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Arts, Culture, Humanities : Museums

Akron Art Museum

Promoting the appreciation of art

three stars

84.43

One South High Street Akron, OH 44308
tel: (330) 376-9185   Web Site
EIN: 34-0813426

Board Leadership
Dianne R. Newman
President

CEO
Mark Masuoka
Executive Director & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 84.43 three stars
  Financial 88.89 three stars
  Accountability & Transparency 81.00 three stars
This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.

The Akron Art Museum first opened its doors in 1922 as the Akron Art Institute. Since that time, the museum has continued to enrich the lives of those in Northeast Ohio and beyond through modern art. Its collection is nationally recognized, and three acquisitions endowments have been created to ensure the collection's future growth. In 2007, the museum more than tripled in size with the opening of the new John S. and James L. Knight Building, creating a cultural hub for the community and serving as a symbol for Akron's embrace of the twenty-first century. The new structure adjoins the original building. Spanning three centuries, like the museum's collection, together they symbolize the museum's dual role as preserver of the past and herald of the future.

The Akron Art Museum first opened its doors in 1922 as the Akron Art Institute. Since that time, the museum has continued to enrich the lives of those in Northeast Ohio and beyond through modern art. Its collection is nationally recognized, and three acquisitions endowments have been created to ensure the collection's future growth. In 2007, the museum more than tripled in size with the opening of the new John S. and James L. Knight Building, creating a cultural hub for the community and serving as a symbol for Akron's embrace of the twenty-first century. The new structure adjoins the original building. Spanning three centuries, like the museum's collection, together they symbolize the museum's dual role as preserver of the past and herald of the future.

Impact Information

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Financial

three stars

88.89

Accountability & Transparency

three stars

81.00

This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
67.2%
  Administrative Expenses 27.0%
  Fundraising Expenses 5.7%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 8.75
  Program Expenses Growth 6.7%
  Liabilities to Assets 0.4%
All data for Financial Performance Metrics calculations was provided by Akron Art Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Akron Art Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Akron Art Museum (OH) 84.43 three stars
Philadelphia Museum of Art (PA) 89.00 three stars
Chrysler Museum of Art (VA) 90.90 four stars
The Cummer Museum of Art & Gardens (FL) 86.34 three stars
Museum of Arts and Sciences (GA) 87.56 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,547,259
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $198,623
   Related Organizations $0
   Government Grants $490,417
Total Contributions $3,236,299
   Program Service Revenue $396,739
Total Primary Revenue $3,633,038
   Other Revenue $2,353,238
TOTAL REVENUE $5,986,276
   
EXPENSES  
   Program Expenses $3,352,720
   Administrative Expenses $1,248,092
   Fundraising Expenses $282,454
TOTAL FUNCTIONAL EXPENSES $4,883,266
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,103,010
   
Net Assets $56,594,761

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Exhibitions $2,782,758 83.0%
Education/Community Outreach $569,962 17.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 07/01/2018 84.43 three stars
2016-06 09/01/2017 79.13 two stars
2015-06 07/01/2016 79.34 two stars
2014-06 06/01/2016 79.53 two stars
 
CN 2.0
2014-06 10/01/2015 73.43 two stars
2013-06 11/01/2014 78.28 two stars
2012-06 10/01/2013 79.43 two stars
2011-06 09/01/2012 76.40 two stars
2010-06 12/01/2011 78.61 two stars
2009-06 09/20/2011 78.51 two stars
 
CN 1.0
2009-06 12/22/2010 76.29 two stars
2008-06 02/01/2010 76.20 two stars
2007-06 09/01/2008 85.67 three stars
2006-06 11/01/2007 78.37 two stars
2005-06 11/01/2006 81.13 three stars
2004-06 12/01/2005 81.50 three stars
2003-06 10/01/2004 81.60 three stars
2002-06 01/01/2004 78.85 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 34-0813426
Name in IRS Master File AKRON ART MUSEUM
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (46) Private school
(119) Other cultural or historical activities
(30) School, college, trade school, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1943
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$163,030 3.33% Mark A.T. Masuoka Executive Director, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Akron Art Museum (OH) 84.43 three stars
Storm King Art Center (NY) 88.90 three stars
Isabella Stewart Gardner Museum (MA) 90.59 four stars
Long Beach Museum of Art (CA) 90.74 four stars
The Cleveland Museum of Art (OH) 89.11 three stars

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Charity Contact Info

Akron Art Museum
One South High Street
Akron, OH 44308
tel: (330) 376-9185
fax: (330) 376-1180
EIN: 34-0813426

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Board Leadership

Dianne R. Newman
President

CEO

Mark Masuoka
Executive Director & CEO

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