Butler Institute Of American Art
- Assets
- $65.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Youngstown, OH
- Founding
- 06/1936
- Data as of
- 06/2023
- EIN
- 34-0748495
Organization Overview
Butler Institute Of American Art is located in Youngstown, OH. The organization was established in 1936. 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 06/2023, Butler Institute Of American Art employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butler Institute Of American Art 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 06/2023, Butler Institute Of American Art generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE APPRECIATION OF ART THROUGH COLLECTIONS, EXHIBITS, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART COLLECTIONS
ART EXHIBITS
EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Shultz President (thru 9/22) | OfficerTrustee | 1 | $0 |
Gary Bitonte MD Trustee | Trustee | 1 | $0 |
Thomas J Cavalier Treasurer | OfficerTrustee | 1 | $0 |
Vincent Bacon Secretary (thru 9/22) | OfficerTrustee | 1 | $0 |
Bobby Baker Trustee | Trustee | 1 | $0 |
Judge Carla J Baldwin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,030 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $690,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,581,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,298,037 |
| Total Program Service Revenue | $34,892 |
| Investment income | $1,189,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,168 |
| Net Gain/Loss on Asset Sales | $1,046,144 |
| Net Income from Fundraising Events | $11,122 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,089 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,627,797 |
| 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. | $215,000 |
| Compensation of current officers, directors, key employees. | $86,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,096,694 |
| Pension plan accruals and contributions | $68,071 |
| Other employee benefits | $239,923 |
| Payroll taxes | $97,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,336 |
| Fees for services: Lobbying | $23,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $215,510 |
| Fees for services: Other | $117,954 |
| Advertising and promotion | $44,580 |
| Office expenses | $36,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,120 |
| Travel | $11,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,924 |
| Insurance | $100,788 |
| All other expenses | $58,300 |
| Total functional expenses | $3,541,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,947 |
| Savings and temporary cash investments | $1,015,196 |
| Pledges and grants receivable | $423,776 |
| Accounts receivable, net | $85,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,865 |
| Prepaid expenses and deferred charges | $66,705 |
| Net Land, buildings, and equipment | $8,878,898 |
| Investments—publicly traded securities | $53,909,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,785 |
| Total assets | $65,649,957 |
| Accounts payable and accrued expenses | $81,385 |
| Grants payable | $0 |
| Deferred revenue | $9,834 |
| 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 | $0 |
| Other liabilities | $43,785 |
| Total liabilities | $135,004 |
| Net assets without donor restrictions | $54,967,016 |
| Net assets with donor restrictions | $10,547,937 |
| 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 | $65,649,957 |