Museum Of Contemporary Art Detroit
- Assets
- $4.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Detroit, MI
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 20-3872376
Organization Overview
Museum Of Contemporary Art Detroit, operating under the name Mocad, is located in Detroit, MI. The organization was established in 2006. 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 12/2021, Mocad employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mocad 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 12/2021, Mocad generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MOCAD IS WHERE ADVENTUROUS MINDS ENCOUNTER THE BEST IN CONTEMPORARY VISUAL, LITERARY, MUSIC, AND PERFORMING ARTS. A RESPONSIVE CENTER FOR DIVERSE AUDIENCES, MOCAD PRESENTS ART THAT CONTEXTUALIZES, INTERPRETS AND EXPANDS CULTURE, PUSHING US TO THE EDGES OF CONTEMPORARY EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTING ART THAT CONTEXTUALIZES, INTERPRETS, EDUCATES AND EXPANDS CULTURE, PUSHING US TO THE EDGES OF CONTEMPORARY EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Madison-Patton Deputy Director | Officer | 40 | $87,898 |
Keith Pomeroy Treasurer | OfficerTrustee | 5 | $0 |
Linda Powers Secretary | OfficerTrustee | 5 | $0 |
Marsha Miro President | OfficerTrustee | 5 | $0 |
Abir Ali Director | Trustee | 5 | $0 |
Carmen N'namdi Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $973,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,205,008 |
| Total Program Service Revenue | $0 |
| Investment income | $551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $268,169 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,856 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,624,950 |
| 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. | $87,898 |
| Compensation of current officers, directors, key employees. | $61,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $844,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,580 |
| Payroll taxes | $73,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,450 |
| Fees for services: Accounting | $11,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,818 |
| Advertising and promotion | $0 |
| Office expenses | $49,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,785 |
| Travel | $23,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,569 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,648 |
| Insurance | $52,325 |
| All other expenses | $63,170 |
| Total functional expenses | $1,799,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,720 |
| Savings and temporary cash investments | $1,319,141 |
| Pledges and grants receivable | $384,930 |
| 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 | $120,474 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,085,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,367,687 |
| Total assets | $4,387,647 |
| Accounts payable and accrued expenses | $59,192 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| 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 | $0 |
| Total liabilities | $134,192 |
| Net assets without donor restrictions | $1,168,026 |
| Net assets with donor restrictions | $3,085,429 |
| 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 | $4,387,647 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Museum Of Contemporary Art Detroit has recieved totaling $2,680,038.
| Awarding Organization | Amount |
|---|---|
Wonderful Life Foundation West Palm Beach, FL PURPOSE: JRT CHALLENGE GRANT | $1,175,000 |
J Christopher And Anne N Reyesfoundation West Palm Beach, FL PURPOSE: JRT CHALLENGE GRANT | $1,175,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR ITS CURATORIAL PROGRAM TO ENHANCE EQUITY AND PARTICIPATION IN THE VISUAL ARTS AND CULTURAL SECTOR | $150,000 |
The Mike Kelley Foundation For The Arts Los Angeles, CA PURPOSE: IN SUPPORT OF "MOBILE HOMESTEAD" | $50,000 |
The Shirley K Schlafer Foundation Birmingham, MI PURPOSE: CHARITABLE; MUSEUM MAINTENANCE & EDUCATION | $50,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO MUSEUM OF CONTEMPORARY ART DETROIT AS PART OF ROUND 6 OF THE DETROIT ARTS SUPPORT (DAS) INITIATIVE, WHICH PROVIDES UNRESTRICTED SUPPORT TO ARTS AND CULTURE ORGANIZATIONS OF ALL DISCIPLINES AND SIZES ACROSS THE METROPOLITAN DETROIT AREA. | $35,000 |
Endowment Analysis
| Beg. Balance | $13,594 |
| Earnings | $1,595 |
| Ending Balance | $15,189 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Akron Art Museum Akron, OH | $58,514,760 | $4,858,452 |
Contemporary Arts Center Cincinnati, OH | $39,344,617 | $3,979,830 |
Butler Institute Of American Art Youngstown, OH | $88,830,217 | $5,561,162 |
Kalamazoo Institute Of Arts Kalamazoo, MI | $37,022,410 | $4,067,933 |