Parrish Art Museum INC

Tax-deductible

Water Mill, NY501(c)(3)Since 1897Arts & CultureEIN 11-1782495

The Museum encourages an appreciation of art through exhibitions and educational programs and promotes an understanding and appreciation of artwork on view to the general public.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 30 volunteers and 69 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $885K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 17% of spending
Top officer’s pay higher than 52% of similar orgs
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.7M
+212% vs prior year
Spent
$7.3M
To programs
76%
Net assets
$44.0M
By yearFY2020–FY2024
Revenue
$14.7M
FY2024▲ +212%
Revenue by fiscal year
FY2020$4.0M
FY2021$6.0M
FY2022$4.5M
FY2023$4.7M
FY2024$14.7M
Expenses
$7.3M
FY2024▲ +19%
Expenses by fiscal year
FY2020$4.7M
FY2021$5.2M
FY2022$6.2M
FY2023$6.1M
FY2024$7.3M
Net assets
$44.0M
FY2024▲ +21%
Net assets by fiscal year
FY2020$39.2M
FY2021$40.1M
FY2022$37.5M
FY2023$36.4M
FY2024$44.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $5.6M Management & general 9% · $666K Fundraising 15% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

36 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$337,596Pt VII · Sec A
Dep Dir Princ Gfts
$187,615Pt VII · Sec A
Dir. Finance & Adm
$144,808Pt VII · Sec A
Development Offic.
$140,000Pt VII · Sec A
Former Deputy Director
$122,404Pt VII · Sec A
Dir. Donor Communi
$120,000Pt VII · Sec A
Former Director Corporate
$112,615Pt VII · Sec A
Cafe Asst Manager
$103,878Pt VII · Sec A

Monica Ramirez-Montagut’s $338K as Executive Director is at the 52nd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Monica Ramirez-Montagut$337,596$330,000$144,266——
Terrie Sultan————$316,500
Kelly Taxter——$88,462$187,768—
Paul Andrews$187,615————
Marc Giosi—$159,231———
Alexandra Robertson$144,808$93,462———
Melanie Crader—$108,858$143,570——
Christopher Siefert————$141,102

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Showcases art through exhibits and education, fostering public appreciation and understanding.

Provided by the organization

This section is blank until Parrish Art Museum INC claims this page.

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1 program service account for $5.6M of program spending, described in the organization's own filed words · FY2024.
01

The parrish art museum, inc., is located in water mill, new york and accredited by the american alliance of museums. The museum was founded in 1897 by samuel longstreth parrish and was chartered by the university of the state of new york education department in 1954.

$5.6Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$14.7M
Ln 12
Gifts and grantsLn 1h$12.9M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$325K
Money outPt IX
$7.3M
Ln 25
Programscol B$5.6M
Managementcol C$666K
Fundraisingcol D$1.1M
Owns and owesPt X
$44.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$46.4M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
36
listed · VII A
PaidVII A8
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.9M
Government grantsLn 1e$583K
Noncash giftsLn 1g$9.5M
Fundraising eventsLn 1c$746K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$325K
Other incomeLn 4–11$317K
Gains on assetsLn 7$123K
Total revenueLn 12$14.7M
Assets in detailPt X, end of year
CashLn 1$896K
SavingsLn 2$471K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$5.4M
Land, buildings, equipmentLn 10c$38.9M
Other assetsLn 15$32K
Total assetsLn 16$46.4M
LiabilitiesLn 26$2.4M
Net assetsLn 32$44.0M
OperationsPt I, VI
EmployeesI 569
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$1.4M
InvestmentsLn 11–13$5.8M$5.4M
Land, buildings, equipmentLn 10c$30.4M$38.9M
Total assetsLn 16$38.4M$46.4M
LiabilitiesLn 26$1.9M$2.4M
Net assetsLn 32$36.4M$44.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$347K$235K$28K$84K
Pay of disqualified personsLn 6$253K$171K$20K$61K
Other salaries and wagesLn 7$2.5M$1.7M$201K$607K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$326K$227K$22K$76K
Payroll taxesLn 10$281K$198K$18K$64K
Management feesLn 11a$0
Legal feesLn 11b$111K$99K$12K$783
Accounting feesLn 11c$38K$34K$4K$267
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$32K$32K
Other fees for servicesLn 11g$712K$678K$19K$14K
Advertising and promotionLn 12$23K$22K$953
Office expensesLn 13$87K$83K$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$269K$228K$38K$3K
TravelLn 17$61K$46K$4K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$134K$66K$68K$570
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$859K$730K$120K$9K
InsuranceLn 23$175K$153K$21K$1K
Other expenses (24a–d)Ln 24$708K$635K$32K$41K
All other expensesLn 24e$385K$271K$23K$90K
Total functional expensesLn 25$7.3M$5.6M$666K$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $14.7M$7.3M$7.4M$44.0M 990 PDF
FY2023 $4.7M$6.1M−$1.4M$36.4M 990 PDF
FY2022 $4.5M$6.2M−$1.7M$37.5M 990 PDF
FY2021 $6.0M$5.2M$790K$40.1M 990 PDF
FY2020 $4.0M$4.7M−$677K$39.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $14,728,028 across 12 lines filed
Lines not itemized here account for $316,754 of total revenue; see the IRS return.
VIII-1c Fundraising events$745,748
VIII-1e Government grants$582,961
VIII-1f All other contributions, gifts and grants$11,588,548
VIII-1g Noncash contributions (included above)$9,460,878
VIII-1h Total contributions, gifts and grants$12,917,257
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,169,431$1,169,431
VIII-3 Investment incomeExcluded from tax $201,676$201,676
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $122,910$122,910
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,486,185 · Excluded from tax $324,586$14,728,028
Part IX · Statement of functional expenses $7,300,783 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $235,054 · Management $27,983 · Fundraising $84,328$347,365
IX-6 Pay of disqualified personsPrograms $171,318 · Management $20,395 · Fundraising $61,462$253,175
IX-7 Other salaries and wagesPrograms $1,691,809 · Management $201,405 · Fundraising $606,957$2,500,171
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $227,264 · Management $22,041 · Fundraising $76,272$325,577
IX-10 Payroll taxesPrograms $198,196 · Management $18,499 · Fundraising $64,080$280,775
IX-11a Management fees$0
IX-11b Legal feesPrograms $98,803 · Management $11,736 · Fundraising $783$111,322
IX-11c Accounting feesPrograms $33,727 · Management $4,006 · Fundraising $267$38,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $32,122$32,122
IX-11g Other fees for servicesPrograms $678,347 · Management $19,357 · Fundraising $14,241$711,945
IX-12 Advertising and promotionPrograms $21,622 · Fundraising $953$22,575
IX-13 Office expensesPrograms $82,749 · Management $2,076 · Fundraising $2,017$86,842
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $228,324 · Management $37,600 · Fundraising $2,690$268,614
IX-17 TravelPrograms $46,216 · Management $3,768 · Fundraising $11,288$61,272
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $65,900 · Management $67,995 · Fundraising $570$134,465
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $729,940 · Management $120,230 · Fundraising $8,590$858,760
IX-23 InsurancePrograms $152,568 · Management $21,409 · Fundraising $1,430$175,407
IX-24 Other expenses (24a–d)Programs $634,608 · Management $31,781 · Fundraising $41,442$707,831
IX-24e All other expensesPrograms $271,406 · Management $23,151 · Fundraising $90,008$384,565
IX-25 Total functional expensesPrograms $5,567,851 · Management $665,554 · Fundraising $1,067,378$7,300,783
Part X · Balance sheet $46,419,677 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $192,227$895,621
X-2 Savings and temporary cash investmentsStart of year $1,273,902$470,922
X-3 Pledges and grants receivableStart of year $468,500$592,587
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $13,201$62,589
X-9 Prepaid expenses and deferred chargesStart of year $98,001$56,240
X-10c Land, buildings and equipment, netStart of year $30,440,781$38,924,864
X-11 Publicly traded securitiesStart of year $5,838,299$5,384,971
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $40,035$31,883
X-16 Total assetsStart of year $38,364,946$46,419,677
X-17 Accounts payable and accrued expensesStart of year $214,414$335,709
X-19 Deferred revenueStart of year $337,713$299,546
X-25 Other liabilitiesStart of year $40,035$81,883
X-26 Total liabilitiesStart of year $1,944,866$2,405,567
X-27 Net assets without donor restrictionsStart of year $29,857,065$28,771,276
X-28 Net assets with donor restrictionsStart of year $6,563,015$15,242,834
X-32 Total net assets or fund balancesStart of year $36,420,080$44,014,110
X-33 Total liabilities and net assetsStart of year $38,364,946$46,419,677
Part XI · Reconciliation of net assets $44,014,110 net assets at year end
XI-1 Total revenue$14,728,028
XI-2 Total expenses$7,300,783
XI-3 Revenue less expenses$7,427,245
XI-4 Net assets at start of year$36,420,080
XI-5 Net unrealized gains (losses) on investments$177,185
XI-9 Other changes in net assets−$10,400
XI-10 Net assets at end of year$44,014,110

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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