Art Resources Transformations EIN 83-3743218

Art Resources Transformations FY2022 filing

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Activates underused Akron spaces with art installations, events, and exhibits for diverse audiences. For fiscal year 2022 it reported $803K in revenue, $809K in expenses, and $1.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Akron, OH
Website
www.curatedstorefront.com
Filings
5 on file (2020–2022)
Revenue
$803KFY2022
Expenses
$809K
Net assets
$1.0M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-3743218 Public charity (501(c)(3)) Akron, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Activates underused Akron spaces with art installations, events, and exhibits for diverse audiences.
Leadership
Richard Rogers · Executive Di
Money in and out
$803K revenue, $809K expenses
Bottom line
75% program efficiency
Where the money goes · FY2022
Total revenue
$803K
Pt VIII · Ln 12
Total expenses
$809K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.09 Fundraising $0.16
Program efficiency
75%
of spending reaches programs
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$803K
FY2022▲ +26%
Expenses
$809K
FY2022▲ +51%
Total assets
$1.0M
FY2022▼ -0.7%
Total liabilities
$1K
FY2022▼ -37%
Total revenue
$803K
Pt VIII · Ln 12
Total expenses
$809K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $609K of program spending, described in the organization's own filed words · FY2022.
01

Curated Storefront Program

Curated storefront is a series ongoing exhibitions that activate unused storefronts into multimedia art installations throughout downtown akron, ohio.

$562Kprogram expense
02

Avant Garden Studio Program

Avant garden offers studio spaces to artists at below market rates in akron, ohio.

$47Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArt Resources Transformations
EINHdr · item D83-3743218
Principal addressHdr · item CAkron, OH
WebsiteHdr · item Jwww.curatedstorefront.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
President
$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
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Statement of Revenue

Part VIII
Contributions & grants$782K · 97%
Program service revenue$20K · 3%
Contributions & grants97%$782K
Program service revenue3%$20K
Investment income$333
— government grantsLn 1e$65K
Total revenueLn 12$803K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.09 Fundraising $0.16
Program services75%$609K
Management & general9%$73K
Fundraising16%$127K
Total functional expensesLn 25$809K

Balance Sheet

Part X · end of year
CashLn 1$435K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$1K
Total net assetsLn 32$1.0M
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $435K · Operating expenses/yr $809K
6.4 months
Where the money goes
Program services
Program services $609K · Total expenses $809K
75%
Management & General
Management & general $73K · Total expenses $809K
9%
Fundraising
Fundraising $127K · Total expenses $809K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $85K · Solicited contributions (3-yr avg) $854K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $782K · Total revenue $803K
97%
Government reliance
Government grants $65K · Total revenue $803K
8%
Earned-income share
Program service revenue $20K · Total revenue $803K
3%
Investment reliance
Investment income $333 · Total revenue $803K
+0.04%
Program self-sufficiency
Program service revenue $20K · Total expenses $809K
2%
Growth & trend
Revenue growth (YoY)
This year $803K · Prior year $636K
+26%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $803K · Expenses $809K
-0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Rogers · Reported title EXECUTIVE DI · Highest reported compensation $0 · Total expenses $809K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $164K · Total expenses $809K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 9%
Fundraising cost ratio 16%
Revenue growth 26%
Legal fee ratio 0.02%
Accounting fee ratio 0.6%

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 · funders on record
Grants received · FY2025

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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
FY2024 (Latest)$990K revenue · ⤓ 990 PDF
FY2023$768K revenue · ⤓ 990 PDF
FY2022$803K revenue · viewing · ⤓ 990 PDF
FY2021$636K revenue · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

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Sources

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