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Nonprofit · EIN 20-0639943

WATERLOO ARTS

Tax-exempt · CLEVELAND, OH 44110

Financials

$120K$205K2023$161K$218K2024
Revenue Expenses · by fiscal year end
Financials of WATERLOO ARTS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$161,096$217,851-$56,755$865,235$307,366$557,869
December 31, 2023990$120,420$204,721-$84,301$927,099$312,475$614,624
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$85,823
of which government grants
$55,337
Program service revenue
$75,177
Investment income
$96
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$43,333
Other salaries and wages
$34,224
Salaries, compensation and benefits (total)
$85,366
Professional fundraising fees
$0
Occupancy
$24,307
Travel
$196
Depreciation
$17,200
Program services (functional)
$163,045
Management and general (functional)
$46,263
Fundraising (functional)
$8,543

Balance sheet and other

Total assets, start of year
$927,099
Total assets, end of year
$865,235
Total liabilities, end of year
$307,366
Net assets, end of year
$557,869
Land, buildings and equipment
$450,261
Publicly traded securities
$1,250
Net assets without donor restrictions
$416,136
Net assets with donor restrictions
$141,733
Gross receipts
$161,096
Employees
7
Year formed
2004

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AMY CALLAHANEXECUTIVE DI
Officer
40$43,333
LEANNE ANDRYSCOSECRETARY
Trustee or director, Officer
6$0
ADAM BRADFORDBOARD MEMBER
Trustee or director
3$0
JONATHAN COOPERVICE PRESIDE
Trustee or director, Officer
6$0
LANE COOPERBOARD MEMBER
Trustee or director
3$0
JOYCE MARROW JONESPRESIDENT
Trustee or director, Officer
6$0
NANCY KENNEDYBOARD MEMBER
Trustee or director
3$0
MICHAEL MCBRIDEBOARD MEMBER
Trustee or director
3$0
SUSAN MARIE SWEENEYBOARD MEMBER
Trustee or director
3$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
AMY CALLAHANEXECUTIVE DI
Officer
40$43,333
LEANNE ANDRYSCOSECRETARY
Trustee or director, Officer
6$0
ADAM BRADFORDBOARD MEMBER
Trustee or director
3$0
JONATHAN COOPERVICE PRESIDE
Trustee or director, Officer
6$0
LANE COOPERBOARD MEMBER
Trustee or director
3$0
JOYCE MARROW JONESPRESIDENT
Trustee or director, Officer
6$0
NANCY KENNEDYBOARD MEMBER
Trustee or director
3$0
MICHAEL MCBRIDEBOARD MEMBER
Trustee or director
3$0
SUSAN MARIE SWEENEYBOARD MEMBER
Trustee or director
3$0

Address and contacts

Address (IRS master file)
15605 WATERLOO RD, CLEVELAND, OH 44110-1657
Principal officer (990 for 2024)
AMY CALLAHAN, 15605 WATERLOO ROAD, CLEVELAND, OH 44110
Signed the 990
AMY CALLAHAN, EXECUTIVE DIRECTOR
Phone
(216) 692-9500
Return prepared by
MCMANAMON & CO LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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 $163,045
  • 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. GALLERY ARTISTS ARE REQUIRED TO DO AN ARTIST TALK AND ALSO AN ADDITIONAL COMMUNITY ENGAGEMENT ACTIVITY DURING THEIR EXHIBIT.
  • OTHER COMMUNITY & ARTISTS PROGRAMS - WATERLOO ARTS PROVIDES LOW COST ARTIST STUDIO SPACE AND OPEN STUDIO EVENTS FOR THE PUBLIC. THEY MANAGE THE DISTRICT MERCHANT MEETINGS AND ARE THE FISCAL AGENT FOR DISTRICT-WIDE PROGRAMMING. WATERLOO ARTS HOSTS PROGRAMS FOR INDEPENDENT ARTISTS AND OTHER ARTS NONPROFITS, SUCH AS A MONTHLY ARTIST COLLECTIVE MEETING (15 VISUAL ARTISTS), 8-10 NEW MUSIC CONCERTS, BETTER STREETS COMMUNITY MEETINGS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0639943
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$865,235
Income (IRS master file)
$161,096

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$161,096$217,851$865,235XML
990December 2023$120,420$204,721$927,099XML
990December 2022$344,522$226,896$995,518IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about WATERLOO ARTS

What is the EIN of WATERLOO ARTS?
The employer identification number (EIN) of WATERLOO ARTS is 20-0639943.
Is WATERLOO ARTS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to WATERLOO ARTS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WATERLOO ARTS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WATERLOO ARTS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WATERLOO ARTS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WATERLOO ARTS?
The 990 for the year ended December 31, 2024 names AMY CALLAHAN.
Who are the officers and directors of WATERLOO ARTS?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $43,333 (AMY CALLAHAN, EXECUTIVE DI).
How much revenue does WATERLOO ARTS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $161,096, expenses of $217,851 and total assets of $865,235 at year end.

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