Black United Fund Of Oregon Inc
- Assets
- $4.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, OR
- Founding
- 11/1983
- Data as of
- 06/2023
- EIN
- 93-0843267
Organization Overview
Black United Fund Of Oregon Inc is located in Portland, OR. The organization was established in 1983. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Black United Fund Of Oregon Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black United Fund Of Oregon Inc 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 06/2023, Black United Fund Of Oregon Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.3% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
BLACK UNITED FUND OF OREGON'S PRIMARY EXEMPT PURPOSE IS TO ASSIST IN THE SOCIAL & ECONOMIC DEVELOPMENT OF OREGON'S DISADVANTAGED COMMUNITIES BY PROVIDING FINANCIAL & MANAGEMENT ASSISTANCE TO NON-PROFIT AGENCIES & COORDINATING IMPORTANT COMMUNITY INITIATIVES TO STIMULATE GROWTH & DEVELOPMENT IN LOW-INCOME NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION/TRAINING - BUF PROVIDES PROFESSIONAL TRAINING TO COMMUNITY BASED ORGANIZATIONS IN THE AREAS OF NON-PROFIT MANAGEMENT BOARD DEVELOPMENT, SOCIAL ISSUES, ORGANIZATIONAL EFFICIENCY & SKILL & LEADERSHIP DEVELOPMENT. BUF ALSO OPERATES A NON-PROFIT RESOURCE LIBRARY & COMPUTER RESOURCE CENTER TO BE USED BY NON-PROFIT GROUPS, PROVIDE SUPPORT TO NON-PROFIT ORGANIZATIONS. DURING THE YEAR ENDED JUNE 30, 2023, 300 YOUTH AND YOUNG ADULTS WERE SERVED THROUGH POSTSECONDARY PROGRAMMING, LEADERSHIP DEVELOPMENT, COLLEGE SCHOLARSHIPS, SUPPORT FOR COLLEGE APPLICATIONS AND MORE.
COMMUNITY DEVELOPMENT/PHILANTROPHY - BUF PARTNERS WITH NEIGHBORHOOD ORGANIZATIONS & RESIDENTS TO INITIATE COMMUNITY PROBLEM SOLVING EFFORTS THAT IDENTIFY UNMET SOCIAL ECONOMIC DEVELOPMENT NEEDS IN OREGON'S LOW INCOME COMMUNITIES. THE ISSUES ARE ADDRESSED THRU A WIDE RANGE OF COLLABORATIVE PROGRAMS THAT INCLUDE HEALTHCARE, EDUCATION, ECONOMIC DEVELOPMENT & NEIGHBORHOOD REVITALIZATION. THRU EDUCATIONAL & OUTREACH INITIATIVES, BUF INCREASES AWARENESS TO SOCIAL, ECONOMIC & CULTURAL SIGNIFICANCE OF PHILANTROPHY, BUILDS THE CAPACITY OF INDIVIDUALS TO GIVE & ENCOURAGE GREATER PHILANTROPIC AWARENESS. DURING THE YEAR ENDED JUNE 30, 2023, 28 GRANTEES RECEIVED 34,000 TO SUPPORT CULTURALLY-SPECIFIC, SMALL NONPROFITS TO HELP THEM WEATHER THE IMPACT OF COVID 19. COLLECTIVELY THESE ORGANIZATIONS IMPACTED 3,000 YOUTH AND YOUNG ADULTS IN OREGON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Alexander President | OfficerTrustee | 2.88 | $0 |
Cobi Lewis Vice Preside | OfficerTrustee | 2.88 | $0 |
Carla Kelley Recording Se | OfficerTrustee | 2.88 | $0 |
Damian Crowder Treasurer | Trustee | 2.88 | $0 |
Patti Miles Committee Ch | Trustee | 2.88 | $0 |
Tia Coachman Board Member | Trustee | 2.88 | $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 | $1,886,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,886,597 |
| Total Program Service Revenue | $7,394 |
| Investment income | $8,803 |
| 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 | $1,971,089 |
| 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. | $132,725 |
| Compensation of current officers, directors, key employees. | $45,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,951 |
| Pension plan accruals and contributions | $22,329 |
| Other employee benefits | $53,559 |
| Payroll taxes | $40,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,375 |
| Fees for services: Accounting | $11,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,175 |
| Office expenses | $77,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,207 |
| Travel | $31,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,201 |
| Insurance | $28,379 |
| All other expenses | $196,709 |
| Total functional expenses | $1,963,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637,694 |
| Savings and temporary cash investments | $790,225 |
| 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 | $18,108 |
| Net Land, buildings, and equipment | $1,045,209 |
| Investments—publicly traded securities | $1,180,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,604 |
| Other assets | $0 |
| Total assets | $4,674,750 |
| Accounts payable and accrued expenses | $18,555 |
| 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 | $18,555 |
| Net assets without donor restrictions | $2,958,671 |
| Net assets with donor restrictions | $1,697,524 |
| 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 | $4,674,750 |