Form990
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Department of the TreasuryInternal 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)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 07-01-2015 , and ending 06-30-2016
BCheck if applicable:
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)
25 HARBOR SHORE DRIVE
 
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 $ 18,189,256
F Name and address of principal officer:
JILL MEDVEDOW
25 HARBOR SHORE DRIVE
BOSTON,MA02210
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.ICABOSTON.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1936
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O FOR DESCRIPTION.THE MISSION OF THE INSTITUTE OF CONTEMPORARY ART (ICA) 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 MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 34
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 33
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 246
6 Total number of volunteers (estimate if necessary) ............. 6 125
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a -6,148
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b -6,148
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 11,499,610 10,552,512
9 Program service revenue (Part VIII, line 2g) ......... 1,993,478 2,225,144
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 823,783 645,280
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 132,414 140,396
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 14,449,285 13,563,332
Expenses; 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) 6,162,440 6,634,474
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 22,218 26,000
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet2,904,280    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 6,686,774 11,293,051
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 12,871,432 17,953,525
19 Revenue less expenses. Subtract line 18 from line 12....... 1,577,853 -4,390,193
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 89,147,218 83,133,157
21 Total liabilities (Part X, line 26)............. 6,507,224 5,764,522
22 Net assets or fund balances. Subtract line 21 from line 20..... 82,639,994 77,368,635
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.
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Date
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Firm's name MediumBullet
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Cat. No. 11282Y Form 990 (2015)
Form 990 (2015)
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 ..............
1
Briefly describe the organization’s mission: THE MISSION OF THE INSTITUTE OF CONTEMPORARY ART (ICA) 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
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
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 $ 7,649,516 including grants of $   ) (Revenue $ 1,312,028 )
ART EXHIBITIONS:GALLERY PRESENTATIONS: THE ICA PRESENTED THE FOLLOWING 15 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 160,651 VISITORS IN FY16. THE 2015 JAMES AND AUDREY FOSTER PRIZEAPR 21 - AUG 9, 2015, FOTENE DEMOULAS GALLERYPERFORMANCE, PUBLIC ART PROJECTS, AND ARTIST-RUN GALLERIES ARE ENJOYING A RESURGENCE IN BOSTON. TO GIVE THESE MOVEMENTS SPACE, EXPOSURE, AND SUPPORT, THE ICA IS - FOR THE FIRST TIME - DEVOTING THIS YEAR'S JAMES AND AUDREY FOSTER PRIZE, A BIENNIAL EXHIBITION RECOGNIZING ARTISTS OF EXCEPTIONAL PROMISE FROM GREATER BOSTON, TO PERFORMANCE AND COLLABORATIVE MODES OF ART-MAKING.TO SELECT THE EXHIBITION ARTISTS, CO-ORGANIZERS JENELLE PORTER, MANNION FAMILY SENIOR CURATOR, AND JOHN ANDRESS, ASSOCIATE DIRECTOR OF PERFORMING ARTS, MET WITH DOZENS OF ARTISTS, CURATORS, AND OTHER EXPERTS, THEN INVITED A SELECTION OF LOCAL ARTISTS AND COLLECTIVES TO SUBMIT PROPOSALS. OF THOSE, THEY CHOSE FOUR WINNERS TO REALIZE PROJECTS OF UNPRECEDENTED SCOPE AND SCALE WITH THE SUPPORT OF THE MUSEUM: RICHARD DELIMA, KIJIDOME, VELA PHELAN, AND SANDRINE SCHAEFER.THE JAMES AND AUDREY FOSTER PRIZE IS KEY TO THE ICA'S EFFORTS TO NURTURE AND RECOGNIZE BOSTON-AREA ARTISTS OF EXCEPTIONAL PROMISE. FIRST ESTABLISHED IN 1999, THE JAMES AND AUDREY FOSTER PRIZE (FORMERLY THE ICA ARTIST PRIZE) EXPANDED ITS FORMAT WHEN THE MUSEUM OPENED ITS NEW FACILITY IN 2006. JAMES AND AUDREY FOSTER, PASSIONATE COLLECTORS AND SUPPORTERS OF CONTEMPORARY ART, ENDOWED THE PRIZE WITH A $1 MILLION GIFT, ENSURING THE ICA'S ABILITY TO SUSTAIN AND GROW THE PROGRAM FOR YEARS TO COME.ORGANIZED BY JENELLE PORTER, MANNION FAMILY SENIOR CURATOR AND JOHN ANDRESS, CURATOR OF PERFORMING ARTS.MELEKO MOKGOSI: DEMOCRATIC INTUITIONAPR 21 - AUG 9, 2015, PAUL AND CATHERINE BUTTENWIESER GALLERYAFRICAN HISTORY MEETS WESTERN FORMS OF EXPRESSION IN THE WORK OF MELEKO MOKGOSI. WORKING FROM PHOTOS AND CLIPPINGS FROM HIS NATIVE BOTSWANA, THE NEW YORK-BASED ARTIST CREATES SCENES THAT INVESTIGATE SOUTHERN AFRICA'S PAST AND PRESENT.WHILE MOKGOSI REFERENCES HISTORY PAINTING, FILM, AND PHILOSOPHY TO CREATE HIS POWERFUL WORKS, THE RESULTS ARE DISTINCTIVELY HIS. KEENLY REALISTIC DEPICTIONS OF PEOPLE, DOMESTIC DOGS, AND ANIMALS NATIVE TO AFRICA FADE INTO MORE ABSTRACT SETTINGS, OR EVEN OPEN WHITE SPACE. MONUMENTAL AND HUNG IN IMMEDIATE, FILMSTRIP-LIKE SUCCESSION, THESE IMAGES CHALLENGE COMMON UNDERSTANDINGS OF HISTORY, COUNTRY, AND REPRESENTATION.IN DEMOCRATIC INTUITION, MOKGOSI WILL PRESENT A NEW BODY OF WORK CREATED ESPECIALLY FOR THE EXHIBITION. DIVIDED INTO FIVE SECTIONS, THE WORKS OFFER FIVE DIFFERENT PERSPECTIVES ON DEMOCRACY.THE SERIES TITLE REFERS TO A LECTURE BY PHILOSOPHER AND ACTIVIST GAYATRI CHAKRAVORTY SPIVAK, WHO SUGGESTS THAT TO RECOGNIZE THE ABILITY OF OTHER INDIVIDUALS AND THEIR CHILDREN TO THINK ABSTRACTLY AND TAKE PART IN CIVIC LIFE IS INHERENTLY DEMOCRATIC. MOKGOSI IS INTERESTED IN THE PURSUIT OF RECOGNITION AS BOTH A PRIMARY GOAL OF SUPPRESSED PEOPLES AND THE ESSENCE OF ARTISTIC EXPRESSION.MOKGOSI CURRENTLY LIVES IN NEW YORK. HIS WORK HAS BEEN EXHIBITED AT INSTITUTIONS SUCH AS THE BOTSWANA NATIONAL GALLERY, THE STUDIO MUSEUM IN HARLEM, AND THE YERBA BUENA CENTER FOR THE ARTS. HE WAS FEATURED IN THE ARMAND HAMMER MUSEUM OF ART AND CULTURAL CENTER'S FIRST MADE IN L.A. BIENNIAL IN 2012, WHERE HE RECEIVED THE PRESTIGIOUS MOHN AWARD. THIS IS HIS FIRST SOLO MUSEUM EXHIBITION.ORGANIZED BY ANNA STOTHART, ASSISTANT CURATOR.ARLENE SHECHET: ALL AT ONCEJUN 10 - SEP 7, 2015, WEST GALLERYTHE FIRST MUSEUM SURVEY OF SCULPTOR ARLENE SHECHET, THIS MAJOR EXHIBITION FEATURES OVER 150 OBJECTS THAT TRACE THE DEVELOPMENT OF HER INNOVATIVE PRACTICE OVER THE PAST 20 YEARS. FOR HER ENTIRE CAREER, SHECHET HAS EMBRACED AN EXPERIMENTAL APPROACH TO SCULPTURE, FINDING FORM IN THE CHANCE PROCESSES THAT OCCUR AS MUTABLE MATERIALS - SUCH AS PLASTER, CERAMIC, PAPER PULP AND GLASS-BECOME SOLID. HER EXHILARATING, POLYMORPHIC SCULPTURES TEST THE LIMITS OF COLOR AND GLAZE, CREATING HIGHLY VISCERAL SURFACES AND PAINTERLY EFFECTS.SHECHET HAS, OVER THE LAST DECADE, GENERATED A BODY OF WORK REMARKABLE FOR ITS USE OF CLAY. FASCINATED BY THE MATERIAL'S HISTORY, SHECHET RECENTLY COMPLETED A RESIDENCY AT THE RENOWNED MEISSEN PORCELAIN MANUFACTORY. THE RESULTING BODY OF WORK - INCLUDING MASH-UPS OF FUNCTIONAL OBJECTS AND WHIMSICAL FIGURINES - SHOW AN ARTIST AT THE TOP OF HER FORM: RECASTING CENTURIES OLD TRADITIONS INTO HER OWN MOLD.ORGANIZED BY JENELLE PORTER, MANNION FAMILY SENIOR CURATOR.ETHAN MURROW: SEASTEAD JUL 11, 2015 - NOV 27, 2016, SANDRA AND GERALD FINEBERG ART WALLIN THE NINE YEARS SINCE THE ICA OPENED ON THE WATERFRONT, CURATORS HAVE INVITED A SERIES OF LEADING CONTEMPORARY ARTISTS TO PROPOSE AND REALIZE MONUMENTAL, SITE-SPECIFIC WORKS ON THE MUSEUM'S SPRAWLING SANDRA AND GERALD FINEBERG ART WALL.IN CONSIDERING WHOM TO FEATURE NEXT, PROJECT CURATOR RUTH ERICKSON SAYS SHE WAS DRAWN TO BOSTON ARTIST ETHAN MURROW'S VIRTUOSIC DRAWING ABILITY AND HIS "LONGSTANDING INTEREST IN LANDSCAPES AS SUBJECTS OF IMMENSE BEAUTY AND POWER." A PROFESSOR OF PAINTING AT THE SCHOOL OF THE MUSEUM OF FINE ARTS, MURROW IS WELL KNOWN FOR PHOTO-REALISTIC GRAPHITE DRAWINGS THAT COMBINE FOUND AND INVENTED IMAGERY TO FORM UNEXPECTED SCENES DRENCHED WITH HUMOR AND IRONY. HE DESCRIBES HIMSELF AS A STORYTELLER INSPIRED BY SUCH SOURCES AS AMERICAN LANDSCAPE PAINTING, 19TH-CENTURY INVENTORS, MOBY DICK, AND HIS CHILDHOOD EXPERIENCES GROWING UP ON A FARM IN RURAL VERMONT. "I MAKE WORK THAT DEALS WITH THE TENDER LINE BETWEEN THE FOOL AND THE GENIUS AND SITUATIONS THAT EXAMINE THE FRAGILE, ABSURD, AND INTRACTABLE FACT OF OUR OWN MISSTEPS UPON THE LAND AND AMONGST ONE ANOTHER," HE SAYS.IN RECENT YEARS, MURROW HAS UNDERTAKEN A SERIES OF INCREASINGLY AMBITIOUS WALL DRAWINGS. THESE LARGE-SCALE TEMPORARY PIECES IN BALLPOINT PEN OR MARKER EXPAND THE ARTIST'S LABORIOUS DRAWING PROCESS INTO THE REALMS OF INSTALLATION AND ARCHITECTURE.FOR HIS ORIGINAL WORK AT THE ICA, ERICKSON ASKED HIM TO THINK ABOUT AND RESPOND TO THE ICA AS A SITE WITHIN A RAPIDLY CHANGING CITY AND LANDSCAPE.ORGANIZED BY RUTH ERICKSON, ASSOCIATE CURATOR.TRANSCENDING MATERIAL: ICA COLLECTIONJUL 23, 2015 - JUL 17, 2016, KIM AND JIM PALLOTTA GALLERYSCULPTURE TODAY IS AN EXPANSIVE MEDIUM THAT INCLUDES A RANGE OF PHENOMENA, FORMS, TECHNIQUES, AND MATERIALS; THE CATEGORY INCLUDES DISCRETE OBJECTS, INSTALLATIONS, STAGED VIDEO DISPLAYS, AND EVEN PERFORMANCE. THIS DISPLAY OF COLLECTION WORKS BRINGS TOGETHER PIECES BY A VARIETY OF ARTISTS WHO HAVE USED COMMONPLACE MATERIALS IN NEW WAYS. MANY EMPLOY EVERYDAY MATERIALS SUCH AS PINS, GLASS, AND WOOD, TRANSCENDING THEIR ORIGINAL FUNCTION TO SUGGEST NEW MATERIAL ASSOCIATIONS. OTHERS USE FOUND OBJECTS AND IMAGES TO INVESTIGATE SOCIO-POLITICAL CONTEXTS, CREATING NEW NARRATIVES FOR THOSE OBJECTS.YET OTHER ARTISTS PROBE THE COMPLEX RELATIONSHIP OF RENDERING THREE-DIMENSIONAL FORMS IN TWO-DIMENSIONAL MOVING AND STILL IMAGE. THESE THEMATIC THREADS, AMONG OTHERS, REFLECT THE EXPANSIVE VITALITY AND DIVERSITY OF OBJECT-MAKING TODAY. INCLUDED WILL BE WORKS FROM MARK BRADFORD, TAYLOR DAVIS, TARA DONOVAN, KADER ATTIA, RACHEL HARRISON, CHARLES LEDRAY, ROY MCMAKIN, AND JOSIAH MCELHENY, AMONG OTHERS.ORGANIZED BY EVA RESPINI, BARBARA LEE CHIEF CURATORMONA HATOUMAUG 26 - NOV 29, 2015, PAUL AND CATHERINE BUTTENWIESER GALLERYOVER THE PAST THREE DECADES, LEBANESE-BORN PALESTINIAN ARTIST MONA HATOUM (B. 1952, BEIRUT) HAS EXPLORED THE FINE LINE BETWEEN THE FAMILIAR AND THE UNCANNY IN HER VISCERAL BODY OF WORK. THROUGH THE JUXTAPOSITION OF CONTRADICTORY MATERIALS, CHANGES OF SCALE, OR THE INTRODUCTION OF UNCHARACTERISTIC ELEMENTS, SHE INFUSES COMMONPLACE AND EVEN BANAL OBJECTS WITH AN ELEMENT OF DANGER, REFERENCES TO VIOLENCE, OR THE CAPABILITY TO INFLICT BODILY HARM. IN DOING SO, HATOUM ENGAGES THE TACTILE IMAGINATION, HER SCULPTURES, PHOTOGRAPHS, AND VIDEOS INCITE VIEWERS TO IMAGINE THEIR OWN BODIES IN RELATION TO THESE UNRULY OBJECTS. THE MYRIAD AND OFTEN-CONFLICTING ALLUSIONS SPEAK BOTH TO THE HISTORY OF CONFLICT IN THE ARTIST'S HOMELAND AND TO THE COMFORT AND SAFETY PROVIDED BY THE DOMESTIC REALM. MONA HATOUM IS DRAWN ENTIRELY FROM THE ICA'S BARBARA LEE COLLECTION OF ART BY WOMEN.ORGANIZED BY BRYAN BARCENA, CURATORIAL ASSISTANT.
4b (Code:   ) (Expenses $ 1,552,310 including grants of $   ) (Revenue $ 208,210 )
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 FY16 WE PRESENTED 46 PERFORMANCES BY THE FOLLOWING PERFORMERS, ARTISTS AND ENSEMBLE COMPANIES. ATTENDANCE AT THESE PERFORMANCES TOTALED 16,421. DANCE/THEATER- FAYE DRISCOLL: THANK YOU FOR COMING: ATTENDANCE- THE BANG GROUP: NUT/CRACKED- DANIEL MCCUCKER DANCE PROJECTS, NAVARASA DANCE THEATER, JEAN APPOLON EXPRESSIONS, WENDY JEHLEN AND LACINA COULIBALY: DANCE! DANCE! DANCE! DANCE!- TRAJAL HARRELL: ANTIGONE SR./TWENTY LOOKS OR PARIS IS BURNING AT THE JUDSON CHURCH (L)- A CANARY TORSI: COURT/GARDEN- WORLD MUSIC/CRASHARTS PRESENTS - DOUG VARONE AND DANCERS: RECOMPOSED, THE FABULIST, AND LUX - THIS IS TANGO NOW: CARMEN... DE BUENOS AIRES - COMPAGNIE HERVE KOUBI: CE QUE LE JOUR DOIT A LA NUIT (WHAT THE DAY OWES THE NIGHT) - COMPANHIA URBANA DE DANCAMUSIC- HARBORWALK SOUNDS PERFORMANCES: - MAD SATTA - RIPE - OH MALO / LILY BURNS - WAMBURA MITARU AND THE MAUA - COVEY - ZAHILI GONZALEZ ZAMORA PROJECT - GREY SEASON - IRIS LUNE- WAVELENGTHS PERFORMANCES: - MARTHA WAINWRIGHT/ZS - HOW TO DRESS WELL - !!! (DJ SET) - PICO PICANTE/OTTO VON SCHIRACH - LUCIUS - MYKKI BLANCO - KINGDOM- JOHN ZORN'S SIMULACRUM- ENSEMBLE INTERCONTEMPORAIN: JOHN CAGE AND PIERRE BOULEZ: CORRESPONDENCE- KID KOALA: NUFONIA MUST FALL- KID KOALA (DJ SET)- RUDRESH MAHANTHAPPA: BIRD CALLS- ASAF AVIDAN: INTO THE LABYRINTH- SOUND ICON, CONDUCTED BY JEFFREY MEANS, PERFORM PIERRE BOULEZ'S ANTHEMES 2, BEAT FURRER'S GASPRA AND ARIA, AND TRISTAN MURAIL'S L'ESPRIT DES DUNES- THE JACK QUARTET PERFORM CHAYA CZERNOWIN'S HIDDEN AND JONATHAN HARVEY'S 4TH QUARTETSPECIAL EVENTS- JESSE KAMINSKY: FIELD SERVICE RADIO- SANDRINE SCHAEFER: EXERCISES IN PROXIMITY-SEE/SEA- KIJIDOME: HELLO FOLLY, PERFORMED BY PAT OLESZKO- VELA PHELAN: OBSCURUS NOVENAS: VIII. OBSCURUS COMMONEO- RICARDO DE LIMA: ALL VISUAL BOSTON- RICARDO DE LIMA: ADJUNCT COMMUTER WEEKLY LAUNCH- VELA PHELAN: OBSCURUS NOVENAS: IX. OBSCURUS EXITUS- SANDRINE SCHAEFER: EXERCISES IN ARCHIVING-GIVING/LEAVING- BOSTON CONSERVATORY STUDENTS PERFORM EXCERPTS OF WORK BY MERCE CUNNINGHAM- PERFORMANCE BY HARVARD STUDENTS EXPERIMENTING WITH CUNNINGHAM CHOREOGRAPHIC IDEAS- THEATER PIECE NO.1 X 50: MUSIC LISTENS BACK- THEATER PIECE NO.1 X 50: THEATER PIECE NO.1 REVISITED- POLLY MOTLEY PERFORMS KATHERINE LITZ'S THE GLYPH- THEATER PIECE NO.1 X 50: POETS IN EXPHRASIS- THEATER PIECE NO.1 X 50: PERFORMANCE ART WORKSHOP- THEATER PIECE NO.1 X 50: PASSING TIME- ELAINE ROMBOLA PERFORMS SELECTIONS FROM JOHN CAGE'S SONATAS AND INTERLUDES- SILAS RIENER PERFORMS MERCE CUNNINGHAM'S CHANGELING- WALID RAAD: SCRATCHING ON THINGS I COULD DISAVOW: WALKTHROUGH- ON DISPLAY: A MOVEMENT INSTALLATION BY HEIDI LATSKYIN FY16 WE PRESENTED 38 SCREENINGS OF THE FOLLOWING FILMS. ATTENDANCE AT THESE SCREENINGS TOTALED 4,072. FILM- THE SECRET IN THEIR EYES - JOSE CAMPANELLA- PEGGY GUGGENHEIM: ART ADDICT - LISA IMMORDINO VREELAND- HERE COME THE VIDEOFREEX! - JON NEALON AND JENNY RASKIN- BOSTON JEWISH FILM FESTIVAL: - SHORTS PROGRAM - BULGARIAN RHAPSODY - IVAN NICHEV - CENSORED VOICES - MOR LOUSHY - THOSE PEOPLE - JOEY KUHN - RABIN IN HIS OWN WORDS - EREZ LAUFER - NAN GOLDIN: I REMEMBER YOUR FACE - SABINE LIDL - DO YOU BELIEVE IN LOVE? - DAN WASSERMAN- STATION TO STATION - DOUG AITKEN- BRITISH ARROWS - BRITISH TELEVISION ADVERTISING AWARDS- BEST OF THE OTTAWA INTERNATIONAL FILM FESTIVAL- SUNDANCE FILM FESTIVAL SHORTS- OSCAR-NOMINATED SHORT FILMS: LIVE ACTION, ANIMATION, AND DOCUMENTARY PROGRAMS- BLACK RADICAL IMAGINATION, TOURING SHORT FILM PROGRAM CURATED BY ERIN CHRISTOVALE AND AMIR GEORGE, PRESENTED IN COLLABORATION WITH SWEETY'S- DISTANT - ZHENGFAN YANG- MONSOON, PRAYERS, AND NEW ROUTES: URBAN ISLAND ACROSS THE INDIAN OCEAN AND BEYOND, SHORT FILM PROGRAM CURATED BY GEOFFREY FARMER- EVA HESSE - MARCIE BEGLEITER- OPENING OF THE NATIONAL CENTER FOR JEWISH FILM'S 19TH ANNUAL FILM FESTIVAL: HERNAN FINDLING AND OLIVER KOLKER: TANGO GLORIES
4c (Code:   ) (Expenses $ 1,331,501 including grants of $   ) (Revenue $ 58,409 )
ADULT, FAMILY, TEEN AND COMMUNITY PROGRAMS:ADULT PROGRAMS SERVED A TOTAL OF 5,373 PEOPLE, INCLUDING GALLERY TALKS, POP UP TALKS, AND LECTURES (THE ARTIST'S VOICE, ICA FORUMS). SELECT LECTURES IN FY16 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. AN ADDITIONAL 13,192 INDIVIDUALS PARTICIPATED IN GUIDED AND SELF-GUIDED TOURS AT THE ICA.ADULT PROGRAMSEXHIBITION RELATED PROGRAMSICA COLLECTION: IN CONTEXTOCT 22, 2014 - JUL 19, 2015 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENTTHE 2015 JAMES AND AUDREY FOSTER PRIZEAPR 21 - AUG 9, 2015 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO AND VIDEO TOUR CONTENTMELEKO MOKGOSI: DEMOCRATIC INTUITIONAPR 21 - AUG 9, 2015 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENTARLENE SHECHET: ALL AT ONCEJUNE 10 - SEP 7, 2015 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO AND CONTEMPORARY ART 101 - GALLERY TALK: EZRA SHALES ON ARLENE SHECHET - GALLERY TALK: ARLENE SHECHET (X2)ETHAN MURROW: SEASTEADJULY 11, 2015 - NOV 27, 2016 - PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENT - THE ARTIST'S VOICE: ETHAN MURROW WITH RUTH ERICKSONICA COLLECTION: TRANSCENDING MATERIALJUL 23, 2015 - JUL 17, 2016 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENTMONA HATOUMAUG 26 - NOV 29, 2015 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENT - GALLERY TALK: BRYAN BARCENA ON MONA HATOUMERIN SHIRREFFAUG 26 - NOV 29, 2015 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENTLEAP BEFORE YOU LOOK: BLACK MOUNTAIN COLLEGE 1933-1957 OCT 10, 2015 - JAN 24, 2016 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENT, MICROSITE: MAPPINGBMC.ORG - ARTIST RESPONSE: AESTHETIC RELATIONAL EXERCISES (ARE) - ICA FORUM: IMMIGRATION AND BLACK MOUNTAIN COLLEGE WITH BRENDA DANILOWITZ AND LAURA MUIR - ICA FORUM: EDUCATION AND BLACK MOUNTAIN COLLEGE WITH RUTH ERICKSON, RUSSELL WILLIAMS, DANIELLE ABRAMS, AND STEVE SEIDEL - ICA FORUM: SEXUALITY AND BLACK MOUNTAIN COLLEGE WITH JONATHAN KATZ AND RUTH ERICKSON - THE ARTIST'S VOICE: SARA VANDERBEEK WITH EVA RESPINI - THE ARTIST'S VOICE: THEATER PIECE NO 1. X 50 (DANIELLE LEGROS GEORGES, TIMOTHY MCCORMACK, JONATHAN CALM, KELLY NIPPER, DAMON KRUKOWSKI) - CURATORIAL TOUR: BLACK MOUNTAIN COLLEGE (X2) - MODERNIST STUDIES ASSOCIATION: GALLERY TALKS - MAKE/MADE: MAKE SOMETHING (JOSEF ALBERS) DIANE SIMPSONDEC 16, 2015 - MAR 27, 2016 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENT - THE ARTIST'S VOICE: DIANE SIMPSON WITH DAN BYERS - GALLERY TALK: TAYLOR DAVIS ON DIANE SIMPSONRAMIN HAERIZADEH, ROKNI HAERIZADEH, AND HESAM RAHMANIAN: THE BIRTHDAY PARTYDEC 16, 2015 - MAR 27, 2016 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: ICA-PRODUCED AUDIO TOUR CONTENT - GALLERY TALK: RAMIN HAERIZADAH, ROKNI HAERIZADEH, AND HESAM RAHMANIANWALID RAAD FEB 24 - MAY 30, 2016 - POP-UP TALKS AND PUBLIC TOURS - DIGITAL RESOURCES: AUDIO TOUR CONTENT - CURATORIAL TOUR: JEFF DE BLOIS ON WALID RAAD - GALLERY TALK: KATARINA BURIN ON WALID RAAD - GALLERY TALK CARRIE LAMBERT-BEATTY ON WALID RAAD - CURATORIAL TOUR: EVA RESPINI ON WALID RAAD
(Code:   ) (Expenses $ 1,223,658 including grants of $   ) (Revenue $   )
PROGRAM MARKETING AND COMMUNICATIONS: DEVELOPED AND IMPLEMENTED MARKETING, ADVERTISING, SOCIAL MEDIA, AND PUBLIC RELATIONS STRATEGIES THAT PROMOTED THE ICA'S EXHIBITIONS, PERFORMANCES, AND EDUCATIONAL, COMMUNITY AND SOCIAL PROGRAMS TO THE PUBLIC AND ICA MEMBERS. THESE STRATEGIES ALLOWED THE ICA TO ACHIEVE 216,718 IN TOTAL VISITORS TO THE ICA IN FISCAL YEAR 2016.
(Code:   ) (Expenses $ 984,020 including grants of $   ) (Revenue $ 448,821 )
EARNED INCOME ACTIVITIES: TRAVELING EXHIBITS: - THE ICA-ORGANIZED EXHIBITION, FIBER SCULPTURE: 1960-PRESENT TOURED TO THE WEXNER CENTER FOR THE ARTS FROM 1/30/15 - 4/5/15, AND TO THE DES MOINES ART CENTER, IOWA FROM 5/8/15 - 8/2/15. - THE ICA-ORGANIZED EXHIBITION, LEAP BEFORE YOU LOOK: BLACK MOUNTAIN COLLEGE 1933-1957 TOURED TO THE HAMMER MUSEUM FROM 2/21/16 - 5/15/16, AND TO THE WEXNER CENTER FOR THE ARTS FROM 9/17/16 - 1/1/17.ART TRIPS: IN FY16 THE ICA SPONSORED THREE ART TRIPS TO: STOCKHOLM/AMSTERDAM, NEW YORK CITY, AND MIAMI. EVENT SPACE RENTALS: THE ICA HAD 60 EVENT SPACE RENTALS IN FY16 THAT WERE ATTENDED BY 9,235 VISITORS WHO GOT THE OPPORTUNITY TO VIEW THE ICA'S AWARD WINNING ARCHITECTURAL DESIGN AND EXHIBITIONS.
(Code:   ) (Expenses $ 411,804 including grants of $   ) (Revenue $ 621,972 )
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 2016 THE MEMBERSHIP DEPARTMENT SERVED NEARLY 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 17,000 MEMBER VISITS TO THE GALLERIES AND AT MEMBERS-ONLY EVENTS IN FY16.
4d Other program services (Describe in Schedule O.)
(Expenses $ 2,619,482 including grants of $   ) (Revenue $ 1,070,793 )
4e Total program service expensesMediumBullet13,152,809
Form 990 (2015)
Form 990 (2015)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
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.............
3
 
No
4
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..............
4
 
No
5
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.................
5
 
No
6
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 IClick to see attachment..................
6
 
No
7
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 IIClick to see attachment...
7
 
No
8
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.............
8
Yes
 
9
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 IVClick to see attachment..............
9
 
No
10
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 VClick to see attachment......
10
Yes
 
11
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.
a
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
 
b
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 VIIClick to see attachment.......
11b
 
No
c
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 VIIIClick to see attachment.......
11c
 
No
d
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 IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
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 XClick 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
 
b
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
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
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
 
No
15
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.....
15
 
No
16
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...
16
 
No
17
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
17
Yes
 
18
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
18
Yes
 
19
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
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
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.....
21
 
No
22
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........
22
 
No
23
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
23
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
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
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
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
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
 
No
b
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
 
No
26
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 ................
26
 
No
27
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.........
27
 
No
28
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
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................
28b
 
No
c
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
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
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
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
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 ........
33
 
No
34
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.........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
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
 
 
36
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.............
36
 
No
37
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
37
 
No
38
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. ............
38
Yes
 
Form 990 (2015)
Form 990 (2015)
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
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
245
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
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 ..................
2a
246
b
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)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
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)? ..
4a
 
No
b
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).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
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? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
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? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
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? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
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
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
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
 
 
b
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
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Form 990 (2015)
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
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
34
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.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
33
2
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? .................
2
 
No
3
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? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
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? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
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.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
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
 
b
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
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
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
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
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?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
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
 
No
b
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
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
MA
18
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.
19
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.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletMICHAEL TAUBENBERGER25 HARBOR SHORE DRIVE   BOSTON,MA02210 (617) 478-3192
Form 990 (2015)
Form 990 (2015)
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.

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

RoundBullet 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.

RoundBullet 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
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(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) CHARLA JONES......................................................................
TRUSTEE
 1.00
.................
  		X           0 0 0
Form 990 (2015)
Form 990 (2015)
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
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) BARBARA F LEE........................................................................
VICE CHAIR
 1.00
.......................   		X   X       0 0 0
(19) KENT LUCKEN........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(20) TRISTIN MANNION........................................................................
VICE PRESIDENT
 1.00
.......................   		X   X       0 0 0
(21) JILL MEDVEDOW........................................................................
DIRECTOR/EX-OFFICIO/CEO
 40.00
.......................   		X   X       457,611 0 44,926
(22) RONALD O'HANLEY........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(23) JAMES PALLOTTA........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(24) ERICA GERVAIS PAPPENDICK........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(25) ELLEN M POSS MD........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(26) DAVID PUTH........................................................................
TRUSTEE (SEE CONTINUATION ON PG.11)
 1.00
.......................   		X           0 0 0
(27) CHARLES RODGERS........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(28) MARIO RUSSO........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(29) MARK SCHWARTZ........................................................................
TREASURER/SECRETARY/CLERK
 1.00
.......................   		X   X       0 0 0
(30) JONATHAN SEELIG........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(31) ANTHONY TERRANA DMD........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(32) CHARLOTTE WAGNER........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(33) MICHAEL WILENS........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(34) NICK WINTON........................................................................
TRUSTEE
 1.00
.......................   		X           0 0 0
(35) NICOLE ZATLYN........................................................................
EX-OFFICIO
 1.00
.......................   		X           0 0 0
(36) MICHAEL TAUBENBERGER........................................................................
CFO & COO
 40.00
.......................   		    X       197,273 0 12,340
(37) DAVID HENRY........................................................................
DIR., PERFORMING & MEDIA ARTS
 40.00
.......................   		        X   153,007 0 30,746
(38) KELLY GIFFORD........................................................................
DIR. OF EXTERNAL RELATIONS
 40.00
.......................   		        X   138,488 0 26,101
(39) KATHRYN GREENBERG MAYSHAK........................................................................
DIRECTOR OF DEVELOPMENT
 40.00
.......................   		        X   151,637 0 11,239
(40) MONICA GARZA........................................................................
DIRECTOR OF EDUCATION
 40.00
.......................   		        X   117,389 0 24,792
(41) EVA RESPINI........................................................................
CHIEF CURATOR (PARTIAL YEAR)
 40.00
.......................   		        X   148,498 0 15,986
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 1,363,903 0 166,130
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet8
Yes
No
3
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 ..............
3
 
No
4
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...........................
4
Yes
 
5
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 ........
5
 
No
Section B. Independent Contractors
1
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
ALLIED BARTON SECURITY

PO BOX 828854
PHILADELPHIA,PA19182 		SECURITY SERVICES 408,223
US ART COMPANY INC

66 PACELLA PARK DRIVE
RANDOLPH,MA02638 		SHIPPING SERVICES 388,740
AMERICAN CLEANING COMPANY INC

PO BOX 390702
CAMBRIDGE,MA02139 		CLEANING SERVICES 237,576
ARTEX INC

8712 JERICHO CITY DRIVE
LANDOVER,MD20785 		SHIPPING SERVICES 187,529
WOLFGANG PUCK CATERING

25 HARBOR SHORE DRIVE
BOSTON,MA02210 		CATERING 170,160
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet7
Form 990 (2015)
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c 1,385,288
d Related organizations1d  
e Government grants (contributions)1e 94,000
f All other contributions, gifts, grants, and similar amounts not included above1f 9,073,224
g Noncash contributions included in lines 1a-1f:$ 1,066,781
h Total.Add lines 1a-1f.......MediumBullet 10,552,512
Program Service RevenueAmt Business Code
2a ADMISSIONS AND PROGRAM FEES 900099 1,157,656 1,157,656    
b MEMBERSHIP DUES 900099 621,972 621,972    
c EXHIBITIONS 900099 420,991 420,991    
d TRIP AND TOURS 900099 24,525 24,525    
e
f All other program service revenue.        
g Total.Add lines 2a–2f.....MediumBullet 2,225,144
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 402,230     402,230
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents   724,049
b Less: rental expenses   730,197
c Rental income or (loss)   -6,148
d Net rental income or (loss)......MediumBullet -6,148   -6,148  
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   3,239,168
b Less: cost or other basis and sales expenses   2,996,118
c Gain or (loss)   243,050
d Net gain or (loss).....MediumBullet 243,050     243,050
8a Gross income from fundraising events (not including $ 1,385,288of contributions reported on line 1c). See Part IV, line 18 ....
a 137,800
b Less: direct expenses ...b 505,317
c Net income or (loss) from fundraising events..MediumBullet -367,517   -367,517
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..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
a 782,389
b Less: cost of goods sold ..b 394,292
c Net income or (loss) from sales of inventory..MediumBullet 388,097 388,097    
Business Code Miscellaneous Revenue
11a FOOD SERVICES 722210 89,765     89,765
b OTHER REVENUE 900099 36,199 36,199    
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 125,964
12 Total revenue. See Instructions......MediumBullet 13,563,332 2,649,440 -6,148 367,528
Form 990 (2015)
Form 990 (2015)
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 individuals in the United States. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 707,150   707,150  
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 4,967,782 3,797,962 469,420 700,400
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....        
9 Other employee benefits ....... 564,717 421,173 66,386 77,158
10 Payroll taxes ........... 394,825 283,674 57,932 53,219
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 73,544 70,872 1,336 1,336
c Accounting ........... 55,238   55,238  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17 26,000 26,000
f Investment management fees ...... 85,578   77,817 7,761
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 815,587 679,313 100,650 35,624
12 Advertising and promotion .... 399,939 399,107 831 1
13 Office expenses ....... 38,964 12,979 23,234 2,751
14 Information technology ...... 76,873 55,866 9,833 11,174
15 Royalties ..        
16 Occupancy ........... 902,879 863,610 12,549 26,720
17 Travel ............ 459,337 422,031 24,183 13,123
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 11,604 3,551 7,147 906
20 Interest ........... 147,880 122,379 23,195 2,306
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 1,797,402 1,732,118 32,642 32,642
23 Insurance ... 121,197 68,033 53,164  
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 ART ACQUISITIONS 2,086,502 2,086,502    
b BAD DEBT 1,816,307 749   1,815,558
c SHIPPING & STORAGE 811,338 811,338    
d RENTAL AND EQUIPMENT 640,928 484,821 5,794 150,313
e All other expenses 951,954 836,731 167,935 -52,712
25 Total functional expenses. Add lines 1 through 24e 17,953,525 13,152,809 1,896,436 2,904,280
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 MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2015)
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 3,602,446 1 2,688,337
2 Savings and temporary cash investments .........   2  
3 Pledges and grants receivable, net ...... 18,168,832 3 11,796,814
4 Accounts receivable, net ............. 218,811 4 289,119
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 ........ 302,162 8 312,318
9 Prepaid expenses and deferred charges ...... 237,372 9 349,111
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 61,135,621
b Less: accumulated depreciation 10b 17,067,535 45,654,782 10c 44,068,086
11 Investments—publicly traded securities . 20,361,590 11 23,062,515
12 Investments—other securities. See Part IV, line 11 ..... 535,316 12 501,200
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 65,907 15 65,657
16 Total assets. Add lines 1 through 15 (must equal line 34)... 89,147,218 16 83,133,157
Liabilities 17 Accounts payable and accrued expenses ..... 841,608 17 788,906
18 Grants payable ...   18  
19 Deferred revenue ......... 106,667 19 66,667
20 Tax-exempt bond liabilities ......... 4,758,949 20 4,208,949
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 800,000 25 700,000
26 Total liabilities. Add lines 17 through 25.. 6,507,224 26 5,764,522
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 41,051,155 27 40,358,661
28 Temporarily restricted net assets ........... 13,494,268 28 7,648,352
29 Permanently restricted net assets 28,094,571 29 29,361,622
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet 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 ........... 82,639,994 33 77,368,635
34 Total liabilities and net assets/fund balances ........ 89,147,218 34 83,133,157
Form 990 (2015)
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
13,563,332
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
17,953,525
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-4,390,193
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
82,639,994
5
Net unrealized gains (losses) on investments ...............
5
-847,050
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-34,116
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
77,368,635
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
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:
b
Were the organization’s financial statements audited by an independent accountant?
2b
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:
c
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?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
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?
3a
 
No
b
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.
3b
 
 
Form 990 (2015)
Form 990 (2015)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
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
2015
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.)
1
2
3
4


5
6
7
8
9
10
11
a
b
c
d
e
f
Enter the number of supported organizations ..............  

g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total      

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
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) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... 17,357,007 11,064,748 16,473,594 11,499,610 10,522,512 66,917,471
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 17,357,007 11,064,748 16,473,594 11,499,610 10,522,512 66,917,471
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).. 14,940,474
6 Public support. Subtract line 5 from line 4. 51,976,997
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
7 Amounts from line 4.. 17,357,007 11,064,748 16,473,594 11,499,610 10,522,512 66,917,471
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 198,251 204,024 223,606 321,791 402,230 1,349,902
9 Net income from unrelated business activities, whether or not the business is regularly carried on..     3,281 9,208   12,489
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 208,193 156,592 201,874 197,407 227,565 991,631
11 Total support. Add lines 7 through 10. 69,271,493
12
12
13,138,078
13
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
14
14
75.030 %
15
15
71.990 %
16a
b
17a
b
18
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) 2015

Schedule A (Form 990 or 990-EZ) 2015
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) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (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) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (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.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
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
No
1
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.
1
 
 
2
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).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
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.
3b
 
 
c
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.
3c
 
 
4a
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.
4a
 
 
b
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.
4b
 
 
c
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.
4c
 
 
5a
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).
5a
 
 
b
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?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) 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.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
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.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) 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.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
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
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
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
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
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
 
 
Section B. Type I Supporting Organizations
Yes
No
1
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.
1
 
 
2
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.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
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).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
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).
2
 
 
3
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.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
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.
2a
 
 
b
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.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
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.
3a
 
 
b
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.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
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
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
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 2015 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-2015 		(iii)
Distributable
Amount for 2015
1 Distributable amount for 2015 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2015
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2015:
a
b
c
d From 2013.......  
e From 2014.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2015 distributable amount  
i Carryover from 2010 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2015 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2015 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2015, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2015. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2016. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a
b
c Excess from 2013.......  
d From 2014.......  
e From 2015.......  
Schedule A (Form 990 or 990-EZ) (2015)

Schedule A (Form 990 or 990-EZ) 2015
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) 2015


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
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





Form 990-PF




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
Special Rules
......... 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) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
Name of organization
THE INSTITUTE OF CONTEMPORARY ART INC
  		Employer identification number
04-2104327
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


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 3
Name of organization
THE INSTITUTE OF CONTEMPORARY ART INC
  		Employer identification number

04-2104327
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) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
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 (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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) (2015)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on 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
2015
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" on 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 ....    
5
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? ...........
6
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? ............................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
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.
Held at the End of the 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  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
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)? .............................
9
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" on Form 990, Part IV, line 8.
1a
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.
b
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 on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
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:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
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) 2015

Schedule D (Form 990) 2015
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
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):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
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?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
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" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 21,210,871 16,495,334 13,042,861 10,292,117 9,889,355
b Contributions ... 3,692,065 4,914,708 1,992,263 2,105,639 925,002
c Net investment earnings, gains, and losses -299,075 528,829 2,035,210 1,150,105 -72,240
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		935,000 728,000 575,000 505,000 450,000
f Administrative expenses ....          
g End of year balance ...... 23,668,861 21,210,871 16,495,334 13,042,861 10,292,117
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet99.390 %
c
Temporarily restricted endowment SchDMd Bullet0.610 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
Yes
 
(ii) related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
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' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ...      
b Buildings   56,088,489 13,290,451 42,798,038
c Leasehold improvements        
d Equipment ...   5,047,132 3,777,084 1,270,048
e Other ...        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 44,068,086
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' on 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    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on 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
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
LINE OF CREDIT 700,000
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 700,000
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) 2015

Schedule D (Form 990) 2015
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 14,325,464
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -847,050
b Donated services and use of facilities ......... 2b 91,309
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d -111,933
e Add lines 2a through 2d ..................... 2e -867,674
3 Subtract line 2e from line 1.................. 3 15,193,138
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 -1,629,806
c Add lines 4a and 4b.................... 4c -1,629,806
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 13,563,332
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 19,596,823
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a 91,309
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 1,629,806
e Add lines 2a through 2d.................... 2e 1,721,115
3 Subtract line 2e from line 1................... 3 17,875,708
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 77,817
c Add lines 4a and 4b..................... 4c 77,817
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 17,953,525

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 THE PURPOSES OF EDUCATION, RESEARCH OR PUBLIC EXHIBITION, 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. THE ICA PURCHASED 13 PIECES OF ART FOR THE PERMANENT COLLECTIONS DURING THE YEAR ENDED JUNE 30, 2016. THERE WERE NO PURCHASES OF ART DURING THE YEAR ENDED JUNE 30, 2015.
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 ORGANIZATIONS 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, 2016 AND 2015. 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 2013. 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 -77,817. LOSS ON SPLIT INTEREST AGREEMENT -34,116.
PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -394,292. SPECIAL EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -505,317. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -730,197.
PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 505,317. RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 730,197. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 394,292. LOSS ON SPLIT INTEREST AGREEMENTS
PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH INVESTMENT REVENUE ON AUDITED FS 77,817.
Schedule D (Form 990) 2015


Additional Data


Software ID:  
Software Version:  




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" on 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 arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
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" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
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?
b
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
 
WILTON, CT06897 		FUNDRAISING STRATEGY   No 0 26,000 -26,000
             
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow   26,000 -26,000
3
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.
MA
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on 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.




VerticalRevenue
(a) Event #1

GALA
(event type) 		(b) Event #2

WINE DINNER
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
1,026,836
496,252
 
1,523,088

2
Less: Contributions . . . .
927,836
457,452
 
1,385,288
3 Gross income (line 1 minus
line 2) . . . . . .
99,000
38,800
 
137,800



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . . 102,061 46,519   148,580
8 Entertainment . . . . 9,335 500   9,835
9 Other direct expenses . . . 240,025 106,877   346,902
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 505,317
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -367,517
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
240,025
106,877
 
346,902


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
12
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? . . . . . . . . . . . . . . . . .
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
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 $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
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 complete this part to provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2015
Additional Data


Software ID:  
Software Version:  
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" on 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
2015
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
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
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 .........
1b
 
 
2
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? ..
2
 
 
3
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.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
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.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization?
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on 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 ............
7
 
No
8
Were any amounts reported on 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 .............................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
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 on 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 on prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1JILL MEDVEDOWDIRECTOR/EX-OFFICIO/CEO (i)

(ii)		 432,611
-------------
0 		25,000
-------------
0 		0
-------------
0 		23,250
-------------
0 		21,676
-------------
0 		502,537
-------------
0 		0
-------------
0
2MICHAEL TAUBENBERGERCFO & COO (i)

(ii)		 187,273
-------------
0 		10,000
-------------
0 		0
-------------
0 		9,976
-------------
0 		2,364
-------------
0 		209,613
-------------
0 		0
-------------
0
3DAVID HENRYDIR., PERFORMING & MEDIA ARTS (i)

(ii)		 153,007
-------------
0 		0
-------------
0 		0
-------------
0 		8,072
-------------
0 		22,674
-------------
0 		183,753
-------------
0 		0
-------------
0
4KELLY GIFFORDDIR. OF EXTERNAL RELATIONS (i)

(ii)		 138,488
-------------
0 		0
-------------
0 		0
-------------
0 		7,163
-------------
0 		18,938
-------------
0 		164,589
-------------
0 		0
-------------
0
5KATHRYN GREENBERG MAYSHAKDIRECTOR OF DEVELOPMENT (i)

(ii)		 141,637
-------------
0 		10,000
-------------
0 		0
-------------
0 		7,619
-------------
0 		3,620
-------------
0 		162,876
-------------
0 		0
-------------
0
6EVA RESPINICHIEF CURATOR (PARTIAL YEAR) (i)

(ii)		 148,498
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
0 		15,986
-------------
0 		164,484
-------------
0 		0
-------------
0
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
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) 2015
Additional Data


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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet 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.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
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
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 .................. 2,200,000      
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) 2015

Schedule K (Form 990) 2015
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 ....SchKMediumBullet 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 ......... SchKMediumBullet 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) 2015

Schedule K (Form 990) 2015
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
Schedule K (Form 990) 2015

Additional Data


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SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete 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 imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990
OMB No. 1545-0047
2015
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 29    
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 15 998,495 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 20 60,601 FAIR MARKET VALUE
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( FLOWERS ) X 1 6,560  
26 Other Right pointing arrow large image ( COMPUTER SOFTWARE ) X 1 1,125  
27 Other Right pointing arrow large image ( )
28 Other Right pointing arrow large image ( )
29
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
29
 
Yes
No
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
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
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) (2015)
Schedule M (Form 990) (2015)
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 AND OTHER CONTRIBUTIONS IS BASED ON THE NUMBER OF CONTRIBUTORS.
Schedule M (Form 990) (2015)

Additional Data


Software ID:  
Software Version:  
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
2015
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 III, LINE 4A ERIN SHIRREFF AUG 26 - NOV 29, 2015, FOTENE DEMOULAS GALLERY WORKING ACROSS MEDIA, WITH A FOCUS ON MATERIAL AND THE ANALOGUE, BROOKLYN ARTIST ERIN SHIRREFF (B. 1975, KELOWNA, BRITISH COLUMBIA) EXPLORES THE INTERTWINED RELATIONSHIP BETWEEN SCULPTURE AND PHOTOGRAPHY. COVERING SEVERAL YEARS OF THE EMERGING ARTIST'S WORK, ERIN SHIRREFF INCLUDES BOTH SCULPTURES AND PHOTOGRAPHS OF SCULPTURES THAT INVESTIGATE THE COMPLEXITIES OF REPRESENTING SCULPTURAL OBJECTS IN TWO DIMENSIONS. IN SERIES SUCH AS "MONOGRAPH," SHIRREFF PHOTOGRAPHS SCULPTURES SHE CREATES BY HAND EXPRESSLY FOR THAT PURPOSE. ALONGSIDE THESE PHOTOGRAPHS WILL BE SEVERAL LARGE SCULPTURES, AMONG THEM A SERIES CALLED DROPS." FOR THESE, SHIRREFF CREATES SHAPES BY HAND-CUTTING SCRAPS OF PAPER, ENLARGING THEM, AND CUTTING THEM INTO SHEETS OF STEEL. THE EXHIBITION ALSO PRESENTS VIDEOS INCLUDING MEDARDO ROSSO MADAME X, 1896 (2013), A 24-MINUTE SILENT FILM SHIRREFF CREATED BY MANIPULATING COPIES OF AN IMAGE OF A SCULPTURE BY PROTO-MODERNIST MEDARDO ROSSO, THEN ASSEMBLING THEM DIGITALLY. ORGANIZED BY JENELLE PORTER, MANNION FAMILY SENIOR CURATOR, INSTITUTE OF CONTEMPORARY ART/BOSTON, AND CATHLEEN CHAFFEE, SENIOR CURATOR, ALBRIGHT-KNOX ART GALLERY, BUFFALO, NEW YORK. LEAP BEFORE YOU LOOK: BLACK MOUNTAIN COLLEGE 1933-1957 OCT 10, 2015 - JAN 24, 2016, WEST GALLERY LEAP BEFORE YOU LOOK IS THE FIRST COMPREHENSIVE MUSEUM EXHIBITION ON THE SUBJECT OF BLACK MOUNTAIN COLLEGE TO TAKE PLACE IN THE UNITED STATES. THE EXHIBITION FEATURES INDIVIDUAL WORKS BY MORE THAN NINETY ARTISTS, STUDENT WORK, ARCHIVAL MATERIALS, A SOUNDSCAPE, AS WELL AS A PIANO AND A DANCE FLOOR FOR PERFORMANCE. A SMALL, EXPERIMENTAL LIBERAL ARTS COLLEGE FOUNDED IN 1933, BLACK MOUNTAIN COLLEGE (BMC) HAS EXERTED ENORMOUS INFLUENCE ON THE POSTWAR CULTURAL LIFE OF THE UNITED STATES. INFLUENCED BY THE UTOPIAN IDEALS OF THE PROGRESSIVE EDUCATION MOVEMENT, IT PLACED THE ARTS AT THE CENTER OF LIBERAL ARTS EDUCATION AND BELIEVED THAT IN DOING SO IT COULD BETTER EDUCATE CITIZENS FOR PARTICIPATION IN A DEMOCRATIC SOCIETY. IT WAS A DYNAMIC CROSSROADS FOR REFUGEES FROM EUROPE AND AN EMERGING GENERATION OF AMERICAN ARTISTS. PROFOUNDLY INTERDISCIPLINARY, IT OFFERED EQUAL ATTENTION TO PAINTING, WEAVING, SCULPTURE, POTTERY, POETRY, MUSIC, AND DANCE. THE TEACHERS AND STUDENTS AT BMC CAME TO NORTH CAROLINA'S BLUE RIDGE MOUNTAINS FROM AROUND THE UNITED STATES AND THE WORLD. SOME STAYED FOR YEARS, OTHERS MERE WEEKS. THEIR EDUCATION WAS UNLIKE ANYTHING ELSE IN THE UNITED STATES. THEY EXPERIMENTED WITH NEW WAYS OF TEACHING AND LEARNING; THEY ENCOURAGED DISCUSSION AND FREE INQUIRY; THEY FELT THAT FORM IN ART HAD MEANING; THEY WERE COMMITTED TO THE RIGOR OF THE STUDIO AND THE LABORATORY; THEY PRACTICED LIVING AND WORKING TOGETHER AS A COMMUNITY; THEY SHARED THE IDEAS AND VALUES OF DIFFERENT CULTURES; THEY HAD FAITH IN LEARNING THROUGH EXPERIENCE AND DOING; THEY TRUSTED IN THE NEW WHILE REMAINING COMMITTED TO IDEAS FROM THE PAST; AND THEY VALUED THE IDIOSYNCRATIC NATURE OF THE INDIVIDUAL. BUT MOST OF ALL, THEY BELIEVED IN ART, IN ITS ABILITY TO EXPAND ONE'S INTERNAL HORIZONS, AND IN ART AS A WAY OF LIVING AND BEING IN THE WORLD. THIS UTOPIAN EXPERIMENT CAME TO AN END IN 1957, BUT NOT BEFORE IT CREATED THE CONDITIONS FOR SOME OF THE 20TH CENTURY'S MOST FERTILE IDEAS AND MOST INFLUENTIAL INDIVIDUAL ARTISTS TO EMERGE. LEAP BEFORE YOU LOOK: BLACK MOUNTAIN COLLEGE 1933-1957 FOCUSES ON HOW, DESPITE ITS BRIEF EXISTENCE, BMC BECAME A SEMINAL MEETING PLACE FOR MANY OF THE ARTISTS, MUSICIANS, POETS, AND THINKERS WHO WOULD BECOME THE PRINCIPAL PRACTITIONERS IN THEIR FIELDS OF THE POSTWAR PERIOD. FIGURES SUCH AS ANNI AND JOSEF ALBERS, JOHN CAGE, MERCE CUNNINGHAM, ROBERT RAUSCHENBERG, ELAINE AND WILLEM DE KOONING, BUCKMINSTER FULLER, RUTH ASAWA, ROBERT MOTHERWELL, GWENDOLYN AND JACOB KNIGHT LAWRENCE, CHARLES OLSON, AND ROBERT CREELEY, AMONG MANY OTHERS, TAUGHT AND STUDIED AT BMC. TEACHING AT THE COLLEGE COMBINED THE CRAFT PRINCIPLES OF GERMANY'S REVOLUTIONARY BAUHAUS SCHOOL WITH INTERDISCIPLINARY INQUIRY, DISCUSSION, AND EXPERIMENTATION, FORMING THE TEMPLATE FOR AMERICAN ART SCHOOLS. WHILE PHYSICALLY ROOTED IN THE RURAL SOUTH, BMC FORMED AN UNLIKELY COSMOPOLITAN MEETING PLACE FOR AMERICAN, EUROPEAN, ASIAN, AND LATIN AMERICAN ART, IDEAS, AND INDIVIDUALS. THE EXHIBITION ARGUES THAT BMC WAS AS AN IMPORTANT HISTORICAL PRECEDENT FOR THINKING ABOUT RELATIONSHIPS BETWEEN ART, DEMOCRACY, AND GLOBALISM. IT EXAMINES THE COLLEGE'S CRITICAL ROLE IN SHAPING MANY MAJOR CONCEPTS, MOVEMENTS, AND FORMS IN POSTWAR ART AND EDUCATION, INCLUDING ASSEMBLAGE, MODERN DANCE AND MUSIC, AND THE AMERICAN STUDIO CRAFT MOVEMENT - INFLUENCE THAT CAN STILL BE SEEN AND FELT TODAY. ORGANIZED BY HELEN MOLESWORTH, THE ICA'S FORMER BARBARA LEE CHIEF CURATOR, WITH ICA ASSOCIATE CURATOR RUTH ERICKSON. THE EXHIBITION WILL TRAVEL TO THE HAMMER MUSEUM, LOS ANGELES (FEBRUARY 21 - MAY 15, 2016) AND THE WEXNER CENTER FOR THE ARTS IN COLUMBUS, OHIO (SEPT. 17, 2016 - JAN. 1, 2017). RAMIN HAERIZADEH, ROKNI HAERIZADEH, AND HESAM RAHMANIAN: THE BIRTHDAY PARTY DEC 16, 2015 - MAR 27, 2016, PAUL AND CATHERINE BUTTENWIESER GALLERY RAMIN HAERIZADEH (B. TEHRAN, 1975), ROKNI HAERIZADEH (B. TEHRAN, 1978), AND HESAM RAHMANIAN (B. KNOXVILLE, 1980) LIVE AND WORK COMMUNALLY IN A SHARED HOUSE IN DUBAI. THE THREE IRANIAN ARTISTS - TWO BROTHERS AND THEIR CHILDHOOD FRIEND - COMBINE THEIR INDIVIDUAL WORK, AND THAT OF OTHER ARTISTS, IN SCULPTURE, PAINTING, DRAWING, AND VIDEO, TO GENERATE PROBING AND BEAUTIFUL ENVIRONMENTS. THE ICA INVITES THE TRIO TO CREATE AN ON-SITE INSTALLATION IN THE GALLERY, JOINING THE INTIMACY OF THE ARTISTS' COLLECTIVE LIFESTYLE WITH THEIR CRITICAL ENGAGEMENT OF A GLOBALIZED CONTEMPORARY CULTURE. ORGANIZED BY RUTH ERICKSON, ASSOCIATE CURATOR, WITH JEFFREY DE BLOIS, CURATORIAL ASSOCIATE. DIANE SIMPSON DEC 16, 2015 - MAR 27, 2016, FOTENE DEMOULAS GALLERY CHICAGO-BASED ARTIST DIANE SIMPSON'S (B. 1935, JOLIET, ILLINOIS) ELEGANTLY CONSTRUCTED SCULPTURES EVOLVE FROM A DIVERSE RANGE OF MATERIALS, CLOTHING, AND ARCHITECTURAL SOURCES. WHILE ELEMENTS OF HER CREATIONS APPEAR TO EFFORTLESSLY HANG AND FOLD, THEY ARE IN FACT THE RESULT OF A RIGOROUS APPROACH TO CONSTRUCTION TECHNIQUES, REVELING IN PASSAGES OF PATTERN, JOINERY, AND SKEWED ANGLES THAT ARE BY TURNS HUMOROUS AND PSYCHOLOGICALLY-CHARGED. THIS CONCISE SURVEY OF OVER 30 YEARS OF WORK WILL INCLUDE A SUITE OF PREPARATORY DRAWINGS AND SCULPTURAL WORK MADE FROM THE EARLY 1980S TO THE PRESENT IN MATERIALS RANGING FROM CORRUGATED CARDBOARD AND MEDIUM-DENSITY FIBERBOARD TO ALUMINUM, WOOL, POLYESTER, POPLAR, FAUX FUR, FLEECE, MAHOGANY, BRASS, COPPER, AND STEEL. THIS WILL BE THE ARTIST'S FIRST SOLO MUSEUM EXHIBITION ON THE EAST COAST. ORGANIZED BY DAN BYERS, MANNION FAMILY SENIOR CURATOR, WITH JEFFREY DE BLOIS, CURATORIAL ASSOCIATE. WALID RAAD FEB 24 - MAY 30, 2016, WEST GALLERY THIS EXHIBITION WILL BE THE FIRST COMPREHENSIVE NORTH AMERICAN MUSEUM SURVEY OF THE INTERNATIONALLY RECOGNIZED ARTIST WALID RAAD (B. 1967, LEBANON), WHOSE WORK IN PHOTOGRAPHY, VIDEO, SCULPTURE, AND PERFORMANCE IN THE LAST 25 YEARS INVESTIGATES THE DISTINCTIONS BETWEEN FACT AND FICTION AND THE WAYS WE REPRESENT, REMEMBER, AND MAKE SENSE OF HISTORY. DEDICATED TO THEMES EXPLORING THE VERACITY OF ARCHIVES AND PHOTOGRAPHIC DOCUMENTS IN THE PUBLIC REALM, THE ROLE OF MEMORY AND NARRATIVE WITHIN DISCOURSES OF CONFLICT, AND THE CONSTRUCTION OF HISTORIES OF ART IN THE ARAB WORLD, RAAD'S WORK IS INFORMED BY AN UPBRINGING IN LEBANON DURING THE CIVIL WAR (1975-1990) AND RECENT SOCIO-ECONOMIC AND MILITARY POLICIES THAT HAVE SHAPED THE MIDDLE EAST IN THE PAST FEW DECADES. THE EXHIBITION WILL FEATURE A SELECTION OF WORKS PRODUCED IN THE PAST 25 YEARS IN PHOTOGRAPHY, VIDEO, AND SCULPTURE. AN INTEGRAL PART OF THE EXHIBITION IS RAAD'S 55-MINUTE PRESENTATION "WALKTHROUGH", A RECORDING OF WHICH IS AVAILABLE ON THE ICA MOBILE GUIDE. THE ICA STRONGLY ENCOURAGES VISITORS TO ACCESS THIS POWERFUL PERFORMANCE: WALKTHROUGH OFFERS A DEEPER UNDERSTANDING OF THE WORK ON VIEW, AND A CHANCE TO HEAR DIRECTLY FROM THE ARTIST. RAAD WILL ALSO BE PERFORMING "WALKTHROUGH" IN THE GALLERIES SEVERAL TIMES THROUGHOUT THE RUN OF THE EXHIBITION. THE EXHIBITION IS ACCOMPANIED BY AN EXPANSIVE SCHOLARLY PUBLICATION AND AFTER ITS PRESENTATION AT ICA/BOSTON, IT WILL TRAVEL TO MUSEO JUMEX, MEXICO CITY. THIS EXHIBITION IS ORGANIZED BY THE MUSEUM OF MODERN ART, NEW YORK. THIS EXHIBITION IS CURATED BY EVA RESPINI, BARBARA LEE CHIEF CURATOR, INSTITUTE OF CONTEMPORARY ART/BOSTON WITH KATERINA STATHOPOULOU, CURATORIAL ASSISTANT, DEPARTMENT OF PHOTOGRAPHY, THE MUSEUM OF MODERN ART, NEW YORK. THE BOSTON PRESENTATION IS COORDINATED BY JEFFREY DE BLOIS, CURATORIAL ASSOCIATE, INSTITUTE OF CONTEMPORARY ART/BOSTON.
FORM 990, PART III, LINE 4A GEOFFREY FARMER APR 13 - JUL 17, 2016, PAUL AND CATHERINE BUTTENWIESER AND FOTENE DEMOULAS GALLERIES GEOFFREY FARMER (B. 1967, VANCOUVER) IS BEST KNOWN FOR HIS INSTALLATIONS AND LARGE-SCALE, SCULPTURAL PHOTO COLLAGES. THIS IMMERSIVE SURVEY OF THE ARTIST'S RECENT MAJOR "PAPER WORKS" PRESENTS ROOM-SIZED INSTALLATIONS COMPOSED OF HUNDREDS OF SMALL SCULPTURES MADE OF CUTOUT PHOTOGRAPHS, FABRIC, AND VARIOUS SUPPORTS. IN THESE RECENT WORKS, PROCESSIONS OF FIGURES ASSEMBLED FROM FRAGMENTS OF BOOK AND MAGAZINE PHOTOGRAPHY AND ILLUSTRATION MANIFEST THE ARTIST'S INTEREST IN THE CROSS-POLLINATION OF HISTORICAL AND VERNACULAR IMAGERY. EACH SPECTACULAR COMPOSITION BEGINS TO CHART THE HISTORICAL CONTOURS OF OUR IMAGE-SATURATED CONTEMPORARY CULTURE, AND SUGGEST THE RECURRING CULTURAL THEMES AND FORMAL PATTERNS. FARMER USES MOVEMENT, SOUND, ANIMATION, PUPPET CHARACTERS, AND A PANOPLY OF HIGHLY CHOREOGRAPHED BODIES AND CHARACTERS TO INVESTIGATE WORLD HISTORY FROM THE DIFFERENT ANGLES OF ITS PHOTOGRAPHIC AND SCULPTURAL ACCOUNTS. ORGANIZED BY DAN BYERS, MANNION FAMILY SENIOR CURATOR, WITH JESSICA HONG, CURATORIAL ASSOCIATE. UGO RONDINONE: MOONRISE SCULPTURES MAY 17 - SEP 11, 2016 BEST KNOWN FOR HIS LARGE-SCALE SCULPTURES AND INSTALLATIONS, UGO RONDINONE (BORN 1964, BRUNNEN, SWITZERLAND) WORKS IN A DIVERSE RANGE OF MEDIA, INCLUDING DRAWING, PAINTING, PHOTOGRAPHY, AND VIDEO. RONDINONE'S SERIES MOONRISE - HIS FIRST FIGURATIVE SCULPTURES - ARE EIGHT-FOOT-HIGH BUSTS DERIVED FROM MASKS. MODELED IN CLAY BEFORE BEING CAST IN ALUMINUM AND PAINTED, THE SCULPTURES SHOW THE ENDURING MARKS OF THE ARTIST'S HAND. RONDINONE HAS LONG BEEN INTERESTED IN THE SUBJECT OF TIME, AND HE REPRESENTS IT HERE BY THE RELATIONSHIP BETWEEN MOON, TIDE, AND CALENDAR: EACH OF THE TWELVE SCULPTURES IN THE SERIES WAS MADE IN HOMAGE TO THE MOON AND IS NAMED AFTER A MONTH OF THE CALENDAR YEAR. TWO OF THE TWELVE ARE ON VIEW HERE. THESE MONUMENTAL VISAGES, WITH PLAYFULLY DISTORTED FACES THAT SMILE AND GRIMACE, CONVEY A KIND OF UNCANNY ROMANTICISM, WELCOMING WONDER AND EMPATHY IN EQUAL MEASURE. ORGANIZED BY DAN BYERS, MANNION FAMILY SENIOR CURATOR. LIZ DESCHENES JUN 29 - OCT 16, 2016, WEST GALLERY DESCHENES (B. 1966, BOSTON), IS KNOWN FOR HER LUSHLY BEAUTIFUL AND MEDITATIVE WORK IN PHOTOGRAPHY AND SCULPTURE, AND SINCE THE EARLY 1990S HAS PRODUCED A SINGULAR AND INFLUENTIAL BODY OF WORK THAT PROBES THE RELATIONSHIP BETWEEN THE MECHANICS OF SEEING, IMAGE-MAKING PROCESSES, AND MODES OF DISPLAY. THE FIRST MID-CAREER SURVEY DEDICATED TO DESCHENES'S WORK, THIS EXHIBITION WILL FEATURE 20 YEARS OF HER ART, INCLUDING EXPLORATIONS OF VARIOUS PHOTOGRAPHIC TECHNOLOGIES, RICH AND NUANCED WORK WITH PHOTOGRAMS (A TYPE OF PHOTOGRAPHIC IMAGE MADE WITHOUT A CAMERA), AND SCULPTURAL INSTALLATIONS THAT REFLECT THE MOVEMENTS AND LIGHT WITHIN A GIVEN SPACE AND RESPOND TO A SITE'S UNIQUE FEATURES. ORGANIZED BY EVA RESPINI, BARBARA LEE CHIEF CURATOR, WITH JESSICA HONG, CURATORIAL ASSOCIATE. NALINI MALANI: IN SEARCH OF VANISHED BLOOD JUN 29 - OCT 16, 2016, WEST GALLERY NALINI MALANI (B. 1946, KARACHI) IS INDIA'S FOREMOST VIDEO AND INSTALLATION ARTIST AND A COMMITTED ACTIVIST FOR WOMEN'S RIGHTS. CURRENTLY LIVING AND WORKING IN MUMBAI, MALANI CAME TO INDIA AS A REFUGEE DURING THE 1947 PARTITION OF INDIA AND PAKISTAN, AN EXPERIENCE THAT DEEPLY INFORMS HER WORK. THIS EXHIBITION CENTERS ON MALANI'S SIGNATURE MULTIMEDIA INSTALLATION, IN SEARCH OF VANISHED BLOOD (2012), THE TITLE OF WHICH COMES FROM A POEM BY THE REVOLUTIONARY PAKISTANI POET FAIZ AHMED FAIZ. THE INSTALLATION IS INSPIRED BY EAST GERMAN WRITER AND CRITIC CHRISTA WOLF'S 1984 NOVEL CASSANDRA, ABOUT A STRUGGLING FEMALE ARTIST AND VISIONARY. COMBINING IMAGERY FROM EASTERN AND WESTERN CULTURES, WITH SOUND, PROJECTED IMAGE, AND LIGHT, IN SEARCH OF VANISHED BLOOD IS AN ENTHRALLING, IMMERSIVE EXPERIENCE. THE WORK COMPRISES SIX 11-MINUTE VIDEO PROJECTIONS STREAMED AROUND THE ROOM THROUGH FIVE CLEAR MYLAR CYLINDERS, HAND-PAINTED WITH A VARIETY OF CULTURAL AND HISTORICAL ICONOGRAPHY, WHICH HANG IN THE CENTER OF THE ROOM. AS THE MYLAR CYLINDERS ROTATE, THE COLORFUL AND LAYERED IMAGERY IS PROJECTED ONTO THE WALLS, CREATING A MAGICAL ENVIRONMENT REMINISCENT OF LANTERN SLIDE PRESENTATIONS AND OTHER PROTO-CINEMA EXPERIMENTS IN THE 18TH AND 19TH CENTURIES. THE PRESENTATION OF MALANI'S IMMERSIVE VIDEO INSTALLATION WILL BE ACCOMPANIED BY A SELECTION OF RELATED WORKS ON PAPER. ORGANIZED BY EVA RESPINI, BARBARA LEE CHIEF CURATOR, WITH JESSICA HONG, CURATORIAL ASSOCIATE.
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 (PUBLIC DISCLOSURE COPY), 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, WITHOUT SCHEDULE B, IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE.
FORM 990, PART XI, LINE 9: LOSS ON SPLIT INTEREST AGREEMENTS -34,116.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


Additional Data


Software ID:  
Software Version: