Fine Arts Association Willoughby
- Assets
- $5.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 79
- Location
- Willoughby, OH
- Founding
- 10/1959
- Data as of
- 07/2022
- EIN
- 34-0834212
Organization Overview
Fine Arts Association Willoughby is located in Willoughby, OH. The organization was established in 1959. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Fine Arts Association Willoughby employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fine Arts Association Willoughby 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 07/2022, Fine Arts Association Willoughby generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $2.2m during the year ending 07/2022. 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
THE FINE ARTS ASSOCIATION SERVES THE COMMUNITY BY ENHANCING LIVES THROUGH ARTS EDUCATION, THERAPIES, PERFORMANCE, COMMUNITY PARTNERSHIPS AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINE ARTS ASSOCIATION (FAA) WAS FOUNDED IN 1957 TO BRING QUALITY ARTS PROGRAMMING TO NORTHEAST OHIO. FAA PROVIDES ARTS EDUCATION CLASSES AND LESSONS IN MUSIC, VISUAL ART, DANCE, THEATRE, MUSIC THERAPY AND ART THERAPY TO STUDENTS OF ALL AGES BOTH ONSITE AND OFFSITE IN FOUR COUNTIES. CURRENTLY, 1,500 STUDENTS OF ALL AGES STUDY WEEKLY AT FAA. ADDITIONALLY, FAA PRODUCES THE THEATRE FOR HEALTHY LIVING PROGRAM WHICH IS A HANDS-ON THEATRE EDUCATION EXPERIENCE FOR STUDENTS IN GRADES 6-12 THAT ADDRESSES SOCIAL ISSUES SUCH AS DRUG AND ALCOHOL ABUSE. THIS PROGRAM IS SPONSORED BY GRANTS AND IS FREE TO PARTICIPATING SCHOOLS. FAA SERVES STUDENTS OF ALL ABILITIES AND OFFERS MANY SCHOLARSHIPS TO OFFSET THE COST OF INSTRUCTION. OVER 60,000 INDIVIDUALS ARE SERVED EACH YEAR BY FAA THROUGH EDUCATION AND PERFORMANCE BY 65 PROFESSIONAL INSTRUCTORS.
FAA PRODUCES SEVEN THEATRE PRODUCTIONS EACH YEAR WITH FOUR BEING GEARED TOWARD FAMILIES. AREA SCHOOLS ARE INVITED TO ATTEND THESE PRODUCTIONS AT A REDUCED COST TO INTRODUCE CHILDREN TO LIVE THEATRE. IN ADDITION TO OUR THEATRICAL PRODUCTIONS, WE OFFER OTHER PERFORMANCES GEARED TO AUDIENCES OF ALL AGES. WE HAVE A TEEN IMPROV TROUPE THAT PERFORMS THREE TIMES EACH YEAR, WE HAVE A COMMUNITY CHORUS THAT PERFORMS AT A LOCAL CHURCH, WE HAVE OUTSIDE GROUPS LIKE THE BRASS BAND OF THE WESTERN RESERVE AND THE COASTLINERS OF THE NORTH COAST MEN'S CHORUS PERFORM CONCERTS, AND WE HAVE THREE ONSITE CONCERTS THAT ARE FREE TO THE PUBLIC IN WHICH WE TAKE UP A FREE WILL OFFERING THAT DIRECTLY SUPPORT OUR SCHOLARSHIP FUNDS TO HELP THOSE WHO ARE IN NEED RECEIVE ARTS PROGRAMMING. ALL IN ALL WE HAVE 9 ADDITIONAL EVENTS THAT DON'T FIT IN THE "THEATRICAL" CATEGORY. THERE IS ALSO SENIOR SERIES, A DAYTIME MATINEE SERIES OF CONCERTS AND THEATRICAL PRODUCTIONS SERVING THE SENIOR POPULATION. FAA IS COMMITTED TO PROVIDING ARTS EXPERIENCES TO UNDERSERVED STUDENTS OF ALL AGES AND ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Holm CEO | Officer | 40 | $86,567 |
Suzanne Benet Manager Of F | Officer | 40 | $56,166 |
Heidi Baldwin Secretary | OfficerTrustee | 1 | $0 |
Eric Barbe 1st Vice Pre | OfficerTrustee | 1 | $0 |
Michael Laurio Treasurer | OfficerTrustee | 1 | $0 |
Noelle Sieradzki 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $69,600 |
| Government grants | $31,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,118 |
| Total Program Service Revenue | $1,021,463 |
| Investment income | $42,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186,459 |
| Net Income from Fundraising Events | $1,159 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,634,832 |
| 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. | $153,948 |
| Compensation of current officers, directors, key employees. | $6,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,186,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,498 |
| Payroll taxes | $98,617 |
| 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 | $0 |
| Office expenses | $39,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,064 |
| Insurance | $14,793 |
| All other expenses | $86,687 |
| Total functional expenses | $2,218,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,402 |
| Savings and temporary cash investments | $64,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $240 |
| Prepaid expenses and deferred charges | $29,624 |
| Net Land, buildings, and equipment | $3,045,993 |
| Investments—publicly traded securities | $1,978,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $47,245 |
| Other assets | $470,404 |
| Total assets | $5,808,862 |
| Accounts payable and accrued expenses | $92,269 |
| Grants payable | $0 |
| Deferred revenue | $163,741 |
| 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 | $45,000 |
| Unsecured mortgages and notes payable | $145,776 |
| Other liabilities | $47,448 |
| Total liabilities | $494,234 |
| Net assets without donor restrictions | $5,314,628 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,808,862 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Fine Arts Association Willoughby has recieved totaling $66,885.
| Awarding Organization | Amount |
|---|---|
Alfred C Mahan Irrv Charitable Tr Ua 100193 Brooklyn, OH PURPOSE: GENERAL OPERATING | $22,785 |
United Way Of Lake County Inc Mentor, OH PURPOSE: PROGRAM SUPPORT | $17,900 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $14,000 |
Cleveland Foundation Cleveland, OH PURPOSE: ENSURING UNDERREPRESENTED AND MARGINALIZED STUDENTS ACCESS TO THE ARTS | $12,200 |
Endowment Analysis
| Beg. Balance | $2,462,260 |
| Earnings | -$171,303 |
| Other Expense | $426,942 |
| Ending Balance | $1,864,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Theatre Association Cincinnati, OH | $4,547,140 | $4,060,084 |
Local Media Association Lake City, MI | $6,753,450 | $4,206,855 |
Organization Of American Historians Bloomington, IN | $4,203,949 | $3,566,277 |
Fine Arts Association Willoughby Willoughby, OH | $5,808,862 | $1,634,832 |
American Pianists Asso Inc Indianapolis, IN | $13,211,143 | $1,708,505 |
Association For Computational Linguistics Inc Stroudsburg, PA | $5,328,100 | $2,432,156 |
Society Of Professional Journalists Indianapolis, IN | $1,602,738 | $1,294,890 |
American Institute Of Architects- Philadelphia Chapter Philadelphia, PA | $1,870,586 | $1,087,307 |
Decorative Arts Trust Media, PA | $7,999,879 | $2,838,494 |
University Cultural Center Association Detroit, MI | $9,621,414 | $432,712 |
Embroiderers Guild Of America Inc Louisville, KY | $3,586,074 | $656,475 |
Ohio Association Of Broadcasters Columbus, OH | $2,292,482 | $993,126 |