Oregon Association Of Minority Entrepreneurs
- Assets
- $279.9k
- Revenue
- $733.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Portland, OR
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 94-3058546
Organization Overview
Oregon Association Of Minority Entrepreneurs is located in Portland, OR. The organization was established in 1991. 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 12/2022, Oregon Association Of Minority Entrepreneurs employed 3 individuals. This organization is a parent organization of 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 12/2022, Oregon Association Of Minority Entrepreneurs generated $733.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $673.3k during the year ending 12/2022. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO PROMOTE AND DEVELOP ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT FOR ETHNIC MINORITIES IN THE STATE OF OREGON AND SOUTHWEST WASHINGTON STATE AND THEREBY REDUCING RACISM AND DISCRIMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAME PROVIDED TECHNICAL ASSISTANCE SUPPORT TO MINORITY, WOMEN AND EMERGING SMALL BUSINESSES FREE OF CHARGE. IN 2022, THERE WERE MORE THAN 300 INDIVIDUAL BUSINESSES THAT OAME PROVIDED TECHNICAL ASSISTANCE TO, REPRESENTING 2,200 HOURS OF SERVICE. IN ADDITION OAME WAS IN CONTACT WITH MORE THAN SMALL BUSINESSES DURING THE YEAR. OAME ENABLED EMERGING BUSINESS TO GROW AND HIRE WHILE CREATING WEALTHTO THOSE NORMALLY UNDER PRIVILEGED. OAME PROVIDES TRAINING FOR STAFF ANDFOR SMALL BUSINESS OWNERS IN BOOKKEEPING, PLANNING,MANAGEMENT, MARKETING,SOFTWARE AND COMMUNICATIONS. OAME CONTINUED TO DISTRIBUTE COVID SAFETY SUPPLIES AND MATERIALS TO MANY OF THE BUSINESS IT SERVES.
YOUTH ENTREPRENEURSHIP PROGRAM ALLOWED SELECTED YOUTHTO GAIN DIRECT RETAIL AND BUSINESS OPERATIONAL EXPERIENCE.IN 2022 OAME HELD AN ENTREPRENEURSHIP ACADEMY WHERE MORE THAN 20 YOUTH PARTICIPATE IN TEAMS TO CREATE A COMPLETE BUSINESS PLAN.THE PLANS ARE THEN REVIEWED BY AN EXPERTPANEL OF JUDGES AND WINNERS ARE AWARDED.
OAME HELD THEIR ANNUAL CONFERENCE AND TRADE SHOW VIRTUALY DUE TO THE PANDEMIC. WHERE 170 PERSONS ATTENDED THE INFORMATIONAL WORKING LUNCH. DURING THE YEAR MORE THAN 145 PERSONS ATTENDED THE VIRTUAL REGULAR COFFEE AND ISSUES, AND VETERANS'FORUMS, WHERE RELEVANT INFORMATION IS EXCHANGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Brooks Board Chair | OfficerTrustee | 20 | $0 |
Fred Carter Treasurer/se | OfficerTrustee | 4 | $0 |
Summer Gorder Board Member | Trustee | 2 | $0 |
Rudy Trujillo Board Member | Trustee | 2 | $0 |
Ed Wilson Board Member | Trustee | 2 | $0 |
Herb Yamamoto Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,987 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,399 |
| Total Program Service Revenue | $526,955 |
| 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 | $733,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $335,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,999 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,827 |
| Travel | $2,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,002 |
| Total functional expenses | $673,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,882 |
| Savings and temporary cash investments | $60,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,895 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,536 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,926 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $279,926 |
| 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 | $279,926 |