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Nonprofiteer
← AKRON ART MUSEUM

Form 990 for tax year 2023

Filed by AKRON ART MUSEUM.

Totals

Total revenue
$7,151,047
Total expenses
$5,593,443
Contributions and grants received
$4,305,216
Grants paid
$0
Program service revenue
$412,894
Investment income
$2,168,893
Other revenue
$264,044
Total assets, end of year
$65,684,826
Total liabilities, end of year
$1,811,721
Net assets or fund balances, end of year
$63,873,105
Program services expenses (Part IX)
$3,898,183
Management and general expenses
$1,160,558
Fundraising expenses
$534,702
Program service expenses (Part III)
$3,898,183

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $261,824

  • 1e · Government grants (contributions)

    $610,773

  • 1f · All other contributions, gifts and grants

    $3,432,619

  • 1g · Noncash contributions included above

    $203,056

  • 2a · Program service revenue: MEMBERSHIPS

    total $293,490 · related or exempt $293,490

  • 2b · Program service revenue: ADMISSIONS

    total $85,221 · related or exempt $85,221

  • 2c · Program service revenue: PROGRAMS

    total $34,183 · related or exempt $34,183

  • 3 · Investment income

    total $1,445,488 · excluded $1,445,488

  • 6a · Gross rents

    real property $254,179

  • 6b · Less rental expenses

    real property $155,773

  • 6c · Rental income or loss

    real property $98,406

  • 6d · Net rental income or loss

    total $98,406 · unrelated business $30,335 · excluded $68,071

  • 7a · Gross sales of assets other than inventory

    securities $4,279,591

  • 7b · Less cost or other basis and sales expenses

    securities $3,556,186

  • 7c · Gain or loss

    securities $723,405

  • 7d · Net gain or loss

    total $723,405 · excluded $723,405

  • 8a · Fundraising events: gross income

    $221,688

  • 8a · Fundraising events: contributions included on line 1c

    $261,824

  • 8b · Fundraising events: direct expenses

    $151,893

  • 8c · Net income from fundraising events

    total $69,795 · excluded $69,795

  • 10a · Gross sales of inventory

    $109,213

  • 10b · Cost of goods sold

    $46,677

  • 10c · Net income from sales of inventory

    total $62,536 · related or exempt $62,526 · unrelated business $10

  • 11a · Other revenue: MISCELLANEOUS

    total $33,307 · related or exempt $33,307

  • 11e · Other revenue, total

    $33,307

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $487,911 · program services $108,394 · management and general $219,589 · fundraising $159,928

  • 7 · Other salaries and wages

    total $1,749,587 · program services $1,370,312 · management and general $194,242 · fundraising $185,033

  • 8 · Pension plan contributions

    total $31,586 · program services $19,932 · management and general $6,843 · fundraising $4,811

  • 9 · Other employee benefits

    total $179,264 · program services $136,901 · management and general $15,728 · fundraising $26,635

  • 10 · Payroll taxes

    total $170,683 · program services $109,394 · management and general $36,248 · fundraising $25,041

  • 11b · Fees: legal

    total $5,510 · management and general $5,510

  • 11c · Fees: accounting

    total $32,566 · management and general $32,566

  • 11d · Fees: lobbying

    total $36,000 · management and general $36,000

  • 11f · Fees: investment management

    total $121,300 · management and general $121,300

  • 11g · Fees: other

    total $84,816 · program services $23,166 · management and general $61,650

  • 12 · Advertising and promotion

    total $136,892 · program services $29,733 · management and general $100,982 · fundraising $6,177

  • 13 · Office expenses

    total $39,583 · program services $25,444 · management and general $8,362 · fundraising $5,777

  • 14 · Information technology

    total $109,235 · program services $69,456 · management and general $27,331 · fundraising $12,448

  • 16 · Occupancy

    total $184,653 · program services $175,493 · management and general $7,122 · fundraising $2,038

  • 17 · Travel

    total $18,469 · program services $14,216 · management and general $2,668 · fundraising $1,585

  • 19 · Conferences, conventions and meetings

    total $10,734 · program services $2,874 · management and general $7,860

  • 22 · Depreciation, depletion and amortization

    total $1,063,502 · program services $886,483 · management and general $166,209 · fundraising $10,810

  • 23 · Insurance

    total $80,370 · program services $73,644 · management and general $6,321 · fundraising $405

  • 24a · Other expenses: EDUCATION AND PROGRAMS

    total $298,589 · program services $298,589

  • 24b · Other expenses: EXHIBITIONS MANAGEMENT

    total $296,899 · program services $296,899

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $269,533 · program services $88,974 · management and general $87,613 · fundraising $92,946

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $105,024 · program services $87,542 · management and general $16,414 · fundraising $1,068

  • 24e · All other expenses

    total $80,737 · program services $80,737

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $432,455 · end of year $1,270,178

  • 2 · Savings and temporary cash investments

    beginning of year $4,049,542 · end of year $5,021,157

  • 3 · Pledges and grants receivable

    beginning of year $762,652 · end of year $1,152,570

  • 4 · Accounts receivable

    beginning of year $23,492 · end of year $35,572

  • 8 · Inventories for sale or use

    beginning of year $28,039 · end of year $33,744

  • 9 · Prepaid expenses and deferred charges

    beginning of year $156,244 · end of year $109,786

  • 10a · Land, buildings and equipment: cost or other basis

    $41,649,089

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,611,038

  • 10c · Land, buildings and equipment, net

    beginning of year $21,746,686 · end of year $21,038,051

  • 11 · Investments: publicly traded securities

    beginning of year $27,825,121 · end of year $30,234,543

  • 15 · Other assets

    beginning of year $6,403,692 · end of year $6,789,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $284,766 · end of year $196,361

  • 19 · Deferred revenue

    beginning of year $1,133,500 · end of year $1,145,000

  • 23 · Secured mortgages and notes payable

    beginning of year $484,399 · end of year $470,360

  • 27 · Net assets without donor restrictions

    beginning of year $27,759,990 · end of year $27,789,699

  • 28 · Net assets with donor restrictions

    beginning of year $31,765,268 · end of year $36,083,406

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO ENRICH LIVES THROUGH MODERN AND CONTEMPORARY ART.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $506,764 · Revenue $381,363

  • EDUCATION:THE MUSEUM HAS AN ACTIVE AND ENGAGED EDUCATION DEPARTMENT THAT OFFERS ACTIVITIES THROUGHOUT THE YEAR FOR CHILDREN, FAMILIES, AND FELLOW EDUCATORS. THE EDUCATION DEPARTMENT AIMS TO PROVIDE UNIQUE, ONE-OF-A-KIND EXPERIENCES THAT BRING PARTICIPANTS JOY, CONNECTION, AND ARE RELEVANT TO THEIR LIVES. FOR FAMILIES:OPEN STUDIO AND ART BAR: A SPACE DESIGNED FOR CHILDREN AND THEIR GROWN-UPS, THIS IS THE PLACE TO EXPLORE, DISCOVER, PLAY AND GET MESSY. OPEN STUDIO IS OPEN DURING ALL MUSEUM OPEN HOURS AND IS INCLUDED WITH ADMISSION SO VISITORS MAY USE THE RESOURCE ON THEIR OWN TIME. INSIDE YOU WILL FIND A TREASURE TROVE OF MATERIALS AND TOOLS TO CREATE WHATEVER YOUR HEART DESIRES. MADE POSSIBLE BY PNC WITH ADDITIONAL SUPPORT FROM THE KATHY MOSES SALEM PHILANTHROPIC FUND OF THE AKRON COMMUNITY FOUNDATION, MARY S. AND DAVID C. CORBIN FOUNDATION, CHARLES E. AND MABEL M. RITCHIE FOUNDATION, SAMUEL REESE WILLIS FOUNDATION AND THE HENRY V. AND FRANCES W. CHRISTENSON FOUNDATION.MESS MAKERS: LEARN, PLAY AND EXPLORE IN CREATION STATIONS DESIGNED WITH THE MESSIEST KIDS IN MIND. EACH SESSION IS A NEW ADVENTURE WITH FREEDOM TO INVESTIGATE VARIOUS MATERIALS, TECHNIQUES AND TEXTURES. REGISTRATION REQUIRED. FAMILY DAYS: SIX TOTAL DROP-IN STYLE, FREE EVENTS FOR CHILDREN OF ALL AGES (AND THEIR GROWN-UPS). THESE LARGE-SCALE EVENTS ARE GENERALLY ORGANIZED IN A WAY THAT INVITES FAMILIES TO MOVE AROUND AND PARTICIPATE AT THEIR OWN PACE. THEY TAKE PLACE PRIMARILY ON SUNDAY AFTERNOONS. CAMP CREATIVE: CAMP CREATIVE IS THE MUSEUM'S OFFERING FOR CHILDREN IN THEIR FAMILIES IN THE SUMMER MONTHS. CAMP CREATIVE OFFERS THEMED ART EXPLORATION DAYS AT THE MUSEUM THAT FOCUS ON SUMMER FUN. VISITORS ENJOY GUIDED ARTISTIC EXPERIENCES AS THEY CREATE AND PLAY OUTDOORS ALONGSIDE AN ART EDUCATOR. EVERY TWO WEEKS, THERE ARE NEW MATERIALS AND TECHNIQUES TO DISCOVER AS GUESTS SHARPEN THEIR CREATIVE SKILLS BY MAKING MESSES AND WORKING TOGETHER TO SOLVE ARTISTIC PROBLEMS.AFTER SCHOOL OPEN STUDIO: LEAVE YOUR BACKPACK AT THE DOOR AND HOP INTO THE STUDIO FOR SOME CREATIVE FUN. THIS MONTHLY DROP-IN EVENT FOR SCHOOL-AGE STUDENTS FEATURES A GUIDED ART-MAKING EXPERIENCE BASED ON DIFFERENT TECHNIQUES OR MATERIALS. FOR SCHOOLS: IN-PERSON MUSEUM TOURS: SCHOOLS ARE INVITED TO VISIT THE MUSEUM FOR FREE TOURS, DURING WHICH STUDENTS WILL EXPLORE THE GALLERIES AND MAKE CONNECTIONS WITH ART, ARTISTS, THEIR COMMUNITIES, AND THEMSELVES. AAM TOURS ARE ENGAGING, PARTICIPATORY, SHARED EXPERIENCES THAT COMPLIMENT AND REACH BEYOND WHAT STUDENTS ARE LEARNING IN THE CLASSROOM. DIGITAL, PRE-RECORDED TOURS: FOUR DIFFERENT, THEMATIC TOURS ARE OFFERED FOR USE BY TEACHERS OR FAMILIES. THERE ARE SEPARATE TOURS OF EACH TOPIC FOR ELEMENTARY, MIDDLE, AND HIGH SCHOOL AGE GROUPS. EACH TOUR LASTS APPROXIMATELY 15 MINUTES AND COVERS THREE TO FOUR ARTWORKS. FOUR PER GRADE. LIVE VIRTUAL TOURS: FOR TEACHERS/SCHOOLS WHO ARE ABLE AND INTERESTED, A LIMITED NUMBER OF TIME SLOTS FOR LIVE, VIRTUAL TOURS WILL BE OFFERED. DURING THESE EVENTS, AN EDUCATOR WILL LEAD A TOUR OF THE GALLERIES AND ANSWER QUESTIONS FROM PARTICIPANTS IN REAL TIME. NIGHT AT THE MUSEUM STUDENT ART SHOWS: THE MUSEUM WILL HOST STUDENT ART SHOWS FOR THE 2023 2024 SCHOOL YEAR. STUDENT ART SHOWS TAKE PLACE DURING SELECT THURSDAY COMMUNITY NIGHTS FROM 5 8 PM, WHEN ADMISSION IS FREE AND OPEN TO THE PUBLIC.ESSENTIAL EXPERIENCES COLLABORATION WITH APS AND GAR: THROUGH THIS INITIATIVE, ALL (1,700+) AKRON PUBLIC SCHOOL FOURTH GRADE STUDENTS WILL VISIT THE AKRON ART MUSEUM TO PARTICIPATE IN AN EXPERIENCE DESIGNED TO MEET THEIR SPECIFIC ACADEMIC, DEVELOPMENTAL, AND SOCIAL-EMOTIONAL NEEDS. THE PROGRAM'S THEME IS "ARTIST AS INVENTOR". STUDENTS WILL VISIT THE COLLECTION AND SPECIAL EXHIBITION GALLERIES, INVESTIGATING THREE WAYS IN WHICH ARTISTS ACT AS INVENTORS. THEY WILL SEARCH FOR HOW ARTISTS INVENT: NEW WAYS OF SEEING THE WORLD NEW WAYS OF USING MATERIALS NEW WAYS OF SOLVING PROBLEMSTHEY WILL THEN BECOME ARTISTS/INVENTORS THEMSELVES THROUGH A GUIDED STUDIO EXPERIENCE IN WHICH THEY SOLVE A PROBLEM THROUGH CREATING. THIS APPROACH PRIORITIZES FOSTERING THE DEVELOPMENT OF 21ST CENTURY SKILLS, SUCH AS COLLABORATION, CREATIVITY, AND CRITICAL THINKING THROUGH VIEWING AND CREATING ARTWORK IN A COMMUNITY SETTING.FOR TEACHERS: EDUCATOR RESOURCES: IN ADDITION TO THEIR OWN RESOURCES, THE MUSEUM'S EDUCATION DEPARTMENT HAS CURATED A QUALITY SELECTION OF OFFERINGS FROM OTHER MUSEUMS, ARTISTS, ILLUSTRATORS, AND ORGANIZATIONS, WHICH EDUCATORS CAN ACCESS AS LINKS AND SEND TO STUDENTS' FAMILIES. TEACHER PROFESSIONAL DEVELOPMENT: FOR THE 2023-24 SCHOOL YEAR, THE MUSEUM WILL CONTINUE TO OFFER ON-SITE AND ONLINE RESOURCES FOR TEACHERS. THE UPDATED EDUCATOR PAGE OF THE MUSEUM'S WEBSITE IS A ONE-STOP RESOURCE FOR ALL DIGITAL OFFERINGS SUCH AS LESSON PLANS, DIGITAL TOURS, AND VIDEO CONTENT. 2023-2024 SCHOOL YEAR TEACHER EVENTS WILL INCLUDE A TEACHER RESOURCE FAIR, THE ANNUAL TEACH TALK STORYTELLING/SHARING EVENT, AND A TEACHER EXHIBITION AND EVENT IN THE MUSEUM'S LOBBY, ARTISTS WHO TEACH.STUDIO LESSON PLANS: A VARIETY OF ART-MAKING LESSONS WITH INCLUDED INSTRUCTIONS, SUPPLY LISTS, AND PHOTOS ARE AVAILABLE FOR ALL AGE GROUPS. EACH LESSON CONNECTS TO A WORK OR WORKS IN THE MUSEUM'S COLLECTION.

    Expenses $2,806,691 · Revenue $70,753

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $584,728 · Revenue $56,611

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Anusha Gibson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15
  • Tracy Burt

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Douglas Harley

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Meghan Beringer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Dr Njakbar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Rose Andrews

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Lyn Bober

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Roxia Boykin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Nancy Brennan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Aaron Broholm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Rachel Cargle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Patrick Carney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Diane Davis-Sikora

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Tracy Dowe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Paige Hoover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Brian Lapolla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Mitchell McKinney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Steve Myers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John Najeway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Casey Nance

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Chris Niekamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Dedee O'Neil

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Kendra Philon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jon Fiume

    DIRECTOR & CEO

    Total calculated
    $220,461
    From this org
    $212,391
    From related orgs
    $0
    Other
    $8,070
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $186,694
    Bonus
    $31,075
    Other
    -$5,378
    Deferred
    $6,083
    Nontaxable benefits
    $1,987
    Filer's total
    $220,461
  • Mary Boylan

    DIRECTOR OF ACCOUNTING

    Total calculated
    $99,420
    From this org
    $95,310
    From related orgs
    $0
    Other
    $4,110
    Hours/week
    50
  • Alexandra Vukoder

    CHIEF ADVANCEMENT & MARKETING OFFICER

    Total calculated
    $128,709
    From this org
    $122,919
    From related orgs
    $0
    Other
    $5,790
    Hours/week
    50
  • Joseph Walton

    DIRECTOR OF DESIGN

    Total calculated
    $103,945
    From this org
    $100,214
    From related orgs
    $0
    Other
    $3,731
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202500449349301420

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