Venture Portland
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Portland, OR
- Founding
- 03/1999
- Data as of
- 06/2023
- 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 06/2023, Venture Portland employed 17 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 06/2023, Venture Portland generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $995.1k during the year ending 06/2023. While expenses have increased by 10.3% per year over the past 8 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 74 individual grants totaling $590,011. 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
2023
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
AS OF 2023, VENTURE PORTLAND CELEBRATED 37 YEARS OF SUPPORTING SMALL BUSINESS THROUGH PORTLANDS BUSINESS DISTRICT ASSOCIATIONS. WE CONTINUE TO PROVIDE INFORMATION AND ASSISTANCE, A GRANTS PROGRAM, NETWORKING OPPORTUNITIES, BOARD TRAININGS, WEBINARS, PROMOTIONS, AND OFFER SELECT DISTRICTS A DISTRICT MANAGER AT 36 HOURS PER WEEK THROUGH OUR CATALYTIC INVESTMENT INITIATIVE PROGRAM. IN 2022-23, WE PROVIDED 3,000 HOURS OF TECHNICAL ASSISTANCE TO BUSINESS DISTRICT ASSOCIATIONS. OUR MEMBERS DONATED 5,000 HOURS OF VOLUNTEER TIME TO SUPPORT OUR GOALS AND STRENGTHEN OUR BUSINESS COMMUNITY. WE STREAMLINED OUR EVENTS HUB WITH A FOCUS ON MARKETING AND PROMOTIONS AS KEY COMPONENTS OF THE EVENTS WORK. FOR THE FIRST TIME IN OUR HISTORY, IN THE SUMMER OF 2023, WE WERE ABLE TO OFFER A "MAJOR IMPACT GRANTS" OPPORTUNITY AWARDING 250,000 IN GRANT DOLLARS TO MULTIPLE BUSINESS DISTRICT ASSOCIATIONS. THIS, ALONG WITH OUR SPRING AND FALL GRANT CYCLES, ALLOWED US TO GIFT 350,000 IN GRANT FUNDING WITHIN THE SPAN OF TWELVE MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Church Executive Di | Officer | 40 | $117,448 |
Bridgid Blackburn Vice Preside | OfficerTrustee | 2 | $0 |
Michael Chase Director | Trustee | 2 | $0 |
Danielle Deschenes Director | Trustee | 2 | $0 |
Eleni Gerding President | OfficerTrustee | 10 | $0 |
Monika Hernandez 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 | $2,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,769 |
| Total Program Service Revenue | $1,320,929 |
| Investment income | $357 |
| 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 | $1,324,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,926 |
| 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. | $117,448 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $507,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,905 |
| Payroll taxes | $59,249 |
| 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 | $48,620 |
| Advertising and promotion | $2,609 |
| Office expenses | $30,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,802 |
| Travel | $9,655 |
| 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 | $1,627 |
| Insurance | $4,227 |
| All other expenses | $0 |
| Total functional expenses | $995,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,666 |
| 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 | $4,065 |
| Net Land, buildings, and equipment | $1,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,243 |
| Total assets | $1,095,774 |
| Accounts payable and accrued expenses | $44,730 |
| Grants payable | $159,620 |
| 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 | $142,735 |
| Total liabilities | $347,085 |
| Net assets without donor restrictions | $748,689 |
| 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 | $1,095,774 |
Grants Awarded
Over the last fiscal year, Venture Portland has awarded $86,126 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL EASTSIDE INDUSTRIAL PURPOSE: CAPACITY BUILDING | $7,500 |
GATEWAY AREA PURPOSE: CAPACITY BUILDING | $5,500 |
HILLSDALE BUSINESS & PROFESSIONALASSN PURPOSE: CAPACITY BUILDING | $8,926 |
HISTORIC MISSISSIPPI AVE PURPOSE: CAPACITY BUILDING | $6,300 |
LENTS GROWN PURPOSE: CAPACITY BUILDING | $6,700 |
LLOYD DISTRICT COMMUNITY ASSOCIATIO PURPOSE: CAPACITY BUILDING | $9,000 |