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Nonprofiteer
← THE ALDRICH CONTEMPORARY ART MUSEUM INC

Form 990 for tax year 2022

Filed by THE ALDRICH CONTEMPORARY ART MUSEUM INC.

Totals

Total revenue
$2,291,044
Total expenses
$3,109,991
Contributions and grants received
$1,350,217
Grants paid
$0
Program service revenue
$134,506
Investment income
$847,284
Other revenue
-$40,963
Total assets, end of year
$37,962,086
Total liabilities, end of year
$10,335
Net assets or fund balances, end of year
$37,951,751
Program services expenses (Part IX)
$2,594,550
Management and general expenses
$257,961
Fundraising expenses
$257,480
Program service expenses (Part III)
$2,594,550

Program services were 83.4% 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

    $102,624

  • 1c · Fundraising events

    $364,738

  • 1e · Government grants (contributions)

    $260,145

  • 1f · All other contributions, gifts and grants

    $622,710

  • 1g · Noncash contributions included above

    $10,023

  • 2a · Program service revenue: ADMISSION

    total $56,490 · related or exempt $56,490

  • 2b · Program service revenue: ALDRICH EDITIONS AND OTHER REVENU

    total $41,369 · related or exempt $41,369

  • 2c · Program service revenue: PROGRAMS

    total $36,647 · related or exempt $36,647

  • 3 · Investment income

    total $1,101,426 · excluded $1,101,426

  • 7a · Gross sales of assets other than inventory

    securities $4,349,833

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

    securities $4,603,975

  • 7c · Gain or loss

    securities -$254,142

  • 7d · Net gain or loss

    total -$254,142 · excluded -$254,142

  • 8a · Fundraising events: gross income

    $142,726

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

    $364,738

  • 8b · Fundraising events: direct expenses

    $196,763

  • 8c · Net income from fundraising events

    total -$54,037 · excluded -$54,037

  • 11d · All other revenue

    total $13,074 · related or exempt $13,074

  • 11e · Other revenue, total

    $13,074

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $285,893 · program services $243,835 · management and general $11,013 · fundraising $31,045

  • 7 · Other salaries and wages

    total $1,058,346 · program services $902,650 · management and general $40,770 · fundraising $114,926

  • 8 · Pension plan contributions

    total $26,074 · program services $22,238 · management and general $1,004 · fundraising $2,832

  • 9 · Other employee benefits

    total $70,856 · program services $60,432 · management and general $2,730 · fundraising $7,694

  • 10 · Payroll taxes

    total $103,369 · program services $88,162 · management and general $3,982 · fundraising $11,225

  • 11f · Fees: investment management

    total $155,568 · management and general $155,568

  • 11g · Fees: other

    total $187,151 · program services $129,265 · management and general $13,610 · fundraising $44,276

  • 12 · Advertising and promotion

    total $169,918 · program services $169,918

  • 13 · Office expenses

    total $131,450 · program services $112,302 · management and general $9,253 · fundraising $9,895

  • 14 · Information technology

    total $4,031 · program services $3,511 · management and general $260 · fundraising $260

  • 16 · Occupancy

    total $256,666 · program services $225,402 · management and general $15,632 · fundraising $15,632

  • 17 · Travel

    total $6,262 · program services $5,010 · management and general $626 · fundraising $626

  • 22 · Depreciation, depletion and amortization

    total $222,193 · program services $222,193

  • 23 · Insurance

    total $33,696 · program services $26,670 · management and general $3,513 · fundraising $3,513

  • 24a · Other expenses: EXHIBITION COSTS

    total $299,595 · program services $299,595

  • 24b · Other expenses: EDUCATION PROGRAM

    total $70,283 · program services $70,283

  • 24c · Other expenses: INDIRECT EVENT EXPENSES

    total $15,556 · fundraising $15,556

  • 24e · All other expenses

    total $13,084 · program services $13,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $311,531 · end of year $321,487

  • 2 · Savings and temporary cash investments

    beginning of year $561,597 · end of year $449,964

  • 3 · Pledges and grants receivable

    beginning of year $177,056 · end of year $2,000

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

    $8,887,742

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

    $3,984,628

  • 10c · Land, buildings and equipment, net

    beginning of year $5,055,114 · end of year $4,903,114

  • 11 · Investments: publicly traded securities

    beginning of year $34,900,624 · end of year $28,052,771

  • 12 · Investments: other securities

    beginning of year $3,204,655 · end of year $4,215,983

  • 15 · Other assets

    beginning of year $20,767 · end of year $16,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,004 · end of year $335

  • 19 · Deferred revenue

    end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $43,786,189 · end of year $37,668,251

  • 28 · Net assets with donor restrictions

    beginning of year $444,151 · end of year $283,500

Mission and programs · 2022

Mission

THE ALDRICH CONTEMPORARY ART MUSEUM ADVANCES CREATIVE THINKING BY CONNECTING TODAYS ARTISTS WITH INDIVIDUALS AND COMMUNITIES IN UNEXPECTED AND STIMULATING WAYS.

Activities or mission (Part I)

TO PROVIDE A FULL RANGE OF CONTEMPORARY ART EXHIBITIONS AND ART EDUCATION PROGRAMS.

  • EXHIBITIONS:IN JANUARY 2022, THE ALDRICH OPENED THREE NEW EXHIBITIONS, ONE ALDRICH PROJECT, AND TWO MAIN STREET SCULPTURE PROJECTS: DUANE SLICK: THE COYOTE MAKES IT BETTER; MILANO CHOW: PRIMA FACIE; ALDRICH PROJECTS: AMARYLLIS DEJESUS MOLESKI, PORTAL PIECES; MELVIN EDWARDS: ASAFOKRA; AND DAVID SHAW: LAST STEPS. KARLA KNIGHT: NAVIGATOR, WHICH OPENED IN OCTOBER 2021, REMAINED ON VIEW THROUGH MAY 8, 2022. THIS EXHIBITION WAS KNIGHT'S INSTITUTIONAL SOLO DEBUT AND TOOK THE FORM OF A FOCUSED SURVEY, CHARTING THE DEVELOPMENT OF HER FAR-SEEING LANGUAGE OVER A FOUR-DECADE-LONG CAREER. IT WAS ACCOMPANIED BY THE ARTIST'S FIRST MUSEUM PUBLICATION, A 120-PAGE HARD-COVER BOOK, WHICH WAS RELEASED IN 2022.DUANE SLICK: THE COYOTE MAKES THE SUNSET BETTER WAS THE ARTIST'S FIRST SOLO MUSEUM EXHIBITION, AND IT BROUGHT TOGETHER OVER 90 PAINTINGS, PRINTS, PHOTOGRAPHS, AND VIDEO, ALL MADE WITHIN THE LAST FIVE YEARS. PRIMA FACIE MARKED MILANO CHOW'S SOLO INSTITUTIONAL DEBUT, AND SHE UNVEILED A NEW BODY OF WORKS ON PAPER SPANNING TWO AND THREE DIMENSIONS. AMARYLLIS DEJESUS MOLESKI: PORTAL PIECES WAS THE THIRD INSTALLMENT OF ALDRICH PROJECTS, A SINGLE ARTIST SERIES THAT FEATURES A SINGULAR WORK OR A FOCUSED BODY OF WORK BY AN ARTIST EVERY FOUR MONTHS ON THE MUSEUM'S CAMPUS. DEJESUS MOLESKI PRESENTED TWO LARGE-SCALE WORKS ON PAPER.ON JUNE 6, 2022, 52 ARTISTS: A FEMINIST MILESTONE OPENED AT THE MUSEUM. IT REMAINS ON VIEW THROUGH JANUARY 8, 2023. THIS AMBITIOUS EXHIBITION CELEBRATES THE FIFTY-FIRST ANNIVERSARY OF THE HISTORIC EXHIBITION TWENTY SIX CONTEMPORARY WOMEN ARTISTS CURATED BY TRAILBLAZER LUCY R. LIPPARD AND PRESENTED AT THE ALDRICH IN 1971. 52 ARTISTS SHOWCASES WORK BY THE ARTISTS INCLUDED IN THE ORIGINAL 1971 EXHIBITION, ALONGSIDE A NEW ROSTER OF TWENTY-SIX FEMALE IDENTIFYING OR NONBINARY EMERGING ARTISTS, TRACKING THE EVOLUTION OF FEMINIST ART PRACTICES OVER THE PAST FIVE DECADES. THE EXHIBITION ENCOMPASSES THE ENTIRETY OF THE MUSEUM AND ITS GROUNDS (WITH THREE MAJOR WORKS SITED OUTDOORS) -THE FIRST EXHIBITION TO DO SO IN THE ALDRICH'S NEW BUILDING WHICH WAS INAUGURATED IN 2004. THE EXHIBITION ALSO INCLUDED THE PRESENTATION OF TWO MAJOR PERFORMANCES: THE RECREATION OF ADRIAN PIPER'S WHISTLEBLOWER CATALYSIS FROM 1971 AND THE COMMISSIONING OF PHOEBE BERGLUND'S DANCE WORK, OCTOBER, 2022.TWO PUBLIC ARTWORKS WERE INSTALLED AS PART OF THE ONGOING MAIN STREET SCULPTURE SERIES. SINCE ITS FOUNDING IN 1964, THE ALDRICH HAS ACTIVATED ITS GROUNDS WITH PUBLIC SCULPTURE AND OUTDOOR INSTALLATIONS. ON APRIL 27, MELVIN EDWARDS' LARGE-SCALE SCULPTURE ASAFOKRA WAS INSTALLED AND REMAINED ON VIEW THROUGH SEPTEMBER 5. ASAFOKRA MARKS THE RETURN OF EDWARDS' WORK TO THE MUSEUM'S SCULPTURE GARDEN AFTER FIFTY YEARS. ON SEPTEMBER 9, DAVID SHAW'S OUTDOOR SCULPTURE LAST STEPS (2021-22) WAS INSTALLED, WHICH WILL BE UP THROUGH AUGUST 20, 2023. ALL THREE EXHIBITIONS THAT OPENED IN 2022 WERE ACCOMPANIED BY MUSEUM PUBLICATIONS. DUANE SLICK'S SHOW WAS ACCOMPANIED BY AN EIGHTY-PAGE CATALOGUE, THE FIRST MAJOR PUBLICATION OF HIS WORK. MILANO CHOW'S CATALOGUE WAS HER FIRST EVER MUSEUM PUBLICATION. THE 52 ARTISTS: A FEMINIST MILESTONE SHOW IS ACCOMPANIED BY A MAJOR BOOK, 180-PAGES, AND HARDCOVER, CO-PUBLISHED WITH GREGORY R. MILLER & CO. IT INCLUDED NEW ESSAYS BY THE CURATORS, AS WELL AS RARE HISTORICAL DOCUMENTATION OF THE ORIGINAL EXHIBITION, IMAGES, INSTALLATION VIEWS, AND CHECKLISTS FROM BOTH THE 1971 AND 2022 SHOWS. THE ALDRICH PROJECT: AMARYLLIS DEJESUS MOLESKI WAS ACCOMPANIED BY AN 8-PAGE FULL COLOR ZINE CREATED BY THE ARTIST.

    Expenses $1,037,820 · Revenue $56,490

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $934,038 · Revenue $36,647

  • MUSEUM OPERATIONS: EXHIBITION AND PUBLIC AND SCHOOL PROGRAMS REQUIRE A WELL-MAINTAINED, HIGH-FUNCTIONING FACILITY TO HOUSE THE EXHIBITIONS AND PROVIDE A PLACE FOR PROGRAMS. TO ACCOMPLISH THIS, FUNDS ARE USED FOR MAINTENANCE, SECURITY, CAPITAL PROJECTS, UTILITIES, DEPRECIATION, AND OPERATIONS STAFFING.

    Expenses $622,692 · Revenue $54,443

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Diana Bowes

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew J Pitts

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Linda M Dugan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Julie Phillips

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Claude K Amadeo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Diefenbach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gail Gluckman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachel Carr Goulding

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Joo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patricia Kemp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristina Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neil Marcus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amy Pal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rudy Shepherd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Streator

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cybele Maylone

    EXECUTIVE DIRECTOR

    Total calculated
    $205,532
    From this org
    $204,999
    From related orgs
    $0
    Other
    $533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,999
    Bonus
    $0
    Other
    $0
    Deferred
    $533
    Nontaxable benefits
    $0
    Filer's total
    $205,532

  • Jacqueline Duke

    DIRECTOR OF FINANCE AND AD

    Total calculated
    $81,371
    From this org
    $80,894
    From related orgs
    $0
    Other
    $477
    Hours/week
    40

  • Betty Weiner

    DRECTOR OF DEVELOPMENT

    Total calculated
    $129,460
    From this org
    $118,389
    From related orgs
    $0
    Other
    $11,071
    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 · 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
2 November 2023
IRS schema version
2022v5.0
Source object
202313129349302136

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