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
80 cents of each dollar spent went to programs.
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
10 people listed on the 990; $67K paid to officers and key staff (Part VII, Section 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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
Your first name shows with your question. Waterloo Arts answers here, for everyone.
In 2020 Waterloo Arts was unable to present the annual Waterloo Arts Fest due to Covid 19. Instead, they began a community engagement project and gardening project that allowed participants to work outside and social distance while still staying connected.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this lineEducation and Community Programs
Waterloo Arts provides youth education classes that expose children to a wide variety of art forms and connect them to the Collinwood neighborhood. In the Round Robin program, students visit and work in multiple studios in the walkable Waterloo Arts District.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this lineThe gallery at Waterloo Arts showcases the work of local and national contemporary artists in 7-10 exhibits a year. In addition to solo and small group exhibits, the gallery has curated a number of themed shows, addressing topics such as, Trans* identity, violence against People of Color, vacancy, and depression.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0639943) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $79K | $223K |
| Land, buildings, equipmentLn 10c | $213K | $204K |
| Total assetsLn 16 | $368K | $489K |
| LiabilitiesLn 26 | $48K | $80K |
| Net assetsLn 32 | $320K | $409K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $44K | $33K | $9K | $2K |
| Payroll taxesLn 10 | $5K | $3K | $901 | $225 |
| Accounting feesLn 11c | $5K | $210 | $5K | $14 |
| Other fees for servicesLn 11g | $38K | $31K | $6K | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $3K | $1K | $1K | $945 |
| OccupancyLn 16 | $21K | $16K | $4K | $1K |
| TravelLn 17 | $80 | $80 | ||
| InterestLn 20 | $789 | $789 | ||
| InsuranceLn 23 | $2K | $1K | $388 | $97 |
| Other expenses (24a–d)Ln 24 | $45K | $45K | $569 | |
| Total functional expensesLn 25 | $167K | $134K | $22K | $11K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled 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 |
| FY2020 ViewingFiled with the IRS Sep 16, 2021 | $256K | $167K | $89K | $409K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $256,220 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $256,220 across 7 lines filed
Part IX · Statement of functional expenses $166,947 across 11 lines filed
Part X · Balance sheet $489,044 assets, 12 lines filed
Part XI · Reconciliation of net assets $409,057 net assets at year end
Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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