TY 2014 Form 990

- TIN:

Form990

Department of the Treasury
Internal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)

Do not enter social security numbers on this form as it may be made public.

Information about Form 990 and its instructions is at www.IRS.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
THE INSTITUTE OF CONTEMPORARY ART INC

Doing business as
ICABOSTON

Number and street (or P.O. box if mail is not delivered to street address)
100 NORTHERN AVENUE

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02210

D Employer identification number

04-2104327

E Telephone number

G Gross receipts $ 19,897,762

F Name and address of principal officer:
JILL MEDVEDOW
100 NORTHERN AVENUE
BOSTON,MA02210

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.ICABOSTON.ORG

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1936

M State of legal domicile: MA

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O FOR DESCRIPTION.THE MISSION OF THE INSTITUTE OF CONTEMPORARY ART IS TO SHARE THE PLEASURES OF REFLECTION, INSPIRATION, PROVOCATION, AND IMAGINATION THAT CONTEMPORARY ART OFFERS THROUGH PUBLIC ACCESS TO ART, ARTISTS, AND THE CREATIVE PROCESS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	33
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	32
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	246
6	Total number of volunteers (estimate if necessary) .............	6	156
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	9,208
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	4,135

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	16,473,594	11,499,610
9	Program service revenue (Part VIII, line 2g) .........	1,827,863	1,993,478
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	352,193	823,783
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	85,412	132,414
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	18,739,062	14,449,285
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	5,707,522	6,162,440
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	45,121	22,218
b	Total fundraising expenses (Part IX, column (D), line 25) 1,132,412
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	6,158,705	6,686,774
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	11,911,348	12,871,432
19	Revenue less expenses. Subtract line 18 from line 12.......	6,827,714	1,577,853
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	88,143,534	89,147,218
21	Total liabilities (Part X, line 26).............	6,818,124	6,507,224
22	Net assets or fund balances. Subtract line 21 from line 20.....	81,325,410	82,639,994

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2014)

Form 990 (2014)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III ..............

Briefly describe the organization’s mission: THE MISSION OF THE INSTITUTE OF CONTEMPORARY ART IS TO SHARE THE PLEASURES OF REFLECTION, INSPIRATION, PROVOCATION, AND IMAGINATION THAT CONTEMPORARY ART OFFERS THROUGH PUBLIC ACCESS TO ART, ARTISTS, AND THE CREATIVE PROCESS.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ...................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................ Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 4,773,945 including grants of $ ) (Revenue $ 846,977 )
	ART EXHIBITIONS: GALLERY PRESENTATIONS: THE ICA PRESENTED THE FOLLOWING 16 CONTEMPORARY ART EXHIBITIONS AND COMMISSIONED PROJECTS FEATURING PAINTING, DRAWING, SCULPTURE, VIDEO, INSTALLATION, AND MORE. GENERAL ADMISSION AND PRIVATE TOUR ATTENDANCE FOR THE GALLERY EXHIBITS TOTALED 142,147 VISITORS IN FY15. MATTHEW RITCHIE: REMANENCE FEBRUARY 28, 2014 - JUNE 2015, THE SANDRA AND GERALD FINEBERG ART WALLNATHALIE DJURBURG AND HANS BERG: A WORLD OF GLASSMARCH 19 - JULY 6, 2014, PAUL AND CATHERINE BUTTENWIESER GALLERYDESIRE, COMPASSION, FEAR, LOVE, PAIN, REGRET, AND GRIEF-THE DEEPEST HUMAN EMOTIONS--ARE THE CENTRAL THEME OF A WORLD OF GLASS, 2011, A COLLABORATIVE INSTALLATION BY ARTIST NATHALIE DJURBERG AND MUSICIAN/COMPOSER HANS BERG. IN ANIMATIONS PROJECTED ON THE GALLERY WALL, HUMAN AND ANIMAL CHARACTERS ARE PUT INTO SEEMINGLY PLAYFUL SITUATIONS THAT SUDDENLY TURN SINISTER AND OFTEN VIOLENT. REMINISCENT OF A DARK FOLKTALE, THESE FICTIVE WORLDS ADDRESS THEMES OF SEXUAL DISCOVERY, AGGRESSION, VULNERABILITY, AND PAIN TO EXPOSE THE FRAGILE NATURE OF HUMAN LIFE. ORGANIZED BY ANNA STOTHART, FORMER ASSISTANT CURATOR. MULTIPLE OCCUPANCY: ELEANOR ANTIN'S "SELVES"FOTENE DEMOULAS GALLERY, MARCH 19 - JULY 6, 2014ELEANOR ANTIN IS A PIONEER OF CONCEPTUAL ART, WORKING PRIMARILY IN THE MEDIUMS OF PERFORMANCE, PHOTOGRAPHY, FILM, VIDEO, AND INSTALLATION. FOR NEARLY FIFTY YEARS, ANTIN HAS CREATED HUMOROUS AND OFTEN TRAGIC WORKS GROUNDED IN NARRATIVES THAT ENGAGE HISTORY, IDENTITY, AND FEMINISM. ANTIN EXPLORED THE FLEETING NATURE OF THE SELF, USING FICTION, FANTASY, AND THEATRICALITY TO EXAMINE THE WAYS THAT HISTORY TAKES SHAPE, SCRUTINIZING THE ROLE THAT VISUAL REPRESENTATION PLAYS IN THAT PROCESS. THE ISSUES THE "SELVES" PERSONIFY--DESTABILIZED IDENTITY, FICTIONALIZED HISTORY, TRANSFORMATION, AND ARCHIVAL SLIPPAGE--REVERBERATE IN ART OF THE PRESENT DAY. THIS EXHIBITION WAS ORGANIZED BY THE MIRIAM AND IRA D. WALLACH ART GALLERY, COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK, AND CURATED BY EMILY LIEBERT. THE BOSTON PRESENTATION WAS COORDINATED BY JENELLE PORTER, FORMER MANNION FAMILY SENIOR CURATOR. ICA COLLECTION: EXPANDING THE FIELD OF PAINTING KIM AND JIM PALLOTTA GALLERY, MAY 1 - OCTOBER 12, 2014SINCE THE END OF THE NINETEENTH CENTURY, PAINTING HAS GONE THROUGH A REPEATED CYCLE OF DEATH AND REBIRTH IN THE FACE OF ARTISTIC INNOVATIONS SUCH AS PHOTOGRAPHY, CONCEPTUAL ART, INSTALLATION, AND DIGITAL-IMAGING TECHNOLOGIES. AT EACH OF THESE CHALLENGES, ARTISTS HAVE EXPLORED ALTERNATIVE WAYS OF MAKING A "PAINTING" THAT GO BEYOND THE APPLICATION OF PAINT TO A CANVAS USING A BRUSH BY DIVERSIFYING THE COMPONENTS OF ITS PRODUCTION AND PRESENTATION. THIS EXHIBITION HIGHLIGHTS THE MOST RECENT GROWTH OF PAINTING, EXAMINING KEY TRANSFORMATIONS THE PRACTICE HAS UNDERGONE SINCE THE 1970S. PUSHING THE BOUNDARIES OF ITS DEFINITION, THE ARTISTS WITH WORK ON VIEW IN THESE GALLERIES HAVE DECONSTRUCTED AND REINVENTED WHAT A PAINTING IS AND WHAT IT CAN BE. ORGANIZED BY ANNA STOTHART, FORMER ASSISTANT CURATOR. JIM HODGES: GIVE MORE THAN YOU TAKEWEST GALLERY, JUNE 4 - SEPTEMBER 1, 2014 RAGNAR KJARTANSSON: THE VISITORS PAUL AND CATHERINE BUTTENWIESER GALLERY AND FOTENE DEMOULAS GALLERY, JULY 23 - NOVEMBER 2, 2014A CELEBRATION OF CREATIVITY, COMMUNITY, AND FRIENDSHIP, THE VISITORS (2012) DOCUMENTS A 64-MINUTE DURATIONAL PERFORMANCE KJARTANSSON STAGED WITH SOME OF HIS CLOSEST FRIENDS AT THE ROMANTICALLY DILAPIDATED ROKEBY FARM IN UPSTATE NEW YORK. EACH OF THE NINE CHANNELS SHOWS A MUSICIAN OR GROUP OF MUSICIANS, INCLUDING SOME OF ICELAND'S MOST RENOWNED AS WELL AS MEMBERS OF THE FAMILY THAT OWNS ROKEBY FARM, PERFORMING IN A SEPARATE SPACE IN THE STORIED HOUSE AND GROUNDS; EACH WEARS HEADPHONES TO HEAR THE OTHERS. AS THE MUSIC BEGINS AND REPEATS, INDIVIDUAL PLAYERS STOP, START, AND MOVE BETWEEN ROOMS. VIEWED TOGETHER, THE INDIVIDUAL VIDEOS PRESENT AN ENSEMBLE PERFORMANCE KJARTANSSON CALLS A "FEMININE NIHILISTIC GOSPEL SONG." THE PIECE ITSELF SETS LYRICS FROM A POEM BY ARTIST ASDIS SIF GUNNARSDOTTIR, RAGNAR'S EX-WIFE, TO A MUSICAL ARRANGEMENT BY THE ARTIST AND ICELANDIC MUSICIAN DAVIO POR JONSSON; THE TITLE COMES FROM A 1981 ALBUM FROM SWEDISH POP BAND ABBA, MEANT TO BE ITS LAST.FIBER: SCULPTURE 1960-PRESENTWEST GALLERY, OCTOBER 1, 2014 - JANUARY 4, 2015 FIBER: SCULPTURE 1960-PRESENT FEATURES A WIDE SPECTRUM OF EXEMPLARY OBJECTS THAT, WHETHER CONCEIVED AT AN INTIMATE OR ARCHITECTURAL SCALE, REVEL IN THE PLASTICITY AND POTENCY OF FIBER. CRISSCROSSING GENERATIONS, NATIONALITIES, PROCESSES, AND APPROACHES, THE WORKS IN THE EXHIBITION SPEAK TO THE CULTURAL FORCES AND ART DISCOURSES THAT HAVE CONTRIBUTED TO A RICH, AND OFTEN OVERLOOKED, LEGACY OF ART MAKING, FROM THE INITIAL EFFLORESCENCE OF THE FIBER REVOLUTION TO FIBER'S RECENT RECLAMATION BY CONTEMPORARY ARTISTS WHO HAVE IMPLICITLY RECEIVED PERMISSION-IN AN EXPANDED FIELD OF ART-TO CREATE FIBER-BASED WORK WITH A "POST-FIBER" SENSIBILITY. ORGANIZED BY JENELLE PORTER, FORMER MANNION FAMILY SENIOR CURATOR. FIBER: SCULPTURE 1960-PRESENT TRAVELED TO ICA COLLECTION: IN CONTEXTKIM AND JIM PALLOTTA GALLERY, OCTOBER 22, 2014 - JULY 12, 2015WHEN THE ICA OPENED ON THE WATERFRONT IN 2006, THE MUSEUM MADE THE DECISION TO INAUGURATE AN ART COLLECTION FOCUSED PRIMARILY ON ARTISTS WHOSE WORK HAD BEEN EXHIBITED HERE. DISTINGUISHED FOR ITS STRONG HOLDINGS IN PHOTOGRAPHY BY TRAILBLAZING ARTISTS SUCH AS PHILIP-LORCA DI CORCIA AND NAN GOLDIN, THE ICA COLLECTION HAS SINCE GROWN EXPONENTIALLY TO ALSO INCLUDE A ROBUST SELECTION OF INSTALLATION, PAINTING, SCULPTURE, AND VIDEO. TWO PRIMARY THEMES ARE EXPLORED IN THIS DISPLAY OF OUR PERMANENT COLLECTION: THE TENSIONS BETWEEN REPRESENTATION AND REALITY-PARTICULARLY IN PHOTOGRAPHIC MEDIA-AND ARTISTIC ENGAGEMENT WITH THE SOCIAL AND POLITICAL EFFECTS OF WAR.ADRIANA VAREJAOPAUL AND CATHERINE BUTTENWIESER GALLERY AND FOTENE DEMOULAS GALLERY, NOVEMBER 19, 2014 - APRIL 5, 2015BRAZILIAN ARTIST ADRIANA VAREJAO CREATES VISCERAL PAINTINGS THAT INVESTIGATE THE HISTORICAL AND CONTEMPORARY REALITY OF POSTCOLONIAL BRAZIL. BLENDING HISTORICAL AND ETHNOGRAPHIC REFERENCES, SHE USES THE TROPE OF ANTHROPOPHAGY-THE PRACTICE OF EATING HUMAN FLESH-TO ILLUSTRATE THE COMPLEXITIES OF BRAZILIAN CULTURE AND RACIAL IDENTITY. THE CONCEPT OF ANTHROPOPHAGY AS A CRITICAL APPROACH TO CULTURAL ASSIMILATION WAS DEVELOPED IN 1928 BY OSWALD DE ANDRADE, A POET AND PIONEER OF BRAZILIAN MODERNISM. IN HIS "ANTHROPOPHAGIC MANIFESTO," HE URGED BRAZILIANS TO "DEVOUR" RATHER THAN RESIST THE IDEALS AND NORMS OF THE EUROPEAN COLONIZERS AND COMBINE THEM WITH INDIGENOUS TRADITIONS AND PRACTICES IN ORDER TO CREATE A NEW AND MORE POWERFUL CULTURAL SYNTHESIS. ANTHROPOPHAGY HAS SINCE BECOME A WAY TO CELEBRATE BRAZIL'S DIVERSE CULTURAL MAKE-UP AND ITS DEFINING DICHOTOMIES: MODERNISM/PRIMITIVISM, CENTER/PERIPHERY, EUROPE/AMERICA. ORGANIZED BY ANNA STOTHART, FORMER ASSISTANT CURATOR. WHEN THE STARS BEGIN TO FALL: IMAGINATION AND THE AMERICAN SOUTHWEST GALLERY, FEBRUARY 4 - MAY 10, 2015 WHEN THE STARS BEGIN TO FALL: IMAGINATION AND THE AMERICAN SOUTH GATHERS THIRTY-FIVE AFRICAN-AMERICAN ARTISTS OF DIFFERENT GENERATIONS WHO SHARE AN INTEREST IN THE AMERICAN SOUTH AS BOTH A REAL AND A FABLED PLACE. FEATURING OBJECTS MADE BETWEEN 1964 AND THE PRESENT, THE EXHIBITION PRESENTS ARTWORK BY SELF-TAUGHT, SPIRITUALLY INSPIRED, AND INCARCERATED ARTISTS AS WELL AS BY ARTISTS FORMALLY TRAINED IN VISUAL ART AND PERFORMANCE. WHEN THE STARS BEGIN TO FALL COMPLICATES SUCH CATEGORIES AS FINE, FOLK, AND OUTSIDER ART TO REVEAL THE IMPORTANCE OF GEOGRAPHY AND BLACK CULTURE IN CONTEMPORARY ART AND AMERICAN SOCIETY. WORKING IN A WIDE RANGE OF MEDIA, THE PARTICIPATING ARTISTS EXPLORE THE SOUTH AS A SITE OF ORIGIN, EXILE, AND RETURN, DRAWING UPON PERSONAL EXPERIENCE AS WELL AS AMERICAN HISTORY. THEY EMBRACE DIVERSE SOUTHERN AESTHETIC TRADITIONS-FROM GOSPEL, FOLK, AND BLUES MUSIC TO QUILTS AND YARD SHOWS-TO ALLUDE TO HISTORIC EVENTS AND IMAGINE ALTERNATIVE FUTURES. (SEE SCH. O PAGE "65" FOR CONTINUATION).

4b	(Code: ) (Expenses $ 1,545,652 including grants of $ ) (Revenue $ 270,720 )
	PERFORMING AND MEDIA ARTS:THE ICA PRESENTS SOME OF THE MOST TALENTED AND FORWARD LOOKING CHOREOGRAPHERS, MUSICIANS, THEATER COMPANIES AND GENRE BENDING ARTISTS FROM BOSTON AND THE REST OF THE WORLD. IN FY15 WE PRESENTED 52 PERFORMANCES BY THE FOLLOWING PERFORMERS, ARTISTS AND ENSEMBLE COMPANIES. ATTENDANCE AT THESE PERFORMANCES TOTALED 22,151. DANCE/THEATER- REGGIE WILSON (SUMMER STAGES DANCE)- TRAJAL HARRELL AND SARAH SZE'S THE UNTITLED STILL LIFE COLLECTION PERFORMED BY TRAJAL HARRELL AND CHRISTINA VASILEIOU- KYLE ABRAHAM / ABRAHAM.IN.MOTION: WHEN THE WOLVES CAME IN- WORDLESS!: ART SPIEGELMAN + PHILLIP JOHNSTON- WOT? NO FISH!! (A COLLABORATION BETWEEN DANNY BRAVERMAN AND NICK PHILIPPOU)- MATTHEW RITCHIE: THE LONG COUNT/THE LONG GAME- MARK MORRIS DANCE GROUP: ITALIAN CONCERTO, A WOODEN TREE, JENN AND SPENCER, AND WORDS- SHANTALA SHIVALINGAPPA: AKASHA- REGGIE WILSON: MOSES(ES)- MIWA MATREYEK: MYTH AND INFRASTRUCTURE AND THIS WORLD MADE ITSELF- WORLD MUSIC/CRASHARTS PRESENTSRONALD K. BROWN / EVIDENCEURBANITY DANCEDORRANCE DANCEMUSIC HARBORWALK SOUNDS: BERKLEE COLLEGE OF MUSIC AT THE ICA - GREY SEASON - WAMBURA MITARU - LOWTONE SOCIETY - LATIMBOP - SARAH MCKENZIE - SONG YI JEON QUINTET - OYINDA + BIGFOOT WALLACE - COMMON THREAD WAVELENGTHS - DEAN WAREHAM - AUTRE NE VEUT - PEACHES - MAS YSA - JULIANA HUXTABLE & VENUS X - HOORAY FOR EARTH - BOSTON DJ ROUND ROBIN JACK QUARTET: HAAS STRING QUARTET, NO. 3 "IN IIJ. NOCT" MARTY EHRLICH + NED ROTHENBERG TALEA ENSEMBLE: GEORGE APERGHIS'S HAPPY END ACTIVE CHILDFILMIN FY15 WE PRESENTED 46 SCREENINGS OF THE FOLLOWING FILMS. ATTENDANCE AT THESE SCREENINGS TOTALED 2,705. - WANDER, WONDER, WILDERNESS - PAUL TURANO- BORN TO FLY - CATHERINE GUND- THE NOTORIOUS MR. BOUT - MAXIM POZDOROVKIN- THE MEASURE OF ALL THINGS - SAM GREEN- BOSTON JEWISH FILM FESTIVAL: NEXT STOP GREENWICH VILLAGE - PAUL MAZURSKY- BOSTON JEWISH FILM FESTIVAL: REGARDING SUSAN SONTAG - NANCY KATES- CAPTIVE BEAUTY - JARED GOODMAN- THE BRITISH ARROWS - BRITISH TELEVISION ADVERTISING AWARDS- THROUGH A LENS DARKLY - THOMAS ALLEN HARRIS- BEST OF THE OTTAWA INTERNATIONAL FILM FESTIVAL- OSCAR-NOMINATED SHORT FILMS (ANIMATION)- OSCAR-NOMINATED SHORT FILMS (LIVE ACTION)- SUNDANCE FILM FESTIVAL: ANIMATED SHORTS- SUNDANCE FILM FESTIVAL: LIVE-ACTION SHORTS- EAT WITH ME - DAVID AU (OPENING OF THE 31ST ANNUAL BOSTON LGBT FILM FESTIVAL)- NEW DIRECTIONS IN CHINESE ANIMATION - PRESENTED IN CONJUNCTION WITH THE BALAGAN FILM SERIES- MISS HILL: MAKING DANCE MATTER - GREG VANDER VEE- PSYCHEDELIC CINEMA + THE CRUMBLING - KEN BROWN, ALEXIS GIDEON- ARCHIE'S BETTY - GERALD PEARY

4c	(Code: ) (Expenses $ 1,217,351 including grants of $ ) (Revenue $ 44,326 )
	ADULT, FAMILY, TEEN AND COMMUNITY PROGRAMS:ADULT PROGRAMS -ADULT PROGRAMS SERVED A TOTAL OF 5,788 PEOPLE, INCLUDING GALLERY TALKS AND LECTURES. LECTURES IN FY15 WERE DOCUMENTED AND MADE AVAILABLE THROUGH ICA'S WEBSITE AMONG OTHER RESOURCES. VIEWERS AND LISTENERS ACCESSED THESE RESOURCES ONLINE VIA ICA'S WEBSITE, MOBILE GUIDE, AND/OR ONSITE COMPUTERS (ADDITIONAL 12,000 PARTICIPANTS).ICA READS- GALLERY DISCUSSION WITH WRITER COLLIER MEYERSON- GALLERY DISCUSSION WITH SCHOLAR RENANA KEHOE- GALLERY DISCUSSION WITH SCHOLAR EMILY OWENS- THE ARTIST'S VOICE: POET CLAUDIA RANKINE WITH ICA ELLEN MATILDA POSS DIRECTOR JILL MEDVEDOW PRIVATE TOURS FOR BOOK CLUBS ICA / AIGA DESIGN LECTURE- ABBOTT MILLER AND ICA SENIOR CURATOR DAN BYERSBOSTON AFTERSCHOOL & BEYOND: HIGH SCHOOL REDESIGN COUNCIL PARTNERS EVENTCOLLECTION: EXPANDING THE FIELD OF PAINTING- POP-UP TALKS AND PUBLIC TOURS- ICA PRODUCED DIGITAL RESOURCESMATTHEW RITCHIE- THE ARTIST'S VOICE: MATTHEW RITCHIE AND COMPANY WITH KEVIN SLAVIN, MIT; CAROLINE JONES, MIT; JENELLE PORTER, ICA; AND ICA TEENS JIM HODGES: GIVE MORE THAN YOU TAKE- GALLERY TALK WITH ANNA STOTHART, ICA ASSISTANT CURATOR- POSS FAMILY MEDIATHEQUE INTERACTIVE INSTALLATION: GIVE AND TAKE- BANK OF AMERICAN INTERACTIVE INSTALLATION: SCULPTURE FLOWERS - POP-UP TALKS AND PUBLIC TOURS- DIGITAL RESOURCESNATHALIE DJURBERG AND HANS BERG: A WORLD OF GLASS- POP-UP TALKS AND PUBLIC TOURSMULTIPLE OCCUPANCY: ELEANOR ANTIN'S SELVES- POP-UP TALKS AND PUBLIC TOURSRAGNAR KJARTANSSON: THE VISITORS- POP-UP TALKS AND PUBLIC TOURSCOLLECTION: IN CONTEXT- ICA READS- POP-UP TALKS AND PUBLIC TOURSFIBER: SCULPTURE 1960-PRESENT- GALLERY TALK WITH RESEARCHER MATTHEW CLAUDEL, MIT- GALLERY TALK, THE PUSH AND PULL-EXPLORING LIMINAL SPACES WITH ARTIST SAMANTHA FIELDS- PANEL DISCUSSION, MAKE YOUR VOICE HEARD: THE INTERSECTION OF CRAFT, CREATIVITY AND ACTIVISM WITH AUTHORS BETSY GREER, LEANNE PRAIN, AND KIM WERKER; MODERATED BY MEIGHAN O'TOOLE- ARTIST RESPONSE WITH ARTIST BEA CAMACHO- DEMO DAY \| FIBER: SCULPTURE WITH THE WEAVERS' GUILD OF BOSTON/BOSTON AREA SPINNERS AND DYERS, AND NEW CRAFT ARTISTS IN ACTION- THE ARTIST'S VOICE: SHEILA HICKS WITH ICA MANNION FAMILY SENIOR CURATOR JENELLE PORTER- THE ARTIST'S VOICE: FAITH WILDING AND BERYL KOROT WITH ICA MANNION FAMILY SENIOR CURATOR JENELLE PORT- FEEL OF FIBER INTERACTIVE SPACE IN MEDIATHEQUE - BANK OF AMERICA INTERACTIVE INSTALLATION: WE ARE ALL THREAD BY WES BRUCE- POP-UP TALKS AND PUBLIC TOURS- ICA PRODUCED DIGITAL RESOURCES: KAY SEKIMACHI (VIDEO), JOSH FAUGHT (VIDEO), SHEILA PEPE (VIDEO), JENELLE PORTER (AUDIO)ADRIANA VAREJAO- GALLERY TALK WITH SCHOLAR RODRIGO LOPES DE BARROS, BOSTON UNIVERSITY- ICA READS- POP-UP TALKS AND PUBLIC TOURSWHEN THE STARS BEGIN TO FALL: IMAGINATION AND THE AMERICAN SOUTH- GALLERY TALK WITH SCHOLAR JASMINE JOHNSON, BRANDEIS UNIVERSITY- THE ARTIST'S VOICE: MARCYLIENA MORGAN, XAVIERA SIMMONS AND REGGIE WILSON- POSS FAMILY MEDIATHEQUE INTERACTIVE INSTALLATION: IMAGINING PLACE- BANK OF AMERICA ART LAB INTERACTIVE INSTALLATION: MAKING PLACE BY EKUA HOLMES - ICA READS- POP-UP TALKS AND PUBLIC TOURS- DIGITAL RESOURCES: THOMAS LAX AND RUTH ERICKSON (AUDIO)SONIC ARBORETUM: SCULPTURE BY IAN SCHNELLER / SOUND BY ANDREW BIRD- GALLERY TALK WITH ARTIST NATE HARRISON, SCHOOL OF THE MUSEUM OF FINE ARTS BOSTON- POP-UP TALKS AND PUBLIC TOURS- DIGITAL RESOURCES: IAN SCHNELLER AND RUTH ERICKSON (AUDIO; VIDEO)MELEKO MOKGOSI- GALLERY TALK WITH ICA CURATORIAL ASSISTANT DAVIDA FERNANDEZ-BARKAN- POP-UP TALKS AND PUBLIC TOURSJAMES AND AUDREY FOSTER PRIZE 2015- POP-UP TALKS AND PUBLIC TOURS- ICA PRODUCED DIGITAL RESOURCES: KIJIDOME (VIDEO), SANDRINE SCHAEFER (VIDEO), VELA PHELAN (VIDEO), AND RICARDO DELIMA (VIDEO)ARLENE SHECHET- GALLERY TALK WITH SENIOR CURATOR OF DECORATIVE ARTS AND SCULPTURE THOMAS MICHIE, MFA BOSTON- POSS FAMILY MEDIATHEQUE INTERACTIVE INSTALLATION: POETRY ON PEDESTALS - POP-UP TALKS AND PUBLIC TOURS- ICA PRODUCED DIGITAL RESOURCES: CONTEMPORARY ART 101/COILING (VIDEO), CONTEMPORARY ART 101/WEDGING (VIDEO)TEENS - TEEN PROGRAMS SERVED A TOTAL OF 3,125 THROUGH THE PROGRAMS LISTED BELOW. TEEN NIGHTS, ART HAPPENINGS ORGANIZED AND PROMOTED FOR TEENS BY TEENS, SERVED 1,620 TEENS. EDUCATIONAL RESOURCES AND STUDENT FILMS CREATED THROUGH ICA TEEN PROGRAMS WERE ALSO ACCESSIBLE VIA THE ICATEENS.ORG WEBSITE. VIDEO INTERVIEWS WITH ARTISTS- IAN SCHNELLER- ADRIANA VARJAOSIXTH ANNUAL NATIONAL CONVENING FOR TEENS IN THE ARTS: GIVE AND TAKEINTEREST-DRIVEN GROUPS - ADVANCED SATURDAY PHOTO GROUP - ICA TEEN DJ COLLECTIVE - ICA SLAM TEAM - FAST FORWARD ALUMNI GROUP - ANNUAL WINTER GATHERING- FAST FORWARD ALUMNI MEDIA TEEN ARTS COUNCIL TEEN NIGHTS- YOURS, MINE, OURS- KNOTTY BY NATURE- BRING YOUR OWN STORY- WALLFLOWER MAGNETISM / LUCID DREAMSTEEN NEW MEDIA WORKSHOPS - FAST FORWARD (X2)- DIGITAL PHOTOGRAPHY - BEGINNER - SUMMER (IN PARTNERSHIP WITH UMASS BOSTON URBAN SCHOLARS PROGRAM)- FASHION - BEGINNER - SUMMER (IN PARTNERSHIP WITH UMASS BOSTON URBAN SCHOLARS PROGRAM)- DJ - BEGINNER - SUMMER (IN PARTNERSHIP WITH UMASS BOSTON URBAN SCHOLARS PROGRAM)- MUSIC VIDEO - BEGINNER - SUMMER (IN PARTNERSHIP WITH UMASS BOSTON URBAN SCHOLARS PROGRAM)- TEEN DJ COLLECTIVE - ADVANCED - SUMMER - DIGITAL PHOTOGRAPHY - BEGINNER - FALL - WEEKDAY- DIGITAL PHOTOGRAPHY- INTERMEDIATE- FALL- WEEKDAY- DIGITAL PHOTOGRAPHY- ADVANCED (1)- FALL- WEEKDAY- DJ101- FALL- WEEKDAY- DJ 201- FALL- WEEKDAY- MUSIC PRODUCTION- FALL- WEEKDAY- DIGITAL PHOTOGRAPHY- BEGINNER- SPRING- WEEKDAY- DIGITAL PHOTOGRAPHY- INTERMEDIATE- SPRING- WEEKDAY- DIGITAL PHOTOGRAPHY- SPECIAL FOCUS: ALTERED SPACES- SPRING- WEEKDAY- DJ 101- SPRING- WEEKDAY- DJ 201- SPRING- WEEKDAY- MUSIC PRODUCTION- SPRING- WEEKDAY- FEMME FILMS- SPRING- FEBRUARY BREAK (WEEK LONG)- INTRO TO FILM- SPRING- SPRING BREAK (WEEK LONG)BOSTON PUBLIC SCHOOLS ARTS CREDIT PROGRAM PARTNERSHIP WALLTALK PROGRAM TEEN EXHIBITIONS- ALTERED SPACES, HARVARD GRADUATE SCHOOL OF EDUCATION, MONROE C. GUTMAN LIBRARY; BANK OF AMERICA ART LAB, ICA- WINDOWS, MIRRORS, AND DOORS, PHOTOPLACE ART GALLERY IN MIDDLEBURY, VT (ONLINE AND PRINT)FAMILIES -FAMILY PROGRAMS SERVED 7,609 VISITORS THROUGH PLAY DATES, WORKSHOPS, AND GALLERY PROGRAMS. PLAY DATES- HARBORWALK ART FESTOONING- MAKING AND MOVING- IF YOU BUILD IT - SCULPTING WITH FIBER- A FAMILY CONCERT- 6TH ANNUAL INTERNATIONAL FILM FESTIVAL- HERE'S THE STORY- FIND YOUR PLACE- TAKE THE STAGE- BECOME YOUR DREAMS- CERAMIC WONDERSWORKSHOPS- SCHOOL VACATION WEEKS - FAMILY FILMMAKING 101 - YOUTH DIGITAL PHOTOGRAPHY BOOKS AND LOOKSGALLERY GAMES (SEE SCH. O PAGE "69" FOR CONTINUATION).

	(Code: ) (Expenses $ 366,043 including grants of $ ) (Revenue $ 596,719 )
	MEMBERSHIPS: MEMBERSHIP CONTRIBUTIONS HELP THE ICA PRESENT EXHIBITIONS, PERFORMANCES, AND PROGRAMS FOR TEENS, FAMILIES AND ADULTS, CREATING A PLACE WHERE PEOPLE OF ALL AGES AND BACKGROUNDS CAN SHARE THE EXCITEMENT OF NEW ART AND IDEAS. IN FISCAL YEAR 2015 THE MEMBERSHIP DEPARTMENT SERVED OVER 6,000 HOUSEHOLDS PROVIDING THE PRIMARY BENEFITS OF FREE MUSEUM ADMISSION, PERFORMANCE TICKET DISCOUNTS, DISCOUNTS IN THE ICA STORE AND WATER CAFE, EXHIBITION PREVIEWS, FIRST FRIDAYS, OPENING EXHIBITION RECEPTIONS AND A SUBSCRIPTION TO THE ICA MAGAZINE "NEW". THE ICA HAD OVER 12,500 MEMBER VISITS TO THE GALLERIES AND AT MEMBERS-ONLY EVENTS IN FY15.

	(Code: ) (Expenses $ 906,276 including grants of $ ) (Revenue $ 644,448 )
	EARNED INCOME ACTIVITIES: - TRAVELING EXHIBITS: THE ICA-ORGANIZED AMY SILLMAN EXHIBITION: ONE LUMP OR TWO TOURED TO THE BARD COLLEGE FROM 6/28/14 TO 9/21/14. THE ICA-ORGANIZED STEVE LOCKE EXHIBITION: THERE IS NO ONE LEFT TO BLAME TOURED TO THE MUSEUM OF CONTEMPORARY ART/DETROIT FROM 5/17/14 TO 7/27/14. THE ICA-ORGANIZED EXHIBITION, FIBER: SCULPTURE, 1960 TO PRESENT TOURED TO THE WEXNER CENTER FOR THE ARTS FROM JANUARY 30 TO APRIL 5, 2015 AND TO THE DES MOINES ART CENTER FROM MAY 2 TO AUGUST 2, 2015. - ART TRIPS: IN FY15 THE ICA SPONSORED TWO ART TRIPS TO LONDON AND MIAMI.- EVENT SPACE RENTALS: THE ICA HAD 52 EVENT RENTALS IN FY15 THAT WERE ATTENDED BY 12,277 VISITORS WHO GOT THE OPPORTUNITY TO VIEW THE ICA'S AWARD WINNING ARCHITECTURAL DESIGN AND EXHIBITIONS.

	(Code: ) (Expenses $ 1,259,019 including grants of $ ) (Revenue $ )
	PROGRAM MARKETING AND COMMUNICATIONS: DEVELOPED AND IMPLEMENTED MARKETING, ADVERTISING, AND PUBLIC RELATIONS STRATEGIES THAT PROMOTED THE ICA'S EXHIBITIONS, PERFORMANCES, AND EDUCATIONAL AND COMMUNITY PROGRAMS TO THE PUBLIC AND ICA MEMBERS. THESE STRATEGIES ALLOWED THE ICA TO ACHIEVE 210,477 IN TOTAL VISITORS TO THE ICA IN FISCAL YEAR 2015.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 2,531,338 including grants of $ ) (Revenue $ 1,241,167 )
4e	Total program service expenses10,068,286

Form 990 (2014)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

........................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I..........

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III............................

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

...

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment

....................

Yes

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V Click to see attachment

......

Yes

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

.........................

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment

.................

12a

Yes

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....

14a

Did the organization maintain an office, employees, or agents outside of the United States?.....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........

14b

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) .... Click to see attachment

Yes

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

Yes

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Form 990 (2014)

Page 4

Part IV

Checklist of Required Schedules (continued)

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................ Click to see attachment

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I....

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................

25b

Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV ..........................

28a

A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV.....................

28b

An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M............. Click to see attachment

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Form 990 (2014)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule O contains a response or note to any line in this Part V ..............

Yes

Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..

219

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

246

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................

If "Yes," enter the name of the foreign country: MediumBullet

See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided?.....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................

Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................

Did the sponsoring organization make any taxable distributions under section 4966?...

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Form 990 (2014)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI ..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year .....................

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent ...................

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .........................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the States with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

MICHAEL TAUBENBERGER

100 NORTHERN AVENUE
BOSTON,MA02210 (617) 478-3192

Form 990 (2014)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII ..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) LORI FIREMAN BALDWIN........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(2) CHARLES BRIZIUS........................................................................ PRESIDENT	1.00 .......................	X	X	0	0	0
(3) DR PAUL BUTTENWIESER........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(4) KAREN SWETT CONWAY........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(5) STEVEN D CORKIN........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(6) ROBERT DAVOLI........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(7) FOTENE DEMOULAS........................................................................ VICE PRESIDENT	1.00 .......................	X	X	0	0	0
(8) JOHN DESPREZ III........................................................................ TRUSTEE (ON LEAVE APR. 2015)	1.00 .......................	X		0	0	0
(9) MARY SCHNEIDER ENRIQUEZ........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(10) BRIDGITT EVANS........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(11) OLIVER EWALD........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(12) GERALD FINEBERG........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(13) JAMES C FOSTER........................................................................ CHAIR	1.00 .......................	X	X	0	0	0
(14) VIVIEN HASSENFELD........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(15) WILLIAM H HESS........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(16) ALLISON JOHNSON........................................................................ TRUSTEE	1.00 .......................	X		0	0	0
(17) CURTIS KEMENY........................................................................ TRUSTEE	1.00 .......................	X		0	0	0

Form 990 (2014)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) BARBARA F LEE........................................................................ VICE CHAIR	1.00 .......................	X	X		0	0	0
(19) TRISTIN MANNION........................................................................ VICE PRESIDENT	1.00 .......................	X	X		0	0	0
(20) JILL MEDVEDOW........................................................................ DIRECTOR/EX-OFFICIO/CEO	40.00 .......................	X	X		419,766	0	33,524
(21) RONALD O'HANLEY........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(22) ERICA GERVAIS PAPPENDICK........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(23) ELLEN M POSS MD........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(24) DAVID PUTH........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(25) CHARLES RODGERS........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(26) KAREN ROTENBERG........................................................................ TRUSTEE (SEE CONTINUATION ON PG.11)	1.00 .......................	X			0	0	0
(27) MARIO RUSSO........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(28) MARK SCHWARTZ........................................................................ TREASURER/SECRETARY/CLERK	1.00 .......................	X	X		0	0	0
(29) JONATHAN SEELIG........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(30) ANTHONY TERRANA DMD........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(31) CHARLOTTE WAGNER........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(32) MICHAEL WILENS........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(33) NICK WINTON........................................................................ TRUSTEE	1.00 .......................	X			0	0	0
(34) NICOLE ZATLYN........................................................................ EX-OFFICIO	1.00 .......................	X			0	0	0
(35) MICHAEL TAUBENBERGER........................................................................ CFO & COO	40.00 .......................		X		185,153	0	12,176
(36) DAVID HENRY........................................................................ DIR. OF PERFORMING & MEDIA ARTS	40.00 .......................			X	144,215	0	28,023
(37) KELLY GIFFORD........................................................................ DIR. OF EXTERNAL RELATIONS	40.00 .......................			X	136,754	0	24,911
(38) KATHRYN GREENBERG MAYSHAK........................................................................ DIRECTOR OF DEVELOPMENT	40.00 .......................			X	132,800	0	12,613
(39) JENELLE PORTER........................................................................ SENIOR CURATOR	40.00 .......................			X	118,924	0	17,802
(40) MONICA GARZA........................................................................ DIRECTOR OF EDUCATION	40.00 .......................			X	103,555	0	23,187

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	1,241,167	0	152,236

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
ALLIEDBARTON SECURITY PO BOX 828854 PHILADELPHIA,PA19182	SECURITY SERVICES	357,509
AMERICAN CLEANING COMPANY INC PO BOX 390702 CAMBRIDGE,MA02139	CLEANING SERVICES	243,000
US ART COMPANY INC 66 PACELLA PARK DRIVE RANDOLPH,MA02638	SHIPPING SERVICES	198,519
WOLFGANG PUCK CATERING 100 NORTHERN AVENUE BOSTON,MA02210	CATERING SERVICES	167,521
ART SHIPPING INTERNATIONAL PO BOX 504 EAST BOSTON,MA02128	SHIPPING SERVICES	159,405
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 7

Form 990 (2014)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII .............

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c		1,259,868
d	Related organizations...1d
e	Government grants (contributions)1e		705,334

f	All other contributions, gifts, grants, and similar amounts not included above1f		9,534,408

g	Noncash contributions included in lines 1a-1f:$		813,446
h	Total. Add lines 1a-1f.......			11,499,610
			Business Code
2a	ADMISSIONS AND PROGRAM FEES		900099	1,162,023	1,162,023
b	MEMBERSHIP DUES		900099	596,719	596,719
c	EXHIBITIONS		900099	234,736	234,736
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			1,993,478
3	Investment income (including dividends, interest, and other similar amounts).......			321,791			321,791
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents	610,519
b	Less: rental expenses	601,311
c	Rental income or (loss)	9,208
d	Net rental income or (loss).......			9,208		9,208
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	4,533,585
b	Less: cost or other basis and sales expenses	4,031,593
c	Gain or (loss)	501,992
d	Net gain or (loss)..........			501,992			501,992
8a	Gross income from fundraising events (not including $ 1,259,868 of contributions reported on line 1c). See Part IV, line 18 ..
	a		116,150
b	Less: direct expenses ...b		483,910
c	Net income or (loss) from fundraising events..			-367,760			-367,760
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a		725,599
b	Less: cost of goods sold ..b		331,663
c	Net income or (loss) from sales of inventory..			393,936	393,936
Miscellaneous Revenue			Business Code
11a	FOOD SERVICES		722210	81,257			81,257
b	OTHER REVENUE		900099	15,773	15,773
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			97,030
12	Total revenue. See Instructions......			14,449,285	2,403,187	9,208	537,280

Form 990 (2014)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............
4	Benefits paid to or for members ....
5	Compensation of current officers, directors, trustees, and key employees ....	650,619		650,619
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages ....	4,637,372	3,541,568	408,344	687,460
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	144,646	103,965	17,990	22,691
9	Other employee benefits .......	363,675	268,868	48,212	46,595
10	Payroll taxes ...........	366,128	265,835	51,481	48,812
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	553		553
c	Accounting ...........	39,826		39,826
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17	22,218			22,218
f	Investment management fees ......	61,260		55,182	6,078
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	514,531	421,148	61,376	32,007
12	Advertising and promotion ....	453,144	453,013	131
13	Office expenses .......	20,869	10,678	7,748	2,443
14	Information technology ......	49,282	27,607	6,213	15,462
15	Royalties ..
16	Occupancy ...........	913,664	863,786	13,352	36,526
17	Travel ............	380,161	305,327	49,511	25,323
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....	11,251	6,738	3,945	568
20	Interest ...........	141,960	127,289	12,227	2,444
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	1,754,927	1,690,027	32,450	32,450
23	Insurance ..............	102,261	44,564	57,697
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PRODUCTION COSTS/ARTIST	611,909	567,875	534	43,500
b	SHIPPING & STORAGE	564,833	564,147	672	14
c	RENTAL AND EQUIPMENT	443,817	438,241	5,576
d	TELEPHONE AND UTILITIES	408,750	367,610	34,216	6,924
e	All other expenses	213,776		112,879	100,897
25	Total functional expenses. Add lines 1 through 24e	12,871,432	10,068,286	1,670,734	1,132,412
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2014)

Page 11


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			3,957,686	1	3,602,446
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ...........			20,797,800	3	18,168,832
4	Accounts receivable, net .............			119,648	4	218,811
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net .............				7
8	Inventories for sale or use ..............			253,748	8	302,162
9	Prepaid expenses and deferred charges ..........			160,176	9	237,372
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	60,894,560
b	Less: accumulated depreciation .....	10b	15,239,778	46,838,349	10c	45,654,782
11	Investments—publicly traded securities ..........			15,381,762	11	20,361,590
12	Investments—other securities. See Part IV, line 11 .....			558,813	12	535,316
13	Investments—program-related. See Part IV, line 11 .....				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			75,552	15	65,907
16	Total assets. Add lines 1 through 15 (must equal line 34)......			88,143,534	16	89,147,218
17	Accounts payable and accrued expenses .........			1,060,941	17	841,608
18	Grants payable .................				18
19	Deferred revenue ................			146,666	19	106,667
20	Tax-exempt bond liabilities .............			5,308,949	20	4,758,949
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....				24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................			301,568	25	800,000
26	Total liabilities. Add lines 17 through 25.........			6,818,124	26	6,507,224
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			41,569,532	27	41,051,155
28	Temporarily restricted net assets ...........			15,133,272	28	13,494,268
29	Permanently restricted net assets ...........			24,622,606	29	28,094,571
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances ...........			81,325,410	33	82,639,994
34	Total liabilities and net assets/fund balances ........			88,143,534	34	89,147,218

Form 990 (2014)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI ..............

Total revenue (must equal Part VIII, column (A), line 12) ............

14,449,285

Total expenses (must equal Part IX, column (A), line 25) ............

12,871,432

Revenue less expenses. Subtract line 2 from line 1 ..............

1,577,853

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..

81,325,410

Net unrealized gains (losses) on investments ...............

-239,772

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

-23,497

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))

82,639,994

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII .............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2014)

Page 13

Form 990, Special Condition Description:

Special Condition Description

Form 990 (2014)

Page 14

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations .............................

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	7,665,925	17,357,007	11,064,748	16,473,594	11,499,610	64,060,884
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	7,665,925	17,357,007	11,064,748	16,473,594	11,499,610	64,060,884
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						16,289,588
6	Public support. Subtract line 5 from line 4.						47,771,296

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..	7,665,925	17,357,007	11,064,748	16,473,594	11,499,610	64,060,884
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	285,768	198,251	204,024	223,606	321,791	1,233,440
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	5,457			3,281	9,208	17,946
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	278,517	208,193	156,592	201,874	197,407	1,042,583
11	Total support Add lines 7 through 10.						66,354,853

Gross receipts from related activities, etc. (see instructions) ..................

13,185,304

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

71.990 %

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

72.750 %

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization THE INSTITUTE OF CONTEMPORARY ART INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization THE INSTITUTE OF CONTEMPORARY ART INC

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2014

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....	16,495,334	13,042,861	10,292,117	9,889,355	9,286,769
b	Contributions ........	4,914,708	1,992,263	2,105,639	925,002	676,000
c	Net investment earnings, gains, and losses	528,829	2,035,210	1,150,105	-72,240	476,586
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........	728,000	575,000	505,000	450,000	550,000
f	Administrative expenses ....
g	End of year balance ......	21,210,871	16,495,334	13,042,861	10,292,117	9,889,355

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

93.510 %

Temporarily restricted endowment SchDMd Bullet

6.490 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

Yes

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................	56,180,619	11,888,381	44,292,238
c	Leasehold improvements ............
d	Equipment ................	4,713,941	3,351,397	1,362,544
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				45,654,782

Schedule D (Form 990) 2014

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes
LINE OF CREDIT		800,000








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		800,000
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2014

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	15,832,521
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-239,772
b	Donated services and use of facilities .........	2b	261,306
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	-55,182
e	Add lines 2a through 2d .....................			2e	-33,648
3	Subtract line 2e from line 1.....................			3	15,866,169
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	-1,416,884
c	Add lines 4a and 4b.......................			4c	-1,416,884
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	14,449,285

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	14,517,937
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a	261,306
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	1,440,381
e	Add lines 2a through 2d......................			2e	1,701,687
3	Subtract line 2e from line 1.....................			3	12,816,250
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b	55,182
c	Add lines 4a and 4b.......................			4c	55,182
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	12,871,432

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART III, LINE 1A:	COLLECTIONS CONSIST OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF A COLLECTION - FOR EDUCATION, RESEARCH OR PUBLIC EXHIBITION PURPOSES - RATHER THAN FOR SALE OR FINANCIAL GAIN. COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ICA'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS A DECREASE IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS ARE USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED 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. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THERE WERE NO PURCHASES OF ART DURING THE YEAR ENDED JUNE 30, 2015. THERE WAS ONE PURCHASE OF ART FOR THE PERMANENT COLLECTIONS DURING THE YEAR ENDED JUNE 30, 2014.
PART III, LINE 4:	IN ACCOMPLISHING THE ORGANIZATION'S MISSION IN ART EDUCATION, CONTEMPORARY ARTWORKS FROM VARIOUS ARTISTS ARE EXHIBITED TO THE GENERAL PUBLIC.
PART V, LINE 4:	THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR THE ORGANIZATION'S OPERATING EXPENSES AS DESIGNATED BY DONOR.
PART X, LINE 2:	THE ICA IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ICA RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSTION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ICA'S TAX POSITIONS AND CONCLUDED THAT THE ICA HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF JUNE 30, 2015 AND 2014. WITH FEW EXCEPTIONS, THE ICA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2012. THE ICA WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE ON AUDITED FS -55,182.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -331,663. SPECIAL EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -483,910. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -601,311.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	SPECIAL EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 483,910. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 601,311. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 331,663. LOSS ON SPLIT INTEREST AGREEMENTS 23,497.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	INVESTMENT EXP. NETTED WITH INVESTMENT REV. ON AUDITED FS 55,182.

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization
THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Part I

Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17. Form 990-EZ

filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

Yes

If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)		(ii) Activity	(iii) Did fundraiser have custody or control of contributions?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
			Yes	No
	SUSAN COURTENMANCHE 40 POWDER HORN HILL ROAD WILSON, CT06897	FUNDRAISING STRATEGY		No	0	22,218	-22,218









Total .................						22,218	-22,218

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2014

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 GALA (event type)	(b) Event #2 WINE DINNER (event type)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . .	905,818	470,200	1,376,018
2	Less: Contributions . .	826,068	433,800	1,259,868
3	Gross income (line 1 minus line 2) . . .	79,750	36,400	116,150
4	Cash prizes . . .
5	Noncash prizes . .
6	Rent/facility costs . .
7	Food and beverages .	70,058	49,355	119,413
8	Entertainment . . .	33,900		33,900
9	Other direct expenses .	236,418	94,179	330,597
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........			483,910
11	Net income summary. Subtract line 10 from line 3, column (d)...........			-367,760

Part III

Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

(a) Bingo

(b) Pull tabs/Instant
bingo/progressive bingo

(c) Other gaming

(d) Total gaming (add col.(a) through col.(c))

Gross revenue . . . .

Cash prizes . . . .

Non-cash prizes . . .

Rent/facility costs . . .

Other direct expenses . .

Volunteer labor . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d) ......... right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? ............

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2014

Page 3

Does the organization conduct gaming activities with nonmembers? .................

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? ..........................

YesNo

Indicate the percentage of gaming activities conducted in:

The organization's facility ......................

13a

An outside facility ........................

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? ......................................

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? ............................

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information (see instructions).

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2014

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred in prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JILL MEDVEDOWDIRECTOR/EX-OFFICIO/CEO	(i) (ii)	394,766 ............................... 0	25,000 ............................... 0	0 ............................... 0	21,250 ............................... 0	12,274 ............................... 0	453,290 ............................... 0	0 ............................... 0
2MICHAEL TAUBENBERGERCFO & COO	(i) (ii)	175,153 ............................... 0	10,000 ............................... 0	0 ............................... 0	9,380 ............................... 0	2,796 ............................... 0	197,329 ............................... 0	0 ............................... 0
3DAVID HENRYDIR. OF PERFORMING & MEDIA ARTS	(i) (ii)	144,215 ............................... 0	0 ............................... 0	0 ............................... 0	7,552 ............................... 0	20,471 ............................... 0	172,238 ............................... 0	0 ............................... 0
4KELLY GIFFORDDIR. OF EXTERNAL RELATIONS	(i) (ii)	129,254 ............................... 0	7,500 ............................... 0	0 ............................... 0	6,701 ............................... 0	18,210 ............................... 0	161,665 ............................... 0	0 ............................... 0

Schedule J (Form 990) 2014

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number
04-2104327

Part I

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814		05-03-2012	6,408,949	REFUNDING ISSUE		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	1,650,000
2 Amount of bonds legally defeased . . . . . . . . . . .
3 Total proceeds of issue . . . . . . . . . . . . . .	6,408,949
4 Gross proceeds in reserve funds . . . . . . . . . . . .
5 Capitalized interest from proceeds . . . . . . . . . . .
6 Proceeds in refunding escrows . . . . . . . . . . . .
7 Issuance costs from proceeds . . . . . . . . . . . .	96,449
8 Credit enhancement from proceeds . . . . . . . . . . .
9 Working capital expenditures from proceeds . . . . . . . . .	6,312,500
10 Capital expenditures from proceeds . . . . . . . . . . .
11 Other spent proceeds . . . . . . . . . . . . . .
12 Other unspent proceeds . . . . . . . . . . . . . .
13 Year of substantial completion . . . . . . . . . . . .	2006
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .	X
15 Were the bonds issued as part of an advance refunding issue? . . . . .		X
16 Has the final allocation of proceeds been made? . . . . . . . .	X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2014

Page 2

Part III

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .	X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . .	1.120 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0.500 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	1.620 %
7 Does the bond issue meet the private security or payment test? . . . . .		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? . . . . . . .	X

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X
b Exception to rebate? . . . . . . . .		X
c No rebate due? . . . . . . . .		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .	X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X
b Name of provider . . . . . . . . .
c Term of hedge . . . . . . . . . .
d Was the hedge superintegrated? . . . .
e Was the hedge terminated? . . . . . .

Schedule K (Form 990) 2014

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X
b Name of provider . . . . . . . . .
c Term of GIC . . . . . . . . . .
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference	Explanation
FORM 990, PART V:	THE AUDIT COMMITTEE FORMALLY APPROVED PROCEDURES THAT HAD BEEN IN PLACE ON MARCH 4, 2015.

Schedule K (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Information about Schedule M (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	55
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	16	792,241	FAIR MARKET VALUE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...	X	11	21,205	FAIR MARKET VALUE
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that

it must hold for at least three years from the date of the initial contribution, and which is not required to be used

for exempt purposes for the entire holding period? ..................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2014)

Page 2

Part II

Supplemental Information. Provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 33:	CONTRIBUTED ART COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS AS PERMITTED UNDER SFAS 116 (ASC 958). SCHEDULE M, PART I, COLUMN (B): THE NUMBER OF STOCK CONTRIBUTIONS IS BASED ON THE NUMBER OF GIFTS RECEIVED. THE NUMBER OF ART CONTRIBUTIONS IS BASED ON THE NUMBER OF GIFTS OF ARTWORK. THE NUMBER OF FOOD INVENTORY CONTRIBUTIONS IS BASED ON THE NUMBER OF CONTRIBUTORS.

Schedule M (Form 990) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

THE INSTITUTE OF CONTEMPORARY ART INC

Employer identification number

04-2104327

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11	FORM 990 IS REVIEWED BY THE ICA'S CFO/COO FOR COMPLETENESS AND THEN IS FORWARDED TO THE ICA'S AUDIT COMMITTEE FOR REVIEW AND DISCUSSION WITH OUTSIDE INDEPENDENT ACCOUNTANTS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR APPROVING THE FORM 990 FOR SUBMITTAL TO THE IRS. PRIOR TO SENDING THE FORM 990 TO THE IRS THE ICA'S CFO/COO WILL SEND A COPY OF THE DOCUMENT TO EACH ICA TRUSTEE.
FORM 990, PART VI, SECTION B, LINE 12C	EACH FALL, THE ICA REQUIRES ALL ITS TRUSTEES TO DISCLOSE ANY CONFLICT OF INTEREST ON A DISCLOSURE STATEMENT. THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO GIVE GUIDANCE TO THE ICA'S LEADERS ABOUT AREAS OF CONFLICT OF INTEREST SO THAT CONFLICTS, REAL OR PERCEIVED, MAY BE IDENTIFIED EARLY, DISCLOSED, AND RESOLVED APPROPRIATELY. IDEALLY, THIS POLICY WILL PROTECT THE ICA'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF AN OFFICER OR TRUSTEE. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, A FIDUCIARY SHALL DISCLOSE ALL MATERIAL FACTS TO THE PRESIDENT, CHAIRPERSON OR DIRECTOR AT THE EARLIEST POSSIBLE TIME AFTER THE SITUATION BECOMES KNOWN TO THE FIDUCIARY. THE FIDUCIARY SHALL ALSO DISCLOSE SUCH MATTERS ON AN ANNUAL BASIS AT THE TIME THE FIDUCIARY SIGNS THE ANNUAL STATEMENT OF THIS POLICY, OR OTHER REPORTING AND CERTIFICATION PROCEDURES AS THE BOARD OF TRUSTEES SHALL REQUIRE FROM TIME TO TIME. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE FIDUCIARY, THE EXECUTIVE COMMITTEE OF THE BOARD SHALL FINALLY DETERMINE WHETHER ANY CONFLICT OF INTEREST EXISTS. IF THE FIDUCIARY IS PRESENT FOR THIS DISCUSSION, THEN THE FIDUCIARY SHALL LEAVE THE EXECUTIVE COMMITTEE OF THE BOARD MEETING WHILE THE DETERMINATION OF CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. IF THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THAT A CONFLICT EXISTS WITH RESPECT TO A TRANSACTION, THE EXECUTIVE COMMITTEE OF THE BOARD SHALL: (A)ALLOW THE FIDUCIARY TO MAKE A PRESENTATION TO THE EXECUTIVE COMMITTEE OF THE BOARD, BUT AFTER SUCH PRESENTATION, THE FIDUCIARY WITH THE FINANCIAL INTEREST SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION THAT INVOLVES THE CONFLICT OF INTEREST; (B)APPOINT, IF THE EXECUTIVE COMMITTEE OF THE BOARD DEEMS IT APPROPRIATE TO DO SO, A NON INTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION; (C)DETERMINE, BY A MAJORITY VOTE OF THE NON INTERESTED TRUSTEE MEMBERS OF THE EXECUTIVE COMMITTEE PRESENT, WHETHER THE TRANSACTION IS IN THE ICA'S BEST INTEREST AND FOR ITS OWN BENEFIT; IS FAIR AND REASONABLE TO THE ICA; AND, AFTER EXERCISING DUE DILIGENCE, DETERMINE WHETHER THE ICA CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES; AND (D)TAKE APPROPRIATE ACTION WITH RESPECT TO ANY VIOLATION OF THIS CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION FOR THE DIRECTOR IS REVIEWED AND APPROVED BY THE ICA'S COMPENSATION COMMITTEE. THIS COMMITTEE ALSO REVIEWS THE COMPENSATION FOR THE ICA'S SENIOR MANAGEMENT TEAM (CHIEF OPERATING AND CHIEF FINANCIAL OFFICERS, CHIEF CURATOR, DIRECTOR OF EXTERNAL RELATIONS, DIRECTOR OF DEVELOPMENT, DIRECTOR OF EDUCATION AND DIRECTOR OF PERFORMING AND MEDIA ARTS) BUT FINAL COMPENSATION FOR THE SENIOR MANAGEMENT TEAM IS DETERMINED BY THE DIRECTOR. THE COMPENSATION COMMITTEE USES THE ANNUAL SALARY SURVEY FROM THE AMERICAN ASSOCIATION OF MUSEUM DIRECTORS AND FORM 990 DATA FROM SIMILAR ORGANIZATIONS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
FORM 990, PART XI, LINE 9:	LOSS ON SPLIT INTEREST AGREEMENTS -23,497.
FORM 990, PART III, LINE 4A CONTINUATION:	SONIC ARBORETUM: SCULPTURE BY IAN SCHNELLER/ SOUND BY ANDREW BIRD WEST GALLERY, FEBRUARY 4 - MAY 10, 2015 SONIC ARBORETUM IS AN IMMERSIVE INSTALLATION THAT REFLECTS ON SOUND'S INTERACTION WITH THE NATURAL WORLD. A COLLABORATION BETWEEN THE SCULPTOR AND INSTRUMENT-MAKER IAN SCHNELLER AND THE COMPOSER AND VIOLINIST ANDREW BIRD, THE INSTALLATION CONSISTS OF 34 HORN SPEAKERS AND NUMEROUS TUBE AMPLIFIERS CRAFTED BY SCHNELLER THAT PLAY ECHOLOCATIONS, A 50-MINUTE PIECE COMPOSED BY BIRD. SCHNELLER CONSTRUCTS THE MAJESTIC HORNS FROM RECYCLED NEWSPRINT AND DRYER LINT, BAKING SODA, AND SHELLAC AND THEN ATTACHES THEM TO HIS HANDMADE TUBE AMPLIFIERS. PAINTED IN BRIGHT COLORS, THEY BRING TO MIND FLOWERS OR RARE BOTANICAL SPECIMENS CLUSTERED TOGETHER TO FORM A KIND OF SCULPTURAL GARDEN IN THE GALLERY. SCHNELLER DEVELOPED THE SPEAKERS FOR INSTRUMENTS-LIKE THE VIOLIN, HARMONICA, AND BANJO-THAT ARE DIFFICULT TO AMPLIFY. DESIGNED WITH OCTAGONAL FLUTES, THE HORNS ALLOW SOUND WAVES TO EXPAND AS NATURALLY AS POSSIBLE, PRODUCING A DRAMATIC SPATIAL EFFECT THROUGH THE MAGNIFICATION OF SOUND. SONIC ARBORETUM IS ORGANIZED BY RUTH ERICKSON, ASSISTANT CURATOR MELEKO MOKGOSI: DEMOCRATIC INTUITION PAUL AND CATHERINE BUTTENWIESER GALLERY, APRIL 21 - AUGUST 9, 2015 THE MULTI-PANEL INSTALLATIONS OF BOTSWANA-BORN NEW YORK ARTIST MELEKO MOKGOSI COMBINE IMAGES REFERRING TO SOUTHERN AFRICA'S PAST WITH DEPICTIONS OF ITS PRESENT IN ORDER TO EXPLORE PHILOSOPHICAL AND POLITICAL THEMES WITH CROSS-CULTURAL RESONANCES. THE PAINTINGS EXHIBITED HERE CONSTITUTE THE INTRODUCTORY CHAPTER ("EXORDIUM") OF A LARGER PROJECT TITLED DEMOCRATIC INTUITION. THE TITLE AND ITS UNDERLYING CONCEPT ARE INSPIRED BY THE WORDS OF PHILOSOPHER AND ACTIVIST GAYATRI SPIVAK, WHOSE 2013 LECTURE AT THE CENTER FOR THE STUDY OF DEVELOPING SOCIETIES IN DELHI, INDIA, POSITED THAT DEMOCRACY DEPENDS ON INDIVIDUALS RECOGNIZING THE ABILITY OF OTHERS TO PERFORM INTELLECTUAL LABOR FOR THE BENEFIT OF SOCIETY. FOR MOKGOSI, THE "INTUITION" IN "DEMOCRATIC INTUITION" REFERS TO TIMES WHEN THIS RECOGNITION OF OTHERS FUNCTIONS AS AN INSTINCTIVE PRACTICE, RATHER THAN A MERE THEORY. MOKGOSI ADDRESSES CLASS AND GENDER INEQUALITIES THROUGH THE DEPICTION OF VARIOUS FORMS OF LABOR, BOTH MANUAL AND CEREBRAL. WOMEN IN HOUSEKEEPING AND CITY COUNCIL UNIFORMS JUXTAPOSED WITH A MAN IN A BUSINESS SUIT HIGHLIGHT HOW INDIVIDUALS OCCUPY, NEGOTIATE, AND REPRODUCE SOCIOECONOMIC POSITIONS THROUGH THE WORK THEY PERFORM. THE IMAGES ALSO INVESTIGATE RESTRICTIONS ON THE RIGHTS OF PARTICULAR CLASSES OF PEOPLE TO PERFORM WORK INVOLVING ABSTRACT THOUGHT. SUCH LIMITATIONS ARE CLEARLY NOT UNIQUE TO SOUTHERN AFRICA, BUT PERVASIVE THROUGHOUT THE WORLD. DEMOCRATIC INTUITION INVITES VIEWERS TO CONSIDER THE WAYS IN WHICH INTELLECTUAL LABOR IS DENIED-AND DEMOCRACY THEREBY COMPROMISED-IN THEIR OWN SOCIETIES. -DAVIDA FERNANDEZ-BARKAN, CURATORIAL ASSISTANT 2015 JAMES AND AUDREY FOSTER PRIZE FOTENE DEMOULAS GALLERY, APRIL 21 - AUGUST 9, 2015 THE 2015 JAMES AND AUDREY FOSTER PRIZE KIJIDOME, RICARDO DE LIMA, VELA PHELAN, SANDRINE SCHAEFER THE JAMES AND AUDREY FOSTER PRIZE IS A BIENNIAL EXHIBITION RECOGNIZING EXCEPTIONAL ARTISTS FROM GREATER BOSTON. THIS YEAR, THE EXHIBITION CELEBRATES ARTISTS WHOSE WORK IS FOCUSED ON COLLECTIVE AND COLLABORATIVE ENDEAVORS, ARTIST-INITIATED EVENTS SUCH AS FILM AND MUSIC FESTIVALS, AND PERFORMANCE. IN SHORT, THE FOUR PRIZE RECIPIENTS (THREE INDIVIDUALS AND ONE COLLECTIVE) MAKE WORK THAT IS NOT CONFINED OR CATEGORIZED ACCORDING TO TRADITIONAL PARAMETERS, SUCH AS PAINTING AND SCULPTURE. THE 2015 FOSTER PRIZE LOOKS TO A NASCENT BOSTON ART SCENE, REINFORCING THE PRIZE'S CONTINUED COMMITMENT TO BRINGING RELEVANT AND VIBRANT ARTISTIC APPROACHES TO A WIDER AUDIENCE. JOHN ANDRESS, ASSOCIATE DIRECTOR OF PERFORMING ARTS, AND JENELLE PORTER, MANNION FAMILY SENIOR CURATOR. ARLENE SHECHET: ALL AT ONCE WEST GALLERY, JUNE 10 - SEPTEMBER 7, 2015 THE FIRST SURVEY OF THE SCULPTOR ARLENE SHECHET'S CAREER, THIS EXHIBITION PRESENTS OVER TWENTY YEARS OF WORK IN A DIVERSITY OF MATERIALS-PLASTER, CAST PAPER, GLASS, AND CERAMIC-ALL OF WHICH INFORM AND DIRECT ONE ANOTHER. THROUGHOUT HER WORKING LIFE, SHECHET HAS EMBRACED THE CHANCE PROCESSES DICTATED BY MATERIALS THAT CHANGE FROM ONE STATE TO ANOTHER BEFORE SOLIDIFYING AS A FINISHED OBJECT. SHE EXPLAINS THAT WORKING WITH SUCH VARIABLE MATERIALS IS LIKE STOPPING TIME, CREATING A PAUSE, IN ORDER TO GENERATE NEW WAYS TO LOOK AT THINGS." THE SURVEY BEGINS WITH ARTWORKS MADE IN THE 1990S. THEN A DECADE INTO AN ART AND TEACHING CAREER, SHECHET BEGAN TO USE QUICK-DRYING PLASTER TO CREATE EVOCATIVE YET FORMLESS SHAPES. SHE SAW ONE SHAPE AS A SEATED BUDDHA AND, INTERESTED IN BOTH THE FORMAL PROPERTIES OF BUDDHA SCULPTURES AND THE VOCABULARY OF EASTERN ASIAN ART, FOLLOWED IT WITH A NUMBER OF BUDDHA-LIKE SHAPES. HER CLOSE STUDY OF EASTERN ICONOGRAPHY LED TO PAPER WORKS, INCLUDING A SERIES OF CAST-PAPER VESSELS IN WHICH SHE REFERENCES BLUE-AND-WHITE PORCELAIN WARE BY INCORPORATING BLUEPRINT RENDERINGS OF SACRED BUDDHIST RELIC SITES KNOWN AS STUPAS. DURING THE LAST DECADE, SHECHET HAS GENERATED A BODY OF WORK REMARKABLE FOR ITS EMBRACE OF CLAY-A MEDIUM OFTEN OVERLOOKED IN MAINSTREAM ART DISCOURSES BECAUSE OF ITS ASSOCIATIONS WITH CRAFT AND DOMESTICITY. LONG INVOLVED WITH DRAWING, SHECHET FOUND CLAY TO BE A "THREE-DIMENSIONAL DRAWING MATERIAL" AS WELL AS A MEDIUM WITH A CAPTIVATING CULTURAL AND SOCIAL HISTORY. NOW SEVERAL YEARS INTO A COMMITMENT TO SCULPTURE IN CERAMIC, SHECHET DEMONSTRATES HER AUTHORITY BY PUSHING THE MEDIUM'S VERY LIMITS. "WHAT CAN SCULPTURE DO?" SHE ASKS TIME AND AGAIN. SHECHET'S BRINKMANSHIP AS SHE CHALLENGES CLAY'S MOST INTRINSIC QUALITIES IS GENERATIVE FOR HER. IN CLAY SHE FINDS THE MATERIAL THAT ALLOWS FOR THE MOST UNMEDIATED EXPERIENCE WITH ART. ORGANIZED BY JENELLE PORTER, FORMER MANNION FAMILY SENIOR CURATOR.
FORM 990, PART III, LINE 4C CONTINUATION:	COMMUNITY PROGRAMS & PARTNERSHIPS (SELECT) THE ICA COLLABORATED WITH NUMEROUS ORGANIZATIONS THROUGHOUT FISCAL YEAR 2015. BELOW IS A LIST OF SELECT PARTNER ORGANIZATIONS. PROGRAMS INCLUDE, FOR EXAMPLE, FREE FUN FRIDAY (2,213 PARTICIPANTS); BOSTON CHILDREN'S HOSPITAL (56 PARTICIPANTS); AND MAKE/MADE, A PROGRAM IN COLLABORATION WITH THE MASSACHUSETTS COLLEGE OF ART AND DESIGN AND ALSO ARTISTS WES BRUCE AND EKUA HOLMES (4,691 PARTICIPANTS). - AMERICAN INSTITUTE OF GRAPHIC ARTS - ARTZ: ARTISTS FOR ALZHEIMER'S (X4) - BERKMAN CENTER FOR THE INTERNET & SOCIETY, HARVARD UNIVERSITY - BOSTON AFTERSCHOOL & BEYOND - BOSTON AREA SPINNERS AND DYERS - BOSTON CHILDREN'S CHORUS - BOSTON CHILDREN'S HOSPITAL OUTREACH PROGRAM (X4) - BOSTON PUBLIC SCHOOLS - BROOKE CHARTER SCHOOLS - COMMUNITY ART CENTER / DO IT YOUR DAMN SELF!! NATIONAL YOUTH VIDEO AND FILM FESTIVAL - HARVARD GRADUATE SCHOOL OF EDUCATION - HIGHLAND STREET FOUNDATION FREE FUN FRIDAY - LABOURE CENTER - MASSACHUSETTS COLLEGE OF ART AND DESIGN - MASSACHUSETTS LITERARY AND PERFORMANCE COLLECTIVE - PERRY SCHOOL - PRESIDENT'S COMMITTEE ON THE ARTS AND HUMANITIES - ROSIE'S PLACE - UNIVERSITY OF MASSACHUSETTS, BOSTON/URBAN SCHOLARS PROGRAM - URBANITY DANCE - URBANO PROJECT - WEAVERS GUILD OF BOSTON - ZUMIX TOUR PROGRAMS OUR PUBLIC AND PRIVATE TOUR PROGRAMS SERVED THE FOLLOWING NUMBER OF PARTICIPANTS IN FY15: 12,002

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version: