Beaverton Arts Foundation Inc
- Assets
- $4.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 41
- Location
- Beaverton, OR
- Founding
- 08/1999
- Data as of
- 06/2023
- EIN
- 93-1271238
Organization Overview
Beaverton Arts Foundation Inc is located in Beaverton, OR. The organization was established in 1999. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Beaverton Arts Foundation Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaverton Arts Foundation 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, Beaverton Arts Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 38.9% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT VISUAL & PERFORMING ARTS ACTIVITIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN OUR FIRST INAUGURAL SEASON WE PRESENTED 33 DIVERSE PERFORMANCES OF MUSIC, PUBLIC SPEAKERS, AND THEATER PLUS A FREE-TO-THE-PUBLIC ART GALLERY AND HOSTED 165 OTHER EVENTS AND PERFORMANCES INCLUDING DANCE, CULTURALLY SPECIFIC MUSIC AND OTHER GENRES FROM MOSTLY NONPROFIT LOCAL PRESENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Ayzoukian Executive Di | Officer | 40 | $138,498 |
Lacey Beaty Director | Trustee | 1 | $0 |
Angela Hult Vice Chair | OfficerTrustee | 1 | $0 |
Jim Mccreight Director | Trustee | 1 | $0 |
Myong-Hui Murphy Director | Trustee | 1 | $0 |
Cadence Petros Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,404,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $584,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,989,013 |
| Total Program Service Revenue | $842,437 |
| Investment income | $112,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $211,602 |
| 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 | $3,178,894 |
| 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. | $138,498 |
| Compensation of current officers, directors, key employees. | $35,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,149,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,278 |
| Payroll taxes | $107,441 |
| 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 | $118,620 |
| Advertising and promotion | $113,435 |
| Office expenses | $258,889 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $14,692 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,890,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,160 |
| Savings and temporary cash investments | $3,848,078 |
| Pledges and grants receivable | $686,963 |
| 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 | $37,979 |
| Net Land, buildings, and equipment | $53,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,764,713 |
| Accounts payable and accrued expenses | $176,600 |
| Grants payable | $113,371 |
| Deferred revenue | $308,394 |
| 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 | $598,365 |
| Net assets without donor restrictions | $2,358,675 |
| Net assets with donor restrictions | $1,807,673 |
| 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 | $4,764,713 |
Grants Awarded
Over the last fiscal year, Beaverton Arts Foundation Inc has awarded $43,040 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEAVERTON CIVIC THEATER PURPOSE: Program funding | $21,520 |
ISING COMMUNITY CHOIR PURPOSE: Program funding | $21,520 |