Crains New York - October 8, 2012 - (Page 13)

THE LIST $1,771,629 $1,593,038 NYC’s Largest Cultural Institutions Ranked by operating expenses SPOTLIGHT $1,279,827 Wynton Marsalis Jazz at Lincoln Center (No. 26) Coming up: The top construction companies list will appear Oct. 22 HIGHEST-PAID TOP EXECUTIVES Reynold Levy Lincoln Center for the Performing Arts (No. 7 on the list) Gregory R. Long New York Botanical Garden (No. 15) HIGH LINE GROUP SOARS IN THIS YEAR’S RANKING FRIENDS OF THE HIGH LINE has been moving up in the world. $1,048,540 Clive Gillinson Carnegie Hall (No. 17) $1,555,832 Glenn D. Lowry Museum of Modern Art (No. 4) $1,042,453 Thomas P. Campbell Metropolitan Museum of Art (No. 2) $1,408,757 images: bloomberg news, getty images $998,887 Ellen V. Futter American Museum of Natural History (No. 6) Paul LeClerc1 New York Public Library (No. 3) $1,300,916 Peter Gelb Metropolitan Opera Association (No. 1) $892,802 Emily Rafferty Metropolitan Museum of Art (No. 2) Source: The Municipal Art Society of New York. Total compensation data from top 70 organizations’ 2010 Form 990 where available. 1-Mr. LeClerc retired as president on June 30, 2011. The organization behind the popular West Side park ranks No. 61 on this year’s list of the city’s largest cultural institutions, up from No. 92 in 2010. The list is ranked by operating expenses, and Friends of the High Line has been adding more than $2 million in expenditures each year. Its 2010 operating expenses THE HIGH LINE’s operating expenses have been rising annually. (used to rank the 2012 list) came to almost $9 million, up from $6.8 million the previous year and $4.5 million in 2008. The increase in operating expenses (which are higher than the park’s operating budget) is primarily due to construction costs. In September, Friends of the High Line broke ground on the last third of the park, which, when completed, will run from Gansevoort Street to 34th Street along the far West Side. “Operating costs increased due to the phased construction of the High Line,” Friends of the High Line founder Robert Hammond explained in a statement. “[We contribute] funding toward construction of the public park on the High Line as well as paying for more than 90% of the park’s annual maintenance and operations.” Another notable development among the top cultural institutions was a drop in spending for Lincoln Center for the Performing Arts. Lincoln Center dropped from No. 4 to No. 7, with its operating expenses decreasing from $210 million to $140.6 million. Lincoln Center’s place at No. 4 was taken by the Museum of Modern Art, followed by the Wildlife Conservation Society at No. 5. Carnegie Hall is another performance space that has been cutting back. It fell from No. 11 in 2010 to No. 17 this year. Its operating expenses for the 2010 list were more than $83 million. The 2012 figure is about $54.5 million. Moving in the opposite direction is the Roundabout Theatre Company. In 2011, it ranked No. 18, with about $50.4 million in operating expenses. This year, it’s at No. 13, with an increase of about $7 million in expenditures. —ALI ELKIN Rank Organization Phone/website (212) 799-3100 www.metoperafamily.org (212) 535-7710 www.metmuseum.org (917) 275-6975 www.nypl.org (212) 708-9400 www.moma.org (718) 220-5100 www.wcs.org (212) 769-5100 www.amnh.org (212) 875-5000 www.lincolncenter.org (718) 230-2100 www.brooklynpubliclibrary.org (718) 990-0700 www.queenslibrary.org (212) 560-1355 www.thirteen.org (212) 875-5000 www.nyphil.org (212) 415-5500 www.92y.org (212) 719-9393 www.roundabouttheatre.org (212) 870-5656 www.nycballet.com (718) 817-8700 www.nybg.org (212) 423-3500 www.guggenheim.org (212) 903-9600 www.carnegiehall.org (646) 829-4000 www.wnyc.org (212) 501-3100 www.lct.org (212) 570-3600 www.whitney.org (212) 310-6600 www.centralparknyc.org (212) 477-3030 www.abt.org (718) 636-4100 www.bam.org (212) 405-9000 www.alvinailey.org (212) 870-5600 www.nycopera.com Top executive(s) Peter Gelb, general manager Thomas P. Campbell, director, chief executive Emily Rafferty, president Anthony W. Marx, president, chief executive Glenn D. Lowry, director Cristián Samper, president, chief executive Ellen V. Futter, president Reynold Levy, president Linda E. Johnson, president, chief executive Thomas W. Galante, president, chief executive Neal Shapiro, president, chief executive Zarin Mehta, president, executive director Matthew VanBesien, executive director-designate Sol Adler, executive director Todd Haimes, artistic director Julia C. Levy, executive director Peter Martins, ballet master in chief Katherine E. Brown, executive director Gregory R. Long, president, chief executive Richard Armstrong, director Clive Gillinson, president Laura R. Walker, president, chief executive Andre Bishop, artistic director Bernard Gersten, executive producer Adam D. Weinberg, director Douglas Blonsky, president, Central Park administrator Kevin McKenzie, artistic director Rachel S. Moore, executive director Karen Brooks Hopkins, president Joseph V. Melillo, executive producer Robert Battle, artistic director Sharon Gersten Luckman, executive director George Steel, general manager, artistic director 2010 operating expenses1 $314,591,598 $295,989,308 $246,968,983 $190,204,500 $185,750,480 $148,997,704 $140,587,732 $98,397,941 $96,577,028 $89,958,619 $76,158,7496 $59,037,672 $57,102,297 $56,780,374 $56,469,651 $54,541,830 $54,499,544 $49,164,049 $47,961,142 $38,966,000 $38,464,498 $37,963,859 $37,323,321 $31,211,013 $30,114,144 No. of employees2 n/a 1,984 2,050 750 4,000 n/a 555 989 1,301 n/a n/a n/a 435 n/a 512 339 307 285 n/a n/a 346 n/a n/a 328 n/a 2011 attendance3 n/a 6,280,0004 46,760,817 2,800,000 4,306,969 n/a 5,128,000 12,340,500 12,551,065 n/a n/a n/a 644,314 n/a 762,475 1,107,054 671,058 11,052,740 n/a n/a n/a n/a 620,0004 500,0007 n/a 2010 attendance3 n/a 5,680,0005 43,326,229 3,090,000 4,458,314 n/a 5,232,000 12,036,838 13,690,493 n/a n/a n/a 606,571 n/a 686,014 1,105,352 719,494 7,344,505 n/a n/a n/a n/a 557,0005 500,0007 n/a Year end 7/31 6/30 6/30 6/30 6/30 6/30 6/30 6/30 6/30 6/30 8/31 6/30 8/31 6/30 6/30 12/31 6/30 6/30 6/30 6/30 6/30 6/30 6/30 6/30 6/30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Metropolitan Opera Association 30 Lincoln Center, New York, NY 10023 Metropolitan Museum of Art 1000 Fifth Ave., New York, NY 10028 New York Public Library Fifth Avenue and 42nd Street, New York, NY 10018 Museum of Modern Art 11 W. 53rd St., New York, NY 10019 Wildlife Conservation Society 2300 Southern Blvd., Bronx, NY 10460 American Museum of Natural History Central Park West at 79th Street, New York, NY 10024 Lincoln Center for the Performing Arts 70 Lincoln Center Plaza, New York, NY 10023 Brooklyn Public Library 10 Grand Army Plaza, Brooklyn, NY 11238 Queens Borough Public Library 89-11 Merrick Blvd., Jamaica, NY 11432 Thirteen (WNET New York and WLIW 21) 450 W. 33rd St., New York, NY 10001 New York Philharmonic 10 Lincoln Center Plaza, New York, NY 10023 92nd Street Y 1395 Lexington Ave., New York, NY 10128 Roundabout Theatre Company 231 W. 39th St., New York, NY 10018 New York City Ballet 20 Lincoln Center Plaza, New York, NY 10023 New York Botanical Garden 2900 Southern Blvd., Bronx, NY 10458 Solomon R. Guggenheim Foundation and Museum 1071 Fifth Ave., New York, NY 10128 Carnegie Hall 881 Seventh Ave., New York, NY 10019 WNYC-New York Public Radio 160 Varick St., New York, NY 10013 Lincoln Center Theater 150 W. 65th St., New York, NY 10023 Whitney Museum of American Art 945 Madison Ave., New York, NY 10021 Central Park Conservancy 14 E. 60th St., New York, NY 10022 American Ballet Theatre 890 Broadway, New York, NY 10003 Brooklyn Academy of Music (BAM) 30 Lafayette Ave., Brooklyn, NY 11217 Alvin Ailey American Dance Theater 405 W. 55th St., New York, NY 10019 New York City Opera 75 Broad St., New York, NY 10004 Continued on Page 14 October 8, 2012 | Crain’s New York Business | 13 buck ennis http://www.metoperafamily.org http://www.metmuseum.org http://www.nypl.org http://www.moma.org http://www.wcs.org http://www.amnh.org http://www.lincolncenter.org http://www.brooklynpubliclibrary.org http://www.queenslibrary.org http://www.thirteen.org http://www.nyphil.org http://www.92y.org http://www.roundabouttheatre.org http://www.nycballet.com http://www.nybg.org http://www.guggenheim.org http://www.carnegiehall.org http://www.wnyc.org http://www.lct.org http://www.whitney.org http://www.centralparknyc.org http://www.abt.org http://www.bam.org http://www.alvinailey.org http://www.nycopera.com

Table of Contents for the Digital Edition of Crains New York - October 8, 2012

IN THE BOROUGHS
IN THE MARKETS
THE INSIDER
BUSINESS PEOPLE
CORPORATE LADDER
FROM AROUND THE CITY
OPINION
GREG DAVID
THE LIST
REAL ESTATE DEALS
CLASSIFIEDS
SMALL BUSINESS
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - October 8, 2012