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Nonprofiteer
← LITERARY ARTS INC

Form 990 for tax year 2022

Filed by LITERARY ARTS INC.

Totals

Total revenue
$7,335,872
Total expenses
$4,132,923
Contributions and grants received
$5,962,301
Grants paid
$83,303
Program service revenue
$1,344,504
Investment income
$29,067
Other revenue
$0
Total assets, end of year
$17,962,873
Total liabilities, end of year
$705,705
Net assets or fund balances, end of year
$17,257,168
Program services expenses (Part IX)
$2,642,043
Management and general expenses
$529,133
Fundraising expenses
$961,747
Program service expenses (Part III)
$2,642,043

Program services were 63.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $308,405

  • 1f · All other contributions, gifts and grants

    $5,653,896

  • 1g · Noncash contributions included above

    $318,051

  • 2a · Program service revenue: TICKET REVENUE

    total $1,087,589 · related or exempt $1,087,589

  • 2b · Program service revenue: PRODUCTION FEES

    total $256,915 · related or exempt $256,915

  • 3 · Investment income

    total $29,067 · excluded $29,067

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $83,303 · program services $83,303

  • 5 · Compensation of officers, directors and key employees

    total $246,119 · program services $86,142 · management and general $36,918 · fundraising $123,059

  • 7 · Other salaries and wages

    total $1,204,332 · program services $773,294 · management and general $162,971 · fundraising $268,067

  • 8 · Pension plan contributions

    total $34,420 · program services $20,927 · management and general $4,717 · fundraising $8,776

  • 9 · Other employee benefits

    total $153,768 · program services $93,275 · management and general $21,082 · fundraising $39,411

  • 10 · Payroll taxes

    total $103,704 · program services $61,618 · management and general $14,283 · fundraising $27,803

  • 11b · Fees: legal

    total $100 · management and general $100

  • 11c · Fees: accounting

    total $116,710 · management and general $116,710

  • 11e · Fees: professional fundraising services

    total $147,580 · fundraising $147,580

  • 11g · Fees: other

    total $238,865 · program services $62,571 · management and general $25,212 · fundraising $151,082

  • 12 · Advertising and promotion

    total $286,918 · program services $205,910 · management and general $20,418 · fundraising $60,590

  • 13 · Office expenses

    total $55,195 · program services $955 · management and general $49,713 · fundraising $4,527

  • 16 · Occupancy

    total $169,560 · management and general $153,628 · fundraising $15,932

  • 17 · Travel

    total $42,971 · program services $17,577 · management and general $20,667 · fundraising $4,727

  • 22 · Depreciation, depletion and amortization

    total $18,712 · management and general $18,712

  • 23 · Insurance

    total $26,079 · management and general $23,877 · fundraising $2,202

  • 24a · Other expenses: PRODUCTION COSTS

    total $987,430 · program services $986,867 · management and general $127 · fundraising $436

  • 24b · Other expenses: OTHER EXPENSES

    total $217,157 · program services $10,440 · management and general $175,343 · fundraising $31,374

  • 24c · Other expenses: ALLOCATIONS

    total $0 · program services $239,164 · management and general -$315,345 · fundraising $76,181

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,294,031 · end of year $5,683,565

  • 2 · Savings and temporary cash investments

    beginning of year $1,151,903 · end of year $1,163,717

  • 3 · Pledges and grants receivable

    beginning of year $2,090,130 · end of year $2,564,346

  • 4 · Accounts receivable

    beginning of year $24,375 · end of year $24,988

  • 9 · Prepaid expenses and deferred charges

    beginning of year $120,906 · end of year $113,068

  • 10a · Land, buildings and equipment: cost or other basis

    $4,779,587

  • 10b · Land, buildings and equipment: accumulated depreciation

    $426,035

  • 10c · Land, buildings and equipment, net

    beginning of year $3,773,489 · end of year $4,353,552

  • 11 · Investments: publicly traded securities

    beginning of year $1,262,960 · end of year $1,344,089

  • 15 · Other assets

    beginning of year $2,768,079 · end of year $2,715,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,729 · end of year $117,018

  • 19 · Deferred revenue

    beginning of year $437,040 · end of year $502,979

  • 25 · Other liabilities

    beginning of year $27,864 · end of year $85,708

  • 27 · Net assets without donor restrictions

    beginning of year $7,922,450 · end of year $8,459,728

  • 28 · Net assets with donor restrictions

    beginning of year $5,928,790 · end of year $8,797,440

Mission and programs · 2022

Mission

OUR MISSION IS TO ENGAGE READERS, SUPPORT WRITERS, AND INSPIRE THE NEXT GENERATION WITH GREAT LITERATURE.

Activities or mission (Part I)

TO ENGAGE READERS, SUPPORT WRITERS, AND INSPIRE THE NEXT GENERATION WITH GREAT LITERATURE.

  • PORTLAND ARTS & LECTURES BRINGS THE WORLD'S MOST CELEBRATED WRITERS, ARTISTS, AND THINKERS TO OUR COMMUNITY. IN ADDITION TO EVENTS THAT ARE BROADCAST STATEWIDE THROUGH THE ARCHIVE PROJECT PODCAST AND OPB RADIO SHOW, THE PROGRAM CONNECTS READERS AND WRITERS OF ALL AGES WITH CLASSROOM VISITS AND WORKSHOPS. IN FISCAL YEAR 2023, WE OFFERED THESE EVENTS IN A HYBRID FORMAT WITH THE OPTION TO ATTEND LIVE AND/OR ONLINE.

    Expenses $1,021,483 · Revenue $966,062

  • PORTLAND BOOK FESTIVAL BRINGS WRITERS AND READERS OF ALL AGES TOGETHER TO CELEBRATE A SHARED PASSION FOR BOOKS. IN FISCAL YEAR 2023, WE PROVIDED THE FESTIVAL IN A LIVE FORMAT.

    Expenses $582,542 · Revenue $134,410

  • YOUTH PROGRAMS INSPIRE OUR CITY'S YOUTH TO FIND THEIR STORIES AND PLAY AN ACTIVE ROLE IN THE BROADER COMMUNITY. WE PROVIDE OPPORTUNITIES FOR HIGH SCHOOL STUDENTS TO USE THEIR VOICE THROUGH CREATIVE WRITING, Q&AS WITH AUTHORS, STUDENT READINGS, AND SPOKEN WORD PERFORMANCE. MUCH OF OUR WORK PRIORITIZES UNDERSERVED COMMUNITIES, AND WE STRIVE TO MAKE OUR PROGRAMS AS EQUITABLE AS POSSIBLE. IN FISCAL YEAR 2023, MOST OF OUR SERVICES TO YOUTH RETURNED TO IN-PERSON FORMAT.

    Expenses $496,227 · Revenue $47,549

  • OREGON BOOK AWARDS & FELLOWSHIPS PROVIDE FINANCIAL SUPPORT AND RECOGNITION TO PUBLISHED AND EMERGING WRITERS ACROSS OUR STATE. THE PROGRAM ALSO CREATES CONNECTIONS WITH OREGON'S READERS AND WRITERS THROUGH FREE COMMUNITY PROGRAMMING.

    Expenses $303,138 · Grants $83,303 · Revenue $15,410

  • CLASSES AND WORKSHOPS OFFER OPPORTUNITIES FOR WRITERS AT ALL LEVELS TO HONE THEIR CRAFT AND BUILD COMMUNITY THROUGH INTIMATE CLASSES FOCUSED ON SPECIFIC GOALS. DELVE SEMINARS INVITE READERS TO EXPLORE CHALLENGING BOOKS AND ENGAGE IN LIVELY, DISCUSSION-BASED SEMINARS LED BY SCHOLARS, TEACHERS, WRITERS, POETS, AND ARTISTS FROM THE PORTLAND COMMUNITY.

    Expenses $238,653 · Revenue $181,073

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRIAN ANDREW PROCTOR

    EXECUTIVE DIRECTOR

    Total calculated
    $254,679
    From this org
    $231,632
    From related orgs
    $0
    Other
    $23,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,632
    Bonus
    $40,000
    Other
    $0
    Deferred
    $15,400
    Nontaxable benefits
    $7,647
    Filer's total
    $254,679

  • BOB SPELTZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • AMY DONOHUE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • DENNIS STEINMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • JONATHAN HILL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • JILL ABERE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID ANGELI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOAN CIRILLO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GINNIE COOOPER

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • LANA FINLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH GIBBON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY E HIRSCH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MITCHELL S JACKSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSHEELA JAYAPAL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAURICE KING

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANIS MOJGANI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUSTICE ADRIENNE NELSON

    MEMBER AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • CORINNE OISHI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE O'NEIL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAMON PAGAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEOFF TICHENOR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHABRE VICKERS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RENE WATSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCIA WOOD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYDAH DEBIN

    DEPUTY DIRECTOR

    Total calculated
    $171,193
    From this org
    $158,477
    From related orgs
    $0
    Other
    $12,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,477
    Bonus
    $20,000
    Other
    $0
    Deferred
    $4,925
    Nontaxable benefits
    $7,791
    Filer's total
    $171,193

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
A DISCRETIONARY BONUS WAS AWARDED BY THE BOARD OF DIRECTORS TO THE EXECUTIVE DIRECTOR, THE DEPUTY DIRECTOR AND OTHER EMPLOYEES OF THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202322709349301107

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