Port Angeles Waterfront Center
- Assets
- $63.6m
- Revenue
- $5.9m
- Investments
- $3.3m
- Employees
- 51
- Location
- Port Angeles, WA
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-3062077
Organization Overview
Port Angeles Waterfront Center is located in Port Angeles, WA. The organization was established in 2016. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Port Angeles Waterfront Center employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Angeles Waterfront Center 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, Port Angeles Waterfront Center generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. 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 PORT ANGELES WATERFRONT CENTER IS A HOME FOR ARTS AND EVENTS THAT BRING PEOPLE TOGETHER AND STRENGTHENS OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN, CONSTRUCT, AND OPERATE A PERFORMING, FINE ARTS CENTER, AND CONFERENCE FACILITY IN PORT ANGELES, WASHINGTON.CONSTRUCTION WAS COMPLETED DURING 2023 AND THE FACILITY, DBA FIELD ARTS & EVENTS HALL, OPENED IN JULY OF 2023. FIELD HALL IS A STATE-OF-THE-ART, MULTI-PURPOSE ARTS AND EVENTS CENTER, GALLERY, THEATER, COFFEE BAR AND CONFERENCE CENTER ON THE PORT ANGELES WATERFRONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Morris Vice President | OfficerTrustee | 8 | $0 |
Jeanne Martin Treasurer | OfficerTrustee | 8 | $0 |
Christopher Thomsen Secretary | OfficerTrustee | 8 | $0 |
Brooke Taylor President | OfficerTrustee | 8 | $0 |
Bruce Skinner Director | Trustee | 8 | $0 |
Scott Scherer Director | Trustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ma Mortenson Company Construction | 12/30/23 | $14,753,648 |
Lmn Architects Architects | 12/30/23 | $444,046 |
Miller Construction Construction | 12/30/23 | $221,147 |
Buck's Northwest Landscaping Landscaping | 12/30/23 | $119,092 |
Vanir Construction | 12/30/23 | $186,599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,169,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,117,541 |
| Noncash contributions included in lines 1a–1f | $26,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,286,677 |
| Total Program Service Revenue | $449,625 |
| Investment income | $118,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,305 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,888,579 |
| 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. | $164,435 |
| Compensation of current officers, directors, key employees. | $12,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,979 |
| Pension plan accruals and contributions | $7,886 |
| Other employee benefits | $52,007 |
| Payroll taxes | $78,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,663 |
| Fees for services: Other | $222,559 |
| Advertising and promotion | $73,741 |
| Office expenses | $66,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,580 |
| Travel | $28,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $595,212 |
| Insurance | $90,598 |
| All other expenses | $0 |
| Total functional expenses | $2,693,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $954,846 |
| 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 | $133,583 |
| Net Land, buildings, and equipment | $57,432,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,276,252 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $416,088 |
| Total assets | $63,621,172 |
| Accounts payable and accrued expenses | $831,881 |
| Grants payable | $0 |
| Deferred revenue | $67,471 |
| 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 | $9,549,655 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $278,210 |
| Total liabilities | $10,727,217 |
| Net assets without donor restrictions | $48,678,109 |
| Net assets with donor restrictions | $4,215,846 |
| 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 | $63,621,172 |