Form 990 for tax year 2023
Filed by PORTLAND INSTITUTE FOR CONTEMPORARY ART.
Totals
- Total revenue
- $2,412,312
- Total expenses
- $2,331,200
- Contributions and grants received
- $2,242,567
- Grants paid
- $0
- Program service revenue
- $132,086
- Investment income
- $8,089
- Other revenue
- $29,570
- Total assets, end of year
- $2,749,601
- Total liabilities, end of year
- $883,495
- Net assets or fund balances, end of year
- $1,866,106
- Program services expenses (Part IX)
- $1,744,814
- Management and general expenses
- $383,096
- Fundraising expenses
- $203,290
- Program service expenses (Part III)
- $1,744,814
Program services were 74.8% 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)
$150,000
-
1f · All other contributions, gifts and grants
$2,092,567
-
1g · Noncash contributions included above
$8,690
-
2a · Program service revenue: TICKET AND CONCESSIONS
total $132,086 · related or exempt $132,086
-
3 · Investment income
total $8,089 · excluded $8,089
-
8a · Fundraising events: gross income
$29,570
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $29,570 · excluded $29,570
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $105,069 · management and general $105,069
-
7 · Other salaries and wages
total $602,684 · program services $499,878 · management and general $42,159 · fundraising $60,647
-
9 · Other employee benefits
total $56,228 · program services $42,620 · management and general $9,595 · fundraising $4,013
-
10 · Payroll taxes
total $62,472 · program services $43,987 · management and general $13,149 · fundraising $5,336
-
11b · Fees: legal
total $12,770 · management and general $12,770
-
11c · Fees: accounting
total $65,311 · management and general $65,311
-
11g · Fees: other
total $343,804 · program services $251,612 · management and general $20,976 · fundraising $71,216
-
12 · Advertising and promotion
total $19,945 · program services $18,033 · management and general $1,192 · fundraising $720
-
13 · Office expenses
total $79,101 · program services $65,284 · management and general $2,023 · fundraising $11,794
-
14 · Information technology
total $31,189 · program services $21,292 · management and general $6,659 · fundraising $3,238
-
16 · Occupancy
total $58,439 · program services $43,730 · management and general $11,797 · fundraising $2,912
-
17 · Travel
total $141,110 · program services $101,896 · management and general $3,595 · fundraising $35,619
-
20 · Interest
total $16,814 · management and general $16,814
-
22 · Depreciation, depletion and amortization
total $69,540 · program services $29,945 · management and general $39,385 · fundraising $210
-
23 · Insurance
total $12,440 · program services $2,241 · management and general $9,927 · fundraising $272
-
24a · Other expenses: ARTIST FEES
total $585,457 · program services $581,407 · fundraising $4,050
-
24b · Other expenses: EQUIPMENT RENTAL
total $43,875 · program services $40,488 · management and general $851 · fundraising $2,536
-
24c · Other expenses: BANK AND MERCHANT CHARG
total $20,950 · management and general $20,950
-
24d · Other expenses: MISCELLANEOUS
total $4,002 · program services $2,401 · management and general $874 · fundraising $727
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $825,667
-
2 · Savings and temporary cash investments
beginning of year $1,006,093 · end of year $455,974
-
3 · Pledges and grants receivable
beginning of year $554,403 · end of year $265,250
-
4 · Accounts receivable
beginning of year $4,395
-
9 · Prepaid expenses and deferred charges
beginning of year $33,568 · end of year $15,422
-
10a · Land, buildings and equipment: cost or other basis
$933,831
-
10b · Land, buildings and equipment: accumulated depreciation
$322,012
-
10c · Land, buildings and equipment, net
beginning of year $664,744 · end of year $611,819
-
15 · Other assets
beginning of year $0 · end of year $575,469
-
17 · Accounts payable and accrued expenses
beginning of year $132,498 · end of year $57,003
-
24 · Unsecured notes and loans payable
beginning of year $379,817 · end of year $232,989
-
25 · Other liabilities
beginning of year $0 · end of year $593,503
-
27 · Net assets without donor restrictions
beginning of year $446,988 · end of year $1,384,449
-
28 · Net assets with donor restrictions
beginning of year $1,303,900 · end of year $481,657
Mission and programs · 2023
Mission
PICA ACKNOWLEDGES AND ADVANCES THE EMERGING IDEAS IN ART BY FOSTERING THE CREATIVE EXPLORATIONS OF CONTEMPORARY ARTISTS.
Activities or mission (Part I)
PICA ACKNOWLEDGES AND ADVANCES EMERGING IDEAS IN ART BY FOSTERING THE CREATIVE EXPLORATIONS OF CONTEMPORARY ARTISTS.
-
THROUGH EXHIBITIONS, PERFORMANCES, ARTIST RESIDENCIES AND EDUCATIONAL PROGRAMS, PORTLAND INSTITUTE FOR CONTEMPORARY ART (PICA) ENABLES ARTISTS AND AUDIENCES ALIKE TO PUSH THE LIMITS OF ARTISTIC EXPRESSION AND EXPLORE PROVOCATIVE NEW IDEAS THAT ILLUMINATE LIFE IN THE HERE AND NOW. PICA SUPPORTS THIS MISSION THROUGH DYNAMIC PROGRAMMING, AN UNWAVERING COMMITMENT TO ARTISTS, AND A CLEAR VISION OF THE IMPORTANCE OF THE ARTS IN THE LIVES OF INDIVIDUALS AND OF THE COMMUNITY AT LARGE. PICA CHAMPIONS CREATIVE EXPLORATION, LEADS THE CURIOUS IN DEEPENING THEIR UNDERSTANDING OF ART AND IDEAS, AND SUPPORTS THE AESTHETIC RISK-TAKING THAT CHALLENGES BOTH ARTISITS AND AUDIENCES WITH NEW WAYS OF SEEING, REPRESENTING AND RESPONDING TO CONTEMPORARY LIFE.
Expenses $1,744,814 · Revenue $132,086
As filed on the 2023 return.
Listed in Part VII
-
Allie FurlottiALLIE FURLOTTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andre MiddletonANDRE MIDDLETON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Courtney DaileyCOURTNEY DAILEY
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Peter GronquistPETER GRONQUIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrew DicksonANDREW DICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shir GrisantiSHIR GRISANTI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Emily FusaroEMILY FUSARO
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Shelly KapoorSHELLY KAPOOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bart FitzgeraldBART FITZGERALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cristi MilesCRISTI MILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin WashingtonKEVIN WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lynne Bredfeldt HaderLYNNE BREDFELDT HADER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Phoebe EbrightPHOEBE EBRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shawna LiptonSHAWNA LIPTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Reuben RoqueniREUBEN ROQUENI
EXECUTIVE DIRECTOR
- Total calculated
- $56,904
- From this org
- $56,875
- From related orgs
- $0
- Other
- $29
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349315858
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