Partnership Inc
- Assets
- $3.9m
- Revenue
- $245.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Juneau, AK
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-4451460
Organization Overview
Partnership Inc is located in Juneau, AK. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Partnership 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, Partnership Inc generated $245.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $101.0k during the year ending 06/2021. 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 MISSION OF THE PARTNERSHIP IS TO DESIGN, FUND, AND CONSTRUCT THE NEW JUNEAU ARTS AND CULTURAL CENTER (JACC).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE NEW JACC IS TO CONSTRUCT A BUILDING THAT BRINGS TOGETHER ARTISTIC AND CULTURAL ACTIVITIES. IT WILL BE A MULTI-PURPOSE FACILITY SERVING AS A HOME FOR THE JUNEAU ARTS & HUMANITIES COUNCIL & OTHER ARTS ORGANIZATIONS, AND WILL PROVIDE SPACE FOR PERFORMANCES, EXHIBITS, CELEBRATIONS AND GATHERINGS FOR THE ENGAGEMENT AND IMPROVEMENT OF THE JUNEAU COMMUNITY. THERE WAS 15,189 OF CAPITALIZED EXPENSES FOR THE PRE-CONSTRUCTION OF THIS FACILITY IN FY21. CONTINUED WORK TO RAISE THE FUNDS NEEDED TO COMPLETE DESIGN AND BEGIN CONSTRUCTION. BEGAN EXPLORING A POTENTIAL PRIVATE-PUBLIC PARTNERSHIP WITH OTHER NON- PROFIT ORGANIZATIONS AND MUNICIPAL GOVERNMENT, THAT WOULD ALLOW THE PROJECT TO EXPAND ITS REACH BEYOND THE ARTS AND CULTURE SECTOR, ULTIMATELY ENCOURAGING BROAD PARTICIPATION AND ENGAGEMENT BY THE COMMUNITY AND THE CONVENTION / VISITOR INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Banghart Executive Di | Officer | 20 | $43,440 |
Peter Jurasz Co-Chair | Officer | 1 | $0 |
Annie Calkins Co-Vice Chai | Officer | 1 | $0 |
Bruce Botelho Co-Chair | Officer | 1 | $0 |
Nancy Decherney Secretary | Officer | 1 | $0 |
Karen Crane Co-Vice Chai | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,167 |
| Noncash contributions included in lines 1a–1f | $27,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,214 |
| Total Program Service Revenue | $0 |
| Investment income | $8,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,740 |
| 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. | $41,761 |
| Compensation of current officers, directors, key employees. | $13,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,020 |
| Advertising and promotion | $2,121 |
| Office expenses | $2,407 |
| Information technology | $7,612 |
| 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 | $7,148 |
| All other expenses | -$15,189 |
| Total functional expenses | $100,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $190,381 |
| 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 | $1,463,810 |
| Investments—publicly traded securities | $2,032,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,935,469 |
| Accounts payable and accrued expenses | $4,277 |
| 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 | $14,950 |
| Total liabilities | $19,227 |
| 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 | $3,916,242 |
| Total liabilities and net assets/fund balances | $3,935,469 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Partnership Inc has recieved totaling $54,097.
| Awarding Organization | Amount |
|---|---|
Juneau Community Foundation Juneau, AK | | $54,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldbelt Heritage Foundation Juneau, AK | $678,169 | $2,466,525 |
Centrocultural Mexicano Redmond, WA | $1,206,257 | $2,680,609 |
Path With Art Seattle, WA | $2,031,532 | $2,438,156 |
Asia-Northwest Cultural Education Association Tacoma, WA | $252,423 | $1,459,616 |
Ingersoll Gender Center Seattle, WA | $863,153 | $449,154 |
Northwest Folklife Seattle, WA | $1,273,751 | $1,146,546 |
The Vera Project Seattle, WA | $942,628 | $1,094,389 |
Saint Luke Productions Battle Ground, WA | $1,298,746 | $1,892,714 |
Terrain Programs Spokane, WA | $636,591 | $1,201,482 |
Kirkland Arts Center Kirkland, WA | $771,531 | $769,023 |
Not An Alternative Inc Vashon, WA | $764,959 | $755,874 |
Wenatchee River Institute Leavenworth, WA | $5,684,640 | $1,273,355 |