2024-05-15T09:57:49-05:00 2023-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 990PF 2022-07-01 134151973 THE WILLEM DE KOONING FOUNDATION WILL 2127943401 790 MADISON AVENUE 301 NEW YORK NY 10065 JOHN SILBERMAN PRESIDENT/DIRECTOR 2127943401 2024-05-15 1 JOHN SILBERMAN 999009999 0 SHARON SULLIVAN P00432113 2126971000 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 418006643 X X 969713 964064 969713 1320339 24632364 1320339 0 59626 59626 59626 2349678 2344029 1029339 313220 0 0 313220 850529 0 0 850529 192925 0 0 192925 45196 0 0 45196 120155 30039 30039 90116 359665 98322 98322 261343 120368 0 0 120368 29341 29341 29341 321223 0 0 321223 87260 0 0 87260 1930724 0 0 1930682 4370606 157702 157702 4212862 392730 392730 4763336 157702 157702 4605592 -2413658 2186327 871637 248337 382125 382125 517074 1157579 1165985 12984746 10651342 9784775 21165405 19982286 28678568 3683663 3921108 3512846 676009 327644 369748 348365 348365 47209968 47225724 374133979 86178941 83668529 418006643 0 0 X 86178941 83668529 86178941 83668529 86178941 83668529 86178941 -2413658 0 83765283 96754 83668529 PUBLICLY TRADED SECURITIES - CITIBANK SHORT-TERM 13281566 13309142 -27576 -27576 PUBLICLY TRADED SECURITIES - CITIBANK LONG-TERM 11350798 10002883 1347915 1347915 1320339 -27576 30390 0 30390 0 30390 53131 0 0 0 53131 X 0 22741 22741 0 0 0 0 0 0 0 0 0 0 0 1 1 DE NY 1 1 0 0 0 1 WWW.DEKOONING.ORG THE WILLEM DE KOONING FOUNDATION 2127943401 790 MADISON AVENUE 301 NEW YORK NY 10065 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JOHN SILBERMAN 145 EAST 57TH STREET NEW YORK NY 10022 PRESIDENT/DIRECTOR 2.00 0 0 0 DONN ZARETSKY 145 EAST 57TH STREET NEW YORK NY 10022 SECRETARY, TREAS, DIRECTOR 1.00 0 0 0 AMY SCHICHTEL 790 MADISON AVENUE NEW YORK NY 10065 EXECUTIVE DIRECTOR 33.00 313220 23587 0 JOHN L EASTMAN CO-PRES TO AUG 2022 790 MADISON AVENUE NEW YORK NY 10065 CO-PRESIDENT/DIRECTOR 2.00 0 0 0 D ROGER ANTHONY 790 MADISON AVENUE-STE 301 NEW YORK NY 10065 SENIOR RESEARCHER 24.00 189434 23647 0 STEPHEN J MACK 790 MADISON AVENUE-STE 301 NEW YORK NY 10065 CATALOGUE RAISONNE D 31.00 143482 22642 0 HEIDI COLEMAN 790 MADISON AVENUE-STE 301 NEW YORK NY 10065 ARCHIVIST 33.00 109185 21185 0 MATTHEW D PYCH 790 MADISON AVENUE-STE 301 NEW YORK NY 10065 BUSINESS AND HR ADMI 31.00 100304 19112 0 RICHARD GOLDSTEIN 790 MADISON AVENUE-STE 301 NEW YORK NY 10065 ARCHIVE ASSISTANT 32.00 78450 20506 0 2 JOHN ELDERFIELD LLC 175 EAST 62ND STREET NEW YORK NY 10065 ART CONSULTANT 150000 CITRIN COOPERMAN ADVISORS LLC 50 ROCKEFELLER PLAZA NEW YORK NY 10020 ACCOUNTING SERVICES 120155 FIERA CAPITAL ADVISORS 375 PARK AVENUE NEW YORK NY 10152 INVESTMENT ADVISORY 98322 0 A WIDE RANGE OF RESEARCHERS, INCLUDING UNIVERSITY STUDENTS, SCHOLARS, CURATORS AND CONSERVATORS CONSULTED THE FOUNDATION'S ARCHIVES, STUDY MATERIALS, ART COLLECTION AND STAFF SPECIALISTS TOWARD MONOGRAPHS, EXHIBITIONS, AND EDUCATIONAL MATERIALS. FOUNDATION SPECIALISTS ACTIVELY PROVIDED RESEARCH FINDINGS, AND GUIDANCE TO ORGANIZATIONS AND AUTHORS TOWARD THEIR PUBLICATIONS AND EXHIBITIONS ON WILLEM DE KOONING AND RELATED SUBJECTS, WHICH WERE WIDELY ACCESSIBLE BOTH WITHIN THE UNITED STATES AND INTERNATIONALLY. IN PARTNERSHIP WITH THE ART INSTITUTE OF CHICAGO, THE FOUNDATION CONTINUED ITS ONGOING COMPREHENSIVE STUDY OF WILLEM DE KOONING'S DRAWINGS, WHICH WILL CULMINATE IN A DRAWINGS RETROSPECTIVE. IN COLLABORATION WITH THE GALLERIE DELL'ACCADEMIA, VENICE, THE FOUNDATION EMBARKED ON PREPARATIONS TOWARD A MAJOR EXHIBITION EXPLORING THE IMPACT OF DE KOONING'S TWO STAYS IN ITALY, IN 1959 AND 1969, ON HIS WORK. THIS EXHIBITION WILL BE HELD AT THE GALLERIE DELL'ACCADEMIA, VENICE IN 2024 4153682 ACTIVITY ONE CONTINUEDAND WILL BE ACCOMPANIED BY AN ILLUSTRATED CATALOGUE, TO SHARE DE KOONING'S WORK WITH THE MUSEUM'S MULTITUDE OF INTERNATIONAL VISITORS.THE FOUNDATION CONTINUED ITS IN-HOUSE RESEARCH AND PROCESSING OF DOCUMENTATION ON WILLEM DE KOONING'S OEUVRE AND WRITINGS, TOWARD EVENTUAL PUBLICATION OF RESOURCES TO AID FUTURE SCHOLARSHIP ON DE KOONING AND 20TH CENTURY ART. THE FOUNDATION CONTINUED TO RE-HOUSE, PROCESS, DIGITIZE AND ADD TO ITS ARCHIVES. THE CARE AND PRESERVATION OF ITS ART COLLECTION IS ON-GOING.15 WORKS WERE ON LONG-TERM LOAN THIS FISCAL YEAR TO INSTITUTIONS AND MUNICIPALITIES INCLUDING GRAND RAPIDS ART MUSEUM, JOHNS HOPKINS UNIVERSITY, LONGHOUSE RESERVE, STANFORD UNIVERSITY LAW SCHOOL AND BUSINESS SCHOOL, NEW YORK UNIVERSITY SCHOOL OF LAW, PINAKOTHEK DER MODERNE, MUNICH, THE OFFICE OF SECRETARY ANTONY BLINKEN, WASHINGTON, DC, THE CITY OF ROTTERDAM, AND THE RESIDENCE OF THE UNITED STATES AMBASSADOR TO THE UNITED KINGDOM, JANE HARTLEY. 0 ACTIVITY ONE CONTINUEDTHE FOUNDATION WELCOMED 3 INTERNS TO LEARN AND WORK ALONGSIDE STAFF MEMBERS. 0 0 40746656 2984004 0 43730660 0 0 43730660 655960 43074700 2153735 X 4605592 0 4605592 2001-05-14 X 871637 677208 1376347 1475443 4400635 740891 575627 1169895 1254127 3740540 4605592 4374653 5274933 5498640 19753818 392730 935235 2314300 2555000 6197265 4212862 3439418 2960633 2943640 13556553 417930825 91261193 428453245 423916220 1361561483 374200165 374454690 374473624 374449377 1497577856 0 0 0 0 0 X THE BROOKLYN RAIL 253 36TH STREET - SUITE 304 BROOKLYN NY 11232 N/A PC SUPPORT FOR THE ART SEEN SECTION OF JOURNAL PUBLICATIONS THAT COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. 100000 ARTS CENTER AT DUCK CREEK 127 SQUAW ROAD PO BOX 590 EAST HAMPTON NY 11937 N/A PC SUPPORT FOR PROGRAMS AND EXHIBITIONS DEDICATED TO CONTEMPORARY ART AND ARTISTS AND A MUSIC SERIES. 82730 NEW YORK FOUNDATION FOR THE ARTS INC 29 W 38TH ST 9TH FLOOR NEW YORK NY 10018 N/A PC UNRESTRICTED CHARITABLE PURPOSES 70000 INTERNATIONAL FOUNDATION FOR ART RESEARCH 500 FIFTH AVENUE SUITE 935 NEW YORK NY 10110 N/A PC TO FUND THE CHARITY'S GENERAL OPERATING EXPENSES (2023 ANNUAL FUND) AND THE CHARITY'S ENDOWMENT. 65000 ARTADIA 45 MAIN STREET SUITE 515 BROOKLYN NY 11201 N/A PC SUPPORT THE ARTADIA AWARD, GIVEN TO TWO NEW YORK CITY-BASED VISUAL ARTISTS, 40000 PUBLICOLOR INC 20 W 36TH ST STE 9 NEW YORK NY 10018 N/A PC UNRESTRICTED CHARITABLE PURPOSES 25000 THE ASPEN INSTITUTE 2300 N STREET NW SUITE 700 WASHINGTON DC 20037 N/A PC IN SUPPORT OF THE 2023 COSTS OF THE CHARITY'S EDUCATIONAL AND PROFESSIONAL DEVELOPMENT SERVICES PROVIDED THROUGH ITS BIPOC INTERNSHIP AND FELLOWSHIP PROGRAM. 10000 392730 0 14 969713 18 1320339 REPRODUCTION & PUBLICATION INCOME 59626 0 2290052 59626 2349678 11 INCOME FROM THE LICENSING OF THE REPRODUCTION OF AND/OR PUBLICATION OF WILLEM DE KOONING'S ART CONSTITUTES SOME OF THE MEANS BY WHICH THE FOUNDATION CURRENTLY ACCOMPLISHES ITS EXEMPT PURPOSE. ITS EXEMPT PURPOSE IS TO PRESERVE THE ART WORK OF WILLEM DE KOONING AND PROVIDE ACCESS THERETO; TO CREATE AND MAINTAIN AN ARCHIVE OF ART WORKS AND REFERENCE PAPERS RELATING TO WILLEM DE KOONING AND PROVIDE ACCESS TO THE ARCHIVE TO SCHOLARS FOR RESEARCH; TO EDUCATE THE PUBLIC ABOUT THE ART OF WILLEM DE KOONING AND ART IN GENERAL. 0 0 0 0 0 0 0 0 0 0 MAINTENANCE OF ACCOUNTING/ INVESTMENT RECORDS 30039 30039 30039 0 PREPARATION OF FORM 990-PF & NYS ATTORNEY GENERAL REPORT 90116 0 0 90116 OFFICE EQUIPMENT 2004-11-21 3647 3647 SL 7.000000000000 0 0 0 OFFICE EQUIPMENT 2006-08-23 2989 2989 SL 7.000000000000 0 0 0 COMPUTER EQUIPMENT 2007-06-30 30078 30078 SL 5.000000000000 0 0 0 COMPUTER EQUIPMENT 2008-06-01 12396 12396 SL 5.000000000000 0 0 0 COMPUTER EQUIPMENT 2007-12-31 10353 10353 SL 5.000000000000 0 0 0 FURNITURE 2008-01-23 8496 8496 SL 7.000000000000 0 0 0 SCANNER 2009-03-31 715 715 SL 5.000000000000 0 0 0 FURNITURE 2010-10-14 291 291 SL 7.000000000000 0 0 0 COMPUTER EQUIPMENT 2010-10-19 2386 2386 SL 5.000000000000 0 0 0 AUDIO RECORDER 2012-04-01 636 636 SL 7.000000000000 0 0 0 FURNITURE 2012-08-29 1456 1456 SL 7.000000000000 0 0 0 FURNITURE 2012-09-13 9364 9364 SL 7.000000000000 0 0 0 FURNITURE 2012-11-12 1455 1455 SL 7.000000000000 0 0 0 FURNITURE 2012-12-01 8386 8386 SL 7.000000000000 0 0 0 IMPROVEMENTS 2012-12-01 26481 6507 SL 39.000000000000 679 0 679 COMPUTERS 2013-08-30 12956 12956 200DB 5.000000000000 0 0 0 SOFTWARE 2013-09-12 633 633 SL 3.000000000000 0 0 0 SOFTWARE 2013-10-17 193 193 SL 3.000000000000 0 0 0 COMPUTER EQUIPMENT 2014-03-24 2617 2617 200DB 5.000000000000 0 0 0 COMPUTER EQUIPMENT 2014-04-21 848 848 200DB 5.000000000000 0 0 0 FURNITURE 2013-07-03 2358 2358 200DB 7.000000000000 0 0 0 FURNITURE 2013-07-03 630 630 200DB 7.000000000000 0 0 0 FURNITURE 2013-08-30 630 630 200DB 7.000000000000 0 0 0 FURNITURE 2013-10-17 2358 2358 200DB 7.000000000000 0 0 0 COMPUTER EQUIPMENT 2014-09-29 468 468 200DB 5.000000000000 0 0 0 COMPUTER EQUIPMENT 2015-06-29 6621 6264 200DB 5.000000000000 0 0 0 IMPROVEMENTS 2016-02-24 159978 26153 SL 39.000000000000 4102 0 4102 FURNITURE 2016-02-24 48681 46509 200DB 7.000000000000 2172 0 2172 IMPROVEMENTS 2016-08-05 12295 1851 SL 39.000000000000 315 0 315 IMPROVEMENTS 2017-10-19 108479 12982 SL 39.000000000000 2782 0 2782 FURNITURE 2017-12-15 14253 11250 200DB 7.000000000000 1264 0 2036 COMPUTER EQUIPMENT 2018-05-04 44380 40130 200DB 5.000000000000 4250 0 4250 FURNITURE 2018-09-21 10519 7644 200DB 7.000000000000 920 0 1503 COMPUTER EQUIPMENT 2020-04-10 11383 7490 200DB 5.000000000000 1557 0 2277 IMPROVEMENTS 2020-05-04 70554 3920 SL 39.000000000000 1809 0 1809 COMPUTER EQUIPMENT 2021-04-10 19604 8430 200DB 5.000000000000 4470 0 3921 IMPROVEMENTS 2021-05-04 3247 97 SL 39.000000000000 83 0 83 FURNITURE 2022-02-04 5437 777 200DB 7.000000000000 1331 0 777 COMPUTER EQUIPMENT 2022-03-24 9800 1960 200DB 5.000000000000 3136 0 1960 COMPUTER EQUIPMENT 2023-04-14 6168 200DB 5.000000000000 308 0 308 CHAIRS AND PHONE 2023-05-18 406 200DB 7.000000000000 15 0 5 FURNITURE 2023-03-15 1384 200DB 7.000000000000 148 0 66 BP CAP MKTS AMER INCGTD FXD RT MAP 04/05/26 3.65% 535425 461514 SOUTHERN CALIF EDISON CO MAT 05/04/26 3.119% 279272 276264 APPLE INC. 2.9% 9/2027 409680 375161 JP MORGAN CHASE CO2.95% 10/1/26 520262 449738 TORONTO DOMINION BANK 1.15% 06/12/25 542327 496872 BANK OF AMERICA CORP 03/05/29 3.97% 510990 411757 PNC FNL SVCS GROUP INC 2.55% 01/22/30 462303 377759 MORGAN STANLEY MAT 4/1/31 3.622% 362388 360344 ELI LILLY & CO 02/27/33 4.7% 298461 303437 VANGUARD S&P 500 ETF 8556190 15238381 ISHARES MSCI EAFE INDEX FUND 3268603 3183910 ISHARES CORE S&P MID-CAP 2871853 3943903 ISHARES TR CORE S&P 2606802 3444203 ISHARES CORE HIGH DIVIDEND ETF 2250562 2112054 SELECT SECTOR SPDR 428276 756117 10651342 9784775 0 0 OFFICE EQUIPMENT 3647 3647 0 OFFICE EQUIPMENT 2989 2989 0 COMPUTER EQUIPMENT 30078 30078 0 COMPUTER EQUIPMENT 12396 12396 0 COMPUTER EQUIPMENT 10353 10353 0 FURNITURE 8496 8496 0 SCANNER 715 715 0 FURNITURE 291 291 0 COMPUTER EQUIPMENT 2386 2386 0 AUDIO RECORDER 636 636 0 FURNITURE 1456 1456 0 FURNITURE 9364 9364 0 FURNITURE 1455 1455 0 FURNITURE 8386 8386 0 IMPROVEMENTS 26481 7186 19295 COMPUTERS 12956 12956 0 SOFTWARE 633 633 0 SOFTWARE 193 193 0 COMPUTER EQUIPMENT 2617 2617 0 COMPUTER EQUIPMENT 848 848 0 FURNITURE 2358 2358 0 FURNITURE 630 630 0 FURNITURE 630 630 0 FURNITURE 2358 2358 0 COMPUTER EQUIPMENT 468 468 0 COMPUTER EQUIPMENT 6621 6264 357 IMPROVEMENTS 159978 30255 129723 FURNITURE 48681 48681 0 IMPROVEMENTS 12295 2166 10129 IMPROVEMENTS 108479 15764 92715 FURNITURE 14253 12514 1739 COMPUTER EQUIPMENT 44380 44380 0 FURNITURE 10519 8564 1955 COMPUTER EQUIPMENT 11383 9047 2336 IMPROVEMENTS 70554 5729 64825 COMPUTER EQUIPMENT 19604 12900 6704 IMPROVEMENTS 3247 180 3067 FURNITURE 5437 2108 3329 COMPUTER EQUIPMENT 9800 5096 4704 COMPUTER EQUIPMENT 6168 308 5860 CHAIRS AND PHONE 406 15 391 FURNITURE 1384 148 1236 LEGAL FEES RELATED TO CHARITABLE ACTIVITIES 45196 0 0 45196 INVESTMENT CATALOGUE RAISONNE 33281 49037 49037 SECURITY DEPOSITS 71034 71034 71034 WILLEM DE KOONING ARCHIVAL MATERIALS 162108 162108 162108 WILLEM DE KOONING ARTWORK 46943545 46943545 373851800 ADJUSTMENT FOR CARRYING VALUE OF INVESTMENTS 57804 PRIOR YEAR ADJUSTMENT 38950 ART CONSERVATION 2500 0 0 2500 ART BOOKS 3002 0 0 3002 ART DUES & SUBSCRIPTIONS 9894 0 0 9894 ART FREIGHT 5759 0 0 5759 ART INSURANCE 294449 0 0 294449 REPAIRS AND MAINTENANCE 3186 0 0 3186 ART SECURITY COSTS 2781 0 0 2781 ART STORAGE CHARGES 428851 0 0 428851 TELEPHONE 19544 0 0 19544 PAYROLL SERVICE FEES 8755 0 0 8755 POSTAGE & DELIVERY 3354 0 0 3354 SUPPLIES 994 0 0 994 WEBSITE DESIGN 4277 0 0 4277 IT SUPPORT 85320 0 0 85320 DIGITAL ASSET DATABASE SUPPORT 1842 0 0 1842 GIFTS 1155 0 0 1155 OFFICE EXPENSES 18041 0 0 18041 INTEREST EXPENSES 72 0 0 72 MISCELLANEOUS EXPENSES 70 0 0 70 GALLERY EXPENSES 300196 0 0 300196 ELECTRONIC/SOFTWARE 5240 0 0 5240 LATE FEE 42 0 0 0 PHOTOGRAPHS 1100 0 0 1100 WAREHOUSE 1920 0 0 1920 EXHIBITION INITIATIVE 720666 0 0 720666 MEETING EXPENSES 7714 0 0 7714 REPRODUCTION & PUBLICATION INCOME 59626 59626 59626 OTHER PROFESSIONAL FEES 209665 98322 98322 111343 ART CONSULTANT 150000 0 0 150000 REAL ESTATE TAXES 41050 0 0 41050 PAYROLL TAXES 79318 0 0 79318