Civic Intelligence

Drawing Foundation Inc.

EIN 92-2978311 • 501(c)3 • New York, NY

Pub. 78 EligibleNTEE A25

Profile

The drawing foundation is a community-focused non-profit dedicated to the study and appreciation of drawings. The drawing foundation seeks to cultivate a network of individuals interested in and passionate about drawings, connecting arts professionals and practitioners to emerging scholarship and innovative programming, and to each other in an effort to promote engagement with drawing both historic and contemporary practices and its various audiences. By nurturing a community of individuals devoted to this fundamental form of mark-making, the drawing foundation will help foster the next generation of scholars and students, curators and audiences, dealers and collectors, and artists and art-lovers.

15 Gramercy Park South 302New York, NY 10003

www.thedrawingfoundation.org

Siviq Scores

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

Liabilities / Assets

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A25 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A25 • <$500k nonprofits • Source year 2024

Net Margin

21st percentile

-15%

Higher net margin than 21% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Source year 2024

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE A25 • <$500k nonprofits • Source year 2024

Asset Growth

18th percentile

-48%

Faster asset growth than 18% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

40%

Faster revenue growth than 75% of similar nonprofits.

NTEE A25 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$12,585

Down $11,695 (-48%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$12,585

Down $11,695 (-48%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin21st percentile

Revenue

Up

$77,264

Up $22,212 (+40%) from 2023

Expenses

Up

$88,959

Up $58,187 (+189%) from 2023

Net Income

Down

-$11,695

Down $35,975 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$30K$20K$10K$0Assets 2023: $24,280Liabilities 2023: $0Net Assets 2023: $24,2802023Assets 2024: $12,585Liabilities 2024: $0Net Assets 2024: $12,5852024

Highlighted filing

2024

Assets$12,585
Liabilities$0
Net Assets$12,585
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

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

$100K$50K$0-$50KRevenue 2023: $55,052Expenses 2023: $30,772Net Income 2023: $24,2802023Revenue 2024: $77,264Expenses 2024: $88,959Net Income 2024: -$11,6952024

Highlighted filing

2024

Revenue$77,264
Expenses$88,959
Net Income-$11,695
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,585
Liabilities
$0
Net assets
$12,585
Revenue
$77,264
Expenses
$88,959
Net income
-$11,695
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$77.3$89.0$11.7
2023Detailed filing. Detailed filing data is available for this year.$24.3$0.00$24.3$55.1$30.8$24.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$77,264
Mission and Program Overview

Mission

The drawing foundation is a community-focused non-profit dedicated to the study and appreciation of drawings. The drawing foundation seeks to cultivate a network of individuals interested in and passionate about drawings, connecting arts professionals and practitioners to emerging scholarship and innovative programming, and to each other in an effort to promote engagement with drawing both historic and contemporary practices and its various audiences. By nurturing a community of individuals devoted to this fundamental form of mark-making, the drawing foundation will help foster the next generation of scholars and students, curators and audiences, dealers and collectors, and artists and art-lovers.

Program Services

DescriptionGrantsExpenses
BEGAN A GALLERY PARTNERSHIP PROGRAM WHERE GALLERIES CAN PAY A NOMINAL FEE TO SUPPORT PROGRAMMING AND IN RETURN THEIR GALLERIES AND EVENTS ARE LISTED ON OUR WEBSITE.WE ORGANIZED TWO NEW MAJOR EVENTS: ON DRAWINGS AND THE DRAWING COMPETITION. ON DRAWINGS IS TWO DAYS OF DRAWING-FOCUSED LECTURES AND EXHIBITION TOURS IN NEW YORK CITY. THE DRAWING COMPETITION IS A FULL DAY LIFE-DRAWING EVENT WHERE ARTISTS DRAW FROM THE MODEL AND SUBMIT THEIR WORK TO A PANEL OF JUDGES FOR CASH AND MATERIAL PRIZES.$0$88,959
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALLISON WUCHERTreasurerPT$0--
SIMON LEVENSONPresidentPT$0--
STEPHEN ONGPINBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Drawing Foundation Inc
EIN
92-2978311
Phone
6507432334
Address
15 GRAMERCY PARK SOUTH 302, NEW YORK, NY 10003

Signing Officer

Name
Allison Wucher
Title
Treasurer
Phone
6462217177
Signed
2025-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Presti & Naegele LLC
Address
225 WEST 35TH STREET 5TH FLOOR, NEW YORK, NY 10001
Preparer
Annemarie Aguanno CPA
Phone
2127360055
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: business fees. Amount: 2,808. Description: technology. Amount: 3,296. Description: meals and travel. Amount: 31,355. Description: bank fees. Amount: 331. Description: continuing education. Amount: 85. Description: web development. Amount: 17,258. Total to form 990-ez, line 16: 55,133.”

Raw XML Appendix136 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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IRS990EZ/PrimaryExemptPurposeTxt0THE DRAWING FOUNDATION IS A COMMUNITY-FOCUSED NON-PROFIT DEDICATED TO THE STUDY AND APPRECIATION OF DRAWINGS. THE DRAWING FOUNDATION SEEKS TO CULTIVATE A NETWORK OF INDIVIDUALS INTERESTED IN AND PASSIONATE ABOUT DRAWINGS, CONNECTING ARTS PROFESSIONALS AND PRACTITIONERS TO EMERGING SCHOLARSHIP AND INNOVATIVE PROGRAMMING, AND TO EACH OTHER IN AN EFFORT TO PROMOTE ENGAGEMENT WITH DRAWING BOTH HISTORIC AND CONTEMPORARY PRACTICES AND ITS VARIOUS AUDIENCES. BY NURTURING A COMMUNITY OF INDIVIDUALS DEVOTED TO THIS FUNDAMENTAL FORM OF MARK-MAKING, THE DRAWING FOUNDATION WILL HELP FOSTER THE NEXT GENERATION OF SCHOLARS AND STUDENTS, CURATORS AND AUDIENCES, DEALERS AND COLLECTORS, AND ARTISTS AND ART-LOVERS.
IRS990EZ/PrintingPublicationsPostageAmt03
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt073514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt055000
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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