Cincinnati Museum Center
- Assets
- $282.6m
- Revenue
- $49.5m
- Investments
- $526.0k
- Employees
- 255
- Location
- Cincinnati, OH
- Founding
- 10/1987
- Data as of
- 06/2020
- EIN
- 31-1212634
Organization Overview
Cincinnati Museum Center is located in Cincinnati, OH. The organization was established in 1987. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Cincinnati Museum Center employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Museum Center 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 06/2020, Cincinnati Museum Center generated $49.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $22.2m during the year ending 06/2020. While expenses have increased by 2.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CINCINNATI MUSEUM CENTER INSPIRES PEOPLE OF ALL AGES TO LEARN MORE ABOUT OUR WORLD THROUGH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THREE MUSEUMS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS ARE OPEN TO THE PUBLIC 363 DAYS EACH YEAR. CINCINNATI HISTORY MUSEUM, CINCINNATI MUSEUM OF NATURAL HISTORY AND SCIENCE, AND DUKE ENERGY CHILDREN'S MUSEUM PROVIDE PUBLIC EXHIBITS AND INTERACTIVE PROGRAMMING FOR VISITORS OF ALL AGES. WE CREATE EXHIBITS THAT TRAVEL TO OTHER MUSEUMS IN NORTH AMERICA AND ALSO HOST TEMPORARY EXHIBITS THAT WE RENT FROM OTHER ORGANIZATIONS TO SUPPLEMENT THE TOPICS PRESENTED IN OUR PERMANENT MUSEUM EXHIBITS. OMNIMAX LARGE-FORMAT FILM THEATER PRESENTS FILMS ON NATURAL AND CULTURAL HISTORY TOPICS. WE HAVE PARTICIPATED IN THE PRODUCTION OF FILMS SHOWN WORLDWIDE. FILMS ARE OFTEN SELECTED TO COMPLEMENT CURRENT EXHIBIT TOPICS, ENHANCING OUR ABILITY TO PROVIDE MEANINGFUL EDUCATIONAL OPPORTUNITIES TO OUR REGIONAL AUDIENCE.
COLLECTIONS MANAGEMENT AND RESEARCH. PRESERVATION AND CONSERVATION OF OBJECTS IN OUR COLLECTIONS FOR USE BY CURRENT AND FUTURE GENERATIONS OF SCIENTISTS AND HISTORIANS, AS WELL AS PROVIDING OBJECTS AND INFORMATION ABOUT THEM FOR OUR MUSEUM EXHIBITS. OUR STAFF CONDUCTS FIELD INVESTIGATIONS IN PALEONTOLOGY, ARCHAEOLOGY AND ZOOLOGY TO INCREASE OUR UNDERSTANDING OF LIFE PROCESSES, EARTH AND HUMAN HISTORY. THIS RESEARCH PROVIDES INFORMATION AND MATERIAL FOR EXHIBITS AND FOR ARTICLES PUBLISHED IN POPULAR AND SCIENTIFIC JOURNALS. 1.8 MILLION OBJECTS, ARTIFACTS AND DOCUMENTS ARE CURATED BY CMC , INCLUDING A NUMBER OF EXCLUSIVE AND BEST IN CLASS COLLECTIONS.
EDUCATIONAL PROGRAMS INCLUDE CLASSES, WORKSHOPS, DAY CAMPS, OVERNIGHT CAMPS, LECTURES AND TOURS THAT INTERPRET AND EXPAND ON MUSEUM EXHIBIT THEMES. ONE LARGE AND TWO SMALL THEATER SPACES ARE USED FOR LIVE PERFORMANCES THAT BRING HISTORICAL EVENTS TO LIFE, PROVIDING REINFORCEMENT OF TOPICS AND AN ADDITIONAL AVENUE FOR MISSION DELIVERY. SCHOOL GROUP PROGRAMS ARE PROVIDED IN OUR MUSEUMS AND ALSO AT SCHOOL SITES. DOCENTS ARE STATIONED IN ALL MUSEUM EXHIBIT AREAS TO INTERACT WITH VISITORS AND ENHANCE THE VISITOR'S LEARNING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Pierce President And CEO | OfficerTrustee | 40 | $259,187 |
Jill Berkemeier VP Of Admin & CFO | Officer | 40 | $180,301 |
Scott Schuster VP Of Philanthropy | 45 | $160,074 | |
Whitney Owens Chief Learning Officer | 45 | $116,070 | |
Allison Kropp Vice Chair | OfficerTrustee | 2 | $0 |
Martine Dunn Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Balance Studio Inc Exhibit Installation | 6/29/20 | $107,500 |
River City Furniture Llc Furniture Purchase, Moving & Installatio | 6/29/20 | $619,396 |
Ignite Philanthropy Philanthropy Consulting | 6/29/20 | $195,000 |
River City Furniture Llc Furniture Purchase, Moving & Installatio | 6/29/20 | $619,396 |
Absolute Tax Credit Investments Llc Tax Credit Consulting | 6/29/20 | $217,644 |
Roto Group Llc Exhibit Design And Installation | 6/29/20 | $2,682,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,616,153 |
| Investment income | $505,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,532 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,474,377 |
| Statement of Expenses | |
|---|---|
| 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. | $549,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,841,679 |
| Pension plan accruals and contributions | $191,039 |
| Other employee benefits | $646,002 |
| Payroll taxes | $621,412 |
| Fees for services: Management | $3,464,247 |
| Fees for services: Legal | $68,628 |
| Fees for services: Accounting | $55,977 |
| Fees for services: Lobbying | $105,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,428 |
| Fees for services: Other | $585,181 |
| Advertising and promotion | $99,591 |
| Office expenses | $479,625 |
| Information technology | $233,179 |
| Royalties | $17,324 |
| Occupancy | $1,943,884 |
| Travel | $61,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,849 |
| Interest | $758,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,934,756 |
| Insurance | $208,677 |
| All other expenses | $0 |
| Total functional expenses | $22,180,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,149,217 |
| Savings and temporary cash investments | $2,914,649 |
| Pledges and grants receivable | $4,032,253 |
| Accounts receivable, net | $2,062,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $296,047 |
| Investments—publicly traded securities | $18,054,334 |
| Investments—other securities | $526,037 |
| Investments—program-related | $202,635,969 |
| Intangible assets | $0 |
| Other assets | $21,777,295 |
| Total assets | $282,646,725 |
| Accounts payable and accrued expenses | $1,738,339 |
| Grants payable | $0 |
| Deferred revenue | $6,178,759 |
| 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 | $2,883,000 |
| Other liabilities | $113,320 |
| Total liabilities | $10,913,418 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $271,733,307 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cincinnati Museum Center has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Thomas R Schiff Foundation Cincinnati, OH PURPOSE: BIENNIAL PROJECT GRANT | $3,000 |
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $500 |
Endowment Analysis
| Beg. Balance | $41,953,380 |
| Earnings | $12,907,916 |
| Admin Expense | $84,269 |
| Net Contributions | $20,463,648 |
| Other Expense | $2,370,016 |
| Ending Balance | $72,870,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |