2016-05-06T08:42:08-05:00 2015-09-30 MARCUM LLP ONE SE THIRD AVENUE SUITE 1100 MIAMI FL 33131 990 2014-10-01 592085261 MUSEUM OF CONTEMPORARY ART INC % ALAN WAUFLE MUSE 3058936211 770 NE 125TH STREET NORTH MIAMI FL 33161 NATASHA COLEBROOK-WILLIAMS INTERIM DIRECTOR 3058936211 2016-04-27 true Donald Butler P00541422 3059959600 2014 2016-08-17 19:52:53Z IRMA BRAMAN 770 NE 125TH STREET NORTH MIAMI FL 33161 1271078 false X http://www.mocanomi.org/ X 1981 FL TO MAKE CONTEMPORARY ART ACCESSIBLE TO DIVERSE AUDIENCES-ESPECIALY UNDER-SERVED POPULATIONS BY EXPLORING THE ART OF OUR TIME AND ITS RELATIONSHIP TO A BROADER CULTURAL CONTEXT. 23 19 32 12 0 1733833 1133212 134448 65889 169471 47807 499694 20784 2537446 1267692 0 0 0 0 1011154 342806 0 0 80236 1951145 551468 2962299 894274 -424853 373418 1702023 1470151 638222 14428 1063801 1455723 X 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. false false 254537 20649 EXHIBITIONS 61445 43048 EDUCATIONAL PROGRAMS 72524 0 PUBLIC PROGRAMS 0 2192 PUBLICATIONS 0 2192 388506 true true false false false false false true false true true false false false false true true false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 21 0 true 32 true false false false false false true true false false false false X 23 19 true false false false false true false true true false false true true true true true false true true false FL X X ALAN WAUFLE 3058936211 770 NE 125TH STREET NORTH MIAMI FL 33161 JOHN GOLDBERG TREASURER 1.0 0.0 X X 0 0 0 MILCHO MILCHORENA SECRETARY 1.0 0.0 X X 0 0 0 NICK SWERDLOW VICE CHAIR 1.0 0.0 X X 0 0 0 RONALD BOOK TRUSTEE 1.0 0.0 X X 0 0 0 FREDERIC MARQ CHAIRMAN 1.0 0.0 X X 0 0 0 ADRIANA DE MOURA TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL DEZER TRUSTEE 1.0 0.0 X 0 0 0 ERNEST DIGERONIMO TRUSTEE 1.0 0.0 X 0 0 0 NIRVA DIGERONIMO TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH FANFAN TRUSTEE 1.0 0.0 X 0 0 0 BRIAN FLANAGAN TRUSTEE 1.0 0.0 X 0 0 0 RICHARD LEFRAK TRUSTEE 1.0 0.0 X 0 0 0 ROCHI LLANEZA TRUSTEE 1.0 0.0 X 0 0 0 ARIA MEHRABI TRUSTEE 1.0 0.0 X 0 0 0 OFER MIZRAHI TRUSTEE 1.0 0.0 X 0 0 0 RUDY MOISE TRUSTEE 1.0 0.0 X 0 0 0 MARILYN MORRISON PADILLA TRUSTEE 1.0 0.0 X 0 0 0 SEGUNDO PADILLA TRUSTEE 1.0 0.0 X 0 0 0 LARINUS PIERRE TRUSTEE 1.0 0.0 X 0 0 0 MARY ANN PORTELL TRUSTEE 1.0 0.0 X 0 0 0 CLARK REYNOLDS TRUSTEE 1.0 0.0 X 0 0 0 SAM ROBIN TRUSTEE 1.0 0.0 X 0 0 0 NELSON FOX TRUSTEE 1.0 0.0 X 0 0 0 0 false false false 0 17833 1067632 47747 787681 1133212 MUSEUM ADMISSIONS 20649 20649 FEES FOR EDUCATION 43048 43048 INCOME FORM PUBLICATIONS 2192 2192 65889 47807 47807 0 0 0 0 0 0 0 0 10062 3386 6676 OTHER INCOME 14108 14108 14108 1267692 79997 47807 0 0 0 0 0 0 311963 207313 33229 71421 0 1135 1135 29708 15685 8559 5464 0 151632 151632 24760 24760 0 0 0 69178 69178 9178 2800 6378 23236 13381 9855 3212 143 891 2178 0 130141 7734 122407 1455 1455 0 18398 9107 9291 0 0 12203 12203 19747 2930 16817 EXHIBIT FEES 18657 18657 PUBLICATIONS/COLLECTIONS 15523 3620 11903 EQUIPMENT RENTAL 14957 9322 5635 BANK/CREDIT CARD FEES 6444 42 6402 32747 27139 5570 38 894274 388506 425532 80236 50799 311123 0 0 0 0 16688 51822 0 0 0 0 0 0 0 26514 0 0 180369 164453 27600 15916 1606936 1064776 0 0 0 0 0 0 0 0 1702023 1470151 60401 14428 0 0 0 0 0 0 0 0 0 0 0 0 0 0 577821 0 638222 14428 X 162183 559461 569618 564262 332000 332000 1063801 1455723 1702023 1470151 X 373418 6683 11821 X false true X true false X 2013899 3531907 2181430 1733833 1133212 10594281 0 929307 1576090 1429118 1359977 1677131 6971623 2943206 5107997 3610548 3093810 2810343 17565904 0 17565904 222970 233263 244038 169471 47807 917549 0 182796 99295 289532 483533 0 1055156 19538609 844394 0.89904 0.89381 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 883579 200 47762 431027 500514 5932757 11062 296935 265750 5091425 883579 5996325 50000 155830 269398 5932757 5449017 638659 91351 5996325 5548639 -99622 5449017 0.33670 0.66330 false false 60988 53073 7915 112755 104754 8001 6626 6626 15916 0 DUE TO ICA 0 0 X 2962063 6683 1687688 1694371 1267692 1267692 2581962 1687688 1687688 894274 894274 DESCRIPTION OR ART COLLECTION 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 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. FIN 48 Management has analyzed the tax positions taken and has concluded that as of September 30, 2015, 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. ENDOWMENT In January 2015, three individuals revoked their grant from the Museum. The Museum recognized a loss of $430,627 due to these revocations, as well as a $400 administrative fee. these amounts were reflected on line 1f of the current year activity. X CNM - UTILITIES/INSURANCE/COMMUNICATION/COPIES 1 787481 COST X GOODS 1 200 COST false false false CONTRIBUTIONS OF ART THE FILING ORGANIZATION IS A MUSEUM AND ELECTS UNDER SAS 116 NOT TO CAPITALIZE ITS COLLECTION, THEREFORE, NO REVENUE IS REPORTED ON FORM 990, PART VIII, STATEMENT OF REVENUE, LINE 1G AS PERMITED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPALS. FORM 990, PART VI, SECTION B, LINE 11B - 990 GOVERNING BODY REVIEW A PDF COPY OF THE 990 IS GIVEN TO ALL BOARD MEMBERS AND AUDIT COMMITTEE FOR REVIEW AND COMMENTS BEFORE 990 IS FILED FORM 990, PART VI, SECTION C, LINE 19 - GOVERNING DOCUMENTS AVAILABILITY 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. FORM 990, PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY 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. FORM 990, PART VI, SECTION B, LINE 15B - COMPENSATION OF OFFICERS COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICALS, 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. FORM 990, PART VI, SECTION A, LINE 7A - APPOINT GOVERNING BODY THE CITY OF NORTH MIAMI BEACH HAS THE EXCLUSIVE RIGHT TO APPOINT MEMBERS TO THE ORGANIZATIONS BOARD OF TRUSTEES FORM 990, PART XI, LINE 8 - PRIOR PERIOD ADJUSTMENTS THE ORGANIZATION REINSTATED $11,821 OF INVENTORY AT SEPTEMBER 30, 2014 IN THE CURRENT YEAR THAT WAS INCORRECTLY WRITTEN OFF IN THE PRIOR YEAR. THE GIFT SHOP INVENTORY WAS BELIEVED TO HAVE BEEN TAKEN BY THE FORMER BOARD DURING THE REORGANIZATION. HOWEVER, THE INVENTORY WAS FOUND IN THE CURRENT YEAR IN AN OFFSITE STORAGE FACILITY. BEGINNING NET ASSETS, AS PREVIOUSLY REPORTED - $1,063,801 PRIOR PERIOD ADJUSTMENT - $11,821 BEGINNING NET ASSETS, AS RESTATED - $1,075,622 FORM 990, PART VI, SECTION A, LINE 2 - RELATED OFFICERS/TRUSTEES DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2015, FOUR TRUSTEES HAD THEIR INDEPENDENCE IMPAIRED VIA FAMILY RELATIONSHIP WITH ANOTHER TRUSTEE. SEGUNDO PADILLA & MARILYN MORRISON PADILLA ARE HUSBAND AND WIFE, AS WELL AS ERNEST DIGERONIMO & NIRVA DIGERONIMO. THESE ARE THE ONLY TRUSTEES THAT HAD THEIR INDEPENDENCE IMPAIRED DURING THE FISCAL YEAR.