Laurelhurst Neighborhood Assoc
- Assets
- $2.1m
- Revenue
- $199.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 11/1995
- Data as of
- 05/2022
- EIN
- 93-0962250
Organization Overview
Laurelhurst Neighborhood Assoc, operating under the name The Laurelhurst Club, is located in Portland, OR. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurelhurst Club 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 05/2022, Laurelhurst Club generated $199.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $183.6k during the year ending 05/2022. While expenses have increased by 31.6% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NONPROFIT CORPORATION ORGANIZED UNDER THE DIRECTION OF THE CITY OF PORTLAND OREGON OFFICE OF NEIGHBORHOOD INVOLVEMENT TO DO ALL OF THE ACTIVITIES RELATED TO THESE PURPOSES AND ENGAGE IN ANY LAWFUL ACTIVITY FOR WHICH A NON-PROFIT CORPORATION MAY BE ORGANIZED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVES MAINTAINS AND OPERATES THE LAURELHURST CLUB A 110 YEAR-OLD COMMUNITY BUILDING USING THE FACILITY FOR COMMUNITY PUBLIC AND PRIVATE EVENTS.
ENHANCES THE HISTORIC DISTRICT DESIGNATION OF THE LAURELHURST NEIGHBORHOOD BY OFFERING CENTURY PLAQUES FOR HOMES THAT ARE 100 YEARS OR OLDER. PREORDERS AND EXPENSES MAY OCCUR IN DIFFERENT FISCAL YEARS.
COORDINATES VOLUNTEER-MANAGED COMMUNITY EVENTS AND USES NET PROCEEDS AND DONATIONS TO PAY FOR MAINTENANCE AND REPAIR OF PUBLIC ASSETS IN THE LAURELHURST NEIGHBORHOOD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kayleen Kusterer President | OfficerTrustee | 4 | $0 |
Teresa Browning Vice President | OfficerTrustee | 4 | $0 |
James Edelson Secretary | OfficerTrustee | 2 | $0 |
Fredrick Cooper Treasurer | OfficerTrustee | 4 | $0 |
Abigail Smock Board Member | Trustee | 2 | $0 |
Steven Rebischke Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,630 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,630 |
| Total Program Service Revenue | $189,325 |
| Investment income | $7 |
| 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 | $198,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $89,509 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,731 |
| Advertising and promotion | $6,834 |
| Office expenses | $761 |
| Information technology | $5,531 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,829 |
| Interest | $848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,418 |
| Insurance | $3,495 |
| All other expenses | $8,549 |
| Total functional expenses | $183,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,572 |
| Savings and temporary cash investments | $5,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $750 |
| 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 | $1,860 |
| Net Land, buildings, and equipment | $2,031,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,106,933 |
| Accounts payable and accrued expenses | $15,321 |
| Grants payable | $0 |
| Deferred revenue | $25,565 |
| 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 | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $65,886 |
| Net assets without donor restrictions | $2,008,266 |
| Net assets with donor restrictions | $32,781 |
| 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 | $2,106,933 |
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