year
1977
Phone
(212) 219-1222Principal Officer
Lisa Phillips
Main Address
235 Bowery, New York, NY, 10002
Website
www.newmuseum.orgNTEE Category
Code: A510 - Arts
If you are a representative of New Museum Of Contemporary Art and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.