Overview
What is Massachusetts Museum Of Contemporary Art Foundation Inc?
Massachusetts Museum of Contemporary Art Foundation Inc, located at 1040 MASS MOCA WAY in North Adams, Massachusetts (01247), is a nonprofit organization dedicated to the creation and operation of a world-class contemporary art museum. Their mission is to present visual and performing arts and related educational programs for public benefit. The organization operates the entire MASS MOCA campus, managing its buildings and grounds. The number of employees within this foundation totals 189. Their activities include fostering contemporary art and securing related funding. The costs of realty operations allocable to other program services, supporting services, and auxiliary activities have not been determined in the provided information.
Official website here: www.massmoca.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Massachusetts Museum of Contemporary Art Foundation Inc has received a strong 92% rating, which indicates a high level of accountability and financial health. With an independent board comprising 96% of its members and a well-structured audit committee, the organization demonstrates a commitment to transparency and governance. The absence of any material diversion of assets further strengthens its financial integrity.
The museum effectively manages its resources, as evidenced by a program expense ratio of 79.13%, indicating a substantial portion of its budget is dedicated to its programs. The fundraising efficiency ratio of $0.09 suggests a cost-effective approach to fundraising, allowing more funds to be directed towards its mission. The working capital ratio of 5.09 years shows a robust financial position, enabling the organization to sustain its operations.
However, there are some areas for improvement, particularly the lack of a whistleblower policy and a document retention and destruction policy, which received no points. Addressing these gaps could enhance the organization's overall governance structure and reassure stakeholders of its commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Museum Of Contemporary Art Foundation Inc legitimate?
Massachusetts Museum Of Contemporary Art Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Museum Of Contemporary Art Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $685,957
Professional Fundraising Fees: $10,400
Other Salaries and Wages: $5,401,963
For more financial information, click here
Official website here: www.massmoca.org
What is the mission statement of Massachusetts Museum Of Contemporary Art Foundation Inc?
Massachusetts Museum Of Contemporary Art Foundation Inc's mission is centered around fostering and presenting visual and performing arts, as well as related educational programs for public benefit. The organization operates a world-class contemporary art museum, securing the necessary funding to do so. Their mission goes beyond just exhibiting art; it enriches the community by making these experiences accessible to the public. The campus requires significant facilities operations and maintenance, but the exact costs allocated to other program services, supporting services, and auxiliary activities have not been determined.
Official website here: www.massmoca.org
Who is the CEO of Massachusetts Museum Of Contemporary Art Foundation Inc?
Tracy Moore is the Director of Massachusetts Museum Of Contemporary Art Foundation Inc.
Official website here: www.massmoca.org
What is the revenue of Massachusetts Museum Of Contemporary Art Foundation Inc?
Massachusetts Museum Of Contemporary Art Foundation Inc's revenue in 2022 was $16,537,335.
Official website here: www.massmoca.org
Who are the executives of Massachusetts Museum Of Contemporary Art Foundation Inc and what are their salaries?
The average compensation at Massachusetts Museum Of Contemporary Art Foundation Inc during 2022 was $32,211. There are 189 employees and 215 volunteers at Massachusetts Museum Of Contemporary Art Foundation Inc.
Here are 39 key members and their salaries:
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Official website here: www.massmoca.org
Where can I find the form 990 for Massachusetts Museum Of Contemporary Art Foundation Inc?
Massachusetts Museum Of Contemporary Art Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massmoca.org
Learn more at the official website: www.massmoca.org
Mission Statement of Massachusetts Museum Of Contemporary Art Foundation Inc
Massachusetts Museum of Contemporary Art Foundation Inc, also known as MASS MOCA, is a leading institution dedicated to the creation and operation of a world-class contemporary art museum. With a mission to foster and present visual and performing arts and related educational programs for the public's benefit, MASS MOCA goes above and beyond to engage and inspire audiences.
The organization's primary focus lies in the curation and presentation of contemporary art, providing a platform for innovative and thought-provoking works that challenge and inspire viewers. By offering a diverse range of exhibitions and performances, MASS MOCA aims to broaden the public's understanding and appreciation of contemporary art.
Moreover, MASS MOCA is deeply committed to providing educational programs that foster creativity, critical thinking, and learning among visitors of all ages. Through workshops, guided tours, and interactive installations, the museum offers opportunities for visitors to engage with the art on a deeper level. By making the arts accessible to a wide audience, MASS MOCA plays a vital role in enriching the cultural landscape and promoting dialogue around important issues.
In addition to its artistic initiatives, MASS MOCA also manages the facilities and operations of its entire campus. While the cost of realty operations for supporting services, auxiliary activities, and other program services has not been determined, it is clear that the organization's dedication to its mission extends to all aspects of its operations. With a commitment to excellence and a passion for the arts, MASS MOCA continues to be a trailblazer in the world of contemporary art.
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Impact
October, 2024
The Massachusetts Museum of Contemporary Art (MASS MoCA) significantly impacts the community and the broader art world through its dedication to fostering and presenting visual and performing arts. With a mission centered on benefiting the public, it provides a vibrant platform for artists and audiences alike. The museum's operation and maintenance of its expansive campus in North Adams support a rich array of exhibitions, performances, and educational programs.
MASS MoCA has transformed the cultural landscape of the region by attracting visitors, stimulating economic growth, and creating a dynamic space for artistic innovation. Its commitment to contemporary art encourages collaboration and dialogue among artists, educators, and the public, making it a crucial hub for creative expression. By securing funding and ensuring the ongoing operation of world-class facilities, the museum plays a vital role in the preservation and promotion of the arts, enriching the community’s cultural fabric and inspiring future generations.
This information is meant to be a general summary of Massachusetts Museum Of Contemporary Art Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $429,862
- Program Service Revenue: $4,151,693
- Gross Receipts: $23,273,114
Assets and Liabilities:
- Total Assets: $80,096,723
- Total Liabilities: $5,222,671
- Net Assets: $74,874,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$2,277,601
FESTIVAL EVENTS
Revenue
$1,698,256
ARTIST RESIDENCY WORKSHOPS
Revenue
$153,281
EDUCATIONAL PROGRAM
Revenue
$22,555
Organization Details
Founding Year
1990
Phone
(413) 664-4481Principal Officer
Tracy Moore
Main Address
1040 MASS MOCA WAY, NORTH ADAMS, MA, 01247
Website
www.massmoca.orgNTEE Category
Code: B51Z - Education
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