GALLERY NORTH INC

EIN: 112368016 501(c)(3) Arts, Culture & Humanities

EAST SETAUKET, NY

Total Revenue
$1,980,808
Total Expenses
$814,389
Total Assets
$4,746,975
Net Assets
$4,015,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NY
Principal Officer
ALEXANDER BADALAMENTI
Phone
6317512676
Tax Period
2023-10-01 to 2024-09-30

GALLERY NORTH INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 59% operating margin.

Mission

GALLERY NORTH IS A NOT-FOR-PROFIT FINE ART GALLERY WITH A MISSION TO PRESENT EXHIBITIONS OF CONTEMPORARY ARTISTS AND CRAFTS PERSONS, TO ASSIST AND ENCOURAGE ARTISTS BY BRINGING THEIR WORK TO THE ATTENTION OF THE PUBLIC, AND TO STIMULATE INTEREST IN THE ARTS BY PRESENTING INNOVATIVE, EDUCATIONAL PROGRAMS. FURTHERMORE, GALLERY NORTH IS ORGANIZED TO SUPPORT ARTISTS OF THE LONG ISLAND REGION, TO OFFER EXHIBITIONS AND PROGRAMMING FOR THE ENJOYMENT OF CITIZENS OF THE STATE OF NEW YORK, TO EMBRACE THE ROLE OF DIVERSITY IN STRENGTHENING THE ARTS, AND TO ENGAGE IN LAWFUL ACTS OR ACTIVITIES FOR WHICH NOT-FOR-PROFIT CORPORATIONS MAY BE ORGANIZED UNDER NEW YORK NOT-FOR-PROFIT CORPORATION LAW.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,615,019
Program Service Revenue $336,368
Investment Income $22,489
Other Revenue $6,932
TOTAL REVENUE $1,980,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,092
Fundraising Expenses $149,450
Program Expenses $557,807
Other Expenses $387,297
TOTAL EXPENSES $814,389

Year-over-Year Comparison

2023 2022 Change
Revenue $1,980,808 $2,535,185 -0.2%
Expenses $814,389 $668,050 +0.2%
Net Income $1,166,419 $1,867,135 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
10
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$110,000
Total Directors
12
$110,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD PUCHNER EXECUTIVE DIRECTOR 40.00
Officer Director
$110,000 $0 $110,000
NANCY GOROFF PRESIDENT 5.00
Officer Director
$0 $0 $0
ALEX BADALAMENTI TREASURER 5.00
Officer Director
$0 $0 $0
MICHAEL ARDOLINO TRUSTEE 5.00
Director
$0 $0 $0
NEIL MACDONALD VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JANICE GABRIEL TRUSTEE 5.00
Director
$0 $0 $0
STEPHANIE GRESS SECRETARY 5.00
Officer Director
$0 $0 $0
TALI HINKIS TRUSTEE 5.00
Director
$0 $0 $0
NADIA BUSSEUIL TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH FISH TRUSTEE 5.00
Director
$0 $0 $0
ROBERTA GORDON TRUSTEE 5.00
Director
$0 $0 $0
KAREN LEVITOV TRUSTEE 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,980,808 $814,389 $4,746,975 $1,166,419
2023 $2,535,185 $668,050 $3,904,198 $1,867,135
2022 $820,462 $620,061 $2,086,364 $200,401
2021 $416,383 $466,382 $1,967,190 $-49,999
2020 $404,218 $466,692 $1,983,146 $-62,474
2019 $489,716 $516,341 $2,082,491 $-26,625
2019 $489,716 $516,343 $2,082,491 $-26,627
2018 $327,389 $391,945 $1,634,856 $-64,556
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