Overview
What is Cincinnati Institute Of Fine Arts?
The Cincinnati Institute of Fine Arts, also recognized as ArtsWave, is a nonprofit organization based in Cincinnati, Ohio. With a team of 26 employees, their primary role revolves around managing the annual community campaign for the arts. This campaign facilitates the distribution of financial grants to various arts and culture groups in the greater Cincinnati region. These grants serve to foster a thriving arts scene, contributing significantly to the local economy and promoting a greater sense of connectedness within the community. Through funding, services, and advocacy, ArtsWave plays a pivotal role in enriching the region's cultural landscape and strengthening community bonds.
Official website here: www.artswave.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Stars
The Cincinnati Institute Of Fine Arts has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels with a 95% score in this area, indicating effective financial management and transparency. Additionally, the independent board composition is notable, with 100% of its members being independent, which supports governance integrity.
The institute also demonstrates a high level of leadership and adaptability, scoring 100% in this category, suggesting its capacity to navigate challenges and implement innovative strategies. However, the culture and community score of 83 reveals some potential areas for improvement in engagement and outreach efforts, which could enhance its overall impact within the community.
Financially, the organization maintains a robust program expense ratio of nearly 80%, indicating a strong focus on programs rather than administrative costs. Its fundraising efficiency ratio of $0.15 suggests that it effectively manages fundraising expenses, although there may be opportunities to further enhance fundraising strategies to increase overall revenue.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Institute Of Fine Arts legitimate?
Cincinnati Institute Of Fine Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Institute Of Fine Arts submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $605,952
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,605,209
For more financial information, click here
Official website here: www.artswave.org
What is the mission statement of Cincinnati Institute Of Fine Arts?
The Cincinnati Institute of Fine Arts, through Artswave, contributes to a more thriving economy and closely connected community by funding, providing services, and advocating for the arts. Their annual community campaign for the arts enables them to distribute financial grants to various arts and culture organizations within the region. These grants facilitate the creation of a vibrant arts scene, leading to economic vitality and increased sense of community cohesion for the people. The supported organizations reflect the diverse make-up of the community.
Official website here: www.artswave.org
Who is the CEO of Cincinnati Institute Of Fine Arts?
Alecia Kintner is the CEO of Cincinnati Institute Of Fine Arts The CEO's salary of Cincinnati Institute Of Fine Arts is $283,104 and their total compensation is $296,232.
Official website here: www.artswave.org
What is the revenue of Cincinnati Institute Of Fine Arts?
Cincinnati Institute Of Fine Arts's revenue in 2023 was $12,271,327.
Official website here: www.artswave.org
Who are the executives of Cincinnati Institute Of Fine Arts and what are their salaries?
The average compensation at Cincinnati Institute Of Fine Arts during 2023 was $73,705. There are 30 employees and 1107 volunteers at Cincinnati Institute Of Fine Arts.
Here are 56 key members and their salaries (Cincinnati Institute Of Fine Arts's CEO's salary is $283,104 and their total compensation is $296,232):
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Official website here: www.artswave.org
Where can I find the form 990 for Cincinnati Institute Of Fine Arts?
Cincinnati Institute Of Fine Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.artswave.org
Learn more at the official website: www.artswave.org
Mission Statement of Cincinnati Institute Of Fine Arts
The Cincinnati Institute of Fine Arts, with its mission, aims to invigorate the economy and foster a more connected community through arts funding, services, and advocacy. This nonprofit organization plays a crucial role in providing financial grants to various arts and culture groups in the greater Cincinnati region. These resources enable these organizations to create a lively arts scene, leading to numerous community-wide benefits, including economic vitality and a heightened sense of connectedness for the local population.
Through its annual community campaign for the arts, the Cincinnati Institute of Fine Arts manages the distribution of financial grants to a diverse range of arts and culture groups. These grants are instrumental in bringing the arts to life and creating a thriving arts community, which in turn brings about various positive impacts on the region and its people. By supporting a wide array of arts organizations, the Cincinnati Institute of Fine Arts contributes significantly to the richness and diversity of the cultural landscape in the greater Cincinnati area.
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Impact
October, 2024
The Cincinnati Institute of Fine Arts plays a crucial role in fostering economic vibrancy and community connection through the arts. By managing an annual community campaign for the arts, it allocates financial grants to a diverse range of organizations throughout the Greater Cincinnati region. These grants are instrumental in cultivating a dynamic arts scene that not only enriches cultural life but also stimulates economic vitality.
The impact of these initiatives is multifaceted. Firstly, by supporting various arts and culture groups, the Institute strengthens the cultural fabric of the community, making it more inclusive and representative of its diversity. This inclusiveness enhances the sense of belonging among residents, creating a more connected community.
Moreover, the economic benefits are significant. The arts contribute to job creation, tourism, and local business growth, which, in turn, elevates the overall quality of life in the region. As the Cincinnati Institute of Fine Arts fuels these activities, it helps to activate public spaces, draw visitors, and inspire local pride through artistic endeavors. Ultimately, its commitment to funding and advocacy creates a ripple effect, resulting in a thriving arts ecosystem that serves both the present and future generations of Cincinnatians.
This information is meant to be a general summary of Cincinnati Institute Of Fine Arts. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,401,764
- Program Service Revenue: $53,155
- Gross Receipts: $39,938,519
Assets and Liabilities:
- Total Assets: $122,467,170
- Total Liabilities: $54,577,554
- Net Assets: $67,889,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$52,777
BOOKS
Revenue
$378
Organization Details
Founding Year
1927
Principal Officer
Alecia Kintner
Website
www.artswave.orgNTEE Category
Code: A120 - Arts
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