Cincinnati Museum Association
- Assets
- $223.1m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 305
- Location
- Cincinnati, OH
- Founding
- 01/1934
- Data as of
- 08/2020
- EIN
- 31-0536653
Organization Overview
Cincinnati Museum Association is located in Cincinnati, OH. The organization was established in 1934. 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, Cincinnati Museum Association employed 305 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, Cincinnati Museum Association generated $26.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $17.5m during the year ending 08/2020. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE POWER OF ART, WE CONTRIBUTE TO A MORE VIBRANT CINCINNATI BY INSPIRING ITS PEOPLE AND CONNECTING OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND OPERATE AN ART MUSEUM FOR THE GENERAL PUBLIC INVOLVING PERMANENT EXHIBITS, SPECIAL EXHIBITS AND ONGOING EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Cameron Kitchin Director | OfficerTrustee | 35 | $426,186 |
Dave Linnenberg Chief Administrative Officer | Officer | 35 | $185,793 |
Carol Edmondson Chief Financial Officer | Officer | 35 | $119,898 |
Kirby Neumann Director Of Philanthropy | 35 | $108,392 | |
Bruce Petrie Jr Secretary | OfficerTrustee | 1 | $0 |
Polk Laffoon IV Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strand Associates Inc Consultant | 8/30/20 | $540,890 |
Rj Beischel Building Co Construction | 8/30/20 | $685,413 |
Turner Contruction Company General Contractor | 8/30/20 | $5,825,319 |
Debra-kuempel Hvac System Repairs/support | 8/30/20 | $329,742 |
Siemens Industry Inc Hvac System Repairs/support | 8/30/20 | $276,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $407,404 |
| Fundraising events | $44,846 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,912,501 |
| Noncash contributions included in lines 1a–1f | $594,906 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,364,751 |
| Total Program Service Revenue | $1,036,643 |
| Investment income | $4,892,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,712 |
| Net Gain/Loss on Asset Sales | $7,180 |
| Net Income from Fundraising Events | -$11,947 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $735,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,136,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $792,037 |
| Compensation of current officers, directors, key employees. | $133,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,029,561 |
| Pension plan accruals and contributions | $88,026 |
| Other employee benefits | $845,933 |
| Payroll taxes | $488,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,419 |
| Fees for services: Other | $1,305,933 |
| Advertising and promotion | $216,739 |
| Office expenses | $208,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $891,559 |
| Travel | $80,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,472,874 |
| Insurance | $0 |
| All other expenses | $613,933 |
| Total functional expenses | $17,472,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,802,443 |
| Savings and temporary cash investments | $5,424,480 |
| Pledges and grants receivable | $11,049,251 |
| Accounts receivable, net | $14,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $301,323 |
| Prepaid expenses and deferred charges | $601,120 |
| Net Land, buildings, and equipment | $30,224,414 |
| Investments—publicly traded securities | $149,829,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,835,760 |
| Total assets | $223,082,866 |
| Accounts payable and accrued expenses | $2,835,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,529,920 |
| Other liabilities | $3,807,968 |
| Total liabilities | $11,172,960 |
| Net assets without donor restrictions | $64,067,767 |
| Net assets with donor restrictions | $147,842,139 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $223,082,866 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cincinnati Museum Association has recieved totaling $377,668.
| Awarding Organization | Amount |
|---|---|
Elma M Lapp Foundation Cincinnati, OH PURPOSE: GENERAL SUPPORT | $356,868 |
Ross Charitable Tr 480009767310 Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $9,150 |
Ross Charitable Tr 480009767310 Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $9,150 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $1,500 |
Mueller Family Foundation New York, NY PURPOSE: GENERAL OPERATING | $1,000 |
Endowment Analysis
| Beg. Balance | $175,662,442 |
| Earnings | -$10,235,225 |
| Net Contributions | $624,890 |
| Other Expense | $5,969,532 |
| Ending Balance | $160,082,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Detroit Institute Of Arts Detroit, MI | $427,159,377 | $75,608,512 |
Indianapolis Museum Of Art Inc Indianapolis, IN | $469,323,358 | $50,888,212 |
Barnes Foundation Philadelphia, PA | $214,994,378 | $24,564,152 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Cincinnati Museum Association Cincinnati, OH | $223,082,866 | $26,136,607 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
J B Speed Art Museum Louisville, KY | $131,159,985 | $8,399,423 |
Grand Rapids Art Museum Grand Rapids, MI | $70,908,082 | $4,229,983 |
Frick Art & Historical Center Inc Pittsburgh, PA | $91,404,267 | $7,558,974 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $40,513,600 | $6,300,618 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |