Multnomah Art Center Association in Portland, Oregon (OR)
Table of contents:
| Multnomah Art Center Association | |
| Employer Identification Number (EIN) | 930841001 |
| Name of Organization | Multnomah Art Center Association |
| Address | 7688 Sw Capitol Hwy, Portland, OR 97219-2457 |
| Activities | Gifts, grants, or loans to other organizations, Described in section 509(a)(2) of the Code |
| Subsection | Educational Organization |
| Ruling Date | 02/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $321,782 |
| Amount of Income | $67,679 |
| Form 990 Revenue Amount | $45,392 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2014: $67,679 (it was $81,687 in 2013)
| This organization: | $67,679 |
| Other organizations performing similar types of work: | $195,015 |
Assets in 2014: $321,782 (it was $329,488 in 2013)
| This organization: | $321,782 |
| Other organizations performing similar types of work: | $137,152 |
Expenses in 2014: $68,053
| Multnomah Art Center Association: | $68,053 |
| Other organizations performing similar types of work: | $181,390 |
Income to expenses ratio in 2014: 1.0
| Multnomah Art Center Association: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 50.4%
| Multnomah Art Center Association: | 50.4% |
| Other organizations performing similar types of work: | 49.7% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $34,099 | $42,008 | $58,316 | $45,392 |
| Contributions, gifts, grants, and similar amounts received | $11,984 | $12,945 | $29,769 | $22,855 |
| Program service revenue including government fees and contracts | $0 | $0 | $1,056 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $4,387 | $5,011 | $6,514 | $9,313 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $8,017 | $2,066 | $6,865 | $0 |
| Gross profit/loss from sales of inventory | $9,711 | $21,986 | $14,112 | $13,224 |
| Gross sales of inventory, less returns and allowances | $26,322 | $43,862 | $37,483 | $35,511 |
| Less: cost of goods sold | $16,611 | $21,876 | $23,371 | $22,287 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $15,947 | $15,068 | $62,794 | $68,053 |
| Total net assets | $189,653 | $214,857 | $329,398 | $321,579 |
| Excess/Deficit for the year | $18,152 | $26,940 | $-4,478 | $-22,661 |
| Net assets or fund balances at beginning of year | $152,493 | $189,653 | $214,857 | $329,398 |
| Other changes in net assets or fund balances | $19,008 | $-1,736 | $119,019 | $14,842 |
| Net assets or fund balances at end of year | $329,398 | $321,579 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $205,748 | $214,985 | $329,488 | $321,782 |
| Total liabilities | $16,095 | $128 | $90 | $203 |
| Net assets or fund balances | $189,653 | $214,857 | $329,398 | $321,579 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $10,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | St Anns Warehouse Inc | 55 Washington St Ste 458, Brooklyn, NY 11201-1059 | NY | 1984-01 | $5,107,486 |
| 2 | The Wichita Center For The Arts Inc | 9112 E Central Ave, Wichita, KS 67206-2506 | KS | 1935-07 | $3,431,371 |
| 3 | Museum Of Contemporary Art Santa Barbara Inc | 653 Paseo Nuevo, Santa Barbara, CA 93101-3392 | CA | 1979-02 | $3,272,599 |
| 4 | The Ark | 117 N 1st St Ste 40, Ann Arbor, MI 48104-1354 | MI | 1984-03 | $3,164,867 |
| 5 | Oregon Country Fair | 442 Lawrence St, Eugene, OR 97401-2532 | OR | 1985-06 | $2,046,073 |
| 6 | Seward Redesign Inc | 2619 East Franklin Ave, Minneapolis, MN 55406-1300 | MN | 1975-11 | $2,038,214 |
| 7 | Sesame Flyers International Inc | 3510 Church Ave, Brooklyn, NY 11203-2804 | NY | 1992-03 | $1,960,263 |
| 8 | White Bear Center For The Arts | 4971 Long Ave, White Bear Lk, MN 55110-2629 | MN | 1968-05 | $1,938,548 |
| 9 | Sausalito Art Festival Foundation | PO BOX 10, Sausalito, CA 94966-0010 | CA | 2001-08 | $1,854,005 |
| 10 | Westport Arts Center | 51 Riverside Ave, Westport, CT 06880-4215 | CT | 1974-05 | $1,849,261 |
| 11 | Salem Art Association | 600 Mission St Se, Salem, OR 97302-6203 | OR | 1941-11 | $1,242,752 |
| 12 | Sisters Folk Festival Inc | PO BOX 3500 PMB 304, Sisters, OR 97759-3500 | OR | 1996-11 | $646,196 |
| 13 | Corvallis Arts Center Inc | 700 Sw Madison Ave, Corvallis, OR 97333-4514 | OR | 1965-11 | $519,348 |
| 14 | Downtown Events Management Inc, Demi | PO BOX 11647, Eugene, OR 97440-3847 | OR | 1999-06 | $299,697 |
| 15 | Art In The Pearl Inc | PO BOX 5906, Portland, OR 97228-5906 | OR | 1999-08 | $164,778 |
| 16 | Multnomah Art Center Association | 7688 Sw Capitol Hwy, Portland, OR 97219-2457 | OR | 1984-02 | $67,679 |
| 17 | Corvallis Folklore Society | PO BOX 1690, Corvallis, OR 97339-1690 | OR | 1981-07 | $43,695 |
| 18 | Eugene Folklore Society | PO BOX 1645, Eugene, OR 97440-1645 | OR | 1978-07 | $34,747 |
| 19 | High Desert Western Arts Association | Po Box 28, Bend, OR 97709 | OR | 1998-03 | $140 |
| 20 | Tualatin Valley Quilt Guild | Po Box 3248, Tualatin, OR 97062 | OR | 2008-05 | $0 |
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