Nonprofit · EIN 47-4332964
FOUNDRY PROJECT ARTS INCUBATOR
Tax-exempt · CLEVELAND HTS, OH 44118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $77,420 | $9,516 | $67,904 | $989,270 | $0 | $989,270 |
| December 31, 2023 | 990 | $428,741 | $28,187 | $400,554 | $921,366 | $0 | $921,366 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60,000
- of which government grants
- $60,000
- Program service revenue
- $0
- Investment income
- $1,020
- Net rental income
- $16,400
- Other revenue
- $16,400
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $9,516
Balance sheet and other
- Total assets, start of year
- $921,366
- Total assets, end of year
- $989,270
- Total liabilities, end of year
- $0
- Net assets, end of year
- $989,270
- Land, buildings and equipment
- $984,740
- Net assets without donor restrictions
- $989,270
- Gross unrelated business income
- $16,400
- Gross receipts
- $77,420
- Employees
- 0
- Year formed
- 2015
- State of legal domicile
- OH
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON HERENE | EXECUTIVE DIRECTOR Trustee or director | 0 | $0 |
| JAMES D SHOREY | PRES Officer | 0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON HERENE | EXECUTIVE DIRECTOR Trustee or director | 0 | $0 |
| JAMES D SHOREY | PRES Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2952 FAIRMOUNT BLVD, CLEVELAND HTS, OH 44118-4061
- In care of
- % JAMES D SHOREY
- Mailing address (990-N for 2021)
- 2952 FAIRMOUNT BLVD, CLEVELAND HTS OH 44118
- Principal officer (990 for 2024)
- JAMES D SHOREY, 2952 FAIRMOUNT BLVD, CLEVELAND HTS, OH 44118
- Principal officer (990-N for 2021)
- JAMES D SHOREY, 2952 FAIRMOUNT BLVD, CLEVELAND HTS OH 44118
- Signed the 990
- JAMES D SHOREY, PRES
- Phone
- (216) 906-1300
- Return prepared by
- BARNETT & BARNETT INC
Mission
TO RENOVATE A CONDEMENDED BUILDING & LAND TO BECOME A VIABLE ARTS & TECHNOLOGY INCUBATOR
Program accomplishments
- ACHIEVEMENTS FOR 2024 - OBTAINING TAX FREE GRANTS TO RESTORE THE BUILDING AND LAND WHICH HAS STARTED IN 2022
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4332964
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $989,270
- Income (IRS master file)
- $77,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $77,420 | $9,516 | $989,270 | XML |
| 990 | December 2023 | $428,741 | $28,187 | $921,366 | XML |
| 990 | December 2022 | $540,265 | $21,965 | $520,812 | IRS |
| 990-N for 2021 Officer: JAMES D SHOREY | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: JAMES D SHOREY | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: JAMES D SHOREY | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 47-4332964).
Questions about FOUNDRY PROJECT ARTS INCUBATOR
- What is the EIN of FOUNDRY PROJECT ARTS INCUBATOR?
- The employer identification number (EIN) of FOUNDRY PROJECT ARTS INCUBATOR is 47-4332964.
- Is FOUNDRY PROJECT ARTS INCUBATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to FOUNDRY PROJECT ARTS INCUBATOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDRY PROJECT ARTS INCUBATOR 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 FOUNDRY PROJECT ARTS INCUBATOR 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 FOUNDRY PROJECT ARTS INCUBATOR 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 FOUNDRY PROJECT ARTS INCUBATOR?
- The 990 for the year ended December 31, 2024 names JAMES D SHOREY.
- Who are the officers and directors of FOUNDRY PROJECT ARTS INCUBATOR?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does FOUNDRY PROJECT ARTS INCUBATOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $77,420, expenses of $9,516 and total assets of $989,270 at year end.
Other nonprofits in CLEVELAND HTS
- APOLLOS FIRE BAROQUE EIN 34-1696842 · last filed 990 for 2025
- ARTFUL OHIO INC EIN 47-5260903 · last filed 990 for 2025
- HEIGHTS ARTS COLLABORATIVE INC EIN 34-1962652 · last filed 990 for 2025
- ENSEMBLE THEATER EIN 34-1335563 · last filed 990-EZ for 2025
- PANZA FOUNDATION EIN 47-2737326 · last filed 990-PF for 2024
- KULTURE KIDS EIN 34-1903856 · last filed 990-EZ for 2025
- WESTERN RESERVE CHORALE EIN 34-1723592 · last filed 990-EZ for 2025
- CREATIVE FILMMAKERS ASSOCIATION EIN 34-1694837 · last filed 990-EZ for 2025
All nonprofits in CLEVELAND HTS · Ohio · Arts, culture and humanities