Skip to content
Nonprofiteer
← THE ARTS CENTER ENDOWMENT

Form 990 for tax year 2022

Filed by THE ARTS CENTER ENDOWMENT.

Totals

Total revenue
$21,280
Total expenses
$595,139
Contributions and grants received
$45,315
Grants paid
$588,599
Program service revenue
$0
Investment income
-$24,035
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$588,599
Management and general expenses
$6,540
Fundraising expenses
$0
Program service expenses (Part III)
$588,599

Program services were 98.9% 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.

  • 1f · All other contributions, gifts and grants

    $45,315

  • 1g · Noncash contributions included above

    $525

  • 3 · Investment income

    total $11,294 · excluded $11,294

  • 7a · Gross sales of assets other than inventory

    securities $538,677 · other assets $12,846

  • 7b · Less cost or other basis and sales expenses

    securities $586,852

  • 7c · Gain or loss

    securities -$48,175 · other assets $12,846

  • 7d · Net gain or loss

    total -$35,329 · related or exempt -$48,175 · excluded $12,846

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $588,599 · program services $588,599

  • 11c · Fees: accounting

    total $5,600 · management and general $5,600

  • 13 · Office expenses

    total $797 · management and general $797

  • 24a · Other expenses: OREGON FUND BALANCE FEE

    total $143 · management and general $143

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,683

  • 11 · Investments: publicly traded securities

    beginning of year $511,506

  • 25 · Other liabilities

    beginning of year $3,049

  • 27 · Net assets without donor restrictions

    beginning of year $133,021

  • 28 · Net assets with donor restrictions

    beginning of year $394,119

Mission and programs · 2022

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.

  • SUPPORT OF THE CORVALLIS ARTS CENTER, INC, A NONPROFIT ORGANIZATION.

    Expenses $588,599 · Grants $588,599

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

Listed in Part VII

  • THOMAS STEELE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.4

  • THERESE MISNER

    TREASURER

    Total calculated
    $0
    Hours/week
    1.85

  • MORGAN DANIELS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.69

  • DAVID GOODRUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.69

  • DR DEBORAH JOHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.69

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202431349349303878

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.