philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Industry One FY2023 filing

Tax-deductible

Portland, OR501(c)(3)Arts & Culture EIN 93-1672009Revenue $937K in FY2023

On file with the IRSindustry1.org415 Sw 10th Ave Ste 100, 97205-2844 · Portland, ORTax-exempt since Mar 2024Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

We believe in the transformative power of creativity to change the world. But to make that change, we have to start with our roots. Industry One is the manifestation of creatives coming together to revitalize our city through more than just art. We create change through self expression, photography, film, food, music, performance, and every facet of creativity that exists. For artists. For people. For portland.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 2
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$937K
Spent
$934K
To programs
66%
Net assets
$2K
By yearFY2023–FY2024
Revenue
$937K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$937K
FY2024$950K
Expenses
$934K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$934K
FY2024$946K
Net assets
$2K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$2K
FY2024$6K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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 Mar 2024.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $621K Management & general 34% · $314K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Meral J Middleton
Co-President & Secretary
$0Pt VII · Sec A
Oved Valadez
Co-President
$0Pt VII · Sec A
Ajay Date
Director
$0Pt VII · Sec A
Jennifer L Stenson
Executive Director
$0Pt VII · Sec A
See Industry One executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers creatives to revitalize their city through art, film, music, and more.

Questions for Industry One

Tap to ask. Industry One sees how many people are interested.

Your first name shows with your question. Industry One answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $62K · in their 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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$937K
Ln 12
Gifts and grantsLn 1h$921K
Fees for servicesLn 2g$16K
Money outPt IX
$934K
Ln 25
Programscol B$621K
Managementcol C$314K
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$9K
LiabilitiesLn 26$7K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$921K
Fees for servicesLn 2g$16K
Total revenueLn 12$937K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Total assetsLn 16$9K
LiabilitiesLn 26$7K
Net assetsLn 32$2K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$0$9K
Total assetsLn 16$0$9K
LiabilitiesLn 26$0$7K
Net assetsLn 32$0$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$74K$74K
Legal feesLn 11b$18K$74$18K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$527K$527K
Advertising and promotionLn 12$21K$20K$742
Office expensesLn 13$14K$5K$8K
Information technologyLn 14$490$490
OccupancyLn 16$179K$770$178K
TravelLn 17$11K$11K
InsuranceLn 23$700$700
Other expenses (24a–d)Ln 24$82K$50K$32K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$934K$621K$314K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $950K$946K$4K$6K 990 PDF
FY2023 Viewing $937K$934K$2K$2K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $936,644 revenue, 12 lines filed
I-8 Contributions and grants$921,144
I-9 Program service revenue$15,500
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$936,644
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$934,367
I-18 Total expenses$934,367
I-19 Revenue less expenses$2,277
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $936,644 across 5 lines filed
VIII-1f All other contributions, gifts and grants$921,144
VIII-1h Total contributions, gifts and grants$921,144
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,500$15,500
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $15,500 · Unrelated business $0 · Excluded from tax $0$936,644
Part IX · Statement of functional expenses $934,367 across 12 lines filed
IX-11a Management feesManagement $73,500$73,500
IX-11b Legal feesPrograms $74 · Management $17,844$17,918
IX-11c Accounting feesManagement $2,625$2,625
IX-11g Other fees for servicesPrograms $527,336$527,336
IX-12 Advertising and promotionPrograms $20,421 · Management $742$21,163
IX-13 Office expensesPrograms $5,454 · Management $8,495$13,949
IX-14 Information technologyPrograms $490$490
IX-16 OccupancyPrograms $770 · Management $177,772$178,542
IX-17 TravelPrograms $11,199$11,199
IX-23 InsuranceManagement $700$700
IX-24 Other expenses (24a–d)Programs $50,095 · Management $31,866$81,961
IX-24e All other expensesPrograms $4,984$4,984
IX-25 Total functional expensesPrograms $620,823 · Management $313,544 · Fundraising $0$934,367
Part X · Balance sheet $8,869 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $0$8,869
X-16 Total assetsStart of year $0$8,869
X-17 Accounts payable and accrued expensesStart of year $0$742
X-25 Other liabilitiesStart of year $0$5,850
X-26 Total liabilitiesStart of year $0$6,592
X-32 Total net assets or fund balancesStart of year $0$2,277
X-33 Total liabilities and net assetsStart of year $0$8,869
Part XI · Reconciliation of net assets $2,277 net assets at year end
XI-1 Total revenue$936,644
XI-2 Total expenses$934,367
XI-3 Revenue less expenses$2,277
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,277

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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.

Your org? Add context

Made it to the end? Claim this org

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 pay comparisons above.