CLEVELAND ART ASSOCIATION

EIN: 346536232 501(c)(3) Arts, Culture & Humanities

Cleveland, OH

Total Revenue
$128,885
Total Expenses
$81,574
Total Assets
$1,069,256
Net Assets
$1,010,383
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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
OH
Principal Officer
Marc Jaffe
Phone
2162990835
Tax Period
2025-01-01 to 2025-12-31

CLEVELAND ART ASSOCIATION, founded in 1915, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $47K, a strong 37% operating margin.

Mission

The Cleveland Art Association (carta) was founded in 1915 to promote and support the visual arts in the Greater Cleveland community. It fulfills its mission in two major ways: First, carta owns a collection of more than 200 works of art by Cleveland area artists, which it makes available in an annual loan program to its members. Second, carta supports local art students by awarding annual tuition scholarships. These scholarships are funded with income from the Association's investment funds, through the sale of artwork from its collection as well as annual dues from its members.

Program Service Accomplishments

Program 1
Expenses: $53,000 Revenue: $0

Provide support to the Cleveland Institute of Art for the purpose of awarding scholarships to enrolled students. Provide an annual cash prize to an emerging artist from Greater Cleveland whose work...

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Provide support to the Cleveland Institute of Art for the purpose of awarding scholarships to enrolled students. Provide an annual cash prize to an emerging artist from Greater Cleveland whose work enters the collection during the current year.

Program 2
Expenses: $13,996 Revenue: $0

Purchase, display, maintain, circulate and sell works of art created by Cleveland area artists.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $64,213
Program Service Revenue $0
Investment Income $48,542
Other Revenue $16,130
TOTAL REVENUE $128,885

Expense Breakdown

Grants Paid $53,000
Salaries & Benefits $3,690
Fundraising Expenses $0
Program Expenses $66,996
Other Expenses $24,884
TOTAL EXPENSES $81,574

Year-over-Year Comparison

2025 2024 Change
Revenue $128,885 $150,890 -0.1%
Expenses $81,574 $116,650 -0.3%
Net Income $47,311 $34,240 +0.4%
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
17
Independent Members
17
Employees
N/A
Volunteers
25

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
4
$3,360
Total Directors
17
$3,360
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meg Weingart Director/Secretary 5
Officer Director
$3,360 $0 $3,360
Marc Jaffe Director/President 5
Officer Director
$0 $0 $0
Susan Weir Director/Vice President 5
Officer Director
$0 $0 $0
Thomas A Gilbride Director/Treasurer 5
Officer Director
$0 $0 $0
Anne Cole Director 0.5
Director
$0 $0 $0
Lauren Conway Director 0.5
Director
$0 $0 $0
Mity Fowler Director 0.5
Director
$0 $0 $0
Barbara French Director 0.5
Director
$0 $0 $0
Cynthia Gascoigne Director 5
Director
$0 $0 $0
Caitlin Hunter Director 0.5
Director
$0 $0 $0
Mary Beth Karakul Director 0.5
Director
$0 $0 $0
Kim Malcolm Director 0.5
Director
$0 $0 $0
Alexandra Neyman Director 0.5
Director
$0 $0 $0
Laura Ospanik Director 5
Director
$0 $0 $0
Robin Outcalt Director 0.5
Director
$0 $0 $0
Carina Reimers Director 0.5
Director
$0 $0 $0
Robin Ritz Director 0.5
Director
$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
2025 $128,885 $81,574 $1,069,256 $47,311
2024 $150,890 $116,650 $1,020,462 $34,240
2023 $91,274 $74,783 $985,953 $16,491
2022 $54,508 $85,140 $964,358 $-30,632
2021 $194,694 $60,880 $994,092 $133,814
2020 $56,532 $52,013 $854,675 $4,519
2019 $65,437 $66,490 $852,321 $-1,053
2018 $78,787 $70,241 $807,206 $8,546
2017 $58,367 $58,949 $792,510 $-582
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