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Cincinnati Museums Foundation FY2020 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 2011Arts & CultureEIN 27-5304295

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To provide financial support for the benefit of Cincinnati museum center, national underground railroad freedom center and any other tax exempt, nonprofit entity of which the Cincinnati museum center is the sole member and to conduct any activities consistent with such purposes.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $7.3M a year · 80% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $663K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
Spent
$1.2M
To programs
96%
Net assets
$29.5M
By yearFY2020–FY2024
Revenue
$1.9M
FY2020
Revenue by fiscal year
FY2020$1.9M
FY2021$25.4M
FY2022$6.4M
FY2023$3.0M
FY2024$9.0M
FY2024$7.1M
Expenses
$1.2M
FY2020
Expenses by fiscal year
FY2020$1.2M
FY2021$1.7M
FY2022$1.5M
FY2023$2.0M
FY2024$2.9M
FY2024$2.9M
Net assets
$29.5M
FY2020
Net assets by fiscal year
FY2020$29.5M
FY2021$61.7M
FY2022$53.2M
FY2023$56.9M
FY2024$87.1M
FY2024$94.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.2M Management & general 4% · $56K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
David Phillips
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Francie Hiltz
Board Member
$0Pt VII · Sec A
Jane Garvey
Chairperson
$0Pt VII · Sec A
Jeffery Hopkins
Outgoing Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Lindner JR
Board Member
$0Pt VII · Sec A
See Cincinnati Museums Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Cincinnati Museum Center and Freedom Center with funds and related activities.

Provided by the organization

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1 program · $1.2M · in their own filed words · FY2019
01

Cincinnati museums foundation provides contributions to support the cincinnati museum center and the national underground railroad freedom center.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Cincinnati Museum CenterFY2024$626K
National Underground Railroad Freedom Center INCFY2024$37K
Total grants receivedfrom 2 funders$663K
Grants paid · 8 grants · $6.1M · 2019–2022
Cincinnati Museum CenterOH · FY2022$1,506,367
National Underground Railroad Freedom Center INCOH · FY2022$434,088
Cincinnati Museum CenterOH · FY2021$987,777
National Underground Railroad Freedom Center INCOH · FY2021$405,263
Cincinnati Museum CenterOH · FY2020$1,161,544
National Underground Railroad Freedom Center INCOH · FY2020$419,447
Cincinnati Museum CenterOH · FY2019$801,201
National Underground Railroad Freedom Center INCOH · FY2019$391,607

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$931K
Investment incomeLn 3$928K
Other incomeLn 4–11$271
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$56K
Owns and owesPt X
$29.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$29.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$931K
Investment incomeLn 3$928K
Other incomeLn 4–11$271
Gains on assetsLn 7$244K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$27.0M
Total assetsLn 16$29.5M
LiabilitiesLn 26$0
Net assetsLn 32$29.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3K$2.5M
InvestmentsLn 11–13$29.3M$27.0M
Total assetsLn 16$29.3M$29.5M
LiabilitiesLn 26$10K$0
Net assetsLn 32$29.3M$29.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$46K$46K
Office expensesLn 13$20$20
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$200$200
Total functional expensesLn 25$1.2M$1.2M$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.0M$2.9M$6.2M$87.1M 990 PDF
FY2023 $3.0M$2.0M$1.0M$56.9M 990 PDF
FY2022 $6.4M$1.5M$4.9M$53.2M 990 PDF
FY2021 $25.4M$1.7M$23.8M$61.7M 990 PDF
FY2020 Viewing $1.9M$1.2M$610K$29.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,859,085 across 6 lines filed
VIII-1d Related organizations$931,137
VIII-1h Total contributions, gifts and grants$931,137
VIII-3 Investment incomeExcluded from tax $683,929$683,929
VIII-7 Net gain or loss on sales of assetsExcluded from tax $243,748$243,748
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $271$271
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $927,948$1,859,085
Part IX · Statement of functional expenses $1,248,982 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $1,192,808$1,192,808
IX-11c Accounting feesManagement $5,059$5,059
IX-11f Investment management feesManagement $46,257$46,257
IX-13 Office expensesManagement $20$20
IX-23 InsuranceManagement $4,638$4,638
IX-24 Other expenses (24a–d)Management $200$200
IX-25 Total functional expensesPrograms $1,192,808 · Management $56,174 · Fundraising $0$1,248,982
Part X · Balance sheet $29,523,336 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $3,162$10,433
X-2 Savings and temporary cash investments$2,509,956
X-12 Other securitiesStart of year $29,262,556$27,002,947
X-16 Total assetsStart of year $29,265,718$29,523,336
X-25 Other liabilitiesStart of year $5,590$0
X-26 Total liabilitiesStart of year $10,090$0
X-27 Net assets without donor restrictionsStart of year $5,225,060$5,142,503
X-28 Net assets with donor restrictionsStart of year $24,030,568$24,380,833
X-32 Total net assets or fund balancesStart of year $29,255,628$29,523,336
X-33 Total liabilities and net assetsStart of year $29,265,718$29,523,336
Part XI · Reconciliation of net assets $29,523,336 net assets at year end
XI-1 Total revenue$1,859,085
XI-2 Total expenses$1,248,982
XI-3 Revenue less expenses$610,103
XI-4 Net assets at start of year$29,255,628
XI-5 Net unrealized gains (losses) on investments−$342,395
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,523,336

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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