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Nonprofiteer
← PORTLAND ART MUSEUM

Form 990 for tax year 2022

Filed by PORTLAND ART MUSEUM.

Totals

Total revenue
$29,727,698
Total expenses
$21,661,651
Contributions and grants received
$21,872,350
Grants paid
$10,000
Program service revenue
$4,119,730
Investment income
$2,456,634
Other revenue
$1,278,984
Total assets, end of year
$211,136,820
Total liabilities, end of year
$12,061,859
Net assets or fund balances, end of year
$199,074,961
Program services expenses (Part IX)
$15,406,720
Management and general expenses
$2,760,763
Fundraising expenses
$3,494,168
Program service expenses (Part III)
$15,406,720

Program services were 71.1% 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.

  • 1b · Membership dues

    $1,405,268

  • 1e · Government grants (contributions)

    $2,016,506

  • 1f · All other contributions, gifts and grants

    $18,450,576

  • 1g · Noncash contributions included above

    $247,443

  • 2a · Program service revenue: MEMBERSHIPS

    total $1,788,523 · related or exempt $1,788,523

  • 2b · Program service revenue: ADMISSIONS

    total $1,766,997 · related or exempt $1,766,997

  • 2c · Program service revenue: RENTAL SALES GALLERY

    total $380,023 · related or exempt $380,023

  • 2d · Program service revenue: OTHER PROGRAM FEES

    total $132,901 · related or exempt $132,901

  • 2e · Program service revenue: TUITION AND FEES

    total $51,286 · related or exempt $51,286

  • 3 · Investment income

    total $2,456,634 · excluded $2,456,634

  • 6a · Gross rents

    real property $1,143,527 · personal property $541,117

  • 6b · Less rental expenses

    real property $647,910 · personal property $322,123

  • 6c · Rental income or loss

    real property $495,617 · personal property $218,994

  • 6d · Net rental income or loss

    total $714,611 · unrelated business $147,639 · excluded $566,972

  • 10a · Gross sales of inventory

    $953,051

  • 10b · Cost of goods sold

    $482,087

  • 10c · Net income from sales of inventory

    total $470,964 · related or exempt $316,441 · unrelated business $154,523

  • 11a · Other revenue: MISCELLANEOUS

    total $93,409 · related or exempt $67,326 · excluded $26,083

  • 11e · Other revenue, total

    $93,409

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $984,949 · program services $184,042 · management and general $420,636 · fundraising $380,271

  • 7 · Other salaries and wages

    total $8,635,810 · program services $5,977,491 · management and general $1,263,200 · fundraising $1,395,119

  • 8 · Pension plan contributions

    total $201,598 · program services $128,170 · management and general $30,315 · fundraising $43,113

  • 9 · Other employee benefits

    total $662,469 · program services $478,932 · management and general $76,814 · fundraising $106,723

  • 10 · Payroll taxes

    total $688,652 · program services $462,602 · management and general $105,005 · fundraising $121,045

  • 11b · Fees: legal

    total $80,256 · program services $40,184 · management and general $22,965 · fundraising $17,107

  • 11c · Fees: accounting

    total $88,883 · management and general $88,883

  • 11e · Fees: professional fundraising services

    total $567,003 · fundraising $567,003

  • 11f · Fees: investment management

    total $182,150 · management and general $182,150

  • 11g · Fees: other

    total $1,248,539 · program services $999,583 · management and general $152,395 · fundraising $96,561

  • 12 · Advertising and promotion

    total $390,191 · program services $370,243 · management and general $2,086 · fundraising $17,862

  • 13 · Office expenses

    total $1,211,378 · program services $753,914 · management and general $139,230 · fundraising $318,234

  • 14 · Information technology

    total $450,299 · program services $211,217 · management and general $147,561 · fundraising $91,521

  • 16 · Occupancy

    total $1,347,210 · program services $1,086,737 · management and general $250,760 · fundraising $9,713

  • 17 · Travel

    total $295,123 · program services $241,862 · management and general $25,373 · fundraising $27,888

  • 19 · Conferences, conventions and meetings

    total $19,306 · program services $10,813 · management and general $7,376 · fundraising $1,117

  • 22 · Depreciation, depletion and amortization

    total $1,777,934 · program services $1,350,949 · management and general $406,049 · fundraising $20,936

  • 23 · Insurance

    total $235,706 · program services $84,070 · management and general $151,636

  • 24a · Other expenses: ART & EXHIBITIONS COSTS

    total $1,612,878 · program services $1,612,878

  • 24b · Other expenses: ALLOCATIONS AND OTHER

    total $971,317 · program services $1,403,033 · management and general -$711,671 · fundraising $279,955

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,218,262 · end of year $3,867,016

  • 2 · Savings and temporary cash investments

    beginning of year $198,859 · end of year $305,487

  • 3 · Pledges and grants receivable

    beginning of year $19,953,912 · end of year $21,044,544

  • 4 · Accounts receivable

    beginning of year $282,450 · end of year $710,332

  • 8 · Inventories for sale or use

    beginning of year $252,333 · end of year $337,936

  • 9 · Prepaid expenses and deferred charges

    beginning of year $249,171 · end of year $471,474

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

    $104,639,763

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

    $41,551,970

  • 10c · Land, buildings and equipment, net

    beginning of year $49,728,724 · end of year $63,087,793

  • 11 · Investments: publicly traded securities

    beginning of year $95,638,481 · end of year $97,702,285

  • 12 · Investments: other securities

    beginning of year $14,182,074 · end of year $16,336,068

  • 15 · Other assets

    beginning of year $1,554,093 · end of year $7,273,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,256,250 · end of year $4,806,308

  • 19 · Deferred revenue

    beginning of year $1,545,878 · end of year $1,364,005

  • 25 · Other liabilities

    beginning of year $181,115 · end of year $5,891,546

  • 27 · Net assets without donor restrictions

    beginning of year $66,316,377 · end of year $63,728,296

  • 28 · Net assets with donor restrictions

    beginning of year $119,958,739 · end of year $135,346,665

Mission and programs · 2022

Mission

THE MISSION OF THE PORTLAND ART MUSEUM IS TO ENGAGE DIVERSE COMMUNITIES THROUGH ART AND FILM OF ENDURING QUALITY, AND TO COLLECT, PRESERVE AND EDUCATE FOR THE ENRICHMENT OF PRESENT AND FUTURE GENERATIONS.

Activities or mission (Part I)

COLLECTION AND PRESERVATION OF ART FOR PUBLIC EXHIBITION.

  • THE MUSEUM DEVOTES 90% OF ITS GALLERIES TO ITS PERMANENT COLLECTION, WHICH CONSISTS OF MORE THAN 50,000 OBJECTS. IT ALSO MAINTAINS AN AMBITIOUS SPECIAL EXHIBITION PROGRAM. HIGHLIGHTS FROM THE FISCAL YEAR 2023 INCLUDE: PERSPECTIVES, JEFFERY GIBSON & OSCAR HOWE, APEX: SHARITA TOWNE, HUMAN | NATURE, HITO STEYERL: THIS IS THE FUTURE, SHADES OF LIGHT: KOREAN ART, FORCES OF NATURE: ECOLOGY IN JAPANESE PRINTS, AND SYMBIOSIS.

    Expenses $13,605,693 · Revenue $4,156,868

  • THE MUSEUM'S CENTER FOR AN UNTOLD TOMORROW IS A YEAR-ROUND ORGANIZATION AND SPACE WHERE ARTISTS AND AUDIENCES EXPLORE OUR REGION AND THE WORLD THROUGH CINEMA AND CINEMATIC STORYTELLING IN ALL ITS FORMS. ITS MISSION IS TO EXPAND THE REACH OF CINEMA AS AN ART FORM AND CHALLENGE FOR WHOM, BY WHOM AND HOW STORIES CAN BE TOLD.THROUGH ITS NON-TRADITIONAL, UNBOUND FESTIVALS, SCREENINGS, EVENTS, CO:LABORATORY ADULT AND YOUTH CLASSES AND WORKSHOPS, AUDIENCES AND ARTISTS FORM CONNECTIONS THAT BIND OUR COMMUNITY AND ENCOURAGE A MORE VIBRANT, ACCESSIBLE, AND DIVERSE MEDIA-ARTS ECOSYSTEM.

    Expenses $1,158,262 · Grants $10,000 · Revenue $300,183

  • THE LEARNING AND COMMUNITY PARTNERSHIPS TEAM AT THE PORTLAND ART MUSEUM WORKS TO OFFER A FULL SPECTRUM OF PROGRAMS AND OUTREACH INITIATIVES THAT PROMOTE LIFELONG LEARNING AND BUILD CONNECTIONS TO OUR LOCAL COMMUNITY. THROUGH PROGRAMS, PARTNERSHIPS, AND COMMUNITY ADVISORY PROCESSES, THE MUSEUM STRIVES TO BE MORE THAN JUST A COLLECTION OF OBJECTS AND ARTWORK, BUT ALSO TO BE A PLACE WHERE CONVERSATIONS ABOUT THE WORLD AROUND US TAKE PLACE.

    Expenses $642,765 · Revenue $46,446

As filed on the 2022 return.

Listed in Part VII

  • ALIX MEIER GOODMAN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA SNOW

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIN PARK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARY LEE BOKLUND

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LINDA ANDREWS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KABERI BANERJEE MURTHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMJAD BANGASH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARON BARNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MISSY BECHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN BERGSVIK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY BLAIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY BOYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMMA COLSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES CRUMPACKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KIRK DAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTELLE DE ASIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KIRK DOBBINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LANA FINLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RYAN FINLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANET GEARY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK GOODMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICK GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP HILLAIRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVE HOLWERDA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JUDY HUMMELT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FREDERICK JUBITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SELBY JEAN KEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • APRIL KNAPP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY LEMATTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN LEWIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CYNDY MALETIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID MARGULIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY MASON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVEN MCGEADY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROGER BRUE MCHAYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURA S MEIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHAWN MENASHE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK NEW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRAVERS HILL POLAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • YALE POPOWICH MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROLANDO POZOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • H PAT RITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LINA GARCIA SEABOLD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GRACE SERBU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MEGAN SHIPLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARBARA SILVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREG TIBBLES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY THOMAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL TONKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT TROTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT WARREN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIE WATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARRIE MAE WEEMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HELEN JO WHITSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM WHITSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN J FERRISO

    EXEC. DIRECTOR & CHIEF CURATOR

    Total calculated
    $644,298
    From this org
    $529,935
    From related orgs
    $0
    Other
    $114,363
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $425,568
    Bonus
    $0
    Other
    $104,367
    Deferred
    $113,233
    Nontaxable benefits
    $1,130
    Filer's total
    $644,298

  • GARETH A NEVITT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $230,970
    From this org
    $221,216
    From related orgs
    $0
    Other
    $9,754
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $208,597
    Bonus
    $12,516
    Other
    $103
    Deferred
    $8,883
    Nontaxable benefits
    $871
    Filer's total
    $230,970

  • KARIE BURCH

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $188,344
    From this org
    $174,581
    From related orgs
    $0
    Other
    $13,763
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $172,982
    Bonus
    $0
    Other
    $1,599
    Deferred
    $7,117
    Nontaxable benefits
    $6,646
    Filer's total
    $188,344

  • JOHN GOODWIN

    MAJOR GIFTS OFFICER

    Total calculated
    $182,879
    From this org
    $169,119
    From related orgs
    $0
    Other
    $13,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,954
    Bonus
    $9,600
    Other
    $1,565
    Deferred
    $6,874
    Nontaxable benefits
    $6,886
    Filer's total
    $182,879

  • AMY DOTSON

    DIR. OF PAM CUT & CURATOR OF FILM

    Total calculated
    $169,812
    From this org
    $161,498
    From related orgs
    $0
    Other
    $8,314
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,099
    Bonus
    $9,270
    Other
    $129
    Deferred
    $6,583
    Nontaxable benefits
    $1,731
    Filer's total
    $169,812

  • DONALD URQUHART

    DIR. OF COLLECTIONS & EXHIBITIONS

    Total calculated
    $160,447
    From this org
    $147,429
    From related orgs
    $0
    Other
    $13,018
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $147,228
    Bonus
    $0
    Other
    $201
    Deferred
    $6,428
    Nontaxable benefits
    $6,590
    Filer's total
    $160,447

  • LISA HOFFMAN

    DIR OF MEMB., GUEST SVCS, VOLS.

    Total calculated
    $132,894
    From this org
    $121,213
    From related orgs
    $0
    Other
    $11,681
    Hours/week
    40

  • NOLAN HIBBARD

    HEAD OF SECURITY & TRAINING

    Total calculated
    $157,545
    From this org
    $147,323
    From related orgs
    $0
    Other
    $10,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,562
    Bonus
    $3,761
    Other
    $50,000
    Deferred
    $3,942
    Nontaxable benefits
    $6,280
    Filer's total
    $157,545

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 1A
MEMBERSHIP IN THE ARLINGTON BUSINESS CLUB IS USED FOR ENTERTAINING AND BUSINESS DISCUSSIONS IN PORTLAND. MODEST TAX GROSS-UP FOR GIFT CARD.
PART I, LINE 1B
THE EMPLOYMENT CONTRACT FOR THE EXECUTIVE DIRECTOR APPROVED BY THE BOARD OF TRUSTEES INCLUDES ARLINGTON CLUB BENEFIT.
PART I, LINE 4A
NOLAN HIBBARD RECEIVED A $50,000 SEVERANCE PAYMENT.
PART I, LINE 7
DISCRETIONARY BONUSES WERE AWARDED BY THE BOARD OF TRUSTEES.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • R2464 LOTS LLC

    LAND MANAGEMENT · OR · income $288,458 · assets $2,214,626

    Directly controlled by PORTLAND ART MUSEUM

Provenance

Return type
form_990
Tax year
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202400799349301505

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