Artists Archives Of The Western Reserve
- Assets
- $1.9m
- Revenue
- $589.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Cleveland, OH
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 34-1837357
Organization Overview
Artists Archives Of The Western Reserve is located in Cleveland, OH. The organization was established in 1997. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Artists Archives Of The Western Reserve employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artists Archives Of The Western Reserve 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, Artists Archives Of The Western Reserve generated $589.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $301.8k during the year ending 12/2021. While expenses have increased by 7.5% 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 ARTISTS ARCHIVES OF THE WESTERN RESERVE IS A UNIQUE ARCHIVAL FACILITY AND REGIONAL MUSEUM THAT PRESERVES REPRESENTATIVE BODIES OF WORK CREATED BY OHIO VISUAL ARTISTS AND THROUGH ONGOING RESEARCH, EXHIBITION AND EDUCATIONAL PROGRAMS, ACTIVELY DOCUMENTS AND PROMOTES THIS CULTURAL HERITAGE FOR THE BENEFIT OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARTISTS ARCHIVES OF THE WESTERN RESERVE IS A UNIQUE ARCHIVAL FACILITY AND REGIONAL MUSEUM THAT PRESERVES REPRESENTATIVE BODIES OF WORK CREATED BY OHIO VISUAL ARTISTS AND THROUGH ONGOING RESEARCH, EXHIBITION AND EDUCATIONAL PROGRAMS, ACTIVELY DOCUMENTS AND PROMOTES THIS CULTURAL HERITAGE FOR THE BENEFIT OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Pearl President | OfficerTrustee | 10 | $0 |
Jocelyn Ruf Vice Preside | OfficerTrustee | 5 | $0 |
David Joranko Treasurer | OfficerTrustee | 5 | $0 |
Lee Heinen Secretary | OfficerTrustee | 5 | $0 |
Philip Bautista Director | Trustee | 1 | $0 |
Stephen Bucchieri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,463 |
| Noncash contributions included in lines 1a–1f | $44,660 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,770 |
| Total Program Service Revenue | $0 |
| Investment income | $32,822 |
| 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 | $589,090 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,861 |
| Advertising and promotion | $0 |
| Office expenses | $13,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,660 |
| 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 | $857 |
| Insurance | $6,214 |
| All other expenses | $760 |
| Total functional expenses | $301,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,926 |
| Accounts receivable, net | $5,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,754 |
| Prepaid expenses and deferred charges | $2,478 |
| Net Land, buildings, and equipment | $10,719 |
| Investments—publicly traded securities | $1,673,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,938,273 |
| Accounts payable and accrued expenses | $16,727 |
| 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 | $16,727 |
| Net assets without donor restrictions | $1,921,546 |
| 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 | $1,938,273 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Artists Archives Of The Western Reserve has recieved totaling $51,419.
| Awarding Organization | Amount |
|---|---|
Bernice And David E Davis Art Foundation Beachwood, OH PURPOSE: PRESERVE ARTWORK | $29,400 |
George Gund Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT. | $20,000 |
Zufall Family Foundation Shoreline, WA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE | $1,000 |
Clarke Family Charitable Foundation Chargrin Falls, OH PURPOSE: GENERAL PURPOSE | $500 |
The@laura Berick Foundation Cleveland, OH PURPOSE: UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $1,441,776 |
| Earnings | $172,794 |
| Admin Expense | $9,246 |
| Net Contributions | $8,923 |
| Ending Balance | $1,614,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |