Massachusetts Museum Of Contemporary Art Foundation Inc

Organization Overview

Massachusetts Museum Of Contemporary Art Foundation Inc is located in North Adams, MA. The organization was established in 1993. As of 09/2021, Massachusetts Museum Of Contemporary Art Foundation Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Museum Of Contemporary Art Foundation 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 09/2021, Massachusetts Museum Of Contemporary Art Foundation Inc generated $22.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $15.0m during the year ending 09/2021. While expenses have increased by 4.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREATION AND OPERATION OF WORLD CLASS CONTEMPORARY ART MUSEUM AND SECURING RELATED FUNDING.

Describe the Organization's Program Activity:

BUILDING AND GROUNDS- FACILITIES OPERATIONS AND MAINTENANCE OF THE ENTIRE MASS MOCA CAMPUS. THE COST OF REALTY OPERATIONS ALLOCABLE TO OTHER PROGRAM SERVICES, SUPPORTING SERVICES, AND AUXILIARY ACTIVITIES HAS NOT BEEN DETERMINED.


VISUAL ARTS MASS MOCA EXHIBITS TEMPORARY LARGE SCALE INSTALLATIONS AND EXHIBITIONS


SPECIAL PROJECTS-VARYING PROJECTS RELATED TO TOURISM, ECONOMIC DEVELOPMENT, TENANT FIT OUT,AND COMMUNITY AND YOUTH SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Thompson
Founding Director
$432,387
Tracy Moore
Deputy Director
$209,234
Timur F Galen
Chairman
$0
Robert L Gold
Treasurer
$0
John Derosa
Clerk
$0
Alan L Beller
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dcg Design Pty Ltd
Industrial -Skyspace
$523,915
Waterman Excavating Inc
Contractor Services
$1,786,468
Saldo Electric Inc
Electrical Services
$181,261
Douglas J Wooliver & Sons Inc
Roof Repair Services
$151,991
Barnaby Heating And Cooling Llc
Hvac And Plumbing Service
$498,048
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$685,995
Fundraising events$570,948
Related organizations$0
Government grants $3,395,834
All other contributions, gifts, grants, and similar amounts not included above$10,703,173
Noncash contributions included in lines 1a–1f $314,938
Total Revenue from Contributions, Gifts, Grants & Similar$15,355,950
Total Program Service Revenue$3,030,443
Investment income $586,270
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,884,016
Net Gain/Loss on Asset Sales $599,112
Net Income from Fundraising Events -$60,927
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $301,086
Miscellaneous Revenue$0
Total Revenue $22,079,829

Grants Recieved

Over the last fiscal year, we have identified 30 grants that Massachusetts Museum Of Contemporary Art Foundation Inc has recieved totaling $6,777,200.

Awarding OrganizationAmount
Fidelity Non-Profit Management Foundation

Boston, MA

PURPOSE: CONSTRUCTION

$2,132,000
Andrew W Mellon Foundation

New York, NY

PURPOSE: TO SUPPORT THE NATIONAL EXPANSION OF ARTISTS AT WORK, WHICH INTEGRATES ART AND ARTISTS THROUGH SUSTAINABLE EMPLOYMENT AND PARTNERSHIP MODELS INTO THE REBUILDING OF HEALTHY COMMUNITIES

$1,500,000
Andrew W Mellon Foundation

New York, NY

PURPOSE: TO SUPPORT THE NATIONAL EXPANSION OF ARTISTS AT WORK, WHICH INTEGRATES ART AND ARTISTS THROUGH SUSTAINABLE EMPLOYMENT AND PARTNERSHIP MODELS INTO THE REBUILDING OF HEALTHY COMMUNITIES

$1,500,000
Rockefeller Philanthropy Advisors Inc

New York, NY

PURPOSE: GENERAL

$311,649
Barr Foundation

Boston, MA

PURPOSE: ARTS & CREATIVITY: TO PROVIDE GENERAL OPERATING SUPPORT

$300,000
Barr Foundation

Boston, MA

PURPOSE: ARTS & CREATIVITY: TO SUPPORT ASSETS FOR ARTISTS TO STRENGTHEN ITS CORE PROFESSIONAL DEVELOPMENT AND ASSET-BUILDING SERVICES AND TO IMPLEMENT KEY STRATEGIC PLAN PRIORITIES

$170,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,084,435
Earnings$1,883,247
Other Expense$1,350,000
Ending Balance$9,617,682

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