Toledo Museum of Art
80% goes to programs $10 to raise $100 Strong reserves Growing revenue
Toledo Museum of Art is a 501(c)(3) organization based in Toledo, Ohio, registered in 1934, with $37,991,971 in FY2024 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
2445 Monroe Box 1013, Toledo, OH, 43620 EIN 34-4434678 Since 1934
Revenue (FY2024)
$38.0M
▲ 41.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$37.2M
Net assets
$420.5M
Employees
336
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating80% to programs · $10 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Toledo Museum of Art: 80% to programs · $10 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating136 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Toledo Museum of Art: 136 mo reserves · +2% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Toledo Museum of Art: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Toledo Museum of Art: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Through our collection and programs, we strive to integrate art into the lives of people. the museum seeks to become the model art museum in the united states for its commitment to quality and its culture of belonging.
What they do
With an emphasis on art education, the museum integrates art into the lives of people. the family center offers art-based activities free of charge. while there is a charge for most formal classes, the museum has an active scholarship program to support students who would not have the access or means to pursue art classes. the museum also provides bus funds to local schools and community centers to allow school children the opportunity to tour the museum in docent-led curriculum. for this reporting period, the museum provided over 700 scholarships to its 2,000 class attendees and hosted over 700 docent-led tours for both children and adults, with approximately 14,000 attendees.
The museum organizes and presents special exhibitions of its permanent collection, hosts traveling exhibitions and organizes exhibitions, sometimes in collaboration with other art museums. the museum offers programs associated with these exhibitions including music, hands-on activities, lectures and other events that are available to the general public.
Contact & location
- Address
- 2445 Monroe Box 1013, Toledo, OH, 43620
- City
- Toledo
- State
- Ohio
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.6M (FY2013) to $38.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $31.3MNet assets $420.5M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$451.8M
Total liabilities
$31.3M
Net assets
$420.5M
Salaries & benefits
$13.8M
37% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $37,991,971▲41.7% | $37,200,095▼18.3% | $420,453,286▲7.7% | $451,754,073▲11.9% | 990 |
| 2023 | $26,811,697▼62.8% | $45,545,663▲54.0% | $390,489,328▲5.2% | $403,754,328▲7.3% | 990 |
| 2022 | $72,028,653▲149% | $29,578,022▲3.1% | $371,048,812▲24.6% | $376,222,917▲23.1% | 990 |
| 2021 | $28,971,557▲54.9% | $28,692,282▲48.5% | $297,777,265▼16.2% | $305,696,186▼15.9% | 990 |
| 2020 | $18,709,059▲6.7% | $19,323,092▼16.6% | $355,429,760▲25.3% | $363,312,718▲24.4% | 990 |
| 2019 | $17,532,700▼33.8% | $23,156,439▲6.3% | $283,735,380▼3.6% | $292,072,764▼2.8% | 990 |
| 2018 | $26,475,038▼16.3% | $21,775,558▼0.5% | $294,405,215▲0.3% | $300,615,422▼0.6% | 990 |
| 2017 | $31,643,464▲11.3% | $21,891,810▼0.7% | $293,447,778▲4.2% | $302,315,348▲3.6% | 990 |
| 2016 | $28,419,548▲47.1% | $22,037,662▼4.1% | $281,741,789▲10.1% | $291,766,708▲9.1% | 990 |
| 2015 | $19,318,000▼34.2% | $22,982,483▲3.1% | $255,903,110▼5.8% | $267,488,572▼6.4% | 990 |
| 2014 | $29,367,030▼15.2% | $22,281,745▲3.6% | $271,609,761▼2.7% | $285,885,310▼2.2% | 990 |
| 2013 | $34,621,886 | $21,498,030▼10.4% | $279,154,811▲16.7% | $292,324,355▲13.0% | 990 |
| 2012 | — | $23,991,526▼23.1% | $239,251,333▲5.2% | $258,718,633▲3.7% | 990 |
| 2011 | — | $31,190,675▲61.5% | $227,483,320▼11.5% | $249,395,029▼8.6% | 990 |
| 2010 | — | $19,318,631▼6.7% | $256,900,541▲17.7% | $272,935,306▲14.1% | 990 |
| 2009 | — | $20,710,877 | $218,299,370 | $239,109,970 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Adam Levine — $565,419 (1.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adam Levine | Executive Director | 70 | $565,419 |
| Jennifer Mccary | Chief Culture and Brand Ex | 55 | $222,607 |
| Gary Gonya | Director of Brand Strategy (end 09-30-24) | 55 | $195,695 |
| Patricia O'toole | Chief Financial Officer | 55 | $175,647 |
| Andrea Gardner | Deputy Director | 55 | $172,762 |
| Rhonda Sewell | Director of Advocacy and External Affairs | 55 | $125,880 |
| Deb Ball | Director of People and Talent | 55 | $122,904 |
| Diane Wright | Senior Curator of Glass and Contemp Craft | 55 | $120,303 |
| Laurie French | Director of It | 55 | $114,438 |
| Mark Goetz | Director of Finance (end 12-31-24) | 55 | $107,615 |
| Ann Mccauley | Director | 1 | — |
| Brian Chambers | Director | 1 | — |
| Cynthia Thompson | Director | 1 | — |
| David Krock | Director | 1 | — |
| Dr Dione Somerville | Director | 1 | — |
| Dr Gregory Postel | Director Thru 12-31-24 | 1 | — |
| Elizabeth Brady | Director | 1 | — |
| Jay Secor | Director | 1 | — |
| Joaquin Cintron-vega | Director Thru 12-31-24 | 1 | — |
| Joe Napoli | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lathrop Co | Construction Services | $3,325,707 |
| Michael Maltzan Architecture Inc | Architectural & Engineering Services | $1,863,171 |
| Hart | Advertising Services | $419,086 |
| Ssoe Inc | Architectural & Engineering Services | $407,351 |
| Evergreene Architectural Arts Inc | Historic Architecture Preservation & Res | $329,372 |
Grants received · $12.8M total
71 grants to Toledo Museum of Art totaling $12.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Toledo Community Foundation | Support for tma outreach, youth education, acquisitions, and general operating needs. | 2024 | $302,512 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $60,000 |
| American Online Giving Foundation Inc | General support | 2024 | $50,219 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $47,500 |
| Nationwide Childrens Hospital | Tma outreach effort to engage under served populations | 2024 | $40,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $1,023,575 |
| Toledo Community Foundation | General support founder's circle, apollo society, and polishing the gem; annual distribution; educational purposes; | 2023 | $484,923 |
| Nationwide Childrens Hospital | Tma outreach effort to engage under served populations | 2023 | $40,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $33,800 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $22,500 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $10,000 |
| National Philanthropic Tr | Education | 2023 | $7,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $6,700 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $481,000 |
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Frequently asked questions
- Is Toledo Museum of Art a legitimate nonprofit?
- Yes. Toledo Museum of Art is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-4434678, based in Toledo, Ohio. Donations are tax-deductible.
- What is Toledo Museum of Art's EIN?
- Toledo Museum of Art's Employer Identification Number (EIN) is 34-4434678.
- How much revenue does Toledo Museum of Art report?
- Toledo Museum of Art reported $37,991,971 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Toledo Museum of Art's spending goes to programs?
- Toledo Museum of Art spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Toledo Museum of Art have?
- CharityIndex grades Toledo Museum of Art A, based on program efficiency and fundraising cost.
- How much does Toledo Museum of Art's highest-paid employee make?
- The highest reported compensation on Toledo Museum of Art's latest Form 990 is $565,419, paid to Adam Levine (Executive Director).
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Data for Toledo Museum of Art (EIN 34-4434678) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.