INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO

EIN: 881225820 501(c)(3) Arts, Culture & Humanities

SAN FRANCISCO, CA

Total Revenue
$2,534,744
Total Expenses
$2,195,382
Total Assets
$514,047
Net Assets
$479,857
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
ALISON GASS
Phone
4152269250
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 13% surplus.

Mission

THE INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO (ICA SF) IS A FREE, NON-COLLECTING CONTEMPORARY ART MUSEUM. ICA SF OFFERS ARTISTS FROM ALL OVER THE WORLD AN OPPORTUNITY TO PUSH BOUNDARIES, EXPERIMENT WITH NEW IDEAS, AND TAKE RISKS. THROUGH PARTNERSHIPS WITH ARTISTS AND COLLABORATORS, ICA SF SEEKS TO EXPLORE THE MOST CRITICAL SOCIAL, POLITICAL, AND CULTURAL ISSUES HAPPENING IN THE WORLD AROUND US THROUGH THE LENS OF ARTISTIC PRACTICE AND IS COMMITTED TO EXPANDING THE FUTURE CANON OF ARTISTS SHOWN IN INSTITUTIONS. BUILDING UPON THE LESSONS LEARNED IN THE FIRST "START UP" YEARS, ICA SF REMAINS CONTINUOUSLY "UNDER CONSTRUCTION," COMMITTING TO A NIMBLENESS RARELY FOUND IN ART INSTITUTIONS. ICA SF SEEKS TO MAKE CONTEMPORARY ART RELEVANT AND MEANINGFUL FOR ALL AUDIENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,475,356
Program Service Revenue $0
Investment Income $896
Other Revenue $58,492
TOTAL REVENUE $2,534,744

Expense Breakdown

Grants Paid $0
Salaries & Benefits $865,247
Fundraising Expenses $447,687
Program Expenses $1,488,025
Other Expenses $1,330,135
TOTAL EXPENSES $2,195,382

Year-over-Year Comparison

2024 2023 Change
Revenue $2,534,744 $2,223,505 +0.1%
Expenses $2,195,382 $2,446,259 -0.1%
Net Income $339,362 $-222,754 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
12
Volunteers
13

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
4
$282,109
Total Directors
14
$212,330
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ETHAN BEARD CHAIR 2.00
Officer Director
$0 $0 $0
SUSAN SWIG VICE CHAIR 1.00
Director
$0 $0 $0
ALISON GASS PRESIDENT, KREIGER FAMILY 40.00
Officer Director
$183,904 $28,426 $212,330
DAVID HORNIK TREASURER 1.00
Director
$0 $0 $0
CATIA HAGOPIAN SECRETARY 2.00
Officer Director
$0 $0 $0
KAYLEEN ARNKE DIRECTOR 1.00
Director
$0 $0 $0
MIA CONWAY DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY DAUBER DIRECTOR 1.00
Director
$0 $0 $0
LIZELLE GREEN DIRECTOR 1.00
Director
$0 $0 $0
PAMELA HORNIK DIRECTOR 1.00
Director
$0 $0 $0
RACHEL JONES DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
GABRIELLA MISHEV DIRECTOR 1.00
Director
$0 $0 $0
MAX OBATA DIRECTOR 1.00
Director
$0 $0 $0
WENDY CHANG CHIEF FINANCIAL OFFICER 20.00
Officer
$69,779 $0 $69,779
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
2024 $2,534,744 $2,195,382 $514,047 $339,362
2023 $2,223,505 $2,446,259 $1,736,521 $-222,754
2022 $2,607,776 $1,748,026 $2,387,678 $859,750
2022 $2,607,776 $1,769,865 $2,365,839 $837,911
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