Oregon Association Of Minority Entrepreneurs
- Assets
- $1.4m
- Revenue
- $346.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, OR
- Founding
- 07/1991
- Data as of
- 12/2019
- EIN
- 93-1313980
Organization Overview
Oregon Association Of Minority Entrepreneurs is located in Portland, OR. The organization was established in 1991. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2017, Oregon Association Of Minority Entrepreneurs employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oregon Association Of Minority Entrepreneurs 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 12/2019, Oregon Association Of Minority Entrepreneurs generated $346.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $367.2k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING MINORITY BUSINESSES WITH TECHNICAL CONSULTING, MEANS OF ACCESSING CAPITAL OFFICE SPACE AT REDUCED RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAME HOLDING LEASED SPACE OF APPROXIMATELY 40,000 SQ.FT. TO HOUSE 13 SMALL BUSINESSES AND ORGANIZATIONS. HAVING THE TENANTS CLOSE ALLOWED OAME HOLDING'S PARANT COMPANY OAME TO ASSIST THE BUSINESSES DEVELOP AND PROSPER. THE SPACE IS RENTED AT REDUCED RATES THAT ALSO ALLOWS THE TENANTS EVIDENT ADVANTAGES.
OAME CREDIT CORPORATION ACQUIRES FUNDING FROM BOTH PRIVATE AND PUBLIC SOURCES TO ESTABLISH A POOL OF FUNDING TO PROVIDE MICRO LOANS TO BUSINESS THAT WOULD OTHERWISE NOT HAVE ACCESS TO CAPITAL. DURING 2017 OAMECC PROVIDED 98 MICRO LOANS. OAMECC ALSO BEGAN THE NEGOTIATIONS TO SECURE AN ADDITIONAL 500,000 IN MICRO LOAN FUNDING TO LEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Wilson Board Member | Trustee | 2 | $0 |
Herb Yamamoto Vice Chair | Trustee | 2 | $0 |
Fred Carter Treasurer/se | OfficerTrustee | 2 | $0 |
Samuel Brooks Board Chair | OfficerTrustee | 10 | $0 |
Rudy Trujillo Board Member | Trustee | 2 | $0 |
Diana Delgado Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,297 |
| Investment income | $237 |
| 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 | $346,184 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $118,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,795 |
| Advertising and promotion | $0 |
| Office expenses | $4,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,961 |
| Travel | $4,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,456 |
| All other expenses | $6,897 |
| Total functional expenses | $367,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,337 |
| Savings and temporary cash investments | $775,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $458,296 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,417,502 |
| Accounts payable and accrued expenses | $0 |
| 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 | $852,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,401 |
| Total liabilities | $898,769 |
| Net assets without donor restrictions | $518,733 |
| 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 |
| Total liabilities and net assets/fund balances | $518,733 |