SILVER2023

THE ART STUDENTS LEAGUE OF NEW YORK

Founded by artists and supporting artists since 1875

GuideStar Charity Check

THE ART STUDENTS LEAGUE OF NEW YORK

EIN: 13-1844837


Mission

The Art Students League of New York is committed to making fine art education accessible to all.

Ruling year info

1939

Artistic/Executive Director

Mr. Michael Hall

Main address

215 W 57th St

New York, NY 10019-2104 USA

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EIN

13-1844837

Subject area info

Arts education

Visual arts

Population served info

Adults

Children and youth

Adolescents

NTEE code info

Arts Education/Schools (A25)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Art Education

The League provides a hands-on studio education, based on the Atelier method, accessible to anyone who truly aspires to develop as an artist, whether pursuing a profession in the fine arts or just beginning an artistic journey. Our supportive community is diverse in age, background and experience, as students strive together to learn. Prominent artists teach classes in drawing, painting, sculpture, printmaking, welding and mixed media, in 100 affordable studio art classes. The League also supports the professional development of emerging artists with opportunities to exhibit, sell, and teach.

Population(s) Served
Adults
Children and youth

Seeds of The League is The Art Students League of New York’s community youth program. Seeds partners with public schools and social service organizations across New York City to provide arts programming where it would otherwise not be accessible.

Seeds also provides full scholarships to artists ages 8 and up from underserved backgrounds to take classes at The Art Students League with our renowned instructors. In the ten years since its founding, Seeds of The League has given out more than 650 scholarships for study at The League. Seeds students have gone on to earn over $1,000,000 to support the cost of college tuition, and many have built careers they might not have had access to otherwise: they are now architects, teachers, illustrators, animators and more.

Population(s) Served
Children and youth

Works in Public (formerly known as Model to Monument) is a professional development program for League artists that was begun in partnership with the New York City Department of Parks & Recreation in 2010. Works in Public trains a diverse, international group of League students in the process of creating large-scale sculpture for outdoor public spaces. ​​Forty-six artists have completed this program and had their sculptures installed in year-long public exhibitions at Riverside Park South and Riverside Park at 145th Street. The program is open to advanced League students in any discipline. Starting in 2022, Works in Public has been re-conceived as a two-year intensive course of study, culminating in the installation of artwork in Riverside Park at 145th Street for a one-year public exhibition.

Population(s) Served
Adults

The League’s intensive Certificate Program is designed to cultivate growth of the individual’s talent within the League’s renowned atelier system. The Certificate Program consists of a prescribed course of study leading to a Certificate of Completion. The prescribed course of study is a dedicated two- or four-year plan of intensive study, tailored to meet professional and personal artistic interests. This semester-based program allows for two starting periods: September and January.

Students in the Certificate Program benefit from: Ongoing educational and professional development support from the League Student Affairs Department; An official certificate authenticating successful completion of a formalized art curriculum; A gallery exhibition with all students completing the Certificate Program that year; A wealth of other programs at the League, including intensive workshops; 12-week, goal focused “sequential” classes; exhibition and public art opportunities.

Population(s) Served
Adults

The Art Students League is committed to offering exhibition opportunities to our student/member artists. Exhibition Outreach (EO) displays the work of League artists in venues throughout the tristate area for viewing by hundreds of thousands of people.

Students gain experience entering their work in competition, preparing their work for display, and marketing their work for sale. Since its inception in 2006, EO has placed works by more than 800 artists in more than 200 exhibitions, at such major venues and fairs including the Affordable Art Fair, the Governors Island Art Fair, as well as participation in EOP public art events, including Sketch in the Park. Other exhibition venues have included AT Kearney, Squire Patton Boggs, ​NYIAC, and the Conference Board. Most recently, EO has expanded its reach with institutional partnerships, including Riverside Park Conservancy, and a new collaboration with ChaShaMa.

Population(s) Served
Adults

In September 2018, the Art Students League of New York launched a new class for talented high school juniors and seniors as part of the “Aspiring Artists High School Program.” This professional-level class on Sunday afternoons during the academic year is a unique opportunity for young artists interested in developing their observational skills in painting from nature and working with other exceptional young artists. The class is taught by the renowned contemporary still life painter Amy Weiskopf, who will select up to 25 students by portfolio application. Every student will receive a full scholarship that will cover tuition and materials. This is an extraordinary opportunity to study at one of the country’s leading art schools. Students will paint directly from life as they learn the fundamentals of oil painting: light, color, form, space, and composition, the very building blocks of individual expression.

Population(s) Served
Adolescents

Where we work

Financials

THE ART STUDENTS LEAGUE OF NEW YORK
Fiscal year: Jun 01 - May 31
Financial documents
2021 The Art Students League of New York 2019 The Art Students League of New York
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

24.15

Average of 51.78 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

1.6

Average of 2.8 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

14%

Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

THE ART STUDENTS LEAGUE OF NEW YORK

Revenue & expenses

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

THE ART STUDENTS LEAGUE OF NEW YORK

Balance sheet

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

THE ART STUDENTS LEAGUE OF NEW YORK

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

This snapshot of THE ART STUDENTS LEAGUE OF NEW YORK’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation -$3,043,985 -$1,617,987 $22,128,514 -$9,175,211 -$5,522,134
As % of expenses -27.4% -14.5% 220.1% -74.7% -41.6%
Unrestricted surplus (deficit) after depreciation -$3,594,887 -$2,188,672 $21,499,640 -$9,955,090 -$6,319,634
As % of expenses -30.8% -18.7% 201.2% -76.2% -44.9%
Revenue composition info
Total revenue (unrestricted & restricted) $19,894,923 $18,313,275 $18,288,256 $14,274,262 $12,148,456
Total revenue, % change over prior year 94.8% -8.0% -0.1% -21.9% -14.9%
Program services revenue 29.5% 25.0% 18.9% 32.4% 48.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 16.6% 11.1% 21.3% 15.3% 16.5%
Government grants 0.1% 0.2% 7.9% 8.9% 1.0%
All other grants and contributions 53.8% 7.8% 9.6% 12.1% 27.8%
Other revenue 0.0% 56.0% 42.4% 31.3% 6.7%
Expense composition info
Total expenses before depreciation $11,114,912 $11,134,743 $10,055,261 $12,289,458 $13,268,794
Total expenses, % change over prior year 7.2% 0.2% -9.7% 22.2% 8.0%
Personnel 63.6% 67.9% 69.8% 68.2% 64.9%
Professional fees 9.0% 8.3% 12.8% 7.9% 8.9%
Occupancy 3.2% 3.1% 3.3% 3.6% 3.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.8% 0.6% 0.1% 0.2% 0.7%
All other expenses 23.3% 20.0% 14.0% 20.2% 21.9%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $11,665,814 $11,705,428 $10,684,135 $13,069,337 $14,066,294
One month of savings $926,243 $927,895 $837,938 $1,024,122 $1,105,733
Debt principal payment $0 $0 $224,150 $1,183,000 $0
Fixed asset additions $0 $0 $1,686,800 $0 $1,467,095
Total full costs (estimated) $12,592,057 $12,633,323 $13,433,023 $15,276,459 $16,639,122

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 4.1 6.7 7.5 2.2 1.6
Months of cash and investments 101.4 99.9 147.6 104.0 90.5
Months of estimated liquid unrestricted net assets 63.3 61.2 92.2 66.0 54.8
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $3,774,326 $6,182,037 $6,260,463 $2,267,663 $1,774,940
Investments $90,186,709 $86,493,639 $117,397,924 $104,282,292 $98,265,006
Receivables $36,657 $60,536 $95,727 $110,522 $48,286
Gross land, buildings, equipment (LBE) $13,756,326 $13,215,918 $14,328,138 $14,871,155 $16,338,250
Accumulated depreciation (as a % of LBE) 59.9% 61.1% 56.8% 59.9% 59.4%
Liabilities (as a % of assets) 2.8% 4.5% 2.8% 1.1% 1.1%
Unrestricted net assets $64,151,829 $61,963,157 $83,462,797 $73,507,707 $67,188,073
Temporarily restricted net assets $21,402,067 N/A N/A N/A N/A
Permanently restricted net assets $12,071,770 N/A N/A N/A N/A
Total restricted net assets $33,473,837 $31,878,445 $43,289,438 $38,159,129 $38,621,119
Total net assets $97,625,666 $93,841,602 $126,752,235 $111,666,836 $105,809,192

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Artistic/Executive Director

Mr. Michael Hall

Michael Hall has been the Artistic & Executive Director of The Art Students League of New York since November 2020. Hall had been with Art Basel as the Global Head of Operations & Logistics from 2015, managing the fair’s production in Basel, Miami, and Hong Kong. A practicing artist himself who frequently collaborates with artists on independent projects, Hall brings the combined experience of organizational leadership, art world knowledge and artistic practice to his position. A graduate of Mason Gross School of the Arts, Hall has held leadership positions with The Armory Show as Managing Director and Hauser & Wirth New York. His collaborations with artists and friends include projects at the Venice Biennale: Tavares Strachan for the inaugural pavilion for The Bahamas in 2013, and Patricia Cronin’s 2017 collateral event Shrine for Girls. He was also a Director for North America for Eyestorm Inc. and Artnet.com and has worked Princeton University Art Museum and Zimmerli Art Museum.

Number of employees

Source: IRS Form 990

THE ART STUDENTS LEAGUE OF NEW YORK

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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THE ART STUDENTS LEAGUE OF NEW YORK

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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THE ART STUDENTS LEAGUE OF NEW YORK

Board of directors
as of 08/03/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Ms. Robin Lechter Frank

Robin L. Lechter Frank

Jack Gordon

Jacquetta Szathmari

Jack Howard-Potter

Yoko Cohen

Stephen Durkee

Harriet Lester

Jonathan Spies

Patricia Van Ardoy

Alan Katz

Dana Sachs

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser