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Nonprofit · EIN 20-0300913

NEW ART DEALERS ALLIANCE INC

Tax-exempt · NEW YORK, NY 10002

Financials

$3.9M$3.5M2023$4.1M$3.8M2024
Revenue Expenses · by fiscal year end
Financials of NEW ART DEALERS ALLIANCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,079,206$3,797,123$282,083$3,909,950$798,972$3,110,978
December 31, 2023990$3,886,561$3,508,315$378,246$3,321,048$492,153$2,828,895
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,573,019
Investment income
$1,161
Net rental income
$143,372
Net income from sales of inventory
$344,299
Other revenue
$505,026

Expenses

Grants and similar amounts paid
$14,594
Compensation of officers, directors and key employees
$226,065
Other salaries and wages
$409,851
Salaries, compensation and benefits (total)
$756,551
Professional fundraising fees
$0
Accounting fees
$40,808
Occupancy
$165,461
Travel
$151,472
Depreciation
$14,980

Balance sheet and other

Total assets, start of year
$3,321,048
Total assets, end of year
$3,909,950
Total liabilities, end of year
$798,972
Net assets, end of year
$3,110,978
Land, buildings and equipment
$106,524
Net assets without donor restrictions
$3,110,978
Gross receipts
$4,098,358
Employees
8
Volunteers
13
Year formed
2004
State of legal domicile
NY

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
HEATHER M HUBBSEXECUTIVE DIRECTOR
Officer
40$200,288$25,777
EBONY HAYNESCO-PRESIDENT
Trustee or director, Officer
1$0$0
JEFFREY ROSENCO-PRESIDENT
Trustee or director, Officer
1$0$0
STEPHAN BENOCHAMVICE PRESIDENT
Trustee or director, Officer
1$0$0
RENAUD PROCHTREASURER
Trustee or director, Officer
1$0$0
ADAM ABDALLABOARD MEMBER
Trustee or director
1$0$0
AUGUSTO ARBIZOBOARD MEMBER
Trustee or director
1$0$0
DANNY BAEZBOARD MEMBER
Trustee or director
1$0$0
JOEONNNA BELLDORADO SAMUELSBOARD MEMBER
Trustee or director
1$0$0
ARON GENTBOARD MEMBER
Trustee or director
1$0$0
AL MORANBOARD MEMBER
Trustee or director
1$0$0
ELLIE RINESBOARD MEMBER
Trustee or director
1$0$0
RACHEL UFFNERBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
HEATHER M HUBBSEXECUTIVE DIRECTOR
Officer
40$177,258$43,315
EBONY HAYNESCO-PRESIDENT
Trustee or director, Officer
1$0$0
JEFFREY ROSENCO-PRESIDENT
Trustee or director, Officer
1$0$0
STEPHAN BENOCHAMVICE PRESIDENT
Trustee or director
1$0$0
RENAUD PROCHTREASURER
Trustee or director, Officer
1$0$0
BRIDGET FINNSECRETARY
Trustee or director
1$0$0
ADAM ABDALLABOARD MEMBER
Trustee or director
1$0$0
AUGUSTO ARBIZOBOARD MEMBER
Trustee or director
1$0$0
DANNY BAEZBOARD MEMBER
Trustee or director
1$0$0
JOEONNNA BELLDORADO SAMUELSBOARD MEMBER
Trustee or director
1$0$0
ARON GENTBOARD MEMBER
Trustee or director
1$0$0
AL MORANBOARD MEMBER
Trustee or director
1$0$0
ELLIE RINESBOARD MEMBER
Trustee or director
1$0$0
RACHEL UFFNERBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
311 EAST BROADWAY 3RD FLOOR, NEW YORK, NY 10002-4971
Principal officer (990 for 2024)
HEATHER HUBBS, 311 EAST BROADWAY 3 FL, NEW YORK, NY 10002
Signed the 990
HEATHER HUBBS, DIRECTOR
Phone
(212) 594-0883
Return prepared by
LUTZ AND CARR CPAS LLP

Mission

THE MISSION OF NEW ART DEALERS ALLIANCE IS TO CREATE AN OPEN FLOW OF INFORMATION, SUPPORT, AND COLLABORATION WITHIN OUR FIELD AND TO DEVELOP A STRONGER SENSE OF COMMUNITY AMONG OUR CONSTITUENCY. WE BELIEVE THAT THE ADVERSARIAL APPROACH TO EXHIBITING AND SELLING ART HAS RUN ITS COURSE. WE BELIEVE THAT CHANGE CAN BE ACHIEVED THROUGH FOSTERING CONSTRUCTIVE THOUGHT AND DIALOGUE BETWEEN VARIOUS POINTS IN THE ART INDUSTRY FROM LARGE GALLERIES TO SMALL SPACES, NON-PROFIT AND COMMERCIAL ALIKE.

990 for the year ended December 31, 2024

Program accomplishments

  • NADA IS COMPRISED OF INDIVIDUAL ART PROFESSIONALS (YOUNG DIRECTORS OF ESTABLISHED GALLERIES, NONPROFIT ORGANIZATIONS, AND INDEPENDENT CURATORS) AS WELL AS YOUNG GALLERIES FROM AROUND THE WORLD. TO DATE, THERE ARE MORE THAN 100 MEMBERS FROM CITIES INCLUDING CHICAGO, LOS ANGELES, SAN FRANCISCO, TOKYO, LONDON, PARIS, MUNICH AND BERLIN, WITH THE LARGEST CONSTITUENCY BASED IN NEW YORK CITY. OUR YEAR-ROUND PROGRAMMING AND EDUCATIONAL INITIATIVES INCLUDES ARTIST TALKS, GALLERY WALKS WITH IMPORTANT CURATORS, BENEFITS SUPPORTING CHARITABLE INSTITUTIONS, MEMBERS-ONLY SEMINARS TO STIMULATE PROFESSIONAL DEDICATION AND ETHICS.EACH DECEMBER IN MIAMI, NADA RUNS A RENOWNED ART FAIR TO VIGOROUSLY PURSUE OUR GOALS OF EXPLORING NEW OR UNDEREXPOSED ART THAT IS NOT TYPICAL OF THE "ART ESTABLISHMENT." IT IS THE ONLY MAJOR AMERICAN ART FAIR TO BE RUN BY A NON-PROFIT ORGANIZATION. NADA'S FAIR IS HELD IN PARALLEL WITH ART BASEL MIAMI BEACH AND IS RECOGNIZED AS A MUCH NEEDED ALTERNATIVE ASSEMBLY OF THE WORLD'S YOUNGEST AND STRONGEST ART GALLERIES. AS THE PREMIERE SOURCE FOR INNOVATIVE AND NEW ARTWORK BY THE RISING STARS OF THE ART WORLD, THE FAIR ATTRACTS THE MOST INFLUENTIAL AND AFFLUENT CONSTITUENCY OF ART COLLECTORS. FAIR SALES HAVE QUADRUPLED FROM $1.8M IN 2003 TO MORE THAN $10M IN 2006 WITH OVER 18,000 ANNUAL ATTENDEES. THE CHARACTER OF THE NADA FAIR, THE FAIR EXHIBITORS, THE ECONOMIC MODEL AND THE NON-PROFIT STATUS OF THE FAIR TOGETHER MARK INNOVATIONS IN THE INDUSTRY.THE IDENTITY OF THE FAIR IS ONE OF "YOUTH APPEAL," WHICH HAS BEEN AN ATTRACTION TO ESTABLISHED, OLDER ART COLLECTORS AND YOUNGER, "NEXT GENERATION" COLLECTORS ALIKE. ESTABLISHED COLLECTORS OFTEN SEE THE FAIR AS A WAY OF ENGAGING WITH THIS "NEXT GENERATION AND THE YOUNGER COLLECTORS FEEL THAT THIS IS AN APPROACHABLE ENVIRONMENT FOR THEM TO GAIN ACCESS TO THE ART WORLD. AT THE CORE OF THE NEW ART DEALERS ALLIANCE IS A GENUINE CONCERN FOR THE FUTURE OF THE ARTS. NADA ENVISIONS THE INTERNATIONAL GROWTH OF ITS COMMUNITY TO BE BASED ON COLLABORATION, OPENNESS AND APPROACHABILITY. THE NADA FAIR ITSELF REPRESENTS AN EFFORT TOWARD COMMUNITY OUTREACH.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0300913
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,909,950
Income (IRS master file)
$4,098,358

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,079,206$3,797,123$3,909,950XML
990December 2023$3,886,561$3,508,315$3,321,048XML
990December 2022$4,317,611$3,185,579$2,709,134IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

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 20-0300913).

Questions about NEW ART DEALERS ALLIANCE INC

What is the EIN of NEW ART DEALERS ALLIANCE INC?
The employer identification number (EIN) of NEW ART DEALERS ALLIANCE INC is 20-0300913.
Is NEW ART DEALERS ALLIANCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2007.
Are donations to NEW ART DEALERS ALLIANCE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NEW ART DEALERS ALLIANCE INC 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 ART DEALERS ALLIANCE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW ART DEALERS ALLIANCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW ART DEALERS ALLIANCE INC?
The 990 for the year ended December 31, 2024 names HEATHER HUBBS.
Who are the officers and directors of NEW ART DEALERS ALLIANCE INC?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $200,288 (HEATHER M HUBBS, EXECUTIVE DIRECTOR).
How much revenue does NEW ART DEALERS ALLIANCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,079,206, expenses of $3,797,123 and total assets of $3,909,950 at year end.

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