2026-04-14T16:10:27-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-07-01 132590805 THE STUDIO MUSEUM IN HARLEM STUD 2128644500 144 WEST 125TH STREET NEW YORK NY 10027 DEBRA A WHITE GENERAL COUNSEL AND COO 2128644500 2026-04-14 1 1 EVA MRUK P00543254 2122862600 2026-04-14 2024 2025-03-06 01:10:19Z THELMA GOLDEN 144 WEST 125TH STREET NEW YORK NY 10027 71706684 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. 31 31 107 31 0 0 38443941 58723199 217590 24620 2959597 2006721 1764391 995297 43385519 61749837 294536 118295 0 0 8587044 8985080 180000 120000 2774139 8542291 9672010 17603871 18895385 25781648 42854452 300541938 327699597 55761521 40131321 244780417 287568276 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 AND PUBLIC 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 THROUGH ART, CREATED BY ARTISTS OF AFRICAN DESCENT. 0 0 2483312 35983 0 CURATORIAL: THROUGH CURATORIAL PROJECTS IN FY25, 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 PROVIDED THREE EMERGING ARTISTS 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. MUCH OF FY25 WAS SPENT ON PREPARING FOR THE OPENING OF OUR NEW BUILDING IN NOVEMBER 2025. THE CURATORIAL TEAM FINALIZED CHECKLISTS, DIDACTICS, AND PRODUCTION FOR OVER A DOZEN EXHIBITIONS AND PROJECTS AND BEGAN INSTALLATION. THE DEPARTMENT ALSO SENT TWO PUBLICATIONS TO PRINT, THE FIRST COLLECTION HANDBOOK IN FIFTEEN YEARS AND THE FIRST EXHIBITION CATALOGUE FOR THE ARTIST TOM LLOYD AND BEGAN WORKING ON TWO OTHER PUBLICATIONS, ON THE ARTIST MAVIS PUSEY AND ON THE MUSEUM'S HISTORY, BOTH OF WHICH WILL COME OUT IN FY27. FROM MAY TO OCTOBER 2024, THROUGH OUR MULTI-YEAR PARTNERSHIP WITH THE MUSEUM OF MODERN ART, WE PRESENTED PROJECTS: TADSKI, WHICH FEATURED THE ARTIST'S EXPANSIVE UNBOUND BOOK, AVE PRETA MISTICA / MYSTICAL BLACK BIRD (2022), IN DIALOGUE WITH A MONUMENTAL WALL DRAWING AND A SET OF SCULPTURES MADE IN RESPONSE TO THE GALLERY SPACE. PASS CARRY HOLD: STUDIO MUSEUM ARTISTS IN RESIDENCE 2023-24 FEATURED THE WORK OF THIS COHORT CREATED WHILE IN RESIDENCE AND WAS ON VIEW SEPTEMBER 2024 / FEBRUARY 2025 AT MOMA PS1. BETWEEN MATTER AND MEMORY: EXPANDING THE WALLS 2023 (AUGUST 2023 / JULY 2024) AND SOMETHING IN THE WATER: EXPANDING THE WALLS 2024 (JULY 2024 / JULY 2025), THE EXHIBITIONS FOR OUR SIGNATURE TEEN PROGRAM, EXPANDING THE WALLS: MAKING CONNECTIONS BETWEEN PHOTOGRAPHY, HISTORY, AND COMMUNITY, WERE ON VIEW ONLINE, AND THE HARLEM POSTCARDS SERIES ALSO CONTINUED IN ITS ONLINE FORMAT. 2162754 961 0 COLLECTION MANAGEMENT: IN CONJUNCTION WITH THE CURATORIAL TEAM, COLLECTION MANAGEMENT ALSO SPENT MOST OF FY25 PREPARING FOR THE NOVEMBER 2025 BUILDING OPENING, PROVIDING LABOR AND LOGISTICS FOR THE INSTALLATION OF THE INAUGURAL EXHIBITIONS INCLUDING TOM LLOYD, FROM NOW: A COLLECTION IN CONTEXT, AND TO BE A PLACE, IN ADDITION TO NEWLY-COMMISSIONED WORKS BY CAMILLE NORMENT, CHRISTOPHER MYERS AND KAPWANI KIWANGA. COLLECTION MANAGEMENT ALSO CONTINUED ITS LONG-TERM PROJECT OF INVENTORYING WORKS, PHOTOGRAPHING THEM, CONDUCTING CONDITION REPORTS, AND SHIPPING OBJECTS TO CONSERVATORS AND FRAMERS. THIS ENABLED THE TEAM TO CONSERVE AND RESTORE VULNERABLE WORKS IN THE COLLECTION. 2017968 31350 2650 LEARNING AND ENGAGEMENT: IN FY25, THE LEARNING AND ENGAGEMENT DEPARTMENT CONTINUED TO DEEPEN CONNECTIONS BETWEEN ART AND COMMUNITY THROUGH PROGRAMS DESIGNED TO NURTURE CREATIVITY, EXPAND ACCESS, AND SUPPORT AUDIENCES ACROSS GENERATIONS. SCHOOL PARTNERSHIPS TRANSFORMED LOCAL PUBLIC SCHOOL CLASSROOMS INTO COLLABORATIVE ART SPACES WHERE ARTIST EDUCATORS LED HANDS-ON PROJECTS ROOTED IN INQUIRY-BASED METHODS OF EXPLORATION, STRENGTHENING STUDENT ENGAGEMENT WITH ARTISTS OF AFRICAN DESCENT AND THE MUSEUM'S COLLECTION WHILE SUPPORTING TEACHERS WITH TAILORED ART-BASED CURRICULUM.COMMUNITY PARTNERSHIPS PROVIDED SUSTAINED CREATIVE ENGAGEMENT FOR ORGANIZATIONS ACROSS HARLEM AND NEW YORK CITY, OFFERING ARTMAKING WORKSHOPS, ARTIST VISITS, AND COLLABORATIVE INSTALLATIONS THAT CENTERED WELLNESS, REFLECTION, AND COMMUNITY STORYTELLING. THESE PARTNERSHIPS ENGAGE COMMUNITY MEMBERS INCLUDING OLDER ADULTS, YOUTH IMPACTED BY THE JUVENILE COURT AND FOSTER CARE SYSTEMS, AND INDIVIDUALS NAVIGATING REENTRY, REINFORCING THE MUSEUM'S COMMITMENT TO ACCESSIBLE, COMMUNITY-CENTERED ARTS EDUCATION.TEEN PROGRAMS FOSTERED A SUPPORTIVE ENVIRONMENT FOR YOUNG PEOPLE TO EXPLORE IDENTITY, DEVELOP ARTISTIC AND COMMUNICATION SKILLS, AND CONNECT WITH PRACTICING ARTISTS. THE STUDIO MUSEUM'S SIGNATURE YOUTH PROGRAM, EXPANDING THE WALLS: MAKING CONNECTIONS BETWEEN PHOTOGRAPHY, HISTORY AND COMMUNITY CELEBRATED ITS 25TH YEAR, WITH AN INTENSIVE PHOTOGRAPHY-BASED CURRICULUM, COMPLEMENTED BY FIELD EXCURSIONS, ARTIST TALKS, AND INTERGENERATIONAL COLLABORATIONS THAT NURTURED CONFIDENCE, CREATIVITY, AND A SENSE OF BELONGING AMONG PARTICIPANTS. FAMILY PROGRAMS, INCLUDING MONTHLY LIL' STUDIO SESSIONS, PROVIDED PATHWAYS FOR FAMILIES TO EXPLORE ART TOGETHER AND CONTINUED TO EXTEND THE MUSEUM'S CONNECTION WITH FAMILIES IN COMMUNITY-BASED ORGANIZATIONS SUCH AS LOCAL LIBRARIES. STUDIO MUSEUM INSTITUTE PROGRAMS, INCLUDING FELLOWSHIPS, INTERNSHIPS, MUSEUM EDUCATION PRACTICUM AND ARTS LEADERSHIP PRAXIS CONTINUED TO CULTIVATE THE NEXT GENERATION OF ARTS CULTURAL WORKERS AND LEADERS IN THE FIELD. PUBLIC PROGRAMS ORGANIZED FREE PUBLIC EVENTS OFFERING OPPORTUNITIES FOR AUDIENCES TO ENGAGE WITH THE STUDIO MUSEUM'S ARTISTS IN RESIDENCE AND TO CONNECT WITH EXHIBITIONS THROUGH PROGRAMMING FEATURING ARTISTS, CURATORS, AND SCHOLARS. 5562605 50001 71450 MARKETING AND COMMUNICATIONS: THROUGH FY25, THE MARKETING AND COMMUNICATIONS DEPARTMENT FOCUSED ON THE IDEATION, PLANNING, AND IMPLEMENTATION OF THE STUDIO MUSEUM'S FALL 2025 GRAND REOPENING CAMPAIGN THROUGH EARNED, OWNED, AND OPERATED CHANNELS. WITH THE SUPPORT OF EXTERNAL CONTRACTORS AND AGENCIES, THE TEAM SHAPED A MULTI-PLATFORM PRINT, DIGITAL, AND OOH MARKETING CAMPAIGN THAT LEVERAGED THE MUSEUM'S BRANDING, CORE MESSAGING, AND PERMANENT COLLECTION TO BUILD MOMENTUM TOWARD THE OPENING OF ITS NEW BUILDING. THE TEAM ALSO MAPPED OUT A ROBUST FRAMEWORK TO AMPLIFY THE MUSEUM'S MISSION, HISTORY, PROGRAMS, AND LEADERSHIP THROUGH LOCAL, NATIONAL, AND INTERNATIONAL PRESS. THE MUSEUM CONTINUED TO EXPAND ITS DIGITAL CONTENT BY PUBLISHING SHORT AND LONG-FORM VIDEO CONTENT THAT OFFERED A BEHIND-THE-SCENES LOOK AT ITS REOPENING AND INAUGURAL EXHIBITIONS, AND CREATING AUDIO EXPERIENCES CONTEXTUALIZING PROMINENT THEMES AND WORKS IN THE PERMANENT COLLECTION.RETAIL AND VISITOR SERVICES: THE RETAIL DEPARTMENT DEVELOPED ADDITIONAL ITEMS FOR THE STUDIO MUSEUM IN HARLEM COLLECTION, A SUITE OF PRODUCTS INSPIRED BY THE NEW BRAND AND FONT. THE ONLINE STORE ALSO OFFERED NEW SETS OF STUDIO MAGAZINE BACK ISSUES FOR THE FIRST TIME IN THE MUSEUM'S HISTORY. THE TEAM IS PREPARING TO OPEN A BRICK-AND-MORTAR STORE IN THE NEW BUILDING, WHICH WILL FEATURE PRODUCTS FROM BLACK ENTREPRENEURS AND BRANDS.BUILDING OPERATIONS:IN SEPTEMBER OF 2024, THE BUILDING OPERATIONS TEAM OVERSAW THE MOVE INTO STUDIO MUSEUM HEADQUARTERS (SMHQ), A 16,700 SQUARE FOOT SPACE THAT HOLDS A MAJORITY OF THE MUSEUM'S ADMINISTRATIVE AND PROGRAM STAFF AND OFFICES. THIS INCLUDED THE CONSOLIDATION OF TECHNOLOGY, FURNISHINGS, AND RECORDS HELD IN THE EXISTING SATELLITE OFFICE LEASED AROUND HARLEM.CAPITAL PROJECT: IN FY25, THE STUDIO MUSEUM WAS PREPARING FOR THE OPENING OF 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 HAS 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 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. 5562605 50001 71450 12226639 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 1 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 1 128 0 107 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 1 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 SR DIRECTOR OF FINANCE 2128644500 144 WEST 125TH STREET NEW YORK NY 10027 RAYMOND J MCGUIRE CHAIRMAN 2.00 0.00 X X 0 0 0 KATHRYN C CHENAULT VICE-CHAIR 2.00 0.00 X X 0 0 0 DAMIEN R DWIN VICE-CHAIR 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 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REPRESENTATION LLC 25220 HANCOCK AVENUE SUITE 440 MURRIETA CA 92562 PROJECT MANAGEMENT SERVICES 848050 SUSAN COURTEMANCHE 660 12TH AVENUE 5TH FLOOR NEW YORK NY 10019 DEVELOPMENT CONSULTING SERVICES 190000 15 430695 2071443 19470286 36750775 1320303 58723199 MEMBERSHIPS 900099 21970 21970 SPEAKING ENGAGEMENT FEES 900099 2650 2650 24620 1786257 1786257 160 160 9004688 8784224 220464 220464 220464 2012675 2071443 1132202 880473 880473 89901 40421 49480 49480 TRAVEL REIMBURSEMENT 900099 23827 23827 LOAN FEES 900099 22117 22117 REWARDS 900099 14977 14977 4263 4263 65184 61749837 74100 0 2952538 118295 118295 1330761 592500 433093 305168 5646678 3719140 1145608 781930 628088 376425 126911 124752 781288 477883 176111 127294 598265 377977 128195 92093 64795 64795 82020 82020 30646 30646 120000 120000 181536 181536 1026839 832568 150229 44042 296126 213819 28250 54057 816140 273164 208711 334265 267777 13800 248180 5797 689 689 2942607 2200625 438945 303037 629158 167245 80515 381398 74081 74081 408366 267572 81227 59567 503725 416133 50289 37303 ART ACQUISITION/STORAGE 2044069 2044069 REPAIRS & MAINTENANCE 227274 39575 186608 1091 STAFF DEVELOPMENT 42354 4563 35496 2295 RECEPTIONS/EVENTS 17428 322 17106 16380 16194 136 50 18895385 12226639 3894607 2774139 1447291 2760916 30390373 16761476 26775465 41037504 1961550 24500 6702733 6702733 99409 91749 1582718 1751003 177148794 501651 155305020 176647143 22365018 27302082 21880722 25412117 32031639 29208374 300541938 327699597 9645460 1292211 35000 91670 6246875 0 39834186 38747440 55761521 40131321 X 61246406 73202192 183534011 214366084 244780417 287568276 300541938 327699597 X 42854452 4237297 -4303890 X X 0 1 X 1 0 X 38043942 57770204 42821762 38443941 59207024 236286873 94050 35800 129850 38043942 57770204 42915812 38479741 59207024 236416723 33842420 202574303 1049870 2133392 2386574 2269099 1786417 9625352 74811 1901317 1559549 396648 3932325 130035 26501 48746 126749 65184 397215 250371615 1105889 0.80910 0.82030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TRAVEL REIMBURSEMENT - 2023 AMOUNT: $ 60,355. 2024 AMOUNT: $ 23,827. LOAN FEES - 2022 AMOUNT: $ 8,840. 2023 AMOUNT: $ 11,185. 2024 AMOUNT: $ 22,117. REWARDS - 2024 AMOUNT: $ 14,977. REPRODUCTION FEE - 2024 AMOUNT: $ 4,261. OTHER INCOME - 2020 AMOUNT: $ 130,035. 2021 AMOUNT: $ 5,020. 2022 AMOUNT: $ 4,419. 2023 AMOUNT: $ 340. 2024 AMOUNT: $ 2. REFUNDS - 2021 AMOUNT: $ 21,481. 2022 AMOUNT: $ 14,375. 2023 AMOUNT: $ 25,477. INSURANCE REIMBURSEMENT - 2022 AMOUNT: $ 21,112. 2023 AMOUNT: $ 29,392. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30646 30646 0 PART II-B, LINE 1: THE MUSEUM CONTRACTED WITH ONE LOBBYIST FIRM TO LOBBY NEW YORK STATE AND MUNICIPAL GOVERNMENTS ON ITS BEHALF. X X X X 0 47090268 10139693 4848573 1297150 60781384 49418116 4400000 4520127 11247975 47090268 46716993 184283 2566840 50000 49418116 37155478 15057007 1582584 7078076 46716993 81899304 14135103 3376558 18420408 80990557 0.03645 0.84314 0.12041 0 0 3068239 254006 2814233 2023962 247645 1776317 172056593 172056593 176647143 ALTERNATIVE INVESTMENTS 25412117 F 25412117 RIGHT OF USE ASSETS - OPERATING LEASES 29087785 SECURITY DEPOSITS 64879 OTHER RECEIVABLES 37212 LEVERAGE LOAN INTEREST RECEIVABLE 18498 29208374 LEASE LIABILITIES - OPERATING LEASES 31765975 PENSION WITHDRAWAL LIABILITY 4303890 CONSTRUCTION CONTRACTS PAYABLE 2677575 38747440 X 61501710 4237297 117002 4354299 57147411 181536 4420890 4602426 61749837 18191122 18230 18230 18172892 181536 540957 722493 18895385 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 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORGANIZATION INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 117,002. PART XI, LINE 4B - OTHER ADJUSTMENTS: PENSION WITHDRAWAL LIABILITY ADJUSTMENT 4,303,890. ELIMINATIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 117,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 18,230. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATIONS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 540,957. NORTH AMERICA 0 0 INVESTMENTS 446123 0 0 0 0 0 0 446123 0 446123 0 0 0 0 0 0 X X X X X X X 1 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 DEVELOPMENT CONSULTING SERVICES 0 18280900 120000 18160900 18280900 120000 18160900 CA CT FL GA IL NJ NY GALA 3607613 1889513 1718100 275397 166084 25395 521804 SPRING LUNCHEON 476505 181930 294575 15000 77690 50832 4084118 2071443 2012675 290397 243774 25395 572636 1132202 880473 1 WEIN PRIZE 1 50000 ARTIST-IN-RESIDENCE STIPENDS 3 36577 JOY OF GIVING SOMETHING SCHOLARSHIP 2 20000 EXPANDING THE WALLS 16 8000 MUSEUM PROFESSIONALS SEMINAR STIPENDS 13 3350 CCL/SMH CURATORS' FORUM TRAVEL AWARD 1 368 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. THE CURATORS' FORUM TRAVEL AWARD WAS ADMINISTERED AND DISTRIBUTED TO THE PARTICIPANTS BY THE CENTER FOR CURATORIAL LEADERSHIP. ALL OTHER AWARDS ARE UNRESTRICTED. X X X X 0 0 0 0 0 0 0 1 0 THELMA GOLDEN DIRECTOR AND CHIEF CURATOR 325840 0 9750 0 953 0 0 0 17096 0 353639 0 0 0 CHAKSHU PATEL CHIEF ADVANCEMENT OFFICER 281672 0 8419 0 510 0 0 0 13662 0 304263 0 0 0 DEBRA WHITE GENERAL COUNSEL AND CHIEF OPERATING OFFICER 270830 0 8100 0 1462 0 0 0 14538 0 294930 0 0 0 JODI HANEL FERNANDEZ DIRECTOR OF DEVELOPMENT 140812 0 34551 0 484 0 0 0 38527 0 214374 0 0 0 TONY WONG SENIOR DIRECTOR OF FINANCE 194579 0 0 0 155 0 0 0 12686 0 207420 0 0 0 TERRENCE PHEARSE II CHIEF OF STAFF 159961 0 5100 0 120 0 0 0 34248 0 199429 0 0 0 ISATA YANSANEH DIRECTOR OF MARKETING 176089 0 5400 0 130 0 0 0 14631 0 196250 0 0 0 FEDERICO MORROBEL DIRECTOR OF BUILDING OPERATIONS 183462 0 5400 0 619 0 0 0 1230 0 190711 0 0 0 SHANTA LAWSON SENIOR DIRECTOR OF LEARNING AND ENGAGEMENT 169544 0 5100 0 133 0 0 0 3444 0 178221 0 0 0 PART I, LINE 7 EMPLOYEES RECEIVED BOARD DISCRETIONARY BONUSES REFLECTED IN THEIR 2024 W-2S AS REPORTED IN PART II, COLUMN (B)(II). X 9 1320303 AVG. SELLING PRICE 5 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 4 THE MUSEUM AMENDED ITS BYLAWS TO CHANGE THE MAXIMUM NUMBER OF VICE CHAIRS FROM 2 TO 3. 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 TO DETERMINE COMPENSATION OF THE DIRECTOR AND CHIEF CURATOR, OFFICERS, AND KEY EMPLOYEES OF THE MUSEUM, INDUSTRY COMPENSATION DATA IS COMPILED USING THE ASSOCIATION OF ART MUSEUM DIRECTOR'S ANNUAL SALARY SURVEY AND PEER ORGANIZATION 990S. AN AD HOC COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THIS DATA ANNUALLY TO DETERMINE THE COMPENSATION OF THE DIRECTOR AND CHIEF CURATOR, CHIEF OF STAFF, GENERAL COUNSEL AND CHIEF OPERATING OFFICER, CHIEF ADVANCEMENT OFFICER, AND CHIEF PROGRAM OFFICER. THEIR FINDINGS AND RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF THIS PROCESS. THE DATA, RECOMMENDATIONS, AND APPROVALS ARE DOCUMENTED. THIS ASSESSMENT WAS LAST CONDUCTED IN JUNE 2025. 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 THESE DOCUMENTS 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: PENSION WITHDRAWAL LIABILITY ADJUSTMENT -4,303,890. 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. 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 117000 COST