2024-11-07T15:28:39-06:00 2023-12-31 742900215 MAXWELL LOCKE & RITTER LLP 401 CONGRESS AVENUE SUITE 1100 AUSTIN TX 787019682 990 2023-01-01 741233816 THE CONTEMPORARY AUSTIN MUSEUM INC CONT 5124588191 3809 WEST 35TH STREET 100 AUSTIN TX 78703 SHARON MAIDENBERG EXECUTIVE DIRECTOR 5124588191 2024-11-07 1 1 SEAN HOLCOMB P01249221 5123703200 2024-11-07 2023 2024-10-15 13:58:12Z WILSON ALLEN 3809 WEST 35TH STREET 100 AUSTIN TX 78703 7086544 0 X WWW.THECONTEMPORARYAUSTIN.ORG X 1961 TX THE CONTEMPORARY AUSTIN REFLECTS THE SPECTRUM OF CONTEMPORARY ART THROUGH EXHIBITIONS, COMMISSIONS, EDUCATION, AND THE COLLECTION. 33 33 105 200 0 0 5040362 3788739 2331891 2280100 -57047 18265 463195 651329 7778401 6738433 1598790 0 0 0 4168712 4631708 0 12500 1170765 4783035 4620602 10550537 9264810 -2772136 -2526377 21145770 40000553 1103267 1186549 20042503 38814004 X THE CONTEMPORARY AUSTIN ASPIRES TO BE THE CONTEMPORARY ART MUSEUM FOR AUSTIN AND AN ESSENTIAL PART OF CITY LIFE. THROUGH ITS UNIQUE COMBINATION OF URBAN AND OUTDOOR SITES, THE CONTEMPORARY AUSTIN WILL EMBODY AN ECLECTIC AND COLLABORATIVE SPIRIT. 0 0 1945646 627731 AS AUSTIN'S ONLY MUSEUM DEDICATED TO COMMISSIONING AND EXHIBITING WORK BY LEADING CONTEMPORARY ARTISTS, THE CONTEMPORARY AUSTIN OCCUPIES AN IMPORTANT POSITION IN THE REGION'S CULTURAL LANDSCAPE. EACH YEAR, THE CONTEMPORARY AUSTIN WELCOMES 60,000 VISITORS TO THE MUSEUM'S TWO UNIQUE SITES-LAGUNA GLORIA ON THE SHORES OF LAKE AUSTIN AND THE JONES CENTER IN DOWNTOWN AUSTIN. THE CONTEMPORARY AUSTIN IS CURRENTLY DESIGNING A MASTER PLAN FOR THE DEVELOPMENT OF THE BETTY AND EDWARD MARCUS SCULPTURE PARK AT LAGUNA GLORIA, A SPACE FOR THE PUBLIC TO EXPERIENCE EXCEPTIONAL WORKS OF ART FRAMED BY THE VIBRANT TEXAS LANDSCAPE AND THE SITE'S DISTINCTIVE CULTURAL HERITAGE.THE CONTEMPORARY AUSTIN'S CORE PROGRAMS INCLUDE AN ANNUAL ROSTER OF EXHIBITIONS FEATURING NEW, SITE-RESPONSIVE WORK BY TODAY'S MOST INNOVATIVE AND AMBITIOUS ARTISTS. RECENT EXHIBITIONS HAVE FEATURED INTERNATIONALLY ACCLAIMED ARTISTS AI WEIWEI, DO HO SUH, JIM HODGES, WANGECHI MUTU, TOM FRIEDMAN, TOM SACHS, ROBERT THIERRIEN, MONIKA SOSNOWSKA, ROGER HIORNS, NANCY HOLT, BRUCE NAUMAN, ANYA GALLACIO,SUPERFLEX, RYAN GANDER, CAROL BOVE AND TRISHA BAGA ATTRACTING COVERAGE IN NATIONAL AND INTERNATIONAL PUBLICATIONS SUCH AS ARTFORUM, THE NEW YORK TIMES, AND THE WALL STREET JOURNAL. 1016700 1515306 OFFERING MORE THAN 500 CLASSES TO 4,700 STUDENTS ANNUALLY, THE ART SCHOOL AT LAGUNA GLORIA IS ONE OF THE NATION'S LARGEST MUSEUM-AFFILIATED ART SCHOOLS. FOR MORE THAN FIFTY YEARS, THE ART SCHOOL HAS ENABLED STUDENTS TO EXPAND THEIR CREATIVITY, ENHANCE VISUAL AWARENESS, AND CULTIVATE TECHNICAL SKILLS IN A WIDE VARIETY OF MEDIA. DISTINGUISHED FACULTY PROVIDE INSTRUCTION IN PAINTING, DRAWING, CERAMICS, PHOTOGRAPHY, COLLAGE, AND SCULPTURE TO STUDENTS RANGING IN AGES FOUR THROUGH ADULT. SINCE 1980, THE ART SCHOOL HAS AWARDED MORE THAN $425,000 IN SCHOLARSHIPS TO STUDENTS IN NEED OF FINANCIAL ASSISTANCE. 336917 212649 MISSION TO INTEGRATE CONTEMPORARY ART INTO THE FABRIC OF CITY LIFE. DELIBERATELY DIVERSE IN SCOPE AND CONTENT, PUBLIC PROGRAMMING INCLUDES ARTIST'S TALKS, FILM SCREENINGS, AND MUSICAL PERFORMANCES THAT ACTIVATE THE EXHIBITIONS ON VIEW. THE CONTEMPORARY AUSTIN ALSO SERVES AS AN INVALUABLE RESOURCE FOR ART EDUCATION IN THE CENTRAL TEXAS REGION THROUGH TOURS, FAMILY PROGRAMS, AND SCHOOL PARTNERSHIPS. EACH YEAR, MORE THAN 10,000 CHILDREN IN GRADES K-12 PARTICIPATE IN DOCENT-LED TOURS, AND MORE THAN 6,000 COMMUNITY MEMBERS ATTEND FREE FAMILY DAYS AT THE MUSEUM. THE CONTEMPORARY AUSTIN ACTIVELY COLLABORATES WITH NUMEROUS COMMUNITY PARTNERS INCLUDING, THE AUSTIN FILM SOCIETY, DEPARTMENT OF ART AND ART HISTORY AT THE UNIVERSITY OF TEXAS AT AUSTIN, FUSEBOX FESTIVAL, TEXAS BOOK FESTIVAL, AND TITLE I SCHOOLS IN THE AUSTIN AREA. 782934 782934 4082197 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 224 0 1 105 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JULIE MERRY 5124588191 3809 WEST 35TH STREET STE 100 AUSTIN TX 78703 ALEXANDER BIRCHLER SECRETARY 1.00 X X 0 0 0 ANNETTE CARLOZZI TRUSTEE 1.00 X 0 0 0 BETTINA BARROW TRUSTEE 1.00 X 0 0 0 CARLA PINEYRO SUBLETT TRUSTEE 1.00 X 0 0 0 CARRIE HICKS TRUSTEE 1.00 X 0 0 0 CHARLES ATTAL TRUSTEE 1.00 X 0 0 0 CHRIS MATTSSON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER KLEIMAN TRUSTEE 1.00 X 0 0 0 CRISTA BAILEY TRUSTEE 1.00 X 0 0 0 DANNY HAMILTON TRUSTEE 1.00 1.00 X 0 0 0 DANTE CLEMONS TRUSTEE 1.00 X 0 0 0 DEBORAH DUPRE PRESIDENT 1.00 X X 0 0 0 DEBORAH GREEN TRUSTEE 1.00 X 0 0 0 ELIZABETH STANLEY TRUSTEE 1.00 X 0 0 0 FREDERICKA MIDDLETON TRUSTEE 1.00 X 0 0 0 JANETTE KEATING TRUSTEE 1.00 X 0 0 0 JANICE OMADEKE TRUSTEE 1.00 X 0 0 0 JEANNE KLEIN TRUSTEE 1.00 X 0 0 0 KATHLEEN LOUGHLIN TRUSTEE 1.00 X 0 0 0 KELLEY COOPER MCCLURE TRUSTEE 1.00 X 0 0 0 KRISTIN GISH TRUSTEE 1.00 X 0 0 0 MALU ALVAREZ TRUSTEE 1.00 X 0 0 0 MATTY WISHNOW TRUSTEE 1.00 X 0 0 0 RACHEL ARNOLD TREASURER 1.00 X X 0 0 0 ROBERT GAUNTT TRUSTEE 1.00 1.00 X 0 0 0 RYANN RANGEL TRUSTEE 1.00 X 0 0 0 SERGIO ALCOCER TRUSTEE 1.00 X 0 0 0 SUZANNE DEAL BOOTH TRUSTEE 1.00 X 0 0 0 TERESA WINDHAM TRUSTEE 1.00 X 0 0 0 TODD RUNKLE TRUSTEE 1.00 X 0 0 0 VALERIE ARMSTRONG VICE PRESIDENT 1.00 X X 0 0 0 VIKI CHUPIK TRUSTEE 1.00 X 0 0 0 ZARMEENA VENDAL TRUSTEE 1.00 X 0 0 0 SHARON MAIDENBERG EXECUTIVE DIRECTOR 40.00 X 254959 0 41932 ALEXANDRA KLEIN HEAD CURATOR/DIR CURATORIAL AFFAIRS 40.00 X 135421 0 17045 390380 0 58977 2 0 1 0 VINSON & ELKINS PO BOX 301019 DALLAS TX 753031019 LEGAL SERVICES 269297 BLUE HOUSE DESIGNS 2614 SOUTH SECOND STREET AUSTIN TX 78704 A/V SERVICES FOR EVENTS 220391 ABR CONSULTING 19032 MT SHASTA DR BEND OR 97703 INTERIM CFO SERVICES 168107 3 325568 653750 902226 26299 1880896 65499 3788739 MUSEUM SCHOOL TUITION 611600 1439720 1439720 FACILITY RENTAL 531120 627731 627731 ADMISSIONS INCOME 713990 212649 212649 2280100 8707 8707 28089 18531 9558 9558 9558 847275 653750 271532 575743 575743 101747 58048 43699 43699 OTHER INCOME 900099 31887 31887 31887 6738433 2355686 0 594008 X 449356 173253 238155 37948 3454137 1331772 1830663 291702 37051 13518 20923 2610 407400 148640 230061 28699 283764 103531 160243 19990 23251 10321 8890 4040 12500 12500 1652743 714614 574752 363377 241322 99152 41783 100387 264977 28952 231730 4295 467031 50436 409225 7370 208183 87138 99094 21951 654676 547456 53374 53846 130837 37794 82975 10068 INSTALLATION COSTS 346286 320628 6425 19233 ARTIST HONORARIUMS 321987 176842 145145 CREDIT CARD FEES 149215 102590 4401 42224 ART SUPPLIES & ACQUISIT 129964 126856 46 3062 30130 8704 19108 2318 9264810 4082197 4011848 1170765 2408774 1739393 804297 0 1907438 1512219 77737 77073 192231 234269 21330594 6713101 15164327 14617493 590966 21820106 21145770 40000553 480540 560780 622727 625769 1103267 1186549 X 16080259 28138365 3962244 10675639 20042503 38814004 21145770 40000553 X -2526377 30487 21267391 X X 0 1 X 1 0 X 3763483 3671386 4839956 5040362 3788739 21103926 3763483 3671386 4839956 5040362 3788739 21103926 1101852 20002074 150041 62989 32572 7872 8707 262181 36930 35454 56641 46703 31887 207615 21573722 18039276 0.92710 0.78200 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BALANCE OF ENDOWMENT FUND TRANSFERRED UPON MERGER DATE: 12/07/23 AMOUNT: 21267391. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 19054776 3114841 902226 21267391 21938529 1598790 -3594526 888017 19054776 20546213 2302449 910133 21938529 19107791 2399742 961320 20546213 16798025 250000 2955347 895581 19107791 0.68500 0.28602 0.02898 0 0 90000 90000 20877376 6475445 14401931 325718 200156 125562 37500 37500 0 14617493 PART III, LINE 1A: THE ART COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. PURCHASES OF ART COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED ART COLLECTION ITEMS ARE NOT REFLECTED ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE MUSEUM HAS A PERMANENT ART COLLECTION OF 20TH CENTURY AND CONTEMPORARY ARTWORK CONSISTING OF SCULPTURES, WHICH HAS BEEN APPRAISED AT APPROXIMATELY $11,362,000 AS OF DECEMBER 31, 2023 AND 2022. THE MUSEUM PURCHASED ART COLLECTION ITEMS TOTALING $62,000 DURING THE YEAR ENDED DECEMBER 31, 2022. PART III, LINE 4: THE MUSEUM HAS A SMALL PERMANENT ART COLLECTION OF 20TH CENTURY AND CONTEMPORARY ARTWORKS CONSISTING OF PRINTS, PHOTOGRAPHS, PAINTINGS, DRAWINGS, SCULPTURES, AND OTHER OBJECTS. THROUGH THE COLLECTION, THE MUSEUM IS ABLE TO FURTHER AWARENESS, UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS BY PROVIDING EXHIBITIONS, SPECIAL EVENTS, AND EDUCATIONAL PROGRAMS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO EXCLUSIVELY SUPPORT THE CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES OF THE CONTEMPORARY AUSTIN MUSEUM, INC. SUCH OPERATIONS ARE PROVIDED BY RECEIVING, INVESTING AND MANAGING CONTRIBUTIONS RECEIVED BY THE ENDOWMENT FUND. 0 LYDIA FENET 41 WARREN STREET APT 5 NEW YORK NY 10007 DEVELOPMENT OFFICER 0 538504 12500 526004 538504 12500 526004 FUNDRAISING EVENTS 1501025 653750 847275 70863 35065 165604 1501025 653750 847275 70863 35065 165604 271532 575743 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SHARON MAIDENBERG EXECUTIVE DIRECTOR 254959 0 0 0 0 0 19841 0 22091 0 296891 0 0 0 ALEXANDRA KLEIN HEAD CURATOR/DIR CURATORIAL AFFAIRS 135421 0 0 0 0 0 8256 0 8789 0 152466 0 0 0 PART I, LINE 3 THE ORGANIZATION UTILIZES THE ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEY FOR REVIEWS OF COMPENSATION RANGES BY POSITION. THE BOARD OF TRUSTEES APPROVES THE SALARY OF THE EXECUTIVE DIRECTOR. X 26 65500 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JEANNE KLEIN, MICKEY KLEIN, AND LORA REYNOLDS - FAMILY RELATIONSHIP. DEBORAH GREEN AND CHRIS MATTSSON - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SHARED WITH THE BOARD AND FINANCE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE IS REQUIRED TO SUBMIT A SIGNED CONFLICT OF INTEREST AGREEMENT ANNUALLY. THE BUSINESS PORTION OF EACH BOARD MEETING IS ONLY ATTENDED BY THOSE WHO HAVE SUBMITTED SUCH AN AGREEMENT. IN ADDITION, THE POLICY REQUIRES ALL INTERESTED PARTIES TO AN ARRANGEMENT OR TRANSACTION TO DISCLOSE ALL ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND MATERIAL FACTS. AFTER DISCLOSURE, THE INTERESTED PARTIES MAY MAKE A PRESENTATION TO THE BOARD OF TRUSTEES OR COMMITTEE MEETING BUT MUST LEAVE THE MEETING WHILE THE DETERMINATION OF THE CONFLICT IS DISCUSSED AND VOTED UPON BY THE BOARD OR COMMITTEE. THE PRESIDENT OR APPLICABLE COMMITTEE CHAIR MUST, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZES THE ASSOCIATION OF ART MUSEUM DIRECTORS SALARY SURVEY FOR REVIEWS OF COMPENSATION RANGES BY POSITION. THE BOARD OF TRUSTEES APPROVES THE SALARY OF THE EXECUTIVE DIRECTOR, WHILE EXECUTIVE DIRECTOR APPROVES THE SALARIES FOR THE TOP MANAGEMENT AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON WRITTEN OR ORAL REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 581,143. MANAGEMENT AND GENERAL EXPENSES 459,793. FUNDRAISING EXPENSES 311,138. TOTAL EXPENSES 1,352,074. OTHER FEES: PROGRAM SERVICE EXPENSES 133,471. MANAGEMENT AND GENERAL EXPENSES 114,959. FUNDRAISING EXPENSES 52,239. TOTAL EXPENSES 300,669. FORM 990, PART XI, LINE 9: BALANCE OF ENDOWMENT FUND TRANSFERRED UPON MERGER 21,267,391. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS EXPLANATION: THE CONTEMPORARY AUSTIN MUSEUM ENDOWMENT FUND, INC. MERGED INTO THE CONTEMPORARY AUSTIN MUSEUM, INC. AND ALL ASSETS OF THE ENDOWMENT FUND WERE TRANSFERRED TO THE CONTEMPORARY AUSTIN MUSEUM, INC. EFFECTIVE DECEMBER 7, 2023. CONTEMPORARY AUSTIN MUSEUM ENDOWMENT FUND 3809 W 35TH ST STE 100 AUSTIN TX 78703 741239545 ENDOWMENT MANAGEMENT TX 501(C)(3) LINE 12A, I CONTEMPORARY AUSTIN MUSEUM 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CONTEMPORARY AUSTIN MUSEUM ENDOWMENT FUND C 902226 CASH CONTEMPORARY AUSTIN MUSEUM ENDOWMENT FUND S 21267391 MARKET VALUE SCHEDULE R, PART V, LINE 1S THE CONTEMPORARY AUSTIN MUSEUM ENDOWMENT FUND, INC. MERGED INTO THE CONTEMPORARY AUSTIN MUSEUM, INC. AND ALL ASSETS OF THE ENDOWMENT FUND WERE TRANSFERRED TO THE CONTEMPORARY AUSTIN MUSEUM, INC. EFFECTIVE DECEMBER 7, 2023.