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Filing year 2023

THE INSTITUTE OF CONTEMPORARY ART INC

Boston, Massachusetts·EIN 04-2104327·NTEE A510 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$20.4M
Total assets
$130.4M
Total expenses
$20.4M
Reported officers
50
Mission

THE MISSION OF THE INSTITUTE OF CONTEMPORARY ART ("ICA") IS TO SHARE THE PLEASURES OF REFLECTION, INSPIRATION, PROVOCATION, AND IMAGINATION THAT CONTEMPORARY ART OFFERS THROUGH PUBLIC ACCESS TO ART, ARTISTS, AND THE CREATIVE PROCESS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Massachusetts.

Director/ex-officio
Officer (Unspecified)
$548k
$604k
Base
$501k
Bonus
Other
$9k
Benefits
$21k
Director of Development
Above 90th percentilevs Arts, Culture & Humanities peers nationwide
$279k
$307k
Base
$229k
Bonus
$10k
Other
Benefits
$27k
Chief Financial & Operating Officer
75th to 90th percentile
$268k
$295k
Base
$212k
Bonus
$10k
Other
Benefits
$34k
Communications & Marketing Officer
Highest Compensated Employee
75th to 90th percentile
$212k
$234k
Base
$174k
Bonus
Other
Benefits
$29k
Director of Individual Giving
Highest Compensated Employee
75th to 90th percentile
$208k
$229k
Base
$169k
Bonus
Other
Benefits
$30k
Of Public Engagement and Planning
Highest Compensated Employee
75th to 90th percentile
$201k
$222k
Base
$191k
Bonus
Other
Benefits
$666
Director for Curatorial Affairs
Key Employee
Median to 75th percentilevs Arts, Culture & Humanities peers nationwide
$189k
$209k
Base
$179k
Bonus
Other
Benefits
$2k
Of Performing Arts & Media Arts
Highest Compensated Employee
Median to 75th percentile
$177k
$194k
Base
$159k
Bonus
Other
Benefits
$9k
Director of Curatorial Affairs
Former Officer/director/trustee
Median to 75th percentilevs Arts, Culture & Humanities peers nationwide
$139k
$153k
Base
$122k
Bonus
Other
Benefits
$11k
Gov./sec./clerk
Officer (Unspecified)
$137k
$151k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 40 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE INSTITUTE OF CONTEMPORARY ART INC equaled 3% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2023)
3%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 2%
from 2022

From $559k in 2022 to $548k in 2023.

$559k
2022
$548k
2023
In today's dollarsEst.
Down 5% in real terms$638k to $604k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Development Officer pay rose 8% from 2022 to 2023, while revenue fell 12%.

$258k in 2022 to $279k in 2023.
  • Chief Financial Officer pay rose 4% from 2022 to 2023.
  • Highest Compensated Employee pay rose 5% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE INSTITUTE OF CONTEMPORARY ART INC

What does the Chief Development Officer of THE INSTITUTE OF CONTEMPORARY ART INC earn?

In 2023, the Chief Development Officer of THE INSTITUTE OF CONTEMPORARY ART INC received $278,838 in total compensation. This pay is in the top 10% for Chief Development Officer roles among Arts, Culture & Humanities organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Development Officer pay at THE INSTITUTE OF CONTEMPORARY ART INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations nationwide, the 2023 pay of the Chief Development Officer at THE INSTITUTE OF CONTEMPORARY ART INC falls in the top 10%. In 2023, the highest total compensation at THE INSTITUTE OF CONTEMPORARY ART INC equaled 3% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are THE INSTITUTE OF CONTEMPORARY ART INC's revenue and expenses?

In 2023, THE INSTITUTE OF CONTEMPORARY ART INC reported $20.4M in total revenue and $20.4M in total expenses on its IRS Form 990.

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