Yaquina Art Association Inc
- Assets
- $722.6k
- Revenue
- $139.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, OR
- Founding
- 03/1960
- Data as of
- 12/2023
- EIN
- 93-6031963
Organization Overview
Yaquina Art Association Inc is located in Newport, OR. The organization was established in 1960. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. Yaquina Art Association 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 12/2023, Yaquina Art Association Inc generated $139.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $117.4k during the year ending 12/2023. While expenses have increased by 16.6% per year over the past 5 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
TO TEACH AND FURTHER THE PURSUIT AND APPRECIATION OF THE VISUAL ARTS AND CRAFTS, TO EXHIBIT AND PROVIDE AN OUTLET FOR THE BENEFIT OF THE ASSOCIATION AND MEMBERSHIP AS WELL AS THE COMMUNITY AND NOT THE BENEFIT OF ANY ONE INDIVIDUAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE ART CLASSES FOR ITS MEMBERS AND THE GENERAL PUBLIC. WATERCOLOR, OILS, ACRYLIC, COLORED PENCIL, PASTEL, AND PHOTOGRAPHY. TEACHERS VOLUNTEER THEIR TIME TO TEACH CLASSES. THE ASSOCIATION PROVIDES SOME SUPPLIES AT VERY LOW PRICES. CLASSES ARE HELD MONDAY THROUGH THURSDAY EVERY WEEK OF THE YEAR. WE PROVIDE AN ART LIBRARY TO HELP INDIVIDUALS ATTENDING THE CLASSES.
THE ASSOCIATION PROVIDES A GALLERY WHERE THE MEMBERS CAN DISPLAY AND SELL THEIR ART. MEMBERS VOLUNTEER THEIR TIME FOR THE RUNNING OF THE GALLERY. THE SALE OF ART PROVIDES INCOME SO MEMBERS CAN PURSUE THEIR ART. THE COMMISSION THE ASSOCIATION RECEIVES PAYS FOR SCHOLARSHIPS, CLASSES AND EXPENSES FOR MAINTAINING THE GALLERY.
DONATION TO A SCHOLARSHIP FUND ADMINISTERED BY OREGON STATE UNIVERSITY FOUNDATION. SCHOLARSHIPS ARE AWARDED TO OREGON STATE UNIVERSITY ART STUDENTS TO PAY FOR TUITION AND/OR OTHER SCHOOL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hartwell President | OfficerTrustee | 1 | $0 |
Mark Cheney Vice Preside | OfficerTrustee | 1 | $0 |
Mary Young Treasurer | OfficerTrustee | 1 | $0 |
Marianne St Marie Secretary | OfficerTrustee | 1 | $0 |
Shirley Steinhauser Board Member | Trustee | 1 | $0 |
Jeff Bertuliet Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,660 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,417 |
| Total Program Service Revenue | $121,178 |
| Investment income | $446 |
| 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 | $139,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $0 |
| 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 | $2,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,974 |
| Travel | $2,700 |
| 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 | $4,217 |
| All other expenses | $1,160 |
| Total functional expenses | $117,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,002 |
| Savings and temporary cash investments | $101,190 |
| 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 | $578,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $722,597 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $722,597 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $722,597 |