Cincinnati Institute of Fine Arts

EIN: 310537138 501(c)(3) Arts, Culture & Humanities

Cincinnati, OH

Total Revenue
$14,874,545
Total Expenses
$14,790,024
Total Assets
$137,652,802
Net Assets
$77,736,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
OH
Principal Officer
Alecia Kintner
Phone
5138712787
Tax Period
2023-09-01 to 2024-08-31

Cincinnati Institute of Fine Arts, founded in 1927, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $77.7M represent 63 months of operating reserves.

Mission

With funding, services and advocacy, ArtsWave fuels a more vibrant economy and connected community through the arts.

Program Service Accomplishments

Program 1
Expenses: $10,283,390

Grantmaking: Management of annual community campaign for the arts to provide the resources used to make distributions of financial grants to organizations throughout the Greater Cincinnati Region...

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Grantmaking: Management of annual community campaign for the arts to provide the resources used to make distributions of financial grants to organizations throughout the Greater Cincinnati Region. These grants help them create a vital arts scene and all the communitywide benefits that come with it, including economic vitality and a greater sense of connectedness for the people of the region. Distributions support a wide variety of arts and culture groups that reflect and benefit the community in all its diversity.

Program 2
Expenses: $1,114,232 Revenue: $68,554

Marketing the Impact of the Arts: Organization of several days of free samplings of visual and performing arts at multiple venues across the Regional Community. Organization of Community engagement...

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Marketing the Impact of the Arts: Organization of several days of free samplings of visual and performing arts at multiple venues across the Regional Community. Organization of Community engagement events that connect people through the arts. Development and execution of marketing and public relations strategy that builds broad support for the arts by focusing on the community impact of arts organizations.

Program 3
Expenses: $174,777

Measuring Impact: Collection of data which measures the impact of the arts as local arts organizations create economic vitality, vibrant neighborhoods and a more connected community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,886,202
Program Service Revenue $68,554
Investment Income $1,919,789
Other Revenue $0
TOTAL REVENUE $14,874,545

Expense Breakdown

Grants Paid $9,948,858
Salaries & Benefits $2,745,852
Fundraising Expenses $1,778,706
Program Expenses $11,572,399
Other Expenses $2,095,314
TOTAL EXPENSES $14,790,024

Year-over-Year Comparison

2023 2022 Change
Revenue $14,874,545 $12,271,327 +0.2%
Expenses $14,790,024 $15,213,145 0.0%
Net Income $84,521 $-2,941,818 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
47
Independent Members
47
Employees
26
Volunteers
961

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$636,611
Total Directors
47
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leigh Fox Chair 2.00
Officer Director
$0 $0 $0
Deborah Hayes Vice Chair 2.00
Officer Director
$0 $0 $0
Matthew Stautberg Treasurer 2.00
Officer Director
$0 $0 $0
Kala Gibson Secretary 2.00
Officer Director
$0 $0 $0
Jeff Ahrnsen Trustee 1.00
Director
$0 $0 $0
Tysonn Betts Trustee 1.00
Director
$0 $0 $0
Carri Chandler Trustee 1.00
Director
$0 $0 $0
Melanie M Chavez Trustee 1.00
Director
$0 $0 $0
Brendon J Cull Trustee 1.00
Director
$0 $0 $0
Kathy DeLaura Trustee 1.00
Director
$0 $0 $0
Philip Duncan Trustee 1.00
Director
$0 $0 $0
Charles H Gerhardt III Trustee 1.00
Director
$0 $0 $0
Agnes Godwin Hall Trustee 1.00
Director
$0 $0 $0
Mel Gravely Trustee 1.00
Director
$0 $0 $0
Michelle S Hershey Trustee 1.00
Director
$0 $0 $0
Vada Hill Trustee 1.00
Director
$0 $0 $0
Todd M Immell Trustee 1.00
Director
$0 $0 $0
Danielle D Ivory Trustee 1.00
Director
$0 $0 $0
Craig Jackson Trustee 1.00
Director
$0 $0 $0
Priya Dhingra Klocek Trustee 1.00
Director
$0 $0 $0
Jamie Leonard Trustee 1.00
Director
$0 $0 $0
Jill T McGruder Trustee 1.00
Director
$0 $0 $0
Jeff Meek Trustee 1.00
Director
$0 $0 $0
Emerson Moser Trustee 1.00
Director
$0 $0 $0
Joe Muraca Trustee 1.00
Director
$0 $0 $0
Rajinder Narang Trustee 1.00
Director
$0 $0 $0
Emma Off Trustee 1.00
Director
$0 $0 $0
Donita Parrish Trustee 1.00
Director
$0 $0 $0
Eugene Partridge III Trustee 1.00
Director
$0 $0 $0
Bruce Petrie Trustee 1.00
Director
$0 $0 $0
Thienthanh Pham Trustee 1.00
Director
$0 $0 $0
Jim Price Trustee 1.00
Director
$0 $0 $0
Visael Rodriguez Trustee 1.00
Director
$0 $0 $0
Dianne Rosenberg Trustee 1.00
Director
$0 $0 $0
Jack Rouse Trustee 1.00
Director
$0 $0 $0
Megan Shaffer Trustee 1.00
Director
$0 $0 $0
Murray Sinclaire Jr Trustee 1.00
Director
$0 $0 $0
Reginald L Staples Jr Trustee 1.00
Director
$0 $0 $0
Donald Stock Trustee 1.00
Director
$0 $0 $0
Deana Taylor Brewer Trustee 1.00
Director
$0 $0 $0
Alicia B Townsend Trustee 1.00
Director
$0 $0 $0
David Voelker Trustee 1.00
Director
$0 $0 $0
Rhonda Whitaker Hurtt Trustee 1.00
Director
$0 $0 $0
Stanford T Williams Jr Trustee 1.00
Director
$0 $0 $0
Kelly Wittich Trustee 1.00
Director
$0 $0 $0
Justin Wyborn Trustee 1.00
Director
$0 $0 $0
Sam Zeller Trustee 1.00
Director
$0 $0 $0
Alecia Kintner President & CEO 50.00
Officer
$292,283 $22,644 $314,927
Kate Kennedy COO 50.00
Officer
$150,615 $26,450 $177,065
Samantha Cribbet Chief Financial Officer 50.00
Officer
$127,735 $16,884 $144,619
Lisa Wolter VP, Comm. Campaign 50.00
Highest
$135,920 $17,133 $153,053
Kathy Debrosse VP of New Products & Initiatives 50.00
Highest
$128,505 $16,309 $144,814
Raymond Gargano VP, Community Investments 50.00
Highest
$117,352 $15,675 $133,027
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $14,874,545 $14,790,024 $137,652,802 $84,521
2023 $12,271,327 $15,213,145 $126,905,760 $-2,941,818
2022 $34,213,891 $24,471,348 $122,467,170 $9,742,543
2021 $18,167,716 $15,023,651 $143,710,134 $3,144,065
2020 $14,545,701 $14,626,292 $125,309,858 $-80,591
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