Ejac

EIN 86-1194522 Unknown exempt organization Portland, OR
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Revenue & expenses by yearFY2021–FY2024
Revenue
$378K
FY2024▼ -25%
Expenses
$394K
FY2024▼ -24%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Creates art programs advocating for environmental health and social justice. For fiscal year 2024 it reported $378K in revenue and $394K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Portland, OR
Website
www.parallaxartcenter.org
Filings
4 on file (2021–2024)
Revenue
$378KFY2024
Expenses
$394K
Net assets
$0
People
7
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Provided by the organization

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Size
$100K–1M
What they do
Creates art programs advocating for environmental health and social justice.
Leadership
Chandra Glaeseman · Executive Director · $86K
Money in and out
$378K revenue, $394K expenses
Bottom line
-4% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

75% to programs

75% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -25% vs prior year

Revenue band $100K–1M, -25% versus the prior filing year (down). See detail →

Reported financial activity · FY2024
Total revenue
$378K
Pt VIII · Ln 12
Total expenses
$394K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.16 Fundraising $0.09
Surplus margin
-4%
revenue over expenses, this year▼ -40% vs prior filing year
Program spending
75%
of expenses reach programs▲ +13% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024▼ -100%
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CEjac
EINHdr · item D86-1194522
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.parallaxartcenter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$85,525Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Chandra Glaeseman$85,525$85,525$101,855

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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Mission & Programs · Part III

Where the work happens

1 program service account for $295K of program spending, described in the organization's own filed words · FY2024.
01

As an ancillary objective in line with our mission, parallax employs artists from non-traditional and marginalized backgrounds and provides professional development opportunities through a granting program.

$295Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$371K · 98%
Program service revenue$10K · 3%
Contributions & grants98%$371K
Program service revenue3%$10K
Total revenueLn 12$378K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.16 Fundraising $0.09
Program services75%$295K
Management & general16%$62K
Fundraising9%$36K
Total functional expensesLn 25$394K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $394K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $295K · Total expenses $394K
75%
Management & General
Management & general $62K · Total expenses $394K
16%
Fundraising
Fundraising $36K · Total expenses $394K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $512K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $371K · Total revenue $378K
98%
Government reliance
Government grants — · Total revenue $378K
—
Earned-income share
Program service revenue $10K · Total revenue $378K
3%
Investment reliance
Investment income $-5K · Total revenue $378K
-1%
Program self-sufficiency
Program service revenue $10K · Total expenses $394K
3%
Growth & trend
Revenue growth (YoY)
This year $378K · Prior year $503K
-25%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $378K · Expenses $394K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chandra Glaeseman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $86K · Total expenses $394K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $150K · Total expenses $394K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 16%——
Fundraising cost ratio 10%——
Revenue growth -25%——
Accounting fee ratio 4%——

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 · this organization's grantmaking
Grants paid · 2 grants · $41K · 2024–2024
Maine College of ArtsFY2024$25,000
Unitemized GrantFY2024$16,000

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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
FY2024 (Latest)$378K revenue · viewing · ⤓ 990 PDF
FY2023$503K revenue · ⤓ 990 PDF
FY2022$636K revenue · ⤓ 990 PDF
FY2021$668K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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