Literary Arts Inc
- Assets
- $14.5m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Portland, OR
- Founding
- 03/1986
- Data as of
- 05/2022
- EIN
- 93-0909494
Organization Overview
Literary Arts Inc is located in Portland, OR. The organization was established in 1986. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Literary Arts Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literary 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 05/2022, Literary Arts Inc generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $3.7m during the year ending 05/2022. While expenses have increased by 11.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE READERS, SUPPORT WRITERS, AND INSPIRE THE NEXT GENERATION WITH GREAT LITERATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTLAND ARTS & LECTURES BRINGS THE WORLD'S MOST CELEBRATED WRITERS, ARTISTS, AND THINKERS TO OUR COMMUNITY. IN ADDITION TO EVENTS THAT ARE BROADCAST STATEWIDE THROUGH THE ARCHIVE PROJECT PODCAST AND OPB RADIO SHOW, THE PROGRAM CONNECTS READERS AND WRITERS OF ALL AGES WITH CLASSROOM VISITS AND WORKSHOPS. IN FISCAL YEAR 2022, WE OFFERED THESE EVENTS IN HYBRID FORMAT WITH THE OPTION TO ATTEND LIVE AND/OR ONLINE.
PORTLAND BOOK FESTIVAL BRINGS WRITERS AND READERS OF ALL AGES TOGETHER TO CELEBRATE A SHARED PASSION FOR BOOKS. IN 2021, THE FESTIVAL WAS PRESENTED ONLINE AND THE CELEBRATION FEATURED AUTHOR EVENTS, READINGS, AND A VIRTUAL BOOK FAIR. IN FISCAL YEAR 2022, WE OFFERED THE FESTIVAL AS BOTH A LIVE AND ONLINE EVENT.
YOUTH PROGRAMS INSPIRE OUR CITY'S YOUTH TO FIND THEIR STORIES AND PLAY AN ACTIVE ROLE IN THE BROADER COMMUNITY. WE PROVIDE OPPORTUNITIES FOR HIGH SCHOOL STUDENTS TO USE THEIR VOICE THROUGH CREATIVE WRITING, Q&AS WITH AUTHORS, STUDENT READINGS, AND SPOKEN WORD PERFORMANCE. MUCH OF OUR WORK PRIORITIZES UNDERSERVED COMMUNITIES, AND WE STRIVE TO MAKE OUR PROGRAMS AS EQUITABLE AS POSSIBLE. IN FISCAL YEAR 2022, MOST OF OUR SERVICES TO YOUTH RETURNED TO IN-PERSON FORMAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Andrew Proctor Executive Director | OfficerTrustee | 40 | $185,311 |
Lydah Debin Deputy Director | 40 | $148,949 | |
Amy Prosenjak Chair | OfficerTrustee | 1.5 | $0 |
Amy Donohue Vice Chair | OfficerTrustee | 1.5 | $0 |
Bob Speltz Vice Chair/treasurer | OfficerTrustee | 1.5 | $0 |
Jonathan Hill Secretary | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $965,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,334,405 |
| Noncash contributions included in lines 1a–1f | $58,602 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,300,059 |
| Total Program Service Revenue | $884,154 |
| Investment income | $19,307 |
| 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 | $11,203,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $232,347 |
| Compensation of current officers, directors, key employees. | $34,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,077,410 |
| Pension plan accruals and contributions | $25,329 |
| Other employee benefits | $120,429 |
| Payroll taxes | $93,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $28,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $393,124 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,714 |
| Advertising and promotion | $201,620 |
| Office expenses | $63,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,425 |
| Travel | $5,524 |
| 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 | $58,845 |
| Insurance | $19,087 |
| All other expenses | $0 |
| Total functional expenses | $3,690,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,294,031 |
| Savings and temporary cash investments | $1,151,903 |
| Pledges and grants receivable | $2,090,130 |
| Accounts receivable, net | $24,375 |
| 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 | $120,906 |
| Net Land, buildings, and equipment | $3,773,489 |
| Investments—publicly traded securities | $1,262,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,768,079 |
| Total assets | $14,485,873 |
| Accounts payable and accrued expenses | $169,729 |
| Grants payable | $0 |
| Deferred revenue | $437,040 |
| 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 | $27,864 |
| Total liabilities | $634,633 |
| Net assets without donor restrictions | $7,922,450 |
| Net assets with donor restrictions | $5,928,790 |
| 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 | $14,485,873 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Literary Arts Inc has recieved totaling $47,600.
| Awarding Organization | Amount |
|---|---|
Swinmurn Family Foundation Dtd 5-22-09 Wilmington, DE PURPOSE: CAPITAL CAMPAIGN | $40,000 |
Franklin And Dorothy Piacentini Charitable Trust Portland, OR PURPOSE: GENERAL SUPPORT | $5,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $2,600 |
Endowment Analysis
| Beg. Balance | $2,647,147 |
| Earnings | $14,824 |
| Net Contributions | $176,741 |
| Other Expense | $82,484 |
| Ending Balance | $2,756,228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ayn Rand Institute The Center For The Advancement Of Objectivism Santa Ana, CA | $17,620,667 | $17,085,722 |
Claremont Inst For The Study Of Statesmanship & Polit Philosophy Upland, CA | $14,003,298 | $9,466,224 |
California Humanities Oakland, CA | $2,781,512 | $6,891,682 |
Partners Asia Oakland, CA | $6,552,828 | $5,792,880 |
Literary Arts Inc Portland, OR | $14,485,873 | $11,203,520 |
Library Foundation Inc Serving The People Of Multnomah County Portland, OR | $22,669,861 | $3,134,177 |
Richard Hugo House Seattle, WA | $7,413,381 | $2,157,328 |
Get Lit Words Ignite Inc Los Angeles, CA | $1,330,397 | $2,322,954 |
Seattle Arts And Lectures Inc Seattle, WA | $2,481,915 | $2,696,759 |
Humanities Washington Seattle, WA | $1,874,322 | $2,110,794 |
Society For Creative Anachronism Inc San Jose, CA | $6,483,503 | $1,391,085 |
Asian Pacific Institute On Gender-Based Violence Oakland, CA | $515,688 | $1,708,443 |