Rock And Roll Hall Of Fame And Museum Inc is located in Cleveland, OH. The organization was established in 1987. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Rock And Roll Hall Of Fame And Museum Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rock And Roll Hall Of Fame And Museum Inc 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, Rock And Roll Hall Of Fame And Museum Inc generated $52.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $33.4m during the year ending 12/2021. While expenses have increased by 3.6% 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
THE MISSION OF THE MUSEUM IS TO ENGAGE, TEACH, AND INSPIRE THROUGH THE POWER OF ROCK AND ROLL. SEE SCHEDULE O FOR FURTHER DETAILS.
Describe the Organization's Program Activity:
SEE SCHEDULE OMUSEUM OPERATIONS: THE ROCK AND ROLL HALL OF FAME HAS ESTABLISHED ITSELF AS THE PRE-EMINENT HOME FOR THE CELEBRATION AND STUDY OF ROCK AND ROLL. IT IS A WORLD-CLASS MUSEUM AND LIBRARY AND ARCHIVES THAT EDUCATES ITS VISITORS ABOUT THE HISTORY OF ROCK AND ROLL, FROM ITS ROOTS TO THE PRESENT, AND ABOUT ROCK AND ROLL'S IMPACT ON OUR CULTURE AND SOCIETY. IT ACCOMPLISHES ALL OF THIS WITH SEVEN FLOORS OF EXHIBITS FEATURING THOUSANDS OF HISTORIC ARTIFACTS, AS WELL AS NUMEROUS FILMS AND INTERACTIVE EXHIBITS. IN ADDITION TO THE PERMANENT EXHIBITS, THE ROCK HALL CURATES SEVERAL NEW TEMPORARY EXHIBITS EACH YEAR WHICH FOCUS ON INDIVIDUAL ARTISTS, VARIOUS GENRES OF MUSIC OR IMPORTANT ANNIVERSARIES OF HISTORIC EVENTS. IN 2021, THE TEMPORARY EXHIBITS FEATURED TOM PETTY WILDFLOWERS, ICONIC: BARON WOLMAN IMAGES OF AN ERA, JANIS JOPLIN: 50TH ANNIVERSARY OF PEARL, IT'S BEEN SAID ALL ALONG: VOICES OF RAGE, HOPE AND EMPOWERMENT, INDUCTION ALL ACCESS: PHOTOGRAPHY BY KEVIN MAZUR, 2021 NEW INDUCTEES, AND IN MEMORIAM. THE ROCK HALL ALSO CURATES AN INVENTORY OF TRAVELING EXHIBITS THAT ARE FEATURED AT OTHER MUSEUMS AND VISITOR ATTRACTIONS. FURTHER, THE LIBRARY AND ARCHIVES, FOR WHICH THE ROCK HALL HAS BEEN COLLECTING ARTIFACTS SINCE IT OPENED IN 1995, HELPS THE ROCK HALL FULFILL ITS MISSION BY MAKING ONE-OF-A-KIND AUDIO AND VIDEO RECORDINGS, PROMOTIONAL MATERIALS, PERSONAL PAPERS AND BUSINESS RECORDS OF POPULAR MUSIC'S MOST INFLUENTIAL FIGURES ACCESSIBLE TO THE PUBLIC FOR THE FIRST TIME. THE LIBRARY AND ARCHIVES ALSO ENHANCES THE MUSEUM'S EDUCATION PROGRAMS AT THE UNIVERSITY LEVEL.
SEE SCHEDULE O2021 ROCK AND ROLL HALL OF FAME INDUCTION CEREMONY: HISTORICALLY HELD TRI-ANNUALLY IN CLEVELAND, THE 2021 INDUCTION CEREMONY WAS HOSTED BY THE ROCK AND ROLL HALL OF FAME AT ROCKET MORTGAGE FIELDHOUSE IN CLEVELAND, OHIO. THE 2021 CEREMONY HONORED TINA TURNER, FOO FIGHTERS, JAY-Z, CHARLEY PATTON, CLARENCE AVANT, TODD RUNDGREN, BILLY PRESTON, RANDY RHODES, GIL SCOTT-HERON, THE GO-GOS, CAROLE KING, LL COOL J, AND KRAFTWERK. THE ROCK HALL ALSO HOSTED A WEEK OF EVENTS LEADING UP TO CEREMONY INCLUDING FILM SCREENINGS, EXHIBITS, AND A COMMUNITY CELEBRATION. ALL EVENTS WERE OPEN TO THE PUBLIC AND THE COMMUNITY CELEBRATION OFFERED FREE ADMISSIONS TO ALL VISITORS. IN ORDER TO BE NOMINATED FOR INDUCTION INTO THE ROCK AND ROLL HALL OF FAME, AN ACT MUST HAVE RELEASED ITS FIRST SINGLE OR ALBUM AT LEAST 25 YEARS PRIOR TO THE YEAR OF NOMINATION.
SEE SCHEDULE OBIGGEST SHOW ON TURF: 55 YEARS OF HALFTIME SHOWS: THE SUPER BOWL IS THE MOST VIEWED TELEVISION EVENT OF THE ENTIRE YEAR, AND MORE PEOPLE WATCH THE HALFTIME SHOW THAN THE GAME. WITH A WORLDWIDE AUDIENCE THAT EXCEEDS 100 MILLION, THE SUPER BOWL HALFTIME SHOW REMAINS ONE OF THE RARE EVENTS THAT PEOPLE STILL ENJOY TOGETHER IN REAL TIME, AND THE POWER OF THIS SHARED EXPERIENCE CANNOT BE OVERSTATED. THIS EXHIBIT EXPLORES THE CULTURAL PHENOMENON THAT IS THE SUPER HALFTIME SHOW, HIGHLIGHTING ITS EVOLUTION OVER TIME AND THE ICONIC PERFORMANCES THAT MAKE IT ONE OF THE FEW REMAINING MASSIVE LARGE-SCALE EXPERIENCES EVERY YEAR.
OTHER EDUCATIONAL PROGRAMS, COMMUNITY PARTNERSHIPS, AND EXHIBITIONS, AS DESCRIBED ON SCHEDULE O.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Greg Harris President & CEO | Officer | 40 | $441,034 |
Tim Offtermatt Vp-Finance | Officer | 40 | $218,887 |
Dawn Wayt Vp-Sales & Marketing | Officer | 40 | $203,079 |
Liz Peschges Vp-Culture & Strategy | Officer | 40 | $195,945 |
Jason Hanley Vp-Education | Officer | 40 | $179,691 |
Nwaka Onwusa Vp-Curatorial Affairs | Officer | 40 | $175,459 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Spotlight Medical Llc Covid Testing Services | 12/30/21 | $436,081 |
Rsm Us Llp Audit&software Consulting | 12/30/21 | $207,043 |
Greenday Systems Llc Order Fulfill.&storage | 12/30/21 | $233,947 |
Product Management Consultants Construction Project Mgmt. | 12/30/21 | $150,569 |
Bluebridge Networks Network Security&dig.storage | 12/30/21 | $174,604 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,113,726 |
Fundraising events | $2,094,761 |
Related organizations | $1,140,150 |
Government grants | $14,731,317 |
All other contributions, gifts, grants, and similar amounts not included above | $13,448,899 |
Noncash contributions included in lines 1a–1f | $610,596 |
Total Revenue from Contributions, Gifts, Grants & Similar | $32,528,853 |
Total Program Service Revenue | $12,221,652 |
Investment income | $1,066,153 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $67,266 |
Net Rental Income | $740,776 |
Net Gain/Loss on Asset Sales | $1,842,259 |
Net Income from Fundraising Events | $199,785 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $3,521,171 |
Miscellaneous Revenue | $0 |
Total Revenue | $52,609,977 |
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. | $2,280,230 |
Compensation of current officers, directors, key employees. | $720,410 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,055,976 |
Pension plan accruals and contributions | $139,267 |
Other employee benefits | $1,305,410 |
Payroll taxes | $597,486 |
Fees for services: Management | $0 |
Fees for services: Legal | $150,337 |
Fees for services: Accounting | $75,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $60,000 |
Fees for services: Investment Management | $143,769 |
Fees for services: Other | $50,700 |
Advertising and promotion | $318,153 |
Office expenses | $1,130,990 |
Information technology | $506,364 |
Royalties | $0 |
Occupancy | $1,962,148 |
Travel | $1,508,550 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,504 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,611,175 |
Insurance | $128,647 |
All other expenses | $495,336 |
Total functional expenses | $33,404,110 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $734,495 |
Savings and temporary cash investments | $23,824,252 |
Pledges and grants receivable | $12,845,024 |
Accounts receivable, net | $1,314,877 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,208,134 |
Prepaid expenses and deferred charges | $410,397 |
Net Land, buildings, and equipment | $64,652,050 |
Investments—publicly traded securities | $50,994,583 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $155,983,812 |
Accounts payable and accrued expenses | $4,193,860 |
Grants payable | $0 |
Deferred revenue | $3,987,452 |
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 | $8,181,312 |
Net assets without donor restrictions | $71,370,740 |
Net assets with donor restrictions | $76,431,760 |
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 | $155,983,812 |
Over the last fiscal year, we have identified 30 grants that Rock And Roll Hall Of Fame And Museum Inc has recieved totaling $4,418,609.
Awarding Organization | Amount |
---|---|
George Gund Foundation Cleveland, OH PURPOSE: ROCK HALL EXPANSION. | $2,000,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $548,240 |
The Char And Chuck Fowler Family Foundation Mayfield Heights, OH PURPOSE: CAPITAL EXPANSION | $350,000 |
Kulas Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $310,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $285,000 |
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL PURPOSE | $271,580 |
Beg. Balance | $12,376,130 |
Earnings | $1,420,495 |
Net Contributions | $66,978 |
Ending Balance | $13,863,603 |
Organization Name | Assets | Revenue |
---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |