Columbiagrid
- Assets
- $1.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Portland, OR
- Founding
- 06/2007
- Data as of
- 12/2019
- EIN
- 20-5439223
Organization Overview
Columbiagrid is located in Portland, OR. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Columbiagrid employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbiagrid is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, Columbiagrid generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE OPERATIONAL EFFICIENCY, RELIABILITY, AND EXPANSION OF THE NORTHWEST ELECTRICAL TRANSMISSION GRID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED SCHEDULE O - SUPPLEMENTAL INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Damiano President & | Officer | 40 | $284,730 |
Kevin Harris Sr Prod Cost | 40 | $174,458 | |
Larry Furumasu Sr Plan Engi | 40 | $163,544 | |
Dan Dettmer Vp/sec/treas | Officer | 40 | $155,915 |
Jonathan Young Sr Plan Engi | 40 | $155,656 | |
Hardev Juj Director | Trustee | 15 | $74,583 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,288,830 |
| Investment income | $1,540 |
| 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 | $2,291,339 |
| 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. | $504,665 |
| Compensation of current officers, directors, key employees. | $399,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $928,434 |
| Pension plan accruals and contributions | $129,958 |
| Other employee benefits | $158,087 |
| Payroll taxes | $89,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,083 |
| Fees for services: Accounting | $14,000 |
| 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 | $6,873 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,881 |
| Travel | $24,778 |
| 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 | $7,332 |
| Insurance | $79,778 |
| All other expenses | $62,664 |
| Total functional expenses | $2,339,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,278 |
| Savings and temporary cash investments | $460,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,347 |
| 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 | $103,338 |
| Net Land, buildings, and equipment | $4,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,471 |
| Total assets | $1,103,830 |
| Accounts payable and accrued expenses | $165,583 |
| 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 | $597,160 |
| Total liabilities | $762,743 |
| Net assets without donor restrictions | $341,087 |
| Net assets with donor restrictions | $0 |
| 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 | $1,103,830 |
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