Dia Art Foundation

What it reported doing in 2024

Public programs and education: dia offers educational and public programs in beacon and New York city and employs 30 educators who design and lead original programs for wide-ranging public audiences. Across its sites based in New York, dia offers a variety of hands-on, artist-led, public programming for all ages; artist-led tours; paid, year-round, artist-led programming for high-school aged youth (in nyc, in partnership with the city's department of youth and community development); and paid apprenticeship, fellowship, and internship programs for young people ages 18-26. Dia chelsea, located in New York city, hosts public programming including the artists on artists lecture series; the contemporary poetry series poetry &; and activations, an off-site intergenerational studio program in partnership with nyc's department of parks & recreation. Dia beacon, located in the hudson valley, hosts an annual arts education program, an artist-in-schools partnership with every school in the beacon city school district; an intensive summer program for k-12 english language-learners; family-focused programming including play sets (in-gallery learning) and saturday studio (hands-on studio workshops); artist-led programming in partnership with evergreen minds, an organization centered on people with dementia and their care partners as well as environmental sustainability; seasonal diatalks; public and private artist-led guided tours; and professional development opportunities for local classroom educators. In relationship with its sites in the american west, dia offers fieldwork, a program inviting young people participating in dia's long-term youth and young adult initiatives to propose and develop original projects that critically engage with dia's sites, mission, program, and organizational partners, and their related environments and communities. In a typical program year, approximately 10,000 people participate in public and educational programming at dia. All educational programming is offered free of charge, and for programs serving youth and young adults, transportation and in-program meals are covered by dia. Additionally, free admission is offered to all at dia's New York city locations, while citizens of beacon and its neighboring communities receive free admission to dia beacon; residents of the hudson valley receive free admission to dia beacon on the last sunday of each month.

Financial Efficiency

• Mission deployment rate: 66.5%; rating input score 67
• Program expense ratio: 76.3%; rating input score 76
• Fundraising efficiency: $9.74 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 34.2%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 9.93; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
• Officer compensation ratio: 10.2%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
• Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 5.3% per year; rating input score 100; 37th percentile among comparable filings