2024-07-15T13:17:54-05:00 2023-08-31 310800053 CLARK SCHAEFER HACKETT & CO 1 EAST 4TH STREET CINCINNATI OH 45202 990 2022-09-01 205148617 TAFT MUSEUM OF ART TAFT 5132410343 316 PIKE STREET CINCINNATI OH 45202 PETER AAMODT CFO 5132410343 2024-07-12 1 PETER AAMODT 999009999 0 ESTHER DANIEL P01285343 5132413111 2024-07-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER AAMODT 316 PIKE STREET CINCINNATI OH 45202 13342249 0 X WWW.TAFTMUSEUM.ORG X 2006 OH TO PROVIDE MEANINGFUL EXPERIENCES BY CONNECTING PEOPLE WITH GREAT ART, BOTH IN A HISTORIC SETTING AND IN THE COMMUNITY. 31 31 106 91 301776 136511 5130486 8119472 658294 267524 1597332 1456641 62813 281244 7448925 10124881 0 0 0 0 3388248 4042829 0 0 513951 2527501 2940263 5915749 6983092 1533176 3141789 63456047 69998637 4628031 6463900 58828016 63534737 TO PROVIDE MEANINGFUL EXPERIENCES BY CONNECTING PEOPLE WITH GREAT ART, BOTH IN A HISTORIC SETTING AND IN THE COMMUNITY. 0 0 3846957 199777 IN ADDITION TO THE HISTORIC TAFT HOUSE AND ITS PERMANENT ART COLLECTION, THE MUSEUM HOSTED TWO MAJOR TEMPORARY EXHIBITIONS DURING THE FISCAL YEAR. OVER 26,988 VISITORS HAVE PARTAKEN IN TOURING THE HOUSE AND VIEWING THE TRAVELING EXHIBITIONS. THE MUSEUM ALSO PROVIDES BOTH A CAFE AND A GIFT SHOP FOR THE COMFORT AND ENJOYMENT OF ITS VISITORS ALONG WITH THE OPPORTUNITIES TO RENT THE OUTSIDE GARDEN AND FACILITIES. 543026 28200 THE MUSEUM PROVIDES EDUCATIONAL PROGRAMS REACHING OUT TO SCHOOLS, FAMILIES, AND THE GENERAL PUBLIC TO ACHIEVE THE GOAL OF BRINGING THE ART COLLECTION ALIVE FOR ALL AUDIENCES. ACTIVITIES INCLUDE LECTURES, WORKSHOPS, STUDIO PROGRAMS, CONCERTS, AS WELL AS SUMMER ART CAMP AND INTERACTIVE TOURS FOR SCHOOL CHILDREN. 4389983 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 1 106 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X PETER AAMODT 5132410343 316 PIKE STREET CINCINNATI OH 452024293 JILL T MCGRUDER CHAIR 1.00 X X 0 0 0 KELSEY BAHL TRUSTEE 0.50 X 0 0 0 RON T BATES TRUSTEE 0.50 X 0 0 0 SHANNON CARTER VICE CHAIR 1.00 X X 0 0 0 PAUL W CHELLGREN CHAIR EMERITUS 0.50 X 0 0 0 PHILIP K CONE TRUSTEE 0.50 X 0 0 0 NANCY FEHR TRUSTEE 0.50 X 0 0 0 KRISTINE R GARRETT TRUSTEE 0.50 X 0 0 0 BONNIE GLEAVES TRUSTEE 0.50 X 0 0 0 GERALD H GREENE TRUSTEE 0.50 X 0 0 0 CHRISTOPHER S HABEL TRUSTEE 0.50 X 0 0 0 DAVID L HAUSRATH TREASURER 1.00 X X 0 0 0 HEATHER M HAWKINS TRUSTEE 0.50 X 0 0 0 ROBERT CHIP HEIDT TRUSTEE 0.50 X 0 0 0 JAMIE JEWELL TRUSTEE 0.50 X 0 0 0 DARA M KENDALL TRUSTEE 0.50 X 0 0 0 JOHN T LAWRENCE TRUSTEE 0.50 X 0 0 0 PHILLIP C LONG DIRECTOR EMERITUS 0.50 X 0 0 0 PHYLLIS L MCCALLUM TRUSTEE 0.50 X 0 0 0 RICHARD L MOORE TRUSTEE 0.50 X 0 0 0 RICHARD D OLIVER TRUSTEE 0.50 X 0 0 0 LAURA R PEASE TRUSTEE 0.50 X 0 0 0 JORGE PEREZ TRUSTEE 0.50 X 0 0 0 BRADFORD PHILLIPS TRUSTEE 0.50 X 0 0 0 LEONARD M RANDOLPH JR MD TRUSTEE 0.50 X 0 0 0 ELLEN RIEVESCHL TRUSTEE 0.50 X 0 0 0 KATHERINE D SCHMITT TRUSTEE 0.50 X 0 0 0 BETSY K SCHWARTZ TRUSTEE 0.50 X 0 0 0 ANNE SHANAHAN TRUSTEE 0.50 X 0 0 0 DUDLEY S TAFT JR TRUSTEE 0.50 X 0 0 0 JANE A VOTEL SECRETARY 1.00 X X 0 0 0 PETER AAMODT CFO - PART YEAR 50.00 X 0 0 0 DEBORAH EMONT SCOTT CEO - PART YEAR 50.00 X 228687 0 10649 REBEKAH BEAULIEU CEO - PART YEAR 50.00 X 59699 0 4524 BETH K SILER CFO - PART YEAR 50.00 X 100922 0 11972 LINDSEY NECAMP DEPUTY DIERCTOR 50.00 X 119122 0 5243 508430 0 32388 3 0 1 0 HGC CONSTRUCTION 2814 STANTON AVENUE CINCINNATI OH 45206 FACILITY RENOVATION 5912476 HOP PROPERTIES LLC 3842 TWIN OAK DRIVE EDGEWATER MD 21037 RENOVATION PROJECT MANAGEMENT 417624 GBBN ARCHITECTS INC 332 EAST EIGHTH ST CINCINNATI OH 45202 ARCHITECTURAL SERVICES 276544 AMERICAN FEDERATION OF ARTS 305 EAST 47TH STREET 10TH FLOOR NEW YORK NY 10017 EXHIBIT FEES 125350 ART SENTRY 6925 ENGLE RD CLEVELAND OH 44130 SECURITY EQUIPMENT PROVIDER 112235 5 205822 489382 7424268 103949 8119472 MEMBERSHIP DUES 900099 144714 144714 ADMISSIONS 900099 83586 83586 EDUCATIONAL AND OTHER PROGRAMS 900099 39224 39224 267524 1524280 1524280 437894 142351 295543 295543 295543 2750260 2817899 -67639 -67639 -67639 87941 205822 81856 6085 6085 141948 175262 -33314 -39547 6233 MISCELLANEOUS 900099 12930 12930 12930 10124881 227977 301776 1475656 416454 276647 103596 36211 2953172 1970785 727437 254950 70066 43478 19874 6714 351547 218143 99716 33688 251590 156117 71363 24110 29424 5739 21847 1838 40400 7879 29997 2524 18000 18000 5511 5511 236168 31571 188718 15879 33728 32978 750 248639 67153 150494 30992 766800 651477 113692 1631 32191 18038 14149 4 64406 64406 659340 417574 182842 58924 116920 25426 91494 MISCELLANEOUS 332331 103064 194022 35245 EXHIBITION EXPENSES 248565 248565 PROGRAMS AND EDUCATION 97349 97349 DEVELOPMENT 10491 10491 6983092 4389983 2079158 513951 6469 6075 522608 5652381 2593652 1944738 247618 22644 66891 102751 170534 400607 34652756 11574205 21180675 23078551 14081003 17963861 24564597 20483522 22000 343507 63456047 69998637 2010542 574678 69324 104967 2548165 5447099 0 337156 4628031 6463900 X 17915926 29363167 40912090 34171570 58828016 63534737 63456047 69998637 X 3141789 1153498 411434 X X 0 1 X 1 1 1 X 2508187 5471177 6983887 5130486 8119472 28213209 2508187 5471177 6983887 5130486 8119472 28213209 5359000 22854209 1159749 1260195 1210027 1613775 1524280 6768026 107406 107406 63040 57254 378273 19015 517582 35606223 2068622 0.64190 0.62790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 315,624. 2022 AMOUNT: $ 12,930. SPECIAL EVENTS NET - 2018 AMOUNT: $ 63,040. 2019 AMOUNT: $ 57,254. 2020 AMOUNT: $ 62,649. 2022 AMOUNT: $ 6,085. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 18000 18000 7231615 7249615 512481 128120 0 0 413448 398299 448656 512481 1772884 2659326 2517 2480 23375 18000 46372 103362 99575 112164 128120 443221 664832 2014 1984 1900 5898 FORM 990, SCHEDULE C, PART II-A: THE MUSEUM HAS A MEMBERSHIP IN THE LOBBYING ORGANIZATION, OHIO CITIZENS FOR THE ARTS. THIS ORGANIZATION ADVOCATES ON BEHALF OF THE OHIO ARTS COUNCIL. X X X X X EDUCATIONAL PROGRAMS 0 18460706 -31455 1563371 2057139 17935483 22169509 517016 -3176753 1049066 18460706 19259112 10300 3629285 729188 22169509 18404027 987276 1144979 1277170 19259112 16502543 3159436 205522 1463474 18404027 0.39950 0.60050 1 0 60551 60551 200860 200860 29413129 10524617 18888512 4081165 1049588 3031577 897051 897051 23078551 FUNDS HELD FOR THE BENEFIT OF THE MUSEUM 20264337 F BENEFICIAL INTEREST IN TRUST 219185 F 20483522 OPERATING LEASE LIABILITY 337156 337156 X 12098691 1153498 14920 411434 1579852 10518839 5511 -399469 -393958 10124881 7391970 14920 399469 414389 6977581 5511 5511 6983092 PART III, LINE 1A: IN CONFORMITY WITH PRACTICES FOLLOWED BY MANY SIMILAR INSTITUTIONS, ART OBJECTS ARE NOT INCLUDED AS ASSETS IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE TERMS OF THE ORIGINAL DEED OF GIFT REQUIRE THAT THE ART COLLECTION DESIGNATED AS THE "TAFT COLLECTION" BE PERPETUALLY MAINTAINED AND PRESERVED UNIMPAIRED BY THE MUSEUM. PART III, LINE 4: THE TAFT MUSEUM OF ART COLLECTIONS INCLUDE EUROPEAN OLD MASTER AND 19TH-CENTURY PAINTINGS, AMERICAN PAINTINGS AND SCULPTURES, CHINESE PORCELAINS, AND EUROPEAN DECORATIVE ARTS. THE BAUM-LONGWORTH-SINTON-TAFT HOUSE, AN EXCELLENT EXAMPLE OF AMERICAN PALLADIAN ARCHITECTURE, IS ON THE NATIONAL REGISTER OF HISTORIC PLACES WITH NATIONAL LANDMARK STATUS. THE COLLECTION FURTHERS THE MUSEUM'S EXEMPT PURPOSE BY SERVING AS THE CORNERSTONE FOR THE MUSEUM'S EXHIBITIONS, PUBLIC PROGRAMS, AND EDUCATIONAL ACTIVITIES. PART V, LINE 4: THE ENDOWMENT FUNDS' EARNINGS ARE USED FOR VARIOUS REASONS SUCH AS: OPERATIONS, GARDEN UPKEEP, SUMMER ART CAMP, TO HOST SPECIAL EXHIBITIONS, AND ART LECTURES. PART X, LINE 2: THE MUSEUM HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THOSE PROVISIONS CLARIFY THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE MUSEUM'S INCOME TAX RETURNS. THE MUSEUM'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE MUSEUM'S POLICY WITH REGARD TO INTEREST AND PENALTY IS TO RECOGNIZE INTEREST THROUGH INTEREST EXPENSE AND PENALTIES THROUGH OTHER EXPENSE. THE MUSEUM HAS REVIEWED ITS POSITION IN CONNECTION WITH UNRELATED BUSINESS INCOME TAX AND MANAGEMENT BELIEVES NOTHING HAS OCCURRED THAT WOULD RESULT IN AN UNCERTAIN TAX POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: BENEFICIAL INTEREST VALUE CHANGE 411,434. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -175,262. DIRECT FUNDRAISING EXPENSES -81,856. DIRECT RENTAL COST -142,351. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 175,262. DIRECT FUNDRAISING EXPENSES 81,856. DIRECT RENTAL COST 142,351. ENCHANTED GARDEN GALA 293763 205822 87941 1855 12634 51259 550 15558 293763 205822 87941 1855 12634 51259 550 15558 81856 6085 X 1 1 X X 0 0 0 0 0 0 0 0 0 DEBORAH EMONT SCOTT CEO - PART YEAR 185687 0 43000 0 0 0 3765 0 6884 0 239336 0 0 0 PART I, LINE 1A THE CEO USES A SOCIAL CLUB FOR BUSINESS PURPOSES ONLY. X 10 103949 STOCK EXCHANGE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, AND BOARD TREASURER WILL REVIEW PRIOR TO FILING. THE FINAL VERSION WILL BE EMAILED TO ALL BOARD MEMBERS FOR THEIR INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD AND STAFF ARE REQUIRED TO FILL OUT A NEW CONFLICT OF INTEREST POLICY. ANY DISCLOSURES ON THE SUBMITTED CONFLICT OF INTEREST ARE REVIEWED FOR APPROPRIATENESS AT THE FOLLOWING FINANCE/EXEC MEETING OF THE BOARD. ANY DISCLOSURES MUST BE THEN APPROVED. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE DETERMINED THROUGH THE USE OF COMPARISONS WITH SALARY SURVEYS FROM SIMILAR MUSEUMS IN COMBINATION WITH A REVIEW PROCESS WHICH INCLUDES AN EMPLOYEE PREPARING A SELF REVIEW THAT IS EVALUATED ALONGSIDE AN EMPLOYEE REVIEW THAT WAS PREPARED BY THE EMPLOYEE'S SUPERVISOR. THE RESULTS ARE EVALUATED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BENEFICIAL INTEREST VALUE CHANGE 411,434. FORM 990, PART XII, LINE 2C: THE PROCESS THAT IS USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED.