Cleveland Arts Prize
- Assets
- $682.0k
- Revenue
- $182.2k
- Investments
- $634.0k
- Employees
- 1
- Location
- South Euclid, OH
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 01-0627754
Organization Overview
Cleveland Arts Prize is located in South Euclid, OH. The organization was established in 2002. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Arts Prize 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 12/2021, Cleveland Arts Prize generated $182.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $258.7k during the year ending 12/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLEVELAND ARTS PRIZE IDENTIFIES, REWARDS, PUBLICLY HONORS AND PROMOTES THOSE CREATIVE ARTISTS WHOSE ORIGINAL WORK AND ACCOMPLISHMENTS HAVE SET A STANDARD OF EXCELLENCE TO WHICH OTHER ARTISTS CAN ASPIRE. ADDITIONALLY, THE CLEVELAND ARTS PRIZE RECOGNIZES THE CONTRIBUTIONS OF INDIVIDUALS AND ORGANIZATIONS THAT HAVE EXPANDED THE COMMUNITY'S PARTICIPATION IN THE ARTS AND HELPED MAKE THE REGION MORE HOSPITABLE TO CREATIVE ARTISTIC EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL AWARDS CEREMONY WAS VIRTUALLY HELD ON OCTOBER 29, 2020 AND WAS THE 60ST ANNUAL AWARDS CEREMONY. IT RECOGNIZED THE ARTISTIC ACHIEVEMENT OF 290 OHIO ARTISTS WHO WERE NOMINATED BY THE PUBLIC AND SELECTED FROM A PANEL OF ESTEEMED JUDGES. CASH AWARDS TOTALING $3,800 WERE PRESENTED TO 2 ARTISTS.
THE LEGACY OF OUR CAP AWARDEES WILL REMAIN WITH US AND FUTURE GENERATIONS FOREVER THROUGH OUR VIDEO DOCUMENTARY PROJECT. THE SHORT DOCUMENTARIES ON EACH OF OUR CAP AWARDEES ARE VIEWED THROUGHOUT THE WORLD AND HAVE BECOME PRIMARY TOOLS IN MARKETING FOR THE RECIPIENTS, INSTITUTIONS, AND GALLERIES. THE PRESERVATION OF THE LIVING WORDS AND WORKS OF OUR RECIPIENTS ASSURES A PERMANENT HOME FOR THOSE WHO BUILT AND ENABLED OUR ARTISTIC LEGACY IN NORTHEAST OHIO.
THE SPECIAL EVENTS SERIES, CAPTALKS, CENTERS AROUNDS CAP RECIPIENTS AND REVEALS THE PERSONAL AND COMPELLING BACKSTORIES OF CLEVELAND ARTS PRIZE RECIPIENTS WHILE REFRAMING THE RELATIONSHIP BETWEEN ARTISTS AND AUDIENCE INTO A MORE INTIMATE INTERACTION THROUGH STORYTELLING. THE PROGRAMS ARE CENTERED AROUND LIVE STORYTELLING EVENTS WHICH INCLUDE WINNERS FROM A VARIETY OF DISCIPLINES. IN ADDITION, THE DEVELOPMENT OF RELATED PODCASTS WILL FURTHER STRENGTHEN COMMUNITY CONNECTIVITY. WHAT MAKES CAPTALKS DIFFERENT? SPECIAL? CAP RECOGNIZES THAT THERE IS CONSIDERABLE EXISTING INFRASTRUCTURE THAT SUPPORTS PUBLIC INTERACTION WITH ART BUT RECOGNIZES THAT THERE ARE FAR FEWER PLATFORMS FOR UNDERSTANDING THE ARTISTS BEHIND THE WORK. THAT LACK OF DIRECT AND PERSONAL CONNECTION REDUCES OPPORTUNITIES FOR FULL COMMUNITY UNDERSTANDING OF CULTURAL ASSETS. CAPTALKS ALSO ENABLE ARTISTS TO DEVELOP RELATIONSHIPS WITH FELLOW RESIDENTS. THIS PROJECT REFLECTS CAP'S BROADER STRATEGIC ATTENTION TO INCREASING THE ORGANIZATION'S VISIBILITY, RESPONSIVENESS TO THE CURRENT CULTURAL CLIMATE, AND CREATING IMPACT AMONG NEIGHBORING COMMUNITITIES THROUGH ITS GREATEST ASSET - ITS LEGACY OF ARTISTS.
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 |
|---|---|---|---|
Erin Jesson Director Of Operations | Officer | 40 | $45,333 |
Deborah Glosserman Secretary | OfficerTrustee | 1.5 | $0 |
Howard Freedman Chair | OfficerTrustee | 2.5 | $0 |
Kathy Futey Treasurer | OfficerTrustee | 1.5 | $0 |
Michael Belkin Vice Chair | OfficerTrustee | 1.5 | $0 |
Cindy Katzenmeyer Chair | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,262 |
| Related organizations | $0 |
| Government grants | $23,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,423 |
| Total Program Service Revenue | $2,792 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,500 |
| Compensation of current officers, directors, key employees. | $5,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,967 |
| Payroll taxes | $4,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,627 |
| Office expenses | $17,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,055 |
| All other expenses | $0 |
| Total functional expenses | $258,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,029 |
| Savings and temporary cash investments | $31,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $633,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $682,007 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $682,007 |
| Total liabilities and net assets/fund balances | $682,007 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cleveland Arts Prize has recieved totaling $8,184.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $8,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |
Community Theater Project Corporation Pittsburgh, PA | $2,533,416 | $2,200,744 |
Association For The Colonial Theater Phoenixville, PA | $9,083,228 | $1,436,058 |
Tiffin Theatre Inc Tiffin, OH | $2,679,846 | $1,395,141 |
Artists In Motion Inc Indianapolis, IN | $1,277,049 | $1,242,334 |
Cadets Arts And Entertainment Inc Allentown, PA | $729,483 | $1,306,331 |
Chicago Summer Resort Company Charlevoix, MI | $1,907,953 | $1,036,226 |
Canton Palace Theater Association Canton, OH | $2,184,067 | $959,253 |