Corvallis Arts Center Inc
- Assets
- $245.7k
- Revenue
- $422.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Corvallis, OR
- Founding
- 11/1965
- Data as of
- 06/2021
- EIN
- 93-6027995
Organization Overview
Corvallis Arts Center Inc is located in Corvallis, OR. The organization was established in 1965. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Corvallis Arts Center Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corvallis Arts Center 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, Corvallis Arts Center Inc generated $422.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $371.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. 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
FOSTERING CREATIVITY AND ENGAGEMENT WITH THE ARTS, TO INSPIRE PERSONAL GROWTH AND COMMUNITY WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS INCLUDE ART CLASSES, WORKSHOPS, AND OPEN STUDIOS TAUGHT AT THE CENTER, AS WELL AS EXTENSIVE ON-SITE ARTS AND CULTURE PROGRAMMING. THROUGH THE OUTREACH PROGRAMS, THE CENTER WORKS WITH LOCAL SCHOOLS TO INTEGRATE ENGAGING ARTS LEARNING WITH OTHER CLASSROOM SUBJECTS THROUGH PROJECT-BASED LEARNING ACTIVITIES. TWO SUBSETS OF THIS PROGRAM ARE THE YOUNG ARTISTS PROGRAM IN WHICH IDENTIFIED AT-RISK YOUTH ARE TAUGHT HEALTHY AND ARTISTIC OUTLETS OF EXPRESSION AND THE ARTIST ACCELERATOR PROGRAM THAT SUPPORTS ARTISTIC, PROFESSIONAL, AND BUSINESS DEVELOPMENT FOR WORKING ARTISTS OF THE REGION. PROGRAMMING INCLUDES A SPEAKER SERIES, RESIDENCY PROGRAM, AND A SUMMER EXPERIENTIAL COMMUNITY ARTS EVENT.
EXHIBITIONS ARE PRESENTED BY THE CENTER TO PROMOTE ARTISTS' WORK, TAKING THE FORM OF GALLERIES, PERFORMANCES, AND OTHER EXHIBITION DISPLAYS.
ARTSHOP PROMOTES LOCAL ARTISTS AND FACILITATES THE SALE OF THEIR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Spencer Executive Di | Officer | 40 | $43,767 |
Kimberly Long Secretary | OfficerTrustee | 1 | $0 |
Pat Berman President | OfficerTrustee | 3 | $0 |
Ann Buchele Past Preside | OfficerTrustee | 1 | $0 |
Brian Egan Treasurer | OfficerTrustee | 2 | $0 |
Morgen Daniels Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,766 |
| Fundraising events | $12,439 |
| Related organizations | $25,400 |
| Government grants | $86,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,860 |
| Noncash contributions included in lines 1a–1f | $16,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,667 |
| Total Program Service Revenue | $32,512 |
| Investment income | $117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,243 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,108 |
| 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. | $56,608 |
| Compensation of current officers, directors, key employees. | $44,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,012 |
| Pension plan accruals and contributions | $2,153 |
| Other employee benefits | $6,961 |
| Payroll taxes | $19,458 |
| 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 | $19,600 |
| Advertising and promotion | $14,400 |
| Office expenses | $17,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,631 |
| 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 | $2,072 |
| Insurance | $5,402 |
| All other expenses | $0 |
| Total functional expenses | $371,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,353 |
| Savings and temporary cash investments | $215,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $532 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $245,691 |
| Accounts payable and accrued expenses | $7,874 |
| Grants payable | $0 |
| Deferred revenue | $6,383 |
| 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 | $5,235 |
| Total liabilities | $19,492 |
| Net assets without donor restrictions | $14,285 |
| Net assets with donor restrictions | $211,914 |
| 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 | $245,691 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Corvallis Arts Center Inc has recieved totaling $32,558.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Arts Education | $22,500 |
Benton Community Foundation Corvallis, OR PURPOSE: NO SCHOOL ART DAYS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
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 |