Portland Commercial Club
- Assets
- $338.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ND
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 45-6016232
Organization Overview
Portland Commercial Club is located in Portland, ND. The organization was established in 1981. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Commercial Club 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, Portland Commercial Club generated $154.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $157.3k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED ECONOMICALLY DESIGNED AND CONSTRUCTED HOUSING SUITED FOR INDEPENDENT LIVING OF THE ELDERLY WHO LIVE IN RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Kornkven President | 2 | $0 | |
Corey Mcgillis Vice-President | 2 | $0 | |
Tom Capouch Secretary/treasurer | 2 | $0 | |
Loren Basol Director | 2 | $0 | |
Neil Lerfald Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,460 |
| Total Program Service Revenue | $130,549 |
| Membership dues | $0 |
| Investment income | $131 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $256 |
| Total Revenue | $154,396 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,213 |
| Occupancy, rent, utilities, and maintenance | $102,347 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,697 |
| Total expenses | $157,257 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167,277 |
| Other assets | $0 |
| Total assets | $338,557 |
| Total liabilities | $30,574 |
| Net assets or fund balances | $307,983 |