Contemporary Arts Center
- Assets
- $39.3m
- Revenue
- $4.0m
- Investments
- $39.8k
- Employees
- 73
- Location
- Cincinnati, OH
- Founding
- 07/1940
- Data as of
- 08/2021
- EIN
- 31-0590095
Organization Overview
Contemporary Arts Center is located in Cincinnati, OH. The organization was established in 1940. 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 08/2021, Contemporary Arts Center employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Arts Center 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 08/2021, Contemporary Arts Center generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.5m during the year ending 08/2021. 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
THE CONTEMPORARY ARTS CENTER PROVIDES THE OPPORTUNITY FOR ALL PEOPLE TO DISCOVER THE DYNAMIC RELATIONSHIP BETWEEN ART AND LIFE BY EXHIBITING, BUT NOT COLLECTING, THE WORK OF PROGRESSIVE ARTISTS. IT WILL CONTINUALLY INCREASE ITS REGIONAL, NATIONAL, AND INTERNATIONAL INFLUENCE BY PROVIDING CHANGING VISUAL AND INTERACTIVE EXPERIENCES THAT CHALLENGE, ENTERTAIN AND EDUCATE.
Describe the Organization's Program Activity:
THE CONTEMPORARY ARTS CENTER (CAC) BRINGS THE BEST OF INTERNATIONAL, NATIONAL AND REGINAL CONTEMPORARY ART TO MORE THAN 92,000 VISITORS ANNUALLY, CONNECTING VISITORS WITH A WIDE ARRAY OF EXCEPTIONAL ART BEING CREATED TODAY. IN ITS MYRIAD OF FORMS FROM VISUAL AND MEDIA ARTS TO PROFORMANCE AND BEYOND, THE CAC SERVES AS A COMMUNITY VENUE FOR CREATIVE EXPRESSIVE AND EXPLORATION AND DISCUSSING ISSUES OF OUR TIME AS THEY ARE RAISED IN PRESENTED WORKS. CAC IS CURRENTLY TRANSFORMING THE 6TH INTO A VIRTUAL CREATVIE ENDUCATION CENTER, WHERE ARTIST CAN VISIT AND CREATE ART. THE DESIGNED TO CREATE THOUGHTFUL, HANDS-ON ART EXPREIENCES FOR YOUNG VISITORS AND THEIR CAREGIVERS/TEACHERS. THE GALLERY ALSO FEATURES COMMISSIONED WORKS BY LOCAL ARTISTS.
STUDENT AND PUBLIC PROGRAMS FOR YOUTH, FAMILY, EDUCATORS AND ADULTS ARE DESIGNED WITH THE GOAL THAT THEY SERVE AS BRIDGES TO THE ART, PROVIDING OPPORTUNITIES FOR VISITORS TO ENGAGE WITH WORKS, ARTISTS, STAFF, VOLUNTEERS AND ONE ANOTHER IN THE EXPLORATION OF ART AND CREATIVE ACTIVITIES, REGARDLESS OF THEIR PREVIOUS KNOWLEGE OF OR EXPERIENCE WITH CONTEMPORARY ART. CAC PROGRAMS INCLUDE ARTISTS TALKS, MILESTONES, LECTURE SERIES, CURATORAL TALKS AND TOURS, FILMS, DOCENT-LED TOURS, FAMILY SATURDAYS AND THURSDAY ART PLAY, CONCERTS, PERFOMANCES AND TEACHER RESOURCES. TOGETHER, CAC EXHIBITIONS AND EDUCATION PROGRAMS ARE ACCESSIBLE FOR VISITORS OF ALL AGES AND ABILITIES, OPENING THE WORLD OF CONTEMPORARY ART, INSPIRING CREATIVITY AND ENCOURAGEING CRITICAL THINKING. MOST EDUCATIONAL PROGRAMS ARE OFFERED AT NO COST AND ARE HELD AT THE CAC. FREE ADMISSION AND EVENING HOURS ARE OFFERED ON WEDNESDAY TO FRIDAY FROM 5PM TO 9PM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raphaela Platow-Exit July 21 Director & Chief Curator | Officer | 40 | $137,700 |
David Cave Chief Advancement Officer | 40 | $108,057 | |
Jeff Ahrnsen Secretary | OfficerTrustee | 1 | $0 |
Jim Cheng AIA Lld Ap At-Large | OfficerTrustee | 1 | $0 |
Kyle Pohlman Treasurer | OfficerTrustee | 1 | $0 |
Ron Bates Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $321,993 |
| Membership dues | $14,339 |
| Fundraising events | $205,392 |
| Related organizations | $0 |
| Government grants | $569,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,570,977 |
| Noncash contributions included in lines 1a–1f | $44,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,682,620 |
| Total Program Service Revenue | $163,233 |
| Investment income | $420,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$121,751 |
| Net Gain/Loss on Asset Sales | $858,853 |
| Net Income from Fundraising Events | -$59,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,979,830 |
| 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. | $137,700 |
| Compensation of current officers, directors, key employees. | $18,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,200,405 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,420 |
| Payroll taxes | $77,628 |
| 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 | $83,368 |
| Fees for services: Other | $579,793 |
| Advertising and promotion | $12,910 |
| Office expenses | $169,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $361,451 |
| Travel | $44,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $234,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865,019 |
| Insurance | $47,670 |
| All other expenses | $82,454 |
| Total functional expenses | $4,486,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,450,144 |
| Accounts receivable, net | $225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,213 |
| Prepaid expenses and deferred charges | $41,741 |
| Net Land, buildings, and equipment | $14,891,244 |
| Investments—publicly traded securities | $21,550,753 |
| Investments—other securities | $39,846 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,055 |
| Total assets | $39,344,617 |
| Accounts payable and accrued expenses | $462,769 |
| Grants payable | $0 |
| Deferred revenue | $44,276 |
| 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 | $10,786,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,293,795 |
| Net assets without donor restrictions | $18,139,230 |
| Net assets with donor restrictions | $9,911,592 |
| 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 | $39,344,617 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Contemporary Arts Center has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Thomas R Schiff Foundation Cincinnati, OH PURPOSE: BLINK PROJECT A SPECIAL EXHIBITION SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $19,342,139 |
| Earnings | $3,373,936 |
| Admin Expense | $89,715 |
| Net Contributions | $9,886 |
| Other Expense | $1,280,699 |
| Ending Balance | $21,355,547 |
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 |