2025-07-15T08:40:29-05:00 2024-08-31 310800053 CLARK SCHAEFER HACKETT & CO 1 EAST 4TH STREET CINCINNATI OH 45202 990 2023-09-01 205148617 TAFT MUSEUM OF ART TAFT 5132410343 316 PIKE STREET CINCINNATI OH 45202 PETER AAMODT CFO 5132410343 2025-07-14 1 0 ESTHER DANIEL P01285343 5132413111 2025-07-14 2023 2025-03-06 01:10:19Z PETER AAMODT 316 PIKE STREET CINCINNATI OH 45202 8175552 0 X WWW.TAFTMUSEUM.ORG X 2006 OH TO PROVIDE MEANINGFUL EXPERIENCES BY CONNECTING PEOPLE WITH GREAT ART, BOTH IN A HISTORIC SETTING AND IN THE COMMUNITY. 31 31 113 109 193312 11747 8119472 4029158 267524 224001 1456641 1479582 281244 257210 10124881 5989951 0 0 0 0 4042829 4356113 0 0 497702 2940263 3822620 6983092 8178733 3141789 -2188782 69998637 69801807 6463900 3565674 63534737 66236133 TO PROVIDE MEANINGFUL EXPERIENCES BY CONNECTING PEOPLE WITH GREAT ART, BOTH IN A HISTORIC SETTING AND IN THE COMMUNITY. 0 0 5410213 220383 IN ADDITION TO THE HISTORIC TAFT HOUSE AND ITS PERMANENT ART COLLECTION, THE MUSEUM HOSTED TWO MAJOR TEMPORARY EXHIBITIONS DURING THE FISCAL YEAR. OVER 35,840 VISITORS HAVE PARTAKEN IN TOURING THE HOUSE AND VIEWING THE TRAVELING EXHIBITIONS. THE MUSEUM ALSO PROVIDES BOTH A CAFE AND A GIFT SHOP FOR THE COMFORT AND ENJOYMENT OF ITS VISITORS ALONG WITH THE OPPORTUNITIES TO RENT THE OUTSIDE GARDEN AND FACILITIES. 756482 30815 THE MUSEUM PROVIDES EDUCATIONAL PROGRAMS REACHING OUT TO SCHOOLS, FAMILIES, AND THE GENERAL PUBLIC TO ACHIEVE THE GOAL OF BRINGING THE ART COLLECTION ALIVE FOR ALL AUDIENCES. ACTIVITIES INCLUDE LECTURES, WORKSHOPS, STUDIO PROGRAMS, CONCERTS, AS WELL AS SUMMER ART CAMP AND INTERACTIVE TOURS FOR SCHOOL CHILDREN. 6166695 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 61 0 1 113 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X PETER AAMODT 5132410343 316 PIKE STREET CINCINNATI OH 452024293 JILL T MCGRUDER CHAIR 1.00 X X 0 0 0 KELSEY BAHL TRUSTEE 0.50 X 0 0 0 RON T BATES TRUSTEE 0.50 X 0 0 0 SHANNON CARTER VICE CHAIR 1.00 X X 0 0 0 PAUL W CHELLGREN CHAIR EMERITUS 0.50 X 0 0 0 PHILIP K CONE TRUSTEE 0.50 X 0 0 0 NANCY FEHR TRUSTEE 0.50 X 0 0 0 KRISTINE R GARRETT TRUSTEE 0.50 X 0 0 0 BONNIE GLEAVES TRUSTEE 0.50 X 0 0 0 GERALD H GREENE TRUSTEE 0.50 X 0 0 0 CHRISTOPHER S HABEL TRUSTEE 0.50 X 0 0 0 DAVID L HAUSRATH TREASURER 1.00 X X 0 0 0 HEATHER M HAWKINS TRUSTEE 0.50 X 0 0 0 ROBERT CHIP HEIDT TRUSTEE 0.50 X 0 0 0 JAMIE JEWELL TRUSTEE 0.50 X 0 0 0 DARA M KENDALL TRUSTEE 0.50 X 0 0 0 JOHN T LAWRENCE TRUSTEE 0.50 X 0 0 0 PHILLIP C LONG DIRECTOR EMERITUS 0.50 X 0 0 0 PHYLLIS L MCCALLUM TRUSTEE 0.50 X 0 0 0 RICHARD L MOORE TRUSTEE 0.50 X 0 0 0 LAURA R PEASE TRUSTEE 0.50 X 0 0 0 JORGE PEREZ TRUSTEE 0.50 X 0 0 0 BRADFORD PHILLIPS TRUSTEE 0.50 X 0 0 0 LEONARD M RANDOLPH JR MD TRUSTEE 0.50 X 0 0 0 ELLEN RIEVESCHL TRUSTEE 0.50 X 0 0 0 KATHERINE D SCHMITT TRUSTEE 0.50 X 0 0 0 BETSY K SCHWARTZ TRUSTEE 0.50 X 0 0 0 ANNE SHANAHAN TRUSTEE 0.50 X 0 0 0 DUDLEY S TAFT JR TRUSTEE 0.50 X 0 0 0 JANE A VOTEL SECRETARY 1.00 X X 0 0 0 ELIZABETH WARNER TRUSTEE 0.50 X 0 0 0 PETER AAMODT CFO 50.00 X 102008 0 9649 REBEKAH BEAULIEU CEO 50.00 X 242653 0 25103 LINDSEY NECAMP DEPUTY DIERCTOR 50.00 X 125081 0 3750 469742 0 38502 3 0 1 0 HGC CONSTRUCTION 2814 STANTON AVENUE CINCINNATI OH 45206 FACILITY RENOVATION 1845221 GBBN ARCHITECTS INC 332 EAST EIGHTH ST CINCINNATI OH 45202 ARCHITECTURAL SERVICES 163211 ROBERT HALF INTERNATIONAL 2613 CAMINO RAMON SAN RAMON CA 94583 STAFFING SERVICES 132460 HOP PROPERTIES LLC 3842 TWIN OAK DRIVE EDGEWATER MD 21037 RENOVATION PROJECT MANAGEMENT 112803 4 209956 611697 3207505 146721 4029158 MEMBERSHIP DUES 900099 108983 108983 ADMISSIONS 900099 80931 80931 EDUCATIONAL AND OTHER PROGRAMS 900099 34087 34087 224001 1557611 1557611 306055 143762 162293 162293 162293 1754737 1825831 6935 -71094 -6935 -78029 -78029 75198 209956 65000 10198 10198 202289 144073 58216 27197 31019 MISCELLANEOUS 900099 26503 26503 26503 5989951 251198 193312 1516283 379413 256768 89870 32775 3362469 2269357 810405 282707 56839 39504 11124 6211 290890 202174 56932 31784 266502 185224 52159 29119 10615 3501 5619 1495 56786 18727 30060 7999 17250 17250 6236 6236 50998 6276 35322 9400 69269 69269 286740 130168 118758 37814 154779 141874 12905 43422 18468 24894 60 306058 299325 6733 1613658 1589066 19718 4874 136232 35690 100542 HOUSE AND GROUNDS MAINT 412652 332395 78637 1620 EXHIBITION EXPENSES 397018 396025 993 MISCELLANEOUS 140277 43137 54422 42718 PROGRAMS AND EDUCATION 112585 112497 88 8045 8045 8178733 6166695 1514336 497702 6075 7212 5652381 801298 1944738 798148 22644 0 102751 112847 400607 223587 34773256 13146416 23078551 21626840 17963861 23558448 20483522 22386814 343507 286613 69998637 69801807 574678 301888 104967 46629 5447099 2936680 337156 280477 6463900 3565674 X 29363167 31736615 34171570 34499518 63534737 66236133 69998637 69801807 X -2188782 2906521 1983657 X X 0 1 X 1 1 1 X 5471177 6983887 5130486 8119472 4029158 29734180 5471177 6983887 5130486 8119472 4029158 29734180 6303689 23430491 1260195 1210027 1613775 1524280 1557611 7165888 162293 162293 57254 378273 19015 36701 491243 37553604 1867930 0.62390 0.64190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 315,624. 2022 AMOUNT: $ 12,930. 2023 AMOUNT: $ 26,503. SPECIAL EVENTS NET - 2019 AMOUNT: $ 57,254. 2020 AMOUNT: $ 62,649. 2022 AMOUNT: $ 6,085. 2023 AMOUNT: $ 10,198. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 17250 17250 8150603 8167853 558393 139598 0 0 398299 448656 512481 558393 1917829 2876744 2480 23375 18000 17250 61105 99575 112164 128120 139598 479457 719186 1984 1900 3884 FORM 990, SCHEDULE C, PART II-A: THE MUSEUM HAS A MEMBERSHIP IN THE LOBBYING ORGANIZATION, OHIO CITIZENS FOR THE ARTS. THIS ORGANIZATION ADVOCATES ON BEHALF OF THE OHIO ARTS COUNCIL. X X X X X EDUCATIONAL PROGRAMS 0 17935483 3540000 3469290 1388540 23556233 18460706 -31455 1563371 2057139 17935483 22169509 517016 -3176753 1049066 18460706 19259112 10300 3629285 729188 22169509 18404027 987276 1144979 1277170 19259112 0.54240 0.45760 1 0 60551 60551 200860 200860 30225493 11811248 18414245 4036352 1335168 2701184 250000 250000 21626840 FUNDS HELD FOR THE BENEFIT OF THE MUSEUM 22237846 F BENEFICIAL INTEREST IN TRUST 148968 F 22386814 OPERATING LEASE LIABILITY 280477 280477 X 11229458 2906521 2730 2336492 5245743 5983715 6236 6236 5989951 8528062 2730 352835 355565 8172497 6236 6236 8178733 PART III, LINE 1A: IN CONFORMITY WITH PRACTICES FOLLOWED BY MANY SIMILAR INSTITUTIONS, ART OBJECTS ARE NOT INCLUDED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN NET ASSETS WITH DONOR RESTRICTIONS. THE TERMS OF THE ORIGINAL DEED OF GIFT REQUIRE THAT THE ART COLLECTION DESIGNATED AS THE "TAFT COLLECTION" BE PERPETUALLY MAINTAINED AND PRESERVED BY THE MUSEUM AND MAY NOT BE SOLD. PART III, LINE 4: THE TAFT MUSEUM OF ART COLLECTIONS INCLUDE EUROPEAN OLD MASTER AND 19TH-CENTURY PAINTINGS, AMERICAN PAINTINGS AND SCULPTURES, CHINESE PORCELAINS, AND EUROPEAN DECORATIVE ARTS. THE BAUM-LONGWORTH-SINTON-TAFT HOUSE, AN EXCELLENT EXAMPLE OF AMERICAN PALLADIAN ARCHITECTURE, IS ON THE NATIONAL REGISTER OF HISTORIC PLACES WITH NATIONAL LANDMARK STATUS. THE COLLECTION FURTHERS THE MUSEUM'S EXEMPT PURPOSE BY SERVING AS THE CORNERSTONE FOR THE MUSEUM'S EXHIBITIONS, PUBLIC PROGRAMS, AND EDUCATIONAL ACTIVITIES. PART V, LINE 4: THE ENDOWMENT FUNDS' EARNINGS ARE USED FOR VARIOUS REASONS SUCH AS: OPERATIONS, GARDEN UPKEEP, SUMMER ART CAMP, TO HOST SPECIAL EXHIBITIONS, AND ART LECTURES. PART X, LINE 2: THE MUSEUM HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THOSE PROVISIONS CLARIFY THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE MUSEUM'S INCOME TAX RETURNS. THE MUSEUM'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE MUSEUM'S POLICY WITH REGARD TO INTEREST AND PENALTY IS TO RECOGNIZE INTEREST THROUGH INTEREST EXPENSE AND PENALTIES THROUGH OTHER EXPENSE. THE MUSEUM HAS REVIEWED ITS POSITION IN CONNECTION WITH UNRELATED BUSINESS INCOME TAX AND MANAGEMENT BELIEVES NOTHING HAS OCCURRED THAT WOULD RESULT IN AN UNCERTAIN TAX POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: BENEFICIAL INTEREST VALUE CHANGE 1,983,657. COST OF GOODS SOLD 144,073. DIRECT FUNDRAISING EXPENSES 65,000. DIRECT RENTAL COST 143,762. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 144,073. DIRECT FUNDRAISING EXPENSES 65,000. DIRECT RENTAL COST 143,762. A RACE TO THE TAFT 285154 209956 75198 2380 6962 40430 750 14478 285154 209956 75198 2380 6962 40430 750 14478 65000 10198 X 1 1 X X 0 0 0 0 0 0 0 0 0 REBEKAH BEAULIEU CEO 242653 0 0 0 0 0 7455 0 17648 0 267756 0 0 0 PART I, LINE 1A THE CEO USES A SOCIAL CLUB FOR BUSINESS PURPOSES ONLY. X 15 146721 STOCK EXCHANGE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, AND BOARD TREASURER WILL REVIEW PRIOR TO FILING. THE FINAL VERSION WILL BE EMAILED TO ALL BOARD MEMBERS FOR THEIR INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD AND STAFF ARE REQUIRED TO FILL OUT A NEW CONFLICT OF INTEREST POLICY. ANY DISCLOSURES ON THE SUBMITTED CONFLICT OF INTEREST ARE REVIEWED FOR APPROPRIATENESS AT THE FOLLOWING FINANCE/EXEC MEETING OF THE BOARD. ANY DISCLOSURES MUST BE THEN APPROVED. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE DETERMINED THROUGH THE USE OF COMPARISONS WITH SALARY SURVEYS FROM SIMILAR MUSEUMS IN COMBINATION WITH A REVIEW PROCESS WHICH INCLUDES AN EMPLOYEE PREPARING A SELF REVIEW THAT IS EVALUATED ALONGSIDE AN EMPLOYEE REVIEW THAT WAS PREPARED BY THE EMPLOYEE'S SUPERVISOR. THE RESULTS ARE EVALUATED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BENEFICIAL INTEREST VALUE CHANGE 1,983,657. FORM 990, PART XII, LINE 2C: THE PROCESS THAT IS USED BY THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED.