Toledo Museum Of Art

Organization Overview

Toledo Museum Of Art is located in Toledo, OH. The organization was established in 1934. 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, Toledo Museum Of Art employed 337 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Museum Of 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, Toledo Museum Of Art generated $29.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $28.7m during the year ending 06/2022. While expenses have increased by 3.2% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH OUR COLLECTION AND PROGRAMS, WE STRIVE TO INTEGRATE ART INTO THE LIVES OF PEOPLE. THE MUSEUM SEEKS TO BECOME THE MODEL ART MUSEUM IN THE UNITED STATES FOR ITS COMMITMENT TO QUALITY AND ITS CULTURE OF BELONGING.

Describe the Organization's Program Activity:

THE TOLEDO MUSEUM OF ART OPERATES AND MAINTAINS ART GALLERIES, STUDIO SPACES AND AN ART LIBRARY FOR THE BENEFIT OF THE GENERAL PUBLIC. THIS INCLUDES EDUCATIONAL SCHOLARSHIP, RESEARCH, CONSERVATION, DOCUMENTATION AND PRESENTATION OF A PERMANENT COLLECTION OF ART TOTALING NEARLY 23,880 OBJECTS.


THE MUSEUM ORGANIZES AND PRESENTS SPECIAL EXHIBITIONS OF ITS PERMANENT COLLECTION, HOSTS TRAVELING EXHIBITIONS AND ORGANIZES EXHIBITIONS, SOMETIMES IN COLLABORATION WITH OTHER ART MUSEUMS. THE MUSEUM OFFERS PROGRAMS ASSOCIATED WITH THESE EXHIBITIONS INCLUDING MUSIC, HANDS-ON ACTIVITIES, LECTURES, ETC. THAT ARE AVAILABLE TO THE GENERAL PUBLIC.


WITH AN EMPHASIS ON ART EDUCATION, THE MUSEUM INTEGRATES ART INTO THE LIVES OF PEOPLE. THE FAMILY CENTER OFFERS ART-BASED ACTIVITIES FREE OF CHARGE. WHILE THERE IS A CHARGE FOR MOST FORMAL CLASSES, THE MUSEUM HAS AN ACTIVE SCHOLARSHIP PROGRAM TO SUPPORT STUDENTS WHO WOULD NOT HAVE THE ACCESS OR MEANS TO PURSUE ART CLASSES. IN 2021, THE MUSEUM PROVIDED 277 SCHOLARSHIPS TO ITS 1,573 CLASS ATTENDEES. THE MUSEUM CONTINUED TO PROVIDE BUS FUNDS TO LOCAL SCHOOLS AND COMMUNITY CENTERS TO ALLOW OVER 15,732 SCHOOL CHILDREN THE OPPORTUNITY TO TOUR THE MUSEUM IN DOCENT-LED CURRICULUM. THE MUSEUM ALSO HOSTED APPROXIMATELY 917 ADULTS FOR DOCENT-LED TOURS.


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Board, Officers & Key Employees

Name (title)Compensation
Randy Oostra
Chairman
$0
Stephen D Taylor
Vice Chairman
$0
Joe Napoli
Vice Chairman
$0
Sharon Speyer
Secretary
$0
Thomas Winston
Treasurer
$0
Allan Block
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Buck Brothers Asphalt & Paving Concrete
Asphalt Paving & Concrete
$769,779
Safeguard Security Services
Security Services
$311,416
Titan Mechanical
Mechanical Contracting
$306,556
Callan Llc
Investment Management Services
$247,500
Blue Water Communications
Consulting - Public Relations/communicat
$230,106
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,134,075
Fundraising events$0
Related organizations$3,261,402
Government grants $1,630,535
All other contributions, gifts, grants, and similar amounts not included above$6,966,931
Noncash contributions included in lines 1a–1f $318,279
Total Revenue from Contributions, Gifts, Grants & Similar$13,992,943
Total Program Service Revenue$2,451,838
Investment income $9,647,430
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$262,807
Net Gain/Loss on Asset Sales $2,765,207
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $376,946
Miscellaneous Revenue$0
Total Revenue $28,971,557

Peer Organizations

Organization NameAssets
Philadelphia Museum Of Art
Philadelphia, PA
$87,709,075
Cleveland Museum Of Art
Cleveland, OH
$74,298,172
The Detroit Institute Of Arts
Detroit, MI
$79,426,039
Indianapolis Museum Of Art Inc
Indianapolis, IN
$52,226,027
Toledo Museum Of Art
Toledo, OH
$28,971,557
Barnes Foundation
Philadelphia, PA
$34,787,671
Cincinnati Museum Association
Cincinnati, OH
$26,915,404
Columbus Museum Of Art
Columbus, OH
$20,311,634
J B Speed Art Museum
Louisville, KY
$18,957,761
John Huntington Art & Polytechnic Tr
Cleveland, OH
$14,788,528
Frick Art & Historical Center Inc
Pittsburgh, PA
$10,931,044
Grand Rapids Art Museum
Grand Rapids, MI
$4,844,303
Dayton Art Institute
Dayton, OH
$4,247,921
Taft Museum Of Art
Cincinnati, OH
$10,124,881
Akron Art Museum
Akron, OH
$4,858,452
Contemporary Arts Center
Cincinnati, OH
$4,449,118
Kalamazoo Institute Of Arts
Kalamazoo, MI
$3,411,059
Westmoreland Museum Of Art
Greensburg, PA
$6,299,818
James A Michener Art Museum
Doylestown, PA
$3,591,644
Woodmere Art Museum Inc
Philadelphia, PA
$4,813,071
Butler Institute Of American Art
Youngstown, OH
$4,627,797
Fine Arts Discovery Series Inc
Stroudsburg, PA
$2,860,135
Allentown Art Museum
Allentown, PA
$3,453,618
Forman Art Institute Inc
Philadelphia, PA
-$1,800,926
Fort Wayne Museum Of Art Inc
Fort Wayne, IN
$3,163,959

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