Restore Oregon INC FY2022 filing

Tax-deductible

Portland, OR501(c)(3)Arts & CultureEIN 93-0697099Revenue $455K in FY2022

On file with the IRSrestoreoregon.org1327 Se Tacoma Street Suite 114, 97202-6639 · Portland, ORTax-exempt since Nov 1978Publicly supported charity — 170(b)(1)(A)(vi)

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Restore oregon's mission is to preserve, reuse, and pass forward the spaces and places that reflect oregon's diverse cultural heritage and make our communities vibrant, inclusive, livable and sustainable.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $50K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $263K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$455K
-5% vs prior year
Spent
$525K
To programs
65%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$455K
FY2022▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$918K
FY2021$477K
FY2022$455K
FY2023$523K
FY2024$650K
Expenses
$525K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$600K
FY2021$505K
FY2022$525K
FY2023$1.1M
FY2024$511K
Net assets
$1.4M
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.4M
FY2023$824K
FY2024$962K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $343K Management & general 27% · $141K Fundraising 8% · $40K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Nicole Possert’s $96K as Executive Di is at the 86th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2020
Nicole Possert$95,821—
Peggy Moretti—$82,102

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and reuses Oregon's cultural heritage places to make communities vibrant and sustainable.

Questions for Restore Oregon INC

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Provided by the organization

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3 programs · $343K · in their own filed words · FY2022
01

Works to provide technical assistance and support to oregon's most endangered places, providing consultation, advocacy, and seed grants towards their preservation and reuse. Among the current most endangered places is the billy webb elks lodge in the albina neighborhood of portland, where significant resources were focused in addition to…

$193Kprogram expense
02

Produces and delivers information and educational programs on historic preservation and its benefits to communities in the form of livability, cultural heritage, sustainability, and job creation.

$125Kprogram expense
03

Advocates for sound preservation policies and incentives and provides testimony on important issues. Provides consultation and responds to requests for assistance from the field.

$25Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $5K · 2020–2020
Albina Construction LLCFY2020$5,087

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$455K
Ln 12
Gifts and grantsLn 1h$428K
Fees for servicesLn 2g$17K
Investment incomeLn 3$10K
Money outPt IX
$525K
Ln 25
Programscol B$343K
Managementcol C$141K
Fundraisingcol D$40K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$859K
Total assetsLn 16$1.5M
LiabilitiesLn 26$19K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$428K
Government grantsLn 1e$99K
Fundraising eventsLn 1c$56K
Fees for servicesLn 2g$17K
Investment incomeLn 3$10K
Gains on assetsLn 7$5K
Total revenueLn 12$455K
Assets in detailPt X, end of year
CashLn 1$670K
SavingsLn 2$189K
Cash and savings togetherLn 1–2$859K
InvestmentsLn 11–13$83K
Other assetsLn 15$500K
Total assetsLn 16$1.5M
LiabilitiesLn 26$19K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$803K$859K
InvestmentsLn 11–13$105K$83K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$16K$19K
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Other salaries and wagesLn 7$370K$251K$92K$28K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$38K$26K$9K$3K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$27K$17K$10K
Office expensesLn 13$22K$9K$7K$6K
OccupancyLn 16$8K$5K$3K
TravelLn 17$7K$4K$2K$409
Depreciation, depletion and amortizationLn 22$312$312
InsuranceLn 23$15K$12K$3K
Other expenses (24a–d)Ln 24$7K$719$5K$2K
Total functional expensesLn 25$525K$343K$141K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $650K$511K$140K$962K 990 PDF
FY2023 $523K$1.1M−$607K$824K 990 PDF
FY2022 Viewing $455K$525K−$70K$1.4M 990 PDF
FY2021 $477K$505K−$28K$1.5M 990 PDF
FY2020 $918K$600K$318K$1.5M 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
See the full FY2022 990 (6 parts)
Part I · Summary $454,747 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $471,334$427,609
I-9 Program service revenuePrior year $5,809$16,809
I-10 Investment incomePrior year $1,834$10,365
I-11 Other revenuePrior year −$1,761−$36
I-12 Total revenuePrior year $477,216$454,747
I-13 Grants and similar amounts paidPrior year $500$3,855
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $391,055$425,931
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,752$94,856
I-18 Total expensesPrior year $505,307$524,642
I-19 Revenue less expensesPrior year −$28,091−$69,895
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $454,747 across 10 lines filed
VIII-1c Fundraising events$55,641
VIII-1e Government grants$99,026
VIII-1f All other contributions, gifts and grants$272,942
VIII-1h Total contributions, gifts and grants$427,609
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,809$16,809
VIII-3 Investment incomeExcluded from tax $5,188$5,188
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,161 · Excluded from tax $16$5,177
VIII-8 Net income from fundraising eventsExcluded from tax $43$43
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$79−$79
VIII-12 Total revenueRelated to mission $21,970 · Excluded from tax $5,168$454,747
Part IX · Statement of functional expenses $524,642 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $3,855$3,855
IX-7 Other salaries and wagesPrograms $250,867 · Management $91,893 · Fundraising $27,538$370,298
IX-9 Other employee benefitsManagement $17,555$17,555
IX-10 Payroll taxesPrograms $25,914 · Management $9,283 · Fundraising $2,881$38,078
IX-11c Accounting feesManagement $8,710$8,710
IX-11g Other fees for servicesPrograms $17,284 · Management $9,947$27,231
IX-13 Office expensesPrograms $8,861 · Management $7,102 · Fundraising $6,345$22,308
IX-16 OccupancyPrograms $4,944 · Management $2,592$7,536
IX-17 TravelPrograms $4,451 · Management $1,873 · Fundraising $409$6,733
IX-22 Depreciation, depletion and amortizationManagement $312$312
IX-23 InsurancePrograms $12,069 · Management $2,973$15,042
IX-24 Other expenses (24a–d)Programs $719 · Management $4,764 · Fundraising $1,501$6,984
IX-25 Total functional expensesPrograms $342,966 · Management $141,356 · Fundraising $40,320$524,642
Part X · Balance sheet $1,450,358 assets, 13 lines filed
X-1 Cash, non-interest-bearing$669,736
X-2 Savings and temporary cash investmentsStart of year $803,067$189,210
X-3 Pledges and grants receivableStart of year $14,884$8,772
X-11 Publicly traded securitiesStart of year $104,815$82,640
X-15 Other assetsStart of year $500,000$500,000
X-16 Total assetsStart of year $1,529,258$1,450,358
X-17 Accounts payable and accrued expensesStart of year $4,313$2,944
X-25 Other liabilitiesStart of year $12,107$15,674
X-26 Total liabilitiesStart of year $16,420$18,618
X-27 Net assets without donor restrictionsStart of year $1,103,263$1,177,775
X-28 Net assets with donor restrictionsStart of year $409,575$253,965
X-32 Total net assets or fund balancesStart of year $1,512,838$1,431,740
X-33 Total liabilities and net assetsStart of year $1,529,258$1,450,358
Part XI · Reconciliation of net assets $1,431,740 net assets at year end
XI-1 Total revenue$454,747
XI-2 Total expenses$524,642
XI-3 Revenue less expenses−$69,895
XI-4 Net assets at start of year$1,512,838
XI-5 Net unrealized gains (losses) on investments−$11,203
XI-10 Net assets at end of year$1,431,740

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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