Connects local artists with space, programs, and resources to help them succeed creatively and professionally.
For fiscal year 2021 it reported $242K in revenue, $203K in expenses, and $221K in net assets.Pt I
Where the money goes · FY2021
Total revenue
$242K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $39K
Where spending went · Part IX cols B–D
64%
30%
Program services $0.64 Management & general $0.30 Fundraising $0.06
Program efficiency
64%
of spending reaches programs
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2021 · Form 990
Revenue
$242K
FY2021▲ +47%
$823K$412K$0
FY2020FY2024
Expenses
$203K
FY2021▲ +1%
$625K$313K$0
FY2020FY2024
Total assets
$273K
FY2021▲ +5%
$525K$262K$0
FY2020FY2024
Total liabilities
$52K
FY2021▼ -36%
$81K$40K$0
FY2020FY2024
Total revenue
$242K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$273K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III
Where the work happens
3 program services account for $131K of program spending, described in the organization's own filed words · FY2020.
01
Summit artspace is home to the main gallery, transition gallery, welcome gallery, 3GGALLERY and 2ND floor gallery. These five galleries host over 25 exhibitions a year, featuring local artists and engaging thousands of visitors, both in-person and virtually.
$69Kprogram expense
02
As a community arts center 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.
$50Kprogram expense
03
Programs to assist creatives along their journey are an important component to summit artspace's mission. The signature offering is artist as an entrepreneur institute (aei) that provides business skill building sessions from local content experts to train creatives for self-sufficiency.
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 Megann Eberhart Resigned · Reported title INTERIM EXEC · Highest reported compensation $62K · Total expenses $203K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $203K
48%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
64%
—
—
Overhead ratio
30%
—
—
Fundraising cost ratio
7%
—
—
Revenue growth
47%
—
—
Accounting fee ratio
5%
—
—
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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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