Microenterprise Resources Initiatives & Training
- Assets
- $35.7k
- Revenue
- $158.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Keizer, OR
- Founding
- 11/2008
- Data as of
- 06/2022
- EIN
- 41-2247717
Organization Overview
Microenterprise Resources Initiatives & Training, operating under the name Merit Pnw, is located in Keizer, OR. The organization was established in 2008. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Merit Pnw employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merit Pnw is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Merit Pnw generated $158.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $279.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP PEOPLE START, LAUNCH AND GROW SUCCESSFUL SMALL BUSINESSES THROUGH TRAINING AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROENTERPRISE TRAINING INTIATIVES & TRAINING SERVED AROUND 125 PEOPLE IN MARION, POLK, YAMHILL AND SURROUNDING COUNTIES THROUGH BUSINESS DEVELOPMENT, FINANCIAL EDUCATION AND SPECIALIZED BUSINESS RELATED WORKSHOPS.
THE ASSET BUILDING PROGRAM: INDIVIDUAL DEVELOPMENT ACCOUNT FOR SMALL BUSINESS AND RETIREMENT ACCOUNT SUCCESFULLY GRADUATED 6 INDIVIDUALS AND ENROLLED 5 INDIVIDUALS.
MICROENTERPRISE TRAINING INTIATIVES & TRAINING OFFERED 100+ HOURS OF TECHNICAL ASSISTANCE AND ONE-ONE COACHING TO INDIVIDUALS INTERESTED IN STARTING A BUSINESS OR EXPANDING THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Vasquez Executive Director | OfficerTrustee | 40 | $71,591 |
Sara Curiel-Parez President | OfficerTrustee | 2 | $0 |
Quinn Burke Treasurer | OfficerTrustee | 2 | $0 |
Jose Garcia Secretary | OfficerTrustee | 1 | $0 |
Darrin Brightman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,951 |
| Total Program Service Revenue | $15,737 |
| Investment income | $0 |
| 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 | $158,688 |
| 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. | $71,299 |
| Compensation of current officers, directors, key employees. | $19,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,332 |
| Payroll taxes | $8,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,913 |
| Advertising and promotion | $1,130 |
| Office expenses | $197 |
| Information technology | $6,374 |
| Royalties | $0 |
| Occupancy | $12,056 |
| 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 | $1,255 |
| Total functional expenses | $279,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $4,190 |
| Total assets | $35,746 |
| Accounts payable and accrued expenses | $3,027 |
| 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 | $51,300 |
| Other liabilities | $4,167 |
| Total liabilities | $58,494 |
| Net assets without donor restrictions | -$34,748 |
| Net assets with donor restrictions | $12,000 |
| 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 | $35,746 |