Centrum Foundation
- Assets
- $3.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Port Townsend, WA
- Founding
- 06/1974
- Data as of
- 12/2021
- EIN
- 23-7348302
Organization Overview
Centrum Foundation is located in Port Townsend, WA. The organization was established in 1974. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Centrum Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centrum Foundation 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 12/2021, Centrum Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THOSE WHO SEEK CREATIVE AND ARTISTIC GROWTH WHILE PRESENTING VISUAL, LITERARY AND PERFORMING ARTS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS, PERFORMANCES AND EDUCATION PROGRAMS: MORE THAN 10,000 PEOPLE PARTAKE IN CENTRUM PROGRAMS EACH YEAR. THE MAJORITY OF ACTIVITY HAPPENS IN THE SUMMER WHEN CENTRUM OFFERS WORKSHOPS IN JAZZ, BLUES, FIDDLE TUNES AND WRITING FOR STUDENTS OF ALL AGES. PERFORMANCES AT THE MCCURDY PAVILION AND WHEELER THEATER, FOR THE BENEFIT OF THE GENERAL PUBLIC, ARE THE CULMINATION OF THE WORKSHOPS. IN ADDITION, CENTRUM OFFERS PROGRAMS SPECIFICALLY FOR WASHINGTON YOUTH, INCLUDING A HIGH SCHOOL SUMMER ARTS CAMP, WATER WORLD (FOR 5TH AND 6TH GRADERS), AND EXPLORATIONS (FOR MIDDLE SCHOOLERS). NEARLY 460 ARTISTS UTILIZE CENTRUM COTTAGES EACH YEAR TO CREATE NEW WORKS.
PUBLIC AWARENESS AND MARKETING ACTIVITIES: CENTRUM ACTIVITIES ARE MARKETED THROUGH BROCHURES, PRINT, RADIO AND TELEVISION ADVERTISING AS WELL AS EXTENSIVELY THROUGH OUR WEBSITE, FACEBOOK, TWITTER AND OTHER SOCIAL NETWORKING SITES. THE WEBSITE FEATURES NEW CONTENT DAILY THROUGH BLOGS AND OTHER MATERIAL PROVIDED BY STAFF, STUDENTS AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rinn Secretary | OfficerTrustee | 2 | $0 |
Mark Hamby Treasurer | Officer | 2 | $0 |
Leah Mitchell President | Officer | 10 | $0 |
Scott Wilson Vice President | Officer | 2 | $0 |
James Costello Director | Trustee | 2 | $0 |
Catharine Robinson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,044,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,456,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,501,366 |
| Total Program Service Revenue | $330,173 |
| Investment income | $14,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $137 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,846,644 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $981,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,255 |
| Payroll taxes | $87,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,600 |
| Advertising and promotion | $72,824 |
| Office expenses | $74,536 |
| Information technology | $186,990 |
| Royalties | $0 |
| Occupancy | $137,979 |
| Travel | $6,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,149 |
| Insurance | $20,070 |
| All other expenses | $42,015 |
| Total functional expenses | $2,376,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,746 |
| Savings and temporary cash investments | $1,693,829 |
| Pledges and grants receivable | $63,166 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,097 |
| Prepaid expenses and deferred charges | $59,425 |
| Net Land, buildings, and equipment | $530,220 |
| Investments—publicly traded securities | $943,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,587 |
| Total assets | $3,437,898 |
| Accounts payable and accrued expenses | $73,186 |
| Grants payable | $0 |
| Deferred revenue | $497,368 |
| 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 | $80,366 |
| Total liabilities | $650,920 |
| Net assets without donor restrictions | $1,581,314 |
| Net assets with donor restrictions | $1,205,664 |
| 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 | $3,437,898 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Centrum Foundation has recieved totaling $1,050,372.
| Awarding Organization | Amount |
|---|---|
Sage Foundation Arlington, WA PURPOSE: REFER TO STATEMENT 12 (FOOTNOTE) OF THIS TAX RETURN | $650,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW TECHNOLOGY AND EQUIPMENT | $182,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: RESILIENCY PHASE ONE | $72,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $54,167 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $30,000 |
L S Sam Shoen Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $30,000 |
Endowment Analysis
| Beg. Balance | $679,110 |
| Net Contributions | $3,000 |
| Ending Balance | $682,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pilchuck Glass School Seattle, WA | $9,596,229 | $3,968,820 |
Centrum Foundation Port Townsend, WA | $3,437,898 | $2,846,644 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Arts Corps Seattle, WA | $962,710 | $1,632,937 |
Young Audiences Of Oregon Inc Portland, OR | $1,248,855 | $1,050,547 |
Twelfth Avenue Arts Association Seattle, WA | $18,347,858 | $962,199 |
Arts Impact Federal Way, WA | $327,544 | $1,207,400 |
Port Townsend School Of The Arts Port Townsend, WA | $1,199,929 | $1,050,284 |
Art 4 Life Portland, OR | $1,444,027 | $2,140,542 |
Willowbrook Center For The Tualatin, OR | $579,948 | $732,983 |
Artwerks Seattle, WA | $680,442 | $1,094,056 |
Sanctuary Art Center Seattle, WA | $314,922 | $553,071 |