International Center of Photography

Nonprofit profile at a glance

EIN
237412428
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2128570000
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Art Museums

Official website

Reported finances

Revenue
$7,533,716
Expenses
$15,178,559
Assets
$60,549,338
Liabilities
$15,834,726

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • JEFFREY A ROSEN (PRESIDENT & ACTING TREASURER)
  • RENEE HARBERS LIDDELL (EXECUTIVE VICE PRESIDENT)
  • KEN NICHOLSON (EXECUTIVE VICE PRESIDENT)
  • JESSICA NAGLE (VICE PRESIDENT)
  • STEFANO TONCHI (VICE PRESIDENT)
  • DIANE TUFT (VICE PRESIDENT)

Highest reported compensation

  • DAVID LITTLE (FORMER EXECUTIVE DIRECTOR): $396,183 total reported compensation
  • BOB JEFFREY (CHIEF EXECUTIVE OFFICER): $270,000 total reported compensation
  • NICHOLAS READ (CHIEF FINANCIAL OFFICER): $227,211 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The international center of photography is a museum and school dedicated to the understanding and appreciation of photography. Icp creates programs of the highest quality to advance knowledge of the medium. These include exhibitions, collections, and education for the general public, members, students, and professionals in the field of photography.

What it reported doing in 2024

The international center of photography is a museum, school, and collection. Icp's education offerings include exhibitions, classes, public programs, seminars, and workshops that cover all aspects of photography. Its school offers on-site and online programs. There are open education classes for adults and three full-time, year-long certificate programs in documentary and creative practices photography. The museum presents three cycles of international exhibitions and its library and collection serve students, faculty, staff, scholars, and the general public.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 83
  • Accountability: 94
  • Sustainability: 32
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.3%; rating input score 80
  • Fundraising efficiency: $3.6 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th 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: -101.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.99; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 11.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -0.8% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80.3% of spending went to programs
  • Governance: 16 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $12.2M in reported program spending
  • Leadership: top reported pay $396K · 26 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.