FRIENDS OF THE NEUBERGER MUSEUM OF ART INC

EIN: 237179855 501(c)(3) Arts, Culture & Humanities

PURCHASE, NY

Total Revenue
$972,151
Total Expenses
$1,204,794
Total Assets
$10,895,107
Net Assets
$10,790,610
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
PAUL ZUKOWSKY
Phone
9142516100
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE NEUBERGER MUSEUM OF ART INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $972K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

SUPPORT AND DEVELOPMENT OF THE NEUBERGER MUSEUM OF ART AND FINE ARTS PROGRAMS AT PURCHASE COLLEGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $391,204
Program Service Revenue $8,500
Investment Income $572,447
Other Revenue $0
TOTAL REVENUE $972,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $239,194
Program Expenses $804,829
Other Expenses $1,204,794
TOTAL EXPENSES $1,204,794

Year-over-Year Comparison

2024 2023 Change
Revenue $972,151 $433,888 +1.2%
Expenses $1,204,794 $1,258,567 0.0%
Net Income $-232,643 $-824,679 -0.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
14
Employees
N/A
Volunteers
46

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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ZUKOWSKY CHAIR 1.50
Officer Director
$0 $0 $0
BONNIE ROMANO VICE CHAIR 1.50
Officer Director
$0 $0 $0
JAMES DUBIN TREASURER 1.50
Officer Director
$0 $0 $0
SUSAN DUBIN SECRETARY 1.50
Officer Director
$0 $0 $0
TONY MADDALENA TRUSTEE 1.00
Director
$0 $0 $0
BILL BRAVERMAN TRUSTEE 1.00
Director
$0 $0 $0
DANIEL FELDMAN TRUSTEE 1.00
Director
$0 $0 $0
JAMIE GORDON TRUSTEE 1.00
Director
$0 $0 $0
LAUREN KARP TRUSTEE 1.00
Director
$0 $0 $0
JIM NEUBERGER TRUSTEE 1.00
Director
$0 $0 $0
STACEY OESTREICH TRUSTEE 1.00
Director
$0 $0 $0
HELEN STAMBLER NEUBERGER TRUSTEE 1.00
Director
$0 $0 $0
FRED WILSON TRUSTEE 1.00
Director
$0 $0 $0
FRANS HIJKOOP TRUSTEE 1.00
Director
$0 $0 $0
MARC GROSSMAN TRUSTEE 1.00
Director
$0 $0 $0
MILAGROS PENA TRUSTEE - EX-OFFICIO 1.00
Director
$0 $0 $0
EARNEST LAMB TRUSTEE - EX-OFFICIO 3.00
Director
$0 $0 $0
JASON SOTO TRUSTEE - EX-OFFICIO 3.00
Director
$0 $0 $0
TRACY FITZPATRICK MUSEUM EXEC DIR TRUSTEE - EX-OFFICIO 3.00
Director
$0 $0 $0
SUELLEN PELUSO TRUSTEE - EX-OFFICIO 1.00
Director
$0 $0 $0
SHARI SIMS TRUSTEE - EX-OFFICIO 1.00
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
2025 $972,151 $1,204,794 $10,895,107 $-232,643
2024 $433,888 $1,258,567 $10,727,883 $-824,679
2023 $830,808 $1,203,932 $10,690,021 $-373,124
2022 $1,582,206 $1,440,333 $10,383,737 $141,873
2021 $3,491,173 $641,846 $12,428,606 $2,849,327
2020 $680,714 $1,056,553 $10,154,107 $-375,839
2019 $1,224,712 $996,892 $10,569,928 $227,820
2018 $3,401,553 $1,177,321 $10,405,026 $2,224,232
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