Toledo Museum Of Art

Toledo Museum Of Art Overview

Toledo Museum Of Art is located in Toledo, 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 06/2021, Toledo Museum Of Art employed 334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2021, Toledo Museum Of Art generated $18.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $19.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH OUR COLLECTION AND PROGRAMS, WE STRIVE TO INTEGRATE ART INTO THE LIVES OF PEOPLE. THE MUSEUM SEEKS TO BECOME THE MODEL ART MUSEUM IN THE UNITED STATES FOR ITS COMMITMENT TO QUALITY AND ITS CULTURE OF BELONGING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TOLEDO MUSEUM OF ART OPERATES AND MAINTAINS ART GALLERIES, STUDIO SPACES AND AN ART LIBRARY FOR THE BENEFIT OF THE GENERAL PUBLIC. THIS INCLUDES EDUCATIONAL SCHOLARSHIP, RESEARCH, CONSERVATION, DOCUMENTATION AND PRESENTATION OF A PERMANENT COLLECTION OF ART TOTALING NEARLY 23,810 OBJECTS.


THE MUSEUM ORGANIZES AND PRESENTS SPECIAL EXHIBITIONS OF ITS PERMANENT COLLECTION, HOSTS TRAVELING EXHIBITIONS AND ORGANIZES EXHIBITIONS, SOMETIMES IN COLLABORATION WITH OTHER ART MUSEUMS. THE MUSEUM OFFERS PROGRAMS ASSOCIATED WITH THESE EXHIBITIONS INCLUDING MUSIC, HANDS-ON ACTIVITIES, LECTURES, ETC. THAT ARE AVAILABLE TO THE GENERAL PUBLIC.


WITH AN EMPHASIS ON ART EDUCATION, THE MUSEUM INTEGRATES ART INTO THE LIVES OF PEOPLE. THE FAMILY CENTER OFFERS ART-BASED ACTIVITIES FREE OF CHARGE. WHILE THERE IS A CHARGE FOR MOST FORMAL CLASSES, THE MUSEUM HAS AN ACTIVE SCHOLARSHIP PROGRAM TO SUPPORT STUDENTS WHO WOULD NOT HAVE THE ACCESS OR MEANS TO PURSUE ART CLASSES. IN 2020, A YEAR AFFECTED BY THE COVID-19 PANDEMIC, THE MUSEUM NONETHLESS PROVIDED APPROXIMATELY 87 SCHOLARSHIPS TO ITS 669 CLASS ATTENDEES. THE MUSEUM ALSO CONTINUED TO PROVIDE BUS FUNDS TO LOCAL SCHOOLS AND COMMUNITY CENTERS TO ALLOW OVER 1,328 SCHOOL CHILDREN THE OPPORTUNITY TO TOUR THE MUSEUM IN DOCENT-LED CURRICULUM. THE MUSEUM ALSO HOSTED APPROXIMATELY 2,121 ADULTS ANNUALLY FOR DOCENT-LED TOURS OR VISUAL LITERACY PROGRAMS.


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Toledo Museum Of Art Vendors

Vendor Name (Service)Compensation
Safeguard Security Services
Security Services
$297,953
Titan Mechanical
Mechanical Contracting
$2,380,261
The Spieker Co
Maintenance Services
$240,238
Air Force One
Hvac Services
$233,523
Blue Water Communications
Consulting - Public Relations/communicat
$223,526
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,210,631
Fundraising events$0
Related organizations$3,221,787
Government grants $1,853,725
All other contributions, gifts, grants, and similar amounts not included above$3,763,692
Noncash contributions included in lines 1a–1f $306,360
Total Revenue from Contributions, Gifts, Grants & Similar$11,049,835
Total Program Service Revenue$1,836,132
Investment income $5,092,623
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$98,881
Net Gain/Loss on Asset Sales $500,956
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $328,394
Miscellaneous Revenue$0
Total Revenue $18,709,059

Toledo Museum Of Art Grants Recieved

Over the last fiscal year, we have identified 11 grants that Toledo Museum Of Art has recieved totaling $221,763.

Awarding OrganizationAmount
N P Ketcham For Charities 20-102110280940

Brooklyn, OH

PURPOSE: GENERAL OPERATING

$79,035
Clement O Miniger Memorial Foundation

Toledo, OH

PURPOSE: GENERAL

$50,000
Tiaa Charitable Inc

Charlotte, NC

PURPOSE: Annual Suuport

$30,000
Webster H Sturdivant Tr 27-6251-00-6

Brooklyn, OH

PURPOSE: FUNDS TO BE USED FOR ORG'S

$17,931
Boeschenstein Family Foundation

Perrysburg, OH

PURPOSE: CHARITABLE CONTRIBUTIONS

$15,000
Berrien Community Foundation Inc

St Joseph, MI

PURPOSE: GENERAL SUPPORT

$9,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$162,305,097
Earnings$58,609,290
Net Contributions$537,196
Other Expense$5,658,311
Grants$82,712
Ending Balance$215,710,560

Toledo Museum Of Art Peer Organizations

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