Dayton Art Institute
- Assets
- $42.9m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 113
- Location
- Dayton, OH
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 31-0537480
Organization Overview
Dayton Art Institute is located in Dayton, OH. The organization was established in 1942. 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 12/2021, Dayton Art Institute employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dayton Art Institute 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 12/2021, Dayton Art Institute generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 3.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING MEANINGFUL EXPERIENCES WITH ART
Describe the Organization's Program Activity:
CURATORIAL (INCLUDING COLLECTIONS AND EXHIBITIONS)- CARE, DEVELOPMENT, DISPLAY AND INTERPRETATION OF COLLECTIONS OF MORE THAN 27,000 WORKS OF ART DATING FROM 2500 BC TO PRESENT AND SPANNING CULTURES WORLDWIDE.MAJOR 2021 SPECIAL EXHIBITIONS INCLUDED:RALSTON CRAWFORD - AIR, SPACE AND WARCHANGING TIMES OF THE 1960'SNORMAN ROCKWELL
EDUCATION AND INTERPRETATION - INTERPRETIVE INITIATIVES RANGING FROM TOURS LED BY MUSEUM GUIDES TO "ART + CORE CONNECTIONS" (MULTIPLE TOURS, ART-MAKING EXPERIENCES AND COMPLEMENTARY IN-SCHOOL ACTIVITIES), EDUCATOR WORKSHOPS, CLASSES, TEEN PROGRAM, FAMILY ACTIVITIES, DROP-IN INTERACTIVE EXPERIENCENTER, LECTURES AND SEMINARS, AND MORE THAN 200 ONLINE COURSES AVAILABLE FOR FREE CONSUMPTION, AS WELL AS THE ENTIRE COLLECTION AVAILABLE ONLINE.
HISTORIC BUILDING - THE DAI'S LANDMARK 1930 ITALIAN REVIVAL STYLE BUILDING, DESIGNED BY E. B. GREENE AND ON THE NATIONAL REGISTER OF HISTORIC PLACES, IS ONE OF THE PRIZED ART WORKS THE MUSEUM INTERPRETS. IT SUPPORTS KEY PROGRAMS. EXPENSES FOR THE HISTORIC BUILDING RELATED TO PROGRAM AREAS OF THE MUSEUM AND CONSIST OF OPERATION AND MAINTENANCE, DEPRECIATION AND FINANCING RELATED COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Roediger Director And CEO | Officer | 40 | $151,673 |
Kimberly Spurgeon CFO | OfficerTrustee | 40 | $101,616 |
Jerry Smith Chief Curator | Officer | 40 | $100,616 |
Brock Anderson III Immediate Past Chair | OfficerTrustee | 1 | $0 |
Stephen Allaire Chair | OfficerTrustee | 1 | $0 |
Mark Shaker Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perfection Group Facilities Maintenance Services | 12/30/15 | $219,679 |
Kohler Catering Catering | 12/30/15 | $152,719 |
Moody's Of Dayton Facilities Maintenance Services | 12/30/15 | $168,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $620,503 |
| Related organizations | $0 |
| Government grants | $2,095,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,897,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,612,536 |
| Total Program Service Revenue | $803,636 |
| Investment income | $762,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$99,755 |
| Net Income from Fundraising Events | -$358,569 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $130,092 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,850,007 |
| 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. | $378,863 |
| Compensation of current officers, directors, key employees. | $143,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,979,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,008 |
| Payroll taxes | $174,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,023 |
| Fees for services: Accounting | $65,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,741 |
| Advertising and promotion | $85,906 |
| Office expenses | $276,913 |
| Information technology | $401,345 |
| Royalties | $0 |
| Occupancy | $84,342 |
| Travel | $13,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,422,158 |
| Insurance | $59,299 |
| All other expenses | $306,901 |
| Total functional expenses | $6,396,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,569,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,607,168 |
| Accounts receivable, net | $702,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,817 |
| Prepaid expenses and deferred charges | $157,064 |
| Net Land, buildings, and equipment | $10,801,574 |
| Investments—publicly traded securities | $28,049,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,942,635 |
| Accounts payable and accrued expenses | $337,506 |
| Grants payable | $0 |
| Deferred revenue | $193,379 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,030,885 |
| Net assets without donor restrictions | $26,117,244 |
| Net assets with donor restrictions | $15,794,506 |
| 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 | $42,942,635 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dayton Art Institute has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Stephen J Wolfe Jr Private Foundation Dayton, OH PURPOSE: GENERAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $25,617,656 |
| Earnings | $3,740,295 |
| Net Contributions | $714,997 |
| Other Expense | $2,160,628 |
| Ending Balance | $27,912,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
J B Speed Art Museum Louisville, KY | $144,061,757 | $14,473,949 |
John Huntington Art & Polytechnic Tr Cleveland, OH | $134,688,641 | $10,635,199 |
Dayton Art Institute Dayton, OH | $42,942,635 | $5,850,007 |
Grand Rapids Art Museum Grand Rapids, MI | $63,932,796 | $12,119,660 |
Frick Art & Historical Center Inc Pittsburgh, PA | $114,709,586 | $11,420,206 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Akron Art Museum Akron, OH | $58,514,760 | $4,858,452 |
Contemporary Arts Center Cincinnati, OH | $39,344,617 | $3,979,830 |
Westmoreland Museum Of Art Greensburg, PA | $35,133,253 | $6,299,818 |