Form 990 for tax year 2023

Filed by LITERARY ARTS INC.

Totals

Total revenue: $9,017,407
Total expenses: $4,320,078
Contributions and grants received: $7,681,785
Grants paid: $65,799
Program service revenue: $1,330,349
Investment income: $111,955
Other revenue: -$106,682
Total assets, end of year: $23,673,282
Total liabilities, end of year: $876,030
Net assets or fund balances, end of year: $22,797,252
Program services expenses (Part IX): $2,518,727
Management and general expenses: $877,935
Fundraising expenses: $923,416
Program service expenses (Part III): $2,518,727

Program services were 58.3% 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.

1c · Fundraising events

$883,241
1e · Government grants (contributions)

$1,861,817
1f · All other contributions, gifts and grants

$4,936,727
1g · Noncash contributions included above

$1,769,102
2a · Program service revenue: TICKET REVENUE

total $1,061,709 · related or exempt $1,061,709
2b · Program service revenue: PRODUCTION FEES

total $268,640 · related or exempt $268,640
3 · Investment income

total $111,955 · excluded $111,955
8a · Fundraising events: gross income

$42,000
8a · Fundraising events: contributions included on line 1c

$883,241
8b · Fundraising events: direct expenses

$148,682
8c · Net income from fundraising events

total -$106,682 · excluded -$106,682

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $65,799 · program services $65,799
5 · Compensation of officers, directors and key employees

total $317,637 · program services $91,840 · management and general $95,977 · fundraising $129,820
7 · Other salaries and wages

total $1,246,992 · program services $677,636 · management and general $326,209 · fundraising $243,147
8 · Pension plan contributions

total $28,882 · program services $15,391 · management and general $8,087 · fundraising $5,404
9 · Other employee benefits

total $146,482 · program services $74,760 · management and general $37,529 · fundraising $34,193
10 · Payroll taxes

total $109,902 · program services $54,296 · management and general $29,547 · fundraising $26,059
11b · Fees: legal

total $50 · management and general $50
11c · Fees: accounting

total $149,067 · management and general $149,067
11e · Fees: professional fundraising services

total $270,366 · fundraising $270,366
11f · Fees: investment management

total $18,214 · management and general $18,214
11g · Fees: other

total $153,056 · program services $74,649 · management and general $58,341 · fundraising $20,066
12 · Advertising and promotion

total $332,021 · program services $225,273 · management and general $27,565 · fundraising $79,183
13 · Office expenses

total $47,985 · program services $550 · management and general $46,811 · fundraising $624
16 · Occupancy

total $138,382 · management and general $138,382
17 · Travel

total $40,210 · program services $20,133 · management and general $6,711 · fundraising $13,366
22 · Depreciation, depletion and amortization

total $5,663 · management and general $5,663
23 · Insurance

total $26,405 · management and general $25,607 · fundraising $798
24a · Other expenses: PRODUCTION COSTS

total $1,007,426 · program services $997,174 · management and general $111 · fundraising $10,141
24b · Other expenses: OTHER EXPENSES

total $215,539 · program services $14,660 · management and general $180,293 · fundraising $20,586
24c · Other expenses: ALLOCATIONS

total $0 · program services $206,566 · management and general -$276,229 · fundraising $69,663

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $5,683,565 · end of year $3,213,399
2 · Savings and temporary cash investments

beginning of year $1,163,717 · end of year $1,717,746
3 · Pledges and grants receivable

beginning of year $2,564,346 · end of year $4,831,806
4 · Accounts receivable

beginning of year $24,988 · end of year $14,050
9 · Prepaid expenses and deferred charges

beginning of year $113,068 · end of year $95,083
10a · Land, buildings and equipment: cost or other basis

$1,204,186
10b · Land, buildings and equipment: accumulated depreciation

$407,781
10c · Land, buildings and equipment, net

beginning of year $4,353,552 · end of year $796,405
11 · Investments: publicly traded securities

beginning of year $1,344,089 · end of year $2,159,439
15 · Other assets

beginning of year $2,715,548 · end of year $10,845,354
17 · Accounts payable and accrued expenses

beginning of year $117,018 · end of year $148,428
19 · Deferred revenue

beginning of year $502,979 · end of year $727,602
25 · Other liabilities

beginning of year $85,708 · end of year $0
27 · Net assets without donor restrictions

beginning of year $8,459,728 · end of year $13,041,126
28 · Net assets with donor restrictions

beginning of year $8,797,440 · end of year $9,756,126

Mission and programs · 2023

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.

Expenses $898,154 · Revenue $932,704
PORTLAND BOOK FESTIVAL BRINGS WRITERS AND READERS OF ALL AGES TOGETHER TO CELEBRATE A SHARED PASSION FOR BOOKS.

Expenses $620,463 · Revenue $162,820
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.

Expenses $500,696 · Grants $3,799 · Revenue $33,201
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 $262,424 · Grants $62,000 · Revenue $15,687
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 SCHOOLS, TEACHERS, WRITERS, POETS, AND ARTISTS FROM THE PORTLAND COMMUNITY.

Expenses $236,990 · Revenue $185,937

As filed on the 2023 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

$241,754

From this org

$226,223

From related orgs

$0

Other

$15,531

Hours/week

40

Schedule J breakdown matched by us

Base

$161,174

Bonus

$45,000

Other

$20,049

Deferred

$10,392

Nontaxable benefits

$5,139

Filer's total

$241,754
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
JOAN CIRILLO

MEMBER AT-LARGE

Total calculated

$0

Hours/week

1
GINNIE COOOPER

MEMBER AT-LARGE

Total calculated

$0

Hours/week

1
GUSTAVO CRUZ

MEMBER

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
JANET HOFFMAN

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
CORINNE OISHI

MEMBER

Total calculated

$0

Hours/week

1
AMY PROSENJAK

MEMBER

Total calculated

$0

Hours/week

1
GEOFFREY TICHENOR

MEMBER

Total calculated

$0

Hours/week

1
CHABRE VICKERS

MEMBER

Total calculated

$0

Hours/week

1
KRISTIN WALROD

MEMBER

Total calculated

$0

Hours/week

1
RENEE WATSON

MEMBER

Total calculated

$0

Hours/week

1
MARCIA WOOD

MEMBER

Total calculated

$0

Hours/week

1
ALLYSON QUIRICO

SENIOR DIR. OF FINANCE (START 10/23)

Total calculated

$16,057

From this org

$15,418

From related orgs

$0

Other

$639

Hours/week

40
LYDAH DEBIN

DEPUTY DIRECTOR

Total calculated

$116,153

From this org

$108,879

From related orgs

$0

Other

$7,274

Hours/week

40
AMANDA BULLOCK

SENIOR ARTISTIC DIRECTOR

Total calculated

$111,021

From this org

$102,138

From related orgs

$0

Other

$8,883

Hours/week

40
SUSAN MOORE

DIR. OF PROGRAMS FOR WRITERS

Total calculated

$114,170

From this org

$104,600

From related orgs

$0

Other

$9,570

Hours/week

40

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 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

LA 716 LLC

INVESTMENT IN REAL ESTATE · OR

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

LA 716 MANAGING MEMBER INC

C · INVESTMENT IN REAL ESTATE · OR · 100% owned · share of income $52 · share of assets $7,992,421 · controlled entity

Directly controlled by LITERARY ARTS INC

Provenance

Return type: form_990
Tax year: 2023
Filed: 22 October 2024
IRS schema version: 2023v5.1
Source object: 202442969349301794

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.