Contemporary Austin Museum Inc is located in Austin, TX. The organization was established in 1963. 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, Contemporary Austin Museum Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Austin Museum Inc 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, Contemporary Austin Museum Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 1.8% 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
THE CONTEMPORARY AUSTIN REFLECTS THE SPECTRUM OF CONTEMPORARY ART THROUGH EXHIBITIONS, COMMISSIONS, EDUCATION, AND THE COLLECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS AUSTIN'S ONLY MUSEUM DEDICATED TO COMMISSIONING AND EXHIBITING WORK BY LEADING CONTEMPORARY ARTISTS, THE CONTEMPORARY AUSTIN OCCUPIES AN IMPORTANT POSITION IN THE REGION'S CULTURAL LANDSCAPE. EACH YEAR, THE CONTEMPORARY AUSTIN WELCOMES 60,000 VISITORS TO THE MUSEUM'S TWO UNIQUE SITES-LAGUNA GLORIA ON THE SHORES OF LAKE AUSTIN AND THE JONES CENTER IN DOWNTOWN AUSTIN. THE CONTEMPORARY AUSTIN IS CURRENTLY DESIGNING A MASTER PLAN FOR THE DEVELOPMENT OF THE BETTY AND EDWARD MARCUS SCULPTURE PARK AT LAGUNA GLORIA, A SPACE FOR THE PUBLIC TO EXPERIENCE EXCEPTIONAL WORKS OF ART FRAMED BY THE VIBRANT TEXAS LANDSCAPE AND THE SITE'S DISTINCTIVE CULTURAL HERITAGE.THE CONTEMPORARY AUSTIN'S CORE PROGRAMS INCLUDE AN ANNUAL ROSTER OF EXHIBITIONS FEATURING NEW, SITE-RESPONSIVE WORK BY TODAY'S MOST INNOVATIVE AND AMBITIOUS ARTISTS. RECENT EXHIBITIONS HAVE FEATURED INTERNATIONALLY ACCLAIMED ARTISTS AI WEIWEI, DO HO SUH, JIM HODGES, WANGECHI MUTU, TOM FRIEDMAN, TOM SACHS, ROBERT THIERRIEN, MONIKA SOSNOWSKA, ROGER HIORNS, NANCY HOLT, BRUCE NAUMAN, ANYA GALLACIO,SUPERFLEX, RYAN GANDER, CAROL BOVE AND TRISHA BAGA ATTRACTING COVERAGE IN NATIONAL AND INTERNATIONAL PUBLICATIONS SUCH AS ARTFORUM, THE NEW YORK TIMES, AND THE WALL STREET JOURNAL.
OFFERING MORE THAN 500 CLASSES TO 4,700 STUDENTS ANNUALLY, THE ART SCHOOL AT LAGUNA GLORIA IS ONE OF THE NATION'S LARGEST MUSEUM-AFFILIATED ART SCHOOLS. FOR MORE THAN FIFTY YEARS, THE ART SCHOOL HAS ENABLED STUDENTS TO EXPAND THEIR CREATIVITY, ENHANCE VISUAL AWARENESS, AND CULTIVATE TECHNICAL SKILLS IN A WIDE VARIETY OF MEDIA. DISTINGUISHED FACULTY PROVIDE INSTRUCTION IN PAINTING, DRAWING, CERAMICS, PHOTOGRAPHY, COLLAGE, AND SCULPTURE TO STUDENTS RANGING IN AGES FOUR THROUGH ADULT. SINCE 1980, THE ART SCHOOL HAS AWARDED MORE THAN $425,000 IN SCHOLARSHIPS TO STUDENTS IN NEED OF FINANCIAL ASSISTANCE.
MISSION TO INTEGRATE CONTEMPORARY ART INTO THE FABRIC OF CITY LIFE. DELIBERATELY DIVERSE IN SCOPE AND CONTENT, PUBLIC PROGRAMMING INCLUDES ARTIST'S TALKS, FILM SCREENINGS, AND MUSICAL PERFORMANCES THAT ACTIVATE THE EXHIBITIONS ON VIEW. THE CONTEMPORARY AUSTIN ALSO SERVES AS AN INVALUABLE RESOURCE FOR ART EDUCATION IN THE CENTRAL TEXAS REGION THROUGH TOURS, FAMILY PROGRAMS, AND SCHOOL PARTNERSHIPS. EACH YEAR, MORE THAN 10,000 CHILDREN IN GRADES K-12 PARTICIPATE IN DOCENT-LED TOURS, AND MORE THAN 6,000 COMMUNITY MEMBERS ATTEND FREE FAMILY DAYS AT THE MUSEUM. THE CONTEMPORARY AUSTIN ACTIVELY COLLABORATES WITH NUMEROUS COMMUNITY PARTNERS INCLUDING, THE AUSTIN FILM SOCIETY, DEPARTMENT OF ART AND ART HISTORY AT THE UNIVERSITY OF TEXAS AT AUSTIN, FUSEBOX FESTIVAL, TEXAS BOOK FESTIVAL, AND TITLE I SCHOOLS IN THE AUSTIN AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sharon Maidenberg Executive Director | Officer | 40 | $241,615 |
Dany Naierman Senior Director-Finance & Operations | Officer | 40 | $73,654 |
Chris Garza Financial Controller | Officer | 40 | $37,086 |
Rachel Arnold Treasurer | OfficerTrustee | 1 | $0 |
Matty Wishnow Chair | OfficerTrustee | 1 | $0 |
Milam Newby Secretary | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Beck Group Architectural | 12/30/19 | $1,217,540 |
Gladstone Gallery Sculpture | 12/30/19 | $600,000 |
Blue House Design Inc Sound Equipment Rental | 12/30/19 | $150,835 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $344,736 |
Fundraising events | $1,067,011 |
Related organizations | $910,133 |
Government grants | $682,649 |
All other contributions, gifts, grants, and similar amounts not included above | $1,835,427 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,839,956 |
Total Program Service Revenue | $1,886,834 |
Investment income | $32,572 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $53,569 |
Net Income from Fundraising Events | $746,196 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $73,895 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,689,663 |
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. | $359,553 |
Compensation of current officers, directors, key employees. | $151,516 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,171,216 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $226,945 |
Payroll taxes | $187,879 |
Fees for services: Management | $0 |
Fees for services: Legal | $6 |
Fees for services: Accounting | $35,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,020,330 |
Advertising and promotion | $182,010 |
Office expenses | $263,610 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $302,115 |
Travel | $78,849 |
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 | $699,452 |
Insurance | $98,798 |
All other expenses | $35,618 |
Total functional expenses | $6,547,415 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,349,611 |
Savings and temporary cash investments | $1,552,597 |
Pledges and grants receivable | $2,199,525 |
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 | $72,617 |
Prepaid expenses and deferred charges | $249,715 |
Net Land, buildings, and equipment | $15,213,392 |
Investments—publicly traded securities | $2,535,468 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $24,172,925 |
Accounts payable and accrued expenses | $333,376 |
Grants payable | $0 |
Deferred revenue | $654,762 |
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 | $300,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,288,138 |
Net assets without donor restrictions | $18,324,564 |
Net assets with donor restrictions | $4,560,223 |
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 | $24,172,925 |
Over the last fiscal year, we have identified 1 grants that Contemporary Austin Museum Inc has recieved totaling $100,000.
Awarding Organization | Amount |
---|---|
The Powell Foundation Houston, TX PURPOSE: ARTS: EDUCATIONAL PROGRAMMING AND INITIATIVES FOR CHILDREN AND YOUTH | $100,000 |
Beg. Balance | $20,546,213 |
Earnings | $2,302,449 |
Other Expense | $910,133 |
Ending Balance | $21,938,529 |
Organization Name | Assets | Revenue |
---|---|---|
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |
Contemporary Arts Museum Houston Houston, TX | $15,488,500 | $3,325,689 |