Irco
- Assets
- $18.9m
- Revenue
- $54.8m
- Investments
- $0.0
- Employees
- 944
- Location
- Portland, OR
- Founding
- 05/1985
- Data as of
- 09/2023
- EIN
- 93-0806295
Organization Overview
Irco is located in Portland, OR. The organization was established in 1985. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, Irco employed 944 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irco 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 09/2023, Irco generated $54.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $52.0m during the year ending 09/2023. While expenses have increased by 11.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IRCO ASSISTS FAMILIES TO BECOME SELF-SUFFICIENT AND INTEGRATED INTO OREGON SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ACADEMIC AND WORKFORCE PROGRAMS - IRCO'S CULTURALLY AND LINGUISTICALLY SPECIFIC ACADEMIC SUPPORT PROGRAMS, MENTORING PROGRAMS, GANG INTERVENTION AND PREVENTION PROGRAMS, AND SCHOOLS UNITING NEIGHBORHOODS (SUN) PROGRAMS IN PORTLAND SCHOOLS ASSIST REFUGEE AND IMMIGRANT YOUTHS ACHIEVE HIGH SCHOOL DIPLOMAS AND INTEGRATE WITH THE COMMUNITY AT LARGE.
FAMILY AND COMMUNITY SERVICES AND ECONOMIC DEVELOPMENT - IRCO'S CULTURALLY SPECIFIC ANTI-POVERTY, DOMESTIC VIOLENCE SERVICES, FINANCIAL LITERACY, FAMILY MEDIATION, AND AFRICA HOUSE PROGRAMS HELPS FAMILIES AND COMMUNITIES BECOME HEALTHY, SELF-SUFFICIENT, AND INTEGRATED.
JOB PLACEMENT AND RELATED SERVICES - IRCO PROGRAMS THAT PROVIDE JOB READINESS TRAINING AND HELP ADULTS AND YOUTHS FROM THE REFUGEE AND IMMIGRANT COMMUNITY FIND AND MAINTAIN EMPLOYMENT INCREASE ECONOMIC SELF-SUFFICIENCY AND INTEGRATION WITH THE COMMUNITY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zaur Akhriev Immediate Past President | OfficerTrustee | 1 | $0 |
Laila Hajoo President | OfficerTrustee | 1 | $0 |
Matthew Mcclellan Vice President | OfficerTrustee | 1 | $0 |
Aneesh Aggarwal Secretary | OfficerTrustee | 1 | $0 |
Komi Kalevor Treasurer | OfficerTrustee | 1 | $0 |
Vadim Mozyrsky Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Certified Languages International Llc Community Works | 9/29/23 | $804,930 |
Native American Youth And Family Center Community Works | 9/29/23 | $423,392 |
Self Enhancement Inc Community Works | 9/29/23 | $170,116 |
Our Just Future (Fka Human Solutions) Community Works | 9/29/23 | $142,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,219 |
| Related organizations | $0 |
| Government grants | $45,956,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $956,908 |
| Noncash contributions included in lines 1a–1f | $394,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,057,564 |
| Total Program Service Revenue | $5,409,150 |
| Investment income | $53,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,682 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,879 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,825,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,344 |
| Grants and other assistance to domestic individuals. | $8,213,068 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $651,164 |
| Compensation of current officers, directors, key employees. | $514,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,671,438 |
| Pension plan accruals and contributions | $765,600 |
| Other employee benefits | $3,506,420 |
| Payroll taxes | $2,298,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,081 |
| 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 | $3,380,905 |
| Advertising and promotion | $0 |
| Office expenses | $2,318,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,060,284 |
| Travel | $331,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,342 |
| Insurance | $118,005 |
| All other expenses | $0 |
| Total functional expenses | $51,987,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,571,910 |
| Savings and temporary cash investments | $454,229 |
| Pledges and grants receivable | $9,900,836 |
| 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 | $3,021,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,948,413 |
| Accounts payable and accrued expenses | $2,140,585 |
| Grants payable | $0 |
| Deferred revenue | $430,092 |
| 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 | $2,570,677 |
| Net assets without donor restrictions | $15,134,966 |
| Net assets with donor restrictions | $1,242,770 |
| 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 | $18,948,413 |
Grants Awarded
Over the last fiscal year, Irco has awarded $150,304 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIVE AMERICAN YOUTH AND FAMILY CENTER PURPOSE: LOW INCOME HOME ENERGY ASSISTANCE. | $116,347 |
MOUNT HOOD COMMUNITY COLLEGE PURPOSE: CAREER PATHWAYS NAVIGATION FOR REFUGEES | $33,957 |