The Detroit Institute Of Arts
- Assets
- $547.1m
- Revenue
- $58.4m
- Investments
- $391.3m
- Employees
- 432
- Location
- Detroit, MI
- Founding
- 06/1948
- Data as of
- 06/2021
- EIN
- 38-1359510
Organization Overview
The Detroit Institute Of Arts is located in Detroit, MI. The organization was established in 1948. 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 06/2021, Detroit Institute Of Arts employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Institute Of Arts 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 06/2021, Detroit Institute Of Arts generated $58.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $42.4m during the year ending 06/2021. 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 DIA CREATES EXPERIENCES THAT HELP EACH VISITOR FIND PERSONAL MEANING IN ART.
Describe the Organization's Program Activity:
STEWARDSHIP, CARE, ACCESS, PRESERVATION AND ACQUISITION OF THE COLLECTION: THE DETROIT INSTITUTE OF ARTS, IS AMONG THE TOP TEN ENCYCLOPEDIC MUSEUMS IN THE UNITED STATES. CORE TO DIA'S STEWARDSHIP ACTIVITIES IS THE LONG-TERM CARE AND PRESERVATION OF THE COLLECTION. DIA PROVIDES ACCESS TO REAL WORKS OF ART THROUGH INNOVATIVE GALLERY INSTALLATIONS, WORLD-CLASS EXHIBITIONS, SCHOLARSHIP, INTERPRETATION AND PUBLICATIONS. THE DIA PURCHASES OBJECTS INTENDED TO ENHANCE THE ARTISTIC QUALITY OF ITS COLLECTION AND TO BE RELEVANT TO OUR COMMUNITIES. PURCHASED ACQUISITIONS USE RESTRICTED FUNDS ESTABLISHED THROUGH DONATIONS TO THE MUSEUM. FY21 ACQUISITIONS AMOUNTED TO $2,121,571. THE DIA ACQUIRES ART OBJECTS THROUGH GIFTS TO THE MUSEUM FROM DONORS. FY21 GIFTS AMOUNTED TO $2,764,000.
AUDIENCE ENGAGEMENT: FROM THE FIRST VAN GOGH PAINTING TO ENTER A U.S. MUSEUM TO DIEGO RIVERA'S WORLD-RENOWNED "DETROIT INDUSTRY" MURALS, THE DIA PROVIDES VISITOR FOCUSED, ONE-OF-A-KIND ACCESS TO HISTORY AND CULTURES NOT FOUND IN BOOKS, ON TV OR ON THE INTERNET. VISITORS EXPERIENCE TOURS IN THE GALLERIES AND SPECIAL EXHIBITIONS. DUE TO THE COVID-19 PANDEMIC THE DIA HAS SUSPENDED LIVE MUSIC, FILMS, ART-MAKING AND FAMILY PROGRAMS. THE DIA IS COMMITTED TO CELEBRATING THE ARTS THROUGHOUT THE REGION, MOST NOTABLY WITH THE NATIONALLY ACCLAIMED INSIDE/OUT INSTALLATIONS OF HIGH-QUALITY REPRODUCTIONS PLACED IN LOCAL COMMUNITIES.
EDUCATION: THE DIA IS A LEADER IN EDUCATION, PROVIDING FREE K-12 FIELD TRIPS TO ONE OF THE NATION'S BEST ART MUSEUMS. STUDENTS GET A UNIQUE OPPORTUNITY TO SEE WORLD RENOWNED ARTWORK, HISTORY AND CULTURE NOT FOUND IN CLASSROOMS TODAY. ENGAGEMENT STRATEGIES INCLUDE CRITICAL THINKING SKILLS, HANDS-ON ACTIVITIES, WRITING, ROLE PLAYING, DIALOGUE AND TEAM BUILDING. A MENU OF 21 GUIDED EXPERIENCES HELPS TEACHERS DETERMINE WHICH MUSEUM EXPERIENCE BEST REINFORCES CURRICULUM LEARNING OUTCOMES. MORE THAN 17,000 STUDENTS WERE BOOKED FOR VIRTUAL FIELD TRIPS DURING THE 2020-2021 SCHOOL YEAR AND MORE THAN 1,400 TEACHERS ATTENDED VIRTUAL DIA WORKSHOPS PROMOTING ARTS ENRICHMENT EXPERIENCES FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvador Salort-Pons Director, President & CEO | Officer | 40 | $435,033 |
Nina Holden Senior Vice President/chief Development Officer | Officer | 40 | $276,627 |
Robert Bowen Executive Vice President/cfo/treasurer | Officer | 40 | $225,176 |
Judith Dolkart Deputy Director, Art, Education & Programs | Officer | 40 | $186,721 |
David Flynn Senior Vp, Public & Community Affairs | 40 | $183,283 | |
Elliott Broom Vice President, Museum Operations | Officer | 40 | $157,684 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Shield Security Services Contract Labor | 6/29/21 | $451,184 |
Crowell & Moring Professional Services | 6/29/21 | $741,380 |
Honigman Llp Legal Services | 6/29/21 | $367,368 |
Kasco Contracting Llc Construction | 6/29/21 | $221,789 |
Keating Contracting Llc Construction | 6/29/21 | $277,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,433,845 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,756,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,329,610 |
| Noncash contributions included in lines 1a–1f | $2,764,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,520,363 |
| Total Program Service Revenue | $608,101 |
| Investment income | $1,651,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,163 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,806,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $764,417 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,386,978 |
| 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. | $1,532,761 |
| Compensation of current officers, directors, key employees. | $775,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,126,339 |
| Pension plan accruals and contributions | $719,897 |
| Other employee benefits | $2,078,095 |
| Payroll taxes | $1,134,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $358,243 |
| Fees for services: Accounting | $182,865 |
| Fees for services: Lobbying | $933,784 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,784,168 |
| Fees for services: Other | $3,247,733 |
| Advertising and promotion | $404,485 |
| Office expenses | $1,047,836 |
| Information technology | $1,151,926 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,927 |
| Interest | $174,988 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,055,627 |
| Insurance | $596,744 |
| All other expenses | $1,088,772 |
| Total functional expenses | $42,374,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,633,845 |
| Pledges and grants receivable | $37,163,350 |
| Accounts receivable, net | $2,156,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $522,134 |
| Prepaid expenses and deferred charges | $635,616 |
| Net Land, buildings, and equipment | $23,235,266 |
| Investments—publicly traded securities | $48,153,113 |
| Investments—other securities | $391,318,264 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,238,388 |
| Total assets | $547,056,318 |
| Accounts payable and accrued expenses | $1,169,146 |
| Grants payable | $0 |
| Deferred revenue | $187,627 |
| 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 | $7,953,735 |
| Other liabilities | $6,472,085 |
| Total liabilities | $15,782,593 |
| Net assets without donor restrictions | $321,119,811 |
| Net assets with donor restrictions | $210,153,914 |
| 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 | $547,056,318 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Detroit Institute Of Arts has recieved totaling $522,350.
| Awarding Organization | Amount |
|---|---|
Penske Foundation Inc Bloomfield Hills, MI PURPOSE: GENERAL | $500,000 |
Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio Birmingham, MI PURPOSE: DIA NOW:THE CAMPAIGN FOR THE DETROIT INSTITUTE OF ARTS ENDOWMENT | $20,000 |
James And Cleo Hamilton Family Charitable Trust Detroit, MI PURPOSE: GENERAL | $2,000 |
S Gary Spicer Sr Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $300 |
Mary I Mcleod Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $299,775,320 |
| Earnings | $85,776,987 |
| Net Contributions | $3,420,534 |
| Other Expense | $896,075 |
| Ending Balance | $388,076,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cleveland Museum Of Art Cleveland, OH | $1,319,088,329 | $90,038,138 |
The Detroit Institute Of Arts Detroit, MI | $547,056,318 | $58,386,978 |
Indianapolis Museum Of Art Inc Indianapolis, IN | $570,410,766 | $52,226,027 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
Cincinnati Museum Association Cincinnati, OH | $281,155,323 | $24,034,593 |
Columbus Museum Of Art Columbus, OH | $186,443,242 | $10,937,046 |
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 |
Taft Museum Of Art Cincinnati, OH | $54,566,768 | $7,451,068 |
Akron Art Museum Akron, OH | $58,514,760 | $4,858,452 |