Overview
What is Ps 1 Contemporary Art Center Inc?
Ps 1 Contemporary Art Center Inc, known as MOMA PS1, is a distinguished nonprofit organization situated in Long Island City, New York. With a workforce of 102 individuals, its primary mission is to exhibit and promote contemporary art across various artistic disciplines. This institution, which is not a collecting institution, dedicates its resources to showcasing groundbreaking and provocative artworks. By championing emerging artists, exploring new genres, and supporting adventurous new work from recognized artists, MOMA PS1 fosters innovation in contemporary art. Visitors can engage with this diverse program in a unique and accessible environment, thereby discovering and exploring the world of contemporary art.
Official website here: www.moma.org/ps1
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 91% (Four-Star out of Four Stars)**tar)**
Ps 1 Contemporary Art Center Inc has earned a commendable Four-Star rating from Charity Navigator, highlighting its strong Accountability and Finance practices. This score is based on a thorough evaluation of its operational transparency and independence, with notable points for having a fully independent board and no material diversion of assets. The organization demonstrates solid financial health with a high program expense ratio, indicating that a significant portion of its funding is allocated directly to its programs.
The center's governance policies are robust, including conflict of interest, whistleblower, and document retention policies, all of which are in place and well-documented. These factors contribute to the organization's credibility and potential for community impact. However, the lower working capital ratio may suggest some limitations in financial flexibility, which could be a point for potential improvement.
User reviews from GreatNonprofits could not be fetched, leaving no additional user sentiment available. Overall, Ps 1 Contemporary Art Center Inc appears to be a well-managed nonprofit with a strong focus on accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Ps 1 Contemporary Art Center Inc legitimate?
Ps 1 Contemporary Art Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ps 1 Contemporary Art Center 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: $606,645
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,253,691
For more financial information, click here
Official website here: www.moma.org/ps1
What is the mission statement of Ps 1 Contemporary Art Center Inc?
The mission of Ps 1 Contemporary Art Center Inc, as a contemporary art institute, is to curate and display innovative and experimental art across various disciplines. By acting as a catalyst and advocate for new ideas, discourses, and trends in contemporary art, they actively seek out emerging artists, new genres, and adventurous new work by established artists. Their goal is to support innovation in contemporary art and make it accessible to a broad audience, allowing visitors to discover and explore the work of contemporary artists in a unique environment.
Official website here: www.moma.org/ps1
Who is the CEO of Ps 1 Contemporary Art Center Inc?
Sarah Arison is the Chairman of Ps 1 Contemporary Art Center Inc.
Official website here: www.moma.org/ps1
What is the revenue of Ps 1 Contemporary Art Center Inc?
Ps 1 Contemporary Art Center Inc's revenue in 2022 was $9,702,873.
Official website here: www.moma.org/ps1
Who are the executives of Ps 1 Contemporary Art Center Inc and what are their salaries?
The average compensation at Ps 1 Contemporary Art Center Inc during 2022 was $37,846. There are 102 employees and 26 volunteers at Ps 1 Contemporary Art Center Inc.
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- Other: $8,688
Official website here: www.moma.org/ps1
Where can I find the form 990 for Ps 1 Contemporary Art Center Inc?
Ps 1 Contemporary Art Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moma.org/ps1
Learn more at the official website: www.moma.org/ps1
Mission Statement of Ps 1 Contemporary Art Center Inc
Ps 1 Contemporary Art Center Inc is dedicated to organizing and showcasing contemporary art exhibitions and programs across various artistic disciplines. As a contemporary art institute, it devotes its resources to displaying the most experimental art worldwide, promoting new ideas, discourses, and trends in contemporary art. Ps 1 Contemporary Art Center Inc acts as a catalyst and advocate for emerging artists, new genres, and adventurous new work by both recognized and up-and-coming artists. Its mission is achieved by presenting a diverse program aimed at a broad audience, allowing visitors to explore and discover contemporary art in a unique environment. By actively pursuing innovation in contemporary art, Ps 1 Contemporary Art Center Inc supports the creative process and fosters a vibrant and dynamic artistic community.
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Impact
October, 2024
Ps 1 Contemporary Art Center Inc significantly impacts the contemporary art landscape by serving as a vital platform for emerging and established artists. Located in Long Island City, NY, the institution focuses on organizing and presenting cutting-edge exhibitions that encompass a wide array of artistic disciplines. By highlighting experimental and groundbreaking works, it challenges conventional narratives and encourages innovative discourse within the art community.
The center actively supports new ideas and trends in contemporary art, positioning itself as a catalyst for creativity and a haven for artistic exploration. Through its diverse programming, Ps 1 engages a broad audience, fostering a deeper appreciation for contemporary art and making it more accessible to the public. Visitors are offered unique opportunities to discover and interact with adventurous works, enriching their understanding of both emerging talents and recognized artists.
Ultimately, Ps 1 Contemporary Art Center Inc helps to cultivate an environment where innovation thrives, influencing not only artists but also the audiences that experience their work, thereby contributing to the evolution of contemporary art as a whole.
This information is meant to be a general summary of Ps 1 Contemporary Art Center 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: $14,946
- Program Service Revenue: $518,289
- Gross Receipts: $10,100,448
Assets and Liabilities:
- Total Assets: $7,962,648
- Total Liabilities: $1,648,497
- Net Assets: $6,314,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES
Revenue
$264,252
ADMISSIONS
Revenue
$254,037
Organization Details
Founding Year
1971
Phone
(718) 786-7040Principal Officer
Sarah Arison
Main Address
22-25 JACKSON AVENUE, LONG ISLAND CITY, NY, 11101
Website
www.moma.org/ps1NTEE Category
Code: A510 - Arts
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