Arts Council Of Lake Oswego
- Assets
- $388.0k
- Revenue
- $306.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Lake Oswego, OR
- Founding
- 03/2000
- Data as of
- 06/2023
- EIN
- 93-1278854
Organization Overview
Arts Council Of Lake Oswego is located in Lake Oswego, OR. The organization was established in 2000. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Arts Council Of Lake Oswego employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Council Of Lake Oswego 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, Arts Council Of Lake Oswego generated $306.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $339.4k during the year ending 06/2023. While expenses have increased by 7.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE(ACLO) WORKS TO ENSURE THAT ARTS ARE AN INTEGRAL PART OF LIFE IN OUR COMMUNITY, NOW AND INTO THE FUTURE. ACLO FACILITATES THE PLACEMENT AND PRESERVATION OF PUBLIC ART IN LAKE OSWEGO, PROVIDES ACCESS TO ART EXHIBITS FOR RESIDENTS, VISITORS, & ADVANCES LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALLARY WITHOUT WALLS: ON BEHALF OF CITY OF LAKE OSWEGO, MANAGED OUTDOOR SCULPTURE ON THE STREETS; INSTALLED AND DEINSTALLED SCLUPTURES ON LOAN FROM ARTISTS; HELD PUBLIC VOTE FOR FAVORITE SCULPTURE TO PURCHASE FOR CITYS PERMANENT COLLECTION; HELD CELEBRATION AND DOCENT LED TOURS OF THE 30 PUBLIC SCULPTURES IN THE ROTATING GALLERY WITHOUT WALLS; OVERSIGHT, MANAGEMENT & MAINTENANCE OF CITY OF LAKE OSWEGO PERMANENT PUBLIC ART COLLECTION.
PUBLIC ART ACQUISITION: ANNUALLY THE ARTS COUNCIL ACQUIRES ONE NEW ART SCULPTURE FOR THE CITY OF LAKE OSWEGO VIA THE POPULAR PEOPLES CHOICE ACTIVITY. MEMBERS OF THE COMMUNITY VOTE FOR ONE OF THE SCULPTURES ON EXHIBIT THROUGHOUT THE COMMUNITY TO ADD TO THE CITYS PERMANENT COLLECTION.
ART MART - MEMBERS OF THE COMMUNITY CAN DONATE THEIR OLD COLLECTIBLES AND ARTWORKS TO MAKE ROOM IN THEIR HOMES FOR SOMETHING NEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Nathan Executive Director | 50 | $78,733 | |
James Frank Director | Trustee | 5 | $0 |
Mathew Borghard Director | Trustee | 5 | $0 |
Elizabeth Sattelberger Director | Trustee | 5 | $0 |
Lynne Naughton Director | Trustee | 5 | $0 |
Patrick Gutierrez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,901 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,816 |
| Total Program Service Revenue | $205,979 |
| Investment income | $4,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,634 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,970 |
| 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. | $78,733 |
| Compensation of current officers, directors, key employees. | $20,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,692 |
| Payroll taxes | $12,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,376 |
| Advertising and promotion | $0 |
| Office expenses | $12,624 |
| 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 | $0 |
| Insurance | $2,679 |
| All other expenses | $3,052 |
| Total functional expenses | $339,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$12,818 |
| Savings and temporary cash investments | $400,813 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $387,995 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,121 |
| Total liabilities | $4,121 |
| Net assets without donor restrictions | $0 |
| 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 | $383,874 |
| Total liabilities and net assets/fund balances | $387,995 |