Boulder Museum Of Contemporary Art
- Assets
- $880.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Boulder, CO
- Founding
- 09/1977
- Data as of
- 12/2021
- EIN
- 84-0764634
Organization Overview
Boulder Museum Of Contemporary Art is located in Boulder, CO. The organization was established in 1977. 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, Boulder Museum Of Contemporary Art employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder 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 12/2021, Boulder Museum Of Contemporary Art generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 3.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BOULDER MUSEUM OF CONTEMPORARY ART INSPIRES CREATIVITY AND FOSTERS COMMUNITY THROUGH CONTEMPORARY ART.
Describe the Organization's Program Activity:
BOULDER MUSEUM OF CONTEMPORARY ART (BMOCA) HAS SERVED THE COMMUNITY SINCE 1972. AS A NON-COLLECTING INSTITUTION, BMOCA PRESENTS ROTATING EXHIBITIONS THAT STIMULATE ACTIVE PARTICIPATION IN THE GLOBAL AND LOCAL DIALOGUE ABOUT CONTEMPORARY ART. BMOCA WORKS TO DEVELOP EXHIBITIONS AND PROGRAMS THAT INCORPORATE DIVERSE ARTISTS, ARTISTIC MEDIA, AND APPEAL TO VARIOUS AUDIENCES. IN 2021, BMOCA PRESENTED 16 DISTINCT EXHIBITIONS AND ENGAGED OVER 340 ARTISTS FOR EXHIBITIONS AND PROGRAMS.
BMOCA OFFERS 7 DISTINCT ART EDUCATION OUTREACH PROGRAMS. SIX OF THE SEVEN METRO AREA COUNTIES ARE RECIPIENTS OF ONE OR MORE OF THESE PROGRAMS, AND SIX OF THE SEVEN PROGRAMS ARE PROVIDED AT NO COST TO THE PARTICIPANTS DUE THE GENEROSITY OF BMOCA SUPPORTERS. THE PROGRAMS ARE DEVELOPED TO SERVE MULTIPLE AUDIENCES FROM YOUTH TO SENIORS WITH MEMORY LOSS, AND FOCUS ON ENSURING PARTICIPANTS GAIN NEW KNOWLEDGE ABOUT THE THEMES AND TECHNIQUES OF CONTEMPORARY ART, AS WELL AS APPRECIATE THEIR OWN UNIQUE ABILITIES TO PARTICIPATE IN ART CREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dadone Executive Di | Officer | 40 | $110,042 |
Lauren Roberts President | OfficerTrustee | 5 | $0 |
Mike Piche Co-Vice Pres | OfficerTrustee | 5 | $0 |
Ann Moss Co-Vice Pres | OfficerTrustee | 5 | $0 |
Eliza Leach Treasurer | OfficerTrustee | 5 | $0 |
Kirk Ambrose Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,060 |
| Fundraising events | $14,201 |
| Related organizations | $0 |
| Government grants | $417,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $511,617 |
| Noncash contributions included in lines 1a–1f | $9,324 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,965 |
| Total Program Service Revenue | $126,594 |
| Investment income | $594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,540 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,183,772 |
| 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. | $115,729 |
| Compensation of current officers, directors, key employees. | $3,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,317 |
| Payroll taxes | $54,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,676 |
| Advertising and promotion | $14,512 |
| Office expenses | $54,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,802 |
| Insurance | $9,579 |
| All other expenses | $15,642 |
| Total functional expenses | $1,049,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,814 |
| Savings and temporary cash investments | $234,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,697 |
| Loans from Officers, Directors, or Controlling Persons | $841 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,846 |
| Prepaid expenses and deferred charges | $2,643 |
| Net Land, buildings, and equipment | $109,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $880,152 |
| Accounts payable and accrued expenses | $69,383 |
| Grants payable | $0 |
| Deferred revenue | $8,700 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,083 |
| Net assets without donor restrictions | $597,069 |
| Net assets with donor restrictions | $55,000 |
| 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 | $880,152 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Boulder Museum Of Contemporary Art has recieved totaling $274,263.
| Awarding Organization | Amount |
|---|---|
Bebe & Crosby Kemper Foundation Tr 093097 Kansas City, MO PURPOSE: FOR EDUCATION PROGRAMS | $150,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $29,600 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $18,800 |
Bonfils-Stanton Foundation Denver, CO PURPOSE: JOHNSTON R. LIVINGSTON FELLOWSHIP TO SUPPORT THE ADVANCED PROFESSIONAL DEVELOPMENT OF DAVID DADONE | $17,500 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $15,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $13,326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Art Museum Phoenix, AZ | $7,242,004 | $9,400,156 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
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 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Mca Denver Denver, CO | $23,563,221 | $5,372,838 |
Clyfford Still Museum Denver, CO | $20,985,352 | $4,386,446 |
Tucson Museum Of Art Tucson, AZ | $11,220,910 | $5,263,730 |
New Museum At The Bradford Brinton Ranch Big Horn, WY | $21,761,530 | $2,659,139 |
Site Santa Fe Santa Fe, NM | $20,776,808 | $1,925,368 |
American Museum Of Western Art-The Anschutz Collection Denver, CO | $3,359,244 | $1,672,973 |