Old Town Community Association
- Assets
- $380.3k
- Revenue
- $491.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Portland, OR
- Founding
- 01/2020
- Data as of
- 06/2024
- EIN
- 84-3282699
Organization Overview
Old Town Community Association is located in Portland, OR. The organization was established in 2020. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 06/2024, Old Town Community Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Town Community Association 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 06/2024, Old Town Community Association generated $491.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $737.2k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FACILITY FOR EDUCATION, RESEARCH AND EXCHANGE OF INFORMATION FOR CITIZENS WITHIN THE GENERAL AREA OF OLD TOWN CHINATOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS: WITH THE GOAL OF INCREASING FOOT TRAFFIC AND COMMERCE IN OLD TOWN, OTCA HAS ORGANIZED A SERIES OF ART OPENINGS, AND BLOCK PARTY STYLE EVENTS. THESE TAKE PLACE ON STREET PLAZAS AND IN A GALLERY SPACE THAT IS LEASED BY THE OTCA. NEARLY WEEKLY ART OPENINGS, STREET ACTIVATIONS, CULTURAL EVENTS, AND MARKETS WERE HELD REPRESENTING THE BROAD CONSTITUENTS AND VIEWPOINTS OF THE NEIGHBORHOOD. THE OPENING NIGHTS FOR GALLERY EVENTS AVERAGED 150 PEOPLE, STREET EVENTS AVERAGED 1,000 PEOPLE.CAPITAL PROJECTS WERE ALSO MANAGED BT THE OTCA: $500,000 ARPA GRANT FOR NEIGHBORHOOD RESILIENCY ENHANCEMENTS$$100,000 LANTERN PROJECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Burke Chair | OfficerTrustee | 12.5 | $0 |
Scott Kerman Vice Chair | OfficerTrustee | 6 | $0 |
Jonathan Cohen Treasurer | OfficerTrustee | 6 | $0 |
Phil Lundberg Secretary | OfficerTrustee | 6 | $0 |
Mary-Rain O'meara Director | Trustee | 1 | $0 |
Mitchell Menashe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $467,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,584 |
| Total Program Service Revenue | $0 |
| Investment income | $447 |
| 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 | $491,031 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,725 |
| Advertising and promotion | $14,850 |
| Office expenses | $5,144 |
| Information technology | $7,930 |
| Royalties | $0 |
| Occupancy | $1,529 |
| Travel | $817 |
| 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 | $1,828 |
| All other expenses | $0 |
| Total functional expenses | $737,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,898 |
| Savings and temporary cash investments | $255,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,802 |
| 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 | $0 |
| Total assets | $380,347 |
| Accounts payable and accrued expenses | $21,285 |
| 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 | $0 |
| Total liabilities | $21,285 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $359,062 |
| 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 | $380,347 |