TY 2015 Form 990

(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)
(1) ALDONA CZERNECKA...................................................................... TRUSTEE	2.00 .................	X
(2) ANDREW SMULIAN...................................................................... TRUSTEE	5.00 .................	X
(3) ARLENE MENDELSON...................................................................... TRUSTEE	2.00 .................	X
(4) BARBARA HERZBERG...................................................................... TRUSTEE	2.00 .................	X
(5) CHANDRA RUDD...................................................................... TRUSTEE	2.00 .................	X
(6) CYNTHIA FISKE...................................................................... TRUSTEE	2.00 .................	X
(7) DEAN COLSON...................................................................... TRUSTEE	5.00 .................	X
(8) DEBI WECHSLER...................................................................... TRUSTEE	2.00 .................	X
(9) DEEPAK SONI...................................................................... TRUSTEE	2.00 .................	X
(10) DR KIRA FLANZRAICH...................................................................... TRUSTEE	2.00 .................	X
(11) ELLA FONTANALS-CISNEROS...................................................................... TRUSTEE	2.00 .................	X
(12) EVAN REED...................................................................... TRUSTEE	2.00 .................	X
(13) IRMA BRAMAN...................................................................... TRUSTEE	8.00 .................	X
(14) JACKIE SOFFER...................................................................... TRUSTEE	2.00 .................	X
(15) JAN LEWIS...................................................................... TRUSTEE	2.00 .................	X
(16) JANICE LIPTON...................................................................... TRUSTEE	5.00 .................	X
(17) JOANNE KATZ...................................................................... TRUSTEE	2.00 .................	X

(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)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(18) JORGE GONZALEZ........................................................................ TRUSTEE	2.00 .......................	X		0
(19) LAURIE LYNN STARK........................................................................ TRUSTEE	2.00 .......................	X		0
(20) MANUEL KADRE........................................................................ TRUSTEE	5.00 .......................	X		0
(21) MARGOT GREIG........................................................................ TRUSTEE	2.00 .......................	X		0
(22) MICHAEL COLLINS........................................................................ TRUSTEE	2.00 .......................	X		0
(23) NANCY GREEN........................................................................ TRUSTEE	2.00 .......................	X		0
(24) PAULA MORABITO........................................................................ TRUSTEE	5.00 .......................	X		0
(25) PETRA LEVIN........................................................................ TRUSTEE	2.00 .......................	X		0
(26) RAY ELLEN YARKIN........................................................................ TRUSTEE	8.00 .......................	X		0
(27) SHELDON ANDERSON........................................................................ TRUSTEE	2.00 .......................	X		0
(28) TOM BLOOM........................................................................ TRUSTEE	2.00 .......................	X		0
(29) ITCHKO EZRATTI........................................................................ TRUSTEE	2.00 .......................	X		0
(30) ISADORE HAVERNICK........................................................................ TRUSTEE	2.00 .......................	X		0
(31) DANIEL HOLTZ........................................................................ TRUSTEE	2.00 .......................	X		0
(32) ALEX GARTENFELD........................................................................ DEPUTY DIR/CHIEF CUR	40.00 .......................		X	121,359
(33) ELLEN SALPETER........................................................................ DIRECTOR	40.00 .......................		X	8,609
(34) NICHOLAS MANDRUS........................................................................ DIRECTOR OF FINANCE	40.00 .......................		X	29,447
(35) THOMAS RALPH PACE........................................................................ ASSOC DIRECTOR	40.00 .......................		X	83,025

(A) Name and business address	(B) Description of services	(C) Compensation
WOLFBERG ALVAREZ & PARTNERS 75 VALENCIA AVE SUITE 1050 CORAL GABLES,FL33134	ARCHITECTURE SERVICES	608,385
KVC CONSTRUCTORS INC 9499 NE 2ND AVE MIAMI,FL33138	BUILDING CONSTRUCTION	501,912
WOW FACTOR MARKETING GROUP 800 DOUGLAS RD SUITE 105 CORAL GABLES,FL33134	EVENT PRODUCTION SERVICES	335,755
CITY OF MIAMI 444 SW 2ND AVE MIAMI,FL33130	PERMIT FEES	218,180
ARANGUREN & GALLEGOS ARQUITECTOS CALLE DE OTERO Y DELAGE 118 MADRID 28035 SP	ARCHITECTURE SERVICES	112,167
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 5

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

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

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

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

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

INSTITUTE OF CONTEMPORARY ART MIAMI
INC

Employer identification number

47-1251523

Part I

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

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

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

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ))

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

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

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

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

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

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

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

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

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

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

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

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

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

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

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

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

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


Total

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

Cat. No. 11285F

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)		(d) 2014	(e) 2015	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) ....	9,563,518	3,512,413	13,075,931
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	9,563,518	3,512,413	13,075,931
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)..
6	Public support. Subtract line 5 from line 4.			13,075,931

Section B. Total Support

Calendar year (or fiscal year beginning in)		(d) 2014	(e) 2015	(f) Total
7	Amounts from line 4..	9,563,518	3,512,413	13,075,931
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	9,116	15,260	24,376
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10.			13,100,307

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

32,119

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

Section C. Computation of Public Support Percentage

Public support percentage for 2015 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2014 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2015. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2014. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2015. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the facts-and-circumstances test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

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

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

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

Section C. Computation of Public Support Percentage

Public support percentage for 2015 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2014 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2015 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2014 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2015. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2014. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

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

Schedule A (Form 990 or 990-EZ) 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

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

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

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

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

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

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

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

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

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

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

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

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (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.

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) .

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).

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

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

Did a disqualified person (as defined in line 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.

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

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

Page 5

Part IV

Supporting Organizations (continued)

Yes

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

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

11a

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

11b

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

11c

Section B. Type I Supporting Organizations

Yes

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

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

Section C. Type II Supporting Organizations

Yes

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

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (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?

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

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

Section E. Type III Functionally-Integrated Supporting Organizations

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

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

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

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

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

Yes

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

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

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

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

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

Schedule A (Form 990 or 990-EZ) 2015

Page 6

Part V

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

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

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

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

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 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
PART I, LINE 7 AND LINE 10	ON PREVIOUSLY FILED 2015 FORM 990, SCHEDULE A, PART I, LINE 9 WAS CHECKED. ACCORDING TO THE IRS DETERMINATION LETTER, THE ORGANIZATION'S PUBLIC CHARITY STATUS IS UNDER IRC 170(B)(A)(VI). WE BELIEVE THAT LINE 7 SHOULD BE CHECKED.
PART II, LINE 1-3, COLUMN (D) AND (E)	THE ORGANIZATION'S PREVIOUSLY FILED 2015 FORM 990 COVERS THE TAX PERIOD FROM JANUARY 1, 2015 TO SEPTEMBER 30, 2015. THE ORGANIZATION IS FILING THE 2015 FORM 990 FOR THE TAX YEAR FROM OCTOBER 1, 2015 TO SEPTEMBER 30, 2016. PLEASE NOTE THAT ON THE FORM 990 SCHEDULE A PART II, COLUMN(D)2014 REFLECTS FINANCIAL DATA FROM JANNUARY 1, 2014 TO SEPTEMBER 30, 2015; AND COLUMN(E)2015 REFLECTS FINANCIAL DATA FROM OCTOBER 1, 2015 TO SEPTEMBER 30, 2016.

Return Reference

Explanation

PART I, LINE 7 AND LINE 10

ON PREVIOUSLY FILED 2015 FORM 990, SCHEDULE A, PART I, LINE 9 WAS CHECKED. ACCORDING TO THE IRS DETERMINATION LETTER, THE ORGANIZATION'S PUBLIC CHARITY STATUS IS UNDER IRC 170(B)(A)(VI). WE BELIEVE THAT LINE 7 SHOULD BE CHECKED.

PART II, LINE 1-3, COLUMN (D) AND (E)

THE ORGANIZATION'S PREVIOUSLY FILED 2015 FORM 990 COVERS THE TAX PERIOD FROM JANUARY 1, 2015 TO SEPTEMBER 30, 2015. THE ORGANIZATION IS FILING THE 2015 FORM 990 FOR THE TAX YEAR FROM OCTOBER 1, 2015 TO SEPTEMBER 30, 2016. PLEASE NOTE THAT ON THE FORM 990 SCHEDULE A PART II, COLUMN(D)2014 REFLECTS FINANCIAL DATA FROM JANNUARY 1, 2014 TO SEPTEMBER 30, 2015; AND COLUMN(E)2015 REFLECTS FINANCIAL DATA FROM OCTOBER 1, 2015 TO SEPTEMBER 30, 2016.

Schedule A (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2015

Name of the organization

INSTITUTE OF CONTEMPORARY ART MIAMI
INC

Employer identification number

47-1251523

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

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

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

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

General Rule

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

Special Rules

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

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

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

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

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

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization INSTITUTE OF CONTEMPORARY ART MIAMI INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization INSTITUTE OF CONTEMPORARY ART MIAMI INC		Employer identification number 47-1251523

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 INSTITUTE OF CONTEMPORARY ART MIAMI INC			Employer identification number 47-1251523
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

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

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," 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

INSTITUTE OF CONTEMPORARY ART MIAMI
INC

Employer identification number

47-1251523

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 ....

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

Yes No

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

Yes No

Part II

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

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

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

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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


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

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

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

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

Yes No

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

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

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

Yes No

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

Part III

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

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

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

(i)

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

(ii)

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

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

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

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

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

Cat. No. 52283D

Schedule D (Form 990) 2015

Page 2

Part III

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

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

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

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

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

Yes No

Part IV

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

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

Yes No


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

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

Yes No

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

Part V

Endowment Funds. Complete if the organization answered "Yes" 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 ....	526,540	428,568
b	Contributions ...
c	Net investment earnings, gains, and losses	11,072	6,128
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......	537,612	434,696

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

Board designated or quasi-endowment SchDMd Bullet

20.000 %

Permanent endowment SchDMd Bullet

76.000 %

Temporarily restricted endowment SchDMd Bullet

4.000 %

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

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

Yes

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

3a(i)

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

3a(ii)

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

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

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' 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 ...	25,986,706		25,986,706
b	Buildings
c	Leasehold improvements	347,174	215,241	131,933
d	Equipment ...	18,500	2,917	15,583
e	Other ...	10,816,255	25,084	10,791,171
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				36,925,393

Schedule D (Form 990) 2015

Page 3

Part VII

InvestmentsOther 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.)

Part VIII

InvestmentsProgram 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.)

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.)...........

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

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
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

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	13,841,489
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-4,188
b	Donated services and use of facilities .........	2b	331,175
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	326,987
3	Subtract line 2e from line 1..................			3	13,514,502
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	-271,125
c	Add lines 4a and 4b....................			4c	-271,125
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	13,243,377

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	4,996,289
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	683,567
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................			2e	683,567
3	Subtract line 2e from line 1...................			3	4,312,722
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	-256,125
c	Add lines 4a and 4b.....................			4c	-256,125
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	4,056,597

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:	THE ORGANIZATION HAS ELECTED, AS PERMITTED UNDER SFAS 116, NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET THE WORKS OF CONTEMPORARY ART WHICH ARE HELD BY THE ORGANIZATION FOR PUBLIC EXHIBITION AND EDUCATION AND NOT FOR FINANCIAL GAIN.
PART III, LINE 4:	COLLECTIONS AND RELATION TO EXEMPT PURPOSE ICA MIAMI'S PERMANENT COLLECTION ARTICULATES CORNERSTONE MOMENTS IN THE CAREERS OF SOME OF THE MOST SIGNIFICANT ARTISTS OF OUR TIME. WORK IN THE COLLECTION ARE DEFINED BY THEIR ACHIEVEMENT IN ONE OR MORE OF THE FOLLOWING CATEGORIES: MAGNITUDE TO AN ARTIST'S CAREER; IMPACT ON INTERNATIONAL CONTEMPORARY ART; THEMATIC RELATIONSHIP TO THE MIAMI REGION AND ITS DYNAMIC POLITICAL, CULTURAL AND ECONOMIC FORCES. THE PERMANENT COLLECTION CONSISTS OF ITEMS BOTH DONATED TO AND PURCHASED BY ICA MIAMI AND IS HELD FOR PUBLIC DISPLAY. ICA MIAMI IS OPEN TO THE GENERAL PUBLIC AT NO COST.
PART X, LINE 2:	ICA MIAMI IS A NON-PROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE ("CODE") AND, ACCORDINGLY, GENERALLY WOULD NOT INCUR INCOME TAXES. AS A RESULT, THE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAX. IN ADIITION, ICA MIAMI HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. ICA MIAMI RECOGNIZES AND MEASURES TAX POSITIONS BASED ON THEIR TECHNICAL MERIT AND ASSESSES THE LIKELIHOOD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. INTEREST AND PENALTIES ON TAX LIABILITIES, IF ANY, WOULD BE RECORDED IN INTEREST EXPENSE AND OTHER NON-INTEREST EXPENSE, RESPECTIVELY. THE U.S. FEDERAL JURISDICTION IS THE MAJOR TAX JURISDICTION WHERE ICA MIAMI FILES INCOME TAX RETURNS. ICA MIAMI IS SUBJECT TO US FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR ALL YEARS FILED SINCE INCEPTION.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	DIRECT EXPENSES FROM FUNDRAISING EVENTS -271,125.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	DIRECT FUNDRAISING EXPENSES REPORTED UNDER REVENUE SECTION -271,125. IN-KIND RENT ALLOCATED TO FUNDRAISING EVENT 15,000.

Schedule D (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" 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 arrow

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

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

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization
INSTITUTE OF CONTEMPORARY ART MIAMI
INC

Employer identification number

47-1251523

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.

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

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

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

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

YesNo

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)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

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

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

Cat. No. 50083H

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.

		(a) Event #1 365 PARTY (event type)	(b) Event #2 ENCHANTED EVENINGS (event type)	(c) Other events 1 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	762,362	337,445	218,226	1,318,033
2	Less: Contributions . . . .	723,362	322,970	65,000	1,111,332
3	Gross income (line 1 minus line 2) . . . . . .	39,000	14,475	153,226	206,701

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .
7	Food and beverages . . .	121,461	15,809	24,261	161,531
8	Entertainment . . . .	57,465			57,465
9	Other direct expenses . . .	221,237	27,555	92,681	341,473
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				560,469
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-353,768

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.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .	221,237	27,555	92,681	341,473

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

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

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

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

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

YesNo

If "No," explain:

10a

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

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2015

Page 3

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

YesNo

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

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

YesNo

Indicate the percentage of gaming activity conducted in:

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

13a

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

13b

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

Name

Address

15a

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

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

YesNo

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

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

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

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

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

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

YesNo

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

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

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also 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:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

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

Attach to Form 990.
Right pointing arrow large image

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

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

INSTITUTE OF CONTEMPORARY ART MIAMI
INC

Employer identification number

47-1251523

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	7
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	2	39,136	FMV
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 ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

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

Yes

30a

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

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

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

30a

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

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

32a

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

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

32a

If "Yes," describe in Part II.

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

describe in Part II.

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

Cat. No. 51227J

Schedule M (Form 990) (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:	ICA MAINTAINS COLLECTIONS OF WORKS OF ART AND DOES NOT VALUE THE PIECES IN ITS INVENTORY OR RECORD REVENUES FOR ANY DONATED PIECES. THE DONATED WORKS OF ART ARE LISTED BY THE NUMBER OF PIECES DONATED. THEY CONSIST OF PAINTINGS, SCULPTURES, PRINTS, AND DVDS.

Schedule M (Form 990) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

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

Attach to Form 990 or 990-EZ.
MediumBullet

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

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

INSTITUTE OF CONTEMPORARY ART MIAMI
INC

Employer identification number

47-1251523

Return Reference	Explanation
FORM 990, PART III, LINE 4A - FIRST ACCOMPLISHMENT	EXHIBITION AND COLLECTIONS AS A REFLECTION OF ICA MIAMI'S MISSION TO ADVANCE NEW SCHOLARSHIP ON CONTEMPORARY ART AND SHOWCASE THE WORK OF THE MOST INNOVATIVE AND EXPERIMENTAL ARTISTS OF OUR TIME, ICA MIAMI EXHIBITED 7 DIFFERENT ARTISTS DURING FISCAL YEAR 2016. FROM OCTOBER 8, 2015 TO JANUARY 17, 2016 ICA MIAMI EXHIBITED "A PUBLIC CHARACTER", THE FIRST MAJOR MUSEUM PRESENTATION OF WORK BY SHANNON EBNER COMPRISING PHOTOGRAPHY, SCULPTURE, INSTALLATION AND VIDEO. THE EXHIBITION UNDERSCORED EBNER'S SELF-REFLEXIVE APPROACH TO THE IMAGE THROUGH LANGUAGE AND ARCHITECTURE PRESENTING WORKS FROM EBNER'S ONGOING SERIES "BLACK BOX COLLISION A" WHICH, SINCE 2012, HAS SEEN THE ARTIST PHOTOGRAPH THE LETTER "A" MINED FROM THE VESTIGES OF SIGNS, ADVERTISEMENTS, MESSAGES, AND OTHER MODES OF VISUAL COMMUNICATION. BETWEEN DECEMBER 1, 2015 AND JANUARY 31, 2016, ICA MIAMI PRESENTED A SOLO EXHIBITION IN THE ATRIUM GALLERY DEDICATED TO VIDEO AND PERFORMANCE ARTIST ALEX BAG. "THE VAN (REDUX)*" FEATURED A SEMINAL BUT RARELY-SEEN VIDEO BY THE ARTIST, THE VAN, 2001, ALONGSIDE A VIDEO AND A DRAMATIC NEW SITE-SPECIFIC INSTALLATION THAT BROUGHT THE HISTORIC WORK TO THE PRESENT. THIS EXHIBITION MARKED THE FIRST MAJOR U.S. PRESENTATION OF A NEW WORK BY THE ARTIST SINCE HER 2009 EXHIBITION AT THE WHITNEY MUSEUM. FROM FEBRUARY 18, 2016 TO JUNE 12, 2016, ICA MIAMI PRESENTED "I STAND, I FALL," THE FIRST AMERICAN MUSEUM EXHIBITION OF JOHN MILLER. A COMPREHENSIVE SURVEY BRINGING TOGETHER SOME 75 WORKS, THE EXHIBITION TRACED MILLER'S USE OF THE FIGURE THROUGHOUT HIS CAREER IN ORDER TO INCISIVELY COMMENT ON THE STATUS OF ART AND LIFE IN AMERICAN CULTURE. THE EXHIBITION FEATURED A RANGE OF MEDIA, INCLUDING PAINTING, SCULPTURE, DRAWING, PHOTOGRAPHY, INSTALLATION AND VIDEO; NEVER-BEFORE-SEEN WORKS FROM THE 1980S; NEW LARGE-SCALE SCULPTURES; AND THE ARTIST'S MOST AMBITIOUS ARCHITECTURAL INSTALLATION TO DATE - A VAST AND IMMERSIVE MIRRORED LABYRINTH WITHIN ICA MIAMI'S ATRIUM GALLERY. BETWEEN JUNE 3, 2016 AND OCTOBER 30, 2016, ICA MIAMI PRESENTED LAURA LIMA'S "THE INVERSE," A MONUMENTAL, SITE-SPECIFIC INSTALLATION THAT ENTANGLED THE GRIDDED SUPPORT BEAMS OF THE MUSEUM'S ATRIUM GALLERY WITH INDUSTRIAL NYLON ROPE. ENORMOUS AT ONE END, THE BRAIDED MATERIAL DWINDLED IN SIZE UNTIL IT SEEMS TO MERGE WITH A FEMALE BODY. SET STILL AND PARTIALLY OUT OF VIEW, THE PARTICIPANT'S BODY ACHIEVED UNCANNY ABSTRACTION, PRESENCE, AND SUSPENSE. THE WORK WAS THE FIRST AMERICAN SOLO MUSEUM EXHIBITION FOR THE RENOWNED BRAZILIAN ARTIST. CONCURRENTLY, FROM JULY 8, 2016 TO OCTOBER 30, 2016, ICA MIAMI'S GALLERIES WERE SPLIT BETWEEN 3 DISTINCT EXHIBITIONS OF ARTISTS IDA APPLEBROOG, SUSAN TE KAHURANGI KING, AND RENAUD JEREZ. "MERCY HOSPITAL," WAS IDA APPLEBROOG'S FIRST SOLO US MUSEUM EXHIBITION IN NEARLY TWO DECADES FEATURING A COMPREHENSIVE SELECTION OF DRAWINGS MADE BY THE ARTIST WHILE SHE WAS A PATIENT IN THE EPONYMOUS HOSPITAL, AND WHICH STUNNINGLY COMBINE TEXT, CARTOON, IMAGE, AND ABSTRACTION. ALSO ON VIEW WAS THE FIRST MUSEUM EXHIBITION OF WORK BY SELF-TAUGHT NEW ZEALAND ARTIST SUSAN TE KAHURANGI KING. THE EXHIBITION INCLUDED SOME 60 WORKS, MANY OF WHICH WERE ON VIEW FOR THE FIRST TIME, AND SURVEYS THE VARIOUS PERIODS OF KING'S WORK: FROM HER FOUNDATIONAL CHILDHOOD DRAWINGS, TO HER EXTENSIVE AND VIBRANT NOTEBOOKS, TO HER MATURE WORKS OF THE 1970S AND '80S. KING'S DECADES OF ARTISTRY HAVE RESULTED FROM AN OPEN-ENDED PROCESS OF LOOKING. AS RENAUD JEREZ'S FIRST SOLO EXHIBITION IN THE US, ICA MIAMI PRESENTED A SITE-SPECIFIC INSTALLATION OF NEW WORK THAT BUILDS UPON HIS EVOLVING LANGUAGE OF INNOVATIVE, ANTHROPOMORPHIC, AND APOCALYPTIC FORMS. JEREZ USED CRAFT AND INDUSTRIAL MATERIALS TO CREATE HAUNTING, HUMOROUS, AND ABJECT SCULPTURES THAT IMAGINE THE FUTURE THROUGH MONSTERS AND RUINS. INTRICATE AND VIOLENT, THESE FORMS FREQUENTLY PRESENT A HUMAN FORM CONSUMED WITH ARCHITECTURE AND TECHNOLOGY. THIS WAS HIS FIRST SOLO EXHIBITION IN THE US. ICA MIAMI'S PERMANENT COLLECTION ARTICULATES CORNERSTONE MOMENTS IN THE CAREERS OF SOME OF THE MOST SIGNIFICANT ARTIST OF OUR TIME. WORKS IN THE COLLECTION ARE DEFINED BY THEIR ACHIEVEMENT IN ONE OR MORE OF THE FOLLOWING CATEGORIES: MAGNITUDE TO AN ARTIST'S CAREER, IMPACT ON INTERNATIONAL CONTEMPORARY ART, THEMATIC RELATIONSHIP TO THE MIAMI REGION AND ITS DYNAMIC POLITICAL, CULTURAL AND ECONOMIC FORCES. ICA MIAMI ADDED SEVERAL PIECES TO ITS PERMANENT COLLECTION IN 2016.
FORM 990, PART III, LINE 4B - SECOND ACCOMPLISHMENT	EDUCATION AND OUTREACH ICA MIAMI'S YOUNG ARTISTS INITIATIVE IS AN APPLICATION-BASED ARTS PROGRAM DESIGNED FOR YOUNG ARTISTS (9TH-12TH GRADE) WHO ARE ENCOURAGED TO LOOK CRITICALLY AT CONTEMPORARY ART PRACTICES, WORK DIRECTLY WITH LEADING ARTISTS, AND FURTHER DEVELOP THEIR OWN PORTFOLIOS. ICA MIAMI'S YOUNG ARTISTS INITIATIVE ENGAGES STUDENTS IN AN INTENSIVE, 20-WEEK PROGRAM OFFERED IN TWO 10-WEEK SESSIONS THAT RELATES ART HISTORY TO CONTEMPORARY ART PRACTICE FOR HIGH SCHOOL STUDENTS WITH A FOCUS ON APPLICABLE SKILLS THAT PREPARE SELF-SELECTING STUDENTS FOR CAREERS IN CONTEMPORARY ART. DURING FISCAL YEAR 2016, APPROXIMATELY 25 STUDENTS PARTICIPATED IN EACH SEMESTER OF ICA MIAMI'S YOUNG ARTISTS INITIATIVE. ICA MIAMI'S OUTREACH PROGRAMS PRESENT THE DIVERSE WORKS OF CONTEMPORARY ARTISTS TO UNDER-RESOURCED YOUTHS AND YOUNG ADULTS IN THE MIAMI REGION. THROUGH A SERIES OF PILOT PROGRAMS CONDUCTED IN PARTNERSHIP WITH MIAMI-DADE PUBLIC SCHOOLS AND LOCAL COMMUNITY ORGANIZATIONS, OUR CURRICULA AIM TO IMPROVE TECHNOLOGICAL AND MEDIA LITERACY, WHILE EMPOWERING THE SOCIAL, CULTURAL AND GENDER-SPECIFIC IDENTITIES OF PARTICIPANTS. DURING FISCAL YEAR 2016, ICA MIAMI OFFERED OVER 50 WORKSHOPS SERVING OVER 300 PARTICIPANTS. ICA MIAMI, IN PARTNERSHIP WITH THE MIAMI DESIGN DISTRICT, ALSO HOSTS A MONTHLY "FAMILY DAY" ON THE SECOND SUNDAY OF EACH MONTH. FAMILIES AND OTHER COMMUNITY MEMBERS ARE INVITED TO SPEND AN AFTERNOON EXPLORING THE CULTURAL OFFERINGS OF THE MUSEUM THROUGH VARIOUS INTERACTIVE ACTIVITIES WHICH PROMOTE CREATIVITY AND CRITICAL THINKING, INCLUDING STORY TELLING SESSIONS, MUSICAL PERFORMANCES, AND ART MAKING ACTIVITIES. THE ACTIVITIES ARE TIED TO A THEME OR THE MUSEUMS CURRENT EXHIBITIONS. ICA MIAMI ALSO OFFERS COMPLEMENTARY TOURS OF CURRENT EXHIBITIONS TO SCHOOLS, SUMMER CAMPS, AND ADULT ORGANIZATIONS. ICA HOSTED 50 TOURS DURING FISCAL YEAR 2016, REACHING OVER 1,000 PARTICIPANTS.
FORM 990, PART III, LINE 4C - THIRD ACCOMPLISHMENT	PUBLIC PROGRAMS DURING FISCAL YEAR 2016, ICA MIAMI GENERATED A ROBUST PROGRAM OF PUBLIC PRESENTATIONS, LECTURES, SEMINARS, FILM SCREENINGS, ARTISTS' TALKS, AND EVENTS. BUILDING ON THE STRUCTURE THAT DIVIDES THE INSTITUTION'S PUBLIC PROGRAMS INTO FOCUSED COMPONENTS, PROGRAMS AND EVENTS WERE DEVELOPED UNDER THE FOLLOWING RUBRICS: ICA IDEAS, ICA SEMINARS (WHICH BECAME THE ART + RESEARCH CENTER), ICA PERFORMS, ICA SPEAKS, AND ICA RESIDENTS. ICA IDEAS EXPANDS THE REACH AND MEANING OF EXHIBITIONS ON VIEW, WHILE PROVIDING DYNAMIC MODES OF CREATION AND INTERACTION OUTSIDE THE EXHIBITION FORMAT. AS PART OF THIS PROGRAM, ICA MIAMI HOSTED A READING BY POET EILEEN MYLES, A TALK BY RENOWN CRITIC AND THEORIST ISABELLE GRAW, A LECTURE AND WORKSHOP BY GERMAN SOCIOLOGIST ULF WUGGENIG, A SCREENING OF THE DOCUMENTARY "PICTURES OF SUSAN", AND AN INTERACTIVE EVENING OF COLLECTIVE DRAWING WITH ARTIST SUSAN TE KAHURANGI KING. THROUGH ICA SEMINARS THE MUSEUM OFFERS FREE COLLEGE-LEVEL SEMINAR CLASSES, OPEN TO YOUNG ADULTS AND LIFELONG LEARNERS, COVERING A WIDE RANGE OF THEMES FROM CONTEMPORARY ART AND RECENT ART HISTORY. IN SUMMER 2016, ICA SEMINARS BECAME THE ART + RESEARCH CENTER AND CONTINUED ICA SEMINARS MISSION. AS PART OF THIS PROGRAM, ICA HOSTED SEMINARS BY KALUP LINZY, EVE LARAM E, AND CHARLES AUBIN. ICA PERFORMS FOSTERS THE DEVELOPMENT OF NEW PERFORMANCE WORKS BY ENCOURAGING LEADING PERFORMANCE ARTISTS TO PRESENT NEW AND RECENT WORKS AT THE MUSEUM. IN DECEMBER 2015, ICA MIAMI PRESENTED THE ARTIST THEATER PROGRAM. THE ICA MIAMI PERFORMANCE TITLED "A PIANO IS FOR KNIFE" WAS A REFLECTION OF WHAT BEGAN AS A WRITING COLLABORATION BETWEEN ERIKA VOGT, DYLAN MIRA AND SHANNON EBNER. THE ICA MIAMI PERFORMANCE WAS SITED IN EBNER'S "BLACK BOX COLLISION A" ROOM ON THE OCCASION OF HER EXHIBITION, A PUBLIC CHARACTER. ICA SPEAKS IS ALSO FOCUSED ON PROMOTING THE EXCHANGE OF ART AND IDEAS. IT FEATURES ARTISTS WHOSE WORK IS IN THE MUSEUM'S PERMANENT COLLECTION, AND HIGHLIGHTS THE STRENGTH OF THE INSTITUTION'S HOLDINGS THROUGH ORIGINAL SCHOLARSHIP. ON NOVEMBER 5, 2015, ARTIST RICHARD TUTTLE SPOKE ABOUT HIS EXTRAORDINARILY VARIED BODY OF WORK THAT ELUDES HISTORICAL OR STYLISTIC CATEGORIZATION. ON FEBRUARY 2, 2016 ARTIST NICOLE EISENMAN PRESENTED A COMPREHENSIVE LECTURE ON HER PAINTING PRACTICE. ON MARCH 18, 2016, ARTIST JORGE PARDO SPOKE ABOUT THE PIONEERING WORK AT THE EDGE OF ART AND DESIGN. ON MAY 5, 2016, ARTIST JOHN MILLER PRESENTED A COMPREHENSIVE LECTURE ON THE LAST FOUR DECADES ON HIS CONCEPTUAL WORK. IN 2016, ICA MIAMI ESTABLISHED A NEW PROGRAM, ICA RESIDENTS, INTENDED TO OPEN THE POSSIBILITY OF COLLABORATING WITH SMALLER, CUTTING-EDGE INSTITUTIONS THAT LACK THE RESOURCES TO PRESENT THEIR INNOVATIVE PROGRAMS TO LARGE AUDIENCES. IN THE SUMMER OF 2016, ICA MIAMI HOSTED MIAMI MUSIC CLUB AS ITS FIRST RESIDENT. THIS RESULTED IN THREE PUBLIC MUSIC PROGRAMS, SHOWCASING SOME OF THE LEADING PRACTITIONERS IN ADVANCE ELECTRONIC MUSIC COMPOSITION AND PERFORMANCE.
FORM 990, PART VI, SECTION A, LINE 2	THE TRUSTEES IRMA BRAMAN AND DEBI WESCHLER HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11	A COMPLETE DRAFT OF FORM 990 WAS DISTRIBUTED TO, AND REVIEWED AND APPROVED BY, THE ORGANIZATION'S FINANCE COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 12C	ENFORCEMENT OF CONFLICTS OF INTEREST EACH DIRECTOR, PRINCIPAL, OFFICER, KEY EMPLOYEE AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELIGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY AND UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN ADDITION, THE ORGANIZATION CONDUCTS PERIODIC REVIEWS WHICH INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENTS OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INCREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION PROCESS FOR OFFICERS THE COMPENSATION PROCESS FOR KEY EMPLOYEES IS APPROVED BY THE DIRECTOR IN CONSULTATION WITH THE DEPUTY DIRECTOR AND ASSOCIATE DIRECTOR IN CONSULTATON WITH CO-CHAIR OF THE BOARD OF TRUSTEES. SALARY IS DETERMINED BASED ON THE ORGANIZATION'S BUDGET GUIDELINES AND REVIEW OF THE AMERICAN ALLIANCE OF MUSEUM SALARY SURVEY.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENT DISCLOSURE EXPLANATION GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL	THE ORGANIZATION'S DIRECTOR'S SALARY IS DETERMINED BY THE CO-CHAIR OF THE BOARD OF TRUSTEES IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. SALARY IS DETERMINED BASED ON THE ORGANIZATION'S BUDGET GUIDELINES AND REVIEW OF THE AMERICAN ALLIANCE OF MUSEUM SALARY SURVEY.

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:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	9,373,407	13,575,908
9	Program service revenue (Part VIII, line 2g) .........	14,415	5,977
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	6,512	15,260
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	-20,116	-353,768
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	9,374,218	13,243,377
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)	790,242	1,537,456
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 307,211
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,398,431	2,519,141
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	2,188,673	4,056,597
19	Revenue less expenses. Subtract line 18 from line 12.......	7,185,545	9,186,780
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	34,480,344	45,780,873
21	Total liabilities (Part X, line 26).............	431,073	2,554,822
22	Net assets or fund balances. Subtract line 21 from line 20.....	34,049,271	43,226,051

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 2,080,555 including grants of $ ) (Revenue $ )
	EXHIBITIONS AND COLLECTIONS - SEE SCHEDULE O

4b	(Code: ) (Expenses $ 488,552 including grants of $ ) (Revenue $ )
	EDUCATION AND OUTREACH - SEE SCHEDULE O

4c	(Code: ) (Expenses $ 528,999 including grants of $ ) (Revenue $ )
	PUBLIC PROGRAMS - SEE SCHEDULE O

	(Code: ) (Expenses $ 46,945 including grants of $ ) (Revenue $ 2,063 )
	GIFT SHOPTHROUGH ITS GIFT SHOP, ICA MIAMI OFFERS A WIDE RANGE OF SELECTIONS OF BOOKS AND LITERATURE ON CONTEMPORARY ART. THE SELECTIONS FEATURE ARTISTS INCLUDED IN ICA MIAMI'S PUBLIC PROGRAMS. ADDITIONALLY, THE GIFT SHOP PROVIDES VISITORS WITH INFORMATION ABOUT ICA MIAMI EXHIBITIONS, PROGRAMS, AND CONTEMPORARY ART.

	(Code: ) (Expenses $ 264,296 including grants of $ ) (Revenue $ 3,916 )
	COMMUNICATIONSTHROUGH ITS COMMUNICATIONS PROGRAM, ICA MIAMI COMMUNICATES ITS MISSION AND ACTIVITIES TO THE PUBLIC. THE COMMUNICATIONS PROGRAM ALSO INFORMS THE PUBLIC ABOUT CONTEMPORARY ART AND ITS IMPORTANCE IN OUR SOCIETY THROUGH VARIOUS FORMS OF MEDIA.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 311,241 including grants of $ ) (Revenue $ 5,979 )
4e	Total program service expenses3,409,347

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	242,440	0	0

1a	Federated campaigns..		1a
b	Membership dues..		1b	188,943
c	Fundraising events..		1c	1,111,332
d	Related organizations		1d
e	Government grants (contributions)		1e	11,400

f	All other contributions, gifts, grants, and similar amounts not included above		1f	12,264,233

g	Noncash contributions included in lines 1a-1f:$ 39,136
h Total.Add lines 1a-1f.......		13,575,908

1	Briefly describe the organization’s mission or most significant activities: THE INSTITUTE OF CONTEMPORARY ART, MIAMI (ICA MIAMI), IS DEDICATED TO PROMOTING THE WORK OF CONTEMPORARY ARTISTS, AND TO THE EXCHANGE OF ART AND IDEAS THROUGHOUT THE MIAMI REGION AND INTERNATIONALLY. THROUGH AN ENERGETIC CALENDAR OF EXHIBITIONS AND PROGRAMS, AND ITS COLLECTIONS, ICA MIAMI PROVIDES AN INTERNATIONAL PLATFORM FOR THE WORK OF ESTABLISHED AND EMERGING ARTISTS, AND ADVANCES THE PUBLIC APPRECIATION AND UNDERSTANDING OF THE MOST INNOVATIVE AND EXPERIMENTAL ART OF OUR TIME.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	31
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	31
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	32
6	Total number of volunteers (estimate if necessary) .............	6	75
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

			Business Code
2a	COMMUNICATIONS	900099	3,914	3,914
b	GIFT SHOP	453220	2,063	2,063
c
d
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			5,977

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			15,260			15,260
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ 1,111,332of contributions reported on line 1c). See Part IV, line 18 ....
	a		206,701
b	Less: direct expenses ...b		560,469
c	Net income or (loss) from fundraising events..			-353,768			-353,768
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			13,243,377	5,977	0	-338,508

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 ....	534,447	405,260	88,181	41,006
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	757,139	688,868	32,320	35,951
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	45,817	34,821	7,331	3,665
9	Other employee benefits .......	102,906	78,031	16,979	7,896
10	Payroll taxes ...........	97,147	73,664	16,029	7,454
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	8,378		8,378
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	319,470	155,102	57,262	107,106
12	Advertising and promotion ....	246,379	216,171		30,208
13	Office expenses .......	61,112	46,350	2,791	11,971
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	18,519	18,519
17	Travel ............	223,790	167,288	39,423	17,079
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	143,513	137,656	3,776	2,081
23	Insurance ...	36,163	29,197	3,698	3,268
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	EXHIBITION AND COLLECTI	489,709	489,709
b	CONTRACT SERVICES AND F	365,566	345,847	7,218	12,501
c	PUBLIC RELATIONS	115,739	115,739
d	DUES AND LICENSES	91,512	68,204	5,774	17,534
e	All other expenses	399,291	338,921	50,879	9,491
25	Total functional expenses. Add lines 1 through 24e	4,056,597	3,409,347	340,039	307,211
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			412,503	1	2,561,370
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......			6,013,207	3	5,564,489
4	Accounts receivable, net .............				4
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 ........			11,354	8	22,969
9	Prepaid expenses and deferred charges ......			42,806	9	169,040
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	37,168,635
b	Less: accumulated depreciation	10b	243,242	27,453,823	10c	36,925,393
11	Investments—publicly traded securities .			540,309	11	537,612
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			6,342	15
16	Total assets. Add lines 1 through 15 (must equal line 34)...			34,480,344	16	45,780,873

17	Accounts payable and accrued expenses .....	277,523	17	2,019,622
18	Grants payable ...		18
19	Deferred revenue .........	153,550	19	535,200
20	Tax-exempt bond liabilities .........		20
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		25
26	Total liabilities. Add lines 17 through 25..	431,073	26	2,554,822

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	27,562,313	27	13,255,857
28	Temporarily restricted net assets ...........	6,078,269	28	5,961,505
29	Permanently restricted net assets	408,689	29	24,008,689
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	34,049,271	33	43,226,051
34	Total liabilities and net assets/fund balances ........	34,480,344	34	45,780,873