The Board of Directors of Indianapolis Contemporary, Inc. (I/C, formerly iMOCA) has voted to begin the process of closing down operations. The decision was reached after an internal review which determined it was not economically feasible to continue operations.

I/C Board President Casey Cronin explained further, "The challenges of operating a contemporary art nonprofit organization in Indianapolis have been considerable since our founding in 2001. After navigating our relaunch and new direction during the last year, the impact of the coronavirus is certain to exacerbate economic hardships and reduce exhibition opportunities. We have concluded our operations are not sustainable. We are not alone as other arts institutions struggle in this crisis."

iMOCA and I/C curated many engaging and sometimes challenging exhibitions over the last 19 years, fulfilling its mission to connect people to inspiring and innovative art of our time. "Since art celebrates the human spirit, gives meaning, and expands our perspectives, we hope this mission will persevere as others continue to exhibit living artists", Casey continued.

Former executive director and current board treasurer, Paula Katz, added, "We are grateful for all of our supporters and friends, especially Jeremy Efroymson and the Efroymson Family Fund of the Central Indiana Community Foundation, who has provided significant funding and inspiration over the past 19 years. We are also grateful for the dedication of our staff, our artists, curators, contractors, vendors, partners, our volunteer Board of Directors and Board of Advisors who have given their time and counsel to our mission."