Bayarts EIN 34-0978368 Form 990 (PDF) Claim this org

Bayarts FY2021 filing

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Nurtures artists of all ages through lakeside collaboration, education, and exhibitions. For fiscal year 2021 it reported $857K in revenue, $629K in expenses, and $1.4M in net assets.Pt I

Founded
1962
Type
Public charity (501(c)(3)) · Nonprofit
Location
Bay Village, OH
Website
www.bayarts.net
Filings
6 on file (2020–2021)
Revenue
$857KFY2021
Expenses
$629K
Net assets
$1.4M
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  34-0978368 Public charity (501(c)(3)) Bay Village, OH Founded 1962
Form 990 (PDF)
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Size
$100K–1M
What they do
Nurtures artists of all ages through lakeside collaboration, education, and exhibitions.
Leadership
Nancy Heaton · Executive Director · $72K
Money in and out
$857K revenue, $629K expenses
Bottom line
76% program efficiency
Where the money goes · FY2021
Total revenue
$857K
Pt VIII · Ln 12
Total expenses
$629K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $228K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.09 Fundraising $0.15
Program efficiency
76%
of spending reaches programs
Operating runway
8.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$857K
FY2021▲ +33%
Expenses
$629K
FY2021▲ +11%
Total assets
$1.5M
FY2021▲ +17%
Total liabilities
$81K
FY2021▼ -18%
Total revenue
$857K
Pt VIII · Ln 12
Total expenses
$629K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$228K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBayarts
EINHdr · item D34-0978368
Principal addressHdr · item CBay Village, OH
WebsiteHdr · item Jwww.bayarts.net
Year of formationHdr · item L1962
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$72,200Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Beth Milli$89,083
Nancy Heaton$78,250$79,750$74,550
Nancy Heaton$72,200$71,874

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $480K of program spending, described in the organization's own filed words · FY2021.
01

Community Engagement

BAYarts campus, located in Cleveland Metroparks Huntington Reservation and consists of 4 historically significant buildings and the Karen Ryel Ceramic Arts and Education Center, a state of the art ceramic studio.

$480Kprogram expense
02

Education Programming

In FYE June 30, 2020 over 4,800 students (from preschoolers to adults) took classes with a wait-list 600 potential students for various education programs. The expansion into the former playhouse will provide additional classrooms and flex space for education and other cultural programming.

Pt IX · col B
03

Artist Support

It is BAYarts mission to support regional artists by showcasing their work and helping them sell through various means. BAYarts has 3 galleries with rotating exhibitions; highlights include The Annual Juried Show with cash prizes, Annual Ceramic Show and Sale to feature BAYarts advanced student work and raise funds for the studio, Art…

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$489K · 57%
Contributions & grants$350K · 41%
Other revenue$16K · 2%
Program service revenue57%$489K
Contributions & grants41%$350K
Other revenue2%$16K
Investment income$2K
— government grantsLn 1e$155K
Total revenueLn 12$857K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.09 Fundraising $0.15
Program services76%$480K
Management & general9%$54K
Fundraising15%$95K
Total functional expensesLn 25$629K

Balance Sheet

Part X · end of year
CashLn 1$433K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$81K
Total net assetsLn 32$1.4M
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $446K · Operating expenses (Pt IX) $629K · Less non-cash grants $1K · Cash operating expenses/yr $627K
8.5 months
Where the money goes
Program services
Program services $480K · Total expenses $629K
76%
Management & General
Management & general $54K · Total expenses $629K
9%
Fundraising
Fundraising $95K · Total expenses $629K
15%
Cost to raise $1
Fundraising expense (2-yr avg) $93K · Solicited contributions (2-yr avg) $168K
$0.55 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $350K · Total revenue $857K
41%
Government reliance
Government grants $155K · Total revenue $857K
18%
Earned-income share
Program service revenue $489K · Total revenue $857K
57%
Investment reliance
Investment income $2K · Total revenue $857K
+0.3%
Program self-sufficiency
Program service revenue $489K · Total expenses $629K
78%
Growth & trend
Revenue growth (YoY)
This year $857K · Prior year $646K
+33%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $857K · Expenses $629K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $14K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
0.9%
People & payroll
Highest Reported Total Compensation
Individual Nancy Heaton · Reported title Executive Director · Highest reported compensation $72K · Total expenses $629K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $288K · Total expenses $629K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 9%
Fundraising cost ratio 27%
Revenue growth 33%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$950K revenue · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$962K revenue · ⤓ 990 PDF
FY2021$857K revenue · viewing · ⤓ 990 PDF
FY2020$646K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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