Totals
- Total revenue
- $120,420
- Total expenses
- $204,721
- Contributions and grants received
- $68,294
- Grants paid
- $0
- Program service revenue
- $52,018
- Investment income
- $108
- Other revenue
- $0
- Total assets, end of year
- $927,099
- Total liabilities, end of year
- $312,475
- Net assets or fund balances, end of year
- $614,624
- Program services expenses (Part IX)
- $145,109
- Management and general expenses
- $49,679
- Fundraising expenses
- $9,933
- Program service expenses (Part III)
- $145,109
Program services were 70.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$49,018
-
1f · All other contributions, gifts and grants
$19,276
-
2a · Program service revenue: PROGRAM FEES
total $36,718 · related or exempt $36,718
-
2b · Program service revenue: RENTAL INCOME
total $15,300 · related or exempt $15,300
-
3 · Investment income
total $108 · excluded $108
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $43,333 · program services $34,666 · management and general $6,067 · fundraising $2,600
-
7 · Other salaries and wages
total $38,748 · program services $30,999 · management and general $5,424 · fundraising $2,325
-
10 · Payroll taxes
total $9,549 · program services $7,639 · management and general $1,337 · fundraising $573
-
11g · Fees: other
total $16,019 · program services $7,245 · management and general $8,774
-
12 · Advertising and promotion
total $3,145 · program services $2,603 · management and general $542
-
13 · Office expenses
total $8,887 · program services $5,021 · management and general $1,430 · fundraising $2,436
-
16 · Occupancy
total $21,101 · program services $17,224 · management and general $2,714 · fundraising $1,163
-
17 · Travel
total $76 · program services $11 · management and general $65
-
20 · Interest
total $13,673 · management and general $13,673
-
22 · Depreciation, depletion and amortization
total $13,930 · program services $11,144 · management and general $1,950 · fundraising $836
-
23 · Insurance
total $7,650 · management and general $7,650
-
24a · Other expenses: PRODUCTION
total $23,983 · program services $23,983
-
24b · Other expenses: BAD DEBTS
total $2,500 · program services $2,500
-
24c · Other expenses: LICENSES
total $1,900 · program services $1,875 · management and general $25
-
24d · Other expenses: MISCELLANEOUS
total $227 · program services $199 · management and general $28
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $444,243 · end of year $473,802
-
4 · Accounts receivable
beginning of year $138,589 · end of year $18,296
-
10a · Land, buildings and equipment: cost or other basis
$611,983
-
10b · Land, buildings and equipment: accumulated depreciation
$184,232
-
10c · Land, buildings and equipment, net
beginning of year $406,686 · end of year $427,751
-
11 · Investments: publicly traded securities
end of year $1,250
-
15 · Other assets
beginning of year $6,000 · end of year $6,000
-
17 · Accounts payable and accrued expenses
beginning of year $2,883 · end of year $14,720
-
23 · Secured mortgages and notes payable
beginning of year $286,266 · end of year $286,266
-
25 · Other liabilities
beginning of year $7,444 · end of year $11,489
-
27 · Net assets without donor restrictions
beginning of year $482,265 · end of year $469,826
-
28 · Net assets with donor restrictions
beginning of year $216,660 · end of year $144,798
Mission and programs · 2023
Mission
TO ENRICH THE NEIGHBORHOOD CULTURALLY BY CREATING A STIMULATING ARTS ENVIRONMENT THROUGH QUALITY EXHIBITS, PERFORMANCES, COMMUNITY EVENTS AND EDUCATIONAL ARTS PROGRAMING FOR ALL AGES.
-
WATERLOO ARTS FEST - WATERLOO ARTS FEST IS THE LARGEST EVENT IN THE COLLINWOOD NEIGHBORHOOD OF CLEVELAND AND ATTRACTS OVER 7000 VISITORS FROM ACROSS THE REGION. EACH YEAR FOR THE PAST 20 YEARS, WATERLOO ARTS HAS WELCOMED ART VENDORS, FOOD VENDORS, COMMUNITY ORGANIZATIONS, MUSICIANS, STREET PERFORMERS, AND VISITORS TO ACTIVATE A HALF-MILE LONG ARTS & ENTERTAINMENT DISTRICT. THERE ARE 300+ DIVERSE ARTISTS AND MUSICIANS WHO PARTICIPATE IN THE EVENT EACH YEAR.
Expenses $145,109
-
GALLERY - THE GALLERY AT WATERLOO ARTS IS CURATED BY A VOLUNTEER COMMITTEE OF ARTISTS AND CURATORS WHO SELECT ARTISTS FROM AN OPEN CALL PROCESS AND PRESENT THEM IN 8-10 EXHIBITIONS EACH YEAR. THE GALLERY SCHEDULE INCLUDES AN ANNUAL DAYGLO EXHIBIT AND HOLIDAY CO-OP SALE.
-
OTHER COMMUNITY & ARTISTS PROGRAMS - WATERLOO ARTS PROVIDES LOW COST ARTIST STUDIO SPACE AND OPEN STUDIO EVENTS FOR THE PUBLIC AS WELL AS GALLERY ARTIST TALKS AND WORKSHOPS. THEY ALSO PROVIDE SPACE FOR OTHER ARTS NONPROFITS AND INDEPENDENT ARTISTS AND MUSICIANS TO PRESENT WORK TO THE PUBLIC.
As filed on the 2023 return.
Listed in Part VII
-
Amy CallahanAMY CALLAHAN
EXECUTIVE DI
- Total calculated
- $43,333
- From this org
- $43,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Leanne AndryscoLEANNE ANDRYSCO
SECRETARY
- Total calculated
- $0
- Hours/week
- 6
-
Adam BradfordADAM BRADFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jonathan CooperJONATHAN COOPER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 6
-
Lane CooperLANE COOPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Joyce Marrow JonesJOYCE MARROW JONES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Nancy KennedyNANCY KENNEDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Michael McBrideMICHAEL MCBRIDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Susan Marie SweeneySUSAN MARIE SWEENEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413209349315511
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