Contemporary Austin Museum Inc

Organization Overview

Contemporary Austin Museum Inc is located in Austin, TX. The organization was established in 1963. 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 12/2019, Contemporary Austin Museum Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Contemporary Austin Museum Inc generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $8.9m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND INCREASE AWARENESS OF ART IN AUSTIN, TX.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS AUSTIN'S ONLY MUSEUM DEDICATED TO COMMISSIONING AND EXHIBITING WORK BY LEADING CONTEMPORARY ARTISTS, THE CONTEMPORARY AUSTIN OCCUPIES AN IMPORTANT POSITION IN THE REGION'S CULTURAL LANDSCAPE. EACH YEAR, THE CONTEMPORARY AUSTIN WELCOMES 60,000 VISITORS TO THE MUSEUM'S TWO UNIQUE SITES-LAGUNA GLORIA ON THE SHORES OF LAKE AUSTIN AND THE JONES CENTER IN DOWNTOWN AUSTIN. THE CONTEMPORARY AUSTIN IS CURRENTLY DESIGNING A MASTER PLAN FOR THE DEVELOPMENT OF THE BETTY AND EDWARD MARCUS SCULPTURE PARK AT LAGUNA GLORIA, A SPACE FOR THE PUBLIC TO EXPERIENCE EXCEPTIONAL WORKS OF ART FRAMED BY THE VIBRANT TEXAS LANDSCAPE AND THE SITE'S DISTINCTIVE CULTURAL HERITAGE.THE CONTEMPORARY AUSTIN'S CORE PROGRAMS INCLUDE AN ANNUAL ROSTER OF EXHIBITIONS FEATURING NEW, SITE-RESPONSIVE WORK BY TODAY'S MOST INNOVATIVE AND AMBITIOUS ARTISTS. RECENT EXHIBITIONS HAVE FEATURED INTERNATIONALLY ACCLAIMED ARTISTS AI WEIWEI, DO HO SUH, JIM HODGES, WANGECHI MUTU, TOM FRIEDMAN, TOM SACHS, ROBERT THIERRIEN, MONIKA SOSNOWSKA, ROGER HIORNS, NANCY HOLT, BRUCE NAUMAN, ANYA GALLACIO,SUPERFLEX, RYAN GANDER, CAROL BOVE AND TRISHA BAGA ATTRACTING COVERAGE IN NATIONAL AND INTERNATIONAL PUBLICATIONS SUCH AS ARTFORUM, THE NEW YORK TIMES, AND THE WALL STREET JOURNAL.


OFFERING MORE THAN 500 CLASSES TO 4,700 STUDENTS ANNUALLY, THE ART SCHOOL AT LAGUNA GLORIA IS ONE OF THE NATION'S LARGEST MUSEUM-AFFILIATED ART SCHOOLS. FOR MORE THAN FIFTY YEARS, THE ART SCHOOL HAS ENABLED STUDENTS TO EXPAND THEIR CREATIVITY, ENHANCE VISUAL AWARENESS, AND CULTIVATE TECHNICAL SKILLS IN A WIDE VARIETY OF MEDIA. DISTINGUISHED FACULTY PROVIDE INSTRUCTION IN PAINTING, DRAWING, CERAMICS, PHOTOGRAPHY, COLLAGE, AND SCULPTURE TO STUDENTS RANGING IN AGES FOUR THROUGH ADULT. SINCE 1980, THE ART SCHOOL HAS AWARDED MORE THAN $425,000 IN SCHOLARSHIPS TO STUDENTS IN NEED OF FINANCIAL ASSISTANCE.


MISSION TO INTEGRATE CONTEMPORARY ART INTO THE FABRIC OF CITY LIFE. DELIBERATELY DIVERSE IN SCOPE AND CONTENT, PUBLIC PROGRAMMING INCLUDES ARTIST'S TALKS, FILM SCREENINGS, AND MUSICAL PERFORMANCES THAT ACTIVATE THE EXHIBITIONS ON VIEW. THE CONTEMPORARY AUSTIN ALSO SERVES AS AN INVALUABLE RESOURCE FOR ART EDUCATION IN THE CENTRAL TEXAS REGION THROUGH TOURS, FAMILY PROGRAMS, AND SCHOOL PARTNERSHIPS. EACH YEAR, MORE THAN 10,000 CHILDREN IN GRADES K-12 PARTICIPATE IN DOCENT-LED TOURS, AND MORE THAN 6,000 COMMUNITY MEMBERS ATTEND FREE FAMILY DAYS AT THE MUSEUM. THE CONTEMPORARY AUSTIN ACTIVELY COLLABORATES WITH NUMEROUS COMMUNITY PARTNERS INCLUDING, THE AUSTIN FILM SOCIETY, DEPARTMENT OF ART AND ART HISTORY AT THE UNIVERSITY OF TEXAS AT AUSTIN, FUSEBOX FESTIVAL, TEXAS BOOK FESTIVAL, AND TITLE I SCHOOLS IN THE AUSTIN AREA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Beck Group
Architectural
$1,217,540
Blue House Design Inc
Sound Equipment Rental
$150,835
Gladstone Gallery
Sculpture
$600,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$258,776
Fundraising events$787,447
Related organizations$895,472
Government grants $227,044
All other contributions, gifts, grants, and similar amounts not included above$1,594,744
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,763,483
Total Program Service Revenue$1,916,607
Investment income $81,049
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $255,579
Net Income from Fundraising Events -$83,411
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $50,146
Miscellaneous Revenue$0
Total Revenue $6,013,167

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Contemporary Austin Museum Inc has recieved totaling $12,000.

Awarding OrganizationAmount
Sugar Creek Foundation

New York, NY

PURPOSE: UNRESTRICTED GENERAL

$10,000
Alice Kleberg Reynolds Meyer Fdn Tr

Austin, TX

PURPOSE: PROGRAM SERVICES/EXPENSES

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,798,025
Earnings$2,955,347
Net Contributions$250,000
Other Expense$895,581
Ending Balance$19,107,791

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