Travel Portland
- Assets
- $18.0m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Portland, OR
- Founding
- 11/1979
- Data as of
- 06/2022
- EIN
- 93-0723862
Organization Overview
Travel Portland is located in Portland, OR. The organization was established in 1979. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Travel Portland employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Travel Portland is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Travel Portland generated $21.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $21.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Travel Portland has awarded 32 individual grants totaling $384,000. 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
MARKETING PORTLAND, OREGON AS A PREFERRED DESTINATION FOR MEETINGS, CONVENTIONS & LEISURE TRAVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED 6/30/22 TRAVEL PORTLAND ALLOCATED RECEIPTS FROM THE CITY OF PORTLAND, MULTNOMAH COUNTY, AND OREGON LODGING TAXES, AS WELL AS FUNDS FROM THE METROPOLITAN EXPOSITION RECREATION COMMISSION (MERC), TO VARIOUS ACTIVITIES TO SOLICIT, PROCURE AND SERVICE CONVENTION BUSINESS AND TOURISM IN THE PORTLAND METROPOLITAN REGION. TRAVEL PORTLAND MAINTAINS THE TRAVELPORTLAND.COM WEBSITE THAT PROVIDES INFORMATION TO VISITORS, MEETING PLANNERS, WHICH INCLUDES THE CONVENTION AND TRADE SHOW CALENDAR, FOOD CART FINDER, AND NEAR ME NOW MAP GUIDE. TRAVEL PORTLAND ALSO SPONSORS NETWORKING EVENTS FOR BUSINESS PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Daley Chair | OfficerTrustee | 3 | $0 |
Peter Fleming Chair-Elect | OfficerTrustee | 2 | $0 |
Linda Weston Past Chair | OfficerTrustee | 2 | $0 |
Ana Andueza Treasurer | OfficerTrustee | 2 | $0 |
Charles Holt Vice Chair | OfficerTrustee | 2 | $0 |
Alex Dawes Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Industry Creative Llc B-roll Production & Summer 21 Assets Upd | 6/29/22 | $1,289,692 |
Travel Oregon Spring Media Buy | 6/29/22 | $957,908 |
Vox Media Llc Top Chef Campaign | 6/29/22 | $400,000 |
Metropolitan Exposition Recreation Commi Facility Rental | 6/29/22 | $404,455 |
The Mission Productions Lp Top Chef Tv Show - Portland Or | 6/29/22 | $415,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,638,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,235 |
| Noncash contributions included in lines 1a–1f | $3,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,641,828 |
| Total Program Service Revenue | $478,379 |
| Investment income | $233,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$230,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,123,456 |
| 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. | $503,492 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,218,658 |
| Pension plan accruals and contributions | $264,029 |
| Other employee benefits | $522,733 |
| Payroll taxes | $466,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,004 |
| Fees for services: Accounting | $41,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,467 |
| Fees for services: Other | $3,095,814 |
| Advertising and promotion | $4,953,829 |
| Office expenses | $1,191,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,057,324 |
| Travel | $557,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $608,067 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,229 |
| Insurance | $59,147 |
| All other expenses | $223,708 |
| Total functional expenses | $21,189,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,391,066 |
| Savings and temporary cash investments | $2,032,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,747,140 |
| 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 | $438,334 |
| Net Land, buildings, and equipment | $1,360,935 |
| Investments—publicly traded securities | $4,786,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,214,336 |
| Total assets | $17,970,888 |
| Accounts payable and accrued expenses | $2,473,269 |
| Grants payable | $0 |
| Deferred revenue | $27,900 |
| 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 | $4,234,735 |
| Total liabilities | $6,735,904 |
| Net assets without donor restrictions | $11,234,984 |
| 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 | $17,970,888 |
Grants Awarded
Over the last fiscal year, Travel Portland has awarded $129,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DESIGN WEEK PORTLAND PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $10,000 |
HERBERT BEAUCCLERE SMITH JR (DBA SNEAKERWEEK LLC) PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $15,000 |
LARA MEDIA SERVICES LLC PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $15,000 |
LITERARY ARTS PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $12,500 |
NORTHWEST FILM CENTER PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $10,000 |
PDX JAZZ PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $20,000 |