TOTAL REVENUE - FISCAL 2025
$61,700,822
Down 9.7% from $68,295,212 in fiscal 2024.
The Brooklyn Institute Of Arts
Brooklyn, New York - EIN 11-1672743 - Latest filing: fiscal 2025 (Jul 1, 2024 - Jun 30, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed May 14, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed May 14, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
The Brooklyn Institute Of Arts reported $61,700,822 in revenue and $70,937,003 in expenses in fiscal 2025, a deficit of $9,236,181 for the year. Program services took $48,769,504 of expenses, or 68.8%. The organization closed the year with $372,030,345 in net assets - about 62.9 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$70,937,003
Revenue minus expenses: -$9,236,181 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
68.8%
$48,769,504 of $70,937,003 went to program services.
NET ASSETS - END OF FISCAL 2025
$372,030,345
Total assets $400,201,543 minus total liabilities $28,171,198.
TOP EXECUTIVE PAY - FISCAL 2025
$733,399
Anne Pasternak, Shelby White & Leon Levy Director, as reported on the fiscal-2025 Form 990, filed May 14, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
580 Employees
Plus 0 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed May 14, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.14 - $6,534,273 in fundraising expenses divided by $46,339,747 in total contributions. On cash contributions only: $0.17.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $46,339,747 |
| Of Which Cash Contributions | $38,436,089 |
| Of Which Donated Goods (Noncash) | $7,903,658 |
| Membership Dues | $3,252,687 |
| Fundraising Events | $4,499,935 |
| Government Grants | $11,830,733 |
| All Other Contributions | $26,756,392 |
| Program Service Revenue | $6,360,446 |
| Investment Income | $7,046,020 |
| Other Revenue | $1,954,609 |
| Total Revenue (All Sources) | $61,700,822 |
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
62.9 Months
of reserves - $372,030,345 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $5,911,416 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $400,201,543 |
| Total Liabilities | $28,171,198 |
| Liabilities as Share of Assets | 7.0% |
| Net Assets | $372,030,345 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed May 14, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Anne Pasternak - Shelby White & Leon Levy Director | $733,399 | 1.03% |
| Kimberly Panicek Trueblood - President & COO (Thru 12/2024) | $427,048 | 0.60% |
| Carlin Goettel - Chief Development Officer | $350,450 | 0.49% |
| Sharon Atkins - Deputy Director For Art | $340,602 | 0.48% |
| Heather Li Thru 052025 - Chief Financial Officer | $321,223 | 0.45% |
| Hardat Raywat - Deputy Dir. For Ops., Eng. & Facil. | $306,726 | 0.43% |
| Keonna Hendrick - Deputy Dir. For Learn. & Social Imp. | $233,771 | 0.33% |
| Nancy Currey - Director Of Human Resources | $208,321 | 0.29% |
| Catherine Futter - Director Of Curatorial Affairs | $195,627 | 0.28% |
| Sofie H Andersen Thru 0225 - Chief Marketing And Brand Officer | $176,873 | 0.25% |
| Asha B Kaufman - Senior Philanthropic Advisor | $173,763 | 0.24% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed May 14, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
61 voting members, 61 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Anne Pasternak | Shelby White & Leon Levy Director |
| Kimberly Panicek Trueblood | President & COO (Thru 12/2024) |
| Carlin Goettel | Chief Development Officer |
| Sharon Atkins | Deputy Director For Art |
| Heather Li Thru 052025 | Chief Financial Officer |
| Hardat Raywat | Deputy Dir. For Ops., Eng. & Facil. |
| Keonna Hendrick | Deputy Dir. For Learn. & Social Imp. |
| Nancy Currey | Director Of Human Resources |
| Catherine Futter | Director Of Curatorial Affairs |
| Sofie H Andersen Thru 0225 | Chief Marketing And Brand Officer |
| Asha B Kaufman | Senior Philanthropic Advisor |
| Barbara M Vogelstein | Board Chair |
| Stephanie Ingrassia | Trustee/vice Chair |
| Neil Simpkins | Trustee/treasurer |
| Saundra Williams-Cornwell | Trustee/secretary |
| Regina Aldisert | Trustee |
| Sasha Bass | Trustee |
| Tamara Belinfanti | Trustee |
| Adele Bernhard | Trustee |
| Thomas Brodsky | Trustee |
| Deenie Brosens | Trustee |
| Constance L Christensen | Trustee Emeritus (Non-Voting) |
| Rona Citrin | Trustee |
| Barbara Knowles Debs | Trustee Emeritus (Non-Voting) |
| Jonathan Donnellan | Trustee |
| Nikola Duravcevic | Trustee |
| Sylvana Durrett | Trustee |
| Henry B Elsesser | Trustee |
| Sharon E Fay | Trustee |
| Norman M Feinberg | Trustee (Thru 02/2025) |
| Michael Field | Trustee |
| John-Andrew Forde | Trustee |
| Amanda Fuhrman | Trustee |
| Jeffrey Gibson | Trustee |
| Steven Guttman | Trustee |
| Jane Hait | Trustee |
| Jeanine Heriveaux | Trustee |
| Dan Houser | Trustee |
| Kerby Jean-Raymond | Trustee |
| Alan Jenkins | Trustee |
| Michi Jigarjian | Trustee |
| Ruth Jurgensen | Trustee |
| Elizabeth Kahane | Trustee (Thru 06/30/2025) |
| Titus Kaphar | Trustee |
| Karen Kiehl | Trustee |
| Susana Torruella Leval | Trustee |
| Marley Blue Lewis | Trustee |
| Lynne M Maguire | Trustee (Thru 06/30/2025) |
| Joel Mallin | Trustee (Thru 06/30/2025) |
| Richard W Moore | Trustee Emeritus (Non-Voting) |
| Todd Moscowitz | Trustee |
| Vik Muniz | Trustee |
| Ivan Ontiveros | Trustee (As Of 06/2025) |
| Otis Pratt Pearsall | Trustee Emeritus (Non-Voting) |
| Asahi Pompey | Trustee |
| Leslie Puth | Trustee |
| Tracey G Riese | Trustee |
| Victoria Rogers | Trustee |
| Jonathan Rosen | Trustee |
| Elizabeth A Sackler | Trustee Emeritus (Non-Voting) |
| Carla Shen | Trustee |
| Jon Sherman | Trustee (As Of 01/2025) |
| Robert Soros | Trustee (Thru 06/30/2025) |
| Andras Szanto | Trustee (As Of 01/2025) |
| John S Tamagni | Trustee Emeritus (Non-Voting) |
| Ellen N Taubman | Trustee |
| Mickalene Thomas | Trustee |
| Fred Tomaselli | Trustee |
| Colleen Tompkins | Trustee |
| Amanda Waldron | Trustee |
| Sean Ward | Trustee |
| Susan Weber | Trustee |
| Kelly Williams | Trustee |
| Matthew Wilson | Trustee |
| Borough Pres Antonio Reynoso | Ex-Officio Trustee (Voting) |
| Mayor Eric Adams | Ex-Officio Trustee (Voting) |
| Dca Commissr Laurie Cumbo | Ex-Officio Trustee (Voting) |
| Speaker Adrienne Adams | Ex-Officio Trustee (Voting) |
| Comptroller Brad Lander | Ex-Officio Trustee (Voting) |
| Nancy Bowe Non-Voting | Board Of Advisors, Co-Chair |
| Hope Dana Non-Voting | Board Of Advisors, Co-Chair |
| Thomas C Rollins | Coo/cfo (As Of 05/2025) |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence61 voting / 61 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $0 in grants paid and filed no Schedule I for fiscal 2025. The page states that directly instead of leaving a blank grants section. Grantmaking organizations show a full recipient list in this section - recipient name, amount and stated purpose, as reported.
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $68,295,212 | - |
| Fiscal 2025 | $61,700,822 | -9.7% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jul 1, 2024 - Jun 30, 2025 | Form 990 | In Force - Filed May 14, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.