Civic Intelligence

The Arts Center Endowment Inc

990 • Fiscal year 2021 • EIN 93-1331912

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

700 SW Madison AveCorvallis, OR 97333

(541) 754-1551

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

93rd percentile

70%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$613,937

Up $119,628 (+24%) from 2020

Net Assets

Up

$613,887

Up $121,226 (+25%) from 2020

Liabilities

Down

$50

Down $1,598 (-97%) from 2020

Revenue

Down

$106,232

Down $19,754 (-16%) from 2020

Expenses

Down

$31,693

Down $13,241 (-29%) from 2020

Net Income

Down

$74,539

Down $6,513 (-8.0%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $281,011Liabilities 2011: $116Net Assets 2011: $280,8952011Assets 2012: $279,621Net Assets 2012: $279,6212012Assets 2013: $292,726Net Assets 2013: $292,7262013Assets 2014: $324,355Liabilities 2014: $3,700Net Assets 2014: $320,6552014Assets 2015: $272,733Liabilities 2015: $10,601Net Assets 2015: $262,1322015Assets 2016: $249,734Liabilities 2016: $2,150Net Assets 2016: $247,5842016Assets 2017: $286,960Net Assets 2017: $286,9602017Assets 2018: $246,496Net Assets 2018: $246,4962018Assets 2019: $406,162Liabilities 2019: $0Net Assets 2019: $406,1622019Assets 2020: $494,309Liabilities 2020: $1,648Net Assets 2020: $492,6612020Assets 2021: $613,937Liabilities 2021: $50Net Assets 2021: $613,8872021Assets 2022: $530,189Liabilities 2022: $3,049Net Assets 2022: $527,1402022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$613,937
Liabilities$50
Net Assets$613,887

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $55,104Expenses 2011: $10,330Net Income 2011: $44,7742011Revenue 2012: $9,519Expenses 2012: $13,677Net Income 2012: -$4,1582012Revenue 2013: $55,314Expenses 2013: $60,571Net Income 2013: -$5,2572013Revenue 2014: $54,859Expenses 2014: $60,535Net Income 2014: -$5,6762014Revenue 2015: $30,886Expenses 2015: $76,053Net Income 2015: -$45,1672015Revenue 2016: $22,037Expenses 2016: $20,695Net Income 2016: $1,3422016Revenue 2017: $41,599Expenses 2017: $17,521Net Income 2017: $24,0782017Revenue 2018: $34,790Expenses 2018: $63,465Net Income 2018: -$28,6752018Revenue 2019: $216,823Expenses 2019: $53,766Net Income 2019: $163,0572019Revenue 2020: $125,986Expenses 2020: $44,934Net Income 2020: $81,0522020Revenue 2021: $106,232Expenses 2021: $31,693Net Income 2021: $74,5392021Revenue 2022: $88,839Expenses 2022: $44,911Net Income 2022: $43,9282022Revenue 2023: $21,280Expenses 2023: $595,139Net Income 2023: -$573,8592023

Highlighted filing

2021

Revenue$106,232
Expenses$31,693
Net Income$74,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.0
Gross Receipts
$279,225
Mission and Program Overview

Mission

The arts center endowment, inc is a supporting organization created to benefit the corvallis arts center. The corvallis arts center promotes and encourages creative efforts in the arts, fosters appreciation of the arts, cooperates with other organizations, agencies, and individuals of similar cultural and educational interests in the community, and acts as a nonprofit organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$470,533$593,468▲ $122,935
Savings and Temporary Cash Investments$23,776$20,469▼ $3,307
Total Assets$494,309$613,937▲ $119,628
Liabilities
Accounts Payable and Accrued Expenses$1,648--
Other Liabilities-$50-
Total Liabilities$1,648$50▼ $1,598
Net Assets / Fund Balance
Net Assets With Donor Restrictions$386,877$469,944▲ $83,067
Net Assets Without Donor Restrictions$105,784$143,943▲ $38,159
Total Net Assets Fund Balance$492,661$613,887▲ $121,226
Total Liabilities and Net Assets / Fund Balance$494,309$613,937▲ $119,628

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$386,877$22,876▲ $85,591-$469,944
2019$356,477$54,344▲ $19,292-$386,877
2018$180,684$195,618▲ $13,675-$356,477
2017$174,334$5,450▲ $10,705-$180,684
2016$142,270$22,032▲ $20,032-$174,334
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas SteelePresident
Dr Deborah JohnDirector
Frank HannDirector
Morgen DanielsSecretary
Therese MisnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,991
Program Service Revenue
$0
Investment Income
$60,241
Other Revenue
$0
All Other Contributions
$45,991
Change in Net Assets
$74,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,400
Other Expenses$6,293
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,400--$25,400
Fees for Services Accounting-$4,800-$4,800
Office Expenses-$1,244-$1,244
Other Expenses-$50-$50
Total Functional Expenses$25,400$6,293$0$31,693
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Corvallis Arts Center IncCorvallis, OR501c3To Support the Arts$25,400
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Corvallis Arts Center$50
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization does not have committees.

Form 990, Page 6, Part VI, Line 11B

The annual form 990 is reviewed by the members of the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
The Arts Center Endowment
EIN
93-1331912
Phone
5417541551
Address
700 SW MADISON AVE, CORVALLIS, OR 97333

Signing Officer

Name
Therese Misner
Title
Treasurer
Phone
5417541551
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Therese Misner
Formed
2002
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Jones & Roth Pc
Address
5635 NE ELAM YOUNG PKWY STE 100, HILLSBORO, OR 97124-6488
Preparer
Laura E Mckay
Phone
5036480521
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The arts center endowment, inc is a supporting organization created to benefit the corvallis arts center. The corvallis arts center promotes and encourages creative efforts in the arts, fosters appreciation of the arts, cooperates with other organizations, agencies, and individuals of similar cultural and educational interests in the community, and acts as a nonprofit organization.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To support the arts by providing annual financial support to the corvallis arts center, inc, a 501(c)(3) organization, to help achieve the mission of the arts center endowment, inc.

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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020032
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CORVALLIS ARTS CENTER
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.59220
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE ARTS BY PROVIDING ANNUAL FINANCIAL SUPPORT TO THE CORVALLIS ARTS CENTER, INC, A 501(C)(3) ORGANIZATION, TO HELP ACHIEVE THE MISSION OF THE ARTS CENTER ENDOWMENT, INC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.40780
IRS990ScheduleD/TotalLiabilityAmt050
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt025400
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE ARTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CORVALLIS ARTS CENTER INC
IRS990ScheduleI/RecipientTable/RecipientEIN0936027995
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0700 SW MADISON AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CORVALLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd097333
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A TYPE II SUPPORTING ORGANIZATION WHICH PROVIDES FINANCIAL SUPPORT ONLY TO THE CORVALLIS ARTS CENTER, INC, A 501(C)(3) ORGANIZATION. THE MEMBERS OF THE BOARD OF DIRECTORS MONITOR THE SUPPORTING FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ARTS CENTER ENDOWMENT, INC IS A SUPPORTING ORGANIZATION CREATED TO BENEFIT THE CORVALLIS ARTS CENTER. THE CORVALLIS ARTS CENTER PROMOTES AND ENCOURAGES CREATIVE EFFORTS IN THE ARTS, FOSTERS APPRECIATION OF THE ARTS, COOPERATES WITH OTHER ORGANIZATIONS, AGENCIES, AND INDIVIDUALS OF SIMILAR CULTURAL AND EDUCATIONAL INTERESTS IN THE COMMUNITY, AND ACTS AS A NONPROFIT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ANNUAL FORM 990 IS REVIEWED BY THE MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CORVALLIS ARTS CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0936027995
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ARTS EDUC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0700 SW MADISON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CORVALLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd097333
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0494309
IRS990/TotalAssetsEOYAmt0613937
IRS990/TotalAssetsGrp/BOYAmt0494309
IRS990/TotalAssetsGrp/EOYAmt0613937
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045991
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025400
IRS990/TotalFunctionalExpensesGrp/TotalAmt031693
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01648
IRS990/TotalLiabilitiesEOYAmt050
IRS990/TotalLiabilitiesGrp/BOYAmt01648
IRS990/TotalLiabilitiesGrp/EOYAmt050
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0492661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0613887
IRS990/TotalProgramServiceExpensesAmt025400
IRS990/TotalRevenueGrp/ExclusionAmt060241
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0106232
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0494309
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0613937
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 SW MADISON AVE
IRS990/USAddress/CityNm0CORVALLIS
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097333
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0THEARTSCENTER.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THERESE MISNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05417541551
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ARTS CENTER ENDOWMENT
ReturnHeader/Filer/BusinessNameControlTxt0ARTS
ReturnHeader/Filer/EIN0931331912
ReturnHeader/Filer/PhoneNum05417541551
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 SW MADISON AVE
ReturnHeader/Filer/USAddress/CityNm0CORVALLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097333
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930819646
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES & ROTH PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05635 NE ELAM YOUNG PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HILLSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0971246488
ReturnHeader/PreparerPersonGrp/PhoneNum05036480521
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA E MCKAY
ReturnHeader/ReturnTs02022-05-10T12:56:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THERESE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MISNER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.21$5.95$5.74
2022Detailed filing. Detailed filing data is available for this year.$5.30$0.03$5.27$0.89$0.45$0.44
2021Detailed filing. Detailed filing data is available for this year.$6.14$0.00$6.14$1.06$0.32$0.75
2020Detailed filing. Detailed filing data is available for this year.$4.94$0.02$4.93$1.26$0.45$0.81
2019Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$2.17$0.54$1.63
2018Detailed filing. Detailed filing data is available for this year.$2.46$2.46$0.35$0.63$0.29
2017Detailed filing. Detailed filing data is available for this year.$2.87$2.87$0.42$0.18$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.02$2.48$0.22$0.21$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.73$0.11$2.62$0.31$0.76$0.45
2014Detailed filing. Detailed filing data is available for this year.$3.24$0.04$3.21$0.55$0.61$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$2.93$0.55$0.61$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$2.80$0.10$0.14$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.00$2.81$0.55$0.10$0.45