Art Resources Transformations
- Assets
- $1.0m
- Revenue
- $635.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Akron, OH
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3743218
Organization Overview
Art Resources Transformations is located in Akron, OH. The organization was established in 2019. 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, Art Resources Transformations employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Resources Transformations 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, Art Resources Transformations generated $635.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $537.1k during the year ending 12/2021. While expenses have increased by 42.6% per year over the past 3 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
TO BRING COMPELLING ART TO DIVERSE AUDIENCES THROUGH A DYNAMIC PROGRAM OF INSTALLATIONS, EVENTS, AND EXHIBITS THAT ACTIVATE UNDERUTILIZED BUILDINGS AND SPACES IN AKRON OHIO, AND PROVIDE ARTISTS WITH OPPORTUNITIES TO EXPAND THEIR PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURATED STOREFRONT PROGRAM: CURATED STOREFRONT IS A SERIES ONGOING EXHIBITIONS THAT ACTIVATE UNUSED STOREFRONTS INTO MULTIMEDIA ART INSTALLATIONS THROUGHOUT DOWNTOWN AKRON, OHIO.
AVANT GARDEN STUDIO PROGRAM: AVANT GARDEN OFFERS STUDIO SPACES TO ARTISTS AT BELOW MARKET RATES IN AKRON, OHIO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Smith President | OfficerTrustee | 1 | $0 |
Richard Rogers Executive Di | Trustee | 40 | $0 |
Chris Anderson Trustee | Trustee | 1 | $0 |
Charles Beneke Trustee | Trustee | 1 | $0 |
Fred Bidwell Trustee | Trustee | 1 | $0 |
John Laguardia Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,641 |
| Total Program Service Revenue | $16,872 |
| Investment income | $31 |
| 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 | $635,544 |
| 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 | $144,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,778 |
| Fees for services: Accounting | $5,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,674 |
| Advertising and promotion | $11,287 |
| Office expenses | $3,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,746 |
| Travel | $10,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,531 |
| Insurance | $2,120 |
| All other expenses | $2,278 |
| Total functional expenses | $537,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,677 |
| Savings and temporary cash investments | $450,031 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $448,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,008,530 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,848 |
| Total liabilities | $1,848 |
| 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 | $1,006,682 |
| Total liabilities and net assets/fund balances | $1,008,530 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Art Resources Transformations has recieved totaling $371,247.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT INITIATIVES OF EXHIBITING PUBLIC ART IN VACANT STOREFRONT WINDOWS AND BUILDINGS IN DOWNTOWN AKRON | $333,247 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $25,000 |
Mary S & David C Corbin Foundation Akron, OH PURPOSE: CURATED STOREFRONT CONTRACTORS, ARTISTS | $5,000 |
Welty Family Foundation Akron, OH PURPOSE: COMMUNITY | $4,000 |
Margaret Clark Morgan Foundation Hudson, OH PURPOSE: CURATED COURTHOUSE 2021 | $2,500 |
Julius L Nemeth Charitable Brooklyn, OH PURPOSE: GENERAL OPERATING | $1,500 |
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 |