Portland Art Museum

Organization Overview

Portland Art Museum is located in Portland, OR. The organization was established in 1938. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Portland Art Museum employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Art Museum 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 06/2020, Portland Art Museum generated $27.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $22.3m during the year ending 06/2020. While expenses have increased by 4.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM DEVOTES 90% OF ITS GALLERIES TO ITS PERMANENT COLLECTION, WHICH CONSISTS OF MORE THAN 50,000 OBJECTS. IT ALSO MAINTAINS AN AMBITIOUS SPECIAL EXHIBITION PROGRAM. HIGHLIGHTS FROM FISCAL YEAR 2022 INCLUDE: QUEEN NEFERTARI'S EGYPT; PRIVATE LIVES, HOME AND FAMILY IN THE ART OF THE NABIS, PARIS, 1889-1900; VENICE VR EXPANDED; SHARITA TOWNE AND A BLACK ECOLOGY OF PORTLAND; MESH; AND FRIDA KAHLO, DIEGO RIVERA AND MEXICAN MODERNISM.


THE LEARNING AND COMMUNITY PARTNERSHIPS TEAM AT THE PORTLAND ART MUSEUM WORKS TO OFFER A FULL SPECTRUM OF PROGRAMS AND OUTREACH INITIATIVES THAT PROMOTE LIFELONG LEARNING AND BUILD CONNECTIONS TO OUR LOCAL COMMUNITY. THROUGH PROGRAMS, PARTNERSHIPS, AND COMMUNITY ADVISORY PROCESSES, THE MUSEUM STRIVES TO BE MORE THAN JUST A COLLECTION OF OBJECTS AND ARTWORK, BUT ALSO TO BE A PLACE WHERE CONVERSATIONS ABOUT THE WORLD AROUND US TAKE PLACE.


THE MUSEUM'S CENTER FOR AN UNTOLD TOMORROW IS A YEAR-ROUND ORGANIZATION AND SPACE WHERE ARTISTS AND AUDIENCES EXPLORE OUR REGION AND THE WORLD THROUGH CINEMA AND CINEMATIC STORYTELLING IN ALL ITS FORMS. ITS MISSION IS TO EXPAND THE REACH OF CINEMA AS AN ART FORM AND CHALLENGE FOR WHOM, BY WHOM AND HOW STORIES CAN BE TOLD.THROUGH ITS NON-TRADITIONAL, UNBOUND FESTIVALS, SCREENINGS, EVENTS, CO:LABORATORY ADULT AND YOUTH CLASSES AND WORKSHOPS, AUDIENCES AND ARTISTS FORM CONNECTIONS THAT BIND OUR COMMUNITY AND ENCOURAGE A MORE VIBRANT, ACCESSIBLE, AND DIVERSE MEDIA-ARTS ECOSYSTEM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Community Counseling Service Co Llc
Fundraising Consultants
$532,000
Hennebery Eddy Architects Inc
Architectural Services
$547,395
Ma Mortenson Company
Construction Contractors
$356,392
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$22,647,279
Investment income $1,315,808
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $679,821
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 $468,442
Miscellaneous Revenue$0
Total Revenue $27,542,215

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Portland Art Museum has recieved totaling $525,000.

Awarding OrganizationAmount
Edward And Cynthia Maletis Foundation

Seattle, WA

PURPOSE: ART EXHIBITS

$510,000
Lamb-Baldwin Foundation

Lake Oswego, OR

PURPOSE: UNDERWRITING FREE ADMISSION AND FAMILY ACTIVITIES AT THE MUSEUM

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$69,873,926
Earnings-$6,071,628
Net Contributions$4,093,995
Other Expense$4,401,123
Ending Balance$63,495,170

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