Ejac FY2023 filing

Portland, OR · Unknown exempt organization

Revenue
$503K
-21% vs prior year
Spent
$518K
To programs
66%
Net assets
$21K
By yearFY2021–FY2024
Revenue
$503K
FY2023▼ -21%
Revenue by fiscal year
FY2021$668K
FY2022$636K
FY2023$503K
FY2024$378K
Expenses
$518K
FY2023▼ -15%
Expenses by fiscal year
FY2021$720K
FY2022$610K
FY2023$518K
FY2024$394K
Net assets
$21K
FY2023▼ -45%
Net assets by fiscal year
FY2021$78K
FY2022$39K
FY2023$21K
FY2024$0

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CEjac
EINHdr · item D86-1194522
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPortland, OR
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.parallaxartcenter.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 $0.66 Management & general $0.16 Fundraising $0.17
Program services66%$343K
Management & general16%$85K
Fundraising17%$90K
Total functional expensesLn 25$518K

Financial health

Is it on solid ground?

Surplus margin
-3%
revenue over expenses, this year
Program spending
66%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$146K
FY2023▼ -58%
Total assets by fiscal year
FY2021$80K
FY2022$351K
FY2023$146K
FY2024$0
Total liabilities
$125K
FY2023▼ -60%
Total liabilities by fiscal year
FY2021$3K
FY2022$312K
FY2023$125K
FY2024$0
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$146K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$146K
Total liabilitiesLn 26$125K
Total net assetsLn 32$21K
Months of cash on handcomputed0.3

Statement of Revenue

Part VIII
Contributions & grants102%$515K
Total revenueLn 12$503K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses (Pt IX) $518K · Less non-cash grants $137K · Cash operating expenses/yr $381K
0.5 months
Where the money goes
Program services
Program services $343K · Total expenses $518K
66%
Management & General
Management & general $85K · Total expenses $518K
16%
Fundraising
Fundraising $90K · Total expenses $518K
17%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $605K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $515K · Total revenue $503K
102%
Government reliance
Government grants — · Total revenue $503K
—
Earned-income share
Program service revenue $0 · Total revenue $503K
0%
Investment reliance
Investment income −$1K · Total revenue $503K
-0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $518K
0%
Growth & trend
Revenue growth (YoY)
This year $503K · Prior year $636K
-21%
Net-asset trend (YoY)
End of year $21K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $503K · Expenses $518K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $146K
—
Net-asset ratio
Net assets $21K · Total assets $146K
15%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $146K
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 $518K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $223K · Total expenses $518K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%——
Overhead ratio 16%——
Fundraising cost ratio 17%——
Revenue growth -21%——
Legal fee ratio 0.3%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$85,525Pt VII · Sec A
Board Chair (11/1/23-Present)
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair (emeritus)
$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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • 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.

Creates art programs advocating for environmental health and social justice.

Provided by the organization

This section is blank until Ejac claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $343K of program spending, described in the organization's own filed words · FY2023.
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…

$343Kprogram 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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Funders

Who pays for it.

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

Grants

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $378K$394K-25% 990 PDF
FY2023 Viewing $503K$518K-21% 990 PDF
FY2022 $636K$610K-5% 990 PDF
FY2021 $668K$720K 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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