Industry One EIN 93-1672009 Form 990 (PDF) Claim this org

Industry One FY2023 filing

Not yet claimed Claim this org →

Empowers creatives to revitalize their city through art, film, music, and more. For fiscal year 2023 it reported $937K in revenue, $934K in expenses, and $2K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Portland, OR
Website
industry1.org
Filings
2 on file (2023–2023)
Revenue
$937KFY2023
Expenses
$934K
Net assets
$2K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  93-1672009 Public charity (501(c)(3)) Portland, OR
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Industry One claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Empowers creatives to revitalize their city through art, film, music, and more.
Leadership
Meral J Middleton · Co-President & Secretary
Money in and out
$937K revenue, $934K expenses
Bottom line
66% program efficiency
Where the money goes · FY2023
Total revenue
$937K
Pt VIII · Ln 12
Total expenses
$934K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$937K
FY2023
Expenses
$934K
FY2023
Total assets
$9K
FY2023
Total liabilities
$7K
FY2023
Total revenue
$937K
Pt VIII · Ln 12
Total expenses
$934K
Pt IX · Ln 25
Net assets
$2K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$9K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $62K of program spending, described in the organization's own filed words · FY2023.
01

"esto es vida" by dorian ulises lopez maciasaugust 2023 - october 2023"ESTO es vida" was industry one's second official exhibition. The exhibition and community event embraced a way of being that revels in the full spectrum of humanity, cherishing the often hidden, unknown, and overlooked expressions of beauty.

$35Kprogram expense
02

West end wednesdays, by industry onejune 2023-PRESENTINDUSTRY one proudly started the west end wednesday event series in june 2023. We have executed 14 events with varying community centered programming in our gallery space. We coordinate local businesses, gather feedback, create social assets, and promotional materials.

$17Kprogram expense
03

Uprooted, by Nike Latinx Design Crewoctober 2023

January 2024IN a world where migration is often misunderstood, this exhibition invited individuals to embark on a journey infused with hope, dreams, and the enriching embrace of diversity. Illuminating the diverse narratives, encounters, and convictions of immigrants and their descendants, each work of art served as a poignant testament…

$10Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndustry One
EINHdr · item D93-1672009
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jindustry1.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFMar 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-President & Secretary
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Industry One executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$921K · 98%
Program service revenue$16K · 2%
Contributions & grants98%$921K
Program service revenue2%$16K
Total revenueLn 12$937K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$621K
Management & general34%$314K
Total functional expensesLn 25$934K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$9K
Total liabilitiesLn 26$7K
Total net assetsLn 32$2K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $934K
0.1 months
Where the money goes
Program services
Program services $621K · Total expenses $934K
66%
Management & General
Management & general $314K · Total expenses $934K
34%
Fundraising
Fundraising $0 · Total expenses $934K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $921K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $921K · Total revenue $937K
98%
Government reliance
Government grants — · Total revenue $937K
Earned-income share
Program service revenue $16K · Total revenue $937K
2%
Investment reliance
Investment income $0 · Total revenue $937K
0%
Program self-sufficiency
Program service revenue $16K · Total expenses $934K
2%
Growth & trend
Revenue growth (YoY)
This year $937K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $937K · Expenses $934K
+0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $9K
Net-asset ratio
Net assets $2K · Total assets $9K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Meral J Middleton · Reported title CO-PRESIDENT & SECRETARY · Highest reported compensation $0 · Total expenses $934K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $934K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Fundraising cost ratio 0%
Legal fee ratio 2%
Accounting fee ratio 0.3%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Industry One →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$950K revenue · ⤓ 990 PDF
FY2023$937K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.