Portland Regional Educational Telecommunications Corporation
- Assets
- $7.7m
- Revenue
- $716.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, OR
- Founding
- 02/1998
- Data as of
- 03/2024
- EIN
- 84-1360071
Organization Overview
Portland Regional Educational Telecommunications Corporation, operating under the name Voqal Portland, is located in Portland, 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 03/2024, Voqal Portland generated $716.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $460.6k during the year ending 03/2024. While expenses have increased by 3.3% per year over the past 9 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 70 individual grants totaling $1,557,215. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PORTLAND REGIONAL EDUCATIONAL TELECOMMUNICATIONS CORPORATION (PRETC) IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR "CHARITABLE, SCIENTIFIC AND EDUCATION 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: TRANSMIT EDUCATIONAL PROGRAMMING IN THE GREATER PORTLAND AREA USING FREQUENCIES REGULATED BY THE FEDERAL COMMUNICATIONS COMMISSION. PRETC FOCUSES ON PHILANTHROPIC INITIATIVES THROUGH THE OREGON RAINDROP FUND THAT ADVANCE SOCIAL JUSTICE AND EQUITY, AND THAT WORK TO BRIDGE THE DIGITAL DIVIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - IN FY24, GRANTS RANGED FROM $5,000 TO $30,000, AND WITH 8 GRANTS TOTALING $172,000. GRANTS WERE PROVIDED TO 501(C)(3) ORGANIZATIONS, 501(C)(4) ORGANIZATIONS, AND POLITICAL ACTION COMMITTEES REGISTERED IN OREGON, WITH APPLICABLE TAX LIABILITY FOR ALL GRANTS IN SUPPORT OF POLITICAL CAMPAIGN ACTIVITIES.
DIGITAL DIVIDE INITIATIVE: PRETC RELOCATED MANAGEMENT TO OREGON AND ESTABLISHED PHILANTHROPIC INITIATIVES UNDER THE NAME OREGON RAINDROP FUND (ABN #1985537-95; WWW.OREGONRAINDROP.ORG). OREGON RAINDROP FUND ENVISIONS A SOCIALLY EQUITABLE AND JUST WORLD, WITH AN EMPOWERED, WELL-INFORMED PUBLIC, ACTIVELY ENGAGED IN A THRIVING DEMOCRACY. THROUGH THE PROGRESS INITIATIVE WE PROVIDE GRANTS TO PROGRESSIVE CAUSES, ORGANIZATIONS, AND LEADERS THAT REALIZE MEANINGFUL IMPACTS TOWARD ECONOMIC AND SOCIAL JUSTICE. GRANTMAKING INCLUDES SUPPORT FOR FAIR AND JUST PARTICIPATION IN THE DEMOCRATIC PROCESS. SUPPORT FOR CIVIC ENGAGEMENT EFFORTS FOCUSED ON VOTER REGISTRATION, EDUCATION, AND MOBILIZATION. SUPPORT TO IDENTIFY, DEVELOP, AND ELECT POLITICAL LEADERS WHO ARE COMMITTED TO PROGRESSIVE ISSUES. AND SUPPORT FOR GRASSROOTS ADVOCACY AND OUTREACH THAT REALIZES IMPACTS ON A WIDE RANGE OF PROGRESSIVE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lang Fmr Executive Director | 40 | $110,556 | |
Jonathan Duke Shepard Int Exec Dir | Officer | 40 | $11,250 |
John Schwartz Director & Pres | OfficerTrustee | 1 | $0 |
Thom Hartmann Vice President | Trustee | 1 | $0 |
Thomas Neuburger Treasurer | Trustee | 1 | $0 |
Kari Chisholm Director & Pres | Trustee | 1 | $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 | $0 |
| Investment income | $127,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $600,838 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $172,000 |
| 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. | $131,415 |
| Compensation of current officers, directors, key employees. | $119,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,654 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,152 |
| Fees for services: Other | $45,703 |
| Advertising and promotion | $19,987 |
| Office expenses | $2,879 |
| Information technology | $3,562 |
| Royalties | $0 |
| Occupancy | $4,024 |
| Travel | $739 |
| 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 | $476 |
| All other expenses | $0 |
| Total functional expenses | $460,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,662 |
| Savings and temporary cash investments | $149,514 |
| 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 | $6,374,983 |
| Investments—other securities | $0 |
| Investments—program-related | $827,318 |
| Intangible assets | $0 |
| Other assets | $3,585 |
| Total assets | $7,672,062 |
| Accounts payable and accrued expenses | $21,559 |
| Grants payable | $0 |
| Deferred revenue | $50,111 |
| 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 | $71,670 |
| Net assets without donor restrictions | $7,600,392 |
| 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 | $7,672,062 |
Grants Awarded
Over the last fiscal year, Portland Regional Educational Telecommunications Corporation has awarded $167,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ALLIANCE OF LANE CO PURPOSE: CORE SUPPORT | $25,000 |
ASHLAND CLIMATE COLLABORATIVE PURPOSE: CORE SUPPORT | $25,000 |
HERE TOGETHER PURPOSE: CORE SUPPORT | $25,000 |
HUMAN RIGHTS ADVOCATES OF COO PURPOSE: CORE SUPPORT | $7,000 |
LISA ARKINBEYOND TOXICS PURPOSE: CORE SUPPORT | $30,000 |
NEXT UP ACTION FUND PURPOSE: CORE SUPPORT | $25,000 |