Civic Intelligence

Whitney Museum of American Art

EIN 13-1789318 • 501(c)3 • New York, NY

Profile

The whitney seeks to be the defining museum of 20th and 21st century american art. The museum collects, exhibits, preserves, researches and interprets art of the u.s. In the broadest global, historical and interdisciplinary contexts. As the preeminent advocate for american art, we foster the work of living artists at critical moments in their careers. The whitney educates a diverse public through direct interaction with artists, often before their work has achieved general acceptance.

Refreshing map…

99 Gansevoort StreetNew York, NY 10014

whitney.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.12x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

1.01x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

80th percentile

21%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

66th percentile

$2,911,797

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

32nd percentile

4.6%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,017,309,000

Up $44,500,000 (+4.6%) from 2023

Liabilities

Down

$117,621,000

Down $8,185,000 (-6.5%) from 2023

Net Assets

Up

$899,688,000

Up $52,685,000 (+6.2%) from 2023

Revenue

Up

$116,740,000

Up $15,854,000 (+16%) from 2023

Expenses

Up

$91,899,000

Up $5,191,000 (+6.0%) from 2023

Net Income

Up

$24,841,000

Up $10,663,000 (+75%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $311,642,000Liabilities 2010: $11,934,000Net Assets 2010: $299,708,0002010Assets 2011: $448,245,000Liabilities 2011: $16,027,000Net Assets 2011: $432,218,0002011Assets 2012: $602,967,000Liabilities 2012: $156,083,000Net Assets 2012: $446,884,0002012Assets 2013: $687,931,000Liabilities 2013: $161,502,000Net Assets 2013: $526,429,0002013Assets 2014: $853,444,000Liabilities 2014: $170,203,000Net Assets 2014: $683,241,0002014Assets 2015: $888,573,000Liabilities 2015: $156,119,000Net Assets 2015: $732,454,0002015Assets 2016: $882,289,000Liabilities 2016: $150,003,000Net Assets 2016: $732,286,0002016Assets 2017: $905,759,000Liabilities 2017: $142,935,000Net Assets 2017: $762,824,0002017Assets 2018: $899,192,000Liabilities 2018: $116,321,000Net Assets 2018: $782,871,0002018Assets 2019: $907,108,000Liabilities 2019: $121,724,000Net Assets 2019: $785,384,0002019Assets 2020: $937,771,000Liabilities 2020: $127,581,000Net Assets 2020: $810,190,0002020Assets 2021: $1,002,954,000Liabilities 2021: $135,878,000Net Assets 2021: $867,076,0002021Assets 2022: $925,433,000Liabilities 2022: $128,993,000Net Assets 2022: $796,440,0002022Assets 2023: $972,809,000Liabilities 2023: $125,806,000Net Assets 2023: $847,003,0002023Assets 2024: $1,017,309,000Liabilities 2024: $117,621,000Net Assets 2024: $899,688,0002024

Highlighted filing

2024

Assets$1,017,309,000
Liabilities$117,621,000
Net Assets$899,688,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$100M$0-$100MExpenses 2010: $42,111,0002010Expenses 2011: $39,877,0002011Expenses 2012: $38,694,0002012Revenue 2013: $91,271,000Expenses 2013: $40,428,000Net Income 2013: $50,843,0002013Revenue 2014: $178,607,000Expenses 2014: $42,704,000Net Income 2014: $135,903,0002014Revenue 2015: $100,841,000Expenses 2015: $66,203,000Net Income 2015: $34,638,0002015Revenue 2016: $88,056,000Expenses 2016: $76,839,000Net Income 2016: $11,217,0002016Revenue 2017: $73,344,000Expenses 2017: $75,209,000Net Income 2017: -$1,865,0002017Revenue 2018: $85,222,000Expenses 2018: $81,317,000Net Income 2018: $3,905,0002018Revenue 2019: $94,980,000Expenses 2019: $89,381,000Net Income 2019: $5,599,0002019Revenue 2020: $113,143,000Expenses 2020: $82,192,000Net Income 2020: $30,951,0002020Revenue 2021: $67,707,000Expenses 2021: $115,365,000Net Income 2021: -$47,658,0002021Revenue 2022: $110,055,900Expenses 2022: $77,477,900Net Income 2022: $32,578,0002022Revenue 2023: $100,886,000Expenses 2023: $86,708,000Net Income 2023: $14,178,0002023Revenue 2024: $116,740,000Expenses 2024: $91,899,000Net Income 2024: $24,841,0002024

Highlighted filing

2024

Revenue$116,740,000
Expenses$91,899,000
Net Income$24,841,000

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,017$118$900$117$91.9$24.8
2023Detailed filing. Detailed filing data is available for this year.$973$126$847$101$86.7$14.2
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$925$129$796$110$77.5$32.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,003$136$867$67.7$115$47.7
2020Detailed filing. Detailed filing data is available for this year.$938$128$810$113$82.2$31.0
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$907$122$785$95.0$89.4$5.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$899$116$783$85.2$81.3$3.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$906$143$763$73.3$75.2$1.87
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$882$150$732$88.1$76.8$11.2
2015Detailed filing. Detailed filing data is available for this year.$889$156$732$101$66.2$34.6
2014Detailed filing. Detailed filing data is available for this year.$853$170$683$179$42.7$136
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$688$162$526$91.3$40.4$50.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$603$156$447$38.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$448$16.0$432$39.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$312$11.9$300$42.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$184,593,000
Mission and Program Overview

Mission

The whitney seeks to be the defining museum of 20th and 21st century american art. The museum collects, exhibits, preserves, researches and interprets art of the u.s. In the broadest global, historical and interdisciplinary contexts. (see schedule o)

Whitney museum of american art is a museum devoted to american art of the 20th and 21st centuries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$392,470,000$379,736,000▼ $12,734,000
Land, Buildings, and Equipment, Net$371,102,000$374,190,000▲ $3,088,000
Savings and Temporary Cash Investments$29,565,300$113,759,000▲ $84,193,700
Investments in Publicly Traded Securities$105,400,000$86,817,000▼ $18,583,000
Pledges and Grants Receivable$18,938,000$21,438,000▲ $2,500,000
Cash and Non-Interest-Bearing Accounts$21,846,700$16,623,000▼ $5,223,700
Inventories for Sale or Use$4,348,000$4,118,000▼ $230,000
Prepaid Expenses and Deferred Charges$2,639,000$3,067,000▲ $428,000
Accounts Receivable$12,816,000$2,183,000▼ $10,633,000
Total Assets$972,809,000$1,017,309,000▲ $44,500,000
Other Assets Total$13,684,000$15,378,000▲ $1,694,000
Liabilities
Tax Exempt Bond Liabilities$94,028,000$91,538,000▼ $2,490,000
Other Liabilities$17,041,000$16,834,000▼ $207,000
Accounts Payable and Accrued Expenses$11,908,000$7,333,000▼ $4,575,000
Deferred Revenue$2,829,000$1,916,000▼ $913,000
Total Liabilities$125,806,000$117,621,000▼ $8,185,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$446,252,000$503,594,000▲ $57,342,000
Net Assets Without Donor Restrictions$400,751,000$396,094,000▼ $4,657,000
Total Net Assets Fund Balance$847,003,000$899,688,000▲ $52,685,000
Total Liabilities and Net Assets / Fund Balance$972,809,000$1,017,309,000▲ $44,500,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$320,400,000$105,927,000$426,327,000
Land$34,662,000-$34,662,000
Equipment$19,128,000$4,692,000$23,820,000
Other Land Buildings$0$2,002,000$2,002,000
Other Securities$4,577,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$439,708,000$7,668,000▲ $71,791,000$24,337,000$494,830,000
2022$410,832,000$3,657,000▲ $46,176,000$20,957,000$439,708,000
2021$481,944,000$10,644,000▼ $66,710,000$15,046,000$410,832,000
2020$371,839,000$9,199,000▲ $108,663,000$7,757,000$481,944,000
2019$372,314,000$3,530,000▲ $11,834,000$15,839,000$371,839,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam D WeinbergAlice Pratt Brown Dir.(thru 10/2023)FT$806,465$2,105,332$2,911,797
Scott RothkopfAlice Pratt Brown DirectorFT$534,887$282,291$817,178
Amy RothCo-chief Operating OfficerFT$411,184$49,139$460,323
Idehen AruedeDeputy DirectorFT$415,782$40,077$455,859
Pamela BesnardChief Advancement OfficerFT$404,998$40,077$445,075
Nicholas S HolmesGeneral Counsel/assistant SecretaryFT$269,105$64,811$333,916
Angela RubinChief Comms and Content OfficerFT$293,233$27,789$321,022
Marilou AquinoChief Philanthropic OfficerFT$245,457$45,727$291,184
Bridget MendozaChief Information OfficerFT$209,582$53,234$262,816
Eunice LeeDir., Strg. Partnerships & EventsFT$223,406$37,362$260,768
Jennifer LeventhalChief of Staff (thru 12/2023)FT$210,787$33,348$244,135
Maura HeffnerChief Exhibitions & Collections OffFT$181,087$40,510$221,597
Christy L Putnam - Asso DirExhibitions & Collections (thru 7/23)FT$156,480$14,323$170,803
Christy L Putnam - Asso DirExhibitions & Collections (thru 7/23-$156,480$14,323$170,803

Board Members and Trustees

NameTitle
Richard M DemartiniChairman
Anne-cecilie Engell SpeyerCo-chair of Executive Committee
Robert J HurstCo-chair of Executive Committee
Fern Kaye TesslerBoard President
Gaurav K KapadiaVice Chairman
Nancy PosesVice Chairman
Julie OstroverVice President
Miyoung LeeVice President
Robert RosenkranzVice President
Laurie M TischSecretary/trustee
Paul C Schorr IvTreasurer/trustee
Bennett GoodmanTrustee
Beth Rudin DewoodyTrustee
Brooke Garber NeidichTrustee
Claudia LaviadaTrustee
David CancelTrustee
David CareyTrustee
David W ZalaznickTrustee
Fairfax N DornTrustee
Henry Louis Gates JrTrustee
Jen RubioTrustee
Jill BikoffTrustee
Joanne Leonhardt CassulloTrustee
John C PhelanTrustee
Jonathan O LeeTrustee
Judy Hart AngeloTrustee
Julie MehretuTrustee
Katja GoldmanTrustee
Leslie BluhmTrustee
Lise EvansTrustee
Michael E Kassan Ex OfficoTrustee
Nancy Carrington CrownTrustee
Neal K KatyalTrustee
Neil G BluhmTrustee
Pamella G DevosTrustee
Paul ArnholdTrustee
Raymond J McguireTrustee
Scott ResnickTrustee
Susan K HessTrustee
Thomas E TuftTrustee
Victor F GanziTrustee
Ku-ling YurmanTrustee (as of 03/2024)
Stephanie MarchTrustee (as of 03/2024)
Marcia DunnTrustee (as of 05/2024)
Eric L MotleyTrustee (thru 05/2024)
Fiona Irving DonovanTrustee (thru 05/2024)
Jonathan S SobelTrustee (thru 05/2024)
Mary E Bucksbaum ScanlanTrustee (thru 05/2024)
Richard D SegalTrustee (thru 05/2024)
Henry CornellTrustee (thru 12/2023)

Highest Paid Contractors

ContractorServicesLocationCompensation
Vanguard Construction & Development CoConstruction Services350 5TH AVE STE 5500, New York, NY 10118$1,173,277
Temporary Walls INCConstruction Services412 STONE ROW LANE, Bangor, PA 18013$996,150
Richter Ratner Contracting CorporationConstruction Services45 W 36TH ST 12 FL, New York, NY 10018$922,675
Fried Frank Harris Shriver & JacobsoLegal Services801 17TH ST NW 600, Washington, DC 20006$532,985
Doyle Security Services INCSecurity Services Provider371 MERRICK ROAD - STE 301, Rockville Centre, NY 11570$444,889
Revenue and Support

Revenue Composition

Contributions and Grants
$54,217,000
Program Service Revenue
$8,389,000
Investment Income
$49,663,000
Other Revenue
$4,471,000
All Other Contributions
$39,204,000
Change in Net Assets
$24,841,000

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded41$5,138,000Fair Market Value
Other Non Cash Contri Table34$31,000Fair Market Value
Other Non Cash Contri Table2$26,000Fair Market Value
Total Noncash Contributions77$5,195,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,037,000
Revenue Not Reported on Financial Statements
$703,000
Revenue Not Reported on Form 990
$28,089,000
Other Revenue Adjustments
$44,000
Total Revenue per Audited Statements
$144,126,000
Total Revenue per Form 990
$116,740,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,624,000
Salaries, Compensation, and Employee Benefits$44,749,000
Total Fundraising Expense$3,702,000
Grants and Similar Amounts Paid$526,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$18,132,000$11,629,000$1,067,000$30,828,000
Depreciation Depletion$7,157,000$3,055,000$509,000$10,721,000
Occupancy$4,136,000$1,917,000-$6,053,000
Current Officers, Directors, Trustees, and Key Employees$1,866,000$2,196,000$1,078,000$5,140,000
Other Employee Benefits$2,414,000$2,106,000$238,000$4,758,000
Fees for Services Other$2,389,000$1,689,000$52,000$4,130,000
All Other Expenses$2,091,000$1,192,000$314,000$3,597,000
Advertising$2,115,000$215,000$10,000$2,340,000
Payroll Taxes$1,342,000$792,000$136,000$2,270,000
Office Expenses$1,730,000$22,000$11,000$1,763,000
Pension Plan Contributions$994,000$654,000$105,000$1,753,000
Insurance-$1,351,000-$1,351,000
Travel$727,000$344,000$126,000$1,197,000
Interest$792,000$339,000$56,000$1,187,000
Other Expenses$886,000$2,168,000-$886,000
Fees for Services Legal$23,000$681,000-$704,000
Fees for Service Investment Mgmnt Fees-$659,000-$659,000
Grants to Domestic Individuals$526,000--$526,000
Fees for Services Accounting-$243,000-$243,000
Total Functional Expenses$56,945,000$31,252,000$3,702,000$91,899,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$91,899,000
Total Expenses per Audited Statements$91,441,000
Expenses per Audited Statements$91,196,000
Expenses Not Reported on Financial Statements$703,000
Expenses Not Reported on Form 990$245,000
Other Expense Adjustments$44,000
International Activity

International Summary

Offices
0
Employees
0
Spending
$179,319,207

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$179,268,982
East Asia and the PacificTouring Exhibition-00$50,225
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,096,000
Fundraising Gross Income$124,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Party$295,000$67,000$72,000$-5,000
Gala and Studio Party$5,405,000$57,000$507,000$-450,000
Total Events$5,700,000$124,000$1,096,000$-972,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$16,466,000
Accrued Pension Obligation$368,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Trust for Cultural Resources of the City of New York2021-01-07$101,213,818SEE PART V BELOW

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$101,213,818--$859,470

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Voting members: in accordance with the museum's by-laws, the executive committee consists entirely of museum trustees. The executive committee currently consists of 23 members and is composed of certain trustee officers, certain trustee committee chairs, and other trustees elected by resolution of the board of trustees. Between meetings of the board of trustees, and subject to the general policies established by the board, the executive committee has all the powers of the full board, excluding (i) the removal of trustees and officers, (ii) appointing of committee chairs, and (ii) amending the by-laws.

Form 990, Part VI, Section A, Line 2

Family/business relationships: neil bluhm (trustee) and leslie bluhm (trustee) have a family relationship.

Form 990, Part VI, Section B, Line 11B

Form 990 review process: the museum's form 990 tax filing is compiled based on information obtained from the museum's general ledger, audited financial statements and other financial systems. The museum's deputy director, senior finance/accounting staff, general counsel, deputy general counsel and external tax advisors participate in a series of detailed reviews of all information to be included in the filing. All information included in the return is reviewed by the group for accuracy and content. The completed form 990 and related schedules are also provided to the museum's senior management and reviewed in detail with the deputy director. Finally, a public inspection copy is provided to each member of the board of trustees prior to filing the return. The museum's external tax advisors file the form 990 electronically with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy monitoring & enforcement: the museum's code of ethics contains detailed disclosure requirements with respect to the conflicts of interests for its board and staff. On a regular basis, the board and officers of the museum complete a conflicts of interest questionnaire. Responses are compiled, reviewed with general counsel and the deputy director, and forwarded to the audit committee. If a conflict is disclosed, board members with potential conflicts may not participate in deliberations and need to recuse themselves from voting on particular matters. In addition, officers and key employees are asked annually to review and acknowledge compliance with the museum's code of ethics.

Form 990, Part VI, Section B, Line 15A

Process for determining compensation: the museum has a compensation committee of the board. The committee meets periodically to review performance and compensation for the director. As part of the process, the committee reviews comparative data obtained from several independent sources which provide data for similar positions in new york city and nationally.

Form 990, Part VI, Section C, Line 19

How documents are made available to the public: audited financial statements and the form 990 are made available on the museum's website. All other documents are available upon request at management's discretion.

Filing and Contact Details

Filer

Filer Name
Whitney Museum of American Art
EIN
13-1789318
Phone
2125703600
Address
99 GANSEVOORT STREET, NEW YORK, NY 10014

Signing Officer

Name
Jacqueline Woo
Title
CFO
Phone
2125703670
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Rothkopf
Formed
1936
Legal Domicile
Ny
Voting Board Members
45
Independent Board Members
44
Employees
511
Volunteers
116

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 (ORGANIZATION'S MISSION CONTINUED):

As the preeminent advocate for american art, we foster the work of living artists at critical moments in their careers. The whitney educates a diverse public through direct interaction with artists, often before their work has achieved general acceptance.

Form 990, Part III, Line 4A

Harold cohen: aaron (february 3, 2024 - may 19, 2024); whitney biennial 2024: better than the real thing (march 20, 2024 - august 11, 2024); and wanda gg's world (march 28, 2024 - december 2, 2024). Fy24 performances at the museum included: delia beatriz: the long count (april 27 - april 28, 2024); sarah hennies: motor tapes (june 8, 2024), and holland andrews: speaker (june 29, 2024 - july 1, 2024). Fy24 film screenings at the museum included: speaking in camouflage: madeleine hunt-ehrlich curated by greg de cuir jr. (april 12, 2024); the land wants you curated by asinnajaq (may 3, 2024) and dear ghost, if a memory is false does it mean it does not have real consequences? Curated by korakrit arnanondchai (june 21, 2024). An ongoing series of outdoor art shown across gansevoort street from the museum had two installations: rose b. Simpson and razelle benally: encounter (september 20, 2023 - march 29, 2024); and whitney biennial 2024: even better than the real thing, people who stutter create (jia bin, delicia daniels, jjjjjerome ellis, conor foran, kristel kubart): stuttering can create time (march 20, 2024 - august 25, 2024). In fy24, the whitney commissioned four digital works to add to its artport series, including auriea harvey: site 1 (march 3, 2023 - ongoing); nancy baker cahill: cento (october 3, 2023 - ongoing); and sunrise/sunset: peter burr: sunshine monument (july 25, 2023 - september 19, 2024); and holly herndon and mat dryhurst: xhairymutantx (march 20, 2024 - ongoing). The following three exhibitions toured nationally: at the dawn of a new age (norton museum of art, west palm beach, fl, march 18, 2023 - july 16, 2023); labyrinth of forms (sonoma valley museum of art, sonoma, ca, may 13, 2023 - september 3, 2023); and jaune quick-to-see smith (modern art museum of fort worth, fort worth, tx, october 15, 2023 - january 12, 2024, & seattle art museum, seattle, wa, february 29, 2024 - may 12, 2024). One exhibition toured internationally: edward hopper's new york (seoul museum of art, seoul, south korea, april 20, 2023 - august 20, 2023).

Form 990, Part III, Line 4B

And relevant for today and the future. During fy24, the whitney added 305 new works to the collection, including works by 59 artists entering the collection for the first time. The whitney continues to refine and experiment with its strategies for displaying more of the collection within its gallery spaces. The resulting collection displays create thematic, art historical contexts and counterpoints to the ongoing special exhibitions program and explore how the institution can contribute to new narratives about american culture and history. In august of 2023, the whitney opened trust me, an exhibition of photographic works drawn from the whitney's collection. The exhibition explored themes of intimacy and vulnerability alongside the inherent precarity and unstable nature of photography as a medium. In february of 2024, the whitney opened harold cohen: aaron, which traced the evolution of the earliest artificial intelligence program for artmaking. The show was drawn entirely from the whitney's collection, including works on paper, paintings, and the aaron software developed by cohen. During fy24, the whitney also commissioned and acquired two site specific works which are currently on display in the museum's dining spaces. Nourish by dyani white hawk appears in the 8th floor studio bar, while new poetry by rashid johnson features prominently in the first-floor restaurant, frenchette bakery at the whitney. Work was ongoing to digitize the museum's collections, a project that is a crucial aspect of the increased scope of the curatorial, conservation, and research resources teams in the museum's enlarged facility. The whitney's collection is available to the public online as a searchable resource and is updated regularly as new works enter the collection. Important library and special collections holdings are kept on site, as well as about 16,000 works on paper that are stored in the sondra gilman study center, facilitating access to them for curators and scholars. The sondra gilman study center supports cross-medium, cross-disciplinary research, allowing museum staff, artists, scholars, and researchers access to the collection and opportunity for close material and technical examination of objects. As such, the study center is an exceptional resource for historians and curators of modern and contemporary art, making the whitney's world-class holdings available for primary research and in-depth consultation. During fy24, 40 external visits, with 522 unique visitors were held in the study center.

Form 990, Part III, Line 4C

Served 12,497 k-12 students in online and in-person programming; of this number 2,443 k-12 students were from our eleven partnership schools. In fy24, the whitney served 135 unique teens who participated in youth insights programs. The drop-in teen events created and hosted by whitney educators and youth insights leaders were well attended, with 590 attendees for special events, 212 participants at 2 tabling events, and 272 attendees for open studio for teens. The museum also continued its commitment to accessibility for visitors with disabilities to experience the richness and complexity of american art in an accessible and inclusive environment through remote and in-person offerings. This includes visitors who identify as disabled, d/deaf, deaf-blind, neurodivergent, autistic, low vision and/or experience a range of cognitive, intellectual, and developmental disability, physical disability, chronic illness and/or sensory sensitivities. The access team focused on expanding access features on the mobile guide to support visitors with disabilities as they engaged with whitney exhibitions. During fy24, a total of 569 people attended an access tour, and a total of 1,169 students with disabilities, from 28 different schools, participated in either an in-person guided visit or online lesson with the whitney. In fy24, 10,035 people attended artmaking, tours and community programs. Community programs at the whitney served as a focal point for exploration, dialogue, and self-expression for the museum's diverse neighbors who desire to connect to art. Community programs developed individualized extended programs designed to meet the specific needs of our diverse partners of 15 different organizations and to provide educational and cultural opportunities for underserved audiences of all ages. The public programs and public engagement in fy24 presented provocative and experimental events that engaged audiences in critical dialogues on art and cultural production. The division offered 32 programs and served approximately 11,612 visitors, with 5,017 attending in-person at the whitney and 6,590 attending virtually. These programs included conversations, lectures, workshops and screenings, in conjunction with fragments of a faith forgotten: the art of harry smith, ruth asawa through line, and inheritance, as well as programming organized in collaboration with wecan member visualaids. Highlights include a three-day gathering to celebrate harry smith's eclectic life and serpentine artistic pursuits, organized in collaboration with artist and curator andrew lampert and family programs.

PART X, LINE 15:

The financial accounting standards board ("fasb") implemented a new lease accounting standard that became effective for whitney museum of american art in the year ending june 30, 2021. This accounting standard was effectuated to improve the transparency surrounding key information pertaining to an exempt organization's leasing arrangements (and to ensure that all organizations were recording the transactions uniformly on their balance sheets).

FORM 990, PART XI, LINE 9:

Change in post-retirement health and other benefits other than net periodic pension charges and service cost 1,909,000. Net periodic pension charges other than service cost 59,000.

FORM 990 - GENERAL:

Amounts reflected in the 2023 form 990 for the year ended june 30, 2024 have been rounded to the nearest thousand to conform with the presentation in the museum's audited financial statements.

Financial Statement Notes

PART III, LINE 1A:

Collections of art, historical treasures or other similar assets: the museum has an extensive collection of art, including paintings, sculpture, photographs, drawings, prints, and films and videos. The collection is maintained under the care of the registration department staff and is held for research, education and public exhibition in furtherance of public service, rather than for financial gain. Proceeds from the sale of collection items are used to acquire other items for the collection. The museum does not include either the cost or the value of its collection in the statement of financial position, nor does it recognize gifts of collection items as revenues in the statement of activities. Since items acquired for the collection by purchase are not capitalized, the cost of those acquisitions is reported as decreases in net assets in the statement of activities.

PART III, LINE 4:

Collections of art, historical treasures or other similar assets: the whitney museum of american art seeks to be the defining museum of the 20th & 21st century american art. The museum collects, exhibits, preserves, researches and interprets art of the united states in the broadcast global, historical and interdisciplinary contexts. As the preeminent advocate for american art, we foster the work of living artists at the critical moments in their careers. The whitney educates a diverse public through direct interaction with artists, often before their work has achieved general acceptance.

PART V, LINE 4:

Organization's endowment funds: the museum's endowment consists of 153 individual funds established for a variety of purposes, primarily to support the general operations and exhibition programs of the museum, as well as the support of the biennial exhibition program, permanent collection acquisitions, and curatorial support.

PART X, LINE 2:

Fin 48 overview the museum follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The museum is exempt from federal income tax under internal revenue code (the "code") section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The museum has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The museum has determined that there are no material uncertain tax positions that require recognition or disclosure in its financial statements. In addition, the museum has not recorded a provision for income taxes, as it has no material tax liability from unrelated business income activities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in post-retirement health and other benefits other than net periodic 1,909,000. Pension charges and service cost net periodic pension charges other than service cost 59,000.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Reclassed restaurant expenses to offset revenues 44,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Reclassed restaurant expenses to offset revenues 44,000.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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