To enrich the neighborhood culturally by creating a stimulating arts environment through quality exhibits, performances, community events and educational arts programing for all ages.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 20 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $43K a year · 17% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
75% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$43K
to officers and key staff · 20% of spending
Pay to officers and key staff is 20% of spending.
Part VII, Section A
21.0 mo
of spending, in cash
21.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$307K
36% of total assets
Liabilities are 36% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$161K
+34% vs prior year
Spent
$218K
To programs
75%
Net assets
$558K
By yearFY2020–FY2024
Revenue
$161K
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$256K
FY2021$371K
FY2022$345K
FY2023$120K
FY2024$161K
Expenses
$218K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$167K
FY2021$219K
FY2022$227K
FY2023$205K
FY2024$218K
Net assets
$558K
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$409K
FY2021$561K
FY2022$699K
FY2023$615K
FY2024$558K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $163K Management & general 21% · $46K Fundraising 4% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990; $43K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$43,333Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amy Callahan’s $43K as Executive Di is at the 38th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Amy Callahan$43,333$43,333$40,000$40,000$66,880

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Waterloo Arts executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enriching neighborhoods culturally with arts exhibits, performances, events, and educational programs for all ages.

Questions for Waterloo Arts

Tap to ask. Waterloo Arts sees how many people are interested.

Your first name shows with your question. Waterloo Arts answers here, for everyone.

3 programs · $163K · in their own filed words · FY2024
01

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 &…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this line
$163Kprogram expense
02

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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this line
Pt IX · Ln 25 · col B
03

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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$86K
Fees for servicesLn 2g$75K
Investment incomeLn 3$96
Money outPt IX
$218K
Ln 25
Programscol B$163K
Managementcol C$46K
Fundraisingcol D$9K
Owns and owesPt X
$558K
net assets · Ln 32
Cash and savingsLn 1–2$381K
Total assetsLn 16$865K
LiabilitiesLn 26$307K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Government grantsLn 1e$55K
Fees for servicesLn 2g$75K
Investment incomeLn 3$96
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$381K
Cash and savings togetherLn 1–2$381K
Accounts receivableLn 4$20K
Prepaid expenses and deferred chargesLn 9$7K
Land, buildings, equipmentLn 10c$450K
InvestmentsLn 11–13$1K
Other assetsLn 15$6K
Total assetsLn 16$865K
LiabilitiesLn 26$307K
Net assetsLn 32$558K
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$474K$381K
InvestmentsLn 11–13$1K$1K
Land, buildings, equipmentLn 10c$428K$450K
Total assetsLn 16$927K$865K
LiabilitiesLn 26$312K$307K
Net assetsLn 32$615K$558K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$43K$35K$6K$3K
Other salaries and wagesLn 7$34K$27K$5K$2K
Payroll taxesLn 10$8K$6K$1K$469
Other fees for servicesLn 11g$24K$11K$13K
Advertising and promotionLn 12$9K$8K$2K
Office expensesLn 13$4K$2K$2K$1K
OccupancyLn 16$24K$20K$3K$1K
TravelLn 17$196$28$168
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$17K$14K$2K$1K
InsuranceLn 23$922$922
Other expenses (24a–d)Ln 24$41K$41K$37
Total functional expensesLn 25$218K$163K$46K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $161K$218K−$57K$558K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $120K$205K−$84K$615K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $345K$227K$118K$699K 990 PDF
FY2021Filed with the IRS May 27, 2022 $371K$219K$151K$561K 990 PDF
FY2020Filed with the IRS Sep 16, 2021 $256K$167K$89K$409K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $161,096 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,294$85,823
I-9 Program service revenuePrior year $52,018$75,177
I-10 Investment incomePrior year $108$96
I-11 Other revenue$0
I-12 Total revenuePrior year $120,420$161,096
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,630$85,366
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,091$132,485
I-18 Total expensesPrior year $204,721$217,851
I-19 Revenue less expensesPrior year −$84,301−$56,755
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $161,096 across 6 lines filed
VIII-1e Government grants$55,337
VIII-1f All other contributions, gifts and grants$30,486
VIII-1h Total contributions, gifts and grants$85,823
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,177$75,177
VIII-3 Investment incomeExcluded from tax $96$96
VIII-12 Total revenueRelated to mission $75,177 · Excluded from tax $96$161,096
Part IX · Statement of functional expenses $217,851 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $34,666 · Management $6,067 · Fundraising $2,600$43,333
IX-7 Other salaries and wagesPrograms $27,380 · Management $4,791 · Fundraising $2,053$34,224
IX-10 Payroll taxesPrograms $6,247 · Management $1,093 · Fundraising $469$7,809
IX-11g Other fees for servicesPrograms $10,883 · Management $12,943$23,826
IX-12 Advertising and promotionPrograms $7,740 · Management $1,612$9,352
IX-13 Office expensesPrograms $1,620 · Management $1,545 · Fundraising $1,008$4,173
IX-16 OccupancyPrograms $19,704 · Management $3,222 · Fundraising $1,381$24,307
IX-17 TravelPrograms $28 · Management $168$196
IX-20 InterestManagement $11,455$11,455
IX-22 Depreciation, depletion and amortizationPrograms $13,760 · Management $2,408 · Fundraising $1,032$17,200
IX-23 InsuranceManagement $922$922
IX-24 Other expenses (24a–d)Programs $41,017 · Management $37$41,054
IX-25 Total functional expensesPrograms $163,045 · Management $46,263 · Fundraising $8,543$217,851
Part X · Balance sheet $865,235 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $473,802$380,822
X-4 Accounts receivableStart of year $18,296$19,852
X-9 Prepaid expenses and deferred charges$7,050
X-10c Land, buildings and equipment, netStart of year $427,751$450,261
X-11 Publicly traded securitiesStart of year $1,250$1,250
X-15 Other assetsStart of year $6,000$6,000
X-16 Total assetsStart of year $927,099$865,235
X-17 Accounts payable and accrued expensesStart of year $14,720$13,858
X-23 Secured mortgages and notes payableStart of year $286,266$282,805
X-25 Other liabilitiesStart of year $11,489$10,703
X-26 Total liabilitiesStart of year $312,475$307,366
X-27 Net assets without donor restrictionsStart of year $469,826$416,136
X-28 Net assets with donor restrictionsStart of year $144,798$141,733
X-32 Total net assets or fund balancesStart of year $614,624$557,869
X-33 Total liabilities and net assetsStart of year $927,099$865,235
Part XI · Reconciliation of net assets $557,869 net assets at year end
XI-1 Total revenue$161,096
XI-2 Total expenses$217,851
XI-3 Revenue less expenses−$56,755
XI-4 Net assets at start of year$614,624
XI-10 Net assets at end of year$557,869

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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