The Museum For African Art
- Assets
- $84.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 12/1982
- Data as of
- 06/2022
- EIN
- 13-3137461
Organization Overview
The Museum For African Art is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Museum For African Art employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum For African Art is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Museum For African Art generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AFRICA CENTER, A NONPROFIT, NONPARTISAN, MULTIDISCIPLINARY INSTITUTION, PROVIDES A GATEWAY FOR ENGAGEMENT WITH CONTEMPORARY AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC PROGRAMS PUBLIC PROGRAMS AT THE AFRICA CENTER ARE MULTIDISCIPLINARY AND FOCUS ON THE CENTER'S THREE CORE AREAS OF CULTURE, POLICY AND BUSINESS. THE AFRICA CENTER WORKS IN CLOSE COLLABORATION WITH ARTISTS, ACADEMICS, POLICY MAKERS, INSTITUTIONS AND ORGANIZATIONS ON A WIDE RANGE OF PROGRAMS THAT INCLUDE FILM SCREENINGS, BOOK LAUNCHES, WORKSHOPS, MUSICAL PERFORMANCES, AS WELL AS PANEL DISCUSSIONS AND COMMUNITY ACTIVATIONS ON BUSINESS AND POLICY.
NEW CENTER - THE AFRICA CENTER IS TRANSFORMING THE WORLDS UNDERSTANDING OF AFRICA, ITS DIASPORA AND THE ROLE OF PEOPLE OF AFRICAN DESCENT IN THE WORLD. SERVING AS THE HUB FOR THE EXCHANGE OF IDEAS AROUND CULTURE, BUSINESS, AND POLICY RELATED TO THE CONTINENT, AND IN THE SPIRIT OF COLLABORATION AND ENGAGEMENT WITH INDIVIDUALS AND INSTITUTIONS WHO SHARE THE CENTERS VALUES, THE AFRICA CENTER INSPIRES ENTHUSIASM, AND ADVANCES THOUGHT AND ACTION AROUND AFRICAS GLOBAL INFLUENCE AND IMPACT ON OUR COLLECTIVE AND SHARED FUTURES.
POLICY CENTER - ONE OF THE KEY FOCUS AREAS FOR THE AFRICA CENTER IS THE DEVELOPMENT OF AN AFRICAN POLICY INSTITUTE DEDICATED TO THE FUTURE OF THE AFRICAN CONTINENT AND DIASPORA. THE POLICY INSTITUTE FOCUSES ON THREE INTERRELATED THEMES: HABITABLE SPACES, TECHNOLOGY FOR HUMANITY, AND PROSPEROUS YOUTHINTEGRATING THE INFLUENCE OF CULTURE AS A TRANSFORMATIVE, CROSS-CUTTING FORCE IN THE POLICY SPACE. OUR MULTIDISCIPLINARY POLICY APPROACH AIMS TO BUILD AN INCLUSIVE, EQUITABLE GLOBAL FUTURE INSPIRED BY AFRICAN INNOVATION, CREATIVE INDUSTRIES, AND VISIONARY NARRATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uzodinma Iweala CEO | Officer | 40 | $267,923 |
Jenny Hourihan Thru 63022 COO & CFO | Officer | 40 | $176,626 |
Alana Hairston Director, Programs | 40 | $139,050 | |
Halima Dangote President | OfficerTrustee | 1 | $0 |
Benjamin Stein Vice-Chair | OfficerTrustee | 1 | $0 |
Rick Segal Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sciame Construction Llc Construction Company | 6/29/22 | $447,115 |
Caples Jefferson Architects Architect Firm | 6/29/22 | $145,636 |
Tess O'dwyer Fundraising Counsel | 6/29/22 | $180,000 |
Landair Inc Project Mgmt Consultant | 6/29/22 | $146,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,339,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,533,511 |
| Total Program Service Revenue | $1,279 |
| Investment income | $13,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,548,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $563,155 |
| Compensation of current officers, directors, key employees. | $171,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,077 |
| Payroll taxes | $77,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,019 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $180,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $697,319 |
| Advertising and promotion | $0 |
| Office expenses | $12,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,272 |
| Travel | $9,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,224 |
| Interest | $974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,355 |
| Insurance | $44,311 |
| All other expenses | $23,065 |
| Total functional expenses | $3,008,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,706,341 |
| Savings and temporary cash investments | $6,083 |
| Pledges and grants receivable | $7,107,079 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,632 |
| Net Land, buildings, and equipment | $70,547,537 |
| Investments—publicly traded securities | $4,049,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,429,180 |
| Accounts payable and accrued expenses | $295,411 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,662,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $5,963,986 |
| Total liabilities | $9,171,897 |
| Net assets without donor restrictions | $61,845,275 |
| Net assets with donor restrictions | $13,412,008 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $84,429,180 |