2024-05-15T12:46:00-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2022-07-01 237129564 NEW YORK FOUNDATION FOR THE ARTS INC NEWY 2123666900 29 W 38TH STREET 9TH FLOOR NEW YORK NY 10018 MICHAEL L ROYCE CHIEF EXECUTIVE OFFICER 2123666900 2024-05-15 1 MICHAEL ROYCE 999009999 1 GARRETT M HIGGINS P00543209 9082726200 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL L ROYCE 29 W 38TH STREET 9TH FLOOR NEW YORK NY 10018 15307022 0 X HTTPS://WWW.NYFA.ORG X 1971 NY TO EMPOWER ARTISTS AT CRITICAL STAGES IN THEIR CREATIVE LIVES 23 23 31 28 0 0 28128929 13111811 2372011 1908918 21297 36785 86103 29460 30608340 15086974 24324486 11487062 0 0 2467569 2687203 0 0 563620 1398808 1405790 28190863 15580055 2417477 -493081 12251951 14671798 4126291 6881896 8125660 7789902 X THE NEW YORK FOUNDATION FOR THE ARTS' (NYFA) MISSION IS TO EMPOWER ARTISTS AT CRITICAL STAGES IN THEIR CREATIVE LIVES. NYFA ACCOMPLISHES THIS BY OFFERING FINANCIAL ASSISTANCE AND INFORMATION TO ARTISTS AND ORGANIZATIONS THAT DIRECTLY SERVE ARTISTS, BY SUPPORTING ARTS PROGRAMMING IN THE COMMUNITY, AND BY BUILDING COLLABORATIVE RELATIONSHIPS WITH OTHERS WHO ADVOCATE FOR THE ARTS IN NEW YORK STATE AND THROUGHOUT THE COUNTRY. EACH YEAR NYFA AWARDS $1 MILLION PLUS TO INDIVIDUAL ARTISTS THROUGH ITS FELLOWSHIP AND OTHER GRANTING PROGRAMS. NYFA'S LEARNING PROGRAMS SERVE THOUSANDS OF ARTISTS THROUGH WORKSHOPS, PANEL DISCUSSIONS, AND INDIVIDUAL MENTORING ON TOPICS RANGING FROM GRANT WRITING AND BUDGETING TO CREATING AN ARTIST PORTFOLIO AND AUDIENCE DEVELOPMENT. THE FISCAL SPONSORSHIP PROGRAM IS ONE OF THE LARGEST AND MOST ESTABLISHED IN THE COUNTRY AND HELPS ARTISTS AND EMERGING ARTS ORGANIZATIONS RAISE AND MANAGE OVER $3 MILLION ANNUALLY. 0 0 6177223 5762051 507563 FISCAL SPONSORSHIPS: SINCE 1976, NYFA HAS PROVIDED FISCAL SPONSORSHIPS TO INDIVIDUAL ARTISTS AND EMERGING ORGANIZATIONS, MAKING IT THE OLDEST PROGRAM OF ITS KIND IN THE COUNTRY. IT MAKES IT POSSIBLE FOR INDIVIDUALS AND ORGANIZATIONS WITHOUT NOT-FOR-PROFIT STATUS TO RAISE FUNDS FOR UPCOMING FILMS, THEATRICAL PERFORMANCES, ART INSTALLATIONS AND OTHER PROJECTS. 2116943 1951340 NYC MADE IN NY WOMEN'S FILM: THE NYC WOMEN'S FUND FOR MEDIA, MUSIC AND THEATRE ("WOMEN'S FUND"), ADMINISTERED BY THE NEW YORK FOUNDATION FOR THE ARTS (NYFA) IN PARTNERSHIP WITH THE CITY OF NEW YORK MAYOR'S OFFICE OF MEDIA AND ENTERTAINMENT (MOME), IS PART OF A GROUNDBREAKING SERIES OF INITIATIVES THAT ADDRESS THE UNDERREPRESENTATION OF WOMEN IN FILM, MUSIC, TELEVISION AND THEATRE. THE FUND PROVIDES GRANTS TO ENCOURAGE AND SUPPORT THE CREATION OF CONTENT THAT REFLECT THE VOICES AND PERSPECTIVES OF ALL WHO IDENTIFY AS WOMEN. 1137786 730000 FELLOWSHIP GRANTS: THE NYSCA NYFA FELLOWSHIP AWARDS HAVE BEEN PROVIDED FOR OVER 30 YEARS. THE GRANT PROGRAM, FUNDED BY THE NEW YORK STATE COUNCIL ON THE ARTS PROVIDES ROUGHLY 100 INDIVIDUAL ARTISTS ANNUALLY RESIDING IN THE NEW YORK STATE WITH FUNDS TO BE USED FOR THEIR CREATIVE PRACTICE. 4871393 3043671 1401355 OTHER PROGRAMS: OTHER PROGRAMS PROVIDED BY THE FOUNDATION INCLUDE NYFA LEARNING, THE RAUSCHENBERG MEDICAL RELIEF GRANTS TO ARTISTS AND DANCERS, AND ARTIST FUNDS SUCH AS THE LATINX FELLOWSHIP FUNDED TO THE MELLON AND FORD FOUNDATIONS. 4871393 3043671 1401355 14303345 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 520 0 31 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NY X X X SEBI VITALE DIRECTOR OF FINANCE & ADMINISTRATION 2123666900 29 WEST 38TH STREET 9TH FLOOR NEW YORK NY 10018 MARC J JASON CHAIR 5.00 X X 0 0 0 J WESLEY MCDADE VICE CHAIR 5.00 X X 0 0 0 J WHITNEY STEVENS SECRETARY 5.00 X X 0 0 0 MYRNA CHAO TREASURER EFF. JUN 2023 5.00 X X 0 0 0 LORIN GU TREASURER THRU MAR 2023 2.00 X X 0 0 0 JUDITH K BRODSKY PAST IMMEDIATE CHAIR THRU JAN 2023 2.00 X 0 0 0 FEDERICO ACUNA BOARD MEMBER 2.00 X 0 0 0 JOE BAKER BOARD MEMBER 2.00 X 0 0 0 CAROLINE BLACK BOARD MEMBER 2.00 X 0 0 0 KERRIE BUITRAGO BOARD MEMBER THRU JAN 2023 2.00 X 0 0 0 ALEXANDRA CHASIN BOARD MEMBER 2.00 X 0 0 0 ANNA DEAVERE SMITH BOARD MEMBER 2.00 X 0 0 0 CHRISTOPHER DONINI BOARD MEMBER 2.00 X 0 0 0 KIM ESTES MCCARTY BOARD MEMBER THRU JAN 2023 2.00 X 0 0 0 MICHAEL FINDLAY BOARD MEMBER 2.00 X 0 0 0 LESLEY-ANNE GLIEDMAN BOARD MEMBER 2.00 X 0 0 0 CHARMAINE GREEN-FORDE BOARD MEMBER THRU JAN 2023 2.00 X 0 0 0 GRACE ANGELA HENRY BOARD MEMBER 2.00 X 0 0 0 EUNBI KIM BOARD MEMBER 2.00 X 0 0 0 MARY LANG BOARD MEMBER 2.00 X 0 0 0 RICARDO ALBERTO MALDONADO BOARD MEMBER 2.00 X 0 0 0 CHRISTOPHER RUDD BOARD MEMBER 2.00 X 0 0 0 SAID SAYREFIEZADEH BOARD MEMBER 2.00 X 0 0 0 JUSTIN TOBIN BOARD MEMBER 2.00 X 0 0 0 CARMELITA TROPICANA BOARD MEMBER 2.00 X 0 0 0 LUIS H VALDERAS BOARD MEMBER 2.00 X 0 0 0 ELIZABETH VON HABSBURG BOARD MEMBER 2.00 X 0 0 0 SARAH YOUNG O'DONNELL BOARD MEMBER 2.00 X 0 0 0 MICHAEL L ROYCE CHIEF EXECUTIVE OFFICER 60.00 X 415735 0 23758 SEBI VITALE DIRECTOR OF FINANCE & ADMINISTRATION 50.00 X 156429 0 37149 MELANIE MARTIN DIRECTOR OF COMMUNICATIONS 40.00 X 145367 0 12926 MARY GROHOSKI SALES MANAGER 40.00 X 117017 0 15058 834548 0 88891 4 0 1 0 0 222217 4868621 8020973 13111811 PROGRAM SERVICE FEES 561499 1361853 1361853 ADMINISTRATIVE FEES 561000 507563 507563 MIRLF INTEREST 561499 39502 39502 1908918 28578 28578 22845 0 22845 22845 22845 93902 85695 8207 8207 8207 140968 222217 134353 6615 6615 15086974 1908918 0 66245 739761 739761 10747301 10747301 645208 190989 210781 243438 1657548 1272509 207756 177283 27125 25148 1977 198336 141650 33359 23327 158986 107435 31059 20492 37040 23240 6400 7400 339338 300212 27970 11156 20808 20808 115349 71221 30775 13353 190737 190581 156 343613 231556 76189 35868 33854 17958 15896 253 253 69939 45810 11190 12939 22394 13950 3970 4474 PROJECT PRODUCTION 125735 119190 6545 REPAIRS AND MAINTENANCE 49824 29549 9403 10872 PROFESSIONAL DEVELOPMEN 21654 6159 14513 982 MISCELLANEOUS 17617 465 16849 303 17635 7853 8205 1577 15580055 14303345 713090 563620 5909962 5608564 2557538 2596158 302612 381202 28647 2628 52283 89087 1889026 1819063 69963 69963 2456370 3208609 868384 907232 6192 1808355 12251951 14671798 187633 183783 0 731000 2545304 2917994 1393354 3049119 4126291 6881896 X 2518381 2638251 5607279 5151651 8125660 7789902 12251951 14671798 -493081 157323 0 X X 0 1 X 1 0 X 6692624 9206474 9865492 28104744 13111811 66981145 6692624 9206474 9865492 28104744 13111811 66981145 6279675 60701470 86863 85234 67514 69206 51423 360240 2683 76393 6615 85691 67427076 8417034 0.90030 0.92670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 793756 77227 15000 855983 806751 -1995 11000 793756 719891 4588 93272 11000 806751 697855 7972 20064 6000 719891 685636 29719 17500 697855 0.62745 0.37255 0 0 375735 375735 0 1513291 1443328 69963 69963 PROGRAM RELATED INVESTMENTS 907232 F 907232 SECURITY DEPOSITS 51341 RIGHT-OF-USE ASSET, OPERATING LEASE 1757014 1808355 DUE TO SPONSORED EMERGING ORGS. 298471 DUE TO MIRLF 869232 OPERATING LEASE LIABILITY 1881416 3049119 X 15244297 157323 157323 15086974 0 15086974 15580055 0 15580055 0 15580055 PART X, LINE 2: NYFA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT NYFA HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. SCHEDULE D, PART V, LINE 4 INVESTMENT RETURN ON PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE INTENDED FOR THE PURPOSE OF ADMINISTERING GRANTS TO ARTISTS. NYFA HALL OF FAME 363185 222217 140968 85140 49213 363185 222217 140968 85140 49213 134353 6615 1 YOUTH ARTS NEW YORK PO BOX 363 NEW YORK NY 10011 202662433 501(C)(3) 34867 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS CUBAN ARTIST FUND 10 PARK AVENUE 12A NEW YORK NY 10016 134005473 501(C)(3) 88961 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS DRUMSONGS PRODUCTIONS INC PO BOX 340716 JAMAICA NY 11434 061550859 85328 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS LENAPE CENTER 21 EAST 92ND STREET 2 NEW YORK NY 10128 455282136 501(C)(3) 190161 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS PARTHENIA 67-25 47TH AVENUE WOODSIDE NY 11377 770698322 16454 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS MINERVA FOUNDATION FOR FIGURE DRAWING 293 BROOME STREET NEW YORK NY 10002 834405793 8677 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS URBAN ART BEAT 172 HAMILTON AVENUE STATEN ISLAND NY 10301 113794614 501(C)(3) 6762 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS THE MISTY COPELAND FOUNDATION INC 66 ST NICHOLAS AVENUE SUITE 5G NEW YORK NY 10026 871435083 501(C)(3) 296000 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS ASIFA-EAST 135 ASHLAND PLACE BROOKLYN NY 11201 133464614 12551 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS 5 4 NYSCA NYFA FELLOWSHIP AWARDS 93 730000 MADE IN NYC WOMEN'S GRANTS 235 1951340 NYSCA DISABILITY GRANTS 255 255000 QUEENS ART FUND 116 457699 ANONYMOUS WAS A WOMEN GRANTS 31 225000 CANDADIAN WOMEN'S CLUB OF NY 3 15000 FISCALLY SPONOSRED ARTIST PROJECTS 283 5022185 SHELLY PINZ AWARD 1 8000 ARTIST FUND GRANTS (INCLUDES LATINX FELLOWSHIP AWARDS) 32 830600 RAUSCHENBERG MEDICAL RELEIF GRANTS TO ARTISTS AND DANCERS 329 1234477 NYFA LEARNING GRANTS 30 18000 PART I, LINE 2: NYFA USES INDEPENDENT PANELISTS TO REVIEW GRANT APPLICATIONS. THE PANELIST ARE AWARE OF THE GRANT CRITERIA WHEN REVIEWING APPLICATIONS. ONCE THE PANELISTS COMPLETE THEIR REVIEW THEY PROVIDE THE NYFA PROGRAM OFFICER WITH THEIR RECCOMENDATION ON WHICH ARTISTS ARE AWARDED THE GRANT. PROGRAM OFFICERS THEN FOLLOW UP AND CONDUCT THEIR REVIEW AND DUE DILIGENCE IN REQUESTING REQUIRED DOCUMENTS PERTAINING TO THE GRANT PROGRAM. X X X X 0 0 0 0 0 0 0 1 0 MICHAEL L ROYCE CHIEF EXECUTIVE OFFICER 297811 0 117500 0 424 0 11929 0 11829 0 439493 0 0 0 SEBI VITALE DIRECTOR OF FINANCE & ADMINISTRATION 131505 0 24500 0 424 0 5277 0 31872 0 193578 0 0 0 MELANIE MARTIN DIRECTOR OF COMMUNICATIONS 81392 0 63551 0 424 0 3273 0 9653 0 158293 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A DISCRETIONARY BONUS, BASED ON PERFORMANCE, TO THE CHIEF EXECUTIVE DIRECTOR, DIRECTOR OF FINANCE & ADMINISTRATION, AND DIRECTOR OF COMMUNICATIONS AS REPORTED IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A DRAFT OF THE FORM 990 IS REVIEWED BY THE FOUNDATION'S MANAGEMENT AND THEN PROVIDED TO NYFA'S FINANCE COMMITTEE BEFORE BEING FINALIZED. THE COMMITTEE DISCUSSES ANY ISSUES FOUND DURING THE REVIEW OF THE 990 WITH THE AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C NEW YORK FOUNDATION FOR THE ARTS, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND EMPLOYEES ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE DIRECTOR OF FINANCE OR THE DEPUTY DIRECTOR WHO REVIEWS THE SIGNED ATTESTATIONS FOR ANY POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE DIRECTOR OF FINANCE OR THE DEPUTY DIRECTOR WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD OR COMMITTEE WILL DISCLOSE THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE PERSON WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF THERE HAS BEEN SUBSTANTIAL OR REPEATED FAILURES TO DISCLOSE ACTUAL CONFLICTS OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, INCLUDING REMOVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS REVIEWED AND SET BY THE EXECUTIVE COMMITTEE, CONSISTING OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, AND DIRECTOR AT LARGE. THIS GROUP RESEARCHES REPORTS AND SURVEYS ON SALARIES AGAINST CEOS OF NOT FOR PROFITS WITH SIMILAR MISSIONS, BUDGET SIZES AND GEOGRAPHY, AND CONTRASTS THESE SALARIES AGAINST THOSE LISTED ON WEBSITES SUCH AS GUIDESTAR, TO DETERMINE AN APPROPRIATE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THE COMPENSATION REVIEW PROCESS IS INTERNALLY DOCUMENTED AND COMMUNICATED TO THE DIRECTOR OF FINANCE AND ADMINISTRATION THROUGH EMAIL. THIS WAS LAST DONE JUNE 14, 2022. FORM 990, PART VI, SECTION C, LINE 19 NEW YORK FOUNDATION FOR THE ARTS, INC. MAKES ITS FORM 990 AVAILABLE FOR OUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY MAKINT IT AVAILABLE ON GUIDESTAR.ORG AND SIMILAR TYPES OF WEBSITES. IN ADDITION, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.