The Works Ohio Center Of History Art & Technology
- Assets
- $38.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Newark, OH
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 31-1395941
Organization Overview
The Works Ohio Center Of History Art & Technology is located in Newark, OH. The organization was established in 1994. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Works Ohio Center Of History Art & Technology employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Works Ohio Center Of History Art & Technology 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, Works Ohio Center Of History Art & Technology generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE CREATIVITY AND WONDER THROUGH EXTRAORDINARY EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN INSTITUTE OF INDUSTRY, HISTORY, SCIENCE, TECHNOLOGY AND ART FOR ALL IN THE CENTRAL AND EAST OHIO REGION. THE WORKS OFFERS CLASSES, WORKSHOPS, LECTURES, PROGRAMS AND EVENTS AT NOMINAL COST, AS WELL AS VIRTUAL PROGRAMMING. THE WORKS HAS BEEN ACCEPTED AS A SMITHSONIAN AFFILIATE, ENABLING IT TO BRING HIGH-QUALITY EXHIBITS AND PROGRAMS TO THE AREA. THE WORKS COLLABORATES WITH AREA SCHOOL DISTRICTS, COLLEGES AND UNIVERSITIES, AND OTHER ORGANIZATIONS WORKING TO ADDRESS THE LOCAL ECONOMY AND QUALITY OF LIFE, AND PLAYS A MAJOR ROLE IN THE REDEVELOPMENT OF THE NEWARK DOWNTOWN AREA. THE WORKS HAS BECOME A MAJOR PROVIDER OF STEM EDUCATION IN THE REGION, BOTH ONSITE AND IN OUTREACH EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fryman Non-Voting Trustee | Trustee | 1 | $0 |
Jennifer Mcdonald Non-Voting Trustee | Trustee | 1 | $0 |
Susan Archer Vice Chair | OfficerTrustee | 2 | $0 |
Dr Kim Coplin Trustee | Trustee | 2 | $0 |
Thomas Cummiskey Treasurer | OfficerTrustee | 2 | $0 |
Kent Dubbe Former Trust | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,242,564 |
| Investment income | $613,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,236 |
| Net Gain/Loss on Asset Sales | $1,210,584 |
| Net Income from Fundraising Events | $104,975 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,429 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,352,407 |
| Statement of Expenses | |
|---|---|
| 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. | $200,933 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,927 |
| Pension plan accruals and contributions | $5,921 |
| Other employee benefits | $127,015 |
| Payroll taxes | $86,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,902 |
| Fees for services: Accounting | $40,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,994 |
| Fees for services: Other | $55,980 |
| Advertising and promotion | $61,408 |
| Office expenses | $82,755 |
| Information technology | $47,450 |
| Royalties | $0 |
| Occupancy | $134,147 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $972 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388,760 |
| Insurance | $28,390 |
| All other expenses | $0 |
| Total functional expenses | $2,299,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,617 |
| Savings and temporary cash investments | $1,645,811 |
| Pledges and grants receivable | $80,616 |
| Accounts receivable, net | $204,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,837 |
| Prepaid expenses and deferred charges | $64,610 |
| Investments—publicly traded securities | $30,327,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,155 |
| Other assets | $5,150 |
| Total assets | $38,252,906 |
| Accounts payable and accrued expenses | $33,665 |
| Grants payable | $0 |
| Deferred revenue | $221,631 |
| 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 | $255,296 |
| Net assets without donor restrictions | $20,684,169 |
| Net assets with donor restrictions | $17,313,441 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $37,997,610 |