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Nonprofiteer
← MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC

Form 990 for tax year 2023

Filed by MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC.

Totals

Total revenue
$18,328,954
Total expenses
$20,678,157
Contributions and grants received
$11,635,565
Grants paid
$207,000
Program service revenue
$3,833,638
Investment income
$597,463
Other revenue
$2,262,288
Total assets, end of year
$86,301,366
Total liabilities, end of year
$4,711,405
Net assets or fund balances, end of year
$81,589,961
Program services expenses (Part IX)
$16,388,852
Management and general expenses
$2,460,937
Fundraising expenses
$1,828,368
Program service expenses (Part III)
$16,388,852

Program services were 79.3% 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

    $850,490

  • 1c · Fundraising events

    $1,370,086

  • 1e · Government grants (contributions)

    $226,985

  • 1f · All other contributions, gifts and grants

    $9,188,004

  • 1g · Noncash contributions included above

    $272,437

  • 2a · Program service revenue: ADMISSIONS

    total $2,478,478 · related or exempt $2,478,478

  • 2b · Program service revenue: FESTIVAL EVENTS

    total $1,211,585 · related or exempt $1,211,585

  • 2c · Program service revenue: ARTIST WORKSHOPS

    total $122,444 · related or exempt $122,444

  • 2d · Program service revenue: EDUCATIONAL PROGRAM

    total $21,131 · related or exempt $21,131

  • 3 · Investment income

    total $518,044 · excluded $518,044

  • 5 · Royalties

    total $246 · excluded $246

  • 6a · Gross rents

    real property $1,954,195

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,954,195

  • 6d · Net rental income or loss

    total $1,954,195 · unrelated business $1,954,195

  • 7a · Gross sales of assets other than inventory

    securities $3,091,417

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

    securities $3,011,998

  • 7c · Gain or loss

    securities $79,419

  • 7d · Net gain or loss

    total $79,419 · excluded $79,419

  • 8a · Fundraising events: gross income

    $62,250

  • 8a · Fundraising events: contributions included on line 1c

    $1,370,086

  • 8b · Fundraising events: direct expenses

    $318,279

  • 8c · Net income from fundraising events

    total -$256,029 · excluded -$256,029

  • 10a · Gross sales of inventory

    $1,108,260

  • 10b · Cost of goods sold

    $594,885

  • 10c · Net income from sales of inventory

    total $513,375 · related or exempt $513,375

  • 11a · Other revenue: SECURITY SERVICE FEES

    total $20,330 · related or exempt $20,330

  • 11b · Other revenue: REIMBURSED EXPENSES

    total $12,214 · related or exempt $12,214

  • 11c · Other revenue: TENANT FIT-OUT

    total $9,088 · related or exempt $9,088

  • 11d · All other revenue

    total $8,869 · related or exempt $8,869

  • 11e · Other revenue, total

    $50,501

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199,000 · program services $199,000

  • 2 · Grants to domestic individuals

    total $8,000 · program services $8,000

  • 5 · Compensation of officers, directors and key employees

    total $706,661 · program services $511,771 · management and general $112,042 · fundraising $82,848

  • 7 · Other salaries and wages

    total $7,696,589 · program services $5,667,414 · management and general $1,105,190 · fundraising $923,985

  • 8 · Pension plan contributions

    total $109,995 · program services $66,626 · management and general $33,492 · fundraising $9,877

  • 9 · Other employee benefits

    total $869,569 · program services $526,712 · management and general $264,775 · fundraising $78,082

  • 10 · Payroll taxes

    total $700,713 · program services $528,832 · management and general $93,372 · fundraising $78,509

  • 11b · Fees: legal

    total $93,605 · management and general $93,605

  • 11c · Fees: accounting

    total $49,275 · management and general $49,275

  • 11f · Fees: investment management

    total $52,580 · management and general $52,580

  • 11g · Fees: other

    total $3,742,785 · program services $3,233,937 · management and general $238,226 · fundraising $270,622

  • 12 · Advertising and promotion

    total $173,170 · program services $153,140 · management and general $19,270 · fundraising $760

  • 13 · Office expenses

    total $456,077 · program services $361,676 · management and general $6,335 · fundraising $88,066

  • 14 · Information technology

    total $333,017 · program services $190,150 · management and general $85,220 · fundraising $57,647

  • 16 · Occupancy

    total $1,423,558 · program services $1,387,079 · management and general $15,601 · fundraising $20,878

  • 17 · Travel

    total $194,920 · program services $176,135 · management and general $6,882 · fundraising $11,903

  • 19 · Conferences, conventions and meetings

    total $40,164 · program services $5,069 · management and general $34,934 · fundraising $161

  • 20 · Interest

    total $101,193 · program services $1,151 · management and general $100,042

  • 22 · Depreciation, depletion and amortization

    total $1,542,420 · program services $1,519,284 · management and general $15,424 · fundraising $7,712

  • 23 · Insurance

    total $393,913 · program services $361,544 · management and general $32,369

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $825,602 · program services $729,099 · management and general $9,430 · fundraising $87,073

  • 24b · Other expenses: FURNITURE AND EQUIPMENT

    total $399,954 · program services $379,170 · management and general $7,781 · fundraising $13,003

  • 24c · Other expenses: LICENSE FEES AND MISC

    total $277,646 · program services $203,850 · management and general $41,447 · fundraising $32,349

  • 24d · Other expenses: CATERING, MEALS AND ENT

    total $267,499 · program services $177,214 · management and general $43,200 · fundraising $47,085

  • 24e · All other expenses

    total $20,252 · program services $1,999 · management and general $445 · fundraising $17,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,123 · end of year $285,533

  • 2 · Savings and temporary cash investments

    beginning of year $9,042,066 · end of year $6,573,063

  • 3 · Pledges and grants receivable

    beginning of year $4,445,393 · end of year $4,751,232

  • 4 · Accounts receivable

    beginning of year $284,695 · end of year $543,458

  • 8 · Inventories for sale or use

    beginning of year $514,735 · end of year $574,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $248,645 · end of year $156,574

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

    $48,661,939

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

    $10,343,726

  • 10c · Land, buildings and equipment, net

    beginning of year $38,934,314 · end of year $38,318,213

  • 11 · Investments: publicly traded securities

    beginning of year $29,816,639 · end of year $35,098,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,696,555 · end of year $2,450,744

  • 19 · Deferred revenue

    beginning of year $430,386 · end of year $371,876

  • 23 · Secured mortgages and notes payable

    beginning of year $1,974,474 · end of year $1,888,785

  • 27 · Net assets without donor restrictions

    beginning of year $39,325,207 · end of year $44,890,481

  • 28 · Net assets with donor restrictions

    beginning of year $39,065,988 · end of year $36,699,480

Mission and programs · 2023

Mission

MASS MOCA'S MISSION IS TO FOSTER AND PRESENT VISUAL AND PERFORMING ARTS AND RELATED EDUCATIONAL PROGRAMS FOR THE BENEFIT OF THE PUBLIC.

Activities or mission (Part I)

CREATION AND OPERATION OF WORLD CLASS CONTEMPORARY ART MUSEUM AND SECURING RELATED FUNDING.

  • BUILDING AND GROUNDS - FACILITIES OPERATIONS AND MAINTENANCE OF THE ENTIRE MASS MOCA CAMPUS. THE COST OF REALTY OPERATIONS ALLOCABLE TO OTHER PROGRAM SERVICES, SUPPORTING SERVICES, AND AUXILIARY ACTIVITIES HAS NOT BEEN DETERMINED.

    Expenses $4,123,453 · Revenue $63

  • VISUAL ARTS MASS MOCA EXHIBITS - TEMPORARY LARGE SCALE INSTALLATIONS AND EXHIBITIONS

    Expenses $4,845,852 · Revenue $1,724,972

  • PERFORMING ARTS - MASS MOCA STAGES MULTIPLE PERFORMANCES OF MUSIC, DANCE, THEATER, FILMS AND DOCUMENTARIES

    Expenses $3,105,360 · Revenue $231,335

  • FESTIVALS-MASS MOCA HOLDS VARIOUS FESTIVALS ON ITS CAMPUS THROUGHOUT THE YEAR

    Expenses $1,694,974 · Revenue $1,877,268

  • REAL ESTATE-ECONOMIC AND COMMERCIAL DEVELOPMENT - MASS MOCA LEASES A PORTION OF ITS BUILDINGS TO COMMERCIAL TENANTS TO GENERATE JOBS AND ENCOURAGE ECONOMIC REDEVELOPMENT

    Expenses $1,077,003 · Revenue $32,544

  • RETAIL - RETAIL SALES OPERATIONS OF MERCHANDISE RELATED TO CONTEMPORARY ART AND MASS MOCA PROGRAMS

    Expenses $1,064,088 · Revenue $513,375

  • SPECIAL PROJECTS-VARYING PROJECTS RELATED TO TOURISM, ECONOMIC DEVELOPMENT, TENANT FIT OUT, AND COMMUNITY AND YOUTH SERVICES.

    Expenses $478,122 · Grants $207,000 · Revenue $17,957

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan L Beller

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anders U Schroeder

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Weinberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anouk Dey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Lamb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Svenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claude Grunitzky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Easton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Wahab

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerry Pasciucco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenn Kaino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory M Avis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hans Ulrich Obrist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold Koda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James F Birge PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Deason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Gardiner

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julia Bowen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Hazlett Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Kaiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keris Salmon

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leo Quigley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Libby Wadsworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mariko Silver

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mark Simonian

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Maud S Mandel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meleko Mokgosi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Cave

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Olivier Meslay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott M Hand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheree Stomberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Jenks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William D Cohan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amelia Wachur

    DIRECTOR OF FINANCE

    Total calculated
    $130,602
    From this org
    $102,608
    From related orgs
    $0
    Other
    $27,994
    Hours/week
    40

  • John Derosa

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Kristy Edmunds

    DIRECTOR OF MMOCA

    Total calculated
    $367,353
    From this org
    $347,226
    From related orgs
    $0
    Other
    $20,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,226
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $10,227
    Filer's total
    $367,353

  • Tracy Moore

    DEPUTY DIRECTOR

    Total calculated
    $205,456
    From this org
    $176,959
    From related orgs
    $0
    Other
    $28,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,959
    Bonus
    $0
    Other
    $0
    Deferred
    $5,550
    Nontaxable benefits
    $22,947
    Filer's total
    $205,456

  • Denise Markonish

    CHIEF CURATOR

    Total calculated
    $129,325
    From this org
    $118,634
    From related orgs
    $0
    Other
    $10,691
    Hours/week
    40

  • Ellen Beck

    HEAD OF INDIVIDUAL GIVING

    Total calculated
    $178,228
    From this org
    $154,458
    From related orgs
    $0
    Other
    $23,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,458
    Bonus
    $0
    Other
    $0
    Deferred
    $3,323
    Nontaxable benefits
    $20,447
    Filer's total
    $178,228

  • Lisa Dent

    DIRECTOR OF PUBLIC PROGRAMS

    Total calculated
    $125,988
    From this org
    $117,312
    From related orgs
    $0
    Other
    $8,676
    Hours/week
    40

  • Paige Bartels

    SENIOR ADVISOR AND SECRETARY TO THE BOARD

    Total calculated
    $163,600
    From this org
    $160,000
    From related orgs
    $0
    Other
    $3,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,600
    Nontaxable benefits
    $0
    Filer's total
    $163,600

  • Victoria Frey

    DIRECTOR OF PEOPLE AND CULTURE

    Total calculated
    $132,101
    From this org
    $129,161
    From related orgs
    $0
    Other
    $2,940
    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 · Compensation committee
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202522259349300107

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