Overview
What is Madison Museum Of Contemporary Art Inc?
The Madison Museum of Contemporary Art Inc, situated at 227 State Street, Madison, Wisconsin, is a distinguished nonprofit organization dedicated to showcasing, preserving, and interpreting modern and contemporary visual art. With a focus on innovation and creativity, the museum delivers exhibitions, educational programs, and workshops, providing an enriching artistic experience for its visitors. The institution's mission is to promote contemporary art and nurture a deep appreciation for its significance, fostering a vibrant and dynamic art community in Madison and beyond. The team consists of 69 dedicated individuals who contribute to the museum's mission, ensuring its continued success and growth.
Official website here: www.mmoca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Madison Museum of Contemporary Art has achieved a solid Three-Star rating from Charity Navigator, reflecting an 87% score in Accountability & Finance. This rating highlights the organization's strong commitment to transparency and governance, evidenced by its independent board, which is entirely composed of 20 members. The museum's financial oversight is robust, with a comprehensive audit committee and well-documented policies in place for conflict of interest, whistleblowing, and document retention.
Strengths of the organization include its high performance in several key accountability areas, such as a low liabilities-to-assets ratio of 24.48% and a well-maintained oversight of financial statements. The museum's program expense ratio stands at 62.44%, indicating a significant focus on its mission-driven activities. The transparency measures, including publicly available board meeting minutes and a clearly listed website on tax forms, further enhance its credibility.
However, the program expense ratio could be improved, as it ranks only moderately compared to other nonprofits. This might suggest potential areas for growth in maximizing the funds allocated directly towards programs and services. Overall, the Madison Museum of Contemporary Art demonstrates strong governance and accountability practices, which are crucial for maintaining donor trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Museum Of Contemporary Art Inc legitimate?
Madison Museum Of Contemporary Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Museum Of Contemporary Art 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: $169,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $864,012
For more financial information, click here
Official website here: www.mmoca.org
What is the mission statement of Madison Museum Of Contemporary Art Inc?
The Madison Museum of Contemporary Art Inc. is dedicated to showcasing, conserving, and understanding modern and contemporary visual art. Their mission is achieved through various exhibitions, educational programs, and art collection. The museum promotes the appreciation and understanding of contemporary art by presenting original artworks and offering educational workshops and programs. They strive to educate individuals about contemporary art and provide artistic education items.
Official website here: www.mmoca.org
Who is the CEO of Madison Museum Of Contemporary Art Inc?
Christina Brungardt is the President of Madison Museum Of Contemporary Art Inc.
Official website here: www.mmoca.org
What is the revenue of Madison Museum Of Contemporary Art Inc?
Madison Museum Of Contemporary Art Inc's revenue in 2022 was $2,302,239.
Official website here: www.mmoca.org
Who are the executives of Madison Museum Of Contemporary Art Inc and what are their salaries?
The average compensation at Madison Museum Of Contemporary Art Inc during 2022 was $14,973. There are 69 employees and 330 volunteers at Madison Museum Of Contemporary Art Inc.
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- Compensation: $190,060
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- Other: $15,200
Official website here: www.mmoca.org
Where can I find the form 990 for Madison Museum Of Contemporary Art Inc?
Madison Museum Of Contemporary Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mmoca.org
Learn more at the official website: www.mmoca.org
Mission Statement of Madison Museum Of Contemporary Art Inc
Madison Museum of Contemporary Art Inc is committed to showcasing, preserving, and interpreting modern and contemporary visual art. Its mission, in essence, is to promote and celebrate these art forms through various exhibitions, educational programs, and the acquisition of art pieces. The museum's primary goal is to engage with the public, providing them with an opportunity to appreciate and understand the nuances of modern art.
By organizing exhibitions of original artwork, Madison Museum of Contemporary Art Inc invites visitors to explore the creative expressions of contemporary artists. The museum's educational programs further enrich this experience, offering workshops and other artistic education items to foster a deeper understanding and appreciation of modern art. Through these initiatives, the museum plays a significant role in fostering a community that appreciates and values contemporary art.
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Impact
July, 2024
Madison Museum of Contemporary Art Inc's impact lies in promoting modern and contemporary art through exhibitions, educational programs, and collecting. Its activities include exhibiting, collecting, preserving, and interpreting visual art with a focus on modern and contemporary pieces. Through its various exhibits of original artwork, education programs, workshops, and other artistic initiatives, the museum contributes to the cultural enrichment of the community in Madison, WI. The organization plays a significant role in fostering creativity and appreciation for visual arts among visitors and residents, furthering the understanding and enjoyment of modern and contemporary art.
This information is meant to be a general summary of Madison Museum Of Contemporary Art 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: $15
- Program Service Revenue: $81,502
- Gross Receipts: $2,330,299
Assets and Liabilities:
- Total Assets: $15,382,994
- Total Liabilities: $3,067,211
- Net Assets: $12,315,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITIONS
Revenue
$47,262
EDUCATION
Revenue
$34,240
Organization Details
Founding Year
1969
Phone
(608) 257-0158Principal Officer
Christina Brungardt
Main Address
227 STATE STREET, MADISON, WI, 537032214
Website
www.mmoca.orgNTEE Category
Code: A510 - Arts
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