Totals
- Total revenue
- $2,707,776
- Total expenses
- $4,416,697
- Contributions and grants received
- $2,653,323
- Grants paid
- $0
- Program service revenue
- $68,454
- Investment income
- -$37,195
- Other revenue
- $23,194
- Total assets, end of year
- $24,498,408
- Total liabilities, end of year
- $1,315,027
- Net assets or fund balances, end of year
- $23,183,381
- Program services expenses (Part IX)
- $3,126,933
- Management and general expenses
- $627,762
- Fundraising expenses
- $662,002
- Program service expenses (Part III)
- $3,126,933
Program services were 70.8% 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.
-
1a · Federated campaigns
$285,600
-
1b · Membership dues
$56,058
-
1c · Fundraising events
$145,106
-
1e · Government grants (contributions)
$279,020
-
1f · All other contributions, gifts and grants
$1,887,539
-
1g · Noncash contributions included above
$17,703
-
2a · Program service revenue: Educational Program Revenue
total $66,530 · related or exempt $66,530
-
2b · Program service revenue: Other Program Income
total $1,924 · related or exempt $1,924
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $155,504 · excluded $155,504
-
5 · Royalties
total $857 · excluded $857
-
6a · Gross rents
real property $144,910
-
6b · Less rental expenses
real property $145,369
-
6c · Rental income or loss
real property -$459 · personal property $0
-
6d · Net rental income or loss
total -$459 · unrelated business -$459
-
7a · Gross sales of assets other than inventory
securities $297,530
-
7b · Less cost or other basis and sales expenses
securities $490,229
-
7c · Gain or loss
securities -$192,699 · other assets $0
-
7d · Net gain or loss
total -$192,699 · excluded -$192,699
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$145,106
-
8b · Fundraising events: direct expenses
$46,240
-
8c · Net income from fundraising events
total -$46,240 · excluded -$46,240
-
10a · Gross sales of inventory
$44,862
-
10b · Cost of goods sold
$12,421
-
10c · Net income from sales of inventory
total $32,441 · related or exempt $32,441
-
11a · Other revenue: Insurance Procceds
total $24,537 · excluded $24,537
-
11b · Other revenue: Miscellaneous Income
total $12,058 · excluded $12,058
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$36,595
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $171,539 · program services $42,885 · management and general $42,885 · fundraising $85,769
-
7 · Other salaries and wages
total $1,400,381 · program services $1,085,122 · management and general $15,099 · fundraising $300,160
-
9 · Other employee benefits
total $137,875 · program services $97,356 · management and general $10,496 · fundraising $30,023
-
10 · Payroll taxes
total $125,243 · program services $85,569 · management and general $10,628 · fundraising $29,046
-
11c · Fees: accounting
total $260,858 · management and general $260,858
-
11d · Fees: lobbying
total $13,549 · management and general $13,549
-
11f · Fees: investment management
total $19,713 · management and general $19,713
-
11g · Fees: other
total $267,771 · program services $145,762 · management and general $4,391 · fundraising $117,618
-
12 · Advertising and promotion
total $27,408 · management and general $29 · fundraising $27,379
-
13 · Office expenses
total $91,888 · program services $69,511 · management and general $7,644 · fundraising $14,733
-
16 · Occupancy
total $365,350 · program services $314,576 · management and general $39,087 · fundraising $11,687
-
17 · Travel
total $21,608 · program services $13,596 · management and general $7,707 · fundraising $305
-
20 · Interest
total $41,046 · management and general $41,046
-
22 · Depreciation, depletion and amortization
total $831,021 · program services $768,104 · management and general $29,521 · fundraising $33,396
-
23 · Insurance
total $67,960 · program services $5,918 · management and general $62,042
-
24a · Other expenses: Exhibitions and Program
total $447,339 · program services $446,952 · management and general $59 · fundraising $328
-
24b · Other expenses: Bank and Payroll Fees
total $33,965 · program services $15,126 · management and general $17,277 · fundraising $1,562
-
24c · Other expenses: Miscellaneous
total $33,204 · program services $11,870 · management and general $17,257 · fundraising $4,077
-
24d · Other expenses: Subscriptions and books
total $22,872 · program services $10,635 · management and general $9,275 · fundraising $2,962
-
24e · All other expenses
total $36,107 · program services $13,951 · management and general $19,199 · fundraising $2,957
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,028,224 · end of year $573,518
-
3 · Pledges and grants receivable
beginning of year $1,300,416 · end of year $836,242
-
4 · Accounts receivable
beginning of year $7,619 · end of year $0
-
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
-
8 · Inventories for sale or use
beginning of year $69,918 · end of year $73,165
-
9 · Prepaid expenses and deferred charges
beginning of year $208,310 · end of year $63,492
-
10a · Land, buildings and equipment: cost or other basis
$32,419,420
-
10b · Land, buildings and equipment: accumulated depreciation
$16,410,602
-
10c · Land, buildings and equipment, net
beginning of year $16,823,547 · end of year $16,008,818
-
11 · Investments: publicly traded securities
beginning of year $5,796,273 · end of year $6,128,846
-
12 · Investments: other securities
beginning of year $147,532 · end of year $158,517
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $655,810
-
17 · Accounts payable and accrued expenses
beginning of year $276,641 · end of year $258,300
-
19 · Deferred revenue
beginning of year $47,325 · end of year $37,850
-
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 $571,900 · end of year $971,900
-
25 · Other liabilities
beginning of year $0 · end of year $46,977
-
27 · Net assets without donor restrictions
beginning of year $21,006,869 · end of year $19,859,291
-
28 · Net assets with donor restrictions
beginning of year $3,479,104 · end of year $3,324,090
Mission and programs · 2024
Mission
The CAC is a lab for understanding ourselves, others, and the world around us through the experience and creation of all contemporary art forms.
-
As the premier venue in the Cincinnati region for contemporary art, the Contemporary Arts Center (CAC) is a place for displaying, learning about, and making art. The CAC's exhibition program catalyzes dialogue and discovery in Greater Cincinnati by presenting five to seven major exhibitions of cutting-edge contemporary art each year to over 35,000 individuals in our Zaha Hadid-designed building located in the center of downtown Cincinnati.
Expenses $1,514,741 · Revenue $11,213
-
The Contemporary Arts Center (CAC) aims to provide critical reflection and interpretation of today's culture, challenge conventional wisdom and experience, encourage social engagement, preserve cultural history, and create experiences for connecting with others. The CAC produces a range of educational programs that aid our visitors in exploring and engaging with our exhibitions. These reach more than 19,000 individuals of all ages and backgrounds, including roughly 3,000 underserved Cincinnati teens. Educational programs for students and teachers feature content aligned with state and national academic standards. Other programs are designed for homeschooled children, teens, adult learners, and seniors experiencing memory loss. Additionally, the CAC's Creativity Center is an interactive art gallery and hands-on art-making space that serves communities of all incomes and backgrounds across Greater Cincinnati.
Expenses $1,104,291 · Revenue $24,773
-
The Contemporary Arts Center's (CAC) Visitor Experience program ensures an accessible, welcoming, and engaging first point of contact for all guests. Through front desk admissions, and visitor assistance, the team provides highquality customer service that enhances each guest's interaction with the CAC's exhibitions and programs. Visitor Experience staff help connect individuals with contemporary art by facilitating smooth entry, answering questions, and supporting an inclusive and visitorcentered environment.
Expenses $291,750 · Revenue $32,468
-
The CAC's gift shop offers artinspired merchandise and publications that extend the visitor experience and promote engagement with contemporary art. In addition, the CAC provides versatile event and venue rental options that serve the community and generate missionsupporting revenue.
Expenses $216,151 · Revenue $32,441
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amy Goodwin
Co-VP
- Total calculated
- $0
- Hours/week
- 1
-
Brian Sedra
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Emily Kokenge
At-Large
- Total calculated
- $0
- Hours/week
- 1
-
Gale Beckett
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Rick Michelman PhD
At-Large
- Total calculated
- $0
- Hours/week
- 1
-
Bernie Calonge
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Lazarus
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Charlie Key
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Chuck Lohre
Board Member - Exit 02/25
- Total calculated
- $0
- Hours/week
- 1
-
Claudia Kohlman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Damian Hoskins
Board Member - Exit 09/24
- Total calculated
- $0
- Hours/week
- 1
-
Denise Osterhues
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Emily Hanako Momohara
Board Member - Exit 06/25
- Total calculated
- $0
- Hours/week
- 1
-
Eric Kearney
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
George Kurz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jenell Hubbard
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Krivickas
Board Member - Exit 08/25
- Total calculated
- $0
- Hours/week
- 1
-
Lucinda Barnes
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Maria Espinola PhD
Board Member - Exit 02/25
- Total calculated
- $0
- Hours/week
- 1
-
Michael Kelley
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Murray Sinclaire Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Reginald Harris
Board Member - Exit 09/24
- Total calculated
- $0
- Hours/week
- 1
-
Theo Erasmus
Board Member - Exit 02/25
- Total calculated
- $0
- Hours/week
- 1
-
Christina Vassallo
Executive Director - Exit 01/25
- Total calculated
- $171,539
- From this org
- $164,252
- From related orgs
- $0
- Other
- $7,287
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $164,252
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,287
- Filer's total
- $171,539
-
Carolyn Hefner
Chief of External Affairs
- Total calculated
- $115,428
- From this org
- $103,647
- From related orgs
- $0
- Other
- $11,781
- 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
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
- 2024
- Filed
- 30 June 2026
- IRS schema version
- 2024v5.1
- Source object
- 202641819349300504
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