THE MORGAN ART OF PAPERMAKING CONSERVATION AND EDUCATION FNDTN

EIN: 208449572 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$722,425
Total Expenses
$578,140
Total Assets
$3,383,465
Net Assets
$3,369,711
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Financial Trends

Organization Details

Formation Year
2006
Principal Officer
NICOLE DONNELLY
Phone
2163619255
Tax Period
2023-01-01 to 2023-12-31

THE MORGAN ART OF PAPERMAKING CONSERVATION AND EDUCATION FNDTN, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $722K in total revenue in fiscal year 2023. Revenue surged 881% from the prior year, signaling strong growth momentum. The organization ran a surplus of $144K, a strong 20% operating margin.

Mission

A NON-PROFIT ART CENTER DEDICATED TO THE PRODUCTION AND PRESERVATION OF HAND PAPERMAKING AND THE ART OF THE BOOK. THE MORGAN PURSUES ITS EDUCATIONAL AND CHARITABLE PURPOSES BY CONDUCTING WORKSHOP, EXHIBITIONS AND TOURS.

Program Service Accomplishments

Program 1
Expenses: $443,957

THE MORGAN ART OF PAPERMAKING CONSERVATORY AND EDUCATIONAL FOUNDATION IS A NON-PROFIT ART CENTER DEDICATED TO PRODUCING AND PRESERVING HAND PAPERMAKING AND THE ART OF THE BOOK. THE MORGAN PURSUES ITS...

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THE MORGAN ART OF PAPERMAKING CONSERVATORY AND EDUCATIONAL FOUNDATION IS A NON-PROFIT ART CENTER DEDICATED TO PRODUCING AND PRESERVING HAND PAPERMAKING AND THE ART OF THE BOOK. THE MORGAN PURSUES ITS EDUCATIONAL AND CHARITABLE PURPOSES BY CONDUCTING WORKSHOPS, EXHIBITIONS, AND TOURS. 15 ARTISTS PARTICIPATED IN OPEN STUDIO, AND WE HOSTED 12 LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL ARTISTS-IN-RESIDENCE. THE MORGAN RECEIVED WELL OVER 800 HRS OF VOLUNTEER SERVICES FROM OVER 50 VOLUNTEERS. OUR GALLERY PRESENTED FIVE FREE CURATED EXHIBITIONS, WHICH INCLUDED THE NATIONAL JURIED SHOW WHICH GARNERED OVER 120 LOCAL AND NATIONAL ENTRIES. WE PROVIDED NEARLY 130 ARTISTS WITH THE OPPORTUNITY TO EXHIBIT WITH POTENTIAL SALES OF ARTWORK. TOTAL ATTENDANCE (AGE RANGE 0 - 80+) AT THE EXHIBITIONS WAS MORE THAN 800 INDIVIDUALS. ALL EXHIBITIONS INCLUDED AN ARTIST TALK, FREE AND OPEN TO THE PUBLIC, AND 10 ADDITIONAL LECTURES WERE PRESENTED BY ARTISTS- IN-RESIDENCE, ATTENDED BY 130 INDIVIDUALS OF ALL AGES. ALL EXHIBITIONS FURTHERED THE MORGANS MISSION TO BRING THE ART OF HANDMADE PAPER, PRINT, AND BOOK TO THE PUBLIC TO EDUCATE AND PROVIDE CULTURAL DIVERSITY AND ENRICHMENT TO THE LOCAL COMMUNITY. THERE WERE NEARLY 2100 VISITORS IN 2023. APPROXIMATELY 40% WERE SENIORS, 20% WERE CHILDREN, AND 40% WERE ADULTS. IN 2023, THE MORGAN OFFERED THE PUBLIC 40 WORKSHOPS IN HAND PAPERMAKING, PRINT, BOOK, AND PAPER ARTS. WORKSHOPS, VIRTUAL AND ON-SITE, WERE ATTENDED BY 171 INDIVIDUALS NATIONWIDE. INTERNS AND VOLUNTEERS (MAJORITY COLLEGE STUDENTS) CAN SERVE AS ASSISTANTS IN THE WORKSHOPS OR PARTICIPATE FOR A MINIMAL MATERIALS FEE. TEN EMPLOYEES AND CONTRACT WORKERS WERE AFFORDED THE OPPORTUNITY TO LEARN PAPERMAKING, LETTERPRESS, FINE PRINTING, BOOK AND PAPER ARTS. TWENTY FIVE CUSTOM WORKSHOPS ON- AND OFF-SITE WERE HELD FOR OVER 600 K-12 AND COLLEGE STUDENTS, COVERING HAND PAPERMAKING, PRINT, BOOK, AND PAPER ARTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $259,121
Program Service Revenue $115,595
Investment Income $342,518
Other Revenue $5,191
TOTAL REVENUE $722,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,092
Fundraising Expenses $51,336
Program Expenses $443,957
Other Expenses $259,048
TOTAL EXPENSES $578,140

Year-over-Year Comparison

2023 2022 Change
Revenue $722,425 $73,619 +8.8%
Expenses $578,140 $544,896 +0.1%
Net Income $144,285 $-471,277 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
18
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$75,712
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE DONNELLY EXECUTIVE DI 40.00
Officer
$75,712 $0 $75,712
MARGARET DENK-LEIGH PRESIDENT 6.00
Officer Director
$0 $0 $0
JANICE DRIESBACH SECRETARY 6.00
Officer Director
$0 $0 $0
JAMES GRUZOSKY TREASURER 6.00
Officer Director
$0 $0 $0
FRANKLIN HICKMAN VICE PRESIDE 6.00
Officer Director
$0 $0 $0
JEAN E APPLEBY DIRECTOR 3.00
$0 $0 $0
DEBORAH HOWE DIRECTOR 3.00
$0 $0 $0
MP MARION DIRECTOR 3.00
$0 $0 $0
JULIE MCLAUGHLIN DIRECTOR 3.00
$0 $0 $0
ANTHONY TRAUSCH DIRECTOR 3.00
$0 $0 $0
TONY WILLIAMS DIRECTOR 3.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $722,425 $578,140 $3,383,465 $144,285
2022 $73,619 $544,896 $3,318,027 $-471,277
2022 $73,619 $544,896 $3,318,027 $-471,277
2021 $449,660 $440,335 $3,784,892 $9,325
2020 $272,576 $384,709 $3,515,823 $-112,133
2019 $442,348 $568,471 $3,579,294 $-126,123
2018 $303,962 $525,945 $3,337,322 $-221,983
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