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← INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO

Form 990 for tax year 2022

Filed by INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 27 February 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$1,748,026 changed to $1,769,865
Total assets, end of year
$2,387,678 changed to $2,365,839
Net assets or fund balances, end of year
$859,750 changed to $837,911
Program services expenses
$1,227,188 changed to $1,247,935
Management and general expenses
$182,528 changed to $183,074
Fundraising expenses
$338,310 changed to $338,856
Program service expenses (Part III)
$1,227,188 changed to $1,247,935

Totals

Total revenue
$2,607,776
Total expenses
$1,748,026
Contributions and grants received
$2,605,392
Grants paid
$0
Program service revenue
$0
Investment income
$1,571
Other revenue
$813
Total assets, end of year
$2,387,678
Total liabilities, end of year
$1,527,928
Net assets or fund balances, end of year
$859,750
Program services expenses (Part IX)
$1,227,188
Management and general expenses
$182,528
Fundraising expenses
$338,310
Program service expenses (Part III)
$1,227,188

Program services were 70.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $91,517

  • 1f · All other contributions, gifts and grants

    $2,513,875

  • 1g · Noncash contributions included above

    $105,649

  • 3 · Investment income

    total $1,083 · excluded $1,083

  • 7a · Gross sales of assets other than inventory

    securities $23,429

  • 7b · Less cost or other basis and sales expenses

    securities $22,941

  • 7c · Gain or loss

    securities $488

  • 7d · Net gain or loss

    total $488 · excluded $488

  • 10a · Gross sales of inventory

    $1,225

  • 10b · Cost of goods sold

    $412

  • 10c · Net income from sales of inventory

    total $813 · related or exempt $813

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $189,154 · program services $70,694 · management and general $62,733 · fundraising $55,727

  • 7 · Other salaries and wages

    total $381,642 · program services $231,057 · management and general $24,048 · fundraising $126,537

  • 8 · Pension plan contributions

    total $7,909 · program services $4,214 · management and general $926 · fundraising $2,769

  • 9 · Other employee benefits

    total $28,897 · program services $16,063 · management and general $3,433 · fundraising $9,401

  • 10 · Payroll taxes

    total $44,040 · program services $23,341 · management and general $6,606 · fundraising $14,093

  • 11b · Fees: legal

    total $34,952 · management and general $34,952

  • 11c · Fees: accounting

    total $33,000 · management and general $33,000

  • 11e · Fees: professional fundraising services

    total $17,125 · fundraising $17,125

  • 11g · Fees: other

    total $325,429 · program services $322,314 · management and general $994 · fundraising $2,121

  • 12 · Advertising and promotion

    total $139,047 · program services $139,047

  • 13 · Office expenses

    total $33,743 · program services $17,884 · management and general $5,062 · fundraising $10,797

  • 16 · Occupancy

    total $266,933 · program services $253,587 · management and general $6,673 · fundraising $6,673

  • 17 · Travel

    total $16,397 · program services $8,690 · management and general $2,460 · fundraising $5,247

  • 22 · Depreciation, depletion and amortization

    total $22,693 · program services $21,559 · management and general $567 · fundraising $567

  • 23 · Insurance

    total $7,163 · program services $3,797 · management and general $1,074 · fundraising $2,292

  • 24a · Other expenses: EXHIBITION COSTS

    total $114,941 · program services $114,941

  • 24b · Other expenses: CULTIVATION EVENTS

    total $84,961 · fundraising $84,961

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $8,674

  • 2 · Savings and temporary cash investments

    end of year $325,390

  • 3 · Pledges and grants receivable

    end of year $30,000

  • 8 · Inventories for sale or use

    end of year $9,787

  • 10a · Land, buildings and equipment: cost or other basis

    $585,266

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,693

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $562,573

  • 15 · Other assets

    beginning of year $0 · end of year $1,451,254

  • 17 · Accounts payable and accrued expenses

    end of year $65,966

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,461,962

  • 27 · Net assets without donor restrictions

    end of year $689,750

  • 28 · Net assets with donor restrictions

    end of year $170,000

Mission and programs · 2022

Mission

THE INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO (ICA SF), IS A BRAND NEW, FREE, NON-COLLECTING CONTEMPORARY ART MUSEUM DEDICATED TO EXPERIMENTING IN PUBLIC, OPERATING TRANSPARENTLY, AND EMBRACING CONSTANT REINVENTION IN THE REALM OF CONTEMPORARY ART. AS A NEW INSTITUTION, THE ICA SF HAS THE UNUSUAL OPPORTUNITY TO START FROM SCRATCH AND THUS AIMS TO LEAD RIGHT OUT OF THE GATE WITH SOME NECESSARY ART WORLD VALUES: PRIORITIZING INDIVIDUALS OVER INSTITUTIONS, AND MODELING EQUITY AND EXPANSION IN THE ARTISTIC CANON.

Activities or mission (Part I)

INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO (ICA SF) OFFICIALLY OPENED TO THE PUBLIC ON OCTOBER 1, 2022.

  • ICA SF OFFICIALLY OPENED TO THE PUBLIC ON OCTOBER 1, 2022. LEARNING FROM THE PROCESS OF THE YEAR OF STARTING UP, THE ICA SF WILL BE A MUSEUM THAT'S CONTINUOUSLY "UNDER CONSTRUCTION," RETAINING THE REQUISITE NIMBLENESS THAT COMES FROM THAT CONDITION. THROUGH EXHIBITIONS, PROGRAMMING, AND SOCIAL OPPORTUNITIES, THE ICA SF SEEKS TO BROADEN THE POSSIBILITIES FOR CIVIC AND CREATIVE ENGAGEMENT WITHIN THE REGION'S VIBRANT ECOSYSTEM AND TO ENABLE ARTISTS TO PUSH BOUNDARIES, EXPERIMENT WITH NEW IDEAS, AND TAKE RISKS.BEFORE THE MUSEUM OFFICIALLY OPENED, ICA SF PRESENTED A PROGRAM CALLED MEANTIME, TAKING PLACE JANUARY 22 - MAY 1, 2022 BETWEEN CONSTRUCTION PHASES. DURING THIS PERIOD THE ICA SF HOSTED A POP-UP INSTALLATION BY OAKLAND-BASED ARTIST CHRIS MARTIN, AND POP-UP PROGRAMS WITH 90 ARTISTS FROM AROUND THE BAY AREA. AFTER MEANTIME ENDED THE ICA SF COMPLETED CONSTRUCTION TO OPEN OCTOBER 1, 2022 WITH THE INAUGURAL EXHIBITION, JEFFREY GIBSON: THIS BURNING WORLD. IN 2022 THE ICA SF ALSO LAUNCHED A MEMBERSHIP PROGRAM, THE 901 CLUB, AS WELL AS THEIR POPULAR SERIES OF CHEF AND COFFEE POP UPS. ATTENDANCE REACHED NEARLY 10,000 VISITORS FOR THE 6 MONTH SPAN THEY WERE OPEN (REGULAR OPEN HOURS BEGAN IN OCTOBER, THE OPEN HOURS PRIOR WERE FOR SPECIAL PROGRAMS ONLY).

    Expenses $1,227,188

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ethan Beard

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alison Gass

    PRESIDENT, KREIGER FAMILY DIRECTOR

    Total calculated
    $159,220
    From this org
    $146,492
    From related orgs
    $0
    Other
    $12,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,492
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,728
    Filer's total
    $159,220

  • Catia Hagopian

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David Hornik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Hornik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kaitlyn Krieger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kanyo Maqubela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Rappaport

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Swig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Woznak

    CHIEF OPERATING & FINANCIAL OFFICER

    Total calculated
    $30,041
    From this org
    $26,486
    From related orgs
    $0
    Other
    $3,555
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349327798

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