NEW YORK ACADEMY OF ART

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

111 FRANKLIN ST, NEW YORK, NY 10013-2911

Principal officer (990 for 2024)

STEPHAN KORSAKOV, 111 FRANKLIN STREET, NEW YORK, NY 10013

Signed the 990

STEPHAN KORSAKOV, COO

Phone

(212) 966-0300

Website

WWW.NYAA.EDU

Return prepared by

COHNREZNICK ADVISORY LLC

Mission

THE NEW YORK ACADEMY OF ART IS A UNIQUE GRADUATE SCHOOL THAT COMBINES INTENSIVE TECHNICAL TRAINING IN THE FINE ARTS WITH ACTIVE CRITICAL DISCOURSE. WE BELIEVE THAT RIGOROUSLY TRAINED ARTISTS ARE BEST ABLE TO REALIZE THEIR ARTISTIC VISION. THEREFORE, ACADEMY STUDENTS ARE TAUGHT TRADITIONAL METHODS AND TECHNIQUES AND ENCOURAGED TO USE THESE SKILLS TO MAKE VITAL CONTEMPORARY ART. AS SUCH, THE ACADEMY SERVES AS A CREATIVE AND INTELLECTUAL CENTER FOR ALL ARTISTS DEDICATED TO HIGHLY SKILLED, CONCEPTUALLY AWARE FIGURATIVE AND REPRESENTATIONAL ART.

Program accomplishments

• MASTER OF FINE ARTS - THE MASTER OF FINE ARTS PROGRAM AT THE ACADEMY OFFERS SEQUENTIAL COURSES THAT PROVIDE EXTRAORDINARY INSTRUCTION IN PAINTING, DRAWING AND SCULPTURE. STUDENTS AT THE ACADEMY PROCEED THROUGH THE SEQUENCE OF COURSES DEVELOPING THEIR SKILLS AND THEIR KNOWLEDGE OF ART HISTORY AND CONTEMPORARY DISCOURSE, SIMULTANEOUSLY. INSTRUCTION AT THE ACADEMY IS PROVIDED BY SOME OF THE MOST PROMINENT LEADERS OF THE CONTEMPORARY FIGURATIVE AND REPRESENTATIONAL ART WORLD. CLASS SIZE IS LIMITED AND CONTACT WITH INSTRUCTORS IS DIRECT WITH TECHNICAL DEMONSTRATIONS AND ACTIVE CRITICAL DISCOURSE. GRADUATES OF THE ACADEMY ARE UNIQUELY CAPABLE OF APPLYING THE LESSONS OF ART HISTORY TO CONTEMPORARY ARTMAKING, GUARANTEEING THAT TECHNICALLY RICH AND CONCEPTUALLY AWARE ART WILL CONTINUE TO FLOURISH.
  Expenses $6,237,739 · grants $1,131,500 · revenue $4,557,360
• THE CONTINUING EDUCATION PROGRAM AT THE ACADEMY OFFERS THE OPPORTUNITY TO STUDY PAINTING, DRAWING AND SCULPTURE TO INDIVIDUALS NOT INTERESTED IN PURSUING A MASTER OF FINE ARTS DEGREE OR HOPING TO BUILD THE SKILLS NEEDED TO SUCCESSFULLY APPLY TO OUR GRADUATE PROGRAM. LEARNING TO DRAW, PAINT OR SCULPT IN THE STUDIO OF A MASTER ARTIST IS A TIME-HONORED TRADITION THROUGH WHICH KNOWLEDGE AND SKILLS ARE PASSED FROM GENERATION TO GENERATION. THE "ATELIER" OF THE ACADEMY IS A CONTINUING EDUCATION PROGRAM THAT OFFERS THE SERIOUS STUDENT AND PASSIONATE BEGINNER AN OPPORTUNITY TO STUDY WITH ACCOMPLISHED ARTISTS. HERE, STUDENTS ACQUIRE THE SKILLS NECESSARY TO INVEST THEIR WORK WITH SOUND DRAFTSMANSHIP, CONVINCING TECHNIQUE AND VISUAL AUTHORITY. THE CONTINUING EDUCATION PROGRAM OFFERS CLASSES DURING THE WEEKDAYS AND EVENINGS, AS WELL AS DURING THE DAY ON SATURDAY AND SUNDAY. CLASSES AVERAGE 11 STUDENTS. ALL CLASSES ARE INSTRUCTED. AVERAGE TOTAL ENROLLMENT PER SEMESTER FOR ALL CLASSES IS 300 STUDENTS. THE ACADEMY SERVCES ON AVERAGE 1600 STUDENTS EACH YEAR. TYPICAL CLASSES MEET ONCE A WEEK FOR 3 HOURS. FALL AND SPRING SEMESTERS ARE 12 WEEKS IN LENGTH. SUMMER SEMESTER IS 10 WEEKS IN LENGTH.
  Expenses $1,351,910 · grants $278,776 · revenue $1,896,447
• THE NEW YORK ACADEMY OF ART'S EXHIBITION AND EVENTS PROGRAM PROMOTE THE ACADEMY'S COMMUNITY AND SUPPORT STUDENTS, ALUMNI, AND FACULTY BY PROVIDING EXHIBITION AND CAREER DEVELOPMENT OPPORTUNITIES, CREATING OCCASIONS TO ENGAGE WITH DONORS, COLLECTORS, AND THE GENERAL PUBLIC. BOTH DEPARTMENTS RAISE FUNDS FOR SCHOLARSHIPS, EDUCATIONAL PROGRAMMING AND GENERAL OPERATING, AND THESE DEPARTMENTS ALSO INCREASE THE AUDIENCE AND ENHANCE THE PROFILE OF THE SCHOOL. THE ACADEMY'S EVENTS/EXHIBITIONS TEAM IS RESPONSIBLE FOR THE CREATIVE AND BUDGETARY PRODUCTION OF NEARLY 50 UNIQUE AND NOTEWORTHY SPECIAL EVENTS, EXHIBITIONS, AND CULTIVATION-RELATED PROJECTS FROM CONCEPT THROUGH COMPLETION. THE ACADEMY'S EVENTS AND PROGRAMS INCLUDE MAJOR ART FAIRS, EXHIBITION OPENINGS, GATHERINGS FOR PATRONS, COLLECTORS, DEALERS, DRAWING PARTIES TO FURTHER CULTIVATE HIGHER-PROFILE ARTISTS AND NEW DONORS, OUR ANNUAL HOLIDAY PARTY, AND TWO MAJOR FUNDRAISING EVENTS DECK THE WALL AND TAKE HOME A NUDE.
  Expenses $286,584 · revenue $126,485

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

13-3643485

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

School

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1992

Accounting year ends

June

Files

Form 990 or 990-EZ

Assets (IRS master file)

$16,279,267

Income (IRS master file)

$15,810,021

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3643485).

Questions about NEW YORK ACADEMY OF ART

What is the EIN of NEW YORK ACADEMY OF ART?

The employer identification number (EIN) of NEW YORK ACADEMY OF ART is 13-3643485.

Is NEW YORK ACADEMY OF ART tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.

Are donations to NEW YORK ACADEMY OF ART tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does NEW YORK ACADEMY OF ART file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of NEW YORK ACADEMY OF ART due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did NEW YORK ACADEMY OF ART last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of NEW YORK ACADEMY OF ART?

The 990 for the year ended June 30, 2025 names STEPHAN KORSAKOV.

Who are the officers and directors of NEW YORK ACADEMY OF ART?

The 990 for the year ended June 30, 2025 lists 38 people; 7 received compensation from the organization, the highest $301,129 (STEPHAN KORSAKOV, CHIEF FINANCIAL OFFICER).

How much revenue does NEW YORK ACADEMY OF ART have?

On its 990 for the year ended June 30, 2025 it reported revenue of $8,845,834, expenses of $10,011,292 and total assets of $16,279,267 at year end.

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