Virginia Museum of Contemporary Art
Nonprofit profile at a glance
- EIN
- 237112328
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Virginia Beach, VA, USA
- Phone
- 7574250000
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $6,994,080
- Expenses
- $2,860,403
- Assets
- $6,382,380
- Liabilities
- $417,651
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Highest reported compensation
- ALISON BYRNE (EXECUTIVE DI): $140,126 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Virginia museum of contemporary art (Virginia moca) is a non-profit institution which exists to foster awareness, exploration, and understanding of the significant art of our time. Accredited by the american alliance of museums, Virginia moca's integration of its four primary activities-gallery exhibitions, studio art classes, educational programs, and the boardwalk art show - Virginia moca engages a diverse regional public in the rich and active language of contemporary visual art. Its annual attendance across all events, including the renowned annual boardwalk art show, is more than 300,000.
What it reported doing in 2024
Boardwalk art show: this annual event, now in its 69th year, was the seed from which the current museum sprung. The museum celebrates its local and artistic communities with this free, 3-day outdoor exhibition of original artwork, across media, on the iconic Virginia beach boardwalk. Close to 30,000 visitors connect with a couple hundred artists, exploring their work, learning about their practice, and buying artwork. Corporate and individual sponsors from across the region provide support, while patrons make a visit to the free and easily accessible boardwalk art show a yearly pilgrimage. The city of Virginia beach considers the vmoca boardwalk art show a signature event for the city. The art show is embedded in the dna of Virginia beach given the art show began 7 years before the city of Virginia beach was formed.
Operating model
- Revenue model
- Donor-supported. 74% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.1%; rating input score 30
- Program expense ratio: 72.9%; rating input score 73
- Fundraising efficiency: $20.77 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 59.1%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 2.23; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 30.1% of revenue deployed · 72.9% of spending went to programs
- Governance: 24 of 24 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $140K · 24 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.