John Huntington Art & Polytechnic Tr
- Assets
- $134.7m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/1935
- Data as of
- 06/2020
- EIN
- 34-6526984
John Huntington Art & Polytechnic Tr Overview
John Huntington Art & Polytechnic Tr is located in Cleveland, OH. The organization was established in 1935. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, John Huntington Art & Polytechnic Tr generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $7.0m during the year ending 06/2020. 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
OPERATION OF THE CLEVELAND MUSEUM OF ART
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION OF FUNDS TOWARDS OPERATING EXPENSES OF THE CLEVELAND MUSEUM OF ART WHICH IS TAX-EXEMPT UNDER IRC SECTION 501(C)(3) AND HAS NON-PRIVATE FOUNDATION STATUS UNDER IRC SECTION 179(B)(1)(A)(VI)
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John Huntington Art & Polytechnic Tr Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert R Galloway Secretary | Trustee | 2 | $0 |
Steven R Kestner Trustee | Trustee | 1 | $0 |
Alfred M Rankin Jr Chairman/trustee | Trustee | 1 | $0 |
James A Ratner Trustee | Trustee | 1 | $0 |
Lauren Rich-Fine Trustee | Trustee | 1 | $0 |
Edward W Bauer Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,711,899 |
| Tax Exempt Bond Proceeds | $1,696 |
| Royalties | $7,795 |
| Net Rental Income | -$1,162 |
| Net Gain/Loss on Asset Sales | $6,427,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,635,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,638,203 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $500,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,852 |
| Total functional expenses | $7,013,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,688,641 |
| Total assets | $134,688,641 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $134,688,641 |
| 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 | $134,688,641 |
John Huntington Art & Polytechnic Tr Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Cincinnati Museum Association Cincinnati, OH | $223,082,866 | $26,136,607 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
J B Speed Art Museum Louisville, KY | $131,159,985 | $8,399,423 |
Grand Rapids Art Museum Grand Rapids, MI | $70,908,082 | $4,229,983 |
Frick Art & Historical Center Inc Pittsburgh, PA | $91,404,267 | $7,558,974 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $40,513,600 | $6,300,618 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Contemporary Arts Center Cincinnati, OH | $37,747,205 | $5,133,158 |
Akron Art Museum Akron, OH | $55,485,263 | $3,038,717 |
James A Michener Art Museum Doylestown, PA | $33,776,049 | $3,228,197 |
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