Portland Regional Educational Telecommunications Corporation
- Assets
- $5.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, OR
- Founding
- 02/1998
- Data as of
- 03/2022
- EIN
- 84-1360071
Organization Overview
Portland Regional Educational Telecommunications Corporation, operating under the name Voqal Portland, is located in Independence, OR. The organization was established in 1998. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voqal Portland 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 03/2022, Voqal Portland generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $900.9k during the year ending 03/2022. While expenses have increased by 14.7% per year over the past 7 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.
Since 2016, Voqal Portland has awarded 60 individual grants totaling $1,255,215. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR "CHARITABLE, SCIENTIFIC AND EDUCATIONX AND "SOCIAL WELFARE" PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)3 AND 501(C)4, RESPECTIVELY, OR THE INTERNAL REVENUE CODE. TO THIS END, THE NONPROFIT SHALL UNDERTAKE ACTIVITIES TO: SUPPORT THE PROVISION OF QUALITY AND DIVERSE INSTRUCTIONAL MEDIACONTENT AND CAPABILITIES TO EDUCATORS AND STUDENTS, INCLUDING, BUT NOTLIMITED TO, DATA SERVICES AND INSTRUCTIONAL VIDEO PROVIDED TOACCREDITED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL ORGANIZATIONSENGAGED IN THE FORMAL EDUCATION OF ENROLLED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOBILE CITIZEN: ON BEHALF OF VOQAL PORTLAND, MOBILE CITIZEN PLACED LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN OREGON AND NATIONWIDE IN FISCAL YEAR 2022. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL PORTLANDS OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END.
GRANTMAKING PROGRAM: VOQAL PORTLAND MAINTAINS A SEPARATE GRANTMAKING PROGRAM. IN FISCAL YEAR 2022, VOQAL PORTLAND MADE GRANTS TOTALING $191,115 TO 8 GRANTEES. EXPENSES TOTAL $232,300.
EDUCATION OPPORTUNITY PROJECT (EOP): VOQAL PORTLAND PARTICIPATES IN THE EDUCATION OPPORTUNITY PROJECT (EOP). THE EOP AIMS TO MEASURABLY REDUCE EDUCATIONAL OPPORTUNITY GAPS BY PROVIDING CAPITAL AND STRATEGIC ADVICE TO ENTREPRENEURS AND ORGANIZATIONS WORKING TO IMPROVE EDUCATIONAL OUTCOMES FOR DISADVANTAGED POPULATIONS. VOQAL NONPROFITS COLLECTIVELY SPENT $1,149,263 IN THE FISCAL YEAR 2022 PROGRAM WITH VOQAL PORTLAND CONTRIBUTING $32,978 TO THE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schwartz Director & Pres | OfficerTrustee | 7 | $0 |
Alice Ellis Gaut Executive VP | OfficerTrustee | 4 | $0 |
Adam Miller Secretary | Officer | 5 | $0 |
Barbara Hunter CFO | Officer | 5 | $0 |
Kim Bubon Asst. Secretary | Officer | 5 | $0 |
Brenda William Sears CEO | Officer | 5 | $0 |
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 | $415,578 |
| Investment income | $69,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $563,329 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,143,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $191,115 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $269,178 |
| Fees for services: Legal | $65,374 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,649 |
| Fees for services: Other | $27,276 |
| Advertising and promotion | $3,355 |
| Office expenses | $1,865 |
| Information technology | $3,102 |
| Royalties | $13,650 |
| Occupancy | $0 |
| Travel | $1,982 |
| 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 | $1,747 |
| All other expenses | $0 |
| Total functional expenses | $900,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,681 |
| Savings and temporary cash investments | $300,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,779 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,598,117 |
| Investments—other securities | $0 |
| Investments—program-related | $848,272 |
| Intangible assets | $0 |
| Other assets | $724 |
| Total assets | $5,481,784 |
| Accounts payable and accrued expenses | $132,149 |
| Grants payable | $0 |
| Deferred revenue | $47,404 |
| 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 | $179,553 |
| Net assets without donor restrictions | $5,302,231 |
| 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 | $5,481,784 |
Grants Awarded
Over the last fiscal year, Portland Regional Educational Telecommunications Corporation has awarded $191,115 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: CORE SUPPORT/FISCAL SPONSOR | $44,420 |
Portland, OR PURPOSE: CORE SUPPORT | $26,590 |
Woodburn, OR PURPOSE: CORE SUPPORT | $25,745 |
Portland, OR PURPOSE: CORE SUPPORT | $25,460 |
Portland, OR PURPOSE: CORE SUPPORT | $24,050 |
Portland, OR PURPOSE: CORE SUPPORT | $22,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canby Telephone Association Mt Angel, OR | $44,188,328 | $21,185,963 |
Molalla Telephone Company Molalla, OR | $51,519,806 | $19,104,786 |
Pioneer Telephone Cooperative Philomath, OR | $33,332,473 | $13,803,671 |
Beaver Creek Cooperative Telephone Company Mt Angel, OR | $10,445,522 | $8,019,128 |
Clear Creek Mutual Telephone Company Oregon City, OR | $3,887,678 | $5,435,820 |
Oregon Fiber Partnership Portland, OR | $21,836,406 | $14,659,612 |
Scio Mutual Telephone Association Scio, OR | $17,845,456 | $4,494,478 |
Tor Project Inc Seattle, WA | $4,406,515 | $7,413,548 |
San Jose Community Media Access Corp San Jose, CA | $11,012,115 | $2,077,013 |
Monitor Cooperative Telephone Company Woodburn, OR | $6,810,177 | $2,101,129 |
Inland Development Corporation Boardman, OR | $11,852,572 | $2,300,003 |
Midpeninsula Community Media Center Inc Palo Alto, CA | $7,154,675 | $636,954 |