YU CONTEMPORARY INC DBA YALE UNION

EIN: 270926234 501(c)(3)

PORTLAND, OR

Total Revenue
$300,630
Total Expenses
$273,663
Total Assets
$2,506,109
Net Assets
$2,506,109
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
OR
Principal Officer
AARON FLINT JAMISON
Phone
5032367996
Tax Period
2020-01-01 to 2020-12-31

YU CONTEMPORARY INC DBA YALE UNION, founded in 2009, is a small nonprofit that reported $301K in total revenue in fiscal year 2020. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $274K left a modest 9% surplus.

Mission

YU IS A CENTER FOR CONTEMPORARY ART IN SOUTHEAST PORTLAND, OREGON. IT IS LED BY A DESIRE TO SUPPORT ARTISTS, PROPOSE NEW MODES OF PRODUCTION, AND STIMULATE THE ONGOING PUBLIC DISCOURSE AROUND ART.

Program Service Accomplishments

Program 1
Expenses: $198,955 Revenue: $49,943

YALE UNION ARTISTIC PROGRAM. IN 2020 YALE UNION PRODUCED 1 ORIGINAL EXHIBITIONS, AND 3 EVENTS AND PERFORMANCES. THE ORIGINAL PLANNED PROGRAMMING FOR THAT YEAR HAD TO BE SIGNIFICANTLY REDUCED AND...

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YALE UNION ARTISTIC PROGRAM. IN 2020 YALE UNION PRODUCED 1 ORIGINAL EXHIBITIONS, AND 3 EVENTS AND PERFORMANCES. THE ORIGINAL PLANNED PROGRAMMING FOR THAT YEAR HAD TO BE SIGNIFICANTLY REDUCED AND ALTERED DUE TO COVID19. THE OBJECTIVE OF THIS ACTIVITY IS TO CARRY OUT THE ORGANIZATION'S MISSION TO SUPPORT ARTISTS WHILE PROPOSING NEW MODES OF PRODUCTION AND ENGAGING THE PUBLIC IN THE DISCOURSE OF ART. WE SUPPORT ARTISTS BY PROVIDING RIGOROUS CURATORIAL RESEARCH ON THEIR WORK TO COLLABORATIVELY PRODUCE THEIR EXHIBITIONS OR SUPPORT THE PLATFORMS THEY ELECT TO PERFORM. THIS PROGRAM SUPPORTS ARTISTS' CREATIVE EXPRESSION AND CHAMPIONS THE VALUE OF CULTURE IN HEALTHY SOCIETIES. YALE UNION ENGAGES AN AUDIENCE FROM OREGON, THE PACIFIC NORTHWEST REGION, NATIONALLY AND INTERNATIONALLY BY PRESENTING A DIVERSE MIX OF CONTEMPORARY ARTISTS FROM DIFFERENT BACKGROUNDS AND PLACES AND KEEP OUR PROGRAMS FREE OF CHARGE OR AT MINIMAL CHARGE TO REMOVE ECONOMIC BARRIERS TO ACCESS THEM. YALE UNION PROVIDES AFFORDABLE STUDIO SPACE TO ARTISTS WHICH ARE SUBSIDIZED BY PATRONAGE TO THE ORGANIZATION THEREBY. THESE STUDIOS ARE SITES OF PRODUCTION THAT ALLOW PORTLAND-BASED ARTISTS TO HAVE THE SPACE THEY NEED TO CONCEIVE, PRODUCE AND MAINTAIN THEIR ARTWORKS. YALE UNION HAS BEEN ABLE TO HOST COMMUNITY GROUPS REPRESENTING PEOPLE OF COLOR, THE LGBTQ COMMUNITY AND LOW-INCOME COMMUNITIES IN ITS SPACE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $242,410
Program Service Revenue $49,943
Investment Income $149
Other Revenue $8,128
TOTAL REVENUE $300,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,157
Fundraising Expenses $9,950
Program Expenses $198,955
Other Expenses $113,506
TOTAL EXPENSES $273,663

Year-over-Year Comparison

2020 2019 Change
Revenue $300,630 $563,323 -0.5%
Expenses $273,663 $482,430 -0.4%
Net Income $26,967 $80,893 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON FLINT JAMISON PRESIDENT 15.00
Officer Director
$0 $0 $0
DIANA KIM VICE-PRESIDENT 3.00
Officer Director
$0 $0 $0
ANDREA LOUNIBOS SECRETARY 1.00
Officer Director
$0 $0 $0
LAURALEE MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SENIOR BOARD MEMBER 1.00
Director
$0 $0 $0
REX RITTER BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $300,630 $273,663 $2,506,109 $26,967
2019 $563,323 $482,430 $2,485,827 $80,893
2018 $429,853 $479,471 $2,420,353 $-49,618
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