Venture Portland
- Assets
- $351.8k
- Revenue
- $591.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Portland, OR
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 93-1111942
Organization Overview
Venture Portland is located in Portland, OR. The organization was established in 1999. 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, Venture Portland employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture 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, Venture Portland generated $591.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $483.7k during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 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.
Since 2015, Venture Portland has awarded 63 individual grants totaling $501,235. 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
VENTURE PORTLAND MEANS BUSINESS. THE ORGANIZATION INVESTS IN THE SMART, STRATEGIC GROWTH OF PORTLAND'S 50 UNIQUE NEIGHBORHOOD BUSINESS DISTRICTS THROUGH GRANTS, TRAINING, AND PROMOTION. TOGETHER, NEIGHBORHOOD BUSINESS DISTRICTS CONTAIN 19,200 BUSINESSES AND PROVIDE 270,000 JOBS, PLAYING A VITAL ROLE IN PORTLAND'S ECONOMY. VENTURE PORTLAND BUILDS THE CAPACITY OF AND CONNECTIONS BETWEEN THESE DISTRICTS THAT COLLECTIVELY MEET LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL DEMAND FOR GOODS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURE PORTLAND MEANS BUSINESS. WE CELEBRATED 35 YEARS SUPPORTING PORTLAND'S UNIQUE NEIGHBORHOOD BUSINESS DISTRICTS THROUGH GRANTS, TRAINING AND PROMOTION. WE PROVIDED 4,236 HOURS OF TRAINING AND TECHNICAL ASSISTANCE, FACILITATED WEEKLY BUSINESS DISTRICT MARKETING VIA SOCIAL MEDIA AND NEWSLETTERS AND DISTRIBUTED 91,000 IN GRANTS TO FUND BUSINESS DISTRICT PROJECTS. VENTURE PORTLAND'S DEDICATED BOARD AND CII VOLUNTEERS CONTRIBUTED 5,800 VOLUNTEER HOURS TO HELP THE ORGANIZATION BUILD THE CAPACITY OF AND CONNECTIONS BETWEEN BUSINESS DISTRICTS. FINALLY, WE CONTINUED THE CATALYTIC INVESTMENT INITIATIVE PROVIDING TARGETED RESOURCES AND STAFFING SUPPORT TO 7 BUSINESS DISTRICTS CITY WIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Church Executive Di | Officer | 40 | $88,962 |
Eleni Gerding Secretary | OfficerTrustee | 5 | $0 |
Bridgid Blackburn Vice Preside | OfficerTrustee | 5 | $0 |
Nidal Kahl Treasurer | OfficerTrustee | 5 | $0 |
Liz Smith President | OfficerTrustee | 10 | $0 |
Nancy Chapin Director | Trustee | 2 | $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 | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $590,884 |
| Investment income | $578 |
| 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 | $591,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,700 |
| 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. | $88,962 |
| Compensation of current officers, directors, key employees. | $17,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,838 |
| Payroll taxes | $21,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $29,919 |
| Advertising and promotion | $2,674 |
| Office expenses | $1,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,876 |
| Insurance | $4,894 |
| All other expenses | $0 |
| Total functional expenses | $483,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,633 |
| 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 | $4,563 |
| Net Land, buildings, and equipment | $4,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $351,772 |
| Accounts payable and accrued expenses | $21,647 |
| 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 | $67,337 |
| Other liabilities | $0 |
| Total liabilities | $88,984 |
| Net assets without donor restrictions | $262,788 |
| 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 | $351,772 |
Grants Awarded
Over the last fiscal year, Venture Portland has awarded $57,300 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FOSTER AREA PURPOSE: CAPACITY BUILDING | $12,800 |
ST JOHNS BOOSTERS PURPOSE: CAPACITY BUILDING | $7,500 |
WILLIAMS VANCOUVER PURPOSE: CAPACITY BUILDING | $7,000 |
Portland, OR PURPOSE: CAPACITY BUILDING | $6,000 |
DIVISIONCLINTON PURPOSE: CAPACITY BUILDING | $6,000 |
OLD TOWN COMMUNITY PURPOSE: CAPACITY BUILDING | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
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 |