Cincinnati Arts Association
- Assets
- $59.6m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 695
- Location
- Cincinnati, OH
- Founding
- 02/1991
- Data as of
- 08/2023
- EIN
- 31-1310256
Organization Overview
Cincinnati Arts Association is located in Cincinnati, OH. The organization was established in 1991. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Cincinnati Arts Association employed 695 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Arts Association 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 08/2023, Cincinnati Arts Association generated $19.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $16.7m during the year ending 08/2023. While expenses have increased by 2.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT A BROAD RANGE OF HIGH QUALITY PERFORMING AND VISUAL ARTS PROGRAMS, DEVELOP DIVERSE AUDIENCES, FOSTER AN APPRECIATION OF THE ARTS AND AN UNDERSTANDING OF THEIR FORMS, AND ENCOURAGE THE USE OF CAA FACILITIES BY LOCAL AND REGIONAL ARTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH SEASON, CAA PRESENTS AN ECLECTIC MIX OF APPROXIMATELY ONE DOZEN PERFORMING ARTS EVENTS FROM AROUND THE WORLD DESIGNED TO REACH DIVERSE AUDIENCES, WITH SPECIAL ATTENTION TO THE TRI-STATE'S MINORITY COMMUNITIES (AFRICAN-AMERICAN, ASIAN-AMERICAN, HISPANIC/LATINO, ETC.).
AS THE REGION'S PREMIER PROMOTER OF THE ARTS AND ENTERTAINMENT, THE CINCINNATI ARTS ASSOCIATION (CAA) PROMOTES LIFE-LONG ENGAGEMENT IN THE ARTS WHILE CONTRIBUTING TO INDIVIDUAL, ORGANIZATIONAL, AND COMMUNITY WELLNESS. CAA'S EDUCATION & COMMUNITY ENGAGEMENT DEPARTMENT CULTIVATES DIVERSE, INCLUSIVE, AND ACCESSIBLE ARTS ENGAGEMENTS, SEEKING TO REMOVE BARRIERS PREVENTING ARTS PARTICIPATION. COMMITTED TO A PRACTICE OF ANTIRACISM, THE EDUCATION AND COMMUNITY ENGAGEMENT DEPARTMENT ENCOURAGES THE USE OF CAA VENUES, DEVELOPS DIVERSE ARTS SUPPORTERS, AND FOSTERS AN APPRECIATION AND UNDERSTANDING OF DIVERSE ARTS DISCIPLINES, WHILE ENCOURAGING AND SUPPORTING PRACTICING ARTS EDUCATORS AND ADMINISTRATORS, AUDIENCES, AND ASPIRING ARTISTS.
THE POPULAR WESTON ART GALLERY (LOCATED IN THE ARONOFF CENTER) SPECIALIZES IN THE WORK OF LOCAL AND REGIONAL ARTISTS AND IS THE ONLY GALLERY IN THE AREA THAT CAN BE DEDICATED TO LOCATION-SPECIFIC WORKS.IN THE HEART OF DOWNTOWN CINCINNATI'S RESTAURANT AND THEATER DISTRICT FOR MORE THAN 27 YEARS, THE CINCINNATI ARTS ASSOCIATION'S WESTON ART GALLERY IS ACCLAIMED FOR ITS SUPPORT OF EMERGING AND PROFESSIONAL ARTISTS WORKING IN ALL MEDIA, LOCALLY AND THROUGHOUT THE REGION.WITH GALLERIES ON TWO LEVELS AND 3,500 SQUARE FEET OF EXHIBITION SPACE, THE WESTON OFFERS ONE-ON-ONE ASSISTANCE AND SUPPORT TO ARTISTS TO SHOWCASE THEIR WORK IN MUSEUM-QUALITY ENVIRONS THROUGH A DIVERSE SLATE OF EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanette Altenau Special Vp, Community Relations | Trustee | 1 | $0 |
Marvin Hawkins Trustee - Exit 01/23 | Trustee | 1 | $0 |
Nathan Paszczykowski Trustee - Exit 01/23 | Trustee | 1 | $0 |
Philip J Schworer Trustee - Exit 01/23 | Trustee | 1 | $0 |
Robert S Chavez Trustee | Trustee | 1 | $0 |
Otto M Budig Jr Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heidelberg Distributing Wine & Beer Distributor | 8/30/23 | $278,105 |
Outback Presents Llc Presenter - Artist Fees Taylor T. | 8/30/23 | $263,639 |
Barnes Dennig & Co Ltd Tax And Auditing Services | 8/30/23 | $102,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,000 |
| Membership dues | $186,924 |
| Fundraising events | $25,600 |
| Related organizations | $0 |
| Government grants | $811,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,139,366 |
| Noncash contributions included in lines 1a–1f | $249,649 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,213,691 |
| Total Program Service Revenue | $13,307,474 |
| Investment income | $1,371,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $169,298 |
| Net Gain/Loss on Asset Sales | $527,430 |
| Net Income from Fundraising Events | $66,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,356,200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,072,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,196,722 |
| Compensation of current officers, directors, key employees. | $780,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,608,964 |
| Pension plan accruals and contributions | $256,342 |
| Other employee benefits | $879,492 |
| Payroll taxes | $763,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,407 |
| Fees for services: Accounting | $111,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,899 |
| Fees for services: Other | $245,269 |
| Advertising and promotion | $129,537 |
| Office expenses | $473,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $526,955 |
| Travel | $92,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,070 |
| Insurance | $157,200 |
| All other expenses | $203,388 |
| Total functional expenses | $16,651,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,536,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,045,823 |
| Accounts receivable, net | $308,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,854 |
| Prepaid expenses and deferred charges | $125,199 |
| Net Land, buildings, and equipment | $5,491,371 |
| Investments—publicly traded securities | $39,536,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,449,681 |
| Total assets | $59,551,647 |
| Accounts payable and accrued expenses | $1,962,418 |
| Grants payable | $0 |
| Deferred revenue | $3,154,512 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,661,907 |
| 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 | $187,991 |
| Total liabilities | $6,966,828 |
| Net assets without donor restrictions | $17,448,122 |
| Net assets with donor restrictions | $35,136,697 |
| 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 | $59,551,647 |