INSTITUTE OF CONTEMPORARY ART MIAMI INC Charity Report

Public IRS 990 nonprofit record

INSTITUTE OF CONTEMPORARY ART MIAMI INC

EIN 47-1251523 · Art Museums (A51)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders43 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

64.48%of revenue went to mission work71.8% of expenses · Program services

10.18%of revenue went to fundraising11.3% of expenses

$83.61spent for every $100 of revenueRevenue covered expenses this year.

15.15%of revenue went to management and office costs16.9% of expenses

$6.00in assets for every $1 spent this yearSome assets cannot be spent right away.

79.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $423,687 for ALEX GARTENFELD (ARTISTIC DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,762,138

Mission workProgram services$9,519,26464.48% of revenue71.8% of expenses

ManagementOffice and general costs$2,235,82715.15% of revenue16.9% of expenses

FundraisingAsking for donations$1,502,72610.18% of revenue11.3% of expenses

Revenue left after expensesReported annual surplus$1,504,32110.19% of revenueShown in gray on the chart

Total expenses$13,257,81789.81% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 71.8% mission · 16.9% management · 11.3% fundraisingTotal expenses: 89.81% of revenue

2022Expense mix: 78.6% mission · 11.6% management · 9.7% fundraisingTotal expenses: 84.41% of revenue

2021Expense mix: 82.7% mission · 9.5% management · 7.8% fundraisingTotal expenses: 111.99% of revenue

2020Expense mix: 83.0% mission · 11.2% management · 5.9% fundraisingTotal expenses: 85.02% of revenue

2019Expense mix: 86.9% mission · 5.8% management · 7.3% fundraisingTotal expenses: 136.63% of revenue

2018Expense mix: 57.5% mission · 3.4% management · 39.1% fundraisingTotal expenses: 111.21% of revenue

2017Expense mix: 88.8% mission · 7.0% management · 4.2% fundraisingTotal expenses: 113.02% of revenue

2016Expense mix: 84.0% mission · 6.6% management · 9.4% fundraisingTotal expenses: 26.41% of revenue

Money in and money out

Revenue$15,857,598

Expenses$13,257,817

Annual surplus $2,599,781 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,519,264 · 71.8% of expenses

Management and office costs$2,235,827 · 16.9% of expenses

Fundraising$1,502,726 · 11.3% of expenses

See all reported dollar amounts

Revenue$15,857,598

Expenses$13,257,817

Assets$79,593,146

Income$18,359,739

Contributions$12,630,300

Mission work (program services)$9,519,264

Fundraising$1,502,726

Management and general$2,235,827

Executive compensation (total)$531,333

Stocks and bonds$3,503,346

Accounting fees$43,160

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ALEX GARTENFELDARTISTIC DIRECTOR · 40 hrs/week $423,687Base $403,817 · Other $19,870

ANTHONY TROISIDIRECTOR OF FINANCE · 40 hrs/week $232,573Base $207,907 · Other $24,666

COURTNEY CASCIDIR, DEVELOP & EXTRNL AFFAIRS · 40 hrs/week $157,963Base $143,811 · Other $14,152

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (43)

ALEX GARTENFELDARTISTIC DIRECTOR

ANTHONY TROISIDIRECTOR OF FINANCE

COURTNEY CASCIDIR, DEVELOP & EXTRNL AFFAIRS

PAULA MORABITOTREASURER

KAY TORSHENTRUSTEE

KRIS HINSONTRUSTEE

LAURIE LYNN STARKTRUSTEE

MAIA MONELLTRUSTEE

MANNY KADREEXECUTIVE COMMITTEE

MARGOT GREIGPRESIDENT

MATTHEW HERFIELDTRUSTEE

MICHAEL CHAVIESTRUSTEE

MICHELE BEYERTRUSTEE

MONICA GROSSMANEXECUTIVE COMMITTEE

JOANNE R KATZTRUSTEE

PILAR CRESPITRUSTEE

RALPH J GINDITRUSTEE

RAY ELLEN YARKINCHAIR

ROBERT LOWINGERTRUSTEE

SARAH SCALITRUSTEE

SETH CAMPBELLTRUSTEE

STEVEN GUTTMANTRUSTEE

TAMMY LEVINETRUSTEE

DAPHNA BENTATAEXECUTIVE COMMITTEE

ALEX WITKOFFEXECUTIVE COMMITTEE

AMANDA MULLENTRUSTEE

ANDI POTAMKINEXECUTIVE COMMITTEE

ANDRE SAKHAITRUSTEE

ARI ROTHSTEINTRUSTEE

ARLENE H MENDELSONTRUSTEE

CHANDRA RUDDTRUSTEE

CHRISTINA MARTINTRUSTEE

DANIEL BERKOWITZTRUSTEE

JORGE GONZALEZTRUSTEE

DEAN COLSONTRUSTEE

DEBI WECHSLERSECRETARY

DIANA MORRISONTRUSTEE

EDWARD NICOLLEXECUTIVE COMMITTEE

ELIZABETH GREENTRUSTEE

IRMA BRAMANCHAIR

JANICE LIPTONVICE CHAIR

JEFF MAGIDTRUSTEE

JOHN MARQUEZTRUSTEE

About this charity

Recognized since: January 2014
Location: 61 NE 41ST ST, MIAMI, FL 33137-3513
County: Miami-Dade
In care of: % ANTHONY TROISI
Primary officer: ANDREW GAVIN, DIRECTOR OF FINANCE

How to reach them

WebsiteVisit the charity’s website Emailhello@icamiami.org Phone(305) 901-5272

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: BDO USA
NTEE classification: Art Museums (A51)
IRS tax category: Art Museums