Current Museum Of Art
- Assets
- $53.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2016
- Data as of
- 12/2019
- EIN
- 81-2540118
Organization Overview
Current Museum Of Art is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Current Museum Of 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 12/2019, Current Museum Of Art generated $101.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $82.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO PROMOTE KNOWLEDGE AND UNDERSTANDING OF ART AND, IN PARTICULAR, THE CURRENT IN ART: ART THAT IS CURRENT WITH ITS OWN TIME, ART THAT FLOWS WITHIN THE CURRENT OF HISTORY AND TECHNOLOGY, AND ABOVE ALL, ART WHOSE CREATION AND EXPERIENCE ARE POWERED BY ELECTRIC CURRENT (SEE SCHEDULE O FOR PROGRAM ACCOMPLISHMENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Nathan Chairman/trustee (term 2/2019) | 1 | $0 | |
Alice Lloyd George Trustee | 1 | $0 | |
Angela Redai Treasurer/trustee | 5 | $0 | |
Kelani Nichole Trustee | 5 | $21,000 | |
Mark Molle Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,422 |
| Total Program Service Revenue | $18,265 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $5,925 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $101,671 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $61,740 |
| Total expenses | $82,740 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,091 |
| Other assets | $0 |
| Total assets | $53,091 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,091 |