Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $440,305

• 1c · Fundraising events

  $367,692

• 1e · Government grants (contributions)

  $1,802,153

• 1f · All other contributions, gifts and grants

  $15,324,445

• 1g · Noncash contributions included above

  $1,679,096

• 2a · Program service revenue: PROGRAM FEES

  total $358,783 · related or exempt $358,783

• 2b · Program service revenue: EXHIBITION INCOME

  total $147,858 · related or exempt $147,858

• 2c · Program service revenue: CONSERVATION INCOME

  total $7,425 · related or exempt $7,425

• 3 · Investment income

  total $6,464,247 · excluded $6,464,247

• 6a · Gross rents

  real property $292,739

• 6b · Less rental expenses

  real property $86,308

• 6c · Rental income or loss

  real property $206,431

• 6d · Net rental income or loss

  total $206,431 · related or exempt $189,021 · unrelated business $17,410

• 7a · Gross sales of assets other than inventory

  securities $20,509,440

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

  securities $20,380,622 · other assets $65,187

• 7c · Gain or loss

  securities $128,818 · other assets -$65,187

• 7d · Net gain or loss

  total $63,631 · excluded $63,631

• 8a · Fundraising events: gross income

  $35,714

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

  $367,692

• 8b · Fundraising events: direct expenses

  $175,376

• 8c · Net income from fundraising events

  total -$139,662 · excluded -$139,662

• 10a · Gross sales of inventory

  $2,221,092

• 10b · Cost of goods sold

  $550,282

• 10c · Net income from sales of inventory

  total $1,670,810 · related or exempt $975,726 · unrelated business $695,084

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $201,286 · excluded $201,286

• 11e · Other revenue, total

  $201,286

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $909,123 · program services $665,277 · management and general $161,899 · fundraising $81,947

• 7 · Other salaries and wages

  total $7,251,565 · program services $5,306,539 · management and general $1,291,380 · fundraising $653,646

• 8 · Pension plan contributions

  total $258,319 · program services $189,032 · management and general $46,002 · fundraising $23,285

• 9 · Other employee benefits

  total $857,576 · program services $627,556 · management and general $152,720 · fundraising $77,300

• 10 · Payroll taxes

  total $591,832 · program services $433,090 · management and general $105,395 · fundraising $53,347

• 11b · Fees: legal

  total $49,217 · management and general $49,217

• 11c · Fees: accounting

  total $39,800 · management and general $39,800

• 11d · Fees: lobbying

  total $12,000 · fundraising $12,000

• 11g · Fees: other

  total $1,440,947 · program services $975,954 · management and general $352,903 · fundraising $112,090

• 12 · Advertising and promotion

  total $322,758 · program services $318,658 · fundraising $4,100

• 13 · Office expenses

  total $271,718 · program services $211,579 · management and general $51,442 · fundraising $8,697

• 16 · Occupancy

  total $970,657 · program services $787,350 · management and general $171,037 · fundraising $12,270

• 17 · Travel

  total $182,023 · program services $143,066 · management and general $31,733 · fundraising $7,224

• 20 · Interest

  total $141,860 · management and general $141,860

• 22 · Depreciation, depletion and amortization

  total $2,256,487 · program services $1,810,605 · management and general $427,379 · fundraising $18,503

• 24a · Other expenses: ART PURCHASES

  total $4,671,646 · program services $4,671,646

• 24b · Other expenses: SHIPPING, POSTAGE & EXH

  total $1,645,856 · program services $1,643,048 · management and general $1,325 · fundraising $1,483

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $894,032 · program services $728,522 · management and general $158,941 · fundraising $6,569

• 24d · Other expenses: PRINTING

  total $221,271 · program services $160,703 · management and general $2,278 · fundraising $58,290

• 24e · All other expenses

  total $721,099 · program services $449,431 · management and general $204,303 · fundraising $67,365

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,637,454 · end of year $5,817,136

• 2 · Savings and temporary cash investments

  beginning of year $3,021,511 · end of year $3,824,552

• 3 · Pledges and grants receivable

  beginning of year $11,424,119 · end of year $8,597,011

• 4 · Accounts receivable

  beginning of year $82,111 · end of year $38,672

• 8 · Inventories for sale or use

  beginning of year $254,088 · end of year $282,682

• 9 · Prepaid expenses and deferred charges

  beginning of year $407,551 · end of year $656,114

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

  $89,627,985

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

  $48,561,260

• 10c · Land, buildings and equipment, net

  beginning of year $40,822,812 · end of year $41,066,725

• 11 · Investments: publicly traded securities

  beginning of year $170,627,046 · end of year $183,566,219

• 15 · Other assets

  beginning of year $19,085,608 · end of year $19,612,000

• 17 · Accounts payable and accrued expenses

  beginning of year $1,507,304 · end of year $2,211,833

• 24 · Unsecured notes and loans payable

  beginning of year $4,544,586 · end of year $4,551,919

• 25 · Other liabilities

  beginning of year $3,617,262 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $78,656,969 · end of year $89,728,143

• 28 · Net assets with donor restrictions

  beginning of year $163,036,179 · end of year $166,969,216

The filer's explanations (Part III)

PART I, LINE 4B

LEWIS CAMERON KITCHIN PARTICIPATES IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN OF THE CINCINNATI MUSEUM ASSOCIATION D/B/A THE CINCINNATI ART MUSEUM. THE CINCINNATI MUSEUM ASSOCIATION CONTRIBUTED $10,000 TO THIS PLAN DURING 2022.