2025-05-12T21:58:41-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2023-07-01 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 2025-05-12 1 1 GARRETT M HIGGINS P00543209 9082726200 2025-05-12 2023 2025-03-06 01:10:19Z MICHAEL L ROYCE 29 W 38TH STREET 9TH FLOOR NEW YORK NY 10018 16267465 0 X HTTPS://WWW.NYFA.ORG X 1971 NY TO EMPOWER ARTISTS IN ALL DISCIPLINES, AS WELL AS CULTURAL WORKERS, TO ACHIEVE SUCCESS ON THEIR OWN TERMS BY PROVIDING CRITICAL SUPPORT, RESOURCES, AND OPPORTUNITIES. 23 23 31 25 0 0 13111811 14268608 1908918 1784345 36785 39005 29460 -46584 15086974 16045374 11487062 9156995 0 0 2687203 2865237 0 0 757375 1405790 1503599 15580055 13525831 -493081 2519543 14671798 17967722 6881896 7481806 7789902 10485916 X ESTABLISHED IN 1971, THE MISSION OF THE NEW YORK FOUNDATION FOR THE ARTS (NYFA) IS TO EMPOWER ARTISTS IN ALL DISCIPLINES, AS WELL AS CULTURAL WORKERS, TO ACHIEVE SUCCESS ON THEIR OWN TERMS BY PROVIDING CRITICAL SUPPORT, RESOURCES, AND OPPORTUNITIES. NYFA ENVISIONS A WORLD WHERE ARTISTS THRIVE IN THE PRACTICE AND EXPRESSION OF THEIR CREATIVE WORK, A WORLD THAT CELEBRATES AND SUPPORTS THEM. OUR WORK CENTERS ON DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY, WHICH IS SERVED THROUGH FOUR FLAGSHIP PROGRAMS: LEARNING, AWARDS & GRANTS, FISCAL SPONSORSHIP, AND ONLINE RESOURCES. WE SERVE APPROXIMATELY 1 MILLION CONSTITUENTS IN PERSON AND ONLINE, ANNUALLY. 0 0 5376018 4961428 570918 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. 1157135 1065144 0 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. 866170 0 140772 NYFA LEARNING: NYFA LEARNING PROVIDES ARTISTS WITH PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THESE OPPORTUNITIES ARE PROVIDED THROUGH WORKSHOPS, MENTORING PROGRAMS, NETWORKING EVENTS, COLLABORATIONS, AND A VARIETY OF RESOURCES. 4454970 3130423 1072655 OTHER PROGRAMS: OTHER PROGRAMS PROVIDED BY THE FOUNDATION INCLUDE FELLOWSHIP GRANTS, THE RAUSCHENBERG MEDICAL RELIEF GRANTS TO ARTISTS AND DANCERS, AND ARTIST FUNDS SUCH AS THE LATINX FELLOWSHIP FUNDED TO THE MELLON AND FORD FOUNDATIONS. 4454970 3130423 1072655 11854293 1 1 0 0 0 0 0 0 0 1 1 0 0 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 1 733 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 SEBASTIANO 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 5.00 X 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 LESLIE BOYCE BOARD MEMBER 2.00 X 0 0 0 ALEXANDRA CHASIN BOARD MEMBER 2.00 X 0 0 0 ANNA DEAVERE SMITH BOARD MEMBER, THRU 10/2023 2.00 X 0 0 0 ALESSANDRA DIGIUSTO BOARD MEMBER 2.00 X 0 0 0 CHRISTOPHER DONINI BOARD MEMBER 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 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, THRU 1/2024 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 430586 0 19852 SEBASTIANO VITALE DIRECTOR OF FINANCE & ADMINISTRATION 50.00 X 145214 0 20739 FRED HUMPHREY CHIEF OPERATING OFFICER 40.00 X 109910 0 8189 LINDSAY SMILOW DIRECTOR OF DEVELOPMENT 40.00 X 101450 0 473 MOHAMMAD USMAN DIRECTOR OF TECHNOLOGIES 40.00 X 106986 0 0 894146 0 49253 5 0 1 0 0 305558 4420114 9542936 14268608 PROGRAM SERVICE FEES 561499 1115583 1115583 ADMINISTRATIVE FEES 561000 570918 570918 MIRLF INTEREST 561499 97844 97844 1784345 39005 39005 8286 0 8286 8286 8286 67356 67356 0 96675 305558 154735 -58060 -58060 MISCELLANEOUS INCOME 900099 3190 3190 3190 16045374 1784345 0 -7579 1134031 1134031 8022964 8022964 521678 157679 175852 188147 1922786 1216806 321755 384225 32093 28741 3352 217511 153500 40074 23937 171169 115130 35324 20715 40088 40088 633303 459781 153096 20426 7104 7104 100277 65009 26453 8815 201622 184993 8746 7883 257196 151725 49313 56158 24226 7990 15156 1080 2141 1416 725 64315 36017 11962 16336 28186 15731 5320 7135 PROJECT PRODUCTION 79732 78332 1400 HOSPITALITY 24233 10723 4857 8653 REPAIRS AND MAINTENANCE 21442 9881 7079 4482 MISCELLANEOUS EXPENSES 12516 3287 7803 1426 7218 557 5808 853 13525831 11854293 914163 757375 5608564 8782324 2596158 2549348 381202 382990 2628 4543 89087 23337 1940029 1883378 69963 56651 3208609 3637288 907232 869232 1808355 1662009 14671798 17967722 183783 231407 731000 726620 2917994 3470143 3049119 3053636 6881896 7481806 X 2638251 2660800 5151651 7825116 7789902 10485916 14671798 17967722 2519543 176471 0 X X 0 1 X 1 0 X 9206474 9865492 28104744 13111811 14268608 74557129 9206474 9865492 28104744 13111811 14268608 74557129 8624160 65932969 85234 67514 69206 51423 47291 320668 2683 76393 0 6615 0 85691 3190 3190 74966678 8407541 0.87950 0.90030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 855983 78595 2000 932578 793756 77227 15000 855983 806751 -1995 11000 793756 719891 4588 93272 11000 806751 697855 7972 20064 6000 719891 0.00000 0.57592 0.42408 0 0 375735 375735 0 1564294 1507643 56651 56651 RIGHT-OF-USE ASSET, OPERATING LEASE 1610668 SECURITY DEPOSITS 51341 1662009 OPERATING LEASE LIABILITY 1770520 DUE TO MIRLF 869232 DUE TO SPONSORED EMERGING ORGS. 413884 3053636 X 16221845 176471 176471 16045374 0 16045374 13525831 0 13525831 0 13525831 PART V, LINE 4: INVESTMENT RETURN ON PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE INTENDED FOR THE PURPOSE OF ADMINISTERING GRANTS TO ARTISTS. BEGINNING OF THE YEAR ENDOWMENT FUNDS WERE RESTATED. 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. NYFA HALL OF FAME 402233 305558 96675 120744 33991 402233 305558 96675 120744 33991 154735 -58060 1 LENAPE CENTER 21 EAST 92ND STREET 2 NEW YORK NY 10128 455282136 501(C)(3) 649673 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) 151506 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 121488 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 70315 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS YOUTH ARTS NEW YORK INC PO BOX 363 NEW YORK NY 10011 202662433 501(C)(3) 56785 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 44374 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) 13882 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 10670 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS CIRCUMFERENCE 382 NORTHFIELD ROAD LITCHFIELD CT 06759 421580148 8167 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS AFGHAN CULTURE MUSEUM FOUNDATION 16192 COASTAL HIGHWAY LEWES DE 19958 271259903 7171 0 FISCAL SPONSORSHIP TO ALLOW EMERGING ARTS ORGANIZATIONS TO FUNDRAISE UNDER NYFA AND ACCOMPLISH THEIR ART PROJECTS 4 6 FISCALLY SPONOSRED ARTIST PROJECTS 288 3829398 RAUSCHENBERG MEDICAL RELEIF GRANTS TO ARTISTS AND DANCERS 362 1090861 MADE IN NYC WOMEN'S GRANTS 170 1065143 NYSCA NYFA FELLOWSHIP AWARDS 86 687000 ARTIST FUND GRANTS (INCLUDES LATINX FELLOWSHIP AWARDS) 55 537320 QUEENS ART FUND 153 457900 ANONYMOUS WAS A WOMEN GRANTS 53 279842 JOY OF GIVING AWARD 5 40000 NYSCA PROJECTS 2 19500 RYAN HUDAK AWARD 1 10000 NYSCA DISABILITY GRANTS 6 6000 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 313086 0 117500 0 0 0 12523 0 7329 0 450438 0 0 0 SEBASTIANO VITALE DIRECTOR OF FINANCE & ADMINISTRATION 120214 0 25000 0 0 0 4809 0 15930 0 165953 0 0 0 PART I, LINE 7 THE ORGANIZATION AWARDED A DISCRETIONARY BONUS, BASED ON PERFORMANCE, TO THE CHIEF EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE & ADMINISTRATION 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 ACCOUNTANTS. 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 AUGUST 31, 2023. FORM 990, PART VI, SECTION C, LINE 19 NEW YORK FOUNDATION FOR THE ARTS, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY MAKING 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: THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.