International Council Of The Museum Of Modern Art
- Assets
- $9.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 04/2016
- Data as of
- 06/2021
- EIN
- 13-6143744
Organization Overview
International Council Of The Museum Of Modern Art, operating under the name Ic Moma, is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Ic Moma employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ic Moma 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 06/2021, Ic Moma generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ic Moma has awarded 14 individual grants totaling $5,720,886. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO MUSEUM OF MODERN ART: $681,550 1. GRANTS TO MUSEUM OF MODERN ART: $473,579 2. GRANTS TO INTERNATIONAL PROGRAM: $157,971 3. GRANTS TO OTHERS: $50,000
MEMBERSHIP SERVICES TO INCLUDE ANNUAL FALL AND SPRING MEETING (SPRING MEETING NOT HELD IN FISCAL YEAR 2021).
SUPPORT IC MOMA ANNUAL PUBLICATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Coffin Executive Director | 40 | $202,401 | |
Hrh Duke Franz Of Bavaria Chairman Emeritus & Director | OfficerTrustee | 1 | $0 |
Pontus Bonnier Vice President & Director | OfficerTrustee | 1 | $0 |
William L Bernhard Secretary & Director | OfficerTrustee | 1 | $0 |
Agnes Gund Chairman & Director | OfficerTrustee | 1 | $0 |
Marieluise Hessel-Artzt Vice President & Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,391,879 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,289 |
| Noncash contributions included in lines 1a–1f | $297,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,898,168 |
| Total Program Service Revenue | $0 |
| Investment income | $304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $478,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,377,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $681,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,947 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,136 |
| Fees for services: Accounting | $54,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,643 |
| Advertising and promotion | $6,742 |
| Office expenses | $52,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,000 |
| Travel | $9 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,535,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,189,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,395,486 |
| Total assets | $9,772,205 |
| Accounts payable and accrued expenses | $208,398 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $235,600 |
| Total liabilities | $443,998 |
| Net assets without donor restrictions | $6,615,682 |
| Net assets with donor restrictions | $2,712,525 |
| 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 | $9,772,205 |
Grants Awarded
Over the last fiscal year, International Council Of The Museum Of Modern Art has awarded $641,514 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EXHIB/PUBLCTN/TRAVEL | $265,507 |
New York, NY PURPOSE: EXHIB/PUBLCTN/TRAVEL | $265,507 |
Long Island City, NY PURPOSE: EXHIB/PUBLCTN/TRAVEL | $55,250 |
Long Island City, NY PURPOSE: EXHIB/PUBLCTN/TRAVEL | $55,250 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that International Council Of The Museum Of Modern Art has recieved totaling $488,500.
| Awarding Organization | Amount |
|---|---|
The Council For Canadian American Relations Inc New York, NY PURPOSE: ART EDUCATION | $299,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $60,000 |
The@anne Hendricks Bass Foundation Fort Worth, TX PURPOSE: GENERAL SUPPORT | $20,000 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY PURPOSE: GENERAL TAX EXEMPT PURPOSES | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Alice M And Thomas J Tisch Foundation Inc New York, NY PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $15,000 |
Endowment Analysis
| Beg. Balance | $2,054,986 |
| Earnings | $631,366 |
| Net Contributions | $28,397 |
| Grants | $104,320 |
| Ending Balance | $2,610,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
International Center Of Photography New York, NY | $72,245,409 | $16,287,723 |
Doris Duke Foundation For Islamic Art New York, NY | $38,632,422 | $9,089,054 |
Storm King Art Center New Windsor, NY | $80,583,864 | $14,230,209 |
Fellowship For The Performing Arts Inc New York, NY | $15,555,732 | $10,766,818 |
Ps1 Contemporary Art Center Inc Long Island City, NY | $7,393,924 | $9,638,266 |