2024-04-15T09:55:37-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 132590805 THE STUDIO MUSEUM IN HARLEM STUD 2128644500 144 WEST 125TH STREET NEW YORK NY 10027 DEBRA A WHITE GENERAL COUNSEL AND COO 2128644500 2024-04-15 1 DEBRA WHITE 999009999 1 EVA MRUK P00543254 2122862600 2024-04-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAYMOND J MCGUIRE 144 WEST 125TH STREET NEW YORK NY 10027 59386250 0 X WWW.STUDIOMUSEUM.ORG X 1967 NY THE NEXUS FOR ARTISTS OF AFRICAN DESCENT, LOCALLY, NATIONALLY, AND INTERNATIONALLY, AND FOR WORK THAT HAS BEEN INSPIRED AND INFLUENCED BY BLACK CULTURE. 29 29 119 29 0 0 57770204 42821762 72000 271955 2165989 2050929 -93513 2075963 59914680 47220609 121519 216750 0 0 6535398 7236330 228450 247450 2303743 6528905 8464199 13414272 16164729 46500408 31055880 196634585 254906032 13746362 39217088 182888223 215688944 X THE STUDIO MUSEUM IN HARLEM IS A CONTEMPORARY ART MUSEUM THAT FOCUSES ON THE WORK OF ARTISTS OF AFRICAN DESCENT - AS WELL AS WORK THAT HAS BEEN INSPIRED AND INFLUENCED BY AFRICAN CULTURE - PAST AND PRESENT; THROUGH ITS EXHIBITIONS, ARTIST-IN-RESIDENCE PROGRAMS, EDUCATION ANDPUBLIC PROGRAMMING, PERMANENT COLLECTION AND ARCHIVAL AND RESEARCH FACILITIES. THE STUDIO MUSEUM IN HARLEM IS COMMITTED TO SERVING AS A UNIQUE RESOURCE TO ITS LOCAL COMMUNITY, AND TO NATIONAL AND INTERNATIONAL ARENAS, BY MAKING ART AND EXHIBITIONS CONCRETE AND PERSONAL FOR EACH VIEWER. THE MUSEUM PROVIDES A CONTEXT WITHIN WHICH TO ADDRESS CONTEMPORARY AND HISTORICAL ISSUES, PRESENTED TROUGH ART, CREATED BY ARTISTS OF AFRICAN DESCENT. 0 0 3585714 0 271955 CURATORIAL: THROUGH CURATORIAL PROJECTS IN FY23, THE STUDIO MUSEUM PRESENTED EXHIBITIONS THAT EMBODIED OUR COMMITMENT TO CHAMPIONING ARTISTS OF AFRICAN DESCENT AND OFFERED FRESH PERSPECTIVES ON CONTEMPORARY ART FOR OUR COMMUNITIES. THE MUSEUM REMAINS AT THE FOREFRONT OF THE CONTEMPORARY ART WORLD THROUGH ITS DETERMINATION TO SHARE A DIVERSE ARRAY OF ARTISTS' PERSPECTIVES, MEDIA, AND CONTENT. THE STUDIO MUSEUM'S ARTIST-IN-RESIDENCE PROGRAM RETURNED TO THEIR STUDIOS AT STUDIO MUSEUM 127 WITH THE THREE PARTICIPATING ARTISTS RECEIVING CRITICAL EARLY-CAREER SUPPORT INCLUDING MENTORSHIP FROM MUSEUM STAFF, A STIPEND, AND A CULMINATING EXHIBITION. THROUGH THE EXPANSION OF THE PERMANENT COLLECTION AND ARCHIVAL RESOURCES AVAILABLE ON OUR WEBSITE, CURATORIAL PROJECTS SERVED AS A SPRINGBOARD TO ACTIVATE DIALOGUE BETWEEN CURATORS, ARTISTS, AND LOCAL, NATIONAL, AND INTERNATIONAL AUDIENCES. 1811556 0 0 CAPITAL PROJECT: THE STUDIO MUSEUM IS CURRENTLY CONSTRUCTING THE FIRST BUILDING IN ITS HISTORY CREATED EXPRESSLY FOR THE NEEDS OF THE INSTITUTION AND ITS COMMUNITIES. DESIGNED BY ADJAYE ASSOCIATES WITH COOPER ROBERTSON, THE NEW BUILDING OCCUPIES THE SITE ON WEST 125TH STREET ON WHICH THE STUDIO MUSEUM HAD BEEN OPERATING SINCE 1982, IN A CENTURY-OLD COMMERCIAL STRUCTURE ADAPTED BY THE CELEBRATED ARCHITECT J. MAX BOND, JR. UNDERTAKEN AS A PUBLIC-PRIVATE INITIATIVE IN PARTNERSHIP WITH THE CITY OF NEW YORK, THE NEW 82,000-SQUARE-FOOT BUILDING WILL ENABLE THE STUDIO MUSEUM TO: EXPAND ITS INTERNATIONALLY RENOWNED EXHIBITIONS AND, FOR THE FIRST TIME, SIMULTANEOUSLY ENABLE IT TO DISPLAY INSTALLATIONS FROM ITS UNPARALLELED PERMANENT COLLECTION; OFFER INCREASED EDUCATIONAL OPPORTUNITIES AND PUBLIC PROGRAMS FOR ITS GROWING AND DIVERSE AUDIENCE; WELCOME VISITORS WITH AN ENHANCED EXPERIENCE; AND ESTABLISH A DISTINGUISHED ARCHITECTURAL PRESENCE ON WEST 125TH STREET, AS A CULTURAL ANCHOR FOR THE HARLEM COMMUNITY. ADDITIONALLY, SPACE FOR EXHIBITIONS AND THE MUSEUM'S SIGNATURE ARTIST-IN-RESIDENCE PROGRAM WILL MORE THAN DOUBLE, AND INDOOR AND OUTDOOR PUBLIC SPACE (INCLUDING SPACE FOR EDUCATIONAL ACTIVITIES AND OTHER PROGRAMS) WILL INCREASE BY ALMOST SEVENTY PERCENT. 1130014 43575 0 LEARNING & ENGAGEMENT: OUR EDUCATION DEPARTMENT REMAINED DEDICATED TO TRANSFORMING CLASSROOMS AND HOMES INTO EXPLORATIVE LABORATORIES WHERE SCHOOLCHILDREN, FAMILIES, AND YOUTH AUDIENCES CAN EXPERIENCE ART BEYOND MUSEUM WALLS. IN FY23, WE WORKED CLOSELY ALONGSIDE OUR SCHOOL & COMMUNITY PARTNERS TO OFFER SESSIONS WITH ARTIST EDUCATORS THAT FOCUSED ON CARE AND PLAY WHILE OFFERING ALTERNATIVE WAYS OF THINKING ABOUT ART MAKING AND CREATIVITY. THIS WORK WAS COMPLEMENTED BY DOWNLOADABLE LESSON PLANS AND RESOURCES MADE AVAILABLE ON OUR WEBSITE TO PROVIDE A "MUSEUM FROM HOME" EXPERIENCE. STUDIO MUSEUM INSTITUTE PROGRAMS CONTINUED IN A HYBRID FORMAT AND REMAINED A SITE FOR INCUBATION, IDEATION, AND SUPPORT THROUGH FELLOWSHIP, INTERNSHIP, MUSEUM PROFESSIONALS SEMINAR, AND MUSEUM EDUCATION PRACTICUM OPPORTUNITIES. THE INSTITUTE ALSO INTRODUCED A NEW CONVENING, MUSEUMS AS SYSTEMS, THAT OFFERED PANEL DISCUSSIONS ENCOURAGING ATTENDEES TO ENGAGE WITH AND BE MOTIVATED BY THE STUDIO MUSEUM'S MISSION. EXPANDING THE WALLS SUPPORTED 16 LOCAL TEENS IN DEFINING THEIR ARTISTIC PRACTICES DURING THE 8-MONTH COURSE, CULMINATING IN AN EXHIBITION ON THE MUSEUM'S WEBSITE. THE PUBLIC PROGRAMS DEPARTMENT ORGANIZED FREE PUBLIC EVENTS IN CONNECTION WITH OUR EXHIBITION PROGRAMMING FEATURING ARTISTS, CURATORS, AND SCHOLARS. 2642256 173175 118788 EXHIBITIONS: THOMAS J PRICE: WITNESS CLOSED A YEAR-LONG PROJECT IN MARCUS GARVEY PARK IN OCTOBER 2022. THROUGH OUR MULTI-YEAR PARTNERSHIP WITH THE MUSEUM OF MODERN ART, WE PRESENTED PROJECTS: MING SMITH, AN EXHIBITION CULLED FROM THE ARTIST'S ARCHIVE, IT FEATURED A CRITICAL REINTRODUCTION TO THIS HARLEM-BASED PHOTOGRAPHER WHO HAS BEEN WORKING SINCE THE 1970S. IT'S TIME FOR ME TO GO: STUDIO MUSEUM ARTISTS IN RESIDENCE 2021-22 FEATURED THE WORK OF THIS COHORT CREATED WHILE IN RESIDENCE AND WAS ON VIEW NOVEMBER 2022-FEBRUARY 2023 AT MOMA PS1. OUR SIGNATURE HARLEM POSTCARDS SERIES CONTINUED IN ITS ONLINE FORMAT, FEATURING TWO SEASONS OF NEW WORK BY CONTEMPORARY ARTISTS. COMMUNICATIONS, RETAIL AND VISITOR SERVICES WORKED CLOSELY WITH OUR CORE PROGRAMS TO EXPAND ENGAGEMENT WITH THE MUSEUM'S ACTIVITIES. THE COMMUNICATIONS TEAM WORKED ON AN INSTITUTIONAL REBRAND AND REDESIGN OF THE WEBSITE IN PREPARATION FOR THE OPENING OF OUR NEW BUILDING. THE RETAIL TEAM WORKED WITH ARTISTS AND DEVELOPED DESIGN PARTNERSHIPS TO CREATE PRODUCT CAPSULES AND PRODUCTS FOR THE ONLINE STORE. THE TEAM IS PREPARING TO OPEN A BRICK-AND-MORTAR STORE THAT WILL RESIDE IN THE NEW BUILDING. 2642256 173175 118788 9169540 1 1 0 1 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 126 0 119 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA GA FL IL NJ X X X TONY WONG 2128644500 144 WEST 125TH STREET NEW YORK NY 10027 RAYMOND J MCGUIRE CHAIRMAN 2.00 0.00 X X 0 0 0 CAROL SUTTON LEWIS VICE-CHAIR 2.00 0.00 X X 0 0 0 RODNEY M MILLER SR TREASURER 2.00 2.00 X X 0 0 0 JACQUELINE L BRADLEY SECRETARY 2.00 0.00 X X 0 0 0 NICHOLAS ANTOINE TRUSTEE 1.00 0.00 X 0 0 0 LAURA DAY BAKER TRUSTEE 1.00 0.00 X 0 0 0 DR ANITA BLANCHARD TRUSTEE 1.00 0.00 X 0 0 0 PETER A BOYCE II TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN C CHENAULT TRUSTEE 2.00 0.00 X 0 0 0 JOAN S DAVIDSON TRUSTEE 1.00 0.00 X 0 0 0 GORDON J DAVIS ESQ TRUSTEE 2.00 0.00 X 0 0 0 DAMIEN R DWIN TRUSTEE 2.00 0.00 X 0 0 0 DR HENRY LOUIS GATES JR TRUSTEE 1.00 0.00 X 0 0 0 SANDRA GRYMES TRUSTEE 1.00 0.00 X 0 0 0 ARTHUR J HUMPHREY JR TRUSTEE 1.00 0.00 X 0 0 0 RUSS HUTCHINSON TRUSTEE 1.00 0.00 X 0 0 0 CC MELVIN IKE TRUSTEE 1.00 0.00 X 0 0 0 GEORGE L KNOX TRUSTEE 1.00 0.00 X 0 0 0 DR MICHAEL L LOMAX TRUSTEE 1.00 0.00 X 0 0 0 BERNARD I LUMPKIN TRUSTEE 1.00 0.00 X 0 0 0 SUZANNE MCFAYDEN TRUSTEE 1.00 0.00 X 0 0 0 DR AMELIA OGUNLESI TRUSTEE 2.00 0.00 X 0 0 0 HOLLY PETERSON TRUSTEE 2.00 0.00 X 0 0 0 VICTORIA ROGERS TRUSTEE 1.00 0.00 X 0 0 0 TROY TAYLOR TRUSTEE 1.00 0.00 X 0 0 0 ANN G TENENBAUM TRUSTEE 1.00 0.00 X 0 0 0 REGINALD VAN LEE TRUSTEE 2.00 0.00 X 0 0 0 LISE WILKS TRUSTEE 1.00 0.00 X 0 0 0 DANIELLE COOPER WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 THELMA A GOLDEN DIRECTOR AND CHIEF CURATOR 40.00 2.00 X 545652 0 77265 CHAKSHU PATEL CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 276146 0 45956 MONISHA DE QUADROS CHIEF FIN & OP OFFICER, THRU 5/11/23 40.00 5.00 X 266220 0 45486 DEBRA A WHITE GENERAL COUNSEL & CHIEF STRATEGY OFFICER 40.00 2.00 X 266110 0 17378 JODI HANEL DIRECTOR OF DEVELOPMENT 40.00 0.00 X 138393 0 44485 ALICE E MCCLELLAND DIRECTOR OF CAPITAL PROJECTS 40.00 0.00 X 124367 0 39769 KENDELL BURROUGHS CONTROLLER 40.00 0.00 X 129833 0 31730 SHANTA LAWSON SR. DIR. OF LEARNING & ENGAGEMENT 40.00 0.00 X 120725 0 18067 1867446 0 320136 8 0 1 0 SCIAME CONSTRUCTION LLC 14 WALL STREET 2ND FLOOR NEW YORK NY 10005 CONSTRUCTION SERVICES 26266637 COOPER ROBERTSON 123 WILLIAM STREET NEW YORK NY 10038 ARCHITECTURAL DESIGN SERVICES 767784 ZUBATKIN OWNER REPRESENTATION LLC 333 WEST 52ND STREET 6TH FLOOR NEW YORK NY 10019 PROJECT MANAGEMENT SERVICES 761253 HIRANI ENGINEERING & LAND SURVEYING 120 WEST JOHN STREET HICKSVILLE NY 11801 ENGINEERING SERVICES 535533 PENNINGTON GRAY 7 WINSTON FARM LANE FAR HILLS NJ 07931 FUNDRAISING SERVICES 231795 20 115522 1457453 22481087 18767700 338284 42821762 SPEAKING ENGAGEMENT FEES 712110 139000 139000 MEMBERSHIPS 712110 112955 112955 EXHIBITON FEES 712110 20000 20000 271955 2379462 2379462 7112 7112 10973397 11301930 -328533 -328533 -328533 2691500 1457453 790183 1901317 1901317 192316 73528 118788 118788 INSURANCE REIMBUREMENT 900099 21112 21112 REFUNDS 900099 14375 14375 LOAN FEES 900099 8840 8840 4419 4419 48746 47220609 390743 0 4008104 216750 216750 1564012 376245 736519 451248 4288762 2590649 1003230 694883 302717 166872 96637 39208 657376 323255 215364 118757 423463 197019 146426 80018 94936 94936 140612 140612 108050 108050 247450 247450 148739 148739 1154512 741523 249538 163451 673165 509891 27109 136165 871866 257799 325832 288235 405607 223025 145983 36599 2681263 1744154 937109 146849 65743 64640 16466 20768 6770 13659 339 92345 92345 95121 9460 85661 ART ACQUISITION/STORAGE 1698297 1697692 605 FOOD 59313 28274 17967 13072 RECEPTIONS/EVENTS 39569 250 21927 17392 STAFF DEVELOPMENT 28216 9198 18558 460 4971 4971 16164729 9169540 4691446 2303743 5728389 7423000 45494408 33691642 29940463 28724063 6702733 6702733 58526 89501 226603 268802 110437684 1443224 70325130 108994460 37825645 51118032 332688 17893799 196634585 254906032 643355 1069921 5395795 9100553 7707212 29046614 13746362 39217088 X 96998471 138559440 85889752 77129504 182888223 215688944 196634585 254906032 X 31055880 1801231 -56390 X X 0 1 X 1 0 X 17739728 12929659 38043942 57770204 42821762 169305295 94050 94050 17739728 12929659 38043942 57770204 42915812 169399345 29456835 139942510 452008 783537 1049870 2133392 2386574 6805381 1362226 1626404 74811 1901317 4964758 43596 13307 130035 26501 48746 262185 181431669 639622 0.77130 0.77490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 108050 108050 0 PART II-B, LINE 1: IN FISCAL YEAR 2023, THE ORGANIZATION CONTRACTED WITH TWO LOBBYIST FIRMS TO LOBBY NEW YORK STATE AND MUNICIPAL GOVERNMENTS ON ITS BEHALF. X X X X 0 46716993 184283 2566840 50000 49418116 37155478 15057007 1582584 7078076 46716993 81899304 14135103 3376558 18420408 80990557 89044229 6870186 847004 14862115 81899304 86631098 12863564 742328 11192761 89044229 0.22446 0.03369 0.74186 0 0 559484 192027 367457 1369640 1251197 118443 108508560 108508560 108994460 LEVERAGE LOAN INTEREST RECEIVABLE 18498 SECURITY DEPOSITS 277126 OTHER RECEIVABLES 76593 RIGHT OF USE ASSETS - OPERATING LEASES 17521582 17893799 CONSTRUCTION CONTRACTS PAYABLE 10798140 LEASE LIABILITIES - OPERATING LEASES 18248474 29046614 X 49269395 1801231 94050 406244 2301525 46967870 148739 104000 252739 47220609 15946094 94050 377011 471061 15475033 148739 540957 689696 16164729 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, EXHIBIT, AND CURATORIAL PURPOSES. PROCEEDS FROM THE SALES OF THE COLLECTION ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. CONTRIBUTIONS FOR THE PURCHASE OF ITEMS FOR THE COLLECTIONS AND EXHIBITS ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL ACQUISITIONS ARE MADE. THE MUSEUM'S COLLECTIONS AND EXHIBITS ARE NOT CAPITALIZED IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF ITEMS ARE EXPENSED IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. THE COST OF THESE ITEMS PURCHASED IS REPORTED AS A SEPARATE PROGRAM EXPENSE. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE PERMANENT COLLECTION OF THE STUDIO MUSEUM IN HARLEM TOTALS AROUND 9,000 OBJECTS IN ALL MEDIA, INCLUDING PAINTINGS, SCULPTURES, PHOTOGRAPHS, WORKS ON PAPER, INSTALLATIONS, VIDEO, AND PERFORMANCE. THE COLLECTION REFLECTS THE GIFTS AND PURCHASES MADE THROUGHOUT ITS HISTORY BY VARIOUS DONORS AND SUPPORTERS AND DOCUMENTS THE CONTRIBUTIONS OF ARTISTS OF AFRICAN DESCENT TO WORLD ART HISTORY. PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO STRENGTHEN THE MUSEUM IN THE LONG TERM BY GENERATING ANNUAL OPERATING REVENUE SUPPORTING EXHIBITIONS, RESEARCH AND PUBLICATIONS, THE SIGNATURE ARTIST-IN-RESIDENCE PROGRAM, AND EDUCATION INITIATIVES. PART X, LINE 2: THE ORGANIZATION IS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS WHICH CONTAIN THE FOLLOWING FOOTNOTE TEXT REGARDING THE LIABILITY FOR UNCERTAIN TAX POSITIONS: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATIONS OF ITS TAX STATUS AS ORGANIZATIONS EXEMPT FROM INCOME TAX, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENTS EXPENSES 228,713. COST OF STUDIO STORE MERCHANDISE SOLD 73,528. REVENUE OF RELATED ORGANIZATION INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 104,003. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 104,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENTS EXPENSES 228,713. COST OF STUDIO STORE MERCHANDISE SOLD 73,528. UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE 56,390. EXPENSES OF RELATED ORGANIZATION INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 18,380. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 540,957. X X X X X X X 1 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 CAPITAL CAMPAIGN 0 19975000 180000 19795000 PENNINGTON GRAY 7 WINSTON FARM LANE FAR HILLS NJ 07931 ANNUAL FUND PLANNING 0 244350 67450 176900 20219350 247450 19971900 CA CT FL GA IL NJ NY GALA 3402203 1054203 2348000 159814 134719 119064 261077 SPRING LUNCHEON 746750 403250 343500 19467 66440 23728 5874 4148953 1457453 2691500 179281 201159 142792 266951 790183 1901317 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE AGREEMENT WITH PENNINGTON GRAY PROVIDES FOR PAYMENT OF FEES OF $4,000 PER MONTH. THE AGREEMENT ALSO PROVIDES FOR THE PAYMENT OF REASONABLE OUT-OF-POCKET EXPENSES WITH PRIOR APPROVAL FROM THE ORGANIZATION. THE AGREEMENT WITH SUSAN COURTEMANCHE PROVIDES FOR THE PAYMENT OF A $15,000 PER MONTH RETAINER THROUGH 6/30/23 FOR CONSULTING FEES, AND DOES NOT PROVIDE FOR THE PAYMENT OF EXPENSES. 1 WEIN PRIZE 2 100000 ARTIST-IN-RESIDENCE STIPENDS 8 77000 JOY OF GIVING SOMETHING SCHOLARSHIP 4 24000 EXPANDING THE WALLS 17 8500 MUSEUM PROFESSIONAL SEMINAR 29 7250 PART I, LINE 2: ARTISTS-IN-RESIDENCE: FROM OCTOBER TO SEPTEMBER EACH YEAR, THE MUSEUM OFFERS AN ELEVEN-MONTH RESIDENCY TO THREE ARTISTS WORKING IN ANY MEDIA. INDIVIDUALS SELECTED FOR THE RESIDENCY RECEIVE INSTITUTIONAL GUIDANCE AND PROFESSIONAL DEVELOPMENT, RESEARCH SUPPORT, STUDIO SPACE, AND A STIPEND PAID OUT OVER THE COURSE OF THE RESIDENCY. IN ADDITION TO THEIR TIME IN THE STUDIO, ARTISTS PARTICIPATE IN MUSEUM PUBLIC PROGRAMS AND EDUCATIONAL STUDIO VISITS WITH COMMUNITY PARTNERS. THE RESIDENCY CULMINATES WITH A GROUP EXHIBITION FEATURING ARTWORKS MADE BY EACH OF THE ARTISTS DURING THEIR TIME IN THE PROGRAM. EXPANDING THE WALLS: THE ORGANIZATION PROVIDES CASH STIPENDS TO PARTICIPANTS IN THE EXPANDING THE WALLS PROGRAM. PARTICIPANTS ARE TEENS WHO LIVE OR ATTEND HIGH SCHOOLS OR EQUIVALENCY PROGRAMS IN HARLEM AND THE SURROUNDING AREA. JOY OF GIVING SOMETHING SCHOLARSHIP: COLLEGE SCHOLARSHIPS WERE AWARDED TO PARTICIPANTS IN THE ORGANIZATION'S EXPANDING THE WALLS PROGRAM. SCHOLARSHIP AWARDS WERE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. WEIN PRIZE: PRESENTED EACH YEAR AT THE STUDIO MUSEUM'S FALL GALA, THE AWARD RECOGNIZES AND HONORS THE ARTISTIC ACHIEVEMENTS OF AN AFRICAN-AMERICAN ARTIST WHO DEMONSTRATES GREAT INNOVATION, PROMISE, AND CREATIVITY. THE PRIZE INCLUDES AN UNRESTRICTED MONETARY AWARD OF $50,000. MUSEUM PROFESSIONAL SEMINAR: FIFTEEN APPLICANTS WILL BE SELECTED FOR THIS PROGRAM. THERE WILL BE ADDITIONAL PARTICIPANTS FROM THE STUDIO MUSEUM INTERN SEASON, ALL OF WHOM WILL PARTICIPATE EQUALLY IN THE PROGRAM AND CREATE THE LARGER MUSEUM PROFESSIONALS SEMINAR COHORT. X X X 0 0 0 0 0 0 0 1 0 THELMA A GOLDEN DIRECTOR AND CHIEF CURATOR 319471 0 225000 0 1181 0 60568 0 16697 0 622917 0 0 0 CHAKSHU PATEL CHIEF ADVANCEMENT OFFICER 275767 0 0 0 379 0 30652 0 15304 0 322102 0 0 0 MONISHA DE QUADROS CHIEF FIN & OP OFFICER, THRU 5/11/23 265846 0 0 0 374 0 29550 0 15936 0 311706 0 0 0 DEBRA A WHITE GENERAL COUNSEL & CHIEF STRATEGY OFF 264471 0 0 0 1639 0 0 0 17378 0 283488 0 0 0 JODI HANEL DIRECTOR OF DEVELOPMENT 138119 0 0 0 274 0 15362 0 29123 0 182878 0 0 0 ALICE E MCCLELLAND DIRECTOR OF CAPITAL PROJECTS 123715 0 0 0 652 0 13805 0 25964 0 164136 0 0 0 KENDELL BURROUGHS CONTROLLER 129592 0 0 0 241 0 14412 0 17318 0 161563 0 0 0 PART I, LINE 7 EMPLOYEES RECEIVED BONUSES IN THEIR 2022 W-2S AS REPORTED IN PART II, COLUMN (B)(II). X 5 338284 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE ORGANIZATION'S GENERAL COUNSEL & CHIEF OPERATING OFFICER, SENIOR DIRECTOR OF FINANCE, AND CONTROLLER. A COMPLETE COPY IS ALSO PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MUSEUM HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO OFFICERS, TRUSTEES, AND KEY EMPLOYEES WHO ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICT. THE MUSEUM REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SUCH PERSONS MUST DISCLOSE TO THE CHAIRMAN AND THE EXECUTIVE COMMITTEE ANY RELATIONSHIP, INCLUDING BUT NOT LIMITED TO THE OWNERSHIP OF WORKS OF ART, THEY MAY HAVE TO ANY ARTIST, LIVING OR DEAD, WHOSE WORK IS UNDER CONSIDERATION FOR EXHIBITION, ACQUISITION OR DISPOSITION BY THE MUSEUM. THE EXECUTIVE COMMITTEE DETERMINES WHETHER ANY CONFLICT OF INTEREST EXISTS PRIOR TO SUCH EXHIBITION, ACQUISITION OR DISPOSITION. SUCH PERSONS MUST ALSO CONSULT WITH THE CHAIRMAN WITH RESPECT TO ANY ACTUAL, POTENTIAL OR PERCEIVED CONFLICT OF INTEREST ISSUE WHICH IS EITHER NOT COVERED BY THE PRECEDING GUIDELINES OR WHICH THERE ARE QUESTIONS OR CONCERNS. THE EXISTENCE AND RESOLUTION OF ANY CONFLICT OF INTEREST IS DOCUMENTED IN THE MUSEUM'S RECORDS, INCLUDING THE MINUTES OF ANY MEETING AT WHICH THE CONFLICT WAS DISCLOSED OR VOTED UPON. NO PERSON WITH A CONFLICT OF INTEREST MAY BE PRESENT AT, PARTICIPATE IN, OR ATTEMPT TO IMPROPERLY INFLUENCE ANY BOARD OR COMMITTEE DELIBERATIONS, OR VOTING ON A MATTER INVOLVING A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 INDUSTRY COMPENSATION DATA IS COMPILED, INCLUDING FROM THE ASSOCIATION OF ART MUSEUM DIRECTORS ANNUAL SALARY SURVEY, TO HELP DETERMINE COMPENSATION OF THE DIRECTOR AND CHIEF CURATOR, OFFICERS, AND KEY EMPLOYEES OF THE MUSEUM. AN AD HOC COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THIS DATA ANNUALLY TO DETERMINE THE COMPENSATION OF THE DIRECTOR AND CHIEF CURATOR. THEIR FINDINGS AND RECOMMENDATIONS ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF THIS PROCESS. THIS ASSESSMENT WAS LAST CONDUCTED IN DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM MAKES FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND ARE THESE DOCUMENTS AND ARE ALSO AVAILABLE UPON REQUEST. THE MUSEUM DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE -56,390. FORM 990, PART XII, LINE 2C: THE MUSEUM HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SMH SUPPORT CORPORATION 144 WEST 125TH STREET NEW YORK NY 10027 832124849 REAL ESTATE HOLDING NY 501(C)(3) LINE 12A, I THE STUDIO MUSEUM IN HARLEM 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 SMH SUPPORT CORPORATION K 104000 COST