Summit Artspace EIN 34-1841587

Summit Artspace FY2022 filing

Not yet claimed Claim this org →

Connects local artists with space, programs, and resources to help them succeed creatively and professionally. For fiscal year 2022 it reported $348K in revenue, $355K in expenses, and $213K in net assets.Pt I

Founded
1991
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Akron, OH
Website
www.summitartspace.org
Filings
5 on file (2020–2022)
Revenue
$348KFY2022
Expenses
$355K
Net assets
$213K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1841587 Public charity (501(c)(3)) Akron, OH Founded 1991
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Summit Artspace claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Connects local artists with space, programs, and resources to help them succeed creatively and professionally.
Leadership
Heather Meeker · Executive Di · $68K
Money in and out
$348K revenue, $355K expenses
Bottom line
69% program efficiency
Where the money goes · FY2022
Total revenue
$348K
Pt VIII · Ln 12
Total expenses
$355K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.27 Fundraising $0.04
Program efficiency
69%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$348K
FY2022▲ +43%
Expenses
$355K
FY2022▲ +75%
Total assets
$254K
FY2022▼ -7%
Total liabilities
$41K
FY2022▼ -21%
Total revenue
$348K
Pt VIII · Ln 12
Total expenses
$355K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$254K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $245K of program spending, described in the organization's own filed words · FY2021.
01

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.

$98Kprogram expense
02

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.

$79Kprogram 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…

$68Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSummit Artspace
EINHdr · item D34-1841587
Principal addressHdr · item CAkron, OH
WebsiteHdr · item Jwww.summitartspace.org
Year of formationHdr · item L1991
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFMar 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$67,577Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Heather Meeker$70,452$68,466$66,842$67,577
Megann Eberhart Resigned$62,500
Kamelia Fisher$60,346
Natalie Grieshammer-Patrick$2,710

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.

See Summit Artspace executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$217K · 62%
Program service revenue$139K · 40%
Contributions & grants62%$217K
Program service revenue40%$139K
Investment income$16
— government grantsLn 1e$57K
Total revenueLn 12$348K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.27 Fundraising $0.04
Program services69%$245K
Management & general27%$97K
Fundraising4%$12K
Total functional expensesLn 25$355K

Balance Sheet

Part X · end of year
CashLn 1$84K
Total assetsLn 16$254K
Total liabilitiesLn 26$41K
Total net assetsLn 32$213K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses (Pt IX) $355K · Less non-cash grants $10K · Cash operating expenses/yr $344K
3.2 months
Where the money goes
Program services
Program services $245K · Total expenses $355K
69%
Management & General
Management & general $97K · Total expenses $355K
27%
Fundraising
Fundraising $12K · Total expenses $355K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $107K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $217K · Total revenue $348K
62%
Government reliance
Government grants $57K · Total revenue $348K
16%
Earned-income share
Program service revenue $139K · Total revenue $348K
40%
Investment reliance
Investment income $16 · Total revenue $348K
<0.01%
Program self-sufficiency
Program service revenue $139K · Total expenses $355K
39%
Growth & trend
Revenue growth (YoY)
This year $348K · Prior year $242K
+43%
Net-asset trend (YoY)
End of year $213K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $348K · Expenses $355K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $254K
Net-asset ratio
Net assets $213K · Total assets $254K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $7K · Total assets (Pt X, ln 16) $254K
3%
People & payroll
Highest Reported Total Compensation
Individual Heather Meeker · Reported title EXECUTIVE DI · Highest reported compensation $68K · Total expenses $355K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $167K · Total expenses $355K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 27%
Fundraising cost ratio 6%
Revenue growth 43%
Accounting fee ratio 3%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 15 grants · $323K · 2023–2024
Moore-DunsonFY2024$70,669
Akron Black Artist GuildFY2024$36,332
MakikisartFY2024$20,500
Clapp for ArtFY2024$8,095
Art X LoveFY2024$7,557
Akron Honey CompanyFY2024$7,050
Market Place ManagementFY2024$5,400
Inspiring CanvasesFY2024$5,020
MooredunsonFY2023$68,394
Akron Black Artist GuildOH · FY2023$34,489
WorkstudioFY2023$17,792
Inspiring CanvasesFY2023$15,437
Fuse MediumFY2023$11,600
Clapp for ArtFY2023$7,617
Wandering AestheticsFY2023$7,452

Similar Organizations

Closest in mission — by what they do
See all organizations like Summit Artspace →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$823K revenue · ⤓ 990 PDF
FY2023$360K revenue · ⤓ 990 PDF
FY2022$348K revenue · viewing · ⤓ 990 PDF
FY2021$242K revenue · ⤓ 990 PDF
FY2020$165K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.