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Nonprofiteer
← CINCINNATI INSTITUTE OF FINE ARTS

Form 990 for tax year 2024

Filed by CINCINNATI INSTITUTE OF FINE ARTS.

Totals

Total revenue
$13,990,202
Total expenses
$15,578,898
Contributions and grants received
$12,082,676
Grants paid
$10,241,114
Program service revenue
$75,106
Investment income
$1,832,420
Other revenue
$0
Total assets, end of year
$145,595,001
Total liabilities, end of year
$63,020,138
Net assets or fund balances, end of year
$82,574,863
Program services expenses (Part IX)
$12,369,015
Management and general expenses
$1,450,365
Fundraising expenses
$1,759,518
Program service expenses (Part III)
$12,369,015

Program services were 79.4% 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.

  • 1f · All other contributions, gifts and grants

    $12,082,676

  • 1g · Noncash contributions included above

    $347,002

  • 2a · Program service revenue: Admissions

    total $75,106 · related or exempt $75,106

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,216,933 · unrelated business -$232,412 · excluded $1,449,345

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $31,774,994

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

    securities $31,159,507

  • 7c · Gain or loss

    securities $615,487 · other assets $0

  • 7d · Net gain or loss

    total $615,487 · excluded $615,487

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,955,899 · program services $9,955,899

  • 2 · Grants to domestic individuals

    total $285,215 · program services $285,215

  • 5 · Compensation of officers, directors and key employees

    total $701,559 · program services $345,058 · management and general $229,830 · fundraising $126,671

  • 7 · Other salaries and wages

    total $1,722,496 · program services $583,718 · management and general $273,226 · fundraising $865,552

  • 8 · Pension plan contributions

    total $100,697 · program services $31,722 · management and general $14,730 · fundraising $54,245

  • 9 · Other employee benefits

    total $224,918 · program services $74,219 · management and general $39,963 · fundraising $110,736

  • 10 · Payroll taxes

    total $172,610 · program services $59,298 · management and general $35,712 · fundraising $77,600

  • 11b · Fees: legal

    total $25,445 · program services $19,165 · management and general $6,280

  • 11c · Fees: accounting

    total $57,087 · program services $22,755 · management and general $31,757 · fundraising $2,575

  • 11f · Fees: investment management

    total $157,500 · management and general $157,500

  • 11g · Fees: other

    total $70,583 · program services $19,292 · management and general $46,939 · fundraising $4,352

  • 12 · Advertising and promotion

    total $374,867 · program services $229,100 · management and general $70,401 · fundraising $75,366

  • 13 · Office expenses

    total $94,499 · program services $33,071 · management and general $8,731 · fundraising $52,697

  • 14 · Information technology

    total $221,191 · program services $82,206 · management and general $45,961 · fundraising $93,024

  • 16 · Occupancy

    total $155,107 · program services $49,769 · management and general $32,749 · fundraising $72,589

  • 17 · Travel

    total $5,537 · program services $931 · management and general $2,874 · fundraising $1,732

  • 19 · Conferences, conventions and meetings

    total $72,746 · program services $10,944 · management and general $41,433 · fundraising $20,369

  • 20 · Interest

    total $90,074 · management and general $90,074

  • 22 · Depreciation, depletion and amortization

    total $528,198 · program services $313,322 · management and general $214,876

  • 23 · Insurance

    total $31,758 · management and general $31,758

  • 24a · Other expenses: Arts Events and Workshops

    total $250,940 · program services $200,943 · management and general $105 · fundraising $49,892

  • 24b · Other expenses: Other

    total $142,606 · program services $14,172 · management and general $36,030 · fundraising $92,404

  • 24c · Other expenses: Equipment Rental and Maintenance

    total $96,015 · program services $24,676 · management and general $31,129 · fundraising $40,210

  • 24d · Other expenses: Telephone and Internet

    total $41,351 · program services $13,540 · management and general $8,307 · fundraising $19,504

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,654,470 · end of year $3,327,276

  • 3 · Pledges and grants receivable

    beginning of year $3,985,119 · end of year $3,372,991

  • 4 · Accounts receivable

    beginning of year $261,339 · end of year $266,289

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,716 · end of year $108,898

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

    $3,286,657

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

    $943,367

  • 10c · Land, buildings and equipment, net

    beginning of year $2,123,317 · end of year $2,343,290

  • 11 · Investments: publicly traded securities

    beginning of year $91,269,715 · end of year $98,027,079

  • 12 · Investments: other securities

    beginning of year $31,411,472 · end of year $33,285,179

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,785,654 · end of year $4,863,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,705 · end of year $152,985

  • 19 · Deferred revenue

    beginning of year $25,924 · end of year $21,969

  • 21 · Escrow or custodial account liability

    beginning of year $47,976,781 · end of year $51,459,067

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,484,180 · end of year $1,277,861

  • 25 · Other liabilities

    beginning of year $10,246,097 · end of year $10,108,256

  • 27 · Net assets without donor restrictions

    beginning of year $20,353,401 · end of year $21,549,380

  • 28 · Net assets with donor restrictions

    beginning of year $57,382,714 · end of year $61,025,483

Mission and programs · 2024

Mission

With funding, services and advocacy, ArtsWave fuels a more vibrant economy and connected community through the arts.

Activities or mission (Part I)

With funding, services, and advocacy, ArtsWave fuels a more vibrant economy and connected community through the arts.

  • Grantmaking: Management of annual community campaign for the arts to provide the resources used to make distributions of financial grants to organizations throughout the Greater Cincinnati Region. These grants help them create a vital arts scene and all the communitywide benefits that come with it, including economic vitality and a greater sense of connectedness for the people of the region. Distributions support a wide variety of arts and culture groups that reflect and benefit the community in all its diversity.

    Expenses $10,549,687 · Grants $10,241,114

  • Marketing the Impact of the Arts: Organization of several days of free samplings of visual and performing arts at multiple venues across the Regional Community. Organization of Community engagement events that connect people through the arts. Development and execution of marketing and public relations strategy that builds broad support for the arts by focusing on the community impact of arts organizations.

    Expenses $1,667,392 · Revenue $75,106

  • Measuring Impact: Collection of data which measures the impact of the arts as local arts organizations create economic vitality, vibrant neighborhoods and a more connected community.

    Expenses $151,936

As filed on the 2024 return.

Listed in Part VII

  • Deborah Hayes

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Kala Gibson

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Leigh Fox

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Matthew Stautberg

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Agnes Godwin Hall

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alicia B Townsend

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Allison Kropp

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angie Fischer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brendon J Cull

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce Petrie

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cady Short-Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carri Chandler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles H Gerhardt III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chip Finke

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Craig Jackson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Danielle D Ivory

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Voelker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Deana Taylor Brewer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dianne Rosenberg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Emerson Moser

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Emily Kokenge

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Emma Off

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eugene Partridge III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jamie Leonard

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeff Meek

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jens Rosenkrantz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jill T McGruder

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joe Muraca

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Justin Wyborn

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kelly Wittich

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Megan Shaffer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mel Gravely

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Hall

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle S Hershey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Murray Sinclaire Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Philip Duncan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Raginald L Staples Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rajinder Narang

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rhonda Whitaker Hurtt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rick Michelman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ron Bates

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sam Zeller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sonya Turner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sonya Walton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stanford T Williams Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Thienthanh Pham

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Todd M Immell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tysonn Betts

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Vada Hill

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alecia Kintner

    President & CEO

    Total calculated
    $345,568
    From this org
    $323,600
    From related orgs
    $0
    Other
    $21,968
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $294,600
    Bonus
    $29,000
    Other
    $0
    Deferred
    $9,800
    Nontaxable benefits
    $12,168
    Filer's total
    $345,568

  • Kathryn Kennedy

    Chief Operating Officer

    Total calculated
    $198,787
    From this org
    $169,439
    From related orgs
    $0
    Other
    $29,348
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,439
    Bonus
    $5,000
    Other
    $0
    Deferred
    $12,762
    Nontaxable benefits
    $16,586
    Filer's total
    $198,787

  • Samantha Cribbet

    Chief Financial Officer

    Total calculated
    $157,202
    From this org
    $139,042
    From related orgs
    $0
    Other
    $18,160
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,042
    Bonus
    $5,000
    Other
    $0
    Deferred
    $9,966
    Nontaxable benefits
    $8,194
    Filer's total
    $157,202

  • Karen Ecker

    Director, Gift Planning

    Total calculated
    $118,397
    From this org
    $103,197
    From related orgs
    $0
    Other
    $15,200
    Hours/week
    40

  • Kathyryn Debrosse

    VP of New Products & Initiatives

    Total calculated
    $152,590
    From this org
    $139,736
    From related orgs
    $0
    Other
    $12,854
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,736
    Bonus
    $2,000
    Other
    $0
    Deferred
    $4,887
    Nontaxable benefits
    $7,967
    Filer's total
    $152,590

  • Lisa Wolter

    VP, Comm. Campaign

    Total calculated
    $161,537
    From this org
    $143,408
    From related orgs
    $0
    Other
    $18,129
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,908
    Bonus
    $2,500
    Other
    $0
    Deferred
    $10,227
    Nontaxable benefits
    $7,902
    Filer's total
    $161,537

  • Raymond Gargano

    VP, Community Investments

    Total calculated
    $140,752
    From this org
    $124,062
    From related orgs
    $0
    Other
    $16,690
    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The organization pays for dues for the President & CEO at the Metropolitan and Queen City clubs. The organization utilizes the membership for official functions.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
7 July 2026
IRS schema version
2024v5.1
Source object
202601889349301655

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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