Canton Museum of Art

“The Museum's art collections, which were purchased or donated, are not included as assets in the statement of financial position. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to acquire other items for collections. Purchases of collection items are recorded as decreases in net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions are reflected as increases in net assets. The estimated fair value of the collection for insurance purposes was approximately $38,633,760 and $38,710,410 at June 30, 2024 and 2023, respectively. The Permanent Collection is broken down into six (6) categories: 3D, Ceramics, Drawings, Oils, Prints & Watercolors. Each category of artwork is appraised once every ten (10) years, as suggested by professional appraisers.”

“ESTABLISHED IN THE LATE 1930s, THE FOCUS OF THE CANTON MUSEUM OF ART'S (CMA) COLLECTION IS AMERICAN WORKS ON PAPER FROM THE 19TH CENTURY FORWARD, WITH AN EMPHASIS ON WATERCOLORS, AND AMERICAN CERAMICS FROM THE 1950s THROUGH TODAY. THE MUSEUM'S COLLECTION RANKS AS ONE OF THE FINEST IN OHIO. THE COLLECTION INCLUDES AMERICAN MASTERS OF WATERCOLOR SUCH AS ANDREW WYETH, EDWARD HOPPER, WINSLOW HOMER, JOHN SINGER SARGENT, CHILDE HASSAM, AND CHARLES BURCHFIELD, IN ADDITION TO IMPORTANT OILS, PRINTS, DRAWINGS, AND OTHER WORKS BY ANDY WARHOL, CLYDE SINGER, M.C. ESCHER, JULIAN STANCZAK, ROY LICHTENSTEIN, AND THOMAS HART BENTON AMONG OTHERS. PERIODS REPRESENTED RANGE FROM IMPRESSIONISM AND REALISM TO AMERICAN REGIONALISM, ABSTRACT EXPRESSIONISM, CONTEMPORARY, AND MORE. ARTISTS SUCH AS VIKTOR SCHRECKENGOST, TOSHIKO TAKAEZU, PETER VOULKOS, AND VIOLA FREY ARE IMPORTANT FIGURES IN THE MUSEUM'S CERAMIC HOLDINGS. REFLECTING THE OHIO REGION'S RICHNESS IN CERAMICS, INCLUDING THE INFLUENCE OF CLEVELAND SCHOOL ARTISTS AND COWAN POTTERY, CMA'S COLLECTION PROVIDES EXCITING OPPORTUNITIES FOR DISCOVERY. NEW WORKS ARE ADDED THROUGH THE COLLECTIONS MANAGEMENT COMMITTEE FROM GIFTS OR PURCHASES FROM THE MUSEUM'S ACQUISITION FUNDS, WHICH ARE RESTRICTED SOLELY FOR THE PURCHASE AND DIRECT CARE OF ART. MANAGEMENT AND CARE OF THE COLLECTION IS GOVERNED BY THE STANDARDS OF EXCELLENCE AND "DIRECT CARE OF COLLECTIONS ETHICS, GUIDELINES, AND RECOMMENDATIONS" FROM THE AMERICAN ALLIANCE OF MUSEUMS. IN ADDITION TO EXHIBITIONS CURATED EACH YEAR AT CMA, WORKS FROM THE COLLECTION ARE INCLUDED IN TOURING EXHIBITIONS ACROSS THE UNITED STATES, AS WELL AS ON LOAN TO OTHER MUSEUMS AND INSTITUTIONS INTERNATIONALLY. CMA'S COLLECTION IS CONSISTENTLY UPDATED AND AVAILABLE ONLINE AT WWW.CANTONARTORG.ORG FOR RESEARCH.”

“Cost of goods sold change.”

“Cost of sales and settlement expenses per financial statements netted against income”