2025-03-03T17:24:00-06:00 2024-04-30 391203191 SVA CERTIFIED PUBLIC ACCTS SC 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2023-05-01 391133513 MADISON MUSEUM OF CONTEMPORARY ART INC MADI 6082570158 227 STATE ST MADISON WI 53703 PAUL BAKER PRINDLE EXECUTIVE DIRECTOR 6082570158 2025-02-25 1 0 KIRSTEN HOUGHTON P01273230 6088318181 2023 2025-03-06 01:10:19Z PAUL BAKER PRINDLE 227 STATE STREET MADISON WI 53703 2192869 0 X WWW.MMOCA.ORG X 1969 WI A MUSEUM TO EXHIBIT, COLLECT, PRESERVE AND INTERPRET VISUAL ART, WITH A FOCUS ON MODERN AND CONTEMPORARY ART. 21 21 80 330 0 0 1586861 1691564 36368 104528 10 4 334117 221689 1957356 2017785 0 0 0 0 1160307 1197758 0 0 359423 1692413 1831067 2852720 3028825 -895364 -1011040 14433386 13927291 3533605 4535130 10899781 9392161 PROMOTE MODERN, CONTEMPORARY ART THROUGH EXHIBITIONS, EDUCATIONAL PROGRAMS, AND COLLECTING. 0 0 1830531 104528 EXHIBITS OF ORGINAL ART WORK, EDUCATION, WORKSHOPS, PROGRAMS AND ARTISTIC EDUCATION ITEMS. 1830531 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 44 0 1 80 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X PAUL BAKER PRINDLE 6082570158 227 STATE STREET MADISON WI 53703 VALERIE KAZAMIAS LIFE TRUSTEE 1.00 X 0 0 0 MATTHEW BRAUNGINN TRUSTEE 1.00 X 0 0 0 MAX DUCKWORTH TRUSTEE 1.00 X 0 0 0 JENNIFER RIDLEY HANSON TREASURER 2.00 X X 0 0 0 ERICA GEHRIG TRUSTEE 1.00 X 0 0 0 EVAN GRUZIS TRUSTEE 1.00 X 0 0 0 VERONICA FIGUEROA VELEZ TRUSTEE 1.00 X 0 0 0 GINA CARTER TRUSTEE 1.00 X 0 0 0 TINA VIRGIL VICE PRESIDENT 1.00 1.00 X 0 0 0 CHELE ISAAC TRUSTEE 1.00 X 0 0 0 JENNIFER PRUITT TRUSTEE 1.00 X 0 0 0 DAN ABRAHAMSON TRUSTEE 1.00 X 0 0 0 ERIN BEMIS SECRETARY 1.00 X X 0 0 0 FRANCESCA RODRIQUEZ TRUSTEE 1.00 X 0 0 0 DOUGLAS ROSENBERG TRUSTEE 1.00 X 0 0 0 ERIC SMITHBACK TRUSTEE 1.00 X 0 0 0 LESLIE SMITH III VICE PRESIDENT 1.00 X X 0 0 0 JULIET PAGE VICE PRESIDENT 2.00 X X 0 0 0 COLIN GOOD PRESIDENT 5.00 X X 0 0 0 JONATHAN STENGER TRUSTEE 1.00 X 0 0 0 TRACY TOMPKINS TRUSTEE 1.00 X 0 0 0 CHRISTINA BRUNGARDT EXECUTIVE DIRECTOR 39.00 1.00 X 175019 0 14001 175019 0 14001 1 0 1 0 0 52450 50500 938138 650476 1691564 EDUCATION 900099 63723 63723 EXHIBITIONS 900099 40805 40805 104528 4 4 59808 29550 30258 30258 30258 336965 50500 145534 191431 191431 2017785 104528 0 221693 83429 41715 20857 20857 911570 358523 342254 210793 202759 87621 72363 42775 805 805 3452 3452 12443 12443 48264 18340 21833 8091 20516 6196 14320 452499 290904 116841 44754 22702 19683 3019 3187 3187 735585 730013 5572 54586 19576 35010 HR CONTRACT SERVICE 76226 76226 HONORARIUM 63954 63954 CONTRACT SERVICES 63937 29690 7967 26280 OTHER 57571 57571 215340 106745 102722 5873 3028825 1830531 838871 359423 72291 200946 1315 1316 1500 25000 188155 97269 108016 175745 21487987 9559061 12623017 11928926 1439092 1498089 14433386 13927291 250136 163707 213981 224194 517266 672285 2552222 3474944 3533605 4535130 X 10773281 9266161 126500 126000 10899781 9392161 14433386 13927291 X -1011040 49687 -546267 X 0 1 X 1 0 X 1861453 1445639 1793653 1592049 1691564 8384358 1861453 1445639 1793653 1592049 1691564 8384358 8384358 121808 54061 85078 55144 4 316095 148630 -43155 105475 8805928 193868 0.95210 0.89940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 5080133 10000 439489 213524 43150 5272948 5325019 10227 207923 47190 5080133 5217735 87952 253012 178172 55508 5325019 4370967 1081414 183058 51588 5217735 4625153 13500 -33614 185649 48423 4370967 1.00000 1 1 1 20378379 8593703 11784676 1109608 965358 144250 11928926 NATIONWIDE ANNUITY - EMPLOYEE BENEFIT 818782 BENEFICIAL INTEREST HELD AT MADISON COMMUNITY FOUNDATION, INC. 662591 RIGHT-OF-USE ASSET 16716 1498089 NATIONWIDE ANNUITY - DEFERRED EMPLOYEE BENEFITS 818782 INTERFUND WITH MMOCA FOUNDATION 2638953 LEASE LIABILITY 17209 3474944 X PART III, LINE 1A: IN ACCORDANCE WITH U.S. GAAP, THE ART COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF THE ART COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED; OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED ART COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE COLLECTION CONSISTS OF OVER 5,000 20TH CENTURY AND CONTEMPORARY ARTWORKS WITH A MAJORITY OF THEM PRINTS. THE MISSION OF THE MUSEUM IS TO EXHIBIT, EDUCATE AND COLLECT CONTEMPORARY ART. PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD BY A RELATED PARTY AND THE MADISON COMMUNITY FOUNDATION AND ARE INTENDED TO PROVIDE EARNINGS TO BE USED IN CARRYING OUT THE OPERATIONAL MISSION OF THE MUSEUM. PART X, LINE 2: MADISON MUSEUM OF CONTEMPORARY ART, INC. IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MUSEUM IS SUBJECT TO INCOME TAXES IN THE UNITED STATES FEDERAL JURISDICTION AND THE STATE OF WISCONSIN FOR THE REVENUES AND EXPENSES ASSOCIATED WITH THE CONSIGNMENT SALES OF THE STORE. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGEMENT TO APPLY. THERE WAS NO INCOME TAX EXPENSE DERIVED FROM THE TAXABLE ACTIVITIES FOR THE YEARS ENDED APRIL 30, 2024 AND 2023. THE ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS, AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED APRIL 30, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. TAX RETURNS FOR THE YEARS 2023, 2022, 2021, AND 2020 ARE STILL OPEN AND HAVE NOT PASSED THE STATUTE OF LIMITATION FOR EXAMINATION. ART FAIR ON THE SQUARE 381240 50500 330740 145534 GALLERY NIGHT 6225 6225 387465 50500 336965 145534 145534 191431 X X 0 0 0 0 0 0 0 0 0 CHRISTINA BRUNGARDT EXECUTIVE DIRECTOR 175019 0 0 0 0 0 0 0 14001 0 189020 0 0 0 X 2 0 0 1 0 PART I, COLUMN (B): THE MUSEUM RECEIVED THIRTY-TWO GIFTS OF ART DURING THE YEAR ENDED APRIL 30, 2024. NO DOLLAR AMOUNT IS REPORTED ON FORM 990, PART VIII, LINE 1G RELATED TO THIS, BECAUSE THE MUSEUM DOES NOT CAPITALIZE ITS COLLECTIONS AS ALLOWED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 958-360-25. FORM 990, PART VI, SECTION A, LINE 6 ALL PERSONS, BUSINESSES, AND OTHER ORGANIZATIONS THAT HAVE CURRENTLY PAID A MEMBERSHIP CONTRIBUTION, AS ESTABLISHED BY THE BOARD AND AS SHOWN ON THE RECORDS OF THE TREASURER OF THE CORPORATION SHALL BE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MUSEUM'S MEMBERS MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B AN OFFICER REVIEWS AND SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF ETHICS IS DISTRIBUTED TO ALL BOARD MEMBERS AND STAFF AND THE ISSUE IS ADDRESSED WITHIN NOTING THAT ANY CONFLICTS MUST BE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS TO DETERMINE COMPENSATION IS THAT THE EXECUTIVE DIRECTOR PROVIDES A SELF-EVALUATION TO THE EXECUTIVE COMMITTEE OF THE BOARD AND THEY IN TURN PRESENT A WRITTEN EVALUATION OF THE DIRECTOR IN DETERMINING ANY ANNUAL CHANGE IN COMPENSATION. THE PROCESS TO DETERMINE COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES IS THAT ALL EMPLOYEES ARE REVIEWED BY THEIR SUPERVISORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR YEAR ADJUSTMENT TO INTERFUND / TO TRUE UP BEGINNING NET ASSETS -546,267. MADISON MUSEUM OF CONTEMPORARY ART FOUNDATION INC 227 STATE STREET MADISON WI 537032214 391969167 SUPPORT MMOCA WI 501(C)(3) LINE 12A, I MMOCA INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MADISON MUSEUM OF CONTEMPORARY ART FOUNDATION INC C CASH