Taft Museum Of Art

Taft Museum Of Art Overview

Taft Museum Of Art is located in Cincinnati, OH. The organization was established in 2006. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2020, Taft Museum Of Art employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 08/2020, Taft Museum Of Art generated $7.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $5.3m during the year ending 08/2020. While expenses have increased by 0.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEANINGFUL EXPERIENCES BY CONNECTING PEOPLE WITH GREAT ART, BOTH IN A HISTORIC SETTING AND IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN ADDITION TO THE HISTORIC TAFT HOUSE AND ITS PERMANENT ART COLLECTION, THE MUSEUM HOSTED TWO MAJOR TEMPORARY EXHIBITIONS DURING THE FISCAL YEAR. OVER 35,678 VISITORS HAVE PARTAKEN IN TOURING THE HOUSE AND VIEWING THE TRAVELING EXHIBITIONS. THE MUSEUM ALSO PROVIDES BOTH A CAFE AND A GIFT SHOP FOR THE COMFORT AND ENJOYMENT OF ITS VISITORS ALONG WITH THE OPPORTUNITIES TO RENT THE OUTSIDE GARDEN AND FACILITIES.


THE MUSEUM PROVIDES EDUCATIONAL PROGRAMS REACHING OUT TO SCHOOLS, FAMILIES, AND THE GENERAL PUBLIC TO ACHIEVE THE GOAL OF BRINGING THE ART COLLECTION ALIVE FOR ALL AUDIENCES. ACTIVITIES INCLUDE LECTURES, WORKSHOPS, STUDIO PROGRAMS, CONCERTS, AS WELL AS SUMMER ART CAMP AND INTERACTIVE TOURS FOR SCHOOL CHILDREN.


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Taft Museum Of Art Board, Officers & Key Employees

Name (title)Compensation
Deborah Emont Scott
Executive Director/ceo
$240,836
Lynne Ambrosini- Retired 3120
Deputy Director
$124,988
Lindsey Necamp
Vice President
$100,366
Beth K Siler
CFO
$90,721
Gerald H Greene
Chair
$0
David L Hausrath
Treasurer
$0

Taft Museum Of Art Vendors

Vendor Name (Service)Compensation
Gbbn Architects Inc
Architecture
$409,933
Guard One
Security
$126,950
Building Management Partners
Facility Management
$185,258
New York Historical Society
Exhibition Rental
$101,575
Hgc Construction
Construction
$101,094
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$88,240
Related organizations$0
Government grants $696,939
All other contributions, gifts, grants, and similar amounts not included above$4,685,998
Noncash contributions included in lines 1a–1f $94,499
Total Revenue from Contributions, Gifts, Grants & Similar$5,471,177
Total Program Service Revenue$476,408
Investment income $1,260,195
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $134,764
Net Income from Fundraising Events $57,254
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $37,045
Miscellaneous Revenue$0
Total Revenue $7,451,068

Taft Museum Of Art Grants Recieved

Over the last fiscal year, we have identified 13 grants that Taft Museum Of Art has recieved totaling $364,535.

Awarding OrganizationAmount
Louise H And David S Ingalls Foundation Inc

Shaker Heights, OH

PURPOSE: ARTS & CULTURE

$250,000
Wohlgemuth Herschede Foundation

Cincinnati, OH

PURPOSE: PROGRAM SUPPORT

$20,000
Wohlgemuth Herschede Foundation

Cincinnati, OH

PURPOSE: PROGRAM SUPPORT

$20,000
Charles Scott Riley Iii Foundation

Cincinnati, OH

PURPOSE: PROMOTE CHARITABLE PURPOSE

$20,000
Ross Charitable Tr 480009767310

Cincinnati, OH

PURPOSE: GENERAL OPERATING SUPPORT

$10,980
Ross Charitable Tr 480009767310

Cincinnati, OH

PURPOSE: GENERAL OPERATING SUPPORT

$10,980
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,404,027
Earnings$1,144,979
Net Contributions$987,276
Other Expense$1,277,170
Ending Balance$19,259,112

Taft Museum Of Art Peer Organizations

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