Civic Intelligence

Summit Artspace

EIN 34-1841587 • 501(c)3 • Akron, OH

Profile

Summit artspace connects artists and artist-serving organizations to the community and to the resources they need to thrive professionally, creatively, and financially. Its core values of creativity, collaboration, and community guide the current strategic plan, which focuses on six key priority areas: 1) supporting artists at all levels of their creative journey, 2) encouraging participation in the arts through education and outreach, 3) serving as a vital creative resource for the community, 4) increasing awareness and visibility throughout the community, 5) building financial sustainability through revenue growth and 6) diversifying artists we serve. Additionally, summit artspace seeks to build public awareness concerning the value of artists as contributors to our area's creative economy, quality of life, and place-making for those that live, work or go to school in summit and contiguous counties.

140 East Market StreetAkron, OH 44308

www.summitartspace.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.10x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.07x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

24%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Revenue Growth

84th percentile

50%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Assets

Up

$524,534

Up $197,142 (+60%) from 2023

Liabilities

Down

$53,777

Down $13,014 (-19%) from 2023

Net Assets

Up

$470,757

Up $210,156 (+81%) from 2023

Revenue

Up

$823,130

Up $463,164 (+129%) from 2023

Expenses

Up

$609,403

Up $291,703 (+92%) from 2023

Net Income

Up

$213,727

Up $171,461 (+406%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $348,089Liabilities 2011: $78Net Assets 2011: $348,0112011Assets 2012: $343,185Liabilities 2012: $2,992Net Assets 2012: $340,1932012Assets 2013: $344,177Liabilities 2013: $3,022Net Assets 2013: $341,1552013Assets 2014: $366,223Liabilities 2014: $6,808Net Assets 2014: $359,4152014Assets 2015: $283,994Liabilities 2015: $6,761Net Assets 2015: $277,2332015Assets 2016: $229,134Liabilities 2016: $10,172Net Assets 2016: $218,9622016Assets 2017: $251,579Liabilities 2017: $47,489Net Assets 2017: $204,0902017Assets 2018: $279,774Liabilities 2018: $54,138Net Assets 2018: $225,6362018Assets 2020: $260,576Liabilities 2020: $80,568Net Assets 2020: $180,0082020Assets 2021: $272,915Liabilities 2021: $51,930Net Assets 2021: $220,9852021Assets 2022: $253,899Liabilities 2022: $41,226Net Assets 2022: $212,6732022Assets 2023: $327,392Liabilities 2023: $66,791Net Assets 2023: $260,6012023Assets 2024: $524,534Liabilities 2024: $53,777Net Assets 2024: $470,7572024

Highlighted filing

2024

Assets$524,534
Liabilities$53,777
Net Assets$470,757

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $166,1952011Revenue 2012: $145,520Expenses 2012: $153,338Net Income 2012: -$7,8182012Expenses 2013: $123,8372013Revenue 2014: $169,875Expenses 2014: $151,615Net Income 2014: $18,2602014Revenue 2015: $135,586Expenses 2015: $217,768Net Income 2015: -$82,1822015Revenue 2016: $156,520Expenses 2016: $214,791Net Income 2016: -$58,2712016Revenue 2017: $185,211Expenses 2017: $200,186Net Income 2017: -$14,9752017Revenue 2018: $217,575Expenses 2018: $196,029Net Income 2018: $21,5462018Revenue 2020: $165,379Expenses 2020: $201,877Net Income 2020: -$36,4982020Revenue 2021: $242,438Expenses 2021: $203,297Net Income 2021: $39,1412021Revenue 2022: $347,579Expenses 2022: $354,852Net Income 2022: -$7,2732022Revenue 2023: $359,966Expenses 2023: $317,700Net Income 2023: $42,2662023Revenue 2024: $823,130Expenses 2024: $609,403Net Income 2024: $213,7272024

Highlighted filing

2024

Revenue$823,130
Expenses$609,403
Net Income$213,727

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.25$0.54$4.71$8.23$6.09$2.14
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.67$2.61$3.60$3.18$0.42
2022Detailed filing. Detailed filing data is available for this year.$2.54$0.41$2.13$3.48$3.55$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.73$0.52$2.21$2.42$2.03$0.39
2020Detailed filing. Detailed filing data is available for this year.$2.61$0.81$1.80$1.65$2.02$0.36
2018Detailed filing. Detailed filing data is available for this year.$2.80$0.54$2.26$2.18$1.96$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.52$0.47$2.04$1.85$2.00$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.29$0.10$2.19$1.57$2.15$0.58
2015Detailed filing. Detailed filing data is available for this year.$2.84$0.07$2.77$1.36$2.18$0.82
2014Detailed filing. Detailed filing data is available for this year.$3.66$0.07$3.59$1.70$1.52$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.03$3.41$1.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.03$3.40$1.46$1.53$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.00$3.48$1.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 25, 2025
Return Version
2023v6.0
Gross Receipts
$845,753
Mission and Program Overview

Mission

Summit artspace connects artists and artist-serving organizations to the community and to the resources they need to thrive professionally, creatively and financially. It's core values of creativity, collaboration and community guide the current strategic plan, which focuses on six key priority areas: 1) supporting artists at all levels of their creative journey, 2) encouraging participation in the arts through education and outreach, 3) serving as a vital creative resource for the community, 4) increasing awareness and visibility throughout the community, 5) building financial sustainability through revenue growth and 6) diversifying artists we serve. Additionally, summit artspace seeks to build public awareness concerning the value of arts and culture to our area's economy, quality of life and sense of place for those that live, work or go to school in the five-county service area of summit, portage, medina, cuyahoga, and stark counties.

Summit artspace is a community-based nonprofit that connects local artists to the resources they need to thrive-creatively, professionally, and financially. Vital resources include physical space, artist-centered programs, and public events. Summit artspace partners with the county of summit (the owner of its historic akron building), to offer artist studios for rent, galleries for exhibitions, classrooms for workshops, offices for arts organizations, and performance and event space. A. Studio and office space enable visual, performing, and literary artists to interact in a supportive, growing community. B. Summit artspace offers educational and professional development programs for established and emerging artists, as well as creative experiences for all ages. Artist launchpad-a cohort-based multi-week program to assist creatives in developing their practice and business-is a signature program. C. Summit artspace offers local visual artists an opportunity to show and sell their work v

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$130,314$277,717▲ $147,403
Land, Buildings, and Equipment, Net$139,604$133,426▼ $6,178
Savings and Temporary Cash Investments$39,628$69,659▲ $30,031
Accounts Receivable$8,558$35,381▲ $26,823
Investments Other Securities$7,157$7,778▲ $621
Prepaid Expenses and Deferred Charges$2,131$573▼ $1,558
Total Assets$327,392$524,534▲ $197,142
Liabilities
Accounts Payable and Accrued Expenses$17,547$48,685▲ $31,138
Other Liabilities$49,244$5,092▼ $44,152
Total Liabilities$66,791$53,777▼ $13,014
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$260,601$322,519▲ $61,918
Net Assets With Donor Restrictions-$148,238-
Total Net Assets Fund Balance$260,601$470,757▲ $210,156
Total Liabilities and Net Assets / Fund Balance$327,392$524,534▲ $197,142

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$133,426$83,710$217,136
Other Land Buildings-$27,911$27,911

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,157-▲ $621-$7,778
2022$6,501-▲ $656-$7,157
2021$7,646-▼ $1,145-$6,501
2020$6,086-▲ $1,560-$7,646
2019$6,048-▲ $38-$6,086
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather MeekerExecutive DiFT$68,466$2,028$70,494

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$669,673
Program Service Revenue
$155,944
Investment Income
$31
Other Revenue
$-2,518
All Other Contributions
$591,916
Change in Net Assets
$213,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,271
Salaries, Compensation, and Employee Benefits$208,303
Grants and Similar Amounts Paid$167,829
Total Fundraising Expense$43,598
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$167,829--$167,829
Other Salaries and Wages$71,839$36,155$13,055$121,049
Current Officers, Directors, Trustees, and Key Employees$24,894$22,800$22,800$70,494
Occupancy$46,324$4,807-$51,131
Fees for Services Other$17,330$8,742-$26,072
Fees for Services Accounting-$25,481-$25,481
Information Technology$13,296$8,645$79$22,020
Advertising$15,569$2,438$124$18,131
Payroll Taxes$7,656$4,314$3,111$15,081
Conferences and Meetings$3,285$5,318-$8,603
All Other Expenses$4,430$2,408$547$7,385
Depreciation Depletion-$6,178-$6,178
Other Expenses$110$4,121$3,834$3,834
Other Employee Benefits-$1,679-$1,679
Office Expenses$105$358$48$511
Fees for Services Legal-$120-$120
Total Functional Expenses$432,241$133,564$43,598$609,403
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MooredunsonAkron, OH-Fiscal Sponsorship$68,394
Akron Black Artist GuildAkron, OH-Fiscal Sponsorship$34,489
WorkstudioAkron, OH-Fiscal Sponsorship$17,792
Inspiring CanvasesAkron, OH-Fiscal Sponsorship$15,437
Fuse MediumAkron, OH-Fiscal Sponsorship$11,600
Clapp for ArtAkron, OH-Fiscal Sponsorship$7,617
Wandering AestheticsAkron, OH-Fiscal Sponsorship$7,452
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,623
Fundraising Gross Income$15,771
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Arts Alive$39,636$15,771$8,746$7,025
Total Events$39,636$15,771$22,623$-6,852
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$5,092
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

The 990 is reviewed by the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy requires all board members and staff to promptly report all conflicts of interest as well as update their conflict of interest disclosures on an annual basis. In addition, the executive director and board as a whole are continuously monitoring the organization for conflicts of interest. All conflicts of interest are brought to the attention of the board, who ensures enforcement of the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The board evaluates the executive director annually and determines compensation using appropriate salary surveys and other information.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Summit Artspace
EIN
34-1841587
Phone
3303768480
Address
140 EAST MARKET STREET, AKRON, OH 44308

Signing Officer

Name
Heather Meeker
Title
Executive Director
Phone
3303768480
Signed
2025-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Meeker
Formed
1991
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
35

Preparer

Firm
Crum & Company
Address
1640 AKRON PENINSULA RD STE 102, AKRON, OH 44313
Preparer
Kevin K Crum
Phone
3308671222
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Summit artspace connects artists and artist-serving organizations to the community and to the resources they need to thrive professionally, creatively, and financially. Its core values of creativity, collaboration, and community guide the current strategic plan, which focuses on six key priority areas: 1) supporting artists at all levels of their creative journey, 2) encouraging participation in the arts through education and outreach, 3) serving as a vital creative resource for the community, 4) increasing awareness and visibility throughout the community, 5) building financial sustainability through revenue growth and 6) diversifying artists we serve. Additionally, summit artspace seeks to build public awareness concerning the value of artists as contributors to our area's creative economy, quality of life, and place-making for those that live, work or go to school in summit and contiguous counties.

Form 990, Page 1, Part I, Line 6

Summit artspace relies on volunteers to assist in the delivery of its mission. Leadership volunteers serve as members of the board of directors and work on numerous committees. Program volunteers lead programs and workshops such as artist launchpad and professional practice, serve as gallery docents during public hours, and represent summit artspace at community events. Gallery docent volunteers serve as subject matter experts on exhibitions and facilitate sales of pieces available for purchase during an exhibition. Summit artspace hosts interns from local high schools and universities to provide shadowing and hands-on experiences for those considering a career in the creative sector.

Form 990, Page 2, Part III, Line 4B

Programs to assist artists with wraparound care and professional skills are an important opportunity for summit artspace to implement the akron cultural plan across multiple priorities, including talent development. A signature offering is its artist care programs (artist launchpad, professional practice, and one-to-one), which provide entrepreneurial and skill building sessions from local artists and content experts to support artists as they develop their practices. Participating artists represent multiple mediums including theatre, dance and visual art. Programs are offered on a sliding scale, and most offer scholarships to participants who require financial support. Summit artspace collaborates with local artists and arts/culture organizations to offer rehearsal, meeting, instruction and space at an in-kind or reduced rate. Summit artspace also provides fiscal sponsorship for artist-centered projects.

Form 990, Page 2, Part III, Line 4C

Summit artspace is home to nearly 30 artists and artist-serving organizations for working studio space that allow artists to create work and engage with the public. The building, formally the headquarters of the akron beacon journal and the akron public library, is owned by the county of summit, which is a valued partner in ensuring free and public access to the arts. Summit artspace produces public programs that encourage a robust and sustained "exchange" between the northeast ohio residents and summit county artists. Outcomes include increased arts engagement, direct connections with local artists, and artwork sales. Events include artwalk, artist sunday, the arts alive awards, and partnerships with other organizations such as junior leadership akron, summit dd, summit county public health, and the office of u.s. Rep. Emilia sykes (14th congressional student arts exhibition).

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Provide long-term sustainability to the organization and provide a mechanism for future endowment contributions.

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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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IRS990/ActivityOrMissionDesc0SUMMIT ARTSPACE IS A COMMUNITY-BASED NONPROFIT THAT CONNECTS LOCAL ARTISTS TO THE RESOURCES THEY NEED TO THRIVE-CREATIVELY, PROFESSIONALLY, AND FINANCIALLY. VITAL RESOURCES INCLUDE PHYSICAL SPACE, ARTIST-CENTERED PROGRAMS, AND PUBLIC EVENTS. SUMMIT ARTSPACE PARTNERS WITH THE COUNTY OF SUMMIT (THE OWNER OF ITS HISTORIC AKRON BUILDING), TO OFFER ARTIST STUDIOS FOR RENT, GALLERIES FOR EXHIBITIONS, CLASSROOMS FOR WORKSHOPS, OFFICES FOR ARTS ORGANIZATIONS, AND PERFORMANCE AND EVENT SPACE. A. STUDIO AND OFFICE SPACE ENABLE VISUAL, PERFORMING, AND LITERARY ARTISTS TO INTERACT IN A SUPPORTIVE, GROWING COMMUNITY. B. SUMMIT ARTSPACE OFFERS EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS FOR ESTABLISHED AND EMERGING ARTISTS, AS WELL AS CREATIVE EXPERIENCES FOR ALL AGES. ARTIST LAUNCHPAD-A COHORT-BASED MULTI-WEEK PROGRAM TO ASSIST CREATIVES IN DEVELOPING THEIR PRACTICE AND BUSINESS-IS A SIGNATURE PROGRAM. C. SUMMIT ARTSPACE OFFERS LOCAL VISUAL ARTISTS AN OPPORTUNITY TO SHOW AND SELL THEIR WORK V
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE, RES
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE, RES
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IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDE
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IRS990/MissionDesc0SUMMIT ARTSPACE CONNECTS ARTISTS AND ARTIST-SERVING ORGANIZATIONS TO THE COMMUNITY AND TO THE RESOURCES THEY NEED TO THRIVE PROFESSIONALLY, CREATIVELY, AND FINANCIALLY. ITS CORE VALUES OF CREATIVITY, COLLABORATION, AND COMMUNITY GUIDE THE CURRENT STRATEGIC PLAN, WHICH FOCUSES ON SIX KEY PRIORITY AREAS: 1) SUPPORTING ARTISTS AT ALL LEVELS OF THEIR CREATIVE JOURNEY, 2) ENCOURAGING PARTICIPATION IN THE ARTS THROUGH EDUCATION AND OUTREACH, 3) SERVING AS A VITAL CREATIVE RESOURCE FOR THE COMMUNITY, 4) INCREASING AWARENESS AND VISIBILITY THROUGHOUT THE COMMUNITY, 5) BUILDING FINANCIAL SUSTAINABILITY THROUGH REVENUE GROWTH AND 6) DIVERSIFYING ARTISTS WE SERVE. ADDITIONALLY, SUMMIT ARTSPACE SEEKS TO BUILD PUBLIC AWARENESS CONCERNING THE VALUE OF ARTISTS AS CONTRIBUTORS TO OUR AREA'S CREATIVE ECONOMY, QUALITY OF LIFE, AND PLACE-MAKING FOR THOSE THAT LIVE, WORK OR GO TO SCHOOL IN SUMMIT AND CONTIGUOUS COUNTIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAMS TO ASSIST ARTISTS WITH WRAPAROUND CARE AND PROFESSIONAL SKILLS ARE AN IMPORTANT OPPORTUNITY FOR SUMMIT ARTSPACE TO IMPLEMENT THE AKRON CULTURAL PLAN ACROSS MULTIPLE PRIORITIES, INCLUDING TALENT DEVELOPMENT. A SIGNATURE OFFERING IS ITS ARTIST CARE PROGRAMS (ARTIST LAUNCHPAD, PROFESSIONAL PRACTICE, AND ONE-TO-ONE), WHICH PROVIDE ENTREPRENEURIAL AND SKILL BUILDING SESSIONS FROM LOCAL ARTISTS AND CONTENT EXPERTS TO SUPPORT ARTISTS AS THEY DEVELOP THEIR PRACTICES. PARTICIPATING ARTISTS REPRESENT MULTIPLE MEDIUMS INCLUDING THEATRE, DANCE AND VISUAL ART. PROGRAMS ARE OFFERED ON A SLIDING SCALE, AND MOST OFFER SCHOLARSHIPS TO PARTICIPANTS WHO REQUIRE FINANCIAL SUPPORT. SUMMIT ARTSPACE COLLABORATES WITH LOCAL ARTISTS AND ARTS/CULTURE ORGANIZATIONS TO OFFER REHEARSAL, MEETING, INSTRUCTION AND SPACE AT AN IN-KIND OR REDUCED RATE. SUMMIT ARTSPACE ALSO PROVIDES FISCAL SPONSORSHIP FOR ARTIST-CENTERED PROJECTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SUMMIT ARTSPACE IS HOME TO NEARLY 30 ARTISTS AND ARTIST-SERVING ORGANIZATIONS FOR WORKING STUDIO SPACE THAT ALLOW ARTISTS TO CREATE WORK AND ENGAGE WITH THE PUBLIC. THE BUILDING, FORMALLY THE HEADQUARTERS OF THE AKRON BEACON JOURNAL AND THE AKRON PUBLIC LIBRARY, IS OWNED BY THE COUNTY OF SUMMIT, WHICH IS A VALUED PARTNER IN ENSURING FREE AND PUBLIC ACCESS TO THE ARTS. SUMMIT ARTSPACE PRODUCES PUBLIC PROGRAMS THAT ENCOURAGE A ROBUST AND SUSTAINED "EXCHANGE" BETWEEN THE NORTHEAST OHIO RESIDENTS AND SUMMIT COUNTY ARTISTS. OUTCOMES INCLUDE INCREASED ARTS ENGAGEMENT, DIRECT CONNECTIONS WITH LOCAL ARTISTS, AND ARTWORK SALES. EVENTS INCLUDE ARTWALK, ARTIST SUNDAY, THE ARTS ALIVE AWARDS, AND PARTNERSHIPS WITH OTHER ORGANIZATIONS SUCH AS JUNIOR LEADERSHIP AKRON, SUMMIT DD, SUMMIT COUNTY PUBLIC HEALTH, AND THE OFFICE OF U.S. REP. EMILIA SYKES (14TH CONGRESSIONAL STUDENT ARTS EXHIBITION).
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