Cleveland Festival Of Art And Technology Inc
- Assets
- $450.1k
- Revenue
- $510.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Cleveland, OH
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-2031718
Organization Overview
Cleveland Festival Of Art And Technology Inc, operating under the name Ingenuity Cleveland, is located in Cleveland, OH. The organization was established in 2005. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Ingenuity Cleveland employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingenuity Cleveland 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, Ingenuity Cleveland generated $510.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $357.8k during the year ending 12/2021. While expenses have increased by 0.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INGENUITY CLEVELAND IGNITES THE SPARK OF CREATIVITY AMONG ARTISTS, ENTREPRENEURS AND INNOVATORS OF ALL TYPES, THROUGH JOY AND COLLABORATION, IN SERVICE TO CIVIC PROGRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INGENUITYFEST- SERVES THE REGIONAL OHIO PUBLIC LOOKING FOR CREATIVE & INSPIRATIONAL EXPERIENCES.BENEFITS 20,000 PLUS INDIVIDUALS ANNUALLY- ALL AGES INCOME EDUCATION LEVELS, ETHNIC & GEOGRAPHIC BACKGROUNDS.BRINGS THE COMMUNITY TOGETHER FOR HANDS-ON EXPERIENCES FOR CHILDREN AND FAMILIES, YOUNG ADULTS, PROFESSIONALS,SENIORS, CREATIVES & HIPSTERS, AND NEIGHBORHOOD RESIDENTS, WHICH INSPIRE AND ENCOURAGE NEW IDEAS AND CHANGED PERSPECTIVES.
IGNITE! IMPACT AWARDS - SERVES FEMALE ENTREPRENEURS AND ENTREPRENEURS FROM MINORITY COMMUNITIES.BENEFITS - 5-10 MICROGRANTS AWARDED ANNUALLY.MICROGRANTS HELP RECIPIENTS CROSS A THRESHOLD, ASPIRING ENTREPRENEURS GET A VOTE OF CONFIDENCE ALONG WITH TANGIBLE ASSISTANCE SUCH AS SPACE, TOOLS, AND RESOURCES. AWARDEES PRESENT AT OTHER INGENUITY PROGRAMS, ARE CONNECTED TO PAID OPPORTUNITIES, AND HELP BUILD TRUST NETWORKS WITH POTENTIAL INCOMING PARTICIPANTS.
IGNITE! NEIGHBOR NIGHTS - SERVES ST. CLAIR-SUPERIOR RESIDENTS, ESPECIALLY FAMILIES.8 EVENTS HELD ANNUALLY SERVING 200 PEOPLE EACH EVENT.RESPONSIVE AND ADAPTABLE TO COMMUNITY NEEDS. INTERGENERATIONAL, HIGH-ENERGY PLATFORM FOR NEIGHBORHOOD PARTNERSHIPS. ACCESS TO RESOURCES AND NETWORK OF HELPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Appelbaum Executive Director | Officer | 40 | $60,000 |
Kristen Hoover Vice President | OfficerTrustee | 6 | $0 |
John Pazimadis Secretary | OfficerTrustee | 6 | $0 |
Lisa Curll Board President | OfficerTrustee | 6 | $0 |
Melissa Jogan Treasurer | OfficerTrustee | 6 | $0 |
Hui Feng Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $318,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,431 |
| Total Program Service Revenue | $101,967 |
| Investment income | $0 |
| 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 | $510,398 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,962 |
| Payroll taxes | $8,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,252 |
| Advertising and promotion | $22,929 |
| Office expenses | $13,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,963 |
| Travel | $167 |
| 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 | $6,301 |
| All other expenses | $0 |
| Total functional expenses | $357,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $97,302 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,133 |
| Accounts payable and accrued expenses | $9,617 |
| 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 | $9,617 |
| Net assets without donor restrictions | $348,228 |
| Net assets with donor restrictions | $92,288 |
| 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 | $450,133 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cleveland Festival Of Art And Technology Inc has recieved totaling $45,942.
| Awarding Organization | Amount |
|---|---|
George Gund Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT. | $30,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,109 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: INGENUITY CLEVELAND COMMUNITY IMPACT | $5,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: CLEVELAND'S JUNETEENTH FREEDOM FESTIVAL; EMPLOYEES IN ACTION | $3,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
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 |