Cincinnati Institute Of Fine Arts

Organization Overview

Cincinnati Institute Of Fine Arts, operating under the name Artswave, is located in Cincinnati, OH. The organization was established in 1951. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Artswave employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artswave is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, Artswave generated $18.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $15.0m during the year ending 08/2021. While expenses have increased by 1.8% per year over the past 6 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.

Since 2020, Artswave has awarded 156 individual grants totaling $20,701,449. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WITH FUNDING, SERVICES, AND ADVOCACY, ARTSWAVE FUELS A MORE VIBRANT ECONOMY AND CONNECTED COMMUNITY THROUGH THE ARTS.

Describe the Organization's Program Activity:

GRANTMAKING: MANAGEMENT OF ANNUAL COMMUNITY CAMPAIGN FOR THE ARTS TO PROVIDE THE RESOURCES USED TO MAKE DISTRIBUTIONS OF FINANCIAL GRANTS TO ORGANIZATIONS THROUGHOUT THE GREATER CINCINNATI REGION. THESE GRANTS HELP THEM CREATE A VITAL ARTS SCENE AND ALL THE COMMUNITY-WIDE BENEFITS THAT COME WITH IT, INCLUDING ECONOMIC VITALITY AND A GREATER SENSE OF CONNECTEDNESS FOR THE PEOPLE OF THE REGION. DISTRIBUTIONS SUPPORT A WIDE VARIETY OF ARTS AND CULTURE GROUPS THAT REFLECT AND BENEFIT THE COMMUNITY IN ALL ITS DIVERSITY.


MARKETING THE IMPACT OF THE ARTS: ORGANIZATION OF SEVERAL DAYS OF FREE SAMPLINGS OF VISUAL AND PERFORMING ARTS AT MULTIPLE VENUES ACROSS THE REGIONAL COMMUNITY. ORGANIZATION OF COMMUNITY ENGAGEMENT EVENTS THAT CONNECT PEOPLE THROUGH THE ARTS. DEVELOPMENT AND EXECUTION OF MARKETING AND PUBLIC RELATIONS STRATEGY THAT BUILDS BROAD SUPPORT FOR THE ARTS BY FOCUSING ON THE COMMUNITY IMPACT OF ARTS ORGANIZATIONS.


MEASURING IMPACT: COLLECTION OF DATA WHICH MEASURES THE IMPACT OF THE ARTS AS LOCAL ARTS ORGANIZATIONS CREATE ECONOMIC VITALITY, VIBRANT NEIGHBORHOODS, AND A MORE CONNECTED COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Alecia Kintner
President & CEO
$218,857
Lisa Wolter
Vp, Comm. Campaign
$121,798
Dennis Lyons
Sr. Director It
$116,630
Kathy Debrosse
Vp, Marketing
$111,864
Kate Kennedy
COO
$103,024
Samantha Cribbet
Vp, Finance
$96,028

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hale Justis Llc
Rental Property
$109,991
Cincinnati Business Courier
Advertising
$101,065
Stratus Live
Donor Database Management
$179,051
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $314,082
All other contributions, gifts, grants, and similar amounts not included above$11,887,654
Noncash contributions included in lines 1a–1f $167,349
Total Revenue from Contributions, Gifts, Grants & Similar$12,201,736
Total Program Service Revenue$20,148
Investment income $1,302,300
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,747,919
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,167,716

Grants Awarded

Over the last fiscal year, Cincinnati Institute Of Fine Arts has awarded $10,343,838 in support to 85 organizations.

Grant RecipientAmount

CINCINNATI SYMPHONY ORCHESTRA

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: Sustaining Impact Support

$2,503,927

CINCINNATI MUSEUM ASSOCIATION (CAM)

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: Sustaining Impact Support

$1,350,000

CINCINNATI PLAYHOUSE IN THE PARK

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: Sustaining Impact Support

$1,145,100

CINCINNATI BALLET

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: Sustaining Impact Support

$796,500

CINCINNATI OPERA

PURPOSE: Sustaining Impact Support

$738,900

TAFT MUSEUM OF ART

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: Sustaining Impact Support

$341,091
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 26 grants that Cincinnati Institute Of Fine Arts has recieved totaling $2,078,920.

Awarding OrganizationAmount
Greater Cincinnati Foundation

Cincinnati, OH

PURPOSE: GENERAL PURPOSE

$1,203,085
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$140,288
St Elizabeth Medical Center Inc

Edgewood, KY

PURPOSE: Program Support

$113,500
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$105,274
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$105,274
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$68,783
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$61,607,509
Earnings$15,230,707
Admin Expense$113,889
Net Contributions-$1,028,377
Other Expense$2,210,766
Grants$147,046
Ending Balance$73,338,138

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