Museum of Contemporary Art Arlington

“The governing body reviews the completed form 990 at the next meeting following the returns completion.”

“Board members are required to disclose conflicts and are required to file a coi form. The board enforces and monitors compliance with the policy.”

“The executive committee of the board of directors conducts an annual evaluation on the performance of the executive director. The recommendations of the executive committee are presented to the full board for approval and adoption.”

“Form 990 is available to the public through guide star.”

“The organization makes available its governing documents and fnancial statements upon written request.”

“Other program services 4: collectors alliance - this program, through educational events and programs, educates the participants on art collection.”

“Donated use of facilities = -$262356”

“The Organization entered into the current lease agreement with The County Board of Arlington County, Virginia (Lessor) on August 11, 1999. The leased premises include land and building of 17,532 square feet. The lease agreement states that as long as the Organization maintains its non-profit 501c(3) status, there will be no consideration paid to the Lessor for the value of the leased facility. The lease agreement called for an initial term of five years with a renewal option of 25 years, which was formally executed in December 2009. The lease term expires on July 31, 2029. The lease required that the Organization pay $500,000 as a contribution towards renovations of the leased property which was paid in prior years. Under the provisions of the lease agreement, the Organization may sublet studio or gallery space without prior written permission of the Lessor, provided that such rental agreements comply with the provisions of the Amended Lease Agreement. The executed lease agreement represents an unconditional promise to give and is reflected as such in the accompanying financial statements. The donation for the building rent received from the County for the years ended June 30, 2024 was $262,356.”