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

Bayarts FY2022 filing

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Nurtures artists of all ages through lakeside collaboration, education, and exhibitions. For fiscal year 2022 it reported $962K in revenue, $732K in expenses, and $1.6M 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 (2020–2022)
Revenue
$962KFY2022
Expenses
$732K
Net assets
$1.6M
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  34-0978368 Public charity (501(c)(3)) Bay Village, OH Founded 1962
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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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 Di · $75K
Money in and out
$962K revenue, $732K expenses
Bottom line
78% program efficiency
Where the money goes · FY2022
Total revenue
$962K
Pt VIII · Ln 12
Total expenses
$732K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $230K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.08 Fundraising $0.14
Program efficiency
78%
of spending reaches programs
Operating runway
11.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$962K
FY2022▲ +12%
Expenses
$732K
FY2022▲ +16%
Total assets
$1.7M
FY2022▲ +14%
Total liabilities
$48K
FY2022▼ -41%
Total revenue
$962K
Pt VIII · Ln 12
Total expenses
$732K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$230K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $570K of program spending, described in the organization's own filed words · FY2022.
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.

$570Kprogram 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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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 Di
$74,550Pt VII · Sec A
Operations D
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Bord 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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Statement of Revenue

Part VIII
Program service revenue$553K · 57%
Contributions & grants$343K · 36%
Other revenue$66K · 7%
Program service revenue57%$553K
Contributions & grants36%$343K
Other revenue7%$66K
— government grantsLn 1e$73K
Total revenueLn 12$962K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.08 Fundraising $0.14
Program services78%$570K
Management & general8%$58K
Fundraising14%$104K
Total functional expensesLn 25$732K

Balance Sheet

Part X · end of year
CashLn 1$671K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$48K
Total net assetsLn 32$1.6M
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $684K · Operating expenses (Pt IX) $732K · Less non-cash grants $5K · Cash operating expenses/yr $727K
11.3 months
Where the money goes
Program services
Program services $570K · Total expenses $732K
78%
Management & General
Management & general $58K · Total expenses $732K
8%
Fundraising
Fundraising $104K · Total expenses $732K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $97K · Solicited contributions (3-yr avg) $202K
$0.48 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $343K · Total revenue $962K
36%
Government reliance
Government grants $73K · Total revenue $962K
8%
Earned-income share
Program service revenue $553K · Total revenue $962K
57%
Investment reliance
Investment income $-355 · Total revenue $962K
-0.04%
Program self-sufficiency
Program service revenue $553K · Total expenses $732K
76%
Growth & trend
Revenue growth (YoY)
This year $962K · Prior year $857K
+12%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $962K · Expenses $732K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.6M · Total assets $1.7M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $13K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
0.8%
People & payroll
Highest Reported Total Compensation
Individual Nancy Heaton · Reported title EXECUTIVE DI · Highest reported compensation $75K · Total expenses $732K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $732K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 8%
Fundraising cost ratio 30%
Revenue growth 12%
Accounting fee ratio 0.7%

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 · viewing · ⤓ 990 PDF
FY2021$857K revenue · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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