Butler Institute Of American Art
- Assets
- $88.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Youngstown, OH
- Founding
- 06/1936
- Data as of
- 06/2022
- EIN
- 34-0748495
Organization Overview
Butler Institute Of American Art is located in Youngstown, OH. The organization was established in 1936. 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 06/2022, Butler Institute Of American Art employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butler Institute Of American Art 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 06/2022, Butler Institute Of American Art generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 2.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE APPRECIATION OF ART THROUGH COLLECTIONS, EXHIBITS, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART COLLECTIONS
ART EXHIBITS
EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Louis Zona Executive Director | Officer | 40 | $215,000 |
Dr Amy Kaufman Accounting Director | Officer | 40 | $105,218 |
Dr Michael Shultz President | OfficerTrustee | 1 | $0 |
Franklin S Bennett Treasurer (thru 9/2021) | OfficerTrustee | 1 | $0 |
Vincent Bacon Secretary | OfficerTrustee | 1 | $0 |
Thomas J Cavalier Treasurer (as Of 9/2021) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,660 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,527,055 |
| Noncash contributions included in lines 1a–1f | $4,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,710,094 |
| Total Program Service Revenue | $33,733 |
| Investment income | $1,062,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,825 |
| Net Gain/Loss on Asset Sales | $2,380,142 |
| Net Income from Fundraising Events | $29,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $37,197 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,561,162 |
| 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. | $215,000 |
| Compensation of current officers, directors, key employees. | $86,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $937,967 |
| Pension plan accruals and contributions | $59,148 |
| Other employee benefits | $215,731 |
| Payroll taxes | $85,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,816 |
| Fees for services: Lobbying | $52,625 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $242,502 |
| Fees for services: Other | $71,046 |
| Advertising and promotion | $43,527 |
| Office expenses | $28,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $351,125 |
| Travel | $6,536 |
| 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 | $531,176 |
| Insurance | $87,968 |
| All other expenses | $37,433 |
| Total functional expenses | $3,193,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,355 |
| Savings and temporary cash investments | $2,101,373 |
| Pledges and grants receivable | $144,729 |
| Accounts receivable, net | $356,398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,731 |
| Prepaid expenses and deferred charges | $84,654 |
| Net Land, buildings, and equipment | $7,329,090 |
| Investments—publicly traded securities | $51,346,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,516,797 |
| Total assets | $88,830,217 |
| Accounts payable and accrued expenses | $210,246 |
| Grants payable | $0 |
| Deferred revenue | $2,071 |
| 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 | $212,317 |
| Net assets without donor restrictions | $78,554,363 |
| Net assets with donor restrictions | $10,063,537 |
| 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 | $88,830,217 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Butler Institute Of American Art has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Senator Maurice And Florence Lipscher Charitable Fund Pittsburgh, PA PURPOSE: BUTLER SVADC | $2,500 |
Endowment Analysis
| Beg. Balance | $50,092,245 |
| Earnings | -$7,164,889 |
| Other Expense | $682,708 |
| Ending Balance | $42,244,648 |
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 |