Portland 5 Centers For The Arts Foundation
- Assets
- $140.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, OR
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 93-1122563
Organization Overview
Portland 5 Centers For The Arts Foundation is located in Portland, OR. The organization was established in 1993. 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. Portland 5 Centers For The Arts Foundation 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, Portland 5 Centers For The Arts Foundation generated $1.2m in total revenue. All expenses for the organization totaled $1.3m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE A STRONG CULTURAL ARTS PRESENCE IN THE COMMUNITY BY SUPPORTING PORTLAND ARTS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED JUNE 30, 2021, PORTLAND'5 CENTERS FOR THE ARTS FOUNDATION ("P'5 FOUNDATION") CONTINUED TO ORGANIZE EVENTS AND PROGRAMS TO SUPPORT ARTS EDUCATION AND COMMUNITY ENGAGEMENT. EVENTS INCLUDED 5 VIRTUAL SHOWS, REACHING APPROXIMATELY 36,000 STUDENTS ACROSS MULTNOMAH, CLACKAMAS, AND WASHINGTON COUNTIES, PERFORMED PREDOMINANTLY FOR TITLE I SCHOOLS IN THE PORTLAND METRO AREA THROUGHOUT THE SCHOLASTIC YEAR. P'5 FOUNDATION ALSO CONTINUED WORK ON ITS PILOT PROGRAM TO PROVIDE PORTLAND METRO AREA CLASSROOMS VIRTUAL ACCESS TO ARTISTS AND PERFORMERS FOR ARTS EDUCATION AS A RESPONSE TO COVID-19.
DURING THE YEAR ENDED JUNE 30, 2021, P'5 FOUNDATION PROVIDED $1,000,000 OF SUPPORT FOR THE UPGRADED ACOUSTIC PROJECT IN THE ARLENE SCHNITZER CONCERT HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Kmetz President & Director | OfficerTrustee | 1 | $0 |
Chris Sittner Secretary & Director | OfficerTrustee | 1 | $0 |
Daniel Platt Treasurer & Director | OfficerTrustee | 1 | $0 |
Cinzia Corio-Holman Director | Trustee | 1 | $0 |
Danielle Pacifico-Cogan Director | Trustee | 1 | $0 |
Gary Maffei 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 | $1,203,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,203,023 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,203,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,000 |
| 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 | $85,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,883 |
| Payroll taxes | $6,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,952 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,706 |
| All other expenses | $0 |
| Total functional expenses | $1,269,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,561 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,000 |
| Total assets | $140,561 |
| Accounts payable and accrued expenses | $206 |
| 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 | $89,522 |
| Other liabilities | $0 |
| Total liabilities | $89,728 |
| Net assets without donor restrictions | -$104,200 |
| Net assets with donor restrictions | $155,033 |
| 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 | $140,561 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Portland 5 Centers For The Arts Foundation has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |
The Society For The Promotion Of Japanese Animation Corona, CA | $13,619,220 | $9,492,860 |