Boulder Museum Of Contemporary Art
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Boulder, CO
- Founding
- 09/1977
- Data as of
- 12/2023
- 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 12/2023, Boulder Museum Of Contemporary Art employed 27 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 12/2023, Boulder Museum Of Contemporary Art generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BMOCA PRESENTS EXHIBITIONS & EDUCATION PROGRAMS ACROSS THE REGION, ENGAGING AUDIENCES WITH ART, OFFERING ARTISTS OPPORTUNITIES TO CREATE, AND PROVIDING HANDS-ON EXPERIENCES TO FOSTER CREATIVITY.
Describe the Organization's Program Activity:
BMOCA'S EXHIBITIONS PROGRAM STRIVES TO STIMULATE ACTIVE PARTICIPATION IN THE GLOBAL AND LOCAL DIALOGUE ABOUT CONTEMPORARY ART. BMOCA WORKS TO DEVELOP EXHIBITIONS AND ACCOMPANYING PROGRAMS THAT INCORPORATE DIVERSE ARTISTS, ARTISTIC MEDIA, AND APPEAL TO VARIOUS AUDIENCES. IN 2023, BMOCA PRESENTED 20+ EXHIBITIONS IN 11 LOCATIONS ACROSS THE DENVER METRO AREA AND ENGAGED 250+ ARTISTS FOR EXHIBITIONS AND PROGRAMS.
BMOCA OFFERS 7 DISTINCT ART EDUCATION OUTREACH PROGRAMS. SIX OF THE METRO AREA COUNTIES ARE RECIPIENTS OF ONE OR MORE OF THESE PROGRAMS, 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 | $147,779 |
Gwyneth Burak Deputy Direc | 40 | $119,332 | |
Eliza Leach President | OfficerTrustee | 5 | $0 |
Tomas Mendez Vice Preside | OfficerTrustee | 5 | $0 |
Ann Moss Secretary | OfficerTrustee | 5 | $0 |
Anita Sayed Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,427 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $498,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,313,122 |
| Total Program Service Revenue | $430,296 |
| Investment income | $1,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,606 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,832,710 |
| 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. | $154,556 |
| Compensation of current officers, directors, key employees. | $3,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $701,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,520 |
| Payroll taxes | $74,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,025 |
| Advertising and promotion | $21,178 |
| Office expenses | $41,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,158 |
| Travel | $11,341 |
| 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 | $14,223 |
| Insurance | $10,841 |
| All other expenses | $55,677 |
| Total functional expenses | $1,698,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,519 |
| Savings and temporary cash investments | $287,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,847 |
| Prepaid expenses and deferred charges | $5,457 |
| Net Land, buildings, and equipment | $86,813 |
| Investments—publicly traded securities | $19,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,081,202 |
| Accounts payable and accrued expenses | $84,582 |
| Grants payable | $0 |
| Deferred revenue | $9,041 |
| 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 | $243,623 |
| Net assets without donor restrictions | $485,920 |
| Net assets with donor restrictions | $351,659 |
| 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 | $1,081,202 |