Ps1 Contemporary Art Center Inc

Organization Overview

Ps1 Contemporary Art Center Inc, operating under the name Moma Ps1, is located in Long Island City, NY. The organization was established in 1981. 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 06/2021, Moma Ps1 employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moma Ps1 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 06/2021, Moma Ps1 generated $9.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ORGANIZE AND PRESENT CONTEMPORARY ART EXHIBITIONS AND PROGRAMS ACROSS ALL ARTISTIC DISCIPLINES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXHIBITIONSMOMA PS1 PRESENTS THE WORK OF EMERGING ARTISTS, ESTABLISHED ARTISTS WORKING IN NEW GENRES, AND, OVERALL PRESENTS TO THE PUBLIC WORKS OF CONTEMPORARY ART THAT ARE ENGAGING, CHALLENGING, AND GROUND-BREAKING IN A UNIQUE, ACCESSIBLE VENUE.


LIVE PROGRAMSSINCE ITS FOUNDING IN 1976, MOMA PS1 HAS OFFERED AUDIENCES ONE OF THE MOST EXTENSIVE PROGRAMS OF LIVE PERFORMANCE IN THE WORLD. MOMA PS1'S ACCLAIMED VW SUNDAY SESSIONS PERFORMANCE SERIES WELCOMES VISITORS TO EXPERIENCE AND PARTICIPATE IN LIVE ART, HIGHLIGHTING ARTISTS RESPONDING TO CONTEMPORARY SOCIAL AND POLITICAL ISSUES THROUGH A WIDE VARIETY OF CREATIVE AND CRITICAL LENSES. ENCOMPASSING PERFORMANCE, MUSIC, DANCE, CONVERSATION, AND FILM, THE SERIES DEVELOPS AND PRESENTS PROJECTS BY ESTABLISHED AND EMERGING ARTISTS, SCHOLARS, ACTIVISTS, AND OTHER CULTURAL INSTIGATORS. MOMA PS1'S PIONEERING OUTDOOR MUSIC SERIES WARM UP IS ONE OF THE LONGEST RUNNING MUSIC PROGRAMS HOUSED WITHIN A MUSEUM. AS AN INTEGRAL PART OF MOMA PS1'S CURATORIAL PROGRAM FOR MORE THAN 20 YEARS, WARM UP SEEKS TO ELEVATE INNOVATIVE AND UNDERREPRESENTED VOICES; EMERGING AND ESTABLISHED, LOCAL AND GLOBAL, AND ACROSS GENRES. AS A RESULT OF THE PANDEMIC, DURING AUGUST AND SEPTEMBER, MOMA PS1'S WARM UP SUMMER CONCERT SERIES RETURNED FOR A SUCCESSFUL DIGITAL ENGAGEMENT, WORKING COLLABORATIVELY WITH THE QUEENS BOTANICAL GARDEN (QBG). THE WARM UP EVENT WAS BROADCASTING FROM PS1'S COURTYARD, PROVIDING MUSIC TO BOTH THE QBG AND OUR COMMUNITIES AT HOME. WARM UP ALSO SERVED AS A FUNDRAISER FOR ARTISTS IN NEED OF FINANCIAL SUPPORT DUE TO THE PANDEMIC.


EVENTS & RETAILMOMA PS1'S NIGHT AT THE MUSEUM EVENTS ALLOW GUESTS TO ENJOY AFTER-HOURS ACCESS TO THE EXHIBITION GALLERIES. THE NIGHTS ARE ACCOMPANIED BY DJ SETS, LOCAL FOOD AND BEVERAGE VENDORS, AND PROGRAMMATIC CONTENT SUCH AS LIVE PERFORMANCES, FILM SCREENINGS, AND ARTIST TALKS. DUE TO THE PANDEMIC, NIGHT AT THE MUSEUM WAS CANCELED. ARTBOOK AT MOMA PS1 IS A VIBRANT SOURCE FOR CUTTING-EDGE CONTEMPORARY ART BOOKS OFFERING A GREAT SELECTION OF CONTEMPORARY ART TITLES, INCLUDING MOMA PS1 EXHIBITION-RELATED PUBLICATIONS (AND OTHER MOMA PS1 PRODUCTS), BOOKS RELATING TO CURRENT NEW YORK SHOWS, A LARGE STOCK OF MONOGRAPHS, THEORY, PHOTOGRAPHY, CDS, MULTIMEDIA TITLES, LIMITED EDITIONS, JOURNALS, AND MANY OUT-OF-PRINT TITLES. PS1'S NEW RESTAURANT PARTNER AS OF FISCAL YEAR 2021, MINA'S, IS AN ALL-DAY CAFE FROM CHEF MINA STONE. INFORMED BY LESSONS FROM HER GREEK GRANDMOTHER, STONE'S DECEPTIVELY SIMPLE, MEDITERRANEAN-INSPIRED CUISINE IS AN HOMAGE TO THE SLOW-COOKED, HOMESTYLE DISHES TYPICALLY FOUND ON FAMILY DINNER TABLES THROUGHOUT GREECE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Universal Protection Service Lp
Building Security
$993,226
Masterpiece International Ltd
Shipping
$190,621
Schindler Elevator Corporation
Professional Fees
$159,397
Sapphire Eagle Llc
Professional Fees
$128,799
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $847,354
All other contributions, gifts, grants, and similar amounts not included above$8,583,915
Noncash contributions included in lines 1a–1f $450,000
Total Revenue from Contributions, Gifts, Grants & Similar$9,431,269
Total Program Service Revenue$171,050
Investment income $4,398
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,638,266

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Ps1 Contemporary Art Center Inc has recieved totaling $384,719.

Awarding OrganizationAmount
Rockefeller Philanthropy Advisors Inc

New York, NY

PURPOSE: GENERAL

$250,000
Rockefeller Brothers Fund Inc

New York, NY

PURPOSE: FOR THE 20TH ANNIVERSARY QUINQUENNIAL EXHIBITION AND COLLATERAL ACTIVITIES OF GREATER NEW YORK

$75,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$24,719
Mertz Gilmore Foundation

New York, NY

PURPOSE: MOMA PS1 - PS1 SESSIONS DANCE PROGRAM

$15,000
Players Philanthropy Fund

Towson, MD

PURPOSE: GENERAL SUPPORT TO FURTHER THE ORGANIZATION'S PURPOSE.

$10,000
Brown Foundation Inc

Houston, TX

PURPOSE: OPERATIONS IN HONOR OF AGNES GUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$203,131
Earnings$52,647
Ending Balance$255,778

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