2025-06-05T12:39:22-05:00 2024-08-31 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2023-09-01 310590095 The Contemporary Arts Center CONT 5133458400 44 East Sixth Street Cincinnati OH 45202 Christina Vassallo Executive Director 5133458400 2025-06-03 1 1 Paula Hume P00537516 5132418313 2025-06-03 2023 2025-03-06 01:10:19Z Christina Vassallo 44 East Sixth Street Cincinnati OH 45202 11476857 0 X www.contemporaryartscenter.org X 1940 OH The CAC is a lab for understanding ourselves, others, and the world around us through the experience and creation of all contemporary art forms. 28 28 68 32 -49730 0 4107154 2778941 40323 57081 464887 323731 164796 13720 4777160 3173473 0 0 0 0 1839154 2065353 0 0 843592 3245590 2855692 5084744 4921045 -307584 -1747572 33647623 25381839 8243978 895866 25403645 24485973 X The CAC is a lab for understanding ourselves, others, and the world around us through the experience and creation of all contemporary art forms. 0 0 2575537 18373 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. 643884 38708 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. The CAC operates a retail store & caf. CAC also offers options for venue rentals. 3219421 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 71 0 1 68 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Christina Vassallo 5133458400 44 East Sixth Street Cincinnati OH 45202 Emily Kokenge At-Large 1.00 X X 0 0 0 Maria Espinola PhD Board Member 1.00 X 0 0 0 Lucinda Barnes Board Member 1.00 X 0 0 0 Jennifer Verkamp Board Member - Exit 09/23 1.00 X 0 0 0 Michael Kelley Board Member 1.00 X 0 0 0 Emily Hanako Momohara Board Member 1.00 X 0 0 0 Gale Beckett Chair 1.00 X X 0 0 0 Rosemary Schlachter Chair - Exit 02/24 1.00 X X 0 0 0 Kyle Pohlman Treasurer 1.00 X X 0 0 0 Denise Osterhues Board Member 1.00 X 0 0 0 Bernie Calonge Board Member 1.00 X 0 0 0 Rick Michelman PhD At-Large 1.00 X X 0 0 0 Chuck Lohre Board Member 1.00 X 0 0 0 Lee Linder Board Member 1.00 X 0 0 0 Theo Erasmus Board Member 1.00 X 0 0 0 Mark A Goodson Board Member 1.00 X 0 0 0 Jennifer Krivickas Board Member 1.00 X 0 0 0 Eric Kearney Board Member 1.00 X 0 0 0 Steven W Jemison Board Member 1.00 X 0 0 0 Charlie Key Board Member 1.00 X 0 0 0 Amy Goodwin Co-VP 1.00 X X 0 0 0 Bruce Lazarus Board Member 1.00 X 0 0 0 Jim Cheng AIA LLD AP Board Member - Exit 02/24 1.00 X 0 0 0 Jason McCaw Board Member - Exit 02/24 1.00 X 0 0 0 Jeff Ahrnsen President 1.00 X X 0 0 0 Brian Sedra Secretary - Start 02/24 1.00 X X 0 0 0 Reginald Harris Board Member - Start 02/24 1.00 X 0 0 0 Damian Hoskins Board Member - Start 02/24 1.00 X 0 0 0 George Kurz Board Member - Start 02/24 1.00 X 0 0 0 Murray Sinclaire Jr Board Member - Start 02/24 1.00 X 0 0 0 Claudia Kohlman Board Member - Start 05/24 1.00 X 0 0 0 Jenell Hubbard Board Member - Start 05/24 1.00 X 0 0 0 Christina Vassallo Executive Director 50.00 X 144821 0 1333 Marcus Margerum Deputy Director & COO 50.00 X 139476 0 5999 284297 0 7332 2 0 0 0 Your Part-Time Controller 1500 Walnut St Suite 1200PA Philadelphia PA 19102 Accounting Services 244043 CoolCo LLC PO Box 7410060 Chicago IL 60674 Utilities 177848 UHS Premium Billing PO Box 94017 Palatine IL 60094 Employee Benefits 171144 Peck Hannaford Briggs Service Corp 4673 Spring Grove Ave Cincinnati OH 45232 Repairs & Maintenance 120542 4 290600 52220 94724 123367 2218030 2778941 Educational Program Revenue 900099 38708 38708 Exhibition Training 900099 18373 18373 57081 194307 194307 110538 160268 -49730 -49730 -49730 8183827 8054403 129424 129424 129424 66911 94724 63472 3439 3439 42143 25241 16902 16902 Insurance Procceds 900099 29350 29350 Miscellaneous Income 900099 13759 13759 43109 3173473 57081 -49730 387181 291630 189883 29738 72009 1486151 1017360 82980 385811 155524 101263 15859 38402 132048 85978 13465 32605 67970 67970 358725 358725 72300 72300 406691 191439 43565 171687 41031 8693 1950 30388 120297 43787 40561 35949 287597 239628 37554 10415 21281 12368 6228 2685 31459 28943 1258 1258 741417 682103 29657 29657 61955 60127 1828 Exhibitions & Programs 337151 332705 1795 2651 Miscellaneous 211272 176186 23645 11441 Subscriptions and books 33380 5819 20148 7413 Hospitality 28352 23644 3173 1535 34814 19495 7461 7858 4921045 3219421 858032 843592 1153540 1028224 924418 1300416 225 7619 60914 69918 107221 208310 32394734 15571187 17494634 16823547 12973733 5796273 19846 147532 913092 0 33647623 25381839 291067 276641 3645 47325 7949266 571900 8243978 895866 X 22971336 21006869 2432309 3479104 25403645 24485973 33647623 25381839 X -1747572 758948 70952 X X 0 1 X 1 0 X 2821952 2682620 3284820 4107154 2778941 15675487 2821952 2682620 3284820 4107154 2778941 15675487 1001018 14674469 398120 420167 303060 332372 194306 1648025 29 76942 76971 2963 316314 43109 362386 17762869 722349 0.82610 0.79100 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Income - 2021 Amount: $ 2,963. 2022 Amount: $ 51,314. 2023 Amount: $ 43,109. Swap Refund - 2022 Amount: $ 265,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 13116951 1010379 8331057 5796273 17366715 80000 955271 5285035 13116951 21355547 33332 -2607561 1414603 17366715 19342139 9886 3373936 1280699 89715 21355547 17734054 20000 2653659 978243 87331 19342139 0.95000 0.05000 0 0 863000 863000 17555138 9320110 8235028 10806298 3732917 7073381 3170298 2518160 652138 16823547 X 4116582 758948 333041 1091989 3024593 72300 76580 148880 3173473 5034254 185509 185509 4848745 72300 72300 4921045 Part V, Line 4: The Center's endowment consists of funds established to provide income to operations. Part X, Line 2: The Center is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of Ohio law. However, the Center is subject to federal income tax on any unrelated business taxable income. The Center's IRS Form 990 is subject to review and examination by federal and state authorities. The Center believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Rental Expenses 160,268. Change in Beneficial Interest In Trust 147,532. COGS 25,241. Part XI, Line 4b - Other Adjustments: Change in Rate Swap 76,580. Part XII, Line 2d - Other Adjustments: Rental Expenses 160,268. COGS 25,241. Gala 148685 82674 66011 6987 20906 18807 Cuisine Art Cocktails 12950 12050 900 6160 1 10612 161635 94724 66911 6987 20906 35579 63472 3439 X 0 0 0 0 0 0 0 0 0 Form 990, Part VI, Section B, line 11b A copy of the form 990 is provided to the governing body prior to filing. Form 990, Part VI, Section B, line 12c Compliance is reviewed quarterly and those who have not completed the disclosure forms are asked to do so. Form 990, Part VI, Section B, line 15 The Executive Director's compensation package will be reviewed and presented to him or her within six weeks of the face-to-face annual performance review. The Executive Committee, whose duties include determining the yearly evaluation of the salary of the Chief Executive of the organization, will hold a discussion concerning compensation that will include completion of objectives established in the annual budget and strategic plan. The Committee will benchmark compensation for the position utilizing industry-specific reports and other studies. The Executive Committee will recommend a compensation package to the President and Executive Committee upon their approval, the President will present a summary of the performance review with salary and bonus recommendations to the full board in an Executive session of a board meeting. Upon the approval of the board, the compensation package will be presented to the Chief Executive. The President will communicate changes in the compensation package to the Human Resources Director. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available to the public by request. Form 990, Part XI, line 9: Change in Benficial Interest in Trust 147,532. Change In Rate Swap -76,580. Form 990, Part XII, Line 2c: There have been no changes in the process during the year.