Artneo FY2022 filing

Solon, OH · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2022
Revenue
$49K
▼ -27% vs prior year
Spent
$48K
To programs
76%
Net assets
$810K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Vanguard Charitable Endowment Program
$25K in the latest grant year.
Spent on programs?
76% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -27% vs prior year
Legal name (IRS)Hdr · item CArtneo
EINHdr · item D34-1420133
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1984
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSolon, OH
NTEE classificationIRS BMFArts & Culture (A510)
WebsiteHdr · item Jwww.artneo.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.13 Fundraising $0.11
Program services76%$37K
Management & general13%$6K
Fundraising11%$5K
Total functional expensesLn 25$48K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$49K
FY2022▼ -27%
Expenses
$48K
FY2022▼ -55%
Program efficiency
76%
of spending reaches programs
Operating runway
17.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$846K
FY2022▲ +2%
Total liabilities
$36K
FY2022▲ +48%
Revenue less expensesPt I · Ln 19$595
Total assetsPt X · Ln 16$846K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$69K
Total assetsLn 16$846K
Total liabilitiesLn 26$36K
Total net assetsLn 32$810K
Months of cash on handcomputed17.2

Statement of Revenue

Part VIII
Contributions & grants$35K · 72%
Program service revenue$13K · 28%
Contributions & grants72%$35K
Program service revenue28%$13K
Total revenueLn 12$49K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $69K · Operating expenses/yr $48K
17.2 months
Where the money goes
Program services
Program services $37K · Total expenses $48K
76%
Management & General
Management & general $6K · Total expenses $48K
13%
Fundraising
Fundraising $5K · Total expenses $48K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $40K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $35K · Total revenue $49K
72%
Government reliance
Government grants — · Total revenue $49K
—
Earned-income share
Program service revenue $13K · Total revenue $49K
28%
Investment reliance
Investment income $0 · Total revenue $49K
0%
Program self-sufficiency
Program service revenue $13K · Total expenses $48K
28%
Growth & trend
Revenue growth (YoY)
This year $49K · Prior year $67K
-27%
Net-asset trend (YoY)
End of year $810K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $49K · Expenses $48K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $846K
—
Net-asset ratio
Net assets $810K · Total assets $846K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $846K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel Bush · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $48K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $48K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 13%——
Fundraising cost ratio 15%——
Revenue growth -27%——
Accounting fee ratio 2%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Artneo executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Preserves, researches, collects, and exhibits significant visual art from Northeast Ohio.

Provided by the organization

This section is blank until Artneo claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $37K of program spending, described in the organization's own filed words · FY2022.
01

Collection, preservation and exhibition of works of art produced by northeast ohio artists.

$37Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$25K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $12K$35K-77% 990 PDF
FY2023 $51K$59K+5% 990 PDF
FY2022 Viewing $49K$48K-27% 990 PDF
FY2021 $67K$106K+97% 990 PDF
FY2020 $34K$38K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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