Civic Intelligence

Oregon College of Art and Craft

990 • Fiscal year 2016 • EIN 93-0961591

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileWWW.OCAC.EDU
8245 SW Barnes RoadPortland, OR 97225-6349

(503) 297-5544

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.17x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.52x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

3rd percentile

-136%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

87th percentile

$171,733

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 66.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

105%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$2,319,575

Down $482,645 (-17%) from 2015

Net Assets

Down

$1,930,700

Down $472,115 (-20%) from 2015

Liabilities

Down

$388,875

Down $10,530 (-2.6%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin3rd percentile

Revenue

Up

$256,630

Up $131,298 (+105%) from 2015

Expenses

Down

$605,100

Down $6,509 (-1.1%) from 2015

Net Income

Up

-$348,470

Up $137,807 (+28%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,250,003Liabilities 2010: $2,517Net Assets 2010: $4,247,4862010Assets 2011: $4,421,440Liabilities 2011: $175Net Assets 2011: $4,421,2652011Assets 2012: $4,131,791Liabilities 2012: $428,352Net Assets 2012: $3,703,4392012Assets 2013: $3,868,203Liabilities 2013: $419,843Net Assets 2013: $3,448,3602013Assets 2014: $3,484,880Liabilities 2014: $410,237Net Assets 2014: $3,074,6432014Assets 2015: $2,802,220Liabilities 2015: $399,405Net Assets 2015: $2,402,8152015Assets 2016: $2,319,575Liabilities 2016: $388,875Net Assets 2016: $1,930,7002016Assets 2017: $2,144,193Liabilities 2017: $377,749Net Assets 2017: $1,766,4442017Assets 2018: $1,633,778Liabilities 2018: $374,570Net Assets 2018: $1,259,2082018Assets 2019: $703,923Liabilities 2019: $106,230Net Assets 2019: $597,6932019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$2,319,575
Liabilities$388,875
Net Assets$1,930,700
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $597,8972010Revenue 2011: $99,884Expenses 2011: $533,664Net Income 2011: -$433,7802011Revenue 2012: $97,436Expenses 2012: $599,729Net Income 2012: -$502,2932012Revenue 2013: $104,753Expenses 2013: $655,533Net Income 2013: -$550,7802013Revenue 2014: $95,255Expenses 2014: $712,026Net Income 2014: -$616,7712014Revenue 2015: $125,332Expenses 2015: $611,609Net Income 2015: -$486,2772015Revenue 2016: $256,630Expenses 2016: $605,100Net Income 2016: -$348,4702016Revenue 2017: $75,860Expenses 2017: $304,951Net Income 2017: -$229,0912017Revenue 2018: $75,590Expenses 2018: $601,733Net Income 2018: -$526,1432018Revenue 2019: $179,380Expenses 2019: $787,943Net Income 2019: -$608,5632019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2016

Revenue$256,630
Expenses$605,100
Net Income-$348,470
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$782,675
Mission and Program Overview

Mission

To support the oregon college of art and craft as the sole beneficiary of the foundation's activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,613,090$1,626,378▲ $13,288
Land, Buildings, and Equipment, Net$957,672$421,140▼ $536,532
Savings and Temporary Cash Investments$111,900$162,210▲ $50,310
Prepaid Expenses and Deferred Charges$5,241$4,474▼ $767
Cash and Non-Interest-Bearing Accounts$200$185▼ $15
Total Assets$2,802,220$2,319,575▼ $482,645
Other Assets Total$114,117$105,188▼ $8,929
Liabilities
Mortgage Notes Payable Secured by Investment Property$399,405$388,875▼ $10,530
Total Liabilities$399,405$388,875▼ $10,530
Net Assets / Fund Balance
Unrestricted Net Assets$1,022,350$699,336▼ $323,014
Temporarily Rstr Net Assets$803,719$654,618▼ $149,101
Permanently Rstr Net Assets$576,746$576,746→ $0
Total Net Assets Fund Balance$2,402,815$1,930,700▼ $472,115
Total Liabilities and Net Assets / Fund Balance$2,802,220$2,319,575▼ $482,645

Asset Categories

AssetBook ValueDepreciationBasis
Land$225,000-$225,000
Buildings$196,140$24,124$220,264

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,402,815-▲ $85,986$558,101$1,930,700
2015$3,074,643-▼ $114,499$557,329$2,402,815
2014$3,448,360-▲ $281,393$655,110$3,074,643
2013$3,703,439$854▲ $399,600$599,602$3,448,360
2012$4,421,265$50▼ $118,276$562,344$3,703,439
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Micheal LammersChief Financial Officer$108,288$108,288

Board Members and Trustees

NameTitle
Paul KoehlerChair
Denise MullenPresident
Albert Passadore JrVice Chair
Brad LawlissTrustee
Greg HogensenTrustee
Harold GoldsteinTrustee
RANDY O'CONNORTrustee
Richard PriceSecretary
Leigh Stephenson-kuhnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$227,685
Other Revenue
$28,945
Change in Net Assets
$-348,470

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,636
Revenue Not Reported on Financial Statements
$4,994
Revenue Not Reported on Form 990
$-123,645
Other Revenue Adjustments
$4,994
Total Revenue per Audited Statements
$127,991
Total Revenue per Form 990
$256,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$558,101
Other Expenses$46,999
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$558,101--$558,101
Interest-$18,415-$18,415
Fees for Services Management-$15,514-$15,514
Depreciation Depletion-$10,487-$10,487
Insurance-$1,801-$1,801
Other Expenses-$15-$15
Total Functional Expenses$558,101$46,999$0$605,100

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$605,100
Expenses Not Reported on Financial Statements$558,101
Other Expense Adjustments$558,101
Expenses per Audited Statements$46,999
Total Expenses per Audited Statements$46,999
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon College of Art & CraftPortland, OR501 (c)(3)FUND OREGON COLLEGE OF ARTS AND CRAFT'S PROGRAM SERVICES.$558,101
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form is reviewed by members of the board of directors. A copy of the form is placed in an online directory and made available to all directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Trustees are required to annually complete a questionnaire regarding potential conflicts of interest. Trustees are also required to disclose potential conflicts at any time matters come before the board that might cause a conflict and to recuse themselves from voting.”

Form 990, Part VI, Section B, Line 15

“The organization does not have any employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

FORM 990, PART VII:

“The organization does not have employees. The executive director and the cfo are paid by a related party, the supported organization oregon college of art and craft.”

Filing and Contact Details

Filer

Filer Name
Oregon College of Art and Craft
EIN
93-0961591
Phone
5032975544
Address
8245 SW BARNES ROAD, PORTLAND, OR 97225-6349

Signing Officer

Name
Denise Mullen
Title
President
Phone
5032975544
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Mullen
Formed
1987
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Hoffman Stewart & Schmidt Pc
Address
4900 MEADOWS ROAD STE 200, LAKE OSWEGO, OR 97035-3295
Preparer
Shane M Graves
Phone
5032205900
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINES 27-29:

“During the year ended june 30, 2016, it came to the attention of management that a contribution received prior to the year ended june 30, 2015, had been incorrectly recorded as a permanently restricted gift in the college's accounting records. Based on review of the supporting documentation associated with the gift, management concluded that the gift should have been recorded as temporarily restricted. Accordingly, management has recorded a reclassification adjustment in the amount of $650,000 to beginning net assets to move the gift from permanently restricted to temporarily restricted funds.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Financial Statement Notes

PART V, LINE 4:

“The funds are used to fund the purpose of the organization.”

PART X, LINE 2:

“Management does not believe the foundation has any uncertain tax positions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Net assets released from restrictions 4,994.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interfund transfers of grants 558,101.”

Raw XML AppendixShowing 400 of 522 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalExpensesAmt0611609
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0125332
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-348470
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt028945
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0111900
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0162210
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0930391547
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0558101
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0OREGON COLLEGE OF ART AND CRAFT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0558101
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.36220
IRS990ScheduleD/BuildingsGrp/BookValueAmt0196140
IRS990ScheduleD/BuildingsGrp/DepreciationAmt024124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0220264
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02402815
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01930700
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt085986
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0558101
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03074643
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02402815
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-114499
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0557329
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03448360
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03074643
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0281393
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0655110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt055931
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03703439
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0854
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03448360
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0399600
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0599602
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt037256
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04421265
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03703439
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-118276
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0562344
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0558101
IRS990ScheduleD/ExpensesSubtotalAmt046999
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0225000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0225000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-123645
IRS990ScheduleD/OtherExpensesNotIncludedAmt0558101
IRS990ScheduleD/OtherRevenuesNotIncludedAmt04994
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.29870
IRS990ScheduleD/RevenueNotReportedAmt0-123645
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04994
IRS990ScheduleD/RevenueSubtotalAmt0251636
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUNDS ARE USED TO FUND THE PURPOSE OF THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NET ASSETS RELEASED FROM RESTRICTIONS 4,994.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3INTERFUND TRANSFERS OF GRANTS 558,101.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.33910
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0421140
IRS990ScheduleD/TotalExpensesPerForm990Amt0605100
IRS990ScheduleD/TotalRevenuePerForm990Amt0256630
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0127991
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt046999
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0558101
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND OREGON COLLEGE OF ARTS AND CRAFT'S PROGRAM SERVICES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OREGON COLLEGE OF ART & CRAFT
IRS990ScheduleI/RecipientTable/RecipientEIN0930391547
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08245 SW BARNES ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0972256349
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS THE AMOUNTS CONTRIBUTED TO OCAC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0165156
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06577
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DENISE MULLEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0171733
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM IS REVIEWED BY MEMBERS OF THE BOARD OF DIRECTORS. A COPY OF THE FORM IS PLACED IN AN ONLINE DIRECTORY AND MADE AVAILABLE TO ALL DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES ARE REQUIRED TO ANNUALLY COMPLETE A QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS OF INTEREST. TRUSTEES ARE ALSO REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AT ANY TIME MATTERS COME BEFORE THE BOARD THAT MIGHT CAUSE A CONFLICT AND TO RECUSE THEMSELVES FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING THE YEAR ENDED JUNE 30, 2016, IT CAME TO THE ATTENTION OF MANAGEMENT THAT A CONTRIBUTION RECEIVED PRIOR TO THE YEAR ENDED JUNE 30, 2015, HAD BEEN INCORRECTLY RECORDED AS A PERMANENTLY RESTRICTED GIFT IN THE COLLEGE'S ACCOUNTING RECORDS. BASED ON REVIEW OF THE SUPPORTING DOCUMENTATION ASSOCIATED WITH THE GIFT, MANAGEMENT CONCLUDED THAT THE GIFT SHOULD HAVE BEEN RECORDED AS TEMPORARILY RESTRICTED. ACCORDINGLY, MANAGEMENT HAS RECORDED A RECLASSIFICATION ADJUSTMENT IN THE AMOUNT OF $650,000 TO BEGINNING NET ASSETS TO MOVE THE GIFT FROM PERMANENTLY RESTRICTED TO TEMPORARILY RESTRICTED FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT HAVE EMPLOYEES. THE EXECUTIVE DIRECTOR AND THE CFO ARE PAID BY A RELATED PARTY, THE SUPPORTED ORGANIZATION OREGON COLLEGE OF ART AND CRAFT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART X, LINES 27-29:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,319,575
Liabilities
$388,875
Net assets
$1,930,700
Revenue
$256,630
Expenses
$605,100
Net income
-$348,470
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.11$0.60$0.18$0.79$0.61
2018Summary only. Only limited summary data is available for this year.$1.63$0.37$1.26$0.08$0.60$0.53
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.38$1.77$0.08$0.30$0.23
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.39$1.93$0.26$0.61$0.35
2015Detailed filing. Detailed filing data is available for this year.$2.80$0.40$2.40$0.13$0.61$0.49
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.41$3.07$0.10$0.71$0.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.42$3.45$0.10$0.66$0.55
2012Summary only. Only limited summary data is available for this year.$4.13$0.43$3.70$0.10$0.60$0.50
2011Summary only. Only limited summary data is available for this year.$4.42$0.00$4.42$0.10$0.53$0.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.00$4.25$0.60