Virginia Museum Of Contemporary Art
- Assets
- $2.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 47
- Location
- Virginia Beach, VA
- Founding
- 06/1971
- Data as of
- 06/2022
- EIN
- 23-7112328
Organization Overview
Virginia Museum Of Contemporary Art is located in Virginia Beach, VA. The organization was established in 1971. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Virginia Museum Of Contemporary Art employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Museum Of Contemporary 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, Virginia Museum Of Contemporary Art generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA MUSEUM OF CONTEMPORARY ART (VIRGINIA MOCA) IS A NON-PROFIT INSTITUTION WHICH EXISTS TO FOSTER AWARENESS, EXPLORATION, AND UNDERSTANDING OF THE SIGNIFICANT ART OF OUR TIME. ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, VIRGINIA MOCA'S INTEGRATION OF ITS FOUR PRIMARY ACTIVITIES-GALLERY EXHIBITIONS, STUDIO ART CLASSES, EDUCATIONAL PROGRAMS, AND THE BOARDWALK ART SHOW - VIRGINIA MOCA ENGAGES A DIVERSE REGIONAL PUBLIC IN THE RICH AND ACTIVE LANGUAGE OF CONTEMPORARY VISUAL ART. ITS ANNUAL ATTENDANCE ACROSS ALL EVENTS, INCLUDING THE RENOWNED ANNUAL BOARDWALK ART SHOW, IS MORE THAN 300,000.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - VIRGINIA MOCA IS A NON-COLLECTING, AAM-ACCREDITED MUSEUM THAT STRIVES TO DEMONSTRATE OUR SHARED HUMANITY THROUGH THE PRESENTATION OF LOCALLY RELEVANT, NATIONALLY RELEVANT CONTEMPORARY ART THAT IS EXCEPTIONAL. THERE ARE FOUR PRIMARY EXHIBITION SPACES, ACROSS WHICH THE MUSEUM PRESENTS APPROXIMATELY 20 EXHIBITIONS PER YEAR. MAJOR EXHIBITIONS ARE PRESENTED IN THE MAIN GALLERY SPACE UP TO 3X PER YEAR AND LAST YEAR INCLUDED THE WORK OF MAYA LIN. IN AN ONGOING EFFORT TO REMOVE BARRIERS, EXHIBITION ADMISSION IS FREE. EXHIBITION ATTENDANCE REACHED 17,000 IN 2022, A MUSEUM RECORD.
EDUCATION - CLOSE LOOKING AND INQUIRY-BASED EXPLORATION ANCHOR EDUCATION FOR YOUTH, STUDENTS, FAMILIES, TEACHERS, AND ADULTS AT VMOCA. COUPLED WITH UNDERSTANDING THE IDEAS BEHIND THE WORK IS MATERIALS AND METHODS INSTRUCTION. PROGRAMS INCLUDE SCHOOL TOURS (ON SITE AND VIRTUAL), ARTIST- IN-RESIDENCE PROGRAMS IN THE MUSEUM ATRIUM SPACE, REGULAR AND FREE FAMILY FEST DAYS; YOUTH AND ADULT STUDIO CLASSES; MASTER CLASSES WITH PRESENTING ARTISTS; LECTURES IN THE GALLERIES; PRESENTATION AND CELEBRATIONS OF STUDENT WORK; SUMMER ART CAMPS, AND CONTINUING EDUCATION FOR TEACHERS. MANY EDUCATION PROGRAMS ARE FREE, AND FOR THOSE THAT ARE NOT, SCHOLARSHIP FUNDING IS AVAILABLE.
BOARDWALK ART SHOW - THIS ANNUAL EVENT, NOW IN ITS 67TH YEAR, WAS THE SEED FROM WHICH THE CURRENT MUSEUM SPRUNG. THE MUSEUM CELEBRATES ITS LOCAL AND ARTISTIC COMMUNITIES WITH THIS FREE, 3-DAY OUTDOOR EXHIBITION OF ORIGINAL ARTWORK, ACROSS MEDIA, ON THE ICONIC VIRGINIA BEACH BOARDWALK. THOUSANDS OF VISITORS CONNECT WITH A COUPLE HUNDRED ARTISTS, EXPLORING THEIR WORK, LEARNING ABOUT THEIR PRACTICE, AND BUYING ARTWORK. CORPORATE AND INDIVIDUAL SPONSORS FROM ACROSS THE REGION PROVIDE SUPPORT, WHILE PATRONS MAKE A VISIT TO THE FREE AND EASILY ACCESSIBLE BOARDWALK ART SHOW A YEARLY PILGRIMAGE. THE CITY OF VIRGINIA BEACH CONSIDERS THE VMOCA BOARDWALK ART SHOW A SIGNATURE EVENT FOR THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mina Gary Ryan Executive Di | Officer | 40 | $130,100 |
Nicole Naidyhorski Chairman | OfficerTrustee | 1 | $0 |
Mark Nelson Treasurer | OfficerTrustee | 1 | $0 |
Connie Mckenzie Stockmeier Vice Chair | OfficerTrustee | 1 | $0 |
Paul Battaglia Secretary | OfficerTrustee | 1 | $0 |
Scott Duncan Past Preside | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,970 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,556,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,169,488 |
| Noncash contributions included in lines 1a–1f | $37,303 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,765,938 |
| Total Program Service Revenue | $183,852 |
| Investment income | $13,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $292,758 |
| Net Gain/Loss on Asset Sales | -$8,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,041 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,254,466 |
| 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. | $165,076 |
| Compensation of current officers, directors, key employees. | $41,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,270,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,273 |
| Payroll taxes | $96,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,964 |
| Fees for services: Other | $57,603 |
| Advertising and promotion | $292,949 |
| Office expenses | $4,459 |
| Information technology | $51,568 |
| Royalties | $0 |
| Occupancy | $220,578 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,743 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,349 |
| Insurance | $43,905 |
| All other expenses | $67,219 |
| Total functional expenses | $2,835,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,381 |
| Savings and temporary cash investments | $126,865 |
| Pledges and grants receivable | $56,308 |
| Accounts receivable, net | $380 |
| 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 | $75,387 |
| Net Land, buildings, and equipment | $965,357 |
| Investments—publicly traded securities | $640,520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,164,198 |
| Accounts payable and accrued expenses | $199,148 |
| Grants payable | $0 |
| Deferred revenue | $183,233 |
| 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 | $382,381 |
| Net assets without donor restrictions | $1,768,460 |
| Net assets with donor restrictions | $13,357 |
| 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 | $2,164,198 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Virginia Museum Of Contemporary Art has recieved totaling $370,981.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: MAYA LIN: THE INTERSECTION OF WATER AND TIME | $75,000 |
Goode Family Foundation Norfolk, VA PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $50,000 |
Business Consortium For Arts Supp Norfolk, VA PURPOSE: ART SUPPORT | $48,510 |
The Batten Foundation Norfolk, VA PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $45,000 |
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $39,500 |
Sentara Healthcare Norfolk, VA PURPOSE: SPONSORSHIP | $30,000 |
Endowment Analysis
| Beg. Balance | $169,413 |
| Earnings | $2,154 |
| Ending Balance | $171,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Life Pieces To Masterpieces Washington, DC | $694,672 | $1,837,950 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |
The Bascom Corporation Highlands, NC | $11,572,802 | $1,588,338 |
Friends Of Southwest Virginia Abingdon, VA | $1,122,100 | $1,695,532 |