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Contemporary Art Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Art Museums (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$552k (2022)

Expenses
$700k (2022)

Total Assets
$3.88M (2022)

Total Liabilities
$1.09M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$552,436
Expenses
$700,163
Net Income
-$147,727
Net Assets
$2,787,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $399,351
72.3%
Program Services $88,130
16.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,955
11.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $123,634
17.7%
Assets/Debt
Total Assets $3,876,404
Total Liabilities $1,089,206
Net Assets $2,787,198
Compensation
Key Employees and Officers Compensation Related Other
Lisa Mc Gowan (Ec At Large) $0 $0 $0
Fred Beaujeu Dufour (Director) $0 $0 $0
Tim Capps (Director) $0 $0 $0
Paul Coggins (Director) $0 $0 $0
Leah Goodnight Tyler (Director) $0 $0 $0
Peter Duffley (Director) $0 $0 $0
Debbie Hammersla (Director) $0 $0 $0
Justin Leblanc (Director) $0 $0 $0
Matt Lee (Director) $0 $0 $0
Craig Mc Duffie (Director) $0 $0 $0
Van Nolintha (Director) $0 $0 $0
Melanie Regner (Director) $0 $0 $0
Kenneth Reiter (Director) $0 $0 $0
Jesma Reynolds (Director) $0 $0 $0
Beth Robinson (Director) $0 $0 $0
Martha Scneider (Director) $0 $0 $0
Susan Singer (Director) $0 $0 $0
Joy Sloan (Director) $0 $0 $0
Allen Thomas Jr (Director) $0 $0 $0
Sarah Yarborough (Director) $0 $0 $0
Smedes York (Director) $0 $0 $0
Scott Bayzle (Director) $0 $0 $0
Andy May (Chair) $0 $0 $0
Andrea Hoyt (Vice Chair) $0 $0 $0
Meredith Nelson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$561,724
Expenses
$773,436
Net Income
-$211,712
Net Assets
$2,869,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $461,855
82.2%
Program Services $40,553
7.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $59,316
10.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $80,000
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $113,446
14.7%
Assets/Debt
Total Assets $4,075,454
Total Liabilities $1,206,278
Net Assets $2,869,176
Compensation
Key Employees and Officers Compensation Related Other
Lisa Mc Gowan (Ec At Large) $0 $0 $0
Fred Beaujeu Dufour (Director) $0 $0 $0
Tim Capps (Director) $0 $0 $0
Paul Coggins (Director) $0 $0 $0
Leah Goodnight Tyler (Director) $0 $0 $0
Peter Duffley (Director) $0 $0 $0
Debbie Hammersla (Director) $0 $0 $0
Justin Leblanc (Director) $0 $0 $0
Matt Lee (Director) $0 $0 $0
Craig Mc Duffie (Director) $0 $0 $0
Van Nolintha (Director) $0 $0 $0
Melanie Regner (Director) $0 $0 $0
Kenneth Reiter (Director) $0 $0 $0
Jesma Reynolds (Director) $0 $0 $0
Beth Robinson (Director) $0 $0 $0
Martha Scneider (Director) $0 $0 $0
Susan Singer (Director) $0 $0 $0
Joy Sloan (Director) $0 $0 $0
Allen Thomas Jr (Director) $0 $0 $0
Sarah Yarborough (Director) $0 $0 $0
Smedes York (Director) $0 $0 $0
Scott Bayzle (Director) $0 $0 $0
Andy May (Chair) $0 $0 $0
Andrea Hoyt (Vice Chair) $0 $0 $0
Meredith Nelson (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$721,099
Expenses
$961,751
Net Income
-$240,652
Net Assets
$3,341,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $524,243
72.7%
Program Services $171,951
23.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $24,905
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,000
16.6%
Professional Fundraising Fees $0
Other Salaries and Wages $60,460
6.3%
Assets/Debt
Total Assets $4,491,465
Total Liabilities $1,150,307
Net Assets $3,341,158
Compensation
Key Employees and Officers Compensation Related Other
Gab Smith (Executive Director) $80,000 $0 $0
Eric Gaard (Exhibitions Director) $80,000 $0 $0
Lisa Mc Gowan (Ec At Large) $0 $0 $0
Fred Beaujeu Dufour (Director) $0 $0 $0
Tim Capps (Director) $0 $0 $0
Paul Coggins (Director) $0 $0 $0
Leah Goodnight Tyler (Director) $0 $0 $0
Peter Duffley (Director) $0 $0 $0
Debbie Hammersla (Director) $0 $0 $0
Justin Leblanc (Director) $0 $0 $0
Matt Lee (Director) $0 $0 $0
Craig Mc Duffie (Director) $0 $0 $0
Van Nolintha (Director) $0 $0 $0
Melanie Regner (Director) $0 $0 $0
Kenneth Reiter (Director) $0 $0 $0
Jesma Reynolds (Director) $0 $0 $0
Beth Robinson (Director) $0 $0 $0
Martha Scneider (Director) $0 $0 $0
Susan Singer (Director) $0 $0 $0
Joy Sloan (Director) $0 $0 $0
Allen Thomas Jr (Director) $0 $0 $0
Sarah Yarborough (Director) $0 $0 $0
Smedes York (Director) $0 $0 $0
Scott Bayzle (Director) $0 $0 $0
Andy May (Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$815,341
Expenses
$1,100,221
Net Income
-$284,880
Net Assets
$5,188,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $563,119
69.1%
Program Services $94,458
11.6%
Investment Income $60
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $122,990
15.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34,714
4.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,000
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $124,595
11.3%
Assets/Debt
Total Assets $6,300,637
Total Liabilities $1,111,905
Net Assets $5,188,732
Compensation
Key Employees and Officers Compensation Related Other
Gab Smith (Executive Director) $80,000 $0 $0
Eric Gaard (Exhibitions Director) $80,000 $0 $0
Lisa Mcgowan (Ec At Large) $0 $0 $0
Scott Bayzle (Director) $0 $0 $0
Fred Beaujeu Dufour (Director) $0 $0 $0
Tim Capps (Director) $0 $0 $0
Paul Coggins (Director) $0 $0 $0
Leah Goodnight Tyler (Director) $0 $0 $0
Peter Duffley (Director) $0 $0 $0
Debbie Hammersla (Director) $0 $0 $0
Justin Leblanc (Director) $0 $0 $0
Matt Lee (Director) $0 $0 $0
Craig Mcduffie (Director) $0 $0 $0
Van Nolintha (Director) $0 $0 $0
Melanie Regner (Director) $0 $0 $0
Kenneth Reiter (Director) $0 $0 $0
Jesma Reynolds (Director) $0 $0 $0
Beth Robinson (Director) $0 $0 $0
Martha Scneider (Director) $0 $0 $0
Susan Singer (Director) $0 $0 $0
Joy Sloan (Director) $0 $0 $0
Allen Thomas Jr (Director) $0 $0 $0
Sarah Yarborough (Director) $0 $0 $0
Smedes York (Director) $0 $0 $0
John Holmes (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$890,058
Expenses
$1,164,937
Net Income
-$274,879
Net Assets
$7,878,151
Notable Sources of Revenue Percent of Total Revenue
Contributions $749,905
84.3%
Program Services $106,637
12.0%
Investment Income $347
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $23,901
2.7%
Sales of Assets $0
Net Inventory Sales $1,794
0.2%
Other Revenue $7,474
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $80,000
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $161,384
13.9%
Assets/Debt
Total Assets $8,794,109
Total Liabilities $915,958
Net Assets $7,878,151
Compensation
Key Employees and Officers Compensation Related Other
Gab Smith (Executive Director) $76,809 $0 $0
Fred Beaujeu Dufour (Director) $0 $0 $0
Smedes York (Director) $0 $0 $0
Charman Driver (Past Chair) $0 $0 $0
Sarah Yarborough (Director) $0 $0 $0
Allen Thomas (Director) $0 $0 $0
Martha Schneider (Director) $0 $0 $0
Justin Leblanc (Director) $0 $0 $0
Matt Lee (Director) $0 $0 $0
Ken Reiter (Director) $0 $0 $0
Kim Elenez (Director) $0 $0 $0
Paul Coggins (Director) $0 $0 $0
Peter Duffley (Director) $0 $0 $0
Debbie Hammersla (Director) $0 $0 $0
Lisa Mcgowan (Director) $0 $0 $0
Andrea Hoyt (Director) $0 $0 $0
John Holmes (Director) $0 $0 $0
Susan Singer (Director) $0 $0 $0
Van Nolintha (Director) $0 $0 $0
Tim Capps (Director) $0 $0 $0
Scott Bayzle (Director) $0 $0 $0
Leah Goodnight Tyler (Director) $0 $0 $0
Craig Mcduffie (Director) $0 $0 $0
Joy Sloan (Director) $0 $0 $0
Melanie Regner (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$749,635
Expenses
$202,169
Net Income
$547,466
Net Assets
$7,517,429
Notable Sources of Revenue Percent of Total Revenue
Contributions $692,238
92.3%
Program Services $0
Investment Income $34,111
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $22,690
3.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $596
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $63,593
31.5%
Professional Fundraising Fees $0
Other Salaries and Wages $26,698
13.2%
Assets/Debt
Total Assets $8,232,765
Total Liabilities $715,336
Net Assets $7,517,429

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$643,940
Expenses
$243,333
Net Income
$400,607
Net Assets
$6,968,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $594,220
92.3%
Program Services $0
Investment Income $34,065
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $15,655
2.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $83,661
34.4%
Professional Fundraising Fees $0
Other Salaries and Wages $30,598
12.6%
Assets/Debt
Total Assets $7,689,412
Total Liabilities $720,880
Net Assets $6,968,532

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,145,258
Expenses
$236,923
Net Income
$908,335
Net Assets
$6,546,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,093,292
95.5%
Program Services $0
Investment Income $34,065
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $17,901
1.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,250
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $98,431
41.5%
Assets/Debt
Total Assets $7,236,066
Total Liabilities $689,809
Net Assets $6,546,257

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,266,281
Expenses
$355,585
Net Income
$1,910,696
Net Assets
$5,635,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $595,029
26.3%
Program Services $0
Investment Income $34,065
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $37,172
1.6%
Sales of Assets $15
0.0%
Net Inventory Sales $0
Other Revenue $1,600,000
70.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $150,000
42.2%
Professional Fundraising Fees $0
Other Salaries and Wages $22,968
6.5%
Assets/Debt
Total Assets $6,366,249
Total Liabilities $730,405
Net Assets $5,635,844

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$328,046
Expenses
$413,499
Net Income
-$85,453
Net Assets
$3,725,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $442,385
> 100%
Program Services $0
Investment Income $34,065
10.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$148,404
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $89,863
21.7%
Professional Fundraising Fees $0
Other Salaries and Wages $31,883
7.7%
Assets/Debt
Total Assets $6,158,597
Total Liabilities $2,433,449
Net Assets $3,725,148

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,496
Expenses
$453,546
Net Income
-$86,050
Net Assets
$3,810,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $382,176
> 100%
Program Services $0
Investment Income $34,065
9.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$48,909
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $164
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,148
16.3%
Professional Fundraising Fees $0
Other Salaries and Wages $34,583
7.6%
Assets/Debt
Total Assets $6,237,011
Total Liabilities $2,426,410
Net Assets $3,810,601

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,728,777
Expenses
$386,547
Net Income
$1,342,230
Net Assets
$3,853,965
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,776
6.9%
Program Services $0
Investment Income $27,063
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$28,555
Sales of Assets $951,141
55.0%
Net Inventory Sales $0
Other Revenue $660,352
38.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,562
19.8%
Professional Fundraising Fees $0
Other Salaries and Wages $13,536
3.5%
Assets/Debt
Total Assets $6,888,365
Total Liabilities $3,034,400
Net Assets $3,853,965

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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