Contemporary Arts Center
- Assets
- $9.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 47
- Location
- New Orleans, LA
- Founding
- 01/1977
- Data as of
- 06/2020
- EIN
- 72-0798830
Organization Overview
Contemporary Arts Center is located in New Orleans, LA. The organization was established in 1977. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Contemporary Arts Center employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Arts Center 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, Contemporary Arts Center generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
TO PROVIDE PUBLIC ACCESS TO CONTEMPORARY ART. THE CONTEMPORARY ARTS CENTER IS A MULTI-DISCIPLINARY ORGANIZATION DEDICATED TO PRESENTING THE WORKS OF LOCAL, NATIONAL AND INTERNATIONAL ARTISTS. THE CENTER OFFERS A YEAR-ROUND CALENDAR OF EXHIBITIONS, PERFORMANCES, AND EDUCATIONAL PROGRAMS DESIGNED TO ENGAGE DIVERSE PUBLIC AUDIENCES OF ALL AGES, WHILE PROVIDING TECHNICAL DEVELOPMENT SUPPORT FOR LOCAL ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAC PRESENTS AND SUPPORTS MULTI-DISCIPLINARY PROGRAMS OF VISUAL AND PERFORMING ARTS, EDUCATION AND ARTIST RESOURCES. VISUAL ARTS - ALMOST 10,000 PATRONS PASSED THROUGH THE CAC'S VISUAL ART EXHIBITS. MANY LOCAL AND NATIONAL ARTISTS' WORK WERE SHOWN DURING THE ANNUAL SEASON, WHICH FEATURED MANY SEPARATE EXHIBITS. THE CAC ALSO INCORPORATED VIRTUAL WALK THROUGHS OF THE EXHIBITS DURING THE SPRING SEASON DUE TO PANDEMIC RESTRICTIONS WHICH HELPED BROADEN THE OUTREACH.PERFORMING ARTS - PROVIDED PROFESSIONAL DEVELOPMENT THROUGH ARTIST RESIDENCIES, SPACE AND EQUIPMENT USAGE TO THEATRE ARTISTS, MUSICIANS AND DANCERS. THE CENTER PRESENTED NATIONAL AND INTERNATIONAL ARTISTS IN DANCE AND MUSIC PERFORMANCES, AS WELL AS THEATRE IN THE FALL SEASON. THE CAC WAS HOST TO AN ANNUAL CONFERENCE FOR A PARTNER ORGANIZATION WHICH BROUGHT IN HUNDREDS OF LOCAL, REGIONAL, AND NATIONAL ARTISTS. THE CAC ALSO INCORPORATED VIRTUAL PERFORMANCES DURING THE SPRING SEASON DUE TO THE PANDEMIC RESTRICTIONS BUT STILL WAS ABLE TO HAVE A BROAD OUTREACH. THE PERFORMING ARTS AUDIENCES TOTALED ABOUT 800 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Diboll Board Of Directors | Trustee | 0.5 | $0 |
Anna Coleman Dunbar Board Of Directors | Trustee | 0.5 | $0 |
David Patron Board Of Directors | Trustee | 0.5 | $0 |
Ginny Wise Board Of Directors | Trustee | 0.5 | $0 |
Gretchen Wheaton Board Of Directors | Trustee | 0.5 | $0 |
Jane Cooper Board Of Directors | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,137,730 |
| Investment income | $25,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,198,111 |
| Net Gain/Loss on Asset Sales | $77,775 |
| Net Income from Fundraising Events | -$24,337 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,836,743 |
| 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. | $139,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $903,363 |
| Pension plan accruals and contributions | $11,845 |
| Other employee benefits | $80,965 |
| Payroll taxes | $66,588 |
| 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 | $12,768 |
| Fees for services: Other | $91,992 |
| Advertising and promotion | $12,570 |
| Office expenses | $359,646 |
| Information technology | $253,877 |
| Royalties | $9,408 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,727 |
| Interest | $39,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,551 |
| Insurance | $113,857 |
| All other expenses | $0 |
| Total functional expenses | $3,113,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,977 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $178,869 |
| Accounts receivable, net | $10,356 |
| 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 | $156 |
| Investments—publicly traded securities | $1,939,283 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $421,282 |
| Total assets | $8,950,916 |
| Accounts payable and accrued expenses | $457,382 |
| Grants payable | $0 |
| Deferred revenue | $82,454 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $126,100 |
| Secured mortgages and notes payable | $586,841 |
| Unsecured mortgages and notes payable | $378,500 |
| Other liabilities | $0 |
| Total liabilities | $1,631,277 |
| 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 | $7,319,639 |