Civic Intelligence

Artneo

990 • Fiscal year 2020 • EIN 34-1420133

Jul 01, 2020 to Dec 31, 2020 • Filed on Feb 01, 2021

Organization ProfileWWW.ARTNEO.ORG
1305 W 80th St Suite 16Cleveland, OH 44102

(216) 227-9507

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.08x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

2.30x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

31st percentile

-0.7%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-69%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$926,632

Down $6,863 (-0.7%) from 2019

Net Assets

Down

$848,131

Down $29,013 (-3.3%) from 2019

Liabilities

Up

$78,501

Up $22,150 (+39%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin22nd percentile

Revenue

Down

$34,183

Down $77,715 (-69%) from 2019

Expenses

Down

$37,951

Down $67,784 (-64%) from 2019

Net Income

Down

-$3,768

Down $9,931 (-161%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $902,217Liabilities 2011: $11,661Net Assets 2011: $890,5562011Assets 2019: $933,495Liabilities 2019: $56,351Net Assets 2019: $877,1442019Assets 2020: $926,632Liabilities 2020: $78,501Net Assets 2020: $848,1312020Assets 2021: $833,296Liabilities 2021: $23,934Net Assets 2021: $809,3622021Assets 2022: $845,967Liabilities 2022: $35,500Net Assets 2022: $810,4672022Assets 2023: $826,382Liabilities 2023: $20,002Net Assets 2023: $806,3802023Assets 2024: $788,901Liabilities 2024: $8,002Net Assets 2024: $780,8992024

Highlighted filing

2020

Assets$926,632
Liabilities$78,501
Net Assets$848,131
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2011: $112,5172011Revenue 2019: $111,898Expenses 2019: $105,735Net Income 2019: $6,1632019Revenue 2020: $34,183Expenses 2020: $37,951Net Income 2020: -$3,7682020Revenue 2021: $67,331Expenses 2021: $106,100Net Income 2021: -$38,7692021Revenue 2022: $48,859Expenses 2022: $48,264Net Income 2022: $5952022Revenue 2023: $51,074Expenses 2023: $59,221Net Income 2023: -$8,1472023Revenue 2024: $11,697Expenses 2024: $35,345Net Income 2024: -$23,6482024

Highlighted filing

2020

Revenue$34,183
Expenses$37,951
Net Income-$3,768
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Dec 31, 2020
Signed
Feb 1, 2021
Return Version
2020v4.0
Gross Receipts
$34,183
Mission and Program Overview

Mission

Art neo was founded in 1984 by cleveland based artists, patrons, and collectors who recognized the need to establish an organization that would preserve, research, collect, and exhibit the most significant visual art of the northeast region. Art neo has become the premier center for the art of northeast ohio, owing both to its significant collecting initiative, and to its commitment to creative exhibition planning and educational outreach. Central to art neo's commitment to embracing the range of artistic excellence in this region is its priority of conceiving stimulating exhibitions, educational programming, and scholarly publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$36,131$32,684▼ $3,447
Cash and Non-Interest-Bearing Accounts$10,406$27,638▲ $17,232
Total Assets$912,847$926,632▲ $13,785
Other Assets Total$866,310$866,310→ $0
Liabilities
Other Liabilities$17,681$78,501▲ $60,820
Accounts Payable and Accrued Expenses$43,267--
Total Liabilities$60,948$78,501▲ $17,553
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$851,899$848,131▼ $3,768
Total Net Assets Fund Balance$851,899$848,131▼ $3,768
Total Liabilities and Net Assets / Fund Balance$912,847$926,632▲ $13,785

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$32,684$39,897$72,581
Other Assets Org$76,509--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Sabine KretzschmarPresident
Emilie MolkentinBoard Member
Daniel BushSecretary
John WaskoTreasurer
Jon S Logan DpmVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$34,183
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$34,183
Change in Net Assets
$-3,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,951
Total Fundraising Expense$2,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$19,601--$19,601
Fees for Services Other$2,243$2,243$2,243$6,729
Depreciation Depletion$3,447--$3,447
Insurance$1,500--$1,500
Advertising$775--$775
Office Expenses$584--$584
Other Expenses$175--$175
Interest-$163-$163
All Other Expenses$36--$36
Total Functional Expenses$33,302$2,406$2,243$37,951
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dan BushBoard MemberRentNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Studios at 78th Street - Rent$61,420
Key Bank Line of Credit$7,198
Ppp Loan$5,800
Note Payable - Allen Mccann$4,083
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

“An electronic copy of the form 990 and required schedules are provided to the president, treasurer and executive director of the organization for review. Upon notification to the prepare that the return has been approved, the form 990 is filed with the irs.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Art Neo
EIN
34-1420133
Phone
2162279507
Address
1305 W 80TH ST SUITE 16, CLEVELAND, OH 44102

Signing Officer

Name
John Wasko
Title
Treasurer
Phone
2162279507
Signed
2021-02-01

Organization Details

Principal Officer
John Wasko
Formed
1984
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
12

Preparer

Firm
Laskey Costello LLC
Address
15514 DETROIT AVE, LAKEWOOD, OH 44107-3832
Preparer
Cynthia M Costello CPA
Phone
2165212100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Art neo was founded in 1984 by cleveland based artists, patrons, and collectors who recognized the need to establish an organization that would preserve, research, collect, and exhibit the most significant visual art of the northeast region. Art neo has become the premier center for the art of northeast ohio, owing both to its significant collecting initiative, and to its commitment to creative exhibition planning and educational outreach. Central to art neo's commitment to embracing the range of artistic excellence in this region is its priority of conceiving stimulating exhibitions, educational programming, and scholarly publications.”

Form 990, Part IX, Line 11G

“Professional fees - other 2,243 2,243 2,243”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ART NEO WAS FOUNDED IN 1984 BY CLEVELAND BASED ARTISTS, PATRONS, AND COLLECTORS WHO RECOGNIZED THE NEED TO ESTABLISH AN ORGANIZATION THAT WOULD PRESERVE, RESEARCH, COLLECT, AND EXHIBIT THE MOST SIGNIFICANT VISUAL ART OF THE NORTHEAST REGION. ART NEO HAS BECOME THE PREMIER CENTER FOR THE ART OF NORTHEAST OHIO, OWING BOTH TO ITS SIGNIFICANT COLLECTING INITIATIVE, AND TO ITS COMMITMENT TO CREATIVE EXHIBITION PLANNING AND EDUCATIONAL OUTREACH. CENTRAL TO ART NEO'S COMMITMENT TO EMBRACING THE RANGE OF ARTISTIC EXCELLENCE IN THIS REGION IS ITS PRIORITY OF CONCEIVING STIMULATING EXHIBITIONS, EDUCATIONAL PROGRAMMING, AND SCHOLARLY PUBLICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ELECTRONIC COPY OF THE FORM 990 AND REQUIRED SCHEDULES ARE PROVIDED TO THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR OF THE ORGANIZATION FOR REVIEW. UPON NOTIFICATION TO THE PREPARE THAT THE RETURN HAS BEEN APPROVED, THE FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL FEES - OTHER 2,243 2,243 2,243
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0926632
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02223 ELBUR AVE
IRS990/USAddress/CityNm0LAKEWOOD
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044107
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IRS990/WebsiteAddressTxt0WWW.ARTNEO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN WASKO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02162279507
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ART NEO
ReturnHeader/Filer/BusinessNameControlTxt0ARTN
ReturnHeader/Filer/EIN0341420133
ReturnHeader/Filer/PhoneNum02162279507
ReturnHeader/Filer/USAddress/AddressLine1Txt01305 W 80TH ST SUITE 16
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455224317
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LASKEY COSTELLO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015514 DETROIT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441073832
ReturnHeader/PreparerPersonGrp/PhoneNum02165212100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CYNTHIA M COSTELLO CPA
ReturnHeader/ReturnTs02021-02-23T09:24:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WASKO
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$926,632
Liabilities
$78,501
Net assets
$848,131
Revenue
$34,183
Expenses
$37,951
Net income
-$3,768
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.89$0.08$7.81$0.12$0.35$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.26$0.20$8.06$0.51$0.59$0.08
2022Detailed filing. Detailed filing data is available for this year.$8.46$0.36$8.10$0.49$0.48$0.01
2021Detailed filing. Detailed filing data is available for this year.$8.33$0.24$8.09$0.67$1.06$0.39
2020Detailed filing. Detailed filing data is available for this year.$9.27$0.79$8.48$0.34$0.38$0.04
2019Detailed filing. Detailed filing data is available for this year.$9.33$0.56$8.77$1.12$1.06$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.02$0.12$8.91$1.13
Peer Organizations

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