Indianapolis Museum Of Contemporary Art Inc
- Assets
- $11.8k
- Revenue
- $257.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 04/2003
- Data as of
- 06/2020
- EIN
- 35-2155600
Organization Overview
Indianapolis Museum Of Contemporary Art Inc, operating under the name Ic Indianapolis Contemporary, is located in Indianapolis, IN. The organization was established in 2003. 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 06/2020, Ic Indianapolis Contemporary employed 3 individuals. Ic Indianapolis Contemporary 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 06/2020, Ic Indianapolis Contemporary generated $257.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $278.9k during the year ending 06/2020. While expenses have increased by 4.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES CONTEMPORARY ART EXHIBITIONS AND PROGRAMS TO THE COMMUNITY THAT ARE AESTHETICALLY COMPELLING, CONCEPTUALLY RIGOROUS, AND SOCIALLY IMPACTFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANAPOLIS CONTEMPORARY (I/C) CONNECTS PEOPLE TO THE INNOVATIVE AND INSPIRING ART OF OUR TIME, SHOWCASING LOCAL, NATIONAL AND INTERNATIONAL ARTISTS IN INDIANAPOLIS. WE CURATE A MIX OF EXIHIBITIONS IN SITE-SPECIFIC AND NON- TRADITIONAL SPACES, FEATURING MID-CAREER AND EMEGING ARTISTS, COLLABORATIVE PROGRAMS AND PROFESSIONAL DEVELOPMENT, CONTINUING OUR COMMITMENT TO CONTEMPORARY ART AND PARTNERSHIPS WITH ORGANIZATIONS THAT VALUE IN-DEPTH CONVERSATIONS AROUND CONTEMPORARY TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Katz Treasurer | OfficerTrustee | 5 | $0 |
Scott Travis Past President | OfficerTrustee | 5 | $0 |
Casey Cronin President | OfficerTrustee | 5 | $0 |
William Zink Vice President | OfficerTrustee | 5 | $0 |
Mary Maxwell Secretary | OfficerTrustee | 5 | $0 |
Erick G Tijerino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,796 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $257,193 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $102,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,834 |
| Advertising and promotion | $38,165 |
| Office expenses | $12,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19 |
| Travel | $7,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,914 |
| All other expenses | $0 |
| Total functional expenses | $278,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,796 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $11,796 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indianapolis Museum Of Contemporary Art Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: General operating support | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |