STRATEGY STUDIO / PUBLIC DATA EXPLORER

CLEVELAND ARTS PRIZE: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
CLEVELAND ARTS PRIZE (EIN 01-0627754)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-04-07
IRS object ID
202610979349300516
Schema version
2025v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-04-07T09:38:54-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371444752PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BEATREZ & COMPANY CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line128018 TERRACE DRAddressLine1Txt
CityNORTH OLMSTEDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP440704964ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010627754EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLEVELAND ARTS PRIZEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLEVBusinessNameControlTxt
Phone2163210012PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 21126AddressLine1Txt
CitySOUTH EUCLIDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44121ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEFTIHIA TSENGASPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2163210012PhoneNum
Signature2026-04-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHILARY FRANK BEATREZ CPAPreparerPersonNm
PTINP00240357PTIN
Phone4406681270PhoneNum
Preparation2026-04-03PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerEFTIHIA TSENGASPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 21126AddressLine1Txt
CitySOUTH EUCLIDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44121ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$413,853GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressCLEVELANDARTSPRIZE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionTHE CLEVELAND ARTS PRIZE IDENTIFIES, REWARDS, PUBLICLY HONORS AND PROMOTES THOSE CREATIVE ARTISTS WHOSE ORIGINAL WORK AND ACCOMPLISHMENTS HAVE SET A STANDARD OF EXCELLENCE TO WHICH OTHER ARTISTS CAN ASPIRE. ADDITIONALLY, THE CLEVELAND ARTS PRIZE RECOGNIZES THE CONTRIBUTIONS OF INDIVIDUALS AND ORGANIZATIONS THAT HAVE EXPANDED THE COMMUNITY'S PARTICIPATION IN THE ARTS AND HELPED MAKE THE REGION MORE HOSPITABLE TO CREATIVE ARTISTIC EXPRESSION.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$290,710PYContributionsGrantsAmt
CY Contributions Grants$367,088CYContributionsGrantsAmt
PY Program Service Revenue$58,666PYProgramServiceRevenueAmt
CY Program Service Revenue$41,745CYProgramServiceRevenueAmt
PY Investment Income$811PYInvestmentIncomeAmt
CY Investment Income$5,020CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$350,187PYTotalRevenueAmt
CY Total Revenue$413,853CYTotalRevenueAmt
PY Grants And Similar Paid$47,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$57,000CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$103,673PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$120,923CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$35,944CYTotalFundraisingExpenseAmt
PY Other Expenses$95,974PYOtherExpensesAmt
CY Other Expenses$118,685CYOtherExpensesAmt
PY Total Expenses$246,647PYTotalExpensesAmt
CY Total Expenses$296,608CYTotalExpensesAmt
PY Revenues Less Expenses$103,540PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$117,245CYRevenuesLessExpensesAmt
Total Assets BOY$715,225TotalAssetsBOYAmt
Total Assets EOY$865,837TotalAssetsEOYAmt
Total Liabilities BOY$30,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$23,194TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$685,225NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$842,643NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CLEVELAND ARTS PRIZE IDENTIFIES, REWARDS, PUBLICLY HONORS AND PROMOTES THOSE CREATIVE ARTISTS WHOSE ORIGINAL WORK AND ACCOMPLISHMENTS HAVE SET A STANDARD OF EXCELLENCE TO WHICH OTHER ARTISTS CAN ASPIRE. ADDITIONALLY, THE CLEVELAND ARTS PRIZE RECOGNIZES THE CONTRIBUTIONS OF INDIVIDUALS AND ORGANIZATIONS THAT HAVE EXPANDED THE COMMUNITY'S PARTICIPATION IN THE ARTS AND HELPED MAKE THE REGION MORE HOSPITABLE TO CREATIVE ARTISTIC EXPRESSION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$202,014ExpenseAmt
Grant$57,000GrantAmt
DescCLEVELAND ARTS PRIZE ("CAP") CONTINUES TO DEEPEN ITS IMPACT ON THE REGION'S ARTS AND CULTURE COMMUNITY THROUGH MEANINGFUL PROGRAMMING, GENEROUS SUPPORT FOR ARTISTS, AND COMMUNITY ENGAGEMENT. CAP HOSTED ITS 64TH ANNUAL AWARDS EVENT ON OCTOBER 24, 2024, AT CUYAHOGA COMMUNITY COLLEGE'S EAST CAMPUS, RECOGNIZING OUTSTANDING ACHIEVEMENT IN THE ARTS. CAP AWARDED THREE UNRESTRICTED 10,000 PRIZES TO ARTISTS IN THE EMERGING, MID-CAREER, AND LIFETIME ACHIEVEMENT CATEGORIES ACROSS VARIOUS ARTISTIC DISCIPLINES. IN ADDITION, FIVE 2,000 VERGE FELLOWSHIPS WILL BE AWARDED TO PRE-EMERGING ARTISTS IN CUYAHOGA COUNTY, OFFERING BOTH FINANCIAL SUPPORT AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. CAP ALSO CONTINUES TO INVEST IN THE FUTURE OF THE ARTS BY AWARDING SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS THROUGH PARTNERSHIPS WITH AREA SCHOOLS. IN ITS COMMITMENT TO CONVENING AND CONNECTING THE ARTS COMMUNITY, CAP HAS INTRODUCED A NEW SERIES OF TOURS OF PERFORMING ARTS VENUES, OFFERING OPPORTUNITIES FOR CAP SUPPORTERS, TRUSTEES, AND THE PUBLIC TO ENGAGE DIRECTLY WITH LOCAL ARTISTIC DIRECTORS AND PERFORMERS WHO ARE CLEVELAND ARTS PRIZE WINNERS. THIS INITIATIVE HAS STRENGTHENED TIES ACROSS DISCIPLINES AND CREATED PLATFORMS FOR DYNAMIC CONVERSATION AND COLLABORATION. CAP'S REACH AND INFLUENCE HAVE EXPANDED THROUGH STRATEGIC BOARD DEVELOPMENT, GROWING THE BOARD OF TRUSTEES TO 25 MEMBERS, BRINGING NEW PERSPECTIVES AND RESOURCES TO THE ORGANIZATION. AS CAP LOOKS AHEAD, IT REMAINS DEDICATED TO HONORING THE REGION'S MOST ACCOMPLISHED ARTISTS, UPLIFTING THE NEXT GENERATION OF CREATIVES, AND ENHANCING CULTURAL VIBRANCY ACROSS NORTHEAST OHIO.Desc
Total Program Service Expenses$202,014TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonERIN JESSONPersonNm
Phone2163210012PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 21126AddressLine1Txt
CitySOUTH EUCLIDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44121ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
EFTIHIA TSENGAS
EXECUTIVE DI40.00Yes (X)$58,000$0$0
KATIE ALTADONNA
TRUSTEE1.00$0$0$0Yes (X)
ELLEN BATTLE
TRUSTEE1.00$0$0$0Yes (X)
BRIAN CAINE
TRUSTEE1.00$0$0$0Yes (X)
BARBARA FAZIO
TRUSTEE1.00$0$0$0Yes (X)
KATHY FUTEY
TREASURER2.00Yes (X)$0$0$0Yes (X)
DEBORAH GLOSSERMAN
SECRETARY1.00Yes (X)$0$0$0Yes (X)
LILLI HARRIS
TRUSTEE1.00$0$0$0Yes (X)
RODERICK INGRAM
TRUSTEE1.00$0$0$0Yes (X)
KURT KARAKUL
BOARD CO-CHA2.00Yes (X)$0$0$0Yes (X)
CINDY KATZENNMEYER
TRUSTEE1.00$0$0$0Yes (X)
CAROL MALONE
TRUSTEE1.00$0$0$0Yes (X)
KELLY MASTERS
TRUSTEE1.00$0$0$0Yes (X)
TODD MESEK
TRUSTEE1.00$0$0$0Yes (X)
DENISE POLVERINE
TRUSTEE1.00$0$0$0Yes (X)
SANGEETA PRAKASH
VICE CHAIR1.00Yes (X)$0$0$0Yes (X)
MARTIN RUEBEN
TRUSTEE1.00$0$0$0Yes (X)
CHARNA SHERMAN
TRUSTEE1.00$0$0$0Yes (X)
BRIAN SOKOL
TRUSTEE1.00$0$0$0Yes (X)
MICHAEL WEIL
TRUSTEE1.00$0$0$0Yes (X)
H SCOTT WESTOVER
TRUSTEE1.00$0$0$0Yes (X)
SUSAN PALEY ZAK
TRUSTEE1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$58,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$9,760GovernmentGrantsAmt
All Other Contributions$357,328AllOtherContributionsAmt
Noncash Contributions$7,125NoncashContributionsAmt
Total Contributions$367,088TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescAWARDS EVENTDesc
Business711300BusinessCd
Total Revenue Column$41,745TotalRevenueColumnAmt
Related Or Exempt Func Income$41,745RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$41,745TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,020TotalRevenueColumnAmt
Exclusion$5,020ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$413,853TotalRevenueColumnAmt
Related Or Exempt Func Income$41,745RelatedOrExemptFuncIncomeAmt
Exclusion$5,020ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$57,000TotalAmt
Program Services$57,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$58,000TotalAmt
Program Services$17,400ProgramServicesAmt
Management And General$11,600ManagementAndGeneralAmt
Fundraising$29,000FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$55,280TotalAmt
Program Services$27,640ProgramServicesAmt
Management And General$27,640ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,643TotalAmt
Program Services$3,329ProgramServicesAmt
Management And General$3,083ManagementAndGeneralAmt
Fundraising$1,231FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,444TotalAmt
Management And General$6,444ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,881TotalAmt
Program Services$5,881ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,275TotalAmt
Program Services$2,775ProgramServicesAmt
Management And General$500ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,615TotalAmt
Program Services$6,242ProgramServicesAmt
Management And General$4,701ManagementAndGeneralAmt
Fundraising$5,672FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$162TotalAmt
Program Services$64ProgramServicesAmt
Management And General$57ManagementAndGeneralAmt
Fundraising$41FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,836TotalAmt
Management And General$1,836ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EVENT EXPENSES$81,683$81,683
MISCELLANEOUS$2,789$2,789

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$296,608TotalAmt
Program Services$202,014ProgramServicesAmt
Management And General$58,650ManagementAndGeneralAmt
Fundraising$35,944FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$69,508BOYAmt
EOY$47,707EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$80,199BOYAmt
EOY$127,647EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,000BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$500EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,089LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$162LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$1,927EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$540,518BOYAmt
EOY$688,056EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$715,225BOYAmt
EOY$865,837EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$1,098EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$30,000BOYAmt
EOY$10,000EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$12,096EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$30,000BOYAmt
EOY$23,194EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$87,542BOYAmt
EOY$160,549EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$597,683BOYAmt
EOY$682,094EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$685,225BOYAmt
EOY$842,643EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$715,225BOYAmt
EOY$865,837EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$117,245ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$40,173NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,262CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$102,768CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$204,401CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$290,710CurrentTaxYearMinus1YearAmt
Current Tax Year$367,088CurrentTaxYearAmt
Total$966,229TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,262CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$102,768CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$204,401CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$290,710CurrentTaxYearMinus1YearAmt
Current Tax Year$367,088CurrentTaxYearAmt
Total$966,229TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$195,426SubstantialContributorsTotAmt
Public Support Total170$770,803PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$32CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$811CurrentTaxYearMinus1YearAmt
Current Tax Year$5,020CurrentTaxYearAmt
Total$5,897TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$52,501CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,880CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,770CurrentTaxYearMinus1YearAmt
Total$61,151TotalAmt
FieldValueIRS element (for citing)
Total Support$1,033,277TotalSupportAmt
Gross Receipts Rltd Activities$175,430GrossReceiptsRltdActivitiesAmt
Public Support CY1700.74600PublicSupportCY170Pct
Public Support PY1700.75850PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$540,418BeginningYearBalanceAmt
Contributions$108,065ContributionsAmt
Investment Earnings Or Losses$76,079InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$31,092GrantsOrScholarshipsAmt
Administrative Expenses-$5,514AdministrativeExpensesAmt
End Year Balance$688,056EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$498,453BeginningYearBalanceAmt
Contributions$3,082ContributionsAmt
Investment Earnings Or Losses$47,367InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$29,153GrantsOrScholarshipsAmt
Administrative Expenses-$8,384AdministrativeExpensesAmt
End Year Balance$540,518EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$506,320BeginningYearBalanceAmt
Contributions$3,031ContributionsAmt
Investment Earnings Or Losses$71,128InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$73,823GrantsOrScholarshipsAmt
Administrative Expenses-$8,202AdministrativeExpensesAmt
End Year Balance$498,454EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$633,951BeginningYearBalanceAmt
Contributions$2,864ContributionsAmt
Investment Earnings Or Losses-$85,901InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$35,950GrantsOrScholarshipsAmt
Administrative Expenses-$8,644AdministrativeExpensesAmt
End Year Balance$506,320EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$702,493BeginningYearBalanceAmt
Contributions$2,727ContributionsAmt
Investment Earnings Or Losses$78,601InvestmentEarningsOrLossesAmt
Grants Or Scholarships-$36,394GrantsOrScholarshipsAmt
Administrative Expenses-$8,800AdministrativeExpensesAmt
End Year Balance$633,951EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.04670BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.95330PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,089OtherCostOrOtherBasisAmt
Depreciation$162DepreciationAmt
Book Value$1,927BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,927TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescHELD AT CLEVELAND FOUNDATIONDesc
Book Value$688,056BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$688,056TotalBookValueSecuritiesAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 2, PART V, LINE 4FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION ESTABLISHED ORGANIZATIONAL ENDOWMENT FUNDS WITH THE CLEVELAND FOUNDATION (THE "FOUNDATION"). OTHER DONORS ALSO MAKE CONTRIBUTIONS TO THE ORGANIZATIONAL ENDOWMENT FUNDS. THE AGREEMENTS WITH THE FOUNDATION INCLUDE THE PROVISION THAT UP TO 6% OF FUND VALUES MAY BE TRANSFERRED ANNUALLY TO THE ORGANIZATION FOR OPERATIONAL SUPPORT AND TO HELP SUBSIDIZE PRIZE AWARDS. FURTHER, A PROVISION IN THE FUND AGREEMENTS PERMITS THE RETURN OF PRINCIPAL TO THE ORGANIZATION WITH APPROVAL OF TWO- THIRDS OF THE ORGANIZATION'S BOARD OF DIRECTORS. THE FOUNDATION HAS VARIANCE POWER TO REDIRECT DISTRIBUTIONS TO OTHER BENEFICIARIES UNDER LIMITED CIRCUMSTANCES.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
ARTS PRIZE AWARDS4$40,000
VERGE SCHOLARSHIPS5$10,000
SCHOLARSHIPS5$7,000

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationPRIZE AWARDS: THE JURORS ARE MADE UP OF COMMUNITY MEMBERS, THOSE CONSIDERED EXPERTS IN THEIR RESPECTIVE FIELDS, AND FORMER ARTS PRIZE WINNERS. EACH DISCIPLINE HAS ITS OWN JURY. THESE JURIES (5) DETERMINE UP TO THREE FINALISTS THROUGH AN INDIVIDUAL ONLINE REVIEW OF THE CANDIDATES APPLICATIONS, AND THEN THROUGH DISCUSSION AT A JURY MEETING. CAP STAFF & BOARD IS PRESENT AT THE JURY MEETINGS TO ANSWER TECHNICAL QUESTIONS REGARDING THE JURY PROCESS BUT AT NO TIME IS ABLE TO OFFER COMMENT ON THE ACTUAL CANDIDATES THEMSELVES. DURING THE ONLINE REVIEW AND AGAIN IN THE MEETINGS JURORS ARE ASKED WHETHER OR NOT THEY HAVE A CONFLICT OF INTEREST WITH EACH CANDIDATE. THERE IS ALSO A CONTRACT THEY SIGN, STATING THEY AGREE TO DISCLOSE ANY CONFLICTS. THE OTHER JURY MEMBERS GET TO DECIDE IF THE CONFLICTS SHOULD RESTRICT THAT JUROR FROM DISCUSSION. SAME GOES FOR THE SPECIAL PRIZE JURY. THERE IS ONE ADDITIONAL STEP FOR THE DISCIPLINE PRIZES, ONCE EACH OF THE 5 JURIES SENDS FORTH THEIR FINALISTS, THERE IS A NEW SET OF JURORS CALLED THE ACADEMY. THIS GROUP DOES AN INDIVIDUAL ONLINE REVIEW OF ONLY THE FINALISTS. THESE VOTES DETERMINE THE WINNERS, OF WHICH THERE ARE UP TO 5. SCHOLARSHIPS: SCHOLARSHIP WINNERS ARE ALL CHOSEN BY THEIR RESPECTIVE SCHOOLS AND ARE NOT VETTED BY OUR ORGANIZATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE CLEVELAND ARTS PRIZE IDENTIFIES, REWARDS, PUBLICLY HONORS AND PROMOTES THOSE CREATIVE ARTISTS WHOSE ORIGINAL WORK AND ACCOMPLISHMENTS HAVE SET A STANDARD OF EXCELLENCE TO WHICH OTHER ARTISTS CAN ASPIRE. ADDITIONALLY, THE CLEVELAND ARTS PRIZE RECOGNIZES THE CONTRIBUTIONS OF INDIVIDUALS AND ORGANIZATIONS THAT HAVE EXPANDED THE COMMUNITY'S PARTICIPATION IN THE ARTS AND HELPED MAKE THE REGION MORE HOSPITABLE TO CREATIVE ARTISTIC EXPRESSION.
FORM 990, PAGE 2, PART III, LINE 4ACLEVELAND ARTS PRIZE ("CAP") CONTINUES TO DEEPEN ITS IMPACT ON THE REGION'S ARTS AND CULTURE COMMUNITY THROUGH MEANINGFUL PROGRAMMING, GENEROUS SUPPORT FOR ARTISTS, AND COMMUNITY ENGAGEMENT. CAP HOSTED ITS 64TH ANNUAL AWARDS EVENT ON OCTOBER 24, 2024, AT CUYAHOGA COMMUNITY COLLEGE'S EAST CAMPUS, RECOGNIZING OUTSTANDING ACHIEVEMENT IN THE ARTS. CAP AWARDED THREE UNRESTRICTED 10,000 PRIZES TO ARTISTS IN THE EMERGING, MID-CAREER, AND LIFETIME ACHIEVEMENT CATEGORIES ACROSS VARIOUS ARTISTIC DISCIPLINES. IN ADDITION, FIVE 2,000 VERGE FELLOWSHIPS WILL BE AWARDED TO PRE-EMERGING ARTISTS IN CUYAHOGA COUNTY, OFFERING BOTH FINANCIAL SUPPORT AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. CAP ALSO CONTINUES TO INVEST IN THE FUTURE OF THE ARTS BY AWARDING SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS THROUGH PARTNERSHIPS WITH AREA SCHOOLS. IN ITS COMMITMENT TO CONVENING AND CONNECTING THE ARTS COMMUNITY, CAP HAS INTRODUCED A NEW SERIES OF TOURS OF PERFORMING ARTS VENUES, OFFERING OPPORTUNITIES FOR CAP SUPPORTERS, TRUSTEES, AND THE PUBLIC TO ENGAGE DIRECTLY WITH LOCAL ARTISTIC DIRECTORS AND PERFORMERS WHO ARE CLEVELAND ARTS PRIZE WINNERS. THIS INITIATIVE HAS STRENGTHENED TIES ACROSS DISCIPLINES AND CREATED PLATFORMS FOR DYNAMIC CONVERSATION AND COLLABORATION. CAP'S REACH AND INFLUENCE HAVE EXPANDED THROUGH STRATEGIC BOARD DEVELOPMENT, GROWING THE BOARD OF TRUSTEES TO 25 MEMBERS, BRINGING NEW PERSPECTIVES AND RESOURCES TO THE ORGANIZATION. AS CAP LOOKS AHEAD, IT REMAINS DEDICATED TO HONORING THE REGION'S MOST ACCOMPLISHED ARTISTS, UPLIFTING THE NEXT GENERATION OF CREATIVES, AND ENHANCING CULTURAL VIBRANCY ACROSS NORTHEAST OHIO.
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND SELECT MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS, INCLUDING FINANCIAL STATEMENTS, ARE PROVIDED TO ANYONE UPON REQUEST.