Boom Arts Inc
- Assets
- $185.0k
- Revenue
- $255.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, OR
- Founding
- 03/2015
- Data as of
- 06/2023
- EIN
- 47-2199079
Organization Overview
Boom Arts Inc is located in Portland, OR. The organization was established in 2015. As of 06/2023, Boom Arts Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boom Arts Inc 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 06/2023, Boom Arts Inc generated $255.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $250.8k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOOM ARTS IMAGINES NEW SOCIAL AND POLITICAL POSSIBILITIES THROUGH LIVE PERFORMANCE.BOOM ARTS IS A BOUTIQUE PRESENTER AND PRODUCER OF CONTEMPORARY THEATRE AND PERFORMANCE FROM AROUND THE WORLD. FOUNDED IN 2012, BOOM ARTS HAS REACHED NEARLY 10,000 PORTLANDERS WITH INNOVATIVE PRESENTATIONS OF VITAL AND TIMELY PLAYS AND MULTIDISCIPLINARY PERFORMANCES. WE'VE PRODUCED PERFORMANCES IN THEATRES, GALLERIES, PUBLIC PARKS, LIVING ROOMS, AND OTHER SITES AROUND THE CITY. THROUGH PERFORMANCES AND ACCOMPANYING WORKSHOPS, LECTURES, POST-SHOW DISCUSSIONS, COMMUNITY GATHERINGS, AND OTHER EVENTS, BOOM ARTS IS BUILDING CROSS-CULTURAL BRIDGES, SPARKING COMMUNITY CONVERSATIONS ABOUT IMPORTANT ISSUES, CONNECTING PORTLAND PERFORMING ARTISTS WITH THEIR NATIONAL AND INTERNATIONAL COUNTERPARTS, AND CONTRIBUTING TO OUR CITY'S CULTURE OF COMPASSION, CURIOSITY, AND CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR 2023, BOOM ARTS PRESENTED FOUR PUBLIC PERFORMANCES:*KRISTINA WONG - A SOLO SHOW ABOUT THE PANDEMIC PRESENTED IN PARTNERSHIP WITH PORTLAND CENTER STAGE.*OKINUM - A SOLO SHOW FROM QUEBEC ON INDIGINOUS CULTURE AND LANGUAGE.*BODIES/THIRST TRAP - AN IMMERSIVE SWIMMING POOL SHOW, AND A HOME BATH TUB SHOW ON CLIMATE CHANGE.*APPARATUS OF REPAIR - AN APPARATUS BASED DANCE WORK ON INCARCERATION IN PUBLIC SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pancho Savery PHD Chair | OfficerTrustee | 1 | $0 |
Rene Deras Treasurer | OfficerTrustee | 3 | $0 |
Ruth Ballin Director | Trustee | 1 | $0 |
Kate Merril Director | Trustee | 1 | $0 |
Rafael Morataya Director | Trustee | 1 | $0 |
Claudia Saleeby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,743 |
| Total Program Service Revenue | $43,357 |
| Investment income | $43 |
| 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 | $254,997 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,223 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,589 |
| Advertising and promotion | $4,865 |
| Office expenses | $1,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $614 |
| All other expenses | $0 |
| Total functional expenses | $250,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $185,009 |
| Accounts payable and accrued expenses | $7,211 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,211 |
| Net assets without donor restrictions | $177,798 |
| 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 | $185,009 |