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Modern And Contemporary Art Support Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133910972 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Modern And Contemporary Art Support Corp?

Modern And Contemporary Art Support Corp is a nonprofit organization, established by the Museum of Modern Art, primarily focused on real estate-related activities. Its main objective is to acquire, hold title to, or obtain interests in land and buildings situated near or in close proximity to the Museum. This organization facilitates construction, reconstruction, and renovation of buildings to support the Museum's tax-exempt purpose. By doing so, the Modern and Contemporary Art Support Corp contributes to the growth and enhancement of the Museum and its esteemed collection of modern and contemporary art.

Is Modern And Contemporary Art Support Corp legitimate?

Modern And Contemporary Art Support Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Modern And Contemporary Art Support Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Modern And Contemporary Art Support Corp?

The Modern and Contemporary Art Support Corp was established with a specific purpose by the Museum of Modern Art. Its main objective is to obtain and manage land and buildings in close proximity to the museum. This organization is instrumental in facilitating construction, reconstruction, and renovation projects for the museum, all aimed at supporting its tax-exempt activities. In essence, the Modern and Contemporary Art Support Corp plays a crucial role in enhancing the Museum of Modern Art's capabilities and furthering its mission.

Who is the CEO of Modern And Contemporary Art Support Corp?

Agnes Gund is the President/Director of Modern And Contemporary Art Support Corp.

What is the revenue of Modern And Contemporary Art Support Corp?

Modern And Contemporary Art Support Corp's revenue in 2022 was $210,973.

Who are the executives of Modern And Contemporary Art Support Corp and what are their salaries?

There 2 volunteers at Modern And Contemporary Art Support Corp.


Here are 3 key members and their salaries:


Agnes Gund (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald S Lauder (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Grooms (Secretary)
  • Compensation: $0
  • Related: $544,885
  • Other: $35,383
Where can I find the form 990 for Modern And Contemporary Art Support Corp?

Modern And Contemporary Art Support Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Modern And Contemporary Art Support Corp

The Modern and Contemporary Art Support Corp, established by the Museum of Modern Art, exists with a specific purpose. Its primary role is to receive, acquire, and hold title to, or interests in, land and buildings that are either contiguous to or in close proximity to the Museum. The corporation's primary objective is to facilitate the construction, reconstruction, and renovation of these buildings. This mission is geared towards enhancing the Museum's ability to operate effectively and achieve its tax-exempt purpose. The Modern and Contemporary Art Support Corp plays a crucial role in supporting the Museum of Modern Art by providing it with the necessary infrastructure required to fulfill its mission of showcasing and preserving modern and contemporary art.

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Impact




October, 2024

Modern and Contemporary Art Support Corp significantly enhances the operational capabilities and outreach of the Museum of Modern Art (MoMA) in New York. By acquiring and managing properties near the museum, it plays a critical role in expanding the physical and functional infrastructure necessary for artistic engagement and cultural programming.

The organization facilitates the construction, reconstruction, and renovation of buildings that directly support the museum’s mission. This not only enhances the exhibition spaces but also provides essential resources for educational and community-driven initiatives. By ensuring that MoMA has the necessary facilities to advance its artistic goals, Modern and Contemporary Art Support Corp strengthens the museum's ability to present modern and contemporary art to a broader audience, thus fostering a deeper appreciation for the arts within the community and beyond.

Ultimately, the impact of Modern and Contemporary Art Support Corp extends beyond mere property management; it underpins the museum's commitment to innovation, accessibility, and artistic expression in a rapidly evolving cultural landscape.




This information is meant to be a general summary of Modern And Contemporary Art Support Corp. 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.

Revenue
$210,973 (2022)
Expenses
$190,428 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $560,965

Assets and Liabilities:

  • Total Assets: $1,239,631
  • Total Liabilities: $843,046
  • Net Assets: $396,585

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Organization Details

Founding Year

1980

Principal Officer

Agnes Gund

Main Address

11 West 53rd Street, New York, NY, 10019

NTEE Category

Code: A50Z - Arts

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