2024-11-14T14:40:16-08:00 2023-12-31 472050136 Sohler Law 3 Centerpointe Drive Suite 190 Lake Oswego OR 97035 990EZ 2023-01-01 460579356 IdeaWorks Inc IDEA 5039951337 1002 SE 8th Ave Portland OR 97214 Nickolas Harbar President 2024-11-14 true true Richard Sohler P01290539 5036627880 X 2023 2024-10-15 13:58:12Z X X N/A X X 104705 X 104705 0 0 0 0 104705 2717 786 59594 28518 91615 13090 18269 31359 X 20371 25887 4481 8156 4332 6182 29184 40225 10915 8866 18269 31359 The purposes of the Corporation are exclusively those allowed for organizations defined under 501(c)(3) of the Internal Revenue Code. Within these limits, the purposes of the Corporation include the following: a.Facilitates resources and education for aspiring artists, crafters and makers in all aspects of their workb.Fosters innovation and collaboration between masters and students in order to produce new worksc.Endeavors to preserve cultural heritage while fostering growth and innovation Rented a space to house aspiring artists, crafters and makers.Began having artist members Nickolas Harbar President 0 0 Mary Ann Willis Secretary 0 0 Cristal French Treasurer 0 0 X false true false false false false false 0 0 0 false 0 0 false Nickolas Harbar 1002 SE 8th Ave Portland OR 97214 5039951337 false false false false false false false false false false false NONE NONE true X -1 -1 152700 113328 104179 370205 0 0 0 0 -1 -1 152700 113328 104179 370205 0 0 370205 0 0 0 0 -1 -1 152700 113328 104179 370205 1.00000 1.00000 0.00000 X Other Expenses.1001 Advertising and Promotion $304 Other Expenses.1002 Office Expenses $489 Other Expenses.1009 Depreciation $448 Other Expenses.1012 Insurance $4169 Other Expenses.1 Outside Services $15328 Other Expenses.2 Other $2157 Other Expenses.3 Licenses $1705 Other Expenses.4 Repairs & Maintenance $1480 Other Expenses.5 Bank Charges and Fees $1219 Other Expenses.6 Website Expense $985 Other Expenses.7 Facility Supplies $166 Other Expenses.8 Meals & Entertainment $68 Other Assets.1011 Prepaid Expenses and Deferred Charges - Beginning $4332 Prepaid Expenses and Deferred Charges - Ending $6182 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $8432 Accounts Payable and Accrued Expenses - Ending $8866 Total Liabilities.1 Damage Deposits - Beginning $2483 Damage Deposits - Ending $0 Changes to Organizing or Governing Documents Removed: Chair when so authorized by the Board, shall sign all contracts, grant awards, and legal documents for and in the name of the corporation.Added: The President may delegate some or all of these tasks but remains responsible for their proper completion.Removed:The Secretary shall attend all meetings; In the absence of the Chair the dutiesshall be performed by the SecretaryAdded: The Secretary will Perform or oversee the performance of the following duties[and all duties] incident to the officeand [that] may be assigned by the President or the BoardSee that all notices are duly given in accordance with the provisions of these Bylaws or as required by law. Keep [each Directors] contact informationAdded: The Treasurer will Perform or oversee the performance of the following dutiesEnsure that [financial statements and reports] are presented to the Boardat least once each quarter.Ensure that all required state and federal reports are prepared and filed in a timely fashion. Added Executive DirectorAdded: Upon the dissolution of the Corporation, the Board shall establish a plan of dissolution and shall distribute its assets according to its Articles of Incorporation.Advance notice requirement changed from 30 to 7 daysVote requirement changed from unanimous to ? (or in the case of 5 Directors, ?) of all Directors then in officeGeneral Board of Directors voting requirement changed from unanimous to majority of attendingElection of Directors by Board changed from unanimous to majority of the attending DirectorsAdded: Officers may be removed . . . by a vote of the majority of the attending Directors, not including the Officer to be removedAdded to Board of Directors powers: Employ and supervise the Executive Director, prescribe their duties and delegate such powers to them as are consistent with BylawsOfficers to be elected by changed from unanimous to majority vote of attending DirectorsAdded: Majority vote of all Directors required to establish Executive Committee Changed Executive Committee to consist of: from Chair, Secretary, Treasurer and other members as appropriate to solely of current Directors, numbering at least three but not all DirectorsRemoved Nominating Committee for Directors Board may authorize certain powers, set certain limits and requirements for Executive CommitteeBoard to appoint or delegate appointment of Standing Committee members, including Committee President designationProcedures for Board establishment and oversight of, and powers over, committees detailed in Committees sectionAdded: Compensation of Officers and Directors. No Officer or Director will receive any compensation for fulfilling the responsibilities of a Director of the Board or of an Officer as defined in these Bylaws. However, the Corporation may pay compensation to Officers and Directors for other services performed as employees or independent contractors as long as the required rules for conflicts of interest are followed. Directors and their relatives who receive regular compensation from the Corporation must always constitute less than a majority of the Board. Officers and Directors may be given reimbursement for actual expenses incurred in the course of fulfilling their responsibilities, subject to Board approval.Removed Fix compensation from Board powersRemoved Conflict of Interest and Whistleblower policies from Bylaws and replaced with dedicated policies in the Policy recordsAdded Conflict of Interest section referring to that policy and specifying procedure for handling COIs, including approval by majority of attending Directors not including the interested party or partiesAdded dedicated document retention and destruction policy to the Policy recordsAdded: Annual Financial Assessment The Board of Directors shall require the performance of an annual audit, financial review, financial compilation, or financial assessment, which must involve the services of a trusted person with bookkeeping skills and knowledge, who does not do the bookkeeping for the Corporation or sign checks for the Corporation. This need not be a formal audit but must at least involve a sufficiently thorough review of the Corporations financial records so that it would likely discover any misuse, embezzlement, or theft of the Corporations funds or assets.