Artsnow EIN 47-5513742 Form 990 (PDF) Claim this org

Artsnow FY2024 filing

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Promotes and connects Summit County's arts and culture, making them accessible and impactful for everyone. For fiscal year 2024 it reported $850K in revenue, $953K in expenses, and $531K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Akron, OH
Website
www.artsnow.org
Filings
5 on file (2021–2024)
Revenue
$850KFY2024
Expenses
$953K
Net assets
$531K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5513742 Public charity (501(c)(3)) Akron, OH
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Promotes and connects Summit County's arts and culture, making them accessible and impactful for everyone.
Leadership
Nicole Mullet · Executive Di · $145K
Money in and out
$850K revenue, $953K expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$850K
Pt VIII · Ln 12
Total expenses
$953K
Pt IX · Ln 25
Net assets
$531K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$104K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program efficiency
90%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$850K
FY2024▼ -2%
Expenses
$953K
FY2024▲ +45%
Total assets
$712K
FY2024▼ -11%
Total liabilities
$182K
FY2024▲ +7%
Total revenue
$850K
Pt VIII · Ln 12
Total expenses
$953K
Pt IX · Ln 25
Net assets
$531K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$104K
Total assetsPt X · Ln 16$712K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $860K of program spending, described in the organization's own filed words · FY2023.
01

1. Providing access to arts & culture information in FY2024, artsnow expanded its efforts to connect summit county residents with the diverse arts and culture offerings available in the region.

$860Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArtsnow
EINHdr · item D47-5513742
Principal addressHdr · item CAkron, OH
WebsiteHdr · item Jwww.artsnow.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A40)
Ruling yearIRS BMFOct 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 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 (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$144,993Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Nicole Mullet’s $152K as Executive Director is at the 67th percentile of top reported officer pay among 3916 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nicole Mullet$151,816$144,993$104,085$88,469$93,076
Leila Griffiths$670

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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Statement of Revenue

Part VIII
Contributions & grants$814K · 96%
Program service revenue$18K · 2%
Investment income$18K · 2%
Contributions & grants96%$814K
Program service revenue2%$18K
Investment income2%$18K
— government grantsLn 1e$814K
Total revenueLn 12$850K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program services90%$860K
Management & general6%$59K
Fundraising4%$34K
Total functional expensesLn 25$953K

Balance Sheet

Part X · end of year
CashLn 1$539K
Total assetsLn 16$712K
Total liabilitiesLn 26$182K
Total net assetsLn 32$531K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $539K · Operating expenses/yr $953K
6.8 months
Where the money goes
Program services
Program services $860K · Total expenses $953K
90%
Management & General
Management & general $59K · Total expenses $953K
6%
Fundraising
Fundraising $34K · Total expenses $953K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $91K · Solicited contributions (3-yr avg) $411K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $814K · Total revenue $850K
96%
Government reliance
Government grants $814K · Total revenue $850K
96%
Earned-income share
Program service revenue $18K · Total revenue $850K
2%
Investment reliance
Investment income $18K · Total revenue $850K
+2%
Program self-sufficiency
Program service revenue $18K · Total expenses $953K
2%
Growth & trend
Revenue growth (YoY)
This year $850K · Prior year $871K
-2%
Net-asset trend (YoY)
End of year $531K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $850K · Expenses $953K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $712K
Net-asset ratio
Net assets $531K · Total assets $712K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $712K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicole Mullet · Reported title EXECUTIVE DI · Highest reported compensation $145K · Total expenses $953K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $253K · Total expenses $953K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 4%
Revenue growth -2%
Accounting fee ratio 4%

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 · FY2024
Total grants receivedfrom 2 funders$59K
Grants paid · 60 grants · $1.4M · 2020–2024
Summit ArtspaceOH · FY2024$143,855
City of GreenFY2024$50,000
Tuesday Musical AssociationOH · FY2024$39,999
The Movement Project INCOH · FY2024$38,000
Summit Choral Society INCOH · FY2024$26,500
Cuyahoga Valley Art CenterOH · FY2024$25,000
City of StowFY2024$25,000
Cuyahoga Valley Youth BalletOH · FY2024$25,000
Main Street Barberton INCOH · FY2024$20,000
Christ Community ChapelOH · FY2024$18,600
Akron Makerspace INCOH · FY2024$15,980
Community Hall FoundationOH · FY2024$15,500
South Street Ministries INCOH · FY2024$15,000
See all 60 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2024$850K revenue · viewing · ⤓ 990 PDF
FY2023$871K revenue · ⤓ 990 PDF
FY2022$439K revenue · ⤓ 990 PDF
FY2021$856K revenue · ⤓ 990 PDF

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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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