Philippine American Chamber Of Commerce Of Oregon
- Assets
- $482.6k
- Revenue
- $827.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Portland, OR
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 93-1224062
Organization Overview
Philippine American Chamber Of Commerce Of Oregon is located in Portland, OR. The organization was established in 1998. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Philippine American Chamber Of Commerce Of Oregon employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philippine American Chamber Of Commerce Of Oregon 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 12/2022, Philippine American Chamber Of Commerce Of Oregon generated $827.3k in total revenue. All expenses for the organization totaled $441.8k during the year ending 12/2022. While expenses have increased by 59.7% 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 2020, Philippine American Chamber Of Commerce Of Oregon has awarded 39 individual grants totaling $837,538. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PHILIPPINE AMERICAN CHAMBER OF COMMERCE OF OREGON (PACCO) IS A WELCOMING AND INCLUSIVE COMMUNITY DEDICATED TO EMPOWERING ECONOMIC RESILIENCY, AFFORDABLE SUSTAINABILITY, AND PURPOSE-DRIVEN GLOBAL COMMERCE. WE FOCUS ON CREATING OPPORTUNITIES FOR SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES.THROUGH OUR EQUITY LENS FRAMEWORK, PACCO PROMOTES ECONOMIC OPPORTUNITY, EDUCATION, PROFESSIONALISM, AND CIVIC ENGAGEMENT. WE OFFIER SCHOLARSHIPS, LEADERSHIP TRAINING PROGRAMS, AND TECHNICAL ASSISTANCE TO SUPPORT EDUCATION, SKILL DEVELOPMENT, AND ENTREPRENEURIAL SUCCESS.OUR NETWORKING EVENTS, WORKSHOPS, AND SEMINARS PROVIDE VALUABLE OOPPORTUNITIES TO FORGE PARTNERSHIPS, EXPLORE NEW AVENUES FOR GROWTH, AND EXPAND YOUR NETWORK, HELPING YOU ENHANCE YOUR BRAND RECOGNITION AND REACH A BROADER AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR SOCIALLY AND ECONOMICALLY DISADVANTAGED INDIVIDUALS OF HISTORICALLY UNDERSERVED BUSINESS OWNERS INCLUDING TECHINCAL ASSISTANCE, RESOURCE NAVIGATION, AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanette Bolus-Edmonds Executive Dir. | Officer | 40 | $138,024 |
Jan Mason President | OfficerTrustee | 10 | $0 |
Dory Lim Vice President | OfficerTrustee | 3 | $0 |
Joseph Eustaquio Treasurer | OfficerTrustee | 3 | $0 |
Irene Appel Secretary | OfficerTrustee | 3 | $0 |
Jaime Lim Pres. Emeritus | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $667,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,017 |
| Total Program Service Revenue | $91,305 |
| Investment income | $0 |
| 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 | $827,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,250 |
| Grants and other assistance to domestic individuals. | $2,270 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,789 |
| Compensation of current officers, directors, key employees. | $2,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,638 |
| Payroll taxes | $1,472 |
| 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 | $17,482 |
| Advertising and promotion | $0 |
| Office expenses | $14,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,065 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $441,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $280,515 |
| 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 | $1,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,752 |
| Total assets | $482,629 |
| Accounts payable and accrued expenses | $6,728 |
| 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 | $6,728 |
| Net assets without donor restrictions | $109,209 |
| Net assets with donor restrictions | $366,692 |
| 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 | $482,629 |
Grants Awarded
Over the last fiscal year, Philippine American Chamber Of Commerce Of Oregon has awarded $421,240 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK AMERICAN CHAMBER OF COMMERCE | | | $192,030 |
TAMALE BOY | | | $15,000 |
VAN HANH VEGETARIAN RESTAURANT | | | $5,985 |
MOJGAN ROSTAMIAN DMD PC | | | $5,985 |
VG ENTERTAINMENT CENTER INC | | | $5,985 |
DESIGN BY LE'YON INC | | | $5,985 |