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Nonprofiteer
← THE ALDRICH CONTEMPORARY ART MUSEUM INC

Form 990 for tax year 2024

Filed by THE ALDRICH CONTEMPORARY ART MUSEUM INC.

Totals

Total revenue
$5,539,362
Total expenses
$3,471,864
Contributions and grants received
$3,461,615
Grants paid
$0
Program service revenue
$152,199
Investment income
$1,954,256
Other revenue
-$28,708
Total assets, end of year
$47,397,949
Total liabilities, end of year
$10,884
Net assets or fund balances, end of year
$47,387,065
Program services expenses (Part IX)
$2,899,225
Management and general expenses
$316,458
Fundraising expenses
$256,181
Program service expenses (Part III)
$2,899,225

Program services were 83.5% 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

    $108,555

  • 1c · Fundraising events

    $467,440

  • 1e · Government grants (contributions)

    $1,025,322

  • 1f · All other contributions, gifts and grants

    $1,860,298

  • 1g · Noncash contributions included above

    $345,339

  • 2a · Program service revenue: PROGRAMS

    total $56,103 · related or exempt $56,103

  • 2b · Program service revenue: ADMISSION

    total $52,237 · related or exempt $52,237

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

    total $43,859 · related or exempt $43,859

  • 3 · Investment income

    total $984,913 · unrelated business $3,773 · excluded $981,140

  • 6a · Gross rents

    real property $15,781

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,781

  • 6d · Net rental income or loss

    total $15,781 · excluded $15,781

  • 7a · Gross sales of assets other than inventory

    securities $9,378,121

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

    securities $8,408,778

  • 7c · Gain or loss

    securities $969,343

  • 7d · Net gain or loss

    total $969,343 · excluded $969,343

  • 8a · Fundraising events: gross income

    $166,259

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

    $467,440

  • 8b · Fundraising events: direct expenses

    $240,748

  • 8c · Net income from fundraising events

    total -$74,489 · excluded -$74,489

  • 11a · Other revenue: TRAVEL SHOW REVENUE

    total $30,000 · related or exempt $30,000

  • 11e · Other revenue, total

    $30,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $329,853 · program services $197,913 · management and general $65,970 · fundraising $65,970

  • 7 · Other salaries and wages

    total $1,156,020 · program services $1,081,474 · management and general $464 · fundraising $74,082

  • 8 · Pension plan contributions

    total $30,149 · program services $25,494 · management and general $1,476 · fundraising $3,179

  • 9 · Other employee benefits

    total $122,705 · program services $105,952 · management and general $5,309 · fundraising $11,444

  • 10 · Payroll taxes

    total $110,170 · program services $94,880 · management and general $4,914 · fundraising $10,376

  • 11c · Fees: accounting

    total $26,501 · management and general $26,501

  • 11f · Fees: investment management

    total $166,298 · management and general $166,298

  • 11g · Fees: other

    total $14,428 · program services $10,187 · management and general $1,274 · fundraising $2,967

  • 12 · Advertising and promotion

    total $167,940 · program services $167,940

  • 13 · Office expenses

    total $159,588 · program services $134,145 · management and general $12,361 · fundraising $13,082

  • 16 · Occupancy

    total $421,592 · program services $366,706 · management and general $27,443 · fundraising $27,443

  • 17 · Travel

    total $6,713 · program services $5,371 · management and general $671 · fundraising $671

  • 22 · Depreciation, depletion and amortization

    total $218,759 · program services $218,759

  • 23 · Insurance

    total $37,767 · program services $30,213 · management and general $3,777 · fundraising $3,777

  • 24a · Other expenses: EXHIBITION COSTS

    total $356,879 · program services $356,879

  • 24b · Other expenses: EDUCATION PROGRAM

    total $89,947 · program services $89,947

  • 24c · Other expenses: GIFT SHOP EXPENSE

    total $9,123 · program services $9,123

  • 24e · All other expenses

    total $47,432 · program services $4,242 · fundraising $43,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $337,543 · end of year $250,333

  • 3 · Pledges and grants receivable

    beginning of year $1,289,828 · end of year $1,208,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $38,482

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

    $11,354,915

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

    $4,413,140

  • 10c · Land, buildings and equipment, net

    beginning of year $4,908,995 · end of year $6,941,775

  • 11 · Investments: publicly traded securities

    beginning of year $31,267,630 · end of year $32,621,847

  • 12 · Investments: other securities

    beginning of year $4,942,754 · end of year $6,323,903

  • 14 · Intangible assets

    beginning of year $6,667 · end of year $6,667

  • 15 · Other assets

    beginning of year $6,100 · end of year $6,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,094 · end of year $421

  • 19 · Deferred revenue

    beginning of year $0 · end of year $10,463

  • 27 · Net assets without donor restrictions

    beginning of year $40,497,268 · end of year $45,973,718

  • 28 · Net assets with donor restrictions

    beginning of year $2,252,550 · end of year $1,413,347

Mission and programs · 2024

Mission

THE ALDRICH CONTEMPORARY ART MUSEUM SERVES AS A LEADING INCUBATOR FOR ARTISTS AT CRITICAL CREATIVE JUNCTURES, PROVIDING A COLLABORATIVE PLATFORM THAT ENGAGES AND INSPIRES.

Activities or mission (Part I)

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

  • EXHIBITIONS:IN 2024, THE ALDRICH OPENED SIX NEW EXHIBITIONS, THREE ALDRICH PROJECTS, ONE MAIN STREET SCULPTURE PROJECT, AS WELL AS UNVEILED A NEWLY DESIGNED SCULPTURE GARDEN BY THE LANDSCAPE ARCHITECTURE FIRM STIMSON.IN JANUARY, WE OPENED OUR FIRST ALDRICH PROJECT: AMANDA MARTINEZ | CANTA Y NO LLORES. IT FEATURED A SERIES OF WALL RELIEFS AND FREESTANDING SCULPTURES, ALL SITED IN THE MUSEUM'S LEIR ATRIUM. IT WAS ON VIEW JANUARY 10 TO MAY 5, 2024. ALSO, IN JANUARY, WE OPENED LOIE HOLLOWELL: SPACE BETWEEN, A SURVEY OF TEN YEARS, THE ARTIST'S FIRST MUSEUM SURVEY AND FIRST MUSEUM PRESENTATION ON THE EAST COAST. IT WAS ON VIEW JANUARY 21 TO AUGUST 11, 2024, AND THEN TRAVELED TO THE INSTITUTE OF CONTEMPORARY ART AT VIRGINIA COMMONWEALTH UNIVERSITY, WHERE IT OPENED ON SEPTEMBER 6, 2024, AND REMAINS ON VIEW THROUGH MARCH 9, 2025.IN APRIL, WE OPENED TWO FIRST SOLO MUSEUM DEBUTS: LAYO BRIGHT: DAWN AND DUSK AND ELIZABETH ENGLANDER: EMINEM BUDDHISM, VOLUME 3. BOTH SHOWS FEATURED NEW AND BORROWED WORKS AND WERE ON VIEW APRIL 7 TO OCTOBER 27, 2024.IN MAY, WE INSTALLED THE SECOND ALDRICH PROJECT: ESTHER RUIZ: UNCHARTED IN THE MUSEUM'S LEIR ATRIUM. IT DEBUTED NEW SCULPTURES AND A RECENT WORK AND WAS ON VIEW MAY 8 TO SEPTEMBER 2, 2024.IN AUGUST 2024, WE PRESENTED A SEQUENCE OF THREE SOLO PRESENTATIONS OF VIDEO ART BY ARTISTS EVA RICHARDSON MCCREA, WINNIE TRUONG, AND MAYA JEFFEREIS. THE ALDRICH VIDEO SERIES WAS ON VIEW FROM AUGUST 19 TO OCTOBER 20, 2024.IN SEPTEMBER, WE OPENED THE THIRD ALDRICH PROJECT: MILES HUSTON | OVERSHOOT. HUSTON PRESENTED WORKS FROM HIS OVERSHOOT SERIES IN THE LEIR ATRIUM. IT WAS ON VIEW SEPTEMBER 4, 2024 TO JANUARY 5, 2025. IN NOVEMBER, WE OPENED TWO MAJOR EXHIBITIONS: MARTHA DIAMOND: DEEP TIME AND A GARDEN OF PROMISE AND DISSENT AS WELL AS THE MAIN STREET SCULPTURE PROJECT, MOKO FUKUYAMA: MENAGERIE. MARTHA DIAMOND: DEEP TIME IS THE ARTIST'S FIRST MAJOR TRAVELING MUSEUM SURVEY. IT WAS CO-ORGANIZED WITH THE COLBY COLLEGE MUSEUM OF ART AND IS ON VIEW NOVEMBER 17, 2024 TO MAY 18, 2025. A GARDEN OF PROMISE AND DISSENT INAUGURATES THE ALDRICH'S NEWLY RENOVATED CAMPUS AND SCULPTURE GARDEN. THIS INTERGENERATIONAL GROUP EXHIBITION OF TWENTY-ONE ARTISTS SPANS THE MUSEUM'S FIRST FLOOR GALLERIES (ON VIEW: OCTOBER 31, 2024 TO MARCH 16, 2025) AND GROUNDS (ON VIEW: NOVEMBER 17, 2024 TO NOVEMBER 2025). MOKO FUKUYAMA: MENAGERIE DEBUTS A NEW OUTDOOR SCULPTURE SPECIALLY MADE FOR THE ALDRICH. IT IS ON VIEW NOVEMBER 17, 2024 TO OCTOBER 19, 2025.FIVE EXHIBITIONS AND THREE ALDRICH PROJECTS ARE ACCOMPANIED BY MUSEUM PUBLICATIONS. FOR THE THREE ALDRICH PROJECTS, WE PUBLISHED 'ZINES. FOR LOIE HOLLOWELL: SPACE BETWEEN, A SURVEY OF TEN YEARS WE PUBLISHED THE ARTIST'S FIRST MONOGRAPH, A HARDCOVER BOOK, 96 PAGES, CO-PUBLISHED BY THE ALDRICH AND GREGORY R. MILLER & CO. FOR LAYO BRIGHT: DAWN AND DUSK AND ELIZABETH ENGLANDER: EMINEM BUDDHISM, VOLUME 3 WE PUBLISHED 34-PAGE, SOFT COVER BOOKS. FOR MARTHA DIAMOND: DEEP TIME WE PUBLISHED THE ARTIST'S FIRST HARDBOUND BOOK, 192 PAGES, AND CO-PUBLISHED WITH THE ALDRICH, COLBY COLLEGE MUSEUM OF ART, AND DELMONICO BOOKS. FOR A GARDEN OF PROMISE AND DISSENT WE WILL BE PUBLISHING A 64-PAGE CATALOGUE.

    Expenses $1,079,725 · Revenue $82,237

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

    Expenses $1,102,927 · Revenue $56,103

  • 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. THE ALDRICH COMPLETED A MAJOR CAPITAL PROJECT IN 2024 - THE REDEVELOPMENT OF THE CAMPUS AND SCULPTURE GARDEN. THE GREATLY IMPROVED OUTDOOR AREA PROVIDES ADDITIONAL OPPORTUNITY FOR OUTDOOR EXHIBITIONS AND A BEAUTIFUL COMMUNITY SPACE THAT IS OPEN TO THE PUBLIC.

    Expenses $716,573 · Revenue $43,859

As filed on the 2024 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

  • Amy Pal

    TRUSTEE

    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

  • Kathryn Streator

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristina Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Joo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neil Marcus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patricia Kemp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachel Carr Goulding

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rudy Shepherd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Melinda Carroll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachel Sondheimer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cybele Maylone

    EXECUTIVE DIRECTOR

    Total calculated
    $225,527
    From this org
    $225,000
    From related orgs
    $0
    Other
    $527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $527
    Filer's total
    $225,527

  • Gina Mello

    DIRECTOR OF FINANCE AND ADMIN.

    Total calculated
    $104,327
    From this org
    $103,800
    From related orgs
    $0
    Other
    $527
    Hours/week
    40

  • Amy Smith-Stewart

    CHIEF CURATOR

    Total calculated
    $116,827
    From this org
    $116,300
    From related orgs
    $0
    Other
    $527
    Hours/week
    40

  • Kris Honeycutt

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $112,027
    From this org
    $111,500
    From related orgs
    $0
    Other
    $527
    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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349308200

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