Connects local artists with space, programs, and resources to help them succeed creatively and professionally.
For fiscal year 2024 it reported $681K in revenue, $625K in expenses, and $468K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$681K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$468K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
71%
18%
Program services $0.71 Management & general $0.18 Fundraising $0.11
Program efficiency
71%
of spending reaches programs0% vs prior filing year
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate▲ +3% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -68% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$681K
FY2024▼ -17%
$823K$412K$0
FY2020FY2024
Expenses
$625K
FY2024▲ +3%
$625K$313K$0
FY2020FY2024
Total assets
$500K
FY2024▼ -5%
$525K$262K$0
FY2020FY2024
Total liabilities
$32K
FY2024▼ -40%
$81K$40K$0
FY2020FY2024
Total revenue
$681K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$468K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$500K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III
Where the work happens
3 program services account for $444K of program spending, described in the organization's own filed words · FY2024.
01
Programs to assist artists with wraparound care and professional skills are an important opportunity for summit artspace to implement the akron cultural plan across multiple priorities, including talent development.
$301Kprogram expense
02
Summit Artspace Is Home to Five Galleries
The taylor main gallery, intersections gallery, welcome gallery, horizons gallery and forum gallery. These galleries host over 25 exhibitions a year, featuring local artists and engaging thousands of visitors, both in-person and virtually.
$84Kprogram expense
03
Summit artspace is home to nearly 30 artists and artist-serving organizations for working studio space that allow artists to create work and engage with the public. The building, formally the headquarters of the akron beacon journal and the akron public library, is owned by the county of summit, which is a valued partner in ensuring free…
Heather Meeker’s $70K as Exec. Dir.,r
is at the 65th percentile of top reported officer pay among 2213 $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 · 4 named individuals · Part VII
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.
Individual Heather Meeker · Reported title EXEC. DIR.,R · Highest reported compensation $70K · Total expenses $625K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $221K · Total expenses $625K
35%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
71%
—
—
Overhead ratio
18%
—
—
Fundraising cost ratio
14%
—
—
Revenue growth
-17%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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