Overview
What is The Toledo Museum Of Art?
The Toledo Museum of Art is a renowned cultural institution based in Toledo, Ohio. Established over a century ago, the museum operates galleries, studio spaces, and a library, providing access to the general public. Its commitment to quality and inclusivity is reflected in its extensive collection of approximately 23,880 objects, making it a significant cultural treasure. The museum's mission is to integrate art into people's lives, striving to become a leading art museum in the US. With free admission to its Greek Revival main building and Glass Pavilion, the Toledo Museum of Art offers an extensive educational program. This includes curriculum-based school tours, as well as adult and children's art classes. With a team of 337 employees, the museum is committed to preserving and showcasing its impressive collection, enriching the lives of its visitors.
Official website here: www.toledomuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Toledo Museum Of Art has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization’s strong commitment to transparency and responsible financial management, as evidenced by their perfect scores in key areas such as independent board oversight and financial statement audits.
Strengths noted in the evaluation include a fully independent board, effective conflict of interest and whistleblower policies, and a solid program expense ratio of 80.94%, suggesting that a significant portion of their funds is directed towards their mission. The museum's ratio of liabilities to assets is also very low at 1.37%, indicating a strong financial position and minimal debt.
While the data primarily highlights the museum's financial accountability, potential users of the museum's services may wish to consider additional factors such as program offerings and community engagement, which were not covered in the financial rating. Overall, the Toledo Museum Of Art stands out for its governance and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Toledo Museum Of Art legitimate?
The Toledo Museum Of Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Toledo Museum Of Art 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: $942,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,702,437
For more financial information, click here
Official website here: www.toledomuseum.org
What is the mission statement of The Toledo Museum Of Art?
The Toledo Museum of Art strives to make art an integral part of people's lives through its extensive collection and programs. For over a century, it has provided free access to one of the world's leading art collections housed in its Greek Revival main building and the Glass Pavilion. The museum offers educational programs, including curriculum-based school tours and art classes for adults and children. It operates and maintains galleries, studio spaces, and an art library for the public's benefit, focusing on educational scholarship, research, conservation, documentation, and presentation of its nearly 23,000-object permanent collection.
Official website here: www.toledomuseum.org
What is the revenue of The Toledo Museum Of Art?
The Toledo Museum Of Art's revenue in 2024 was $26,811,697.
Official website here: www.toledomuseum.org
Who are the executives of The Toledo Museum Of Art and what are their salaries?
The average compensation at The Toledo Museum Of Art during 2024 was $31,034. There are 343 employees and 350 volunteers at The Toledo Museum Of Art.
Here are 42 key members and their salaries:
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Official website here: www.toledomuseum.org
Where can I find the form 990 for The Toledo Museum Of Art?
The Toledo Museum Of Art's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.toledomuseum.org
Learn more at the official website: www.toledomuseum.org
Mission Statement of The Toledo Museum Of Art
The Toledo Museum of Art, a storied institution with a rich history of over 121 years, is dedicated to enriching people's lives through art. With its commitment to quality and inclusivity, the Museum aspires to be a model art museum within the United States.
At the heart of The Toledo Museum of Art's mission lies the provision of free admission to its vast and esteemed art collection. Housed within the Greek Revival main building and the Glass Pavilion, the Museum's extensive permanent collection totals nearly 23,880 objects. In addition to showcasing these artworks, the Museum offers an extensive education program, catering to both children and adults. This includes curriculum-based school tours, as well as art classes tailored for various age groups.
The Toledo Museum of Art also maintains and operates art galleries, studio spaces, and an art library, all accessible to the general public. These resources support numerous scholarly pursuits, such as research, conservation, documentation, and presentation of the Museum's esteemed collection. Furthermore, the Museum's educational scholarships and programs enable individuals to engage with and learn from the art in a meaningful way.
In summary, The Toledo Museum of Art stands as a beacon of art and culture, integrating art into the lives of people through its commitment to accessibility and education. By offering free admission and a wide range of programs, the Museum seeks to create a culture of belonging and appreciation for the arts.
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Impact
October, 2024
The Toledo Museum of Art profoundly influences its community and beyond by integrating art into the lives of individuals and families. With an extensive collection of nearly 23,880 objects, it stands as a hub for scholarship, research, and education in the arts. The museum's commitment to quality and inclusive practices fosters a strong culture of belonging, making it an essential destination for art lovers and learners.
Through its free admission policy, visitors have access to one of the world’s great art collections, encouraging exploration and engagement with diverse artistic expressions. Educational programs, including curriculum-based school tours and classes for all ages, enhance community learning and creativity. The museum not only preserves and showcases artworks but also actively promotes art appreciation and understanding, impacting both personal growth and cultural enrichment in Toledo and beyond. Abundant studio spaces and an art library further support artistic exploration, making the museum a vital resource for aspiring artists and researchers alike.
This information is meant to be a general summary of The Toledo Museum Of Art. 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 2024.
- Investment Income: $3,301,805
- Program Service Revenue: $3,476,810
- Gross Receipts: $79,271,391
Assets and Liabilities:
- Total Assets: $305,696,186
- Total Liabilities: $7,918,921
- Net Assets: $297,777,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY FEES
Revenue
$1,656,995
TUITION AND RELATED FEES
Revenue
$898,916
PARKING LOT INCOME
Revenue
$271,620
COVE LICENSING FEE
Revenue
$228,750
PERISTYLE SERVICE FEES
Revenue
$213,975
Organization Details
Founding Year
1901
Principal Officer
Adam Levine
Website
www.toledomuseum.orgNTEE Category
Code: A510 - Arts
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