Overview
What is Institute Of Contemporary Art Miami Inc?
The Institute of Contemporary Art Miami Inc, a notable nonprofit organization, is located in Miami. Its primary objective is to champion contemporary artists and stimulate the exchange of art and ideas on a global scale. They accomplish this through a diverse range of exhibitions and programs. Their communications program plays a significant role in educating the public about contemporary art's relevance in society, utilizing various communication channels. The Institute's mission extends beyond the Miami region, aiming to foster connections and dialogues on a global level.
Official website here: www.icamiami.org
What are the reviews and ratings of this charity?
Institute Of Contemporary Art Miami Inc has earned a commendable Four-Star out of Four Star rating from Charity Navigator, with an overall score of 94%. This high rating is solely derived from its Accountability & Finance metrics, reflecting robust governance and transparency practices. The organization boasts a fully independent board and has no material diversion of assets, showcasing a strong commitment to ethical management.
Despite the impressive scores, there are a few areas for improvement. Notably, the organization is lacking in the dissemination of its IRS tax form on its website and distribution to board members before filing, both of which received low scores. Additionally, while the program expense ratio is strong at 72.89%, the impact measurement and cultural community scores remain unassessed.
User reviews on GreatNonprofits could not be retrieved, leaving a gap in community sentiment. Overall, the Institute of Contemporary Art Miami demonstrates strong accountability and financial practices, which are critical for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Contemporary Art Miami Inc legitimate?
Institute Of Contemporary Art Miami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Contemporary Art Miami 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: $479,845
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,861,646
For more financial information, click here
Official website here: www.icamiami.org
What is the mission statement of Institute Of Contemporary Art Miami Inc?
The Institute of Contemporary Art, Miami (ICA Miami), is devoted to championing the work of contemporary artists. Its mission extends beyond the local scene, aiming to foster the exchange of art and ideas on a global scale. Through a vibrant calendar of events, ICA Miami actively facilitates the dissemination of contemporary art, highlighting its relevance in society. The organization's communications program plays a crucial role in educating the public about contemporary art's significance, employing various media forms to achieve this goal.
Official website here: www.icamiami.org
What is the revenue of Institute Of Contemporary Art Miami Inc?
Institute Of Contemporary Art Miami Inc's revenue in 2023 was $12,066,773.
Official website here: www.icamiami.org
Who are the executives of Institute Of Contemporary Art Miami Inc and what are their salaries?
The average compensation at Institute Of Contemporary Art Miami Inc during 2023 was $29,639. There are 79 employees and 41 volunteers at Institute Of Contemporary Art Miami Inc.
Here are 45 key members and their salaries:
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Official website here: www.icamiami.org
Where can I find the form 990 for Institute Of Contemporary Art Miami Inc?
Institute Of Contemporary Art Miami Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.icamiami.org
Learn more at the official website: www.icamiami.org
Mission Statement of Institute Of Contemporary Art Miami Inc
The Institute of Contemporary Art Miami (ICA Miami) is committed to championing the work of contemporary artists and fostering the exchange of art and ideas on a local and international scale. Its mission is twofold: firstly, it aims to promote contemporary art, providing a platform for artists to showcase their work and engage with audiences. Secondly, it encourages the exchange of ideas, facilitating dialogues and collaborations that transcend geographical boundaries. ICA Miami achieves this through an active calendar of exhibitions, programs, and events. In addition to this, the organization's communications program leverages various media outlets to educate the public about the significance of contemporary art in society, thereby contributing to a broader understanding and appreciation of this art form.
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Impact
July, 2024
Institute Of Contemporary Art Miami Inc, through its activities at THE INSTITUTE OF CONTEMPORARY ART, MIAMI (ICA MIAMI), plays a significant role in promoting contemporary artists and fostering the exchange of art and ideas. By organizing exhibitions and various programs, the institute actively engages with the Miami community and beyond, showcasing the significance of contemporary art in society. Its communications program effectively utilizes different media platforms to educate the public about the relevance and impact of contemporary art. Through its energetic calendar of events, ICA Miami contributes to the enrichment of cultural experiences both locally and internationally, making a notable impact in the field of arts.
This information is meant to be a general summary of Institute Of Contemporary Art Miami 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: $117,141
- Program Service Revenue: $43,537
- Gross Receipts: $12,727,431
Assets and Liabilities:
- Total Assets: $54,965,499
- Total Liabilities: $1,947,149
- Net Assets: $53,018,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GIFT SHOP
Revenue
$43,537
Organization Details
Founding Year
2014
Principal Officer
Alex J Gartenfeld
Website
www.icamiami.orgNTEE Category
Code: A51 - Arts
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