Overview
What is Midway Contemporary Art?
Midway Contemporary Art is a nonprofit organization situated in Minneapolis, Minnesota, with a primary focus on visual art. They promote artistic development and offer audiences an intimate engagement with visual culture. During the COVID-19 pandemic, the organization initiated off-site projects across the Twin Cities, culminating in the public performance "In the River" in April 2022. The event featured collaborations with local artists and attracted over 10,000 online viewers. Midway also began limited exhibition programming in its new Marshall St. facility, featuring international installations and collaborations with local communities. Their library, launched in 2007, provides a comprehensive and accessible resource for contemporary art research, housing over 11,000 volumes. The library is free and open to the public, making it a popular destination for artists, scholars, and visitors. Additionally, Midway has a grant program, the Visual Arts Fund, which supports projects and initiatives outside established venues. The fund aims to engage the public with visual art and promote vibrant artistic activity in the Twin Cities.
Official website here: www.midwayart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Midway Contemporary Art has received an 84% score from Charity Navigator, indicating a solid performance in terms of accountability and finance. With a Three-Star rating, the organization demonstrates a strong commitment to maintaining an independent board, with 93% of its members being independent. Additionally, the organization has effective financial oversight, as evidenced by a high score in its liabilities to assets ratio and a program expense ratio of 85.66%.
However, there are notable limitations in Midway Contemporary Art's governance policies. The charity lacks essential documents such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could potentially impact transparency and accountability. Furthermore, the absence of its tax form on the nonprofit's website is a missed opportunity for enhancing public trust.
Overall, while Midway Contemporary Art maintains a strong financial position and governance framework, addressing the gaps in its policy documentation could improve its overall accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Midway Contemporary Art legitimate?
Midway Contemporary Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midway Contemporary Art 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: $123,765
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,780
For more financial information, click here
Official website here: www.midwayart.org
What is the mission statement of Midway Contemporary Art?
Midway Contemporary Art, as a nonprofit organization, supports the creation and reflection of visual art. It facilitates significant developments in the field and offers intimate access to visual culture for its audiences. Its mission is to promote new developments in visual art and serve as a platform for artists to showcase their work. Midway Contemporary Art presents various exhibitions, including sound and film installations, films, and sculptural works, providing a comprehensive overview of contemporary art from around the world. The organization also maintains a library, which is open to the public, offering the most comprehensive and accessible resource for research into contemporary art in the region. Additionally, Midway Contemporary Art has a grant program called the Visual Arts Fund, which supports projects and initiatives happening outside of established venues that engage the public with visual art.
Official website here: www.midwayart.org
Who is the CEO of Midway Contemporary Art?
John Rasmussen is the Chair of Midway Contemporary Art.
Official website here: www.midwayart.org
What is the revenue of Midway Contemporary Art?
Midway Contemporary Art's revenue in 2022 was $1,603,406.
Official website here: www.midwayart.org
Who are the executives of Midway Contemporary Art and what are their salaries?
The average compensation at Midway Contemporary Art during 2022 was $92,886. There are 4 employees and 85 volunteers at Midway Contemporary Art.
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Official website here: www.midwayart.org
Where can I find the form 990 for Midway Contemporary Art?
Midway Contemporary Art's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midwayart.org
Learn more at the official website: www.midwayart.org
Mission Statement of Midway Contemporary Art
Midway Contemporary Art, a nonprofit organization, is dedicated to supporting the creation and reflection of visual art. The organization plays a significant role in facilitating new developments in the field and provides intimate access to visual culture for audiences. Midway Contemporary Art's mission is multifaceted, encompassing the presentation of innovative exhibitions and the provision of a comprehensive and accessible library resource for contemporary art research.
In terms of exhibitions, Midway Contemporary Art has a history of showcasing groundbreaking projects and installations. For instance, they presented "In the River," a public performance by Karthik Pandian that engaged local communities, reaching over 10,000 viewers online. The organization also hosts exhibitions featuring works by international artists, such as Na Mira's "Na Mira: Contrapunctal," which reimagined unfinished works by the late Korean-American artist Theresa Hak Kyung Cha. Additionally, Midway Contemporary Art provides a platform for lesser-known artists and initiatives, such as Dream Chambers Public Access TV and Revived Treasures, Living Memories.
The organization's library, launched in 2007, is a valuable resource for researchers and artists. It offers a diverse collection of monographs, exhibition catalogs, reference books, DVDs, and periodicals, providing a broad overview of contemporary artistic activity from around the world. Midway Contemporary Art's library is unique in its accessibility, being entirely free and open to the public, making it a popular destination for students, academics, artists, writers, curators, and visitors to the Twin Cities.
In conclusion, Midway Contemporary Art is a dynamic and influential organization that supports the creation and reflection of contemporary visual art. Through exhibitions and its library, the organization provides audiences with intimate access to visual culture, fosters new developments in the field, and supports lesser-known artists and initiatives.
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Impact
July, 2024
Midway Contemporary Art plays a crucial role in supporting the creation and reflection upon visual art in the local community. By facilitating significant new developments in the field and providing audiences with intimate access to visual culture, Midway Contemporary Art contributes to the enrichment and diversity of the arts scene in Minneapolis. Through their innovative exhibitions, public performances, and partnerships with artists and organizations, Midway Contemporary Art helps to engage both regular audience members and new communities, expanding the reach and impact of contemporary art in the region. Additionally, their library, which offers a comprehensive and accessible resource for research into contemporary art, serves as a valuable hub for students, academics, artists, and other individuals interested in the arts. Overall, Midway Contemporary Art's activities contribute to the vibrancy and accessibility of the visual arts in Minneapolis and beyond.
This information is meant to be a general summary of Midway Contemporary Art. 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.
- Program Service Revenue: $41,306
- Gross Receipts: $1,605,876
Assets and Liabilities:
- Total Assets: $3,877,893
- Total Liabilities: $1,689,676
- Net Assets: $2,188,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ARTWORK
Revenue
$41,306
Organization Details
Founding Year
2000
Phone
(612) 605-4504Principal Officer
John Rasmussen
Main Address
201 SIXTH ST SE, MINNEAPOLIS, MN, 55414
Website
www.midwayart.orgNTEE Category
Code: A20 - Arts
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