Overview
What is Portland Institute For Contemporary Art?
The Portland Institute for Contemporary Art (PICA) is a renowned nonprofit organization situated in Portland, Oregon. With a dedicated workforce of 49 individuals, PICA's mission is to promote artistic expression and foster innovative ideas by providing platforms for contemporary artists. Their offerings include exhibitions, performances, artist residencies, and educational programs, all designed to challenge conventional perspectives and stimulate intellectual growth. PICA's commitment extends beyond the artistic community, aiming to enrich the lives of individuals and contribute positively to the broader community at large. By championing creative exploration and supporting artistic risk-taking, PICA encourages both artists and audiences to engage with contemporary life in new and thought-provoking ways.
Official website here: www.pica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Portland Institute for Contemporary Art has been given a two-star rating by Charity Navigator, indicating that while there are strengths in its accountability and financial management, there are areas that require improvement. The organization has a commendable score of 100% for both accountability and the independence of its board members, showcasing a strong governance structure. However, concerns arise from the absence of essential policies such as a whistleblower policy and a document retention policy, which may impact organizational transparency.
Financially, the institute shows a good liabilities to assets ratio at 22.63%, which reflects a stable financial position. Additionally, a program expense ratio of 62.20% indicates that a significant portion of its budget is directed towards programming rather than administrative costs. However, the overall score of 63% suggests that the organization is not fully meeting best practices in certain operational areas, which may affect its effectiveness and public perception.
In summary, while the Portland Institute for Contemporary Art demonstrates strong governance and responsible financial management, it should address the noted policy gaps to enhance its accountability and overall effectiveness. Improved transparency and adherence to best practices could help elevate its rating and strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Institute For Contemporary Art legitimate?
Portland Institute For Contemporary Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Institute For Contemporary Art submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $602,083
For more financial information, click here
Official website here: www.pica.org
What is the mission statement of Portland Institute For Contemporary Art?
The Portland Institute for Contemporary Art (PICA) acknowledges and advances emerging ideas in the art world by fostering the creative explorations of contemporary artists. Through exhibitions, performances, artist residencies, and educational programs, PICA enables artists and audiences alike to push the boundaries of artistic expression and explore provocative new ideas that shed light on contemporary life. PICA supports this mission through dynamic programming, an unwavering commitment to artists, and a clear vision of the importance of the arts in individuals' lives and in the community at large. The institution champions creative exploration, leads the curious in deepening their understanding of art and ideas, and supports aesthetic risk-taking that challenges both artists and audiences with new ways of seeing, representing, and responding to contemporary life.
Official website here: www.pica.org
Who is the CEO of Portland Institute For Contemporary Art?
Victoria Frey is the Director of Portland Institute For Contemporary Art.
Official website here: www.pica.org
What is the revenue of Portland Institute For Contemporary Art?
Portland Institute For Contemporary Art's revenue in 2022 was $2,056,196.
Official website here: www.pica.org
Who are the executives of Portland Institute For Contemporary Art and what are their salaries?
The average compensation at Portland Institute For Contemporary Art during 2022 was $13,826. There are 49 employees and 24 volunteers at Portland Institute For Contemporary Art.
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- Compensation: $67,535
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- Other: $7,862
Official website here: www.pica.org
Where can I find the form 990 for Portland Institute For Contemporary Art?
Portland Institute For Contemporary Art's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pica.org
Learn more at the official website: www.pica.org
Mission Statement of Portland Institute For Contemporary Art
The Portland Institute for Contemporary Art (PICA) acknowledges and propels the emerging ideas in art by fostering the creative explorations of contemporary artists. Through its exhibitions, performances, artist residencies, and educational programs, PICA empowers artists and audiences alike to transcend the boundaries of artistic expression and delve into thought-provoking new concepts that illuminate life in the present moment. PICA upholds this mission through dynamic programming, an unwavering commitment to artists, and a clear comprehension of the significance of the arts in shaping the lives of individuals and the community at large. By championing creative exploration, PICA guides the curious in deepening their understanding of art and ideas, and supports the aesthetic risk-taking that challenges both artists and audiences with novel perspectives on contemporary life.
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Impact
July, 2024
Portland Institute for Contemporary Art's impact lies in its ability to acknowledge and advance emerging ideas in art by fostering the creative explorations of contemporary artists. Through exhibitions, performances, artist residencies, and educational programs, PICA enables artists and audiences alike to push the limits of artistic expression and explore provocative new ideas that illuminate life in the here and now. PICA champions creative exploration, leads the curious in deepening their understanding of art and ideas, and supports aesthetic risk-taking that challenges both artists and audiences with new ways of seeing, representing, and responding to contemporary life. In doing so, PICA plays a pivotal role in nurturing artistic innovation and contributing to the cultural vitality of the community in Portland and beyond.
This information is meant to be a general summary of Portland Institute For Contemporary Art. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $784
- Program Service Revenue: $30,273
- Gross Receipts: $2,086,749
Assets and Liabilities:
- Total Assets: $3,126,920
- Total Liabilities: $493,011
- Net Assets: $2,633,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET AND CONCESSIONS
Revenue
$30,273
Organization Details
Founding Year
1995
Phone
(503) 242-1419Principal Officer
Victoria Frey
Main Address
15 NE HANCOCK, PORTLAND, OR, 97212
Website
www.pica.orgNTEE Category
Code: A610 - Arts
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