Heights Arts Collaborative INC

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

✓ Tax-deductible Latest data FY2025
Revenue
$653K
▲ +24% vs prior year
Spent
$508K
To programs
85%
Net assets
$376K

Form 990 for the fiscal year ending August 2025 (IRS tax year 2024).

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 — The@joseph and Florence Mandel Family Foundation-Michele M and
$95K in the latest grant year.
Spent on programs?
85% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +24% vs prior year
Legal name (IRS)Hdr · item CHeights Arts Collaborative INC
EINHdr · item D34-1962652
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2001
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCleveland Hts, OH
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jwww.heightsarts.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.13 Fundraising $0.03
Program services85%$430K
Management & general13%$64K
Fundraising3%$14K
Total functional expensesLn 25$508K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$653K
FY2025▲ +24%
Expenses
$508K
FY2025▲ +3%
Program efficiency
85%
of spending reaches programs▼ -0.8% vs prior filing year
Operating runway
6.9mo
months of highly liquid reserves at operating expense rate▲ +130% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +236% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$414K
FY2025▲ +34%
Total liabilities
$38K
FY2025▼ -52%
Revenue less expensesPt I · Ln 19$146K
Total assetsPt X · Ln 16$414K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$292K
Total assetsLn 16$414K
Total liabilitiesLn 26$38K
Total net assetsLn 32$376K
Months of cash on handcomputed6.9

Statement of Revenue

Part VIII
Contributions & grants$526K · 80%
Program service revenue$121K · 18%
Other revenue$7K · 1%
Contributions & grants80%$526K
Program service revenue18%$121K
Other revenue1%$7K
— government grantsLn 1e$154K
Total revenueLn 12$653K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $292K · Operating expenses/yr $508K
6.9 months
Where the money goes
Program services
Program services $430K · Total expenses $508K
85%
Management & General
Management & general $64K · Total expenses $508K
13%
Fundraising
Fundraising $14K · Total expenses $508K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $348K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $526K · Total revenue $653K
80%
Government reliance
Government grants $154K · Total revenue $653K
24%
Earned-income share
Program service revenue $121K · Total revenue $653K
18%
Investment reliance
Investment income $0 · Total revenue $653K
0%
Program self-sufficiency
Program service revenue $121K · Total expenses $508K
24%
Growth & trend
Revenue growth (YoY)
This year $653K · Prior year $528K
+24%
Revenue CAGR
FY2019 $360K · FY2024 $653K
+13%
Net-asset trend (YoY)
End of year $376K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $653K · Expenses $508K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $414K
—
Net-asset ratio
Net assets $376K · Total assets $414K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $414K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rachel Bernstein · Reported title EXECUTIVE DI · Highest reported compensation $56K · Total expenses $508K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $210K · Total expenses $508K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 13%——
Fundraising cost ratio 3%——
Revenue growth 24%——
Accounting fee ratio 15%——

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$55,769Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex- Officio
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Rachel Bernstein’s $56K as Executive Di is at the 50th percentile of top reported officer pay among 2216 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rachel Bernstein$55,769$57,858$52,903$61,348$53,333$54,000

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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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 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

Showcases and shares local literary, musical, and visual art with the community.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $430K of program spending, described in the organization's own filed words · FY2024.
01

To achieve its exempt purpose, the organization provides the following programs: 1) a gallery featuring art by regional artists; 2) classes and workshops for people of all ages; 3) public art and design projects to enhance the streetscape; 4) poetry outreach programs; 5) accessible concerts and events; 6) economic development through the…

$430Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$95K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $653K$508K+24% 990 PDF
FY2024 $528K$493K+25% 990 PDF
FY2023 $424K$422K+12% 990 PDF
FY2022 $379K$388K-18% 990 PDF
FY2021 $459K$375K+28% 990 PDF
FY2020 $360K$374K 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) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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