Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
EIN 59-2085261 • 501(c)3 • North Miami, FL
Profile
The mission of the museum of contemporary art is to make contemporary art accessible to diverse audiences-especially under-served populations-by exploring the art of our time and its relationship to a broader cultural context. The museum is particularly interested in providing a forum for young and emerging artists and in presenting and collecting works by local as well as internationally recognized artists. The museum carries out this mission through exhibitions and acquiring works for its permanent collection as well as related symposia, publications, films, lectures, performances, and educational outreach activities, thereby providing a forum for dialogue about contemporary art in the community.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Liabilities / Revenue
51st percentile
Higher debt load relative to revenue than 51% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
60th percentile
Faster asset growth than 60% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
Assets
Up$3,225,054
Up $213,763 (+7.1%) from 2023
Liabilities
Up$299,207
Up $154,578 (+107%) from 2023
Net Assets
Up$2,925,847
Up $59,185 (+2.1%) from 2023
Revenue
Up$3,825,244
Up $743,258 (+24%) from 2023
Expenses
Up$3,926,292
Up $982,233 (+33%) from 2023
Net Income
Down-$101,048
Down $238,975 (-173%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
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.
The mission of the musuem of contemporary art is to contemporary art accesible to diverse audiences - especially underserved populations through the collection, preservation and exhibition of the best of contemporary art and its art historical influences. In fiscal year 2024, the museum of contemporary art, north miami (moca) continued its mission of making contemporary art accessible to the diverse communities of south florida. With a legacy spanning over 25 years, moca welcomed more than 60,000 visitors annually, offering free admission to north miami residents and presenting a dynamic slate of exhibitions, educational programs, and public events.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,544,354 | $1,474,478 | ▼ $69,876 |
| Investments in Publicly Traded Securities | $973,052 | $1,149,707 | ▲ $176,655 |
| Pledges and Grants Receivable | $425,931 | $546,546 | ▲ $120,615 |
| Land, Buildings, and Equipment, Net | $43,574 | $34,818 | ▼ $8,756 |
| Inventories for Sale or Use | $24,380 | $14,410 | ▼ $9,970 |
| Prepaid Expenses and Deferred Charges | - | $5,095 | - |
| Total Assets | $3,011,291 | $3,225,054 | ▲ $213,763 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $144,535 | $164,145 | ▲ $19,610 |
| Deferred Revenue | - | $135,000 | - |
| Other Liabilities | $94 | $62 | ▼ $32 |
| Total Liabilities | $144,629 | $299,207 | ▲ $154,578 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $1,680,120 | $1,504,437 | ▼ $175,683 |
| Net Assets Without Donor Restrictions | $1,186,542 | $1,421,410 | ▲ $234,868 |
| Total Net Assets Fund Balance | $2,866,662 | $2,925,847 | ▲ $59,185 |
| Total Liabilities and Net Assets / Fund Balance | $3,011,291 | $3,225,054 | ▲ $213,763 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $34,818 | $193,756 | $228,574 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $537,256 | $898,471 | ▲ $168,476 | - | $1,026,371 |
| 2022 | $526,278 | - | ▲ $76,119 | $60,000 | $537,256 |
| 2021 | $672,879 | - | ▼ $120,702 | $20,000 | $526,278 |
| 2020 | $541,553 | - | ▲ $136,783 | - | $672,879 |
| 2019 | $597,048 | $8,304 | ▲ $45,611 | $104,666 | $541,553 |
| Name | Title |
|---|---|
| Dr Rudolph Moise | Chairman |
| William M Lehman Jr | Chairman Eme |
| Akiva Gross Phd | Trustee |
| Alix Desulme Edd | Trustee |
| Ariana Holloway | Trustee |
| Cherrie Nanninga | Trustee |
| Christopher Carter | Trustee |
| Diego Polenghi | Trustee |
| Dr Laurinus Pierre | Trustee |
| JUMAANE N'NAMDI | Trustee |
| Laura Alonso-gallo Phd | Trustee |
| Linda Heller Kamm | Trustee |
| Melissa Hunter Davis | Trustee |
| Mireille Louis Charles | Trustee |
| Peggy Hollander | Trustee |
| Richard Baron | Trustee |
| Sebastien Alfred Scemla | Trustee |
| Whit Williams | Trustee |
| Chana Budgazad Sheldon | Executive Di |
| Line Item | Amount |
|---|---|
| Other Expenses | $2,093,479 |
| Salaries, Compensation, and Employee Benefits | $1,832,813 |
| Total Fundraising Expense | $824,487 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $608,819 | $458,326 | $381,025 | $1,448,170 |
| Fees for Services Other | $230,957 | $508,470 | $209,904 | $949,331 |
| Office Expenses | $101,613 | $48,951 | $194,247 | $344,811 |
| Other Employee Benefits | - | $272,178 | - | $272,178 |
| Insurance | $18,599 | $155,235 | - | $173,834 |
| Payroll Taxes | $46,547 | $37,447 | $28,471 | $112,465 |
| Travel | $50,546 | $6,279 | $571 | $57,396 |
| Occupancy | - | $49,444 | - | $49,444 |
| Depreciation Depletion | - | $15,542 | - | $15,542 |
| Other Expenses | $1,700 | $9,326 | $6,779 | $9,326 |
| All Other Expenses | - | - | $329 | $329 |
| Total Functional Expenses | $1,487,758 | $1,614,047 | $824,487 | $3,926,292 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $4,795,989 |
| Expenses per Audited Statements | $3,926,292 |
| Total Expenses per Form 990 | $3,926,292 |
| Expenses Not Reported on Form 990 | $869,697 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Sales Tax Payable | $62 |
“A copy of the 990 is provided to all board members an audit committee for review and comments before 990 is filed.”
“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.”
“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.”
“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.”
“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.”
“The mission of the musuem of contemporary art is to contemporary art accesible to diverse audiences - especially underserved populations through the collection, preservation and exhibition of the best of contemporary art and its art historical influences. In fiscal year 2024, the museum of contemporary art, north miami (moca) continued its mission of making contemporary art accessible to the diverse communities of south florida. With a legacy spanning over 25 years, moca welcomed more than 60,000 visitors annually, offering free admission to north miami residents and presenting a dynamic slate of exhibitions, educational programs, and public events.”
“Education and youth engagement moca's education department served over 750 individuals through seasonal art camps, teen after-school programs, and hands-on workshops. Approximately 1,200 students from miami-dade county public schools and local universities received free access to exhibitions, workshops, and performances. Key education initiatives included: teen art force: free after-school art foundation courses for teens, offered october through may. Summer art camp: a 10-week program for youth ages 6-13, with scholarships awarded to up to 50% of campers. Junior docents program: over 40 hours of training for w.j. Bryan elementary school students in public speaking, leadership, and career readiness. Mini makers & sunday stories: free monthly programs for children ages 1-12, combining storytelling, tours, and artmaking.”
“Community outreach and partnerships moca expanded its off-site programming through partnerships with local schools, libraries, and senior centers: moca at the library: weekly free art workshops for middle and high school students at north miami public library and brockway memorial library. Art workshops for seniors: monthly (and later bi-monthly) hands-on art sessions at the joe celestin center in partnership with the city of north miami's housing & social services department. Community tours: 4-6 free exhibition tours annually for local schools and community partners, with optional hands-on workshops.”
“Public programs and cultural events moca's free public programs fostered community dialogue and cultural appreciation: jazz at moca: monthly outdoor concerts featuring diverse jazz genres, with extended gallery hours and free admission. Conversations at moca: 3-4 annual panel discussions with artists and thought leaders. Artist & curator tours: guided tours accompanying each major exhibition. Moca also actively participated in over a dozen city of north miami events, including la gran fiesta, haitian flag day, juneteenth, earth day, and the annual tree lighting ceremony, further embedding the museum in the cultural fabric of the community.”
“Professional fees and contrac 230,957 508,470 209,904”
“Cost of goods sold 19,423 cost of goods sold -19,423 collection items purchased -53,000 total -53,000”
“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.during the year ended september 30, 2024, the museum received funds to purchase collections which totaled 53,000. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other collection items.”
“Managment has analyzed the tax positions taken and has concluded that as of september 30, 2024, 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.”
“Cost of goods sold 19,423”
“Cost of goods sold 19,423 collection items purchased 53,000”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/MissionDesc | 0 | THE MISSION OF THE MUSUEM OF CONTEMPORARY ART IS TO CONTEMPORARY ART ACCESIBLE TO DIVERSE AUDIENCES - ESPECIALLY UNDERSERVED POPULATIONS THROUGH THE COLLECTION, PRESERVATION AND EXHIBITION OF THE BEST OF CONTEMPORARY ART AND ITS ART HISTORICAL INFLUENCES. IN FISCAL YEAR 2024, THE MUSEUM OF CONTEMPORARY ART, NORTH MIAMI (MOCA) CONTINUED ITS MISSION OF MAKING CONTEMPORARY ART ACCESSIBLE TO THE DIVERSE COMMUNITIES OF SOUTH FLORIDA. WITH A LEGACY SPANNING OVER 25 YEARS, MOCA WELCOMED MORE THAN 60,000 VISITORS ANNUALLY, OFFERING FREE ADMISSION TO NORTH MIAMI RESIDENTS AND PRESENTING A DYNAMIC SLATE OF EXHIBITIONS, EDUCATIONAL PROGRAMS, AND PUBLIC EVENTS. |
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