2024-08-14T16:43:17-05:00 2023-09-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-10-01 592085261 MUSEUM OF CONTEMPORARY ART INC MUSE 3058936211 770 NE 125TH STREET NORTH MIAMI FL 33161 CHANA BUDGAZAD SHELDON EXECUTIVE DIRECTOR 3058936211 2024-08-14 1 1 AARON M FOX P01365820 2022274000 2024-08-14 2022 2024-08-08 14:25:15Z CHANA BUDGAZAD SHELDON 770 NE 125TH STREET NORTH MIAMI FL 33161 3115836 0 X HTTP://WWW.MOCANOMI.ORG/ X 1981 FL TO MAKE CONTEMPORARY ART ACCESSIBLE TO DIVERSE AUDIENCES- ESPECIALLY UNDERSERVED POPULATIONS BY EXPLORING THE ART OF OUR TIME AND ITS RELATIONSHIP TO A BROADER CULTURAL CONTEXT. 14 14 38 14 0 0 3313744 2900934 87123 128334 48959 57398 12035 -4680 3461861 3081986 0 0 0 0 1037529 1314401 0 0 593530 1363327 1629658 2400856 2944059 1061005 137927 2795262 3011291 180999 144629 2614263 2866662 X THE MISSION OF THE MUSEUM OF CONTEMPORARY ART IS TO MAKE CONTEMPORARY ART ACCESSIBLE TO DIVERSE AUDIENCES- ESPECIALLY UNDERSERVED POPULATIONS- THROUGH THE COLLECTION, PRESERVATION AND EXHIBITION OF THE BEST OF CONTEMPORARY ART AND ITS ART HISTORICAL INFLUENCES. 0 0 970361 33526 EXHIBITIONS 268834 47806 EDUCATIONAL PROGRAMS 110462 3414 COMMUNITY ENGAGEMENT 46384 PUBLICATIONS 67223 ACQUISITION 109593 38908 PUBLIC PROGRAMS 223200 38908 1572857 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 38 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 FL X CHANA BUDGAZAD SHELDON 3058936211 770 NE 125TH STREET NORTH MIAMI FL 33161 X WILLIAM M LEHMAN JR CHAIRMAN 1.00 X X 0 0 0 AKIVA GROSS TRUSTEE 1.00 X 0 0 0 CHERRIE NANNINGA TRUSTEE 1.00 X 0 0 0 DR LAURINUS PIERRE TRUSTEE 1.00 X 0 0 0 DR RUDOLPH MOISE TRUSTEE 1.00 X 0 0 0 MARC NAPOLITANO TRUSTEE 1.00 X 0 0 0 PEGGY HOLLANDER TRUSTEE 1.00 X 0 0 0 PHILIPPE BIEN-AIME TRUSTEE 1.00 X 0 0 0 SEBASTIEN SCEMLA TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CARTER TRUSTEE 1.00 X 0 0 0 LAURA ALONSO-GALLO TRUSTEE 1.00 X 0 0 0 JARED MARGOLIS TRUSTEE 1.00 X 0 0 0 MIREILLE LOUIS CHARLES TRUSTEE 1.00 X 0 0 0 MELISSA HUNTER DAVIS TRUSTEE 1.00 X 0 0 0 CHANA SHELDON EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1600513 1300421 2900934 FEES FOR EDUCATION 900099 47806 47806 MUSEUM ADMISSIONS 900099 47002 47002 MEMBERSHIP DUES 900099 33526 33526 128334 57398 57398 1400 0 1400 1400 1400 25756 33850 -8094 -8094 SPECIAL EVENTS 900099 2014 2014 2014 3081986 123654 0 57398 X 1241101 648528 283255 309318 73300 49555 23745 727158 295049 248920 183189 295175 131509 133959 29707 1060 1060 32926 19416 10010 3500 10166 10166 73292 16410 56882 EXHIBITION AND OTHER PR 396246 344133 8042 44071 EQUIPMENT RENTAL 63827 63827 REPAIRS AND MAINTENANCE 19546 3370 16176 BANK CHARGES AND CREDIT 10262 10262 2944059 1572857 777672 593530 1530410 1544354 233536 425931 48067 24380 221789 178215 21454 43574 961795 973052 2795262 3011291 180999 144535 0 94 180999 144629 X 745043 1186542 1869220 1680120 2614263 2866662 2795262 3011291 137927 114472 0 X X 0 1 X 1 0 X 2287819 1653012 2106578 3400867 2900934 12349210 928245 937670 999428 1012879 1111600 4989822 3216064 2590682 3106006 4413746 4012534 17339032 296405 17042627 17202 25327 31975 48959 58798 182261 5001 4747 3490 845 2014 16097 17537390 142614 0.97180 0.98850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 526278 76119 60000 5141 537256 672879 -120702 20000 5899 526278 541553 136783 5457 672879 597048 8304 45611 104666 4744 541553 508793 8509 79746 597048 0.38205 0.61796 0 0 58843 58843 0 151326 107752 43574 11620 11620 0 43574 SALES TAX PAYABLE 94 94 X 4341908 114472 1111600 33850 1259922 3081986 0 3081986 4089509 1111600 33850 1145450 2944059 0 2944059 PART III, LINE 4: THE MUSEUM'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THERE WERE NO ADDITIONS TO THE COLLECTION ITEMS IN THE CURRENT YEAR. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER COLLECTION ITEMS. NO ITEMS IN THE COLLECTION WERE SOLD, GIVEN AWAY, DAMAGED, DESTROYED, OR LOST DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. PART X, LINE 2: THE MUSEUM IS A NOT-FOR-PROFIT CORPORATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND AS SUCH IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON UNRELATED BUSINESS INCOME. THERE WERE NO INCOME TAXES RESULTING FROM UNRELATED BUSINESS INCOME DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IF THE MUSEUM WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST AND PENALTIES WOULD BE REPORTED AS INCOME TAXES. THE MUSEUM IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED NET ON STATEMENT OF REVENUE 33,850. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED NET ON STATEMENT OF REVENUE 33,850. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO ALL BOARD MEMBERS AND AUDIT COMMITTEE FOR REVIEW AND COMMENTS BEFORE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY REQUESTING TRUSTEES, DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO COMPLETE AN ANNUAL CONFLICT OF INTEREST CERTIFICATE OF ACKNOWLEDGEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES ARE DETERMINED BY A SALARY SURVEY FROM THE SOUTHEASTERN MUSEUM CONFERENCE IN WHICH COMPENSATION INFORMATION IS GATHERED BASED ON COMPARABLE MUSEUMS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE IN THE FOLLOWING MANNER: FORM 990 IS AVAIALBLE UPON REQUEST AND CAN BE RETRIEVED USING GUIDESTAR. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 295,049. MANAGEMENT AND GENERAL EXPENSES 248,920. FUNDRAISING EXPENSES 183,189. TOTAL EXPENSES 727,158. FORM 990, PART XII, LINE 2C NEITHER THE OVERSIGHT NOR SELECTION PROCESS HAS CHANGED FROM THE PRIOR YEAR.