Civic Intelligence

Swiss Institute

EIN 13-3414346 • 501(c)3 • New York, NY

Profile

Founded in 1986, swiss institute (si) is one of new york's key non-profit cultural institutions. Open to the public free of charge, it provides a significant forum for contemporary cultural dialogue between switzerland, europe, and the united states. Swiss institute produces five major exhibitions per year along with a robust and diverse range of public and educational programs. Recent highlights include solo or duo exhibitions of emerging artists including allyson vieira, pamela rosenkranz, nikolas gambaroff, and nicolas party; shows presenting specific bodies of work by celebrated artists such as john armleder and roman signer; as well as rediscoveries of seminal figures including karlheinz weinberger and heidi bucher. Swiss institute's artistic program is supported by institutional and corporate sponsors, as well as the generosity of individuals.

117 Second Ave 2nd FloorNew York, NY 10003

www.swissinstitute.net

Siviq Scores

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

Liabilities / Assets

91st percentile

0.90x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.90x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

26th percentile

-4.9%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Down

$4,915,620

Down $3,497,360 (-42%) from 2023

Liabilities

Down

$4,408,067

Down $887,972 (-17%) from 2023

Net Assets

Down

$507,553

Down $2,609,388 (-84%) from 2023

Revenue

Down

$4,894,615

Down $1,329,581 (-21%) from 2023

Expenses

Up

$7,458,618

Up $1,948,932 (+35%) from 2023

Net Income

Down

-$2,564,003

Down $3,278,513 (-459%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $2,227,517Liabilities 2010: $42,594Net Assets 2010: $2,184,9232010Assets 2011: $2,264,412Liabilities 2011: $35,999Net Assets 2011: $2,228,4132011Assets 2013: $2,324,476Liabilities 2013: $43,685Net Assets 2013: $2,280,7912013Assets 2014: $2,279,258Liabilities 2014: $114,056Net Assets 2014: $2,165,2022014Assets 2015: $2,358,329Liabilities 2015: $123,551Net Assets 2015: $2,234,7782015Assets 2016: $2,237,245Liabilities 2016: $395,910Net Assets 2016: $1,841,3352016Assets 2017: $3,692,826Liabilities 2017: $1,190,333Net Assets 2017: $2,502,4932017Assets 2018: $6,378,104Liabilities 2018: $3,190,321Net Assets 2018: $3,187,7832018Assets 2019: $4,730,047Liabilities 2019: $2,188,454Net Assets 2019: $2,541,5932019Assets 2020: $3,481,926Liabilities 2020: $1,799,832Net Assets 2020: $1,682,0942020Assets 2021: $5,483,468Liabilities 2021: $3,512,643Net Assets 2021: $1,970,8252021Assets 2022: $8,646,516Liabilities 2022: $6,290,375Net Assets 2022: $2,356,1412022Assets 2023: $8,412,980Liabilities 2023: $5,296,039Net Assets 2023: $3,116,9412023Assets 2024: $4,915,620Liabilities 2024: $4,408,067Net Assets 2024: $507,5532024

Highlighted filing

2024

Assets$4,915,620
Liabilities$4,408,067
Net Assets$507,553

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $861,0762010Revenue 2011: $1,342,716Expenses 2011: $1,105,235Net Income 2011: $237,4812011Revenue 2013: $1,215,206Expenses 2013: $1,316,367Net Income 2013: -$101,1612013Revenue 2014: $1,286,484Expenses 2014: $1,372,457Net Income 2014: -$85,9732014Revenue 2015: $1,981,738Expenses 2015: $1,803,904Net Income 2015: $177,8342015Revenue 2016: $2,064,894Expenses 2016: $2,437,628Net Income 2016: -$372,7342016Revenue 2017: $3,528,633Expenses 2017: $2,859,422Net Income 2017: $669,2112017Revenue 2018: $4,630,943Expenses 2018: $3,945,653Net Income 2018: $685,2902018Revenue 2019: $3,384,277Expenses 2019: $3,944,877Net Income 2019: -$560,6002019Revenue 2020: $2,688,553Expenses 2020: $3,548,052Net Income 2020: -$859,4992020Revenue 2021: $4,486,430Expenses 2021: $4,197,699Net Income 2021: $288,7312021Revenue 2022: $5,410,246Expenses 2022: $4,958,168Net Income 2022: $452,0782022Revenue 2023: $6,224,196Expenses 2023: $5,509,686Net Income 2023: $714,5102023Revenue 2024: $4,894,615Expenses 2024: $7,458,618Net Income 2024: -$2,564,0032024

Highlighted filing

2024

Revenue$4,894,615
Expenses$7,458,618
Net Income-$2,564,003

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$4.41$0.51$4.89$7.46$2.56
2023Detailed filing. Detailed filing data is available for this year.$8.41$5.30$3.12$6.22$5.51$0.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.65$6.29$2.36$5.41$4.96$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$3.51$1.97$4.49$4.20$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$1.80$1.68$2.69$3.55$0.86
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$2.19$2.54$3.38$3.94$0.56
2018Detailed filing. Detailed filing data is available for this year.$6.38$3.19$3.19$4.63$3.95$0.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$1.19$2.50$3.53$2.86$0.67
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.40$1.84$2.06$2.44$0.37
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.36$0.12$2.23$1.98$1.80$0.18
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.28$0.11$2.17$1.29$1.37$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.32$0.04$2.28$1.22$1.32$0.10
2011Summary only. Only limited summary data is available for this year.$2.26$0.04$2.23$1.34$1.11$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.04$2.18$0.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$6,059,918
Mission and Program Overview

Mission

The swiss institute is a not-for-profit organization for the purpose of promoting forward-thinking and experimental art making through innovative exhibitions and programs.

Swiss institute (si) is an independent non-profit contemporary art institution dedicated to promoting forward-thinking and experimental art making through innovative exhibitions, education, and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,561,901$1,664,334▼ $897,567
Investments Other Securities$1,086,047$924,110▼ $161,937
Cash and Non-Interest-Bearing Accounts$1,403,648$469,591▼ $934,057
Land, Buildings, and Equipment, Net$938,581$382,015▼ $556,566
Prepaid Expenses and Deferred Charges$66,195$115,514▲ $49,319
Loans From Officers Directors$100,000$100,000→ $0
Accounts Receivable$33,729$46,212▲ $12,483
Inventories for Sale or Use$27,822$13,911▼ $13,911
Savings and Temporary Cash Investments$149,810$2▼ $149,808
Investments in Publicly Traded Securities$0$0→ $0
Total Assets$8,412,980$4,915,620▼ $3,497,360
Other Assets Total$2,145,247$1,299,931▼ $845,316
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,590,035$1,960,470▼ $629,565
Other Liabilities$2,334,965$1,913,875▼ $421,090
Accounts Payable and Accrued Expenses$271,039$433,722▲ $162,683
Total Liabilities$5,296,039$4,408,067▼ $887,972
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,023,435$690,012▼ $2,333,423
Net Assets Without Donor Restrictions$93,506$-182,459▼ $275,965
Total Net Assets Fund Balance$3,116,941$507,553▼ $2,609,388
Total Liabilities and Net Assets / Fund Balance$8,412,980$4,915,620▼ $3,497,360

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$306,512$4,016,962$4,323,474
Other Land Buildings$69,566$224$69,790
Equipment$5,937$53,261$59,198
Other Assets Org$105,048--
Other Securities$924,110--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$429,052$180,919▲ $6,645-$616,616
2023$262,950$166,102--$429,052
2022$109,583$153,367--$262,950
2021$57,617$111,958▲ $8$60,000$109,583
2020$113$57,504--$57,617
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stefanie HesslerDirectorFT$174,271$26,546$200,817
Mojdeh CutterDirector of PartnershipsFT$129,656$16,559$146,215
Malaika LangaAssociate DirectorFT$114,632$16,556$131,188
Thymaya PayneDirector of AdvancementFT$111,348$15,559$126,907

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,810,243
Program Service Revenue
$0
Investment Income
$21,247
Other Revenue
$63,125
All Other Contributions
$2,575,124
Change in Net Assets
$-2,564,003

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,908,526
Revenue Not Reported on Financial Statements
$-13,911
Revenue Not Reported on Form 990
$102,941
Other Revenue Adjustments
$-13,911
Total Revenue per Audited Statements
$5,011,467
Total Revenue per Form 990
$4,894,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,891,998
Grants and Similar Amounts Paid$2,000,315
Salaries, Compensation, and Employee Benefits$1,566,305
Total Fundraising Expense$881,679
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,000,315--$2,000,315
Occupancy$1,110,351$108,462-$1,218,813
Other Salaries and Wages$687,622$186,393$245,254$1,119,269
Depreciation Depletion$534,032$59,337-$593,369
Fees for Services Other$317,776$8,869$44,000$370,645
Conferences and Meetings--$315,021$315,021
Travel$69,210$7,339$169,191$245,740
Current Officers, Directors, Trustees, and Key Employees$140,678$20,097$40,194$200,969
Other Employee Benefits$84,840$22,528$30,000$137,368
Fees for Services Accounting-$123,700-$123,700
Payroll Taxes$68,096$17,079$23,524$108,699
Interest-$58,462-$58,462
Office Expenses$10,914$32,196$5,610$48,720
All Other Expenses$25,720$6,450$8,885$41,055
Other Expenses$34,215--$34,215
Insurance$20,909$10,455-$31,364
Fees for Services Legal-$8,631-$8,631
Advertising$7,302--$7,302
Total Functional Expenses$5,906,941$669,998$881,679$7,458,618

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,620,855
Expenses per Audited Statements$7,458,618
Total Expenses per Form 990$7,458,618
Expenses Not Reported on Form 990$162,237
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Drawing Center IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$165,320
Haleakala IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$161,128
Creative Time IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$150,554
The Laundromat Project IncBrooklyn, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$149,530
Performance Space New YorkNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$147,599
Sculpture Center IncLong Island City, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$146,991
Printed Matter IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$145,450
Artists Space IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$144,279
Museum of Contemporary African Diasporan ArtsBrooklyn, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$141,363
The Eyebeam Atelier IncBrooklyn, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$134,590
Recess Activities IncBrooklyn, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$132,940
Socrates Sculpture Park IncLong Island City, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$130,808
White Columns IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$124,557
Storefront for Art and Architecture IncNew York, NY501(c)(3)Coalition Effort of Mid-sized Arts Organizations in New York City.$122,707
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$119,781
Fundraising Gross Income$77,219
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$1,512,623$77,219-$77,219
Total Events$1,512,623$77,219$119,781$-42,562
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$100,000$100,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$1,383,840
Line of Credit$530,035
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 B, Line 11B

The federal form 990 is prepared by the external accountant, and a final draft is emailed to the swiss institutes's bookkeeper for a preliminary review. Upon completion, the bookkeeper then forwards an electronic copy to the director, treasurer and the rest of the trustees for review and approval. The bookkeeper notifies the external accountant that the form 990 is approved and ready to be filed.

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

Prior to any party's election to the board of trustees or as an officer, such party, and annually thereafter, each member of the board of trustees and each officer shall disclose in writing any interest, as defined below, in any corporation or other organization, which provides goods or services to swiss institute for a fee or other compensation. A copy of each disclosure statement shall be available to any trustee on request. If at any time during his or her term of service, a trustee or officer has any interest, he or she shall promptly disclose the material facts of that interest in writing to the board. When any matter in which a trustee or officer has an interest comes before the board or any committee thereof for decision or approval, that interest shall be immediately disclosed to the board or the committee by that trustee or officer. A trustee or officer shall be deemed to have an "interest" in a matter if that trustee or officer or a related party has a significant economic interest in a decision on the matter by the board or any committee. As to any trustee or officer, a "related party" shall mean any relative thereof or an entity in which any of the foregoing persons in a shareholder, director, officer or the equivalent. No trustees shall vote on any matter in which such trustee has an interest.

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

The board of trustees determines the compensation of the director. Comparable compensation levels for similar positions in similar industries are explored by experts in the industry, and discussed at the board meeting to determine total compensation packages for the director. All compensation deliberations and decisions are documented in the board minutes. The director is provided with an employment contract that outlines the compensation package.

Form 990, Part VI, Section C, Line 19

The form 990 is available for public inspection as required under section 6104 of the internal revenue service code as it is posted on guidestar.org and other similar websites. In addition, forms 990 and 1023, as well as the financial statements, articles of incorporation and bylaws, are available upon written request of the organization at 117 second ave, 2nd floor, new york, ny 10003 or by calling (212) 925-2035. The conflict of interest policy is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Swiss Institute
EIN
13-3414346
Phone
2129252035
Address
117 SECOND AVE 2ND FLOOR, NEW YORK, NY 10003

Signing Officer

Name
Stefanie Hessler
Title
Director
Phone
2129252035
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stefanie Hessler
Formed
1986
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
21
Employees
35
Volunteers
21

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 3, NEW YORK, NY 10169-0005
Preparer
Yigit Uctum CPA
Phone
2125511724
Supplemental Narrative

Additional Explanations

Part III, Line 4A

Exhibitions in 2024, si presented the following exhibitions of international artists, its education and community engagement programs, public program series including these seasons, and artists-in-residence program. Tschabalala self: "bodega run" jan 11 - jan 13, 2024 swiss institute presented a book launch and installation by tschabalala self to celebrate the culmination of the artist's long-term project, "bodega run". Lorenza longhi: "world of yum yum" jan 25 - apr 14, 2024 "world of yum yum", was the first solo exhibition in the us by artist lorenza longhi, featuring newly commissioned paintings and sculptures in a site-specific installation. Raven chacon: "a worm's eye view from a bird's beak" jan 25 - apr 14, 2024 "a worm's eye view from a bird's beak", raven chacon's first major institutional solo exhibition, was organized in partnership with nordnorsk kunstmuseum in tromso. The show brought together groundbreaking works from the last 25 years with a newly commissioned sound and video installation, novel iterations of pioneering works, and a major public art mural on si's building. Si offsite | james bantone: "202420242024" mar 15 - may 05, 2024 "202420242024", was the first solo exhibition in the us by artist james bantone, featuring a suite of newly commissioned works. Shuang li: "i'm not" may 01 - aug 25, 2024 "i'm not", was the first institutional solo exhibition by artist shuang li, featuring newly commissioned sculpture and video installations. Kobby adi: "cloisters & instruments" may 01 - aug 25, 2024 "cloisters & instruments", was the first institutional solo exhibition in the us by london-based artist kobby adi. The exhibition brought together a focused selection of newly commissioned works in the expanded field of film and sculpture. "energies" sep 11, 2024 - jan 05 2025 "energies", an international group exhibition unfolded throughout the entire building at 38 st marks pl and expanded into numerous partner locations in the surrounding east village community. Education and public programs si is free to the public and offers multigenerational artist-led workshops, hosted in collaboration with our community partners in the lower east side. Si's public programs included the "energies symposium", performances, artist talks and the fifth installment of "these seasons" series for learning and conversations. Si produced and published "walter pfeiffer: vis--vis", the first ever overview of pfeiffer's artistic output across mediums from the 1970s to the present. Si also published "sweat shame etc"., a publication on cally spooner that surveys spooner's artistic output of the last ten years. "a worm's eye view from a bird's beak", the first-ever monograph on raven chacon, in partnership with nordnorsk kunstmuseum and sternberg press, was published on the occasion of chacon's first major institutional solo exhibition, also titled "a worm's eye view from a bird's beak". Si's artist-in-residence program hosted latefa wiersch and tiphanie kim mall in partnership with prohelvetia.

FORM 990, PART XI, LINE 9:

Loss on currency translation -60,928.

Financial Statement Notes

PART V, LINE 4:

The organization's board of trustees intends to designate net assets without donor restrictions as a general endowment fund to support the mission of the organization once the balance has a surplus.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on currency translation -60,928.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -13,911.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 13,911.

Raw XML AppendixShowing 400 of 836 raw XML fields

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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IRS990/MissionDesc0SWISS INSTITUTE (SI) IS AN INDEPENDENT NON-PROFIT CONTEMPORARY ART INSTITUTION DEDICATED TO PROMOTING FORWARD-THINKING AND EXPERIMENTAL ART MAKING THROUGH INNOVATIVE EXHIBITIONS, EDUCATION, AND PROGRAMS.
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