Overview
What is Madison Museum Of Contemporary Art Foundation Inc?
Madison Museum of Contemporary Art Foundation Inc is a nonprofit organization situated in Madison, Wisconsin. Its primary purpose is to manage investments and accept donations, grants, and bequests exclusively for the benefit of the Madison Museum of Contemporary Art. The foundation's role is crucial in supporting the museum's operations and initiatives, ensuring its continued growth and success in promoting contemporary art. The foundation does not actively provide services or programs directly, but its role in funding and investment administration is essential to the museum's mission.
Official website here: www.mmoca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Madison Museum of Contemporary Art Foundation Inc has achieved a remarkable 97% score from Charity Navigator, reflecting exceptional accountability and financial health. This rating is based entirely on the organization's commitment to transparency, governance practices, and effective use of funds, demonstrating a strong emphasis on financial integrity.
The foundation boasts a fully independent board, with all 10 members meeting the criteria for independence, which contributes to its high governance score. Furthermore, the organization maintains a 0% liabilities to assets ratio, indicating robust financial stability, and allocates an impressive 92.44% of its expenses directly to programs, highlighting its focus on fulfilling its mission.
While the organization shows strengths in most evaluated areas, it is important to recognize that ongoing efforts are necessary to maintain these high standards. Overall, the Madison Museum of Contemporary Art Foundation Inc presents itself as a trustworthy and well-managed nonprofit, making significant contributions to the contemporary art community.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Museum Of Contemporary Art Foundation Inc legitimate?
Madison Museum Of Contemporary Art Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mmoca.org
What is the mission statement of Madison Museum Of Contemporary Art Foundation Inc?
The Madison Museum of Contemporary Art Foundation Inc's mission is centered around managing investments and acquiring support. This support, in the form of donations, grants, and bequests, is solely intended for the benefit of the Madison Museum of Contemporary Art. The primary objective of the foundation is to utilize these resources effectively to advance the interests of the art museum.
Official website here: www.mmoca.org
Who is the CEO of Madison Museum Of Contemporary Art Foundation Inc?
Colin Good is the Chair of Madison Museum Of Contemporary Art Foundation Inc.
Official website here: www.mmoca.org
What is the revenue of Madison Museum Of Contemporary Art Foundation Inc?
Madison Museum Of Contemporary Art Foundation Inc's revenue in 2023 was $168,477.
Official website here: www.mmoca.org
Who are the executives of Madison Museum Of Contemporary Art Foundation Inc and what are their salaries?
There 8 volunteers at Madison Museum Of Contemporary Art Foundation Inc.
Here are 9 key members and their salaries:
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- Related: $190,060
- Other: $15,200
Official website here: www.mmoca.org
Where can I find the form 990 for Madison Museum Of Contemporary Art Foundation Inc?
Madison Museum Of Contemporary Art Foundation Inc's most recent form 990 was submitted in 2023 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 Foundation Inc
The Madison Museum of Contemporary Art Foundation Inc is dedicated to managing investments and securing support for the sole benefit of the Madison Museum of Contemporary Art. This nonprofit organization receives contributions in the form of gifts, grants, and bequests, all of which are intended to bolster the Madison Museum of Contemporary Art. In essence, the foundation's mission is to serve as a financial backbone for the museum, ensuring its continued growth and success.
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Impact
October, 2024
Madison Museum of Contemporary Art Foundation Inc plays a crucial role in nurturing and sustaining the artistic landscape of Madison, Wisconsin. By administering investments and gathering financial support through gifts, grants, and bequests, the foundation directly enhances the resources available to the Madison Museum of Contemporary Art. This support allows the museum to offer a diverse range of contemporary art exhibitions, educational programs, and community engagement initiatives that enrich the cultural fabric of the region.
The mission of the foundation ensures that the museum remains a vibrant hub for artists and art lovers alike, fostering creativity and dialogue through contemporary art. Its efforts not only preserve and promote artistic expression but also contribute to the local economy and tourism by attracting visitors and stimulating interest in the arts. Overall, the foundation's impact is reflected in its support for the ongoing success and outreach of the Madison Museum of Contemporary Art, making it a vital entity in the community.
This information is meant to be a general summary of Madison 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 2023.
- Investment Income: -$16,320
- Gross Receipts: $6,036,491
Assets and Liabilities:
- Total Assets: $9,637,358
- Total Liabilities: $0
- Net Assets: $9,637,358
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Organization Details
Founding Year
1999
Phone
(608) 257-0158Principal Officer
Colin Good
Main Address
227 STATE ST, MADISON, WI, 53703
Website
www.mmoca.orgNTEE Category
Code: T11 - Philanthropy
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