NonprofitsJ H Wade Tr For Cleveland Museum Of Art

J H Wade Tr For Cleveland Museum Of Art

BROOKLYN, OH

Total revenue

$6.4M

Total expenses

$1.9M

Net assets

$31.7M

Grants received

EIN

346506247

Tax year

2024

Mission

Grants are made according to the trust agreement dated july 8, 1920 to the cleveland museum of art. The trustees are directed to pay net income from the trust to the cleveland museum of art to be used to purchase works of art to be exhibited in its museum building. Under the ohio institutional trust funds act of 1999, the beneficiary has chosen to receive the maximum of income based on the greater of 5% of afv or traditional income.keybank maintains a responsiveness to the needs and activities of the beneficiary organization in the attainment of its mission.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$6.4M
Other revenue
Total revenue$6.4M

Expenses

Grants paid$1.8M
Salaries & benefits$35K
Fundraising
Other expenses$25K
Total expenses$1.9M
Total assets$31.7M
Net assets$31.7M

People

2 listed

NameRoleCompensation

KEYBANK NA

TRUSTEE

Board

$35K

1 hrs/wk

RUSS KLIMCZUK

CMA ASST TREASURER OF FINANCE

Board

1 hrs/wk

Details

EIN346506247
Subsection03
Ruling date1971-08
Formed1920
Employees0
J H WADE TR FOR CLEVELAND MUSEUM OF ART — Mission, Financials & Grants Received | Grantivo