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Akron Art Museum

Public charity
Other · AKRON, OH · EIN 34-0813426

About

The akron art museum invites ALL people to enrich their lives through modern and contemporary art. The museum manifests this commitment by: - we believe in the value of art and artists. The museum builds, studies and shares our outstanding modern and contemporary collection of regional, national, and international art. We celebrate and collect emerging and established artists, invest in art that honors diversity and creativity, and preserve world-class art and architecture for future generations. - we believe in the power of museums to inspire and educate. The museum provides access to varied experiences that educate, inspire, and engage. Visitors are invited to learn, play, and grow while connecting with themselves and others. Experiences with art and artists are designed to explore the creative process and offer insight into how artists reflect human experience and culture across time and geography. - we believe in working with and for our community. The museum exists to serve the community and does so by building strong relationships through collaborative partnerships, constructive dialogue, and diverse representation. - we believe in fostering a culture of respect. The museum respects and values our stakeholders throughout ALL of our interactions. Welcoming others with a sense of belonging and valuing their contributions is of utmost importance. - we believe in accountability and continuous growth. We strive for progress by living our values honestly and transparently as well as by focusing on continuous growth through experience, collaboration, and introspection.

Donations are tax-deductible
Category
Other
Employees
74
Volunteers
54

Financial Snapshot

FY ending 2024-06-30
Revenue
$7.2M
Expenses
$5.6M
Assets
$65.7M
Liabilities
$1.8M

Financial history

$7.2M$3.6M$0
161718192021222324
RevenueExpenses
Latest FY2024: $7.2M · Avg: $4.9M

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$36K
Grants Given
AKRON ART MUSEUM
Your actions

Address

1 S High ST
Akron, OH, 44308-180

Governance

Voting board members23
Independent members23
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %14.6%
Permanent endowment %61.9%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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