The Museum of Contemporary Art of Georgia Inc
Nonprofit profile at a glance
- EIN
- 582562811
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 4043678700
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $8,243,232
- Expenses
- $952,564
- Assets
- $19,073,120
- Liabilities
- $407,739
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- ANNETTE CONE-SKELTON (PRESIDENT & CEO & DIRECTOR)
Highest reported compensation
- ANNETTE CONE-SKELTON (PRESIDENT & CEO & DIRECTOR): $63,849 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate a public museum in the city of atlanta, Georgia. In addition to the museum it provides a number of other arts-related educational and charitable services to the community.
What it reported doing in 2024
To operate a public museum in the city of atlanta, Georgia. In addition to the museum it provides a number of other arts- related educational and charitable services to the community.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 26
- Transparency & Controls: 86
- Accountability: 87
- Sustainability: 89
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.3%; rating input score 6
- Program expense ratio: 38.1%; rating input score 38
- Fundraising efficiency: $128.68 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.7%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 88.4%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 20.02; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 11.7% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 6.3% of revenue deployed · 38.1% of spending went to programs
- Governance: 22 of 23 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $363K in reported program spending
- Leadership: top reported pay $64K · 18 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 6/100.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.