Travel Portland
- Assets
- $18.9m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 78
- Location
- Portland, OR
- Founding
- 11/1979
- Data as of
- 06/2021
- 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 06/2021, Travel Portland employed 78 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 06/2021, Travel Portland generated $9.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $11.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Travel Portland has awarded 42 individual grants totaling $513,000. 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
2021
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 6/30/21 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 DISTRIBUTES A VISITOR GUIDE, AND A CONVENTION AND TRADE SHOW CALENDAR. TRAVEL PORTLAND ALSO SPONSORED VIRTUAL NETWORKING EVENTS FOR BUSINESS PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Faulstick Chief Sales Officer (out Going) | 50 | $356,897 | |
Jeffrey Miller President/ceo | Officer | 50 | $338,938 |
Megan Conway Chief Strategy Officer | 50 | $181,313 | |
Greg Newland Chief Marketing Officer | 50 | $177,400 | |
James Jessie Chief Sales Officer | 50 | $167,427 | |
Mike Daley Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wieden Kennedy Advertising | 6/29/21 | $2,418,583 |
Metropolitan Exposition Recreation Commi Facility Rental | 6/29/21 | $525,137 |
Grady Britton Advertising | 6/29/21 | $323,439 |
Locl Inc Locl Software Subscription | 6/29/21 | $187,500 |
Andueza Cfo Advisory Interim Cfo | 6/29/21 | $170,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,979,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,845 |
| Noncash contributions included in lines 1a–1f | $2,845 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,981,919 |
| Total Program Service Revenue | $232,687 |
| Investment income | $77,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$524,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,767,566 |
| 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. | $381,513 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,998,105 |
| Pension plan accruals and contributions | $169,549 |
| Other employee benefits | $432,994 |
| Payroll taxes | $364,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,642 |
| Fees for services: Accounting | $40,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,901 |
| Fees for services: Other | $899,071 |
| Advertising and promotion | $1,460,162 |
| Office expenses | $578,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,099,301 |
| Travel | $45,730 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568,945 |
| Insurance | $53,744 |
| All other expenses | $217,881 |
| Total functional expenses | $11,849,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,034,962 |
| Savings and temporary cash investments | $2,032,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $735,470 |
| 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 | $249,316 |
| Net Land, buildings, and equipment | $1,437,598 |
| Investments—publicly traded securities | $5,338,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,036,542 |
| Total assets | $18,865,244 |
| Accounts payable and accrued expenses | $1,822,858 |
| Grants payable | $0 |
| Deferred revenue | $213,647 |
| 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 | $4,975,501 |
| Total liabilities | $7,012,006 |
| Net assets without donor restrictions | $11,853,238 |
| 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 | $18,865,244 |
Grants Awarded
Over the last fiscal year, Travel Portland has awarded $258,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $20,000 |
Portland, OR PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $20,000 |
Portland, OR PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $15,000 |
HERBERT BEAUCCLERE SMITH JR (DBA SNEAKERWEEK LLC) PURPOSE: OUT OF MARKET ADVERTISING SUPPORT | $15,000 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Travel Portland has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Visitor Development Fund Inc Portland, OR PURPOSE: SUPPORT FOR EXPERIENT E4 CONFERENCE - PAID TO VARIOUS VENDORS | $60,000 |
Visitor Development Fund Inc Portland, OR PURPOSE: SUPPORT FOR EXPERIENT E4 CONFERENCE - PAID TO VARIOUS VENDORS | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |