Contemporary Arts Foundation Inc
- Assets
- $6.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 12/1997
- Data as of
- 12/2020
- EIN
- 65-0632809
Organization Overview
Contemporary Arts Foundation Inc is located in Miami Beach, FL. The organization was established in 1997. According to its NTEE Classification (A50) the organization is classified as: 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. Contemporary Arts 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 12/2020, Contemporary Arts Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. While expenses have increased by 4.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES TO EXHIBIT THE RUBELL FAMILY COLLECTION OF CONTEMPORARY ART ON LOAN AS WELL AS OTHER PRIVATE AND MUSEUM COLLECTIONS AT ITS PRIMARY LOCATION.
THE FOUNDATION PARTICIPATES IN FORMAL EDUCATION OF ART AND ART HISTORY STUDENTS THROUGH CLASSES CONDUCTED AT THE FOUNDATION BY LOCAL HIGH SCHOOLS, COLLEGES & UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Valadez Director | 40 | $128,800 | |
Jennifer Rubell Director | 1 | $0 | |
Michelle Simkins Director | 1 | $0 | |
Barry Brant Director | 1 | $0 | |
Mera Rubell Director | 1 | $0 | |
Liliana Zarif Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,640,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $39,464 |
| Other Income | $574,846 |
| Total Revenue | $3,254,310 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,623 |
| Other employee salaries and wages | $381,886 |
| Pension plans, employee benefits | $7,574 |
| Interest | $38,582 |
| Taxes | $51,600 |
| Depreciation | $184,400 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,389 |
| Printing and publications | $2,067 |
| Other expenses | $551,494 |
| Total operating and administrative expenses | $1,393,394 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $1,393,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,594 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $9,273 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,047,084 |
| Other assets | $4,426,901 |
| Total assets | $6,502,852 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,160,006 |
| Other liabilities | $52,835 |
| Total liabilities | $1,212,841 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Contemporary Arts Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
I Love Venezuela Foundation Inc Miami, FL PURPOSE: PROGRAM - DONATION EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Palm Beach Maritime Museum Inc Lantana, FL | $20,865,906 | $12,542,003 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Naval Aviation Museum Foundation Inc Pensacola, FL | $33,055,724 | $12,296,659 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Sun N Fun Fly In Inc Lakeland, FL | $10,303,437 | $7,398,461 |
Museum Of Science & History Of Jacksonville Inc Jacksonville, FL | $14,983,828 | $9,624,822 |
Museum Of Arts & Sciences Daytona Beach, FL | $83,635,410 | $4,243,163 |
Georgia Museums Inc Cartersville, GA | $34,504,271 | $6,701,117 |
Museum Of Science And Industry Inc Tampa, FL | $2,652,725 | $2,773,775 |
Museum Of Aviation At Robins Air Force Base Georgia Foundation Inc Warner Robins, GA | $2,983,793 | $2,917,153 |