Greater Portland Economic Development District Inc
- Assets
- $348.9k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Portland, OR
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 06-1706401
Organization Overview
Greater Portland Economic Development District Inc is located in Portland, OR. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Greater Portland Economic Development District Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Portland Economic Development District Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Greater Portland Economic Development District Inc generated $195.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $195.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE REGIONAL ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, GREATER PORTLAND EONOMIC DEVELOPMENT DISTRICT (GPEDD) CONTINUED TO PROMOTE REGIONAL ECONOMIC DEVELOPMENT.GPEDD UPDATES THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) FOR THE REGION EVERY FIVE YEARS. THE GREATER PORTLAND CEDS SEEKS TO UNIFY THE REGION AROUND THREE CORE PILLARS: STRONG ECONOMIC GROWTH, EQUITY AND RESILIENCE. THESE PILLARS INFORMED THE CEDS FRAMEWORK AND SUBSEQUENT RECOMMENDATIONS. THE STRATEGY CHARTS A BOLD NEW VISION FOR THE GREATER PORTLAND REGION, ONE WITH AN EQUITABLE, INNOVATIVE, RESILIENT AND FORWARD-THINKING ECONOMY THAT FOSTERS UPWARD ECONOMIC MOBILITY FOR INDIVIDUALS AND PROSPERITY FOR BUSINESSES. THE GPEDD BOARD IS COMMITTED TO ENSURING SUCCESSFUL IMPLEMENTATION OF THE RECOMMENDATIONS FROM 2022 THROUGH 2027.OVER 250 REGIONAL PARTNERS REPRESENTING MORE THAN 100 ORGANIZATIONS, JURISDICTIONS AND BUSINESSES WERE ENGAGED DURING THIS 18-MONTH PROCESS TO COLLABORATE, CREATE AND REFINE THE DIRECTION OF THIS WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Mason Chair & Board Member | OfficerTrustee | 4 | $0 |
Jason Green Vice Chair & Board Member | OfficerTrustee | 4 | $0 |
Mike Bomar Secretary & Board Member | OfficerTrustee | 4 | $0 |
Maria Caballero Rubio Treasurer & Board Member | OfficerTrustee | 4 | $0 |
Kimberly Branam Board Member | Trustee | 2 | $0 |
Jennifer Baker Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,000 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,211 |
| Compensation of current officers, directors, key employees. | $12,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $285,968 |
| Pledges and grants receivable | $62,917 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $348,885 |
| Accounts payable and accrued expenses | $500,403 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500,403 |
| Net assets without donor restrictions | -$207,768 |
| Net assets with donor restrictions | $56,250 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $348,885 |