Art Resources Transformations
Nonprofit profile at a glance
- EIN
- 833743218
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2018
- Location
- Akron, OH, USA
- Phone
- 3308000342
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $990,413
- Expenses
- $797,862
- Assets
- $1,175,251
- Liabilities
- $5,625
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- SHIRLEY SMITH (PRESIDENT)
People named in this filing
- CHRIS ANDERSON (TRUSTEE)
- SANDY AUBURN (SECRETARY)
- CHARLES BENEKE (TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Curated storefront fosters community and economic growth in and around akron, Ohio by fueling artistic innovation, commissioning public art, expanding access to arts education, and nurturing a thriving cultural ecosystem.
What it reported doing in 2024
Curated storefront is a series of ongoing exhibitions that activate unused storefronts into multimedia installations throughout downtown akron, Ohio. "outside the box" is a series of up-cycled shipping containers programmed with murals placed on an empty lot in the northside district of downtown akron. "artist residencies at i promise school" introduces professional artists and engaging experiences for students at an akron public school that serves students who test in the bottom 30% of reading scores within the district and are in danger of falling behind their peers. "clayton bailey's world of wonders" is a small museum with storefront window visibility in the polsky building featuring art from the collection of the late ceramicist clayton bailey
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72%; rating input score 72
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: $25.12 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.47; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 22.9% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 10.1% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 72% of revenue deployed · 89.1% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $711K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.