irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $1.35MTHE CONTINUING EDUCATION PROGRAM AT THE ACADEMY OFFERS THE OPPORTUNITY TO STUDY PAINTING, DRAWING AND SCULPTURE TO INDIVIDUALS NOT INTERESTED IN PURSUING A MASTER OF FINE ARTS DEGREE OR HOPING TO BUILD THE SKILLS NEEDED TO SUCCESSFULLY APPLY TO OUR GRADUATE PROGRAM. LEARNING TO DRAW, PAINT OR SCULPT IN THE STUDIO OF A MASTER ARTIST IS A TIME-HONORED TRADITION THROUGH WHICH KNOWLEDGE AND SKILLS ARE PASSED FROM GENERATION TO GENERATION. THE "ATELIER" OF THE ACADEMY IS A CONTINUING EDUCATION PROGRAM THAT OFFERS THE SERIOUS STUDENT AND PASSIONATE BEGINNER AN OPPORTUNITY TO STUDY WITH ACCOMPLISHED ARTISTS. HERE, STUDENTS ACQUIRE THE SKILLS NECESSARY TO INVEST THEIR WORK WITH SOUND DRAFTSMANSHIP, CONVINCING TECHNIQUE AND VISUAL AUTHORITY. THE CONTINUING EDUCATION PROGRAM OFFERS CLASSES DURING THE WEEKDAYS AND EVENINGS, AS WELL AS DURING THE DAY ON SATURDAY AND SUNDAY. CLASSES AVERAGE 11 STUDENTS. ALL CLASSES ARE INSTRUCTED. AVERAGE TOTAL ENROLLMENT PER SEMESTER FOR ALL CLASSES IS 300 STUDENTS. THE ACADEMY SERVCES ON AVERAGE 1600 STUDENTS EACH YEAR. TYPICAL CLASSES MEET ONCE A WEEK FOR 3 HOURS. FALL AND SPRING SEMESTERS ARE 12 WEEKS IN LENGTH. SUMMER SEMESTER IS 10 WEEKS IN LENGTH.
- #2 $287KTHE NEW YORK ACADEMY OF ART'S EXHIBITION AND EVENTS PROGRAM PROMOTE THE ACADEMY'S COMMUNITY AND SUPPORT STUDENTS, ALUMNI, AND FACULTY BY PROVIDING EXHIBITION AND CAREER DEVELOPMENT OPPORTUNITIES, CREATING OCCASIONS TO ENGAGE WITH DONORS, COLLECTORS, AND THE GENERAL PUBLIC. BOTH DEPARTMENTS RAISE FUNDS FOR SCHOLARSHIPS, EDUCATIONAL PROGRAMMING AND GENERAL OPERATING, AND THESE DEPARTMENTS ALSO INCREASE THE AUDIENCE AND ENHANCE THE PROFILE OF THE SCHOOL. THE ACADEMY'S EVENTS/EXHIBITIONS TEAM IS RESPONSIBLE FOR THE CREATIVE AND BUDGETARY PRODUCTION OF NEARLY 50 UNIQUE AND NOTEWORTHY SPECIAL EVENTS, EXHIBITIONS, AND CULTIVATION-RELATED PROJECTS FROM CONCEPT THROUGH COMPLETION. THE ACADEMY'S EVENTS AND PROGRAMS INCLUDE MAJOR ART FAIRS, EXHIBITION OPENINGS, GATHERINGS FOR PATRONS, COLLECTORS, DEALERS, DRAWING PARTIES TO FURTHER CULTIVATE HIGHER-PROFILE ARTISTS AND NEW DONORS, OUR ANNUAL HOLIDAY PARTY, AND TWO MAJOR FUNDRAISING EVENTS DECK THE WALL AND TAKE HOME A NUDE.
named programs · 4 · from sources
What they call their work
Certificate of Fine Arts (CFA) Program
12-month, 36-credit studio program for full-time students seeking intensive training in fine arts
Continuing Education Program (Atelier)
Offers part-time classes in painting, drawing, and sculpture for serious students and beginners, with average annual enrollment of 1,600 students; classes meet weekly and are taught by accomplished artists
Exhibition and Events Program
Supports students, alumni, and faculty through exhibitions, career development opportunities, and public engagement events; produces nearly 50 events annually including art fairs and fundraising galas
Master of Fine Arts (MFA) Program
Graduate program providing rigorous technical training in figurative and representational art, combined with critical discourse and professional development
activities · 6 groups
What they do
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Community Art Education Workshops 3 activities
- Artist training in figurative sculptureProvides structured training in traditional hand-modeling of the human figure, life-scale figure modeling, formal composition, and historical context across multiple semesters. Includes critical feedback and discussions with prominent figurative sculptors to develop conceptual and technical skills aligned with contemporary practice.
- Continuing education in fine artsProvides semester-long continuing education classes in painting, drawing, and sculpture through an atelier model taught by accomplished artists, serving approximately 1,600 students annually. Also offers a Summer Undergraduate Residency Program (SURP) for emerging artists.
- Graduate and post-baccalaureate studio art educationOffers a two-year, 60-credit Master of Fine Arts program with 85% studio coursework in Drawing, Painting, or Sculpture, and a twelve-month, 36-credit Certificate of Fine Arts program focused on developing personal artistic vision and traditional skills in figurative and representational art. The MFA and CFA programs emphasize technical training combined with critical discourse.
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Student Support and Academic Services 1 activity
- Academic administration and student servicesManages class registration, classroom scheduling, enrollment verification, academic records, grading, transfer credit evaluation, degree audits, transcript requests, veterans' benefits, and FERPA compliance. Provides accessible academic data to support institutional research and departmental functions.
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Admissions and Enrollment Support Services 1 activity
- Admissions support servicesProvides free portfolio reviews for applicants to the Master of Fine Arts, Certificate of Fine Arts, and Summer Undergraduate Residency Program to support equitable access to admissions processes.
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Artist Residencies and Studio Programs 1 activity
- Alumni engagement and professional supportSupports alumni through access to networking events, artist residencies, exhibition opportunities, free drawing sessions, reunions, and group critiques. Graduates exhibit internationally and hold teaching positions at leading art institutions worldwide.
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Curated Art Exhibitions and Public Displays 1 activity
- Exhibition and public programmingHosts annual exhibitions including the public Certificate of Fine Arts show, lecture series, and major fundraising events such as Deck the Wall and Take Home a Nude. Uses Wilkinson Hall seasonally as a gallery for Academy and international artists and organizes nearly 50 special events, exhibitions, and cultivation projects annually.
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Event Venue Rental Services 1 activity
- Venue hosting for corporate and nonprofit eventsHosts lectures, art auctions, client receptions, fundraising dinners, product launches, and other events in Wilkinson Hall, providing space for external organizations to conduct cultural and institutional programming.
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financials · form 990 · fy2024
revenue
Total revenue$8.85M
Contributions & grants$2.63M30%
Program service revenue$6.34M72%
Investment income$240K3%
Other revenue$-366K
expenses
Total expenses$10.01M
Program expenses79%
Admin / overhead12%
Fundraising9%
Salaries & benefits$5.48M
Grants paid out$1.41M
Largest expense lineCompensation
balance sheet
Total assets$16.28M
Cash$145K
Investments$6.86M
Liabilities$6.70M
Net assets$9.58M
Liquid reserves8.4 mo
6 years on record · 2019–2024 · YoY revenue +1.2%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 7
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| STEPHAN KORSAKOV | CHIEF FINANCIAL OFFICER | 35 | $377K |
| DAVID KRATZ | PRESIDENT | 35 | $347K |
| PETER DRAKE | PROVOST | 35 | $238K |
| HARRY MICHAS | CHIEF OF STAFF | 35 | $204K |
| HEIDI A ELBERS | DIRECTOR OF EXHIBITIONS | 35 | $151K |
| JOHN BRYAN VOLK | VP SALES & MARKETING | 35 | $133K |
| ALYSSA MONKS | TRUSTEE | 1 | $9K |
board members · 18
- ALAIN BERNARD — TRUSTEE
- ALEXANDER GILKES — TRUSTEE
- ALLISON HILL-EDGAR — TRUSTEE
- ASHLEY ABESS — TRUSTEE
- BEN FEDER — TRUSTEE
- BOB COCHRAN — TREASURER
- BRIDGET GLESS KELLER — TRUSTEE
- BROOKE SHIELDS — TRUSTEE
- CHRIS WILSON — TRUSTEE (UNTIL 2/21/25)
- CURTIS BASHAW — TRUSTEE
- DAVID WALENTAS — TRUSTEE
- EILEEN GUGGENHEIM — BOARD CHAIR
- ERIC FISCHL — TRUSTEE
- GRAY COLEMAN — TRUSTEE
- HELEN KING — TRUSTEE
- JENNIFER GILBERT — TRUSTEE
- JENNIFER SCHIPF — TRUSTEE
- JONATHAN TIBETT — TRUSTEE
relationships · 20
Who they work with
- Alumni Association of the New York Academy of Art Partner — Co-organizes alumni programming including networking events, residencies, exhibition opportunities, and group critiques.
- Andy Warhol Partner — Co-founder of the New York Academy of Art in 1982
- Bellevue Hospital Center: Sexual Assault Response Team SAFE Center Partner — Confidential external resource for sexual assault response, offering crisis services and forensic exams.
- Beth Israel Medical Center: Rape Crisis & Domestic Violence Intervention Program Partner — Medical center program providing intervention and social work support for survivors of rape and domestic violence.
- Board of Regents of The University of the State of New York Government — Granted the Academy an Absolute Charter and previously accredited it from 1992 to 2018.
- Events Office Partner — Manages event inquiries and rentals at the Academy's facilities.
- Gay and Lesbian Anti-Violence Project Partner — Support organization providing crisis intervention and advocacy for LGBTQ+ individuals affected by violence.
- Lenox Hill Hospital Greenwich Village Partner — Hospital referral partner for medical attention and forensic examination in cases of sexual assault.
- Middle States Commission on Higher Education Government — Accredits the institution as a recognized higher education accrediting body.
- National Association of Schools of Art and Design Government — Specialized accrediting agency for art and design schools; grants associate membership accreditation.
- National Domestic Violence Hotline Partner — National helpline providing crisis intervention and support for individuals experiencing domestic violence.
- National Sexual Assault Hotline Partner — National helpline offering confidential support and resources for survivors of sexual assault.
- New York Asian Women’s Center Partner — Specialized support center for Asian women experiencing domestic and sexual violence, offering 24-hour hotline and counseling.
- New York County District Attorney’s Office Partner — Government office providing social services and counseling referrals for victims of sexual and domestic violence.
- New York Presbyterian Hospital DOVE: Domestic and Other Violent Emergencies Program Partner — Hospital-based program offering emergency services for domestic and other violent incidents, including sexual assault.
- New York-Presbyterian/Lower Manhattan Hospital Partner — Hospital referral partner for medical attention and forensic examination in cases of sexual assault.
- Phillips Auction House Partner — Hosted the "Take Home a Nude" event in partnership with the Academy.
- Safe Horizon Crisis Center Partner — External crisis center providing confidential support and advocacy for victims of sexual and domestic violence.
- Sarah Sager Partner — Registrar & PDSO responsible for overseeing registrar operations and student services.
- St. Luke’s-Roosevelt Hospital: Crime Victims Treatment Center – Roosevelt Office Partner — External treatment center offering counseling and medical services for crime victims, including sexual assault.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Atelier Model for Artistic Apprenticeshipmethodology: atelier_modelBy using a master-apprentice atelier model, the academy ensures the direct transmission of technical skills and artistic knowledge from accomplished artists to students, because immersive, studio-based instruction produces higher levels of technical mastery and professional readiness.
- Observational and Anatomical Foundation in Artistic Trainingmethodology: observational-anatomical trainingBy grounding artistic development in direct observation of the human body and anatomical study, the academy builds three-dimensional understanding and individual vision, because empirical visual training strengthens both technical execution and expressive capacity in figurative sculpture and drawing.
- Technical Training with Critical Discoursemethodology: technical-training-with-critical-discourseBy combining rigorous technical training in traditional figurative art with active critical discourse, the academy enables artists to realize their full creative vision through skilled, conceptually aware contemporary practice, because mastery of craft and conceptual engagement together produce artistically empowered graduates.