Ejac FY2022 filing

EIN 86-1194522 Unknown exempt organization Portland, OR
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Revenue & expenses by yearFY2021–FY2024
Revenue
$636K
FY2022▼ -5%
Expenses
$610K
FY2022▼ -15%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Creates art programs advocating for environmental health and social justice. For fiscal year 2022 it reported $636K in revenue, $610K in expenses, and $39K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Portland, OR
Website
www.parallaxartcenter.org
Filings
4 on file (2021–2022)
Revenue
$636KFY2022
Expenses
$610K
Net assets
$39K
People
7
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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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 · $102K
Money in and out
$636K revenue, $610K expenses
Bottom line
+4% surplus margin

What Funders Ask

From IRS filings

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Spent on programs?

good 73% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↓ -5% vs prior year Details →

Not in filings yet: tax-deductible · foundation funders

Reported financial activity · FY2022
Total revenue
$636K
Pt VIII · Ln 12
Total expenses
$610K
Pt IX · Ln 25
Net assets
$39K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.21 Fundraising $0.06
Surplus margin
+4%
revenue over expenses, this year
Program spending
73%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$351K
FY2022▲ +336%
Total liabilities
$312K
FY2022▲ ×116
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$351K
Program-expense ratioPt IX · col B73%
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
$101,855Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$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

3 program services account for $447K of program spending, described in the organization's own filed words · FY2022.
01

It is our objective to show a diverse and non-eurocentric perespective, both from our guest curators and from by the artists that are being shown: not all artists were given the opportunity to self-identify and some artists are represented in multiple categories; for example we exhibited the work of queer women of color total artists…

$447Kprogram expense
02

Achieving PATRON/PARTNER satisfaction-o we have invited creatives and dreamers here who are just as hungry for challenging and accessible dialogues around the most significant issues that we are facing today to participate in artist talks, workshops, performances, vending opportunities and in holding space for conversations.

Pt IX · col B
03

Key performance indicators were established to evalutate our effectiveness in mission FULFILLMENT.WE have used our mission, parallax art center amplifies social justice and & environmental protection through inclusive art programs, exhibitions, and experiences as our north star and primary filter to ensure that all decisions being made…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants102%$650K
Program service revenue$200
Total revenueLn 12$636K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.21 Fundraising $0.06
Program services73%$447K
Management & general21%$127K
Fundraising6%$36K
Total functional expensesLn 25$610K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$351K
Total liabilitiesLn 26$312K
Total net assetsLn 32$39K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses (Pt IX) $610K · Less non-cash grants $650K · Cash operating expenses/yr $-40K
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 $447K · Total expenses $610K
73%
Management & General
Management & general $127K · Total expenses $610K
21%
Fundraising
Fundraising $36K · Total expenses $610K
6%
Cost to raise $1
Fundraising expense (2-yr avg) $18K · Solicited contributions (2-yr avg) $650K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $650K · Total revenue $636K
102%
Government reliance
Government grants — · Total revenue $636K
—
Earned-income share
Program service revenue $200 · Total revenue $636K
0.03%
Investment reliance
Investment income $-4K · Total revenue $636K
-0.6%
Program self-sufficiency
Program service revenue $200 · Total expenses $610K
0.03%
Growth & trend
Revenue growth (YoY)
This year $636K · Prior year $668K
-5%
Net-asset trend (YoY)
End of year $39K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $636K · Expenses $610K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $351K
—
Net-asset ratio
Net assets $39K · Total assets $351K
11%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $351K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chandra Glaeseman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $102K · Total expenses $610K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $265K · Total expenses $610K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 21%——
Fundraising cost ratio 6%——
Revenue growth -5%——
Legal fee ratio 0.02%——
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.

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 · ⤓ 990 PDF
FY2023$503K revenue · ⤓ 990 PDF
FY2022$636K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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