The Arts Center Endowment Inc
- Assets
- $613.9k
- Revenue
- $106.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Corvallis, OR
- Founding
- 08/2002
- Data as of
- 06/2021
- EIN
- 93-1331912
Organization Overview
The Arts Center Endowment Inc is located in Corvallis, OR. The organization was established in 2002. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Center Endowment 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 06/2021, Arts Center Endowment Inc generated $106.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $31.7k during the year ending 06/2021. While expenses have increased by 7.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTS CENTER ENDOWMENT, INC IS A SUPPORTING ORGANIZATION CREATED TO BENEFIT THE CORVALLIS ARTS CENTER. THE CORVALLIS ARTS CENTER PROMOTES AND ENCOURAGES CREATIVE EFFORTS IN THE ARTS, FOSTERS APPRECIATION OF THE ARTS, COOPERATES WITH OTHER ORGANIZATIONS, AGENCIES, AND INDIVIDUALS OF SIMILAR CULTURAL AND EDUCATIONAL INTERESTS IN THE COMMUNITY, AND ACTS AS A NONPROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE CORVALLIS ARTS CENTER, INC, A NONPROFIT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Steele President | OfficerTrustee | 3 | $0 |
Therese Misner Treasurer | OfficerTrustee | 1 | $0 |
Morgen Daniels Secretary | OfficerTrustee | 1 | $0 |
Frank Hann Director | Trustee | 1 | $0 |
Dr Deborah John Director | Trustee | 1 | $0 |
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 | $45,991 |
| Noncash contributions included in lines 1a–1f | $16,563 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,991 |
| Total Program Service Revenue | $0 |
| Investment income | $8,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,400 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,244 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,469 |
| 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 | $593,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,937 |
| 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 | $50 |
| Total liabilities | $50 |
| Net assets without donor restrictions | $143,943 |
| Net assets with donor restrictions | $469,944 |
| 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 | $613,937 |
Endowment Analysis
| Beg. Balance | $386,877 |
| Earnings | $85,591 |
| Net Contributions | $22,876 |
| Grants | $25,400 |
| Ending Balance | $469,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Elderheart Inc Sisters, OR | $6,200,437 | $6,066,501 |
Gage Academy Of Art Seattle, WA | $3,068,571 | $2,623,877 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Pratt Fine Arts Center Seattle, WA | $7,081,159 | $1,908,130 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Woodworth Family Foundation Tacoma, WA | $16,382,874 | $3,452,473 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |
American Society Of Media Photographers Inc San Francisco, CA | $534,568 | $1,162,030 |