Butler Institute Of American Art

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 06/2022, Butler Institute Of American Art employed 32 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 06/2022, Butler Institute Of American Art generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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

2022

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)Compensation
Dr Louis Zona
Executive Director
$215,000
Dr Amy Kaufman
Accounting Director
$105,218
Dr Michael Shultz
President
$0
Franklin S Bennett
Treasurer (thru 9/2021)
$0
Vincent Bacon
Secretary
$0
Thomas J Cavalier
Treasurer (as Of 9/2021)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$28,660
Fundraising events$0
Related organizations$0
Government grants $154,379
All other contributions, gifts, grants, and similar amounts not included above$1,527,055
Noncash contributions included in lines 1a–1f $4,900
Total Revenue from Contributions, Gifts, Grants & Similar$1,710,094
Total Program Service Revenue$33,733
Investment income $1,062,403
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,825
Net Gain/Loss on Asset Sales $2,380,142
Net Income from Fundraising Events $29,098
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $37,197
Miscellaneous Revenue$0
Total Revenue $5,561,162

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Butler Institute Of American Art has recieved totaling $2,500.

Awarding OrganizationAmount
$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,092,245
Earnings-$7,164,889
Other Expense$682,708
Ending Balance$42,244,648

Peer Organizations

Organization NameAssets
Toledo Museum Of Art
Toledo, OH
$18,709,059
Cincinnati Museum Association
Cincinnati, OH
$24,034,593
Columbus Museum Of Art
Columbus, OH
$10,937,046
J B Speed Art Museum
Louisville, KY
$14,473,949
John Huntington Art & Polytechnic Tr
Cleveland, OH
$10,635,199
Dayton Art Institute
Dayton, OH
$5,850,007
Grand Rapids Art Museum
Grand Rapids, MI
$12,119,660
Frick Art & Historical Center Inc
Pittsburgh, PA
$11,420,206
Taft Museum Of Art
Cincinnati, OH
$7,451,068
Akron Art Museum
Akron, OH
$4,858,452
Contemporary Arts Center
Cincinnati, OH
$3,979,830
Westmoreland Museum Of Art
Greensburg, PA
$6,299,818

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