Overview
What is The Contemporary Arts Center?
The Contemporary Arts Center (CAC), located in Cincinnati, Ohio, is a vibrant nonprofit organization that showcases contemporary art from around the world. It attracts over 92,000 visitors annually, offering a diverse range of artistic expressions, from visual and media arts to performances. The CAC serves as a community hub for creative exploration and dialogue, addressing pertinent issues of our time through the works it presents. Currently, the CAC is transforming its 6th Street location into a virtual Creative Education Center, aiming to provide engaging, interactive, and thought-provoking art experiences for young visitors and their caregivers or teachers. The organization's mission is to make art and the creative process accessible to all, fostering interactions between visitors, artists, and ideas of the present era. With a dedicated workforce of 70 individuals, the CAC continues to expand its regional, national, and international influence, engaging and challenging its audience through dynamic, evolving exhibitions and performances.
Official website here: www.contemporaryartscenter.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
The Contemporary Arts Center has achieved an impressive Four-Star rating from Charity Navigator, with a high score of 97%. This rating reflects the organization’s strong commitment to accountability and financial management. Notably, the center boasts a fully independent board, rigorous financial oversight, and a sound structure that supports transparency and ethical practices.
The organization excels in its program expense ratio, allocating 74.98% of its budget directly to programs, which indicates a strong focus on its mission rather than administrative costs. Additionally, it has demonstrated effective fundraising efficiency with a low cost of $0.15 to raise a dollar, further showcasing its operational effectiveness. The financial health is also evident in a favorable liabilities to assets ratio of 24.50% and substantial working capital.
While the ratings and feedback highlight significant strengths, the summary does not indicate specific limitations or areas for improvement, suggesting that The Contemporary Arts Center is operating well within its financial and operational capacities. Overall, it stands out as a reliable nonprofit dedicated to advancing contemporary arts.
This AI summary has been generated from information found on Charity Navigator.
Is The Contemporary Arts Center legitimate?
The Contemporary Arts Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Contemporary Arts Center 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: $157,013
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,421,792
For more financial information, click here
Official website here: www.contemporaryartscenter.org
What is the mission statement of The Contemporary Arts Center?
The Contemporary Arts Center's mission is centered around making art accessible and relatable to the general public. By showcasing the work of progressive artists, it aims to foster a dynamic connection between art and everyday life. The center continually strives to expand its influence on a local, national, and international level, offering a variety of visual and interactive experiences that provoke thought, entertain, and educate. Through exhibitions, performances, educational programs, and outreach initiatives, the Contemporary Arts Center encourages engagement and interaction with contemporary art, artists, and ideas. Collaborating with local and global communities, it celebrates the evolving landscape of art and expression.
Official website here: www.contemporaryartscenter.org
What is the revenue of The Contemporary Arts Center?
The Contemporary Arts Center's revenue in 2023 was $4,777,160.
Official website here: www.contemporaryartscenter.org
Who are the executives of The Contemporary Arts Center and what are their salaries?
The average compensation at The Contemporary Arts Center during 2023 was $23,218. There are 68 employees and 26 volunteers at The Contemporary Arts Center.
Here are 28 key members and their salaries:
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- Compensation: $145,866
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- Other: $11,148
Official website here: www.contemporaryartscenter.org
Where can I find the form 990 for The Contemporary Arts Center?
The Contemporary Arts Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.contemporaryartscenter.org
Learn more at the official website: www.contemporaryartscenter.org
Mission Statement of The Contemporary Arts Center
The Contemporary Arts Center (CAC) is committed to fostering a connection between art and everyday life for all individuals. Through its exhibitions and performances, the organization offers dynamic experiences that challenge, entertain, and educate. The CAC believes that art and the creative process are inherent to every person, and it strives to engage and interact with the art, artists, and ideas of the present moment. The CAC collaborates with its local and global communities of visitors, patrons, and artists to explore and celebrate the ever-evolving landscape of art and expression.
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Impact
October, 2024
The Contemporary Arts Center significantly enriches the cultural fabric of Cincinnati and beyond by providing a platform for engaging with contemporary art in its diverse forms. It serves as a vibrant space where over 92,000 visitors annually can connect with the dynamic interplay between art and life. By showcasing the works of regional, national, and international artists, the CAC creates a setting for dialogue and exploration of contemporary issues as reflected in today's artistic expressions.
Through its exhibitions and performances, the center invites audiences to interact with cutting-edge art, fostering a deep appreciation for the creative processes at work. The CAC's commitment to transforming its facilities into a virtual Creative Education Center is a testament to its dedication to hands-on learning, particularly for young people, emphasizing the importance of creativity in education and community engagement.
In addition to its exhibitions, the CAC serves as a communal venue where artistic expression is celebrated and discussions about pressing societal issues can take place. By featuring commissioned works from local artists and hosting innovative events, it not only supports the local creative community but also amplifies their voices. The Contemporary Arts Center effectively acts as a catalyst for cultural dialogue, making art accessible and relevant to all people while influencing the broader landscape of contemporary art.
This information is meant to be a general summary of The Contemporary Arts Center. 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 2023.
- Investment Income: $332,372
- Program Service Revenue: $40,323
- Gross Receipts: $10,464,196
Assets and Liabilities:
- Total Assets: $37,249,708
- Total Liabilities: $11,994,137
- Net Assets: $25,255,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Exhibition Touring
Revenue
$29,621
Educational Program Revenue
Revenue
$10,702
Organization Details
Founding Year
1940
Principal Officer
Marcus Margerum
NTEE Category
Code: A510 - Arts
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