Arts Impact Incorporated
- Assets
- $434.4k
- Revenue
- $945.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Cleveland, OH
- Founding
- 10/2003
- Data as of
- 08/2022
- EIN
- 01-0573988
Organization Overview
Arts Impact Incorporated is located in Cleveland, OH. The organization was established in 2003. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Arts Impact Incorporated employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Impact Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Arts Impact Incorporated generated $945.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $841.1k during the year ending 08/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARTS IMPACT BRINGS LEARNING TO LIFE THROUGH ART. THE ORGANIZATION'S PRIMARY PURPOSE IS TO USE THE ARTS TO HELP CHILDREN LEARN, CREATE, IMAGINE, DREAM, EXPLORE, GROW, AND SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS IMPACT'S INNOVATIVE ARTS-BASED PROGRAMS RESPOND TO EDUCATIONAL TRENDS AND MEET THE NEEDS OF STUDENTS, TEACHERS, AND THE COMMUNITY OF GREATER CLEVELAND. THE ORGANIZATION HAS SERVED OVER 40,000 STUDENTS DURING THE PAST 20 YEARS. ARTS IMPACT HAS BECOME AN IMPORTANT SCHOOL PARTNER FOR THE CLEVELAND METROPOLITAN SCHOOL DISTRICT (CMSD), IN PARTICULAR, BY PROVIDING MULTI- SESSION ARTS INTEGRATION RESIDENCIES THAT IMPACT ACHIEVEMENT AND INCREASE STUDENT ENGAGEMENT FIRST GRADERS BUILD BIRD GLIDERS WHILE STUDYING LIFE SCIENCE. SECOND GRADERS CREATE DIGITAL STOP-MOTION ANIMATIONS ON IPADS WHILE STUDYING THE WEATHER AND ATMOSPHERE. THIS CREATIVE, HANDS-ON LEARNING HELPS THE CURRICULUM "STICK." SINCE 2019, ARTS IMPACT HAS OFFERED SERIES OF ARTS-BASED PROGRAMS FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS, TO EXPLICITLY ADDRESS SOCIAL AND EMOTIONAL LEARNING (SEL). EACH WORKSHOP INCLUDES INTRODUCTION OF AN SEL COMPETENCY, DISCUSSION, ACTIVITIES, AND AN ART PROJECT TO DEEPEN THE LEARNING OF THAT COMPETENCY. ARTS ENRICHMENT PROGRAMS TAKE PLACE IN SCHOOLS AND COMMUNITY ORGANIZATIONS DURING OUT-OF-SCHOOL TIME. THESE WORKSHOPS AND CAMPS ARE ARTS-BASED AND NOT TIED TO OTHER ASPECTS OF THE CURRICULUM AS THE STEAM AND SEL OFFERINGS ARE. PROFESSIONAL ARTISTS GUIDE STUDENTS TO PAINT MURALS, DESIGN LOGOS, SCULPT, DANCE, AND MORE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd A Benni Secretary | OfficerTrustee | 1 | $0 |
Richard Cahoon Board Member | Trustee | 1 | $0 |
Michelle C Carleton Board Member | Trustee | 1 | $0 |
Daphne Devetsco Board Member | Trustee | 1 | $0 |
Nicholas Digiorgio Board Member | Trustee | 1 | $0 |
Mike Fanous Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $560,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,550 |
| Total Program Service Revenue | $242,137 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $945,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $492,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,157 |
| Payroll taxes | $39,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,012 |
| Advertising and promotion | $18,394 |
| Office expenses | $17,781 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,475 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,791 |
| Insurance | $8,256 |
| All other expenses | $0 |
| Total functional expenses | $841,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,136 |
| Savings and temporary cash investments | $72,227 |
| Pledges and grants receivable | $235,784 |
| Accounts receivable, net | $6,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,646 |
| Net Land, buildings, and equipment | $7,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $434,363 |
| Accounts payable and accrued expenses | $23,303 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,150 |
| Total liabilities | $32,453 |
| Net assets without donor restrictions | $88,848 |
| Net assets with donor restrictions | $313,062 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $434,363 |