Twelfth Avenue Arts Association
- Assets
- $18.3m
- Revenue
- $962.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 46-1303364
Organization Overview
Twelfth Avenue Arts Association is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twelfth Avenue Arts Association 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, Twelfth Avenue Arts Association generated $962.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ASSIST IN THE MISSION OF COMMUNITY ROOTS HOUSING BY OBTAINING BENEFICIAL FINANCING TO STRENGTHEN AND ENRICH THE CAPITOL HILL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES THE COMMERCIAL AND GARAGE SPACE WITHIN AN 88-UNIT AFFORDABLE HOUSING APARTMENT BUILDING. THE ORGANIZATION ALSO PROVIDES PERFORMANCE SPACE FOR THE ARTS AND PUBLIC COMMUNITY MEETING SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank F Alvarado III Vice President/treasurer | OfficerTrustee | 1 | $0 |
Eric Snow Secretary | OfficerTrustee | 1 | $0 |
Paul Breckenridge President | OfficerTrustee | 1 | $0 |
Christopher Persons CEO | Officer | 0.1 | $0 |
Bob Fikso Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $962,199 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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 | $1,544 |
| Pension plan accruals and contributions | $36 |
| Other employee benefits | $729 |
| Payroll taxes | $187 |
| Fees for services: Management | $29,711 |
| Fees for services: Legal | $3,193 |
| Fees for services: Accounting | $16,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,838 |
| Information technology | $12 |
| Royalties | $0 |
| Occupancy | $172,942 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $147,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $531,517 |
| Insurance | $35,445 |
| All other expenses | $1,678 |
| Total functional expenses | $1,235,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,651 |
| 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 | $6,133 |
| Net Land, buildings, and equipment | $17,142,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $80,537 |
| Other assets | $318,787 |
| Total assets | $18,347,858 |
| Accounts payable and accrued expenses | $14,677 |
| Grants payable | $0 |
| Deferred revenue | $23,490 |
| 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 | $3,689,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,823 |
| Total liabilities | $3,812,745 |
| Net assets without donor restrictions | $14,535,113 |
| 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 | $18,347,858 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twelfth Avenue Arts Association has recieved totaling $192,944.
| Awarding Organization | Amount |
|---|---|
Ch Development Association Seattle, WA PURPOSE: ENTITY DISSOLUTION, OPERATION ASSUMPTIONS | $192,944 |
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 |