Cleveland School Of The Arts Board Of Trustees
- Assets
- $4.2m
- Revenue
- $550.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Cleveland, OH
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 34-1410357
Organization Overview
Cleveland School Of The Arts Board Of Trustees, operating under the name Fka Friends Of The Cleveland School Of The Arts, is located in Cleveland, OH. The organization was established in 1984. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Fka Friends Of The Cleveland School Of The Arts employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka Friends Of The Cleveland School Of The 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 06/2022, Fka Friends Of The Cleveland School Of The Arts generated $550.9k 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 (6.8%) each year. All expenses for the organization totaled $445.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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 MISSION IS TO CREATE AN ENVIRONMENT THAT EMPOWERS CHILDREN WITH (CONTINUED ON SCHEDULE O)THE OPPORTUNITY TO ACHIEVE EXCELLENCE THROUGH AN ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS, CULTURE & HUMANITIES PROGRAMS, GENERAL/OTHER ART PROGRAMS - RAISE FUNDING FOR CLASSROOM SUPPLIES, ARTISTS IN RESIDENCE, ANNUAL STUDENT PRODUCTIONS AND RECITALS, AND PARTNERSHIP PROGRAMS WITH ARTS AND EDUCATIONAL INSTITUTIONS. CULTIVATE SUPPORT AND RESOURCES FOR PRE-PROFESSIONAL TRAINING OF STUDENTS IN GRADES 9-12 STUDY IN THE FOLLOWING ARTS MAJORS: THEATRE, DANCE, CREATIVE WRITING, MUSIC (BAND, ORCHESTRA, VOCAL), VISUAL ARTS AND INTERDISCIPLINARY ARTS.
ARTS, CULTURE & HUMANITIES PROGRAMS, GENERAL/OTHER STUDENT DEVELOPMENT PROGRAMS - STUDENT PROGRAMS AND OTHER FUNDING FOR AREAS SUCH AS SENIOR AWARDS, SPECIAL EDUCATION, SCHOOL PSYCHOLOGIST, TECHNOLOGY AND BUILDING IMPROVEMENTS. THIS ALSO INCLUDES PRIVATE LESSONS TO 105 STUDENTS IN MUSIC AND TUITION ASSISTANCE OR COLLEGE SCHOLARSHIPS AWARDED TO ONE STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Duke Development Director | Officer | 40 | $80,000 |
David Larue Treasurer | OfficerTrustee | 1 | $0 |
Dr Jill Snyder Chair; Development | OfficerTrustee | 1 | $0 |
Richard Ortmeyer Past President/governance | OfficerTrustee | 1 | $0 |
Felton Thomas President | OfficerTrustee | 1 | $0 |
Tony Sias Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,351 |
| Total Program Service Revenue | $0 |
| Investment income | $42,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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. | $7,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,000 |
| Pension plan accruals and contributions | $9,714 |
| Other employee benefits | $43,587 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,775 |
| Fees for services: Other | $8,638 |
| Advertising and promotion | $601 |
| Office expenses | $6,865 |
| 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 | $4,044 |
| All other expenses | $0 |
| Total functional expenses | $445,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,269 |
| Savings and temporary cash investments | $1,832,063 |
| Pledges and grants receivable | $105,490 |
| 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 | $11,170 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,652,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,039 |
| Total assets | $4,150,209 |
| Accounts payable and accrued expenses | $9,647 |
| 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 | $13,562 |
| Total liabilities | $23,209 |
| Net assets without donor restrictions | -$33,414 |
| Net assets with donor restrictions | $4,160,414 |
| 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 | $4,150,209 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Cleveland School Of The Arts Board Of Trustees has recieved totaling $148,125.
| Awarding Organization | Amount |
|---|---|
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: TO PARTICIPATE IN CHANGEMAKER ACTIVITIES IN THE 2021-22 ACADEMIC YEAR | $66,072 |
David And Inez Myers Foundation Cleveland, OH PURPOSE: THEATER DEPARTMENT | $50,000 |
Kulas Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $15,000 |
John P Murphy Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $15,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: CSA FESTIVAL OF NEW WORKS 2022 | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $2,095,924 |
| Earnings | -$199,341 |
| Other Expense | $91,887 |
| Ending Balance | $1,804,696 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flint Cultural Center Foundation Flint, MI | $6,829,890 | $10,292,865 |
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Toledo Alliance For The Performing Arts Toledo, OH | $24,676,048 | $6,839,703 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Air Force Museum Foundation Inc Wright Patterson Afb, OH | $28,184,823 | $8,102,292 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
John L Severance Brooklyn, OH | $58,165,574 | $2,331,201 |
Air Zoo Legacy Foundation Portage, MI | $89,399,860 | $9,308,646 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |