Alberta Abbey Foundation FY2022 filing

Portland, OR · Public charity (501(c)(3)) · Since 2016 · Arts & Culture

✓ Tax-deductible
Revenue
$680K
+72% vs prior year
Spent
$771K
To programs
85%
Net assets
−$257K
By yearFY2020–FY2025
Revenue
$680K
FY2022▲ +72%
Revenue by fiscal year
FY2020$246K
FY2021$396K
FY2022$680K
FY2023$1.1M
FY2024$1.3M
FY2025$1.5M
Expenses
$771K
FY2022▲ +82%
Expenses by fiscal year
FY2020$332K
FY2021$424K
FY2022$771K
FY2023$1.2M
FY2024$1.1M
FY2025$1.3M
Net assets
−$257K
FY2022▼ -54%
Net assets by fiscal year
FY2020−$140K
FY2021−$167K
FY2022−$257K
FY2023−$288K
FY2024−$171K
FY2025$17K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

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?
Yes — filed FY2025
Legal name (IRS)Hdr · item CAlberta Abbey Foundation
EINHdr · item D47-3125530
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2015
Year of formationHdr · item L2016
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPortland, OR
NTEE classificationIRS BMFArts & Culture (A25)
WebsiteHdr · item Jwww.albertaabbey.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15 Fundraising $0.01
Program services85%$653K
Management & general15%$113K
Fundraising1%$5K
Total functional expensesLn 25$771K

Financial health

Is it on solid ground?

Program efficiency
85%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$92K
FY2022▼ -58%
Total assets by fiscal year
FY2020$137K
FY2021$219K
FY2022$92K
FY2023$110K
FY2024$207K
FY2025$837K
Total liabilities
$349K
FY2022▼ -10%
Total liabilities by fiscal year
FY2020$277K
FY2021$386K
FY2022$349K
FY2023$398K
FY2024$377K
FY2025$819K
Revenue less expensesPt I · Ln 19−$91K
Total assetsPt X · Ln 16$92K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$78K
Total assetsLn 16$92K
Total liabilitiesLn 26$349K
Total net assetsLn 32−$257K
Months of cash on handcomputed1.2

Statement of Revenue

Part VIII
Program service revenue$501K · 74%
Contributions & grants$179K · 26%
Program service revenue74%$501K
Contributions & grants26%$179K
Investment income$24
— government grantsLn 1e$17K
Total revenueLn 12$680K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $78K · Operating expenses/yr $771K
1.2 months
Where the money goes
Program services
Program services $653K · Total expenses $771K
85%
Management & General
Management & general $113K · Total expenses $771K
15%
Fundraising
Fundraising $5K · Total expenses $771K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $100K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $179K · Total revenue $680K
26%
Government reliance
Government grants $17K · Total revenue $680K
2%
Earned-income share
Program service revenue $501K · Total revenue $680K
74%
Investment reliance
Investment income $24 · Total revenue $680K
<0.01%
Program self-sufficiency
Program service revenue $501K · Total expenses $771K
65%
Growth & trend
Revenue growth (YoY)
This year $680K · Prior year $396K
+72%
Net-asset trend (YoY)
End of year −$257K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $680K · Expenses $771K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $92K
—
Net-asset ratio
Net assets −$257K · Total assets $92K
-280%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $92K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brian Gillis · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $771K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $279K · Total expenses $771K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 15%——
Fundraising cost ratio 3%——
Revenue growth 72%——
Accounting fee ratio 1%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alberta Abbey Foundation executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers affordable arts education, gallery, studio, performance, and meeting spaces for all ages.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $653K of program spending, described in the organization's own filed words · FY2022.
01

Provided event and meeting space free of CHARGE/ or programmed the event in-house. For all other events, event space and production assistance was provided for a fee. During 2022 the organization's most significant achievement was to get back to full operations and activities after pausing it's operations from the effects of covid 19 in…

$653Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.5M$1.3M+15% 990 PDF
FY2024 $1.3M$1.1M+13% 990 PDF
FY2023 $1.1M$1.2M+65% 990 PDF
FY2022 Viewing $680K$771K+72% 990 PDF
FY2021 $396K$424K+61% 990 PDF
FY2020 $246K$332K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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