Civic Intelligence

Cleveland Arts Prize

EIN 01-0627754 • 501(c)3 • South Euclid, OH

Pub. 78 Eligible

Profile

The 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.

PO Box 21126South Euclid, OH 44121

clevelandartsprize.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.03x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

64th percentile

0.06x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

70th percentile

$58,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

64th percentile

18%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$865,837

Up $150,612 (+21%) from 2024

Liabilities

Down

$23,194

Down $6,806 (-23%) from 2024

Net Assets

Up

$842,643

Up $157,418 (+23%) from 2024

Revenue

Up

$413,853

Up $63,666 (+18%) from 2024

Expenses

Up

$296,608

Up $49,961 (+20%) from 2024

Net Income

Up

$117,245

Up $13,705 (+13%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $624,297Liabilities 2010: $1,305Net Assets 2010: $622,9922010Assets 2011: $685,924Liabilities 2011: $3,022Net Assets 2011: $682,9022011Assets 2012: $738,618Liabilities 2012: $492Net Assets 2012: $738,1262012Assets 2013: $903,639Liabilities 2013: $86,674Net Assets 2013: $816,9652013Assets 2014: $752,847Liabilities 2014: $217Net Assets 2014: $752,6302014Assets 2015: $634,948Liabilities 2015: $0Net Assets 2015: $634,9482015Assets 2016: $599,061Liabilities 2016: $1,697Net Assets 2016: $597,3642016Assets 2017: $654,771Liabilities 2017: $15,421Net Assets 2017: $639,3502017Assets 2018: $660,146Liabilities 2018: $7,062Net Assets 2018: $653,0842018Assets 2019: $642,099Liabilities 2019: $2,316Net Assets 2019: $639,7832019Assets 2020: $683,397Liabilities 2020: $714Net Assets 2020: $682,6832020Assets 2021: $682,007Liabilities 2021: $0Net Assets 2021: $682,0072021Assets 2022: $534,875Liabilities 2022: $0Net Assets 2022: $534,8752022Assets 2023: $591,134Liabilities 2023: $48,432Net Assets 2023: $542,7022023Assets 2024: $715,225Liabilities 2024: $30,000Net Assets 2024: $685,2252024Assets 2025: $865,837Liabilities 2025: $23,194Net Assets 2025: $842,6432025

Highlighted filing

2025

Assets$865,837
Liabilities$23,194
Net Assets$842,643

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $139,2852010Expenses 2011: $160,3912011Expenses 2012: $152,0122012Revenue 2013: $215,330Expenses 2013: $136,491Net Income 2013: $78,8392013Revenue 2014: $108,084Expenses 2014: $172,420Net Income 2014: -$64,3362014Revenue 2015: $88,257Expenses 2015: $205,940Net Income 2015: -$117,6832015Revenue 2016: $168,547Expenses 2016: $233,732Net Income 2016: -$65,1852016Revenue 2017: $159,436Expenses 2017: $208,124Net Income 2017: -$48,6882017Revenue 2018: $164,579Expenses 2018: $183,038Net Income 2018: -$18,4592018Revenue 2019: $240,817Expenses 2019: $262,686Net Income 2019: -$21,8692019Revenue 2020: $104,431Expenses 2020: $140,778Net Income 2020: -$36,3472020Revenue 2021: $182,235Expenses 2021: $258,672Net Income 2021: -$76,4372021Revenue 2022: $180,119Expenses 2022: $234,942Net Income 2022: -$54,8232022Revenue 2023: $266,266Expenses 2023: $242,975Net Income 2023: $23,2912023Revenue 2024: $350,187Expenses 2024: $246,647Net Income 2024: $103,5402024Revenue 2025: $413,853Expenses 2025: $296,608Net Income 2025: $117,2452025

Highlighted filing

2025

Revenue$413,853
Expenses$296,608
Net Income$117,245

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.66$0.23$8.43$4.14$2.97$1.17
2024Detailed filing. Detailed filing data is available for this year.$7.15$0.30$6.85$3.50$2.47$1.04
2023Detailed filing. Detailed filing data is available for this year.$5.91$0.48$5.43$2.66$2.43$0.23
2022Detailed filing. Detailed filing data is available for this year.$5.35$0.00$5.35$1.80$2.35$0.55
2021Detailed filing. Detailed filing data is available for this year.$6.82$0.00$6.82$1.82$2.59$0.76
2020Detailed filing. Detailed filing data is available for this year.$6.83$0.01$6.83$1.04$1.41$0.36
2019Detailed filing. Detailed filing data is available for this year.$6.42$0.02$6.40$2.41$2.63$0.22
2018Detailed filing. Detailed filing data is available for this year.$6.60$0.07$6.53$1.65$1.83$0.18
2017Detailed filing. Detailed filing data is available for this year.$6.55$0.15$6.39$1.59$2.08$0.49
2016Detailed filing. Detailed filing data is available for this year.$5.99$0.02$5.97$1.69$2.34$0.65
2015Detailed filing. Detailed filing data is available for this year.$6.35$0.00$6.35$0.88$2.06$1.18
2014Detailed filing. Detailed filing data is available for this year.$7.53$0.00$7.53$1.08$1.72$0.64
2013Detailed filing. Detailed filing data is available for this year.$9.04$0.87$8.17$2.15$1.36$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$0.00$7.38$1.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$0.03$6.83$1.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.24$0.01$6.23$1.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 3, 2026
Return Version
2025v4.0
Gross Receipts
$413,853
Mission and Program Overview

Mission

The 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$540,518$688,056▲ $147,538
Savings and Temporary Cash Investments$80,199$127,647▲ $47,448
Cash and Non-Interest-Bearing Accounts$69,508$47,707▼ $21,801
Pledges and Grants Receivable$25,000--
Land, Buildings, and Equipment, Net-$1,927-
Prepaid Expenses and Deferred Charges-$500-
Total Assets$715,225$865,837▲ $150,612
Liabilities
Deferred Revenue-$12,096-
Grants Payable$30,000$10,000▼ $20,000
Accounts Payable and Accrued Expenses-$1,098-
Total Liabilities$30,000$23,194▼ $6,806
Net Assets / Fund Balance
Net Assets With Donor Restrictions$597,683$682,094▲ $84,411
Net Assets Without Donor Restrictions$87,542$160,549▲ $73,007
Total Net Assets Fund Balance$685,225$842,643▲ $157,418
Total Liabilities and Net Assets / Fund Balance$715,225$865,837▲ $150,612

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,927$162$2,089
Other Securities$688,056--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$540,418$108,065▲ $76,079-$688,056
2024$498,453$3,082▲ $47,367-$540,518
2023$506,320$3,031▲ $71,128-$498,454
2022$633,951$2,864▼ $85,901-$506,320
2021$702,493$2,727▲ $78,601-$633,951
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eftihia TsengasExecutive DiFT$58,000$58,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$367,088
Program Service Revenue
$41,745
Investment Income
$5,020
Other Revenue
$0
All Other Contributions
$357,328
Change in Net Assets
$117,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$120,923
Other Expenses$118,685
Grants and Similar Amounts Paid$57,000
Total Fundraising Expense$35,944
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$17,400$11,600$29,000$58,000
Grants to Domestic Individuals$57,000--$57,000
Other Salaries and Wages$27,640$27,640-$55,280
Office Expenses$6,242$4,701$5,672$16,615
Payroll Taxes$3,329$3,083$1,231$7,643
Fees for Services Accounting-$6,444-$6,444
Fees for Services Other$5,881--$5,881
Advertising$2,775$500-$3,275
Other Expenses$81,683$2,789-$2,789
Insurance-$1,836-$1,836
Depreciation Depletion$64$57$41$162
Total Functional Expenses$202,014$58,650$35,944$296,608
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 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 19

Governing documents, including financial statements, are provided to anyone upon request.

Filing and Contact Details

Filer

Filer Name
Cleveland Arts Prize
EIN
01-0627754
Phone
2163210012
Address
PO BOX 21126, SOUTH EUCLID, OH 44121

Signing Officer

Name
Eftihia Tsengas
Title
Executive Director
Phone
2163210012
Signed
2026-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eftihia Tsengas
Formed
2002
Legal Domicile
Oh
Voting Board Members
21
Independent Board Members
21
Employees
2

Preparer

Firm
Beatrez & Company Cpas
Address
28018 TERRACE DR, NORTH OLMSTED, OH 44070-4964
Preparer
Hilary Frank Beatrez CPA
Phone
4406681270
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The 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 4A

Cleveland 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.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The 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.

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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Desc0CLEVELAND 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.
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