45th Parallel EIN 27-1496209

45th Parallel

EIN  27-1496209 Public charity (501(c)(3)) Portland, OR
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Size
$100K–1M
What they do
Presents chamber music concerts for everyone to enjoy.
Leadership
Ron Blessinger · Director · $22K
Money in and out
$405K revenue, $403K expenses
Bottom line
67% program efficiency

Presents chamber music concerts for everyone to enjoy. For fiscal year 2025 it reported $405K in revenue, $403K in expenses, and $150K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$403K
Pt IX · Ln 25
Net assets
$150K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33 Fundraising $0.00
Program efficiency
67%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
6.9mo
months of highly liquid reserves at operating expense rate▲ +30% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▼ -96% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$405K
FY20250%
Expenses
$403K
FY2025▲ +8%
Total assets
$155K
FY20250%
Total liabilities
$5K
FY2025▼ -26%
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$403K
Pt IX · Ln 25
Net assets
$150K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$155K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $271K of program spending, described in the organization's own filed words · FY2024.
01

The organization produced and presented chamber music concerts featuring some of the most exciting musicians of the Pacific Northwest with occasional guest artists.

$271Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C45th Parallel
EINHdr · item D27-1496209
Principal addressHdr · item CPortland, OR
WebsiteHdr · item J45thparallelpdx.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6C)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$21,900Pt VII · Sec A
$14,100Pt VII · Sec A
Director
$3,900Pt VII · Sec A
$3,322Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ron Blessinger’s $22K as Director is at the 17th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Lisa Lipton Ex Officio$3,322$35,417
Ron Blessinger Ex Officio$29,792$29,000
Ron Blessinger$21,900$28,688
Marilyn De Oliveira$14,100
Karen Wagner$3,900

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$304K · 75%
Program service revenue$95K · 24%
Investment income$5K · 1%
Contributions & grants75%$304K
Program service revenue24%$95K
Investment income1%$5K
Total revenueLn 12$405K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33 Fundraising $0.00
Program services67%$271K
Management & general33%$132K
Fundraising$336
Total functional expensesLn 25$403K

Balance Sheet

Part X · end of year
CashLn 1$208K
Total assetsLn 16$155K
Total liabilitiesLn 26$5K
Total net assetsLn 32$150K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $208K · Operating expenses (Pt IX) $403K · Less non-cash grants $40K · Cash operating expenses/yr $363K
6.9 months
Where the money goes
Program services
Program services $271K · Total expenses $403K
67%
Management & General
Management & general $132K · Total expenses $403K
33%
Fundraising
Fundraising $336 · Total expenses $403K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $238 · Solicited contributions (3-yr avg) $279K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $304K · Total revenue $405K
75%
Government reliance
Government grants — · Total revenue $405K
Earned-income share
Program service revenue $95K · Total revenue $405K
24%
Investment reliance
Investment income $5K · Total revenue $405K
+1%
Program self-sufficiency
Program service revenue $95K · Total expenses $403K
24%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $404K
0%
Revenue CAGR
FY2020 $224K · FY2024 $405K
+16%
Net-asset trend (YoY)
End of year $150K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $405K · Expenses $403K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $155K
Net-asset ratio
Net assets $150K · Total assets $155K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $155K
0%
People & payroll
Highest Reported Total Compensation
Individual Ron Blessinger · Reported title Director · Highest reported compensation $22K · Total expenses $403K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $96K · Total expenses $403K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 5 funders$201K
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$405K revenue · viewing · ⤓ 990 PDF
FY2024$404K revenue · ⤓ 990 PDF
FY2023$338K revenue · ⤓ 990 PDF
FY2022$326K revenue · ⤓ 990 PDF
FY2021$224K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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