THE FINE ARTS ASSOCIATION Charity Report

Public IRS 990 nonprofit record

THE FINE ARTS ASSOCIATION

EIN 34-0834212 · Arts, Culture & Humanities (A030)

What they do

OUR MISSION: CREATE and DISCOVER BEAUTY to FOSTER A COMMUNITY EMPOWERED BY THE ARTS. THIS REFLECTS OUR HIGHEST ASPIRATIONS for OUR ORGANIZATION AS WE STRIVE for ARTISTIC EXCELLENCE and REPRESENTS THE PEDAGOGICAL PRINCIPAL IN ALL OUR EDUCATIONAL PROGRAMS and PERFORMANCES. WE USE THIS STATEMENT PROVOCATIVELY UNDERSTANDING THAT THE WORD BEAUTY is A SUBJECTIVE CONCEPT. YET WE SEE BEAUTY IN MUCH MORE THAN THE ART ITSELF. WE SEE BEAUTY IN THE PROCESS of CREATION and DISCOVERY. WE SEE BEAUTY WHEN A CHILD LEARNS HOW to MAKE THEIR FIRST SOUND ON A FLUTE or PAINTS THEIR FIRST PICTURE. WE SEE BEAUTY WHEN A PREVIOUSLY SHY STUDENT CAN DELIVER THEIR FIRST LINES ON STAGE. WE SEE BEAUTY WHEN A CHILD STRUGGLING WITH EMOTIONAL or COMMUNICATION CHALLENGES CAN POSITIVELY EXPRESS THEMSELVES and WHAT THEY FEEL THROUGH MUSIC or ART THERAPY. WE SEE BEAUTY IN THE INSPIRATION OUR STUDENTS, TEACHERS, PERFORMERS, and CLIENTS PROVIDE and THE ASPIRATIONS THEY HOLD ONTO FIRMLY. WE SEE BEAUTY IN EVERYONE and THE POTE

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

100.68%of revenue went to mission work90.2% of expenses · Program services

5.68%of revenue went to fundraising5.1% of expenses

$111.60spent for every $100 of revenueSpending was higher than revenue this year.

5.24%of revenue went to management and office costs4.7% of expenses

$1.93in assets for every $1 spent this yearSome assets cannot be spent right away.

17.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $300,762 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $121,622 for PAUL HOLM (FORMER CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,592,635

Mission workProgram services$2,610,205100.68% of revenue90.2% of expenses

ManagementOffice and general costs$135,8135.24% of revenue4.7% of expenses

FundraisingAsking for donations$147,3795.68% of revenue5.1% of expenses

Total expenses$2,893,397111.60% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 90.2% mission · 4.7% management · 5.1% fundraisingTotal expenses: 111.60% of revenue

2023Expense mix: 84.3% mission · 10.2% management · 5.5% fundraisingTotal expenses: 111.01% of revenue

2022Expense mix: 86.0% mission · 9.6% management · 4.4% fundraisingTotal expenses: 101.19% of revenue

2021Expense mix: 85.2% mission · 8.0% management · 6.8% fundraisingTotal expenses: 135.70% of revenue

2020Expense mix: 85.9% mission · 6.4% management · 7.7% fundraisingTotal expenses: 134.89% of revenue

2019Expense mix: 86.5% mission · 4.9% management · 8.6% fundraisingTotal expenses: 116.59% of revenue

2018Expense mix: 87.6% mission · 6.1% management · 6.4% fundraisingTotal expenses: 105.24% of revenue

2017Expense mix: 87.3% mission · 6.1% management · 6.6% fundraisingTotal expenses: 112.24% of revenue

Money in and money out

Revenue$2,592,635

Expenses$2,893,397

Annual shortfall $300,762 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,610,205 · 90.2% of expenses

Management and office costs$135,813 · 4.7% of expenses

Fundraising$147,379 · 5.1% of expenses

See all reported dollar amounts

Revenue$2,592,635

Expenses$2,893,397

Assets$5,581,179

Income$2,777,326

Contributions$448,105

Mission work (program services)$2,610,205

Fundraising$147,379

Management and general$135,813

Stocks and bonds$1,707,800

Investing fees$17,588

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PAUL HOLMFORMER CEO · 40 hrs/week $121,622

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

PAUL HOLMFORMER CEO

LAURIE PRINCIPEDIRECTOR

TONYA MAROUSDIRECTOR

TERI DANIEL CUTTSDIRECTOR

TERESA REIDDIRECTOR

STEPHEN BAUMDIRECTOR

ROY SMITHTREASURER

ROBIN HOPKINSDIRECTOR

RANDALL SHARPEDIRECTOR

NOELLE SIERADZKICURRENT PRES

MICHAEL LAURIOASST TREASUR

LORETTA RANDOLPHDIRECTOR

BRIAN FIFEDIRECTOR

JOHN ROGERSDIRECTOR

JESSE STYLESDIRECTOR

JENNIFER HALAPYDIRECTOR

JACK KAPALKADIRECTOR

ERICA WIGTONDIRECTOR

ERIC BARBEPRESIDENT

EMILY ZOCCHIDIRECTOR

ELENI VOSICKYDIRECTOR

DAVID STEGERSECRETARY

DANA LUTZDIRECTOR

About this charity

Recognized since: January 1959
Location: 38660 MENTOR AVE, WILLOUGHBY, OH 44094
County: Lake
In care of: JOHN ROGERS
Primary officer: JOHN ROGERS, CURRENT TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(440) 951-7500 Officer phone(440) 951-7000

Filing and classification

Latest tax year: 2024
Tax period began: August 1, 2024
Return type: 990
Tax preparer: H & J CERTIFIED PUBLIC ACCOUNTANTS INC
NTEE classification: Arts, Culture & Humanities (A030)