Cleveland Art Association
- Assets
- $964.4k
- Revenue
- $54.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/1954
- Data as of
- 12/2022
- EIN
- 34-6536232
Organization Overview
Cleveland Art Association is located in Cleveland, OH. The organization was established in 1954. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Cleveland Art Association 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 12/2022, Cleveland Art Association generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $85.1k during the year ending 12/2022. 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
PROMOTE AND SUPPORT THE VISUAL ARTS IN THE GREATER CLEVELAND COMMUNITY THROUGH THE PURCHASE, LENDING AND SALE OF ART CREATED BY ARTISTS RESIDING IN NORTHEAST OHIO. PROVIDE SUPPORT TO STUDENTS OF THE CLEVELAND INSTITUTE OF ART THROUGH THE FUNDING OF ANNUAL SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE CLEVELAND INSTITUTE OF ART FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO ENROLLED STUDENTS
PURCHASE, DISPLAY, MAINTAIN AND CIRCULATE WORKS OF ART CREATED BY CLEVELAND AREA ARTISTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meg Weingart Secretary | OfficerTrustee | 3 | $5,355 |
Kate Blaszak Co-President | OfficerTrustee | 4 | $0 |
Mity Fowler Co-President | OfficerTrustee | 4 | $0 |
Thomas A Gilbride Treasurer | OfficerTrustee | 5 | $0 |
Nadia Fellah Director | Trustee | 0.5 | $0 |
Caitlin Hunter Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,265 |
| Fundraising events | $3,060 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,002 |
| Noncash contributions included in lines 1a–1f | $18,820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,327 |
| Total Program Service Revenue | $0 |
| Investment income | $22,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$19,911 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,000 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,205 |
| Compensation of current officers, directors, key employees. | $5,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $818 |
| 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 | $5,360 |
| Fees for services: Other | $807 |
| Advertising and promotion | $2,500 |
| Office expenses | $0 |
| Information technology | $2,046 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $85,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,836 |
| Pledges and grants receivable | $0 |
| 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 | $249,734 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $478,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,244 |
| Total assets | $964,358 |
| Accounts payable and accrued expenses | $7,436 |
| Grants payable | $44,000 |
| 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 | $51,436 |
| Net assets without donor restrictions | $0 |
| 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 | $912,922 |
| Total liabilities and net assets/fund balances | $964,358 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cleveland Art Association has recieved totaling $175.
| Awarding Organization | Amount |
|---|---|
Sullivan Family Fund West Palm Beach, FL PURPOSE: GENERAL | $175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
Greater Pittsburgh Arts Council Pittsburgh, PA | $2,524,492 | $2,281,290 |
National Interscholastic Athletic Administrators Association Indianapolis, IN | $6,389,694 | $2,742,036 |
Clairvaux Institute Elmhurst Township, PA | $2,701,439 | $1,749,993 |
Culturesource Detroit, MI | $3,009,357 | $2,825,503 |
Walters Family Foundation Milford, MI | $17,995,622 | $1,842,537 |
Pittsburgh Urban Magnet Project Pittsburgh, PA | $278,931 | $945,829 |
Dayton Public Access Television Inc Dayton, OH | $3,334,474 | $517,341 |
Youth Over Us Inc Columbus, OH | $58,419 | $502,500 |
Brown County Playhouse Management Nashville, IN | $303,745 | $676,669 |
Wilma Valentine Childcare Inc Sidney, OH | $733,256 | $544,548 |
Norman Holland-Hull Instrument Library Philadelphia, PA | $522,296 | $436,581 |