Waterloo Arts
- Assets
- $648.7k
- Revenue
- $370.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Cleveland, OH
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 20-0639943
Organization Overview
Waterloo Arts is located in Cleveland, OH. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Waterloo Arts 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, Waterloo Arts generated $370.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $219.3k during the year ending 12/2021. While expenses have increased by 5.4% 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
TO ENRICH THE NEIGHBORHOOD CULTURALLY BY CREATING A STIMULATING ARTS ENVIRONMENT THROUGH QUALITY EXHIBITS, PERFORMANCES, COMMUNITY EVENTS AND EDUCATIONAL ARTS PROGRAMING FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATERLOO ARTS FEST - AFTER A YEAR HIATUS DUE TO COVID 19, WATERLOO ARTS BROUGHT BACK THE WATERLOO ARTS FEST IN SEPTEMBER 2021. THIS FAMILY-FRIENDLY MUSIC AND ART FESTIVAL IS THE LARGEST EVENT IN THE COLLINWOOD NEIGHBORHOOD OF CLEVELAND AND ATTRACTS 5000-7000 VISITORS FROM ACROSS THE REGION. FOR NEARLY 20 YEARS, THE ANNUAL WATERLOO ARTS FEST HAS ENCOURAGED THE COMMUNITY TO IMAGINE ITSELF AS A DENSE, VIBRANT, WALKABLE NEIGHBORHOOD. THE FEST WELCOMES ART VENDORS, FOOD VENDORS, COMMUNITY ORGANIZATIONS, MUSICIANS, STREET PERFORMERS, AND VISITORS TO ACTIVATE A HALF-MILE WATERLOO ARTS & ENTERTAINMENT DISTRICT FOR A DAY OF COLORFUL SUMMER FUN. WITH SEVEN STAGES SHOWCASING AN ECLECTIC MIX OF LOCAL MUSIC, THE FESTIVAL ATTRACTS A DIVERSE AUDIENCE AND CELEBRATES THE GREAT MIX OF PEOPLE IN COLLINWOOD.
EDUCATION AND COMMUNITY PROGRAMS - WATERLOO ARTS IS SITUATED IN THE CENTER OF A WALKABLE ARTS DISTRICT AND IN 2020 AND 2021, THEY WORKED WITH LOCAL RESIDENTS TO RENOVATE SOME NEGLECTED FLOWER BEDS IN THE DISTRICT IN A PROGRAM TITLED, THE GREEN PALETTE. THE PROGRAM INCLUDED AN EDUCATIONAL WEBINAR SERIES FOR PARTICIPANTS AND A VOLUNTEER RECOGNITION EVENT. WATERLOO ARTS ROUND ROBIN YOUTH ARTS EDUCATION PROGRAM EXPOSES STUDENTS TO A VARIETY OF ART MEDIA WHILE MAKING USE OF THE MANY CULTURAL ASSETS IN THE WATERLOO ARTS & ENTERTAINMENT DISTRICT. DURING THE ROUND ROBIN WORKSHOP, STUDENTS VISIT A VARIETY OF ARTISTS STUDIOS IN THE DISTRICT. IN ADDITION TO THESE COMMUNITY PROGRAMS, THE ART CENTER ALSO HOUSES LOW-COST ARTIST STUDIO SPACE AND A BLACKBOX THEATER WHERE THEY HOST A RESIDENT THEATER COMPANY, PLAYWRIGHTS LOCAL.
GALLERY - IN 2021, THE GALLERY AT WATERLOO ARTS PRESENTED THE WORK OF 125 ARTISTS IN SEVEN EXHIBITS WHICH INCLUDED SOLO AND SMALL GROUP EXHIBITS, A NATIONAL JURIED EXHIBIT, AND A CO-OP HOLIDAY SALE. IN ADDITION, FOUR ONLINE ARTIST TALKS WERE PRESENTED LIVE AND RECORDED FOR LATER VIEWING. THE GALLERY IS CURATED BY THE STAFF AT WATERLOO ARTS AND A VOLUNTEER GALLERY COMMITTEE OF ART PROFESSIONALS WHO ARE COMMITTED TO SHOWING A DIVERSE GROUP OF ARTISTS AND CREATING A WELCOMING, ACCESSIBLE ATMOSPHERE IN WHICH TO EXPERIENCE ART.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Callahan Executive Director | Officer | 40 | $40,000 |
Leanne Andrysco Secretary | OfficerTrustee | 6 | $0 |
Danielle Uva President | OfficerTrustee | 6 | $0 |
Jonathan Cooper Vice President | OfficerTrustee | 6 | $0 |
Lane Cooper Board Member | Trustee | 3 | $0 |
Susan Marie Sweeney Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $256,341 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,028 |
| Total Program Service Revenue | $74,655 |
| Investment income | $38 |
| 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 | $370,721 |
| 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. | $40,000 |
| Compensation of current officers, directors, key employees. | $8,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,743 |
| Advertising and promotion | $4,480 |
| Office expenses | $3,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,585 |
| Travel | $229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,412 |
| Insurance | $6,817 |
| All other expenses | $4,647 |
| Total functional expenses | $219,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,920 |
| Savings and temporary cash investments | $146,464 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,961 |
| 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 | $399,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,652 |
| Accounts payable and accrued expenses | $18,539 |
| 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 | $69,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,139 |
| Net assets without donor restrictions | $312,669 |
| Net assets with donor restrictions | $247,844 |
| 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 | $648,652 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Waterloo Arts has recieved totaling $25,010.
| Awarding Organization | Amount |
|---|---|
George Gund Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT. | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Flint Cultural Center Corporation Inc Flint, MI | $82,664,438 | $21,920,278 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Midland Center For The Arts Inc Midland, MI | $105,520,024 | $38,518,398 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |