2023-07-14T06:42:52-05:00 2022-08-31 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2021-09-01 310590095 The Contemporary Arts Center CONT 5133458400 44 East Sixth Street Cincinnati OH 45202 Marcus Margerum Deputy Director & COO 5133458400 2023-07-13 1 Marcus Margerum XXX-XX-XXXX Paula Hume P00537516 5132418313 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Marcus Margerum 44 East Sixth Street Cincinnati OH 45202 5326434 0 X www.contemporaryartscenter.org X 1940 OH The Contemporary Arts Center provides the opportunity for all people to discover the dynamic relationship between art and life by exhibiting, but not collecting, the work of progressive artists. It will continually increase its regional, national, and international influence by providing changing visual and interactive experiences that challenge, entertain and educate. 22 22 70 22 29 0 2682620 3284820 163233 186523 1279020 1034785 -145043 -57010 3979830 4449118 0 0 0 0 1523153 1684790 0 0 595720 2962884 3244043 4486037 4928833 -506207 -479715 39344617 37249708 11293795 11994137 28050822 25255571 X Art and the creative process belong to all people. The CAC provides experiences, through exhibitions and performances as well as educational and outreach programs, to engage and interact with the art, artists, and ideas of our time. Working with our regional community of visitors, patrons, and partners, and with our global community of artists and institutions, we explore and celebrate the unfolding landscape of art and expression. 0 0 2875284 12073 The Contemporary Arts Center (CAC) brings the best of International, National and Reginal Contemporary Art to more than 92,000 visitors annually, connecting visitors with a wide array of exceptional art being created today. In its myriad of forms from visual and media arts to proformance and beyond, the CAC serves as a community venue for creative expressive and exploration and discussing issues of our time as they are raised in presented works. CAC is currently transforming the 6th into a virtual Creatvie Enducation Center, where artist can visit and create art. The designed to create thoughtful, hands-on art expreiences for young visitors and their caregivers/teachers. The gallery also features commissioned works by local artists. 718822 174450 Student and public programs for youth, family, educators and adults are designed with the goal that they serve as bridges to the art, providing opportunities for visitors to engage with works, artists, staff, volunteers and one another in the exploration of art and creative activities, regardless of their previous knowlege of or experience with contemporary art. CAC programs include artists talks, milestones, lecture series, curatoral talks and tours, films, docent-LED tours, family Saturdays and Thursday art play, concerts, perfomances and teacher resources. Together, CAC exhibitions and education programs are accessible for visitors of all ages and abilities, opening the world of contemporary art, inspiring creativity and encourageing critical thinking. Most educational programs are offered at no cost and are held at the CAC. Free admission and evening hours are offered on Wednesday to Friday from 5pm to 9pm. 3594106 1 1 0 0 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 70 0 1 70 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Marcus Margerum 5133458400 44 East Sixth Street Cincinnati OH 45202 Jeff Ahrnsen Secretary 1.00 X X 0 0 0 Jim Cheng AIA LLD AP At-Large 1.00 X X 0 0 0 Bruce Lazarus Docent Representative Board Member 1.00 X 0 0 0 Emily Kokenge Board Member 1.00 X 0 0 0 Amy Goodwin The 50 Representative Board Member 1.00 X 0 0 0 Charlie Key Board Member 1.00 X 0 0 0 Steven W Jemison Board Member 1.00 X 0 0 0 Eric Kearney Board Member 1.00 X 0 0 0 Jennifer Krivickas Board Member 1.00 X 0 0 0 Mark A Goodson Board Member 1.00 X 0 0 0 Theo Erasmus Board Member 1.00 X 0 0 0 Lee Lindner Board Member 1.00 X 0 0 0 Chuck Lohre Board Member 1.00 X 0 0 0 Jason McCaw Board Member 1.00 X 0 0 0 Rick Michelman PhD Board Member 1.00 X 0 0 0 Bruce Lazarus Board Member 1.00 X 0 0 0 Denise Osterhues Board Member 1.00 X 0 0 0 Kyle Pohlman Treasurer 1.00 X X 0 0 0 Ron Bates Vice-President 1.00 X X 0 0 0 Rosemary Schlachter Chair 1.00 X X 0 0 0 Gale Beckett President 1.00 X X 0 0 0 Emily Hanako Momohara Board Member 1.00 X 0 0 0 Marcus Margerum Deputy Director & COO 40.00 X 127807 0 0 127807 0 0 1 0 0 0 0 487522 103180 167985 180062 2346071 72500 3284820 Exhibition Touring 900099 174450 174450 Educational Program Revenue 900099 12073 12073 186523 303060 303060 113121 113092 29 29 29 1398255 666530 731725 731725 731725 0 167985 75019 -75019 -75019 37692 22675 15017 15017 Miscellaneous Income 900099 2963 2963 2963 4449118 186523 29 977746 X 127807 84205 19320 24282 1328809 900698 168376 259735 118427 78025 17902 22500 109747 72306 16590 20851 83222 83222 917015 452297 285557 179161 22889 21139 1750 123770 87660 13550 22560 269462 250852 9305 9305 37402 37143 137 122 259769 238987 10391 10391 830404 763972 33216 33216 43346 92 43250 4 Exhibitions & Programs 482449 482449 Museum Store 46915 46915 Hospitality 34595 11332 21875 1388 Subscriptions and books 31882 22985 636 8261 60923 43049 15680 2194 4928833 3594106 739007 595720 794396 389207 1450144 927862 225 5657 87213 137395 41741 1080 28766970 14704630 14891244 14062340 21550753 17530227 39846 19846 489055 4176094 39344617 37249708 462769 391721 44276 13666 10786750 11588750 11293795 11994137 X 18139230 13408185 9911592 11847386 28050822 25255571 39344617 37249708 X -479715 -3629719 1314183 X X 0 1 X 1 0 X 2888117 3251371 2821952 2682620 3284820 14928880 2888117 3251371 2821952 2682620 3284820 14928880 2207856 12721024 591995 573806 398120 420167 303060 2287148 29 29 2963 2963 17219020 732242 0.73880 0.73640 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Income - 2021 Amount: $ 2,963. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 21355547 33332 -2607561 1414603 17366715 19342139 9886 3373936 1280699 89715 21355547 17734054 20000 2653659 978243 87331 19342139 23399753 1551802 7096870 120631 17734054 23105668 2228312 1802167 132060 23399753 0.95000 0.05000 0 0 863000 863000 17555138 8428876 9126262 6834668 3286671 3547997 3514164 2989083 525081 14062340 Construction in Progress 3193833 Interest Rate Swap Asset 982261 4176094 X 2192811 -3629719 6684 1449950 -2173085 4365896 83222 83222 4449118 4988062 6684 135767 142451 4845611 83222 83222 4928833 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 113,092. Change in Beneficial Interest In Trust 1,314,183. COGS Reclass 22,675. Part XII, Line 2d - Other Adjustments: Rental Expenses 113,092. COGS Reclass 22,675. Cookbook Gala 167985 167985 75019 167985 167985 75019 75019 -75019 X 4 72500 FMV 0 0 1 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 Personnel 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 Personnel 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 IX, line 11g Other Professional Fees: Program service expenses 452,297. Management and general expenses 285,557. Fundraising expenses 179,161. Total expenses 917,015. Form 990, Part XI, line 9: Change in Benficial Interest in Trust 1,314,183. Form 990, Part XII, Line 2c: There have been no changes in the process during the year.