Port Angeles Waterfront Center
- Assets
- $42.8m
- Revenue
- $3.9m
- Investments
- $3.8m
- Employees
- 3
- Location
- Port Angeles, WA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3062077
Organization Overview
Port Angeles Waterfront Center is located in Port Angeles, WA. The organization was established in 2016. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Port Angeles Waterfront Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Angeles Waterfront Center 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, Port Angeles Waterfront Center generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $732.1k 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
THE PORT ANGELES WATERFRONT CENTER IS A HOME FOR ARTS AND EVENTS THAT BRING PEOPLE TOGETHER AND STRENGTHENS OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN AND CONSTRUCT A PERFORMING AND FINE ARTS CENTER AND CONFERENCE FACILITY IN PORT ANGELES, WASHINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Fidler Prior Executive Director | Officer | 40 | $83,652 |
Steven Ginsburg Executive Director | Officer | 40 | $57,980 |
S Brooke Taylor President | OfficerTrustee | 8 | $0 |
Judith Morris Vice President | OfficerTrustee | 8 | $0 |
Christopher Thomsen Secretary | OfficerTrustee | 8 | $0 |
Jeanne Martin Treasurer | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ma Mortenson Company Construction | 12/30/20 | $16,934,854 |
Vanir Construction Management | 12/30/20 | $285,314 |
Lmn Architects Architectural | 12/30/20 | $907,512 |
Ma Mortenson Company Construction | 12/30/20 | $16,934,854 |
Krazan & Associates Construction | 12/30/20 | $121,024 |
Lmn Architects Architectural | 12/30/20 | $907,512 |
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 | $3,185,571 |
| Noncash contributions included in lines 1a–1f | $1,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,185,571 |
| Total Program Service Revenue | $0 |
| Investment income | $78,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $684,259 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,947,950 |
| 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. | $153,476 |
| Compensation of current officers, directors, key employees. | $11,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,422 |
| Pension plan accruals and contributions | $1,084 |
| Other employee benefits | $12,135 |
| Payroll taxes | $14,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,764 |
| Advertising and promotion | $13,705 |
| Office expenses | $19,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,269 |
| Travel | $51,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,634 |
| All other expenses | $0 |
| Total functional expenses | $732,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $779,536 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $5,287 |
| Net Land, buildings, and equipment | $1,766,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,796,079 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,639,371 |
| Total assets | $42,802,752 |
| Accounts payable and accrued expenses | $20,037 |
| 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 | $10,279,848 |
| Total liabilities | $10,299,885 |
| Net assets without donor restrictions | $27,927,252 |
| Net assets with donor restrictions | $4,575,615 |
| 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 | $42,802,752 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Port Angeles Waterfront Center has recieved totaling $73,707.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TWO NEW POSITIONS | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $23,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Endowment Analysis
| Beg. Balance | $3,384,654 |
| Earnings | $553,084 |
| Admin Expense | $20,873 |
| Other Expense | $120,786 |
| Ending Balance | $3,796,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Alaska Center For The Performing Arts Inc Anchorage, AK | $5,252,676 | $3,325,107 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Craterian Performances Company Medford, OR | $5,606,742 | $1,921,347 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |