Tsuga Art Association

Cathlamet, WA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2021
Revenue
$23K
▲ +107% vs prior year
Spent
$24K
To programs
100%
Net assets
$202K

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2021 — 5 yrs
Foundation funders?
Not on file
Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↑ +107% vs prior year
Legal name (IRS)Hdr · item CTsuga Art Association
EINHdr · item D45-3065382
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2014
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CCathlamet, WA
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jtsugagallery.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$24K
Total functional expensesLn 25$24K

Financial health

Revenue & expenses by yearFY2020–FY2021
Revenue
$23K
FY2021▲ +107%
Expenses
$24K
FY2021▼ -27%
Program efficiency
100%
of spending reaches programs▲ +55% vs prior filing year
Operating runway
32.3mo
months of highly liquid reserves at operating expense rate▲ +36% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▲ +98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$202K
FY2021-0.2%
Total liabilities
$547
FY2021▲ +314%
Revenue less expensesPt I · Ln 19−$872
Total assetsPt X · Ln 16$202K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$202K
Total liabilitiesLn 26$547
Total net assetsLn 32$202K
Months of cash on handcomputed32.3

Statement of Revenue

Part VIII
Program service revenue$20K · 84%
Contributions & grants$4K · 16%
Program service revenue84%$20K
Contributions & grants16%$4K
Investment income$27
Total revenueLn 12$23K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $66K · Operating expenses/yr $24K
32.3 months
Where the money goes
Program services
Program services $24K · Total expenses $24K
100%
Management & General
Management & general $0 · Total expenses $24K
0%
Fundraising
Fundraising $0 · Total expenses $24K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $23K
16%
Government reliance
Government grants — · Total revenue $23K
—
Earned-income share
Program service revenue $20K · Total revenue $23K
84%
Investment reliance
Investment income $27 · Total revenue $23K
+0.1%
Program self-sufficiency
Program service revenue $20K · Total expenses $24K
81%
Growth & trend
Revenue growth (YoY)
This year $23K · Prior year $11K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $202K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $23K · Expenses $24K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $202K
—
Net-asset ratio
Net assets $202K · Total assets $202K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $202K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel L Westlind · Reported title President · Highest reported compensation $0 · Total expenses $24K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $24K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 107%——
Accounting fee ratio 2%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tsuga Art Association executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Showcases local artists and fosters art education in a collaborative setting.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $24K of program spending, described in the organization's own filed words · FY2021.
01

Sales from showcasing the work of local artists and education classes

$24Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2021 Latest Viewing $23K$24K+107% 990 PDF
FY2020 $11K$33K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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