The Cincinnati Arts Association (CAA), a not-for-profit, was founded in 1990 to serve as a manager, presenter and educator. CAA's mission is to present a broad range of high quality performing and visual arts programs to a wide range of audiences, foster an appreciation of the arts and an understanding of their forms, and encourage the use of CAA facilities by local and regional arts organizations.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$981K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.3M a year · 18% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$981K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
20 mo
of spending, in cash
Plus $38.9M in investments, Pt X · Ln 11–13
Looks good: 20.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $435K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12.6M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
-29% vs prior year
Spent
$6.9M
To programs
62%
Net assets
$44.3M
By yearFY2020–FY2025
Revenue
$8.7M
FY2021▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.3M
FY2021$8.7M
FY2022$26.7M
FY2023$19.1M
FY2024$18.6M
FY2025$21.3M
Expenses
$6.9M
FY2021▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.2M
FY2021$6.9M
FY2022$16.7M
FY2023$16.7M
FY2024$17.2M
FY2025$17.5M
Net assets
$44.3M
FY2021▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$35.5M
FY2021$44.3M
FY2022$48.9M
FY2023$52.6M
FY2024$60.5M
FY2025$64.4M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1991.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $4.3M Management & general 35% · $2.4M Fundraising 3% · $223K

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

26 people listed on the 990; $981K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$205,000Pt VII · Sec A
Vice President and COO
$144,458Pt VII · Sec A
Vice President, Developmen
$112,921Pt VII · Sec A
Vice President and CFO
$108,019Pt VII · Sec A
Vice President, Marketing
$105,291Pt VII · Sec A
Vice President Human Resou
$101,731Pt VII · Sec A
Vice President Education &
$101,731Pt VII · Sec A
General Manager
$101,731Pt VII · Sec A

Stephen a Loftin’s $364K as President - CEO is at the 58th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen a Loftin$364,194$347,571$325,875$305,032$205,000$292,623
Todd Duesing-Exit 0723——$177,659———
Tina L Carroll———$175,538$108,019$152,110
Benjamin T Reece$165,885$160,020$146,179———
Todd Duesing———$158,209$144,458$146,471
Deborah Morgan-Exit 123123—$138,075————
Brenda Carter$136,965$126,930$111,998$114,332$101,731$102,186
Van Ackerman$132,264$127,256$113,751$111,436$105,291$100,817

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Presents diverse arts programs, fosters appreciation, and supports local arts groups.

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Provided by the organization

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3 programs · $4.3M · in their own filed words · FY2020
01

The Cincinnati Arts Association (CAA) oversees the programming and management of two of the Tri-state's largest arts venues - the Aronoff Center for the Arts and Music Hall. Designed by renowned architect Cesar Pelli, the Aronoff Center for the Arts opened in 1995 and is located in the heart of downtown Cincinnati.

$4.2Mprogram expense
02

CAA's Education and Community Relations Department promotes life-long learning through the arts by developing opportunities that are diverse, multi-disciplinary and accessible to all ages, ethnic and cultural groups.

$42Kprogram expense
03

Each season, CAA presents an eclectic mix of approximately one dozen performing arts events from around the world designed to reach diverse audiences, with special attention to the Tri-state's minority communities (African-American, Asian-American, Hispanic/Latino, etc.).

$34Kprogram 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
See all 13 funders →
Grants paid · 7 grants · $240K · 2019–2024
Unitemized GrantFY2024$60,155
Unitemized GrantFY2023$36,000
Unitemized GrantFY2022$36,000
Unitemized GrantFY2021$36,000
Unitemized GrantFY2020$25,500
Unitemized GrantFY2019$43,000
Unitemized GrantFY2019$3,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$2.1M
Fees for servicesLn 2g$943K
Money outPt IX
$6.9M
Ln 25
Programscol B$4.3M
Managementcol C$2.4M
Fundraisingcol D$223K
Owns and owesPt X
$44.3M
net assets · Ln 32
Cash and savingsLn 1–2$11.7M
Total assetsLn 16$56.9M
LiabilitiesLn 26$12.6M
PeoplePt VI, VII
26
listed · VII A
PaidVII A8
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Government grantsLn 1e$3.9M
Noncash giftsLn 1g$290K
Fees for servicesLn 2g$943K
Investment incomeLn 3$2.1M
Other incomeLn 4–11$154K
Gains on assetsLn 7$1.2M
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$11.7M
Cash and savings togetherLn 1–2$11.7M
InvestmentsLn 11–13$38.9M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$2.6M
Total assetsLn 16$56.9M
LiabilitiesLn 26$12.6M
Net assetsLn 32$44.3M
OperationsPt I, VI
EmployeesI 5632
VolunteersI 6698
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$5.3M$11.7M
InvestmentsLn 11–13$29.6M$38.9M
Land, buildings, equipmentLn 10c$3.1M$2.7M
Total assetsLn 16$41.9M$56.9M
LiabilitiesLn 26$6.4M$12.6M
Net assetsLn 32$35.5M$44.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26K$26K
Pay of current officers, directors and key staffLn 5$1.1M$297K$676K$130K
Other salaries and wagesLn 7$2.5M$1.7M$832K$52K
Pension plan contributionsLn 8$82K$55K$25K$3K
Other employee benefitsLn 9$445K$354K$76K$15K
Payroll taxesLn 10$429K$184K$231K$14K
Investment management feesLn 11f$171K$171K
Other fees for servicesLn 11g$376K$230K$146K
Advertising and promotionLn 12$32K$32K
Office expensesLn 13$261K$96K$163K$1K
OccupancyLn 16$247K$247K
TravelLn 17$6K$4K$1K$342
Depreciation, depletion and amortizationLn 22$377K$365K$12K
InsuranceLn 23$99K$82K$18K
Other expenses (24a–d)Ln 24$649K$649K$177
All other expensesLn 24e$110K$54K$49K$7K
Total functional expensesLn 25$6.9M$4.3M$2.4M$223K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.3M$17.5M$3.8M$64.4M 990 PDF
FY2024 $18.6M$17.2M$1.4M$60.5M 990 PDF
FY2023 $19.1M$16.7M$2.4M$52.6M 990 PDF
FY2022 $26.7M$16.7M$10.0M$48.9M 990 PDF
FY2021 Viewing $8.7M$6.9M$1.8M$44.3M 990 PDF
FY2020 $12.3M$12.2M$80K$35.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $8,741,930 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,231,824$5,584,917
I-9 Program service revenuePrior year $8,314,568$942,847
I-10 Investment incomePrior year $667,304$2,059,851
I-11 Other revenuePrior year $89,546$154,315
I-12 Total revenuePrior year $12,303,242$8,741,930
I-13 Grants and similar amounts paidPrior year $46,500$25,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,033,317$4,593,043
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,143,811$2,328,416
I-18 Total expensesPrior year $12,223,628$6,946,959
I-19 Revenue less expensesPrior year $79,614$1,794,971
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,741,930 across 12 lines filed
Lines not itemized here account for $6,377 of total revenue; see the IRS return.
VIII-1a Federated campaigns$50,000
VIII-1b Membership dues$312,520
VIII-1e Government grants$3,927,572
VIII-1f All other contributions, gifts and grants$1,294,825
VIII-1g Noncash contributions (included above)$290,037
VIII-1h Total contributions, gifts and grants$5,584,917
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $942,847$942,847
VIII-3 Investment incomeExcluded from tax $844,123$844,123
VIII-6 Net rental income or lossExcluded from tax $138,116$138,116
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,215,728$1,215,728
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9,822$9,822
VIII-12 Total revenueRelated to mission $942,847 · Unrelated business $0 · Excluded from tax $2,214,166$8,741,930
Part IX · Statement of functional expenses $6,946,959 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $25,500$25,500
IX-5 Pay of current officers, directors and key staffPrograms $297,169 · Management $675,930 · Fundraising $130,401$1,103,500
IX-7 Other salaries and wagesPrograms $1,650,041 · Management $831,513 · Fundraising $52,277$2,533,831
IX-8 Pension plan contributionsPrograms $54,565 · Management $24,717 · Fundraising $2,927$82,209
IX-9 Other employee benefitsPrograms $354,485 · Management $75,521 · Fundraising $14,950$444,956
IX-10 Payroll taxesPrograms $184,021 · Management $230,898 · Fundraising $13,628$428,547
IX-11f Investment management feesManagement $171,201$171,201
IX-11g Other fees for servicesPrograms $229,642 · Management $146,468$376,110
IX-12 Advertising and promotionManagement $32,163$32,163
IX-13 Office expensesPrograms $95,895 · Management $163,346 · Fundraising $1,263$260,504
IX-16 OccupancyPrograms $246,786$246,786
IX-17 TravelPrograms $4,213 · Management $1,413 · Fundraising $342$5,968
IX-22 Depreciation, depletion and amortizationPrograms $365,125 · Management $12,283$377,408
IX-23 InsurancePrograms $81,516 · Management $17,634$99,150
IX-24 Other expenses (24a–d)Programs $648,561 · Management $177$648,738
IX-24e All other expensesPrograms $53,913 · Management $49,487 · Fundraising $6,988$110,388
IX-25 Total functional expensesPrograms $4,291,432 · Management $2,432,751 · Fundraising $222,776$6,946,959
Part X · Balance sheet $56,926,622 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,334,066$11,675,019
X-3 Pledges and grants receivableStart of year $1,234,942$803,516
X-4 Accounts receivableStart of year $35,501$98,948
X-8 Inventories for sale or useStart of year $94,079$67,245
X-9 Prepaid expenses and deferred chargesStart of year $489,473$115,030
X-10c Land, buildings and equipment, netStart of year $3,066,948$2,689,913
X-11 Publicly traded securitiesStart of year $29,554,564$38,894,735
X-15 Other assetsStart of year $2,101,084$2,582,216
X-16 Total assetsStart of year $41,910,657$56,926,622
X-17 Accounts payable and accrued expensesStart of year $1,064,914$2,307,739
X-19 Deferred revenueStart of year $1,476,385$2,440,555
X-24 Unsecured notes and loans payableStart of year $2,178,700$2,178,700
X-25 Other liabilitiesStart of year $1,670,709$5,707,000
X-26 Total liabilitiesStart of year $6,390,708$12,633,994
X-27 Net assets without donor restrictionsStart of year $7,493,001$7,050,661
X-28 Net assets with donor restrictionsStart of year $28,026,948$37,241,967
X-32 Total net assets or fund balancesStart of year $35,519,949$44,292,628
X-33 Total liabilities and net assetsStart of year $41,910,657$56,926,622
Part XI · Reconciliation of net assets $44,292,628 net assets at year end
XI-1 Total revenue$8,741,930
XI-2 Total expenses$6,946,959
XI-3 Revenue less expenses$1,794,971
XI-4 Net assets at start of year$35,519,949
XI-5 Net unrealized gains (losses) on investments$6,496,576
XI-9 Other changes in net assets$481,132
XI-10 Net assets at end of year$44,292,628

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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