EIN 13-3643485

New York Academy of Art (NYAA)

IRS 501(c) type
501(c)(3)
Num. employees
187
Year formed
1980
Most recent tax filings
2023-06-01
Description
The New York Academy of Art (NYAA) is a graduate school that combines intensive technical training in the fine arts with active critical discourse. They believe that rigorously trained artists are best able to realize their artistic vision.
Total revenues
$9,241,972
2023
Total expenses
$9,213,612
2023
Total assets
$18,311,388
2023
Num. employees
187
2023

Program areas at NYAA

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.
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.
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.

Who funds New York Academy of Art (NYAA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Timothy and Michele Barakett FoundationDonation To the Take Home A Nude Benefit$250,000
Russell Colgate FundGeneral Purposes$160,000
Walentas FoundationArts and Culture$100,000
...and 25 more grants received totalling $1,103,783

Personnel at NYAA

NameTitleCompensation
David KratzPresident$321,112
Stephan KorsakovChief Financial Officer$190,407
Harry MichasChief of Staff$114,194
Gregory ThornburyVice President of Development$166,503
Michael SmithDirector of Campus Security and Operations / Director of Operations$106,240
...and 7 more key personnel

Financials for NYAA

RevenuesFYE 06/2023
Total grants, contributions, etc.$4,181,291
Program services$5,291,715
Investment income and dividends$114,747
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$39,500
Net gain from sale of non-inventory assets$-47
Net income from fundraising events$-647,413
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$262,179
Total revenues$9,241,972

Form 990s for NYAA

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-13990View PDF
2021-062022-05-05990View PDF
2020-062021-05-26990View PDF
2019-062020-12-22990View PDF
...and 9 more Form 990s

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Brevard College CorporationBrevard, NC$34,931,347
Data update history
November 26, 2024
Received grants
Identified 3 new grant, including a grant for $45,000 from Lcu Fund for Women's Education
August 26, 2024
Received grants
Identified 8 new grant, including a grant for $47,050 from The Robert and Suzanne Cochran Family Foundation
July 15, 2024
Updated personnel
Identified 6 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $160,000 from Russell Colgate Fund
Nonprofit Types
SchoolsHigher ed institutions
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsState / local levelReceives government fundingEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
111 Franklin St
New York, NY 10013
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
nyaa.edu/ 
Phone
(212) 966-0300
Facebook page
NewYorkAcademyofArt 
Twitter profile
@nyacademyofart 
IRS details
EIN
13-3643485
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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