Portland Ovations
- Assets
- $2.8m
- Revenue
- $3.0m
- Investments
- $70.1k
- Employees
- 8
- Location
- Portland, ME
- Founding
- 08/1977
- Data as of
- 06/2022
- EIN
- 01-0350707
Organization Overview
Portland Ovations is located in Portland, ME. The organization was established in 1977. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Portland Ovations employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Ovations is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Portland Ovations generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PORTLAND OVATIONS CONTRIBUTES TO CULTURAL, SOCIAL, AND ECONOMIC WELLBEING OF OUR COMMUNITY BY PRESENTING AN ARRAY OF HIGH QUALITY PERFORMING ARTISTS FROM AROUND THE WORLD AND CREATING DIVERSE EDUCATIONAL EXPERIENCES THAT BRING THE ENJOYMENT, ENERGY, AND ENRICHMENT OF THE ARTS TO ALL.
Describe the Organization's Program Activity:
EXPENSES INVOLVED IN THE PRESENTATION OF MUSIC, DANCE, AND THEATRICAL PERFORMANCES, COORDINATED WITH COMMUNITY AND SCHOOL-BASED PERFORMANCE, ARTS EDUCATION AND OUTREACH PROGRAMS PRIMARILY IN THE SOUTHERN AND CENTRAL MAINE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Petrin Executive Di | Officer | 50 | $133,270 |
Mary Allen Lindemann Director/pre | OfficerTrustee | 2 | $0 |
James T Morgan Director/vic | OfficerTrustee | 1 | $0 |
Michael F Stillings Director/tre | OfficerTrustee | 2 | $0 |
Carolyn Hughes Director/sec | OfficerTrustee | 1 | $0 |
Signmund D Schutz Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,684 |
| Related organizations | $0 |
| Government grants | $208,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,836,407 |
| Noncash contributions included in lines 1a–1f | $7,608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,074,038 |
| Total Program Service Revenue | $793,165 |
| Investment income | $25,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,907 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,954,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,522 |
| Compensation of current officers, directors, key employees. | $15,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,928 |
| Pension plan accruals and contributions | $9,948 |
| Other employee benefits | $26,517 |
| Payroll taxes | $40,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,134 |
| Advertising and promotion | $174,783 |
| Office expenses | $34,561 |
| Information technology | $17,331 |
| Royalties | $0 |
| Occupancy | $79,781 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,906 |
| Insurance | $0 |
| All other expenses | $38,621 |
| Total functional expenses | $2,030,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,878 |
| Savings and temporary cash investments | $930,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $412,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,899 |
| Net Land, buildings, and equipment | $16,637 |
| Investments—publicly traded securities | $1,260,428 |
| Investments—other securities | $70,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,819,277 |
| Accounts payable and accrued expenses | $137,440 |
| Grants payable | $0 |
| Deferred revenue | $152,258 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $289,698 |
| Net assets without donor restrictions | $2,529,579 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,819,277 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Portland Ovations has recieved totaling $115,472.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Performing Arts | $35,000 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $33,000 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $22,325 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,100 |
National Performance Network Inc New Orleans, LA PURPOSE: Artist Engagement Fund | $5,047 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,417,460 |
| Earnings | -$157,032 |
| Ending Balance | $1,260,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Ovations Portland, ME | $2,819,277 | $2,954,618 |
Winnipesaukee Playhouse Meredith, NH | $4,588,374 | $1,260,967 |
Opera House Arts Stonington, ME | $2,484,317 | $996,461 |
M&j Company Bangor, ME | $6,064,291 | $883,861 |
Maine & Company Portland, ME | $464,139 | $628,199 |
Palaver Strings Incorporated Portland, ME | $70,592 | $548,970 |
Speak About It Portland, ME | $16,113 | $268,457 |
One Longfellow Square Inc Portland, ME | $589,311 | $748,592 |
City Theater Associates Inc 205 Main St Biddeford, ME | $352,461 | $316,671 |
Classical Uprising Brunswick, ME | $24,521 | $0 |
M & D Productions North Conway, NH | $58,960 | $80,615 |
Revels North Inc Lebanon, NH | $55,050 | $69,595 |