NEW ART DEALERS ALLIANCE INC

EIN: 200300913 Community Improvement

NEW YORK, NY

Total Revenue
$4,079,206
Total Expenses
$3,797,123
Total Assets
$3,909,950
Net Assets
$3,110,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
HEATHER HUBBS
Phone
2125940883
Tax Period
2024-01-01 to 2024-12-31

NEW ART DEALERS ALLIANCE INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 7% surplus.

Mission

THE MISSION OF NEW ART DEALERS ALLIANCE IS TO CREATE AN OPEN FLOW OF INFORMATION, SUPPORT, AND COLLABORATION WITHIN OUR FIELD AND TO DEVELOP A STRONGER SENSE OF COMMUNITY AMONG OUR CONSTITUENCY. WE BELIEVE THAT THE ADVERSARIAL APPROACH TO EXHIBITING AND SELLING ART HAS RUN ITS COURSE. WE BELIEVE THAT CHANGE CAN BE ACHIEVED THROUGH FOSTERING CONSTRUCTIVE THOUGHT AND DIALOGUE BETWEEN VARIOUS POINTS IN THE ART INDUSTRY FROM LARGE GALLERIES TO SMALL SPACES, NON-PROFIT AND COMMERCIAL ALIKE.

Program Service Accomplishments

Program 1

NADA IS COMPRISED OF INDIVIDUAL ART PROFESSIONALS (YOUNG DIRECTORS OF ESTABLISHED GALLERIES, NONPROFIT ORGANIZATIONS, AND INDEPENDENT CURATORS) AS WELL AS YOUNG GALLERIES FROM AROUND THE WORLD. TO...

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NADA IS COMPRISED OF INDIVIDUAL ART PROFESSIONALS (YOUNG DIRECTORS OF ESTABLISHED GALLERIES, NONPROFIT ORGANIZATIONS, AND INDEPENDENT CURATORS) AS WELL AS YOUNG GALLERIES FROM AROUND THE WORLD. TO DATE, THERE ARE MORE THAN 100 MEMBERS FROM CITIES INCLUDING CHICAGO, LOS ANGELES, SAN FRANCISCO, TOKYO, LONDON, PARIS, MUNICH AND BERLIN, WITH THE LARGEST CONSTITUENCY BASED IN NEW YORK CITY. OUR YEAR-ROUND PROGRAMMING AND EDUCATIONAL INITIATIVES INCLUDES ARTIST TALKS, GALLERY WALKS WITH IMPORTANT CURATORS, BENEFITS SUPPORTING CHARITABLE INSTITUTIONS, MEMBERS-ONLY SEMINARS TO STIMULATE PROFESSIONAL DEDICATION AND ETHICS.EACH DECEMBER IN MIAMI, NADA RUNS A RENOWNED ART FAIR TO VIGOROUSLY PURSUE OUR GOALS OF EXPLORING NEW OR UNDEREXPOSED ART THAT IS NOT TYPICAL OF THE "ART ESTABLISHMENT." IT IS THE ONLY MAJOR AMERICAN ART FAIR TO BE RUN BY A NON-PROFIT ORGANIZATION. NADA'S FAIR IS HELD IN PARALLEL WITH ART BASEL MIAMI BEACH AND IS RECOGNIZED AS A MUCH NEEDED ALTERNATIVE ASSEMBLY OF THE WORLD'S YOUNGEST AND STRONGEST ART GALLERIES. AS THE PREMIERE SOURCE FOR INNOVATIVE AND NEW ARTWORK BY THE RISING STARS OF THE ART WORLD, THE FAIR ATTRACTS THE MOST INFLUENTIAL AND AFFLUENT CONSTITUENCY OF ART COLLECTORS. FAIR SALES HAVE QUADRUPLED FROM $1.8M IN 2003 TO MORE THAN $10M IN 2006 WITH OVER 18,000 ANNUAL ATTENDEES. THE CHARACTER OF THE NADA FAIR, THE FAIR EXHIBITORS, THE ECONOMIC MODEL AND THE NON-PROFIT STATUS OF THE FAIR TOGETHER MARK INNOVATIONS IN THE INDUSTRY.THE IDENTITY OF THE FAIR IS ONE OF "YOUTH APPEAL," WHICH HAS BEEN AN ATTRACTION TO ESTABLISHED, OLDER ART COLLECTORS AND YOUNGER, "NEXT GENERATION" COLLECTORS ALIKE. ESTABLISHED COLLECTORS OFTEN SEE THE FAIR AS A WAY OF ENGAGING WITH THIS "NEXT GENERATION AND THE YOUNGER COLLECTORS FEEL THAT THIS IS AN APPROACHABLE ENVIRONMENT FOR THEM TO GAIN ACCESS TO THE ART WORLD. AT THE CORE OF THE NEW ART DEALERS ALLIANCE IS A GENUINE CONCERN FOR THE FUTURE OF THE ARTS. NADA ENVISIONS THE INTERNATIONAL GROWTH OF ITS COMMUNITY TO BE BASED ON COLLABORATION, OPENNESS AND APPROACHABILITY. THE NADA FAIR ITSELF REPRESENTS AN EFFORT TOWARD COMMUNITY OUTREACH.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,573,019
Investment Income $1,161
Other Revenue $505,026
TOTAL REVENUE $4,079,206

Expense Breakdown

Grants Paid $14,594
Salaries & Benefits $756,551
Fundraising Expenses $0
Other Expenses $3,025,978
TOTAL EXPENSES $3,797,123

Year-over-Year Comparison

2024 2023 Change
Revenue $4,079,206 $3,886,561 +0.0%
Expenses $3,797,123 $3,508,315 +0.1%
Net Income $282,083 $378,246 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
8
Volunteers
13

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
$226,065
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EBONY HAYNES CO-PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFFREY ROSEN CO-PRESIDENT 1.00
Officer Director
$0 $0 $0
STEPHAN BENOCHAM VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RENAUD PROCH TREASURER 1.00
Officer Director
$0 $0 $0
ADAM ABDALLA BOARD MEMBER 1.00
Director
$0 $0 $0
AUGUSTO ARBIZO BOARD MEMBER 1.00
Director
$0 $0 $0
DANNY BAEZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOEONNNA BELLDORADO SAMUELS BOARD MEMBER 1.00
Director
$0 $0 $0
ARON GENT BOARD MEMBER 1.00
Director
$0 $0 $0
AL MORAN BOARD MEMBER 1.00
Director
$0 $0 $0
ELLIE RINES BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL UFFNER BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER M HUBBS EXECUTIVE DIRECTOR 40.00
Officer
$200,288 $25,777 $226,065
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 $4,079,206 $3,797,123 $3,909,950 $282,083
2023 $3,886,561 $3,508,315 $3,321,048 $378,246
2022 $4,317,611 $3,185,579 $2,709,134 $1,132,032
2021 $1,989,238 $1,764,168 $1,615,320 $225,070
2020 $650,832 $936,901 $1,301,156 $-286,069
2019 $1,824,712 $1,796,230 $1,521,985 $28,482
2018 $2,276,008 $2,320,138 $1,404,893 $-44,130
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