THE CENTER FOR CONTEMPORARY ART

EIN: 237258510 501(c)(3) Arts, Culture & Humanities

BEDMINSTER, NJ

Total Revenue
$586,723
Total Expenses
$645,399
Total Assets
$243,162
Net Assets
$115,251
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NJ
Principal Officer
Sherry Wrana
Phone
9082342345
Tax Period
2024-01-01 to 2024-12-31

THE CENTER FOR CONTEMPORARY ART, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $645K exceeded revenue, resulting in a 10% operating deficit.

Mission

To provide a vibrant, contemporary cultural center through arts education, exhibitions and community outreach that will inspire creativity and enhance people's lives

Program Service Accomplishments

Program 1
Expenses: $404,674 Revenue: $428,761

EducationThe Center for Contemporary Art offers a full range of virtual and in person studio classes and workshops taught by professional teaching artists year-round in a variety of media including...

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EducationThe Center for Contemporary Art offers a full range of virtual and in person studio classes and workshops taught by professional teaching artists year-round in a variety of media including oils, acrylic and watercolor, pastel, wheel and hand-built ceramics, Gouache, watercolor, pen and ink, drawing, sculpture, photography and mixed media. Courses are multi-level and designed for all ages, levels of experience, and ability. Week-long summer art camps are offered July-August, in person and with hybrid options (students participate both virtually and in person), as well as art camps for children with special needs.

Program 2
Expenses: $71,471 Revenue: $14,531

Exhibitions/GalleryThe Center for Contemporary Art presents both in person and virtual rotating high quality exhibitions of contemporary art by emerging, mid-career and under-represented artists in a...

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Exhibitions/GalleryThe Center for Contemporary Art presents both in person and virtual rotating high quality exhibitions of contemporary art by emerging, mid-career and under-represented artists in a variety of media and subject matter. The Center's members and students and Somerset County school children also benefit from annual exhibition opportunities. An annual International Juried Exhibition awards cash prizes and solo exhibition awards. Virtual opening receptions and artist studio visits round out the program. Gallery admission is by suggested donation and exhibitions are fully-accessible.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,117
Program Service Revenue $436,711
Investment Income $2,675
Other Revenue $14,220
TOTAL REVENUE $586,723

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,731
Fundraising Expenses $77,089
Program Expenses $476,145
Other Expenses $316,668
TOTAL EXPENSES $645,399

Year-over-Year Comparison

2024 2023 Change
Revenue $586,723 $637,378 -0.1%
Expenses $645,399 $621,716 +0.0%
Net Income $-58,676 $15,662 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
12
Volunteers
79

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$90,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cyndi Wish Fmr Exec Direc. 40.00
Officer
$90,000 $0 $90,000
Shourabh Mukherji Vice President 2.00
Officer Director
$0 $0 $0
Sherry Wrana President 2.00
Director
$0 $0 $0
Sean Blinn Trustee 2.00
Director
$0 $0 $0
Louise Cullen Robinson Trustee 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $586,723 $645,399 $243,162 $-58,676
2023 $637,378 $621,716 $293,487 $15,662
2022 $590,474 $566,741 $282,050 $23,733
2021 $555,167 $530,556 $292,268 $24,611
2020 $475,529 $506,018 $256,204 $-30,489
2019 $567,673 $611,590 $168,485 $-43,917
2018 $540,687 $595,820 $212,812 $-55,133
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