Civic Intelligence

The Drawing Center Inc

EIN 13-2887872 • 501(c)3 • New York, NY

Pub. 78 EligibleNTEE A400

Profile

The drawing center, a museum in manhattan's soho district, explores the medium of drawing as primary, dynamic, and relevant to contemporary culture, the future of art, and creative thought. Its activities-which are both multi-disciplinary and broadly historical-include exhibitions; site-specific installations; the "drawing papers" publication series; public programs; and educational initiatives for school and community groups.

35 Wooster StreetNew York, NY 10013

www.drawingcenter.org

Siviq Scores

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

Liabilities / Assets

47th percentile

0.15x

Higher debt load relative to assets than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.53x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-4.5%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-17%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$11,764,288

Up $881,028 (+8.1%) from 2024

Liabilities

Down

$1,475,697

Down $43,462 (-2.9%) from 2024

Net Assets

Up

$10,288,591

Up $924,490 (+9.9%) from 2024

Revenue

Up

$4,468,552

Up $806,657 (+22%) from 2024

Expenses

Up

$3,589,378

Up $277,419 (+8.4%) from 2024

Net Income

Up

$879,174

Up $529,238 (+151%) from 2024

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $3,978,712Liabilities 2010: $92,208Net Assets 2010: $3,886,5042010Assets 2011: $7,844,392Liabilities 2011: $2,337,215Net Assets 2011: $5,507,1772011Assets 2012: $13,445,350Liabilities 2012: $3,279,668Net Assets 2012: $10,165,6822012Assets 2013: $12,582,606Liabilities 2013: $2,782,323Net Assets 2013: $9,800,2832013Assets 2014: $12,297,163Liabilities 2014: $2,695,896Net Assets 2014: $9,601,2672014Assets 2015: $11,606,434Liabilities 2015: $2,383,714Net Assets 2015: $9,222,7202015Assets 2016: $11,141,245Liabilities 2016: $2,222,438Net Assets 2016: $8,918,8072016Assets 2017: $10,828,390Liabilities 2017: $2,206,020Net Assets 2017: $8,622,3702017Assets 2018: $10,540,695Liabilities 2018: $2,032,838Net Assets 2018: $8,507,8572018Assets 2019: $10,353,979Liabilities 2019: $1,975,956Net Assets 2019: $8,378,0232019Assets 2020: $10,529,284Liabilities 2020: $2,057,715Net Assets 2020: $8,471,5692020Assets 2021: $10,820,170Liabilities 2021: $1,706,997Net Assets 2021: $9,113,1732021Assets 2022: $11,094,197Liabilities 2022: $1,728,886Net Assets 2022: $9,365,3112022Assets 2023: $10,597,246Liabilities 2023: $1,632,754Net Assets 2023: $8,964,4922023Assets 2024: $10,883,260Liabilities 2024: $1,519,159Net Assets 2024: $9,364,1012024Assets 2025: $11,764,288Liabilities 2025: $1,475,697Net Assets 2025: $10,288,5912025

Highlighted filing

2025

Assets$11,764,288
Liabilities$1,475,697
Net Assets$10,288,591

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,780,6212010Expenses 2011: $1,877,2962011Expenses 2012: $1,208,8232012Revenue 2013: $1,607,777Expenses 2013: $2,009,143Net Income 2013: -$401,3662013Revenue 2014: $2,098,440Expenses 2014: $2,355,629Net Income 2014: -$257,1892014Revenue 2015: $1,990,777Expenses 2015: $2,309,961Net Income 2015: -$319,1842015Revenue 2016: $1,937,850Expenses 2016: $2,219,689Net Income 2016: -$281,8392016Revenue 2017: $1,939,785Expenses 2017: $2,272,751Net Income 2017: -$332,9662017Revenue 2018: $2,174,211Expenses 2018: $2,287,976Net Income 2018: -$113,7652018Revenue 2019: $2,236,602Expenses 2019: $2,376,262Net Income 2019: -$139,6602019Revenue 2020: $2,677,771Expenses 2020: $2,575,162Net Income 2020: $102,6092020Revenue 2021: $3,372,570Expenses 2021: $2,798,054Net Income 2021: $574,5162021Revenue 2022: $3,697,448Expenses 2022: $3,286,962Net Income 2022: $410,4862022Revenue 2023: $3,079,087Expenses 2023: $3,492,254Net Income 2023: -$413,1672023Revenue 2024: $3,661,895Expenses 2024: $3,311,959Net Income 2024: $349,9362024Revenue 2025: $4,468,552Expenses 2025: $3,589,378Net Income 2025: $879,1742025

Highlighted filing

2025

Revenue$4,468,552
Expenses$3,589,378
Net Income$879,174

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.8$1.48$10.3$4.47$3.59$0.88
2024Detailed filing. Detailed filing data is available for this year.$10.9$1.52$9.36$3.66$3.31$0.35
2023Detailed filing. Detailed filing data is available for this year.$10.6$1.63$8.96$3.08$3.49$0.41
2022Detailed filing. Detailed filing data is available for this year.$11.1$1.73$9.37$3.70$3.29$0.41
2021Detailed filing. Detailed filing data is available for this year.$10.8$1.71$9.11$3.37$2.80$0.57
2020Detailed filing. Detailed filing data is available for this year.$10.5$2.06$8.47$2.68$2.58$0.10
2019Detailed filing. Detailed filing data is available for this year.$10.4$1.98$8.38$2.24$2.38$0.14
2018Detailed filing. Detailed filing data is available for this year.$10.5$2.03$8.51$2.17$2.29$0.11
2017Detailed filing. Detailed filing data is available for this year.$10.8$2.21$8.62$1.94$2.27$0.33
2016Detailed filing. Detailed filing data is available for this year.$11.1$2.22$8.92$1.94$2.22$0.28
2015Detailed filing. Detailed filing data is available for this year.$11.6$2.38$9.22$1.99$2.31$0.32
2014Detailed filing. Detailed filing data is available for this year.$12.3$2.70$9.60$2.10$2.36$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$2.78$9.80$1.61$2.01$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$3.28$10.2$1.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.84$2.34$5.51$1.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.09$3.89$1.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 25, 2026
Return Version
2024v5.2
Gross Receipts
$6,367,060
Mission and Program Overview

Mission

The drawing center, a museum in manhattan's soho district, explores the medium of drawing as primary, dynamic, and relevant to contemporary culture, the future of art, and creative thought. Its activities-which are both multi-disciplinary and broadly historical-include exhibitions; site-specific installations; the "drawing papers" publication series; public programs; and educational initiatives for school and community groups.

Promotes the significance of drawings through exhibitions, publications, and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,098,758$7,836,082▼ $262,676
Cash and Non-Interest-Bearing Accounts$772,940$1,295,645▲ $522,705
Investments in Publicly Traded Securities$1,092,308$1,153,750▲ $61,442
Pledges and Grants Receivable$668,802$976,082▲ $307,280
Savings and Temporary Cash Investments$113,116$203,220▲ $90,104
Inventories for Sale or Use$94,783$125,684▲ $30,901
Prepaid Expenses and Deferred Charges$42,018$101,015▲ $58,997
Intangible Assets$0$72,625▲ $72,625
Accounts Receivable$535$185▼ $350
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,883,260$11,764,288▲ $881,028
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,349,926$1,297,851▼ $52,075
Accounts Payable and Accrued Expenses$126,648$139,886▲ $13,238
Other Liabilities$42,585$37,960▼ $4,625
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,519,159$1,475,697▼ $43,462
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,313,220$8,305,072▼ $8,148
Net Assets With Donor Restrictions$1,050,881$1,983,519▲ $932,638
Total Net Assets Fund Balance$9,364,101$10,288,591▲ $924,490
Total Liabilities and Net Assets / Fund Balance$10,883,260$11,764,288▲ $881,028

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,635,055$2,730,549$8,162,425
Buildings$1,951,292$1,919,394$3,786,541
Equipment$53,891$375,906$408,146
Land$180,000-$180,000
Other Land Buildings$15,844$168,135$178,568

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$481,710-▲ $47,047$13,220$515,537
2023$446,889-▲ $50,474$15,653$481,710
2022$428,255$5,001▲ $33,704$20,071$446,889
2021$546,659-▼ $98,127$20,277$428,255
2020$463,198-▲ $103,532$20,071$546,659
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura HoptmanExecutive DirectorFT$215,358$13,356$228,714
Olga TetkowskiDeputy DirectorFT$112,391$13,379$125,770
Rebecca BrickmanDirector of DevelopmentFT$117,585$1,177$118,762

Board Members and Trustees

NameTitle
Hilary HatchCo-Chair
Valentina CastellaniCo-Chair
Adam PendletonBoard Member
Almine Ruiz-PicassoBoard Member
Amy L GoldBoard Member
Andrea CraneBoard member
Barbara TollBoard Member
Brad CloepfilBoard Member
Curtis Talwst SantiagoBoard Member
David BaumBoard member
David M PohlBoard Member
David SalleBoard Member
Dita AmoryBoard Member
Frances Beatty AdlerBoard Member
Harry Tappan HeherBoard Member
Jean-Edouard van Praet d'amerlooBoard Member
Joyce SiegelBoard Member
KawsBoard Member
Linda YablonskyBoard Member
Nancy posesBoard member
Priscila HudginsBoard member
Rhiannon KubickaBoard Member
Rirkrit TiravanijaBoard Member
Stacey GoergenBoard Member
Waqas WajahatBoard Member
Iris Z MardenSecretary
Jane Dresner SadakaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,112,577
Program Service Revenue
$177,787
Investment Income
$54,467
Other Revenue
$123,721
All Other Contributions
$2,831,465
Change in Net Assets
$879,174

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$95,830-
Clothing and Household Goods-$75,000Fair Value
Works of Art13$52,000Fair Value
Total Noncash Contributions17$222,830-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,463,440
Revenue Not Reported on Financial Statements
$5,112
Revenue Not Reported on Form 990
$45,316
Total Revenue per Audited Statements
$4,508,756
Total Revenue per Form 990
$4,468,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,852,428
Salaries, Compensation, and Employee Benefits$1,736,950
Total Fundraising Expense$437,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$866,891$146,178$205,857$1,218,926
Depreciation Depletion$224,779$37,903$53,377$316,059
Fees for Services Other$242,004$16$0$242,020
Current Officers, Directors, Trustees, and Key Employees$167,166$28,188$39,696$235,050
All Other Expenses$31,509$158,872$2,255$192,636
Other Employee Benefits$119,305$20,117$28,331$167,753
Fees for Services Accounting$3,698$161,318$878$165,894
Occupancy$96,014$16,191$22,800$135,005
Payroll Taxes$81,945$13,818$19,458$115,221
Other Expenses$54,513$9,192$12,945$76,650
Insurance$61,207$5,474$7,709$74,390
Travel$56,761$4,874$127$61,762
Interest$42,824$6,968$9,813$59,605
Office Expenses$21,961$23,218$2,892$48,071
Information Technology$8,811$1,486$2,093$12,390
Advertising$6,948--$6,948
Fees for Service Investment Mgmnt Fees-$5,112-$5,112
Total Functional Expenses$2,492,734$659,189$437,455$3,589,378

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,589,378
Expenses per Audited Statements$3,584,266
Total Expenses per Audited Statements$3,584,266
Expenses Not Reported on Financial Statements$5,112
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$604,973
Fundraising Gross Income$604,973
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$1,015,723$387,561$382,838$4,723
Annual Benefit$467,012$217,412$222,135$-4,723
Total Events$1,482,735$604,973$604,973-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Vacation Accrual$37,960
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
Yes
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 B, LINE 11:

Draft of the form 990 is sent to the full board of directors for review and approval.

FORM 990, PART VI, SECTION B, LINE 12C:

Board members and officers are requested to submit an annual conflict of interest certification and form 990 disclosure form.

FORM 990, PART VI, SECTION B, LINE 15:

OFFICER'S COMPENSATION APPROVED BY BOARD BASED ON INDUSTRY STANDARDs.

FORM 990, PART VI, SECTION C, LINE 19:

FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. and is posted on the New York State Charities bureau website. Form 990 and AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Drawing Center Inc
EIN
13-2887872
In Care Of
% LAURA HOPTMAN
Phone
2122192166
Address
35 WOOSTER STREET, NEW YORK, NY 10013

Signing Officer

Name
Laura Hoptman
Title
Executive Director
Phone
2122192166
Signed
2026-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Hoptman
Formed
1976
Legal Domicile
Ny
Voting Board Members
27
Independent Board Members
27
Employees
39
Volunteers
28

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Catherine Bendall CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board has approved the audit committee for oversight of the annual audit.

Form 990, Part III, Line 4A

Expressing the universality of drawing, the drawing center presents extraordinary works on paper from a wide range of traditions. Exhibitions have featured drawings by tattoo artists, chefs, novelists, and prisoners alongside visual artists, as well as significant international collections of works on paper. This expansive vision-combined with the scholarly rigor and exhibition standards of much larger museums-makes the drawing center a singular institution in new york city and internationally. Founded in soho in 1977 and first housed in a ground-floor warehouse at 137 greene street, the drawing center moved to its current home at 35 wooster street in 1987. After nearly fifty years, it continues to serve as a beloved neighborhood institution and a global leader in the study and celebration of drawing. In the past year, the drawing center engaged individuals of all ages both on-site in soho and off-site in various public and educational settings. Through a wide range of programming, diverse audiences were given the opportunity to explore the medium of drawing as primary, dynamic, and relevant to contemporary culture, the future of art, and creative thought. Exhibitions presented at the drawing center in the past year included: the way i see it: selections from the kaws collection; john zorn: hermetic cartography; ericka beckman: power of the spin, and in the medium of life: the drawings of beauford delaney. This year, we released three new catalogs through our drawing papers publication series and served close to 34,000 individuals through our exhibitions and programs. The way i see it: selections from the kaws collection, on view october 10, 2024 through january 19, 2025, featured more than 350 artworks chosen by the artist kaws from his vast personal collection of over 3,000 works on paper by some 500 artists. The way i see it continued the drawing center's tradition of exhibiting drawings from outstanding public and private collections, and offered an unprecedented glimpse into the artistic inspirations and interests of one of today's most popular contemporary artists. Known predominantly as a groundbreaking figure in new york's avant-garde and experimental music scenes, john zorn has long been celebrated for his radical innovations in music. However, his abstract drawings-a private language of symbols and notations-have remained a closely guarded secret. On view february 7 through may 11, 2025, hermetic cartography revealed a new dimension of zorn's artistic practice by showcasing works on paper that span seven decades of his visionary engagement with mark-making, improvisation, and the esoteric. Presented concurrently with hermetic cartography, power of the spin featured the work of ericka beckman, a filmmaker who came to prominence in the late 1970s. Beckman is considered a key figure of the pictures generation, a group of american conceptual artists who appropriated images from popular culture for the purpose of cultural critique. In summer 2025, the drawing center presented an exhibition featuring works on paper by the american artist beauford delaney (1901-1979). Entitled in the medium of life: the drawings of beauford delaney, it was the first comprehensive delaney exhibition at a new york museum in over three decades, and the first-ever exhibition devoted to drawing-the medium that was central to his oeuvre. In the medium of life included approximately 90 drawings, gouaches, pastels and notebook sketches marking distinct periods of delaney's career. All of the drawing center's exhibitions and programs are presented to the public, free of charge, thanks to a multi-year grant from the cy twombly foundation. In the past year, approximately 34,000 individuals visited the way i see it: selections from the kaws collection; john zorn: hermetic cartography; ericka beckman: power of the spin, and in the medium of life: the drawings of beauford delaney. The drawing center has continued its expansion of its public engagement ef

Financial Statement Notes

PART III, LINE 1A:

THE ORGANIZATION HAS ACCUMULATED CERTAIN ARTWORK THAT HAS NOT BEEN REFLECTED IN THE FINANCIAL STATEMENTS AS these items are held for public display and not for sale.

PART III, LINE 4:

At times throughout the year the organization maintained collections of artwork for exhibition purposes. The organization's exempt purpose is to promote the significance of drawings through exhibitions, publications, and education.

PART V, LINE 4:

"fund for the future" donations are allocated 25% to net assets with donor restrictions for use towards capital costs and 75% to net assets with donor restrictions with permanent restrictions for endowment. The board spending policy limits distributions to realized investment earnings.

PART X, LINE 2:

The Organization is exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The Organization has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at June 30, 2025 and 2024. The Organization did not recognize any tax-related interest or penalties during the periods presented in these financial statements.

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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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