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Nonprofiteer
← VENTURE PORTLAND

Form 990 for tax year 2023

Filed by VENTURE PORTLAND.

Totals

Total revenue
$1,336,406
Total expenses
$1,269,456
Contributions and grants received
$0
Grants paid
$415,800
Program service revenue
$1,334,741
Investment income
$1,665
Other revenue
$0
Total assets, end of year
$962,117
Total liabilities, end of year
$146,478
Net assets or fund balances, end of year
$815,639
Program services expenses (Part IX)
$1,100,702
Management and general expenses
$168,754
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,290,794 · related or exempt $1,290,794

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $23,017 · related or exempt $23,017

  • 2c · Program service revenue: PROGRAM SERVICES

    total $20,930 · related or exempt $20,930

  • 3 · Investment income

    total $1,665 · excluded $1,665

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $415,800 · program services $415,800

  • 5 · Compensation of officers, directors and key employees

    total $131,050 · program services $104,840 · management and general $26,210

  • 7 · Other salaries and wages

    total $508,725 · program services $406,980 · management and general $101,745

  • 9 · Other employee benefits

    total $55,742 · program services $44,594 · management and general $11,148

  • 10 · Payroll taxes

    total $48,536 · program services $38,829 · management and general $9,707

  • 11g · Fees: other

    total $24,860 · program services $19,888 · management and general $4,972

  • 12 · Advertising and promotion

    total $3,383 · program services $3,383

  • 13 · Office expenses

    total $25,500 · program services $20,401 · management and general $5,099

  • 16 · Occupancy

    total $35,755 · program services $28,604 · management and general $7,151

  • 17 · Travel

    total $7,269 · program services $5,815 · management and general $1,454

  • 22 · Depreciation, depletion and amortization

    total $1,393 · program services $1,114 · management and general $279

  • 23 · Insurance

    total $4,945 · program services $3,956 · management and general $989

  • 24a · Other expenses: EVENTS AND MEETING

    total $6,498 · program services $6,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $892,176 · end of year $563,085

  • 4 · Accounts receivable

    beginning of year $55,666 · end of year $332,047

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,065 · end of year $4,311

  • 10a · Land, buildings and equipment: cost or other basis

    $67,509

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,261

  • 10c · Land, buildings and equipment, net

    beginning of year $1,624 · end of year $1,248

  • 15 · Other assets

    beginning of year $142,243 · end of year $61,426

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,730 · end of year $18,275

  • 18 · Grants payable

    beginning of year $159,620 · end of year $66,530

  • 25 · Other liabilities

    beginning of year $142,735 · end of year $61,673

  • 27 · Net assets without donor restrictions

    beginning of year $748,689 · end of year $815,639

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • AS OF 2024, VENTURE PORTLAND CELEBRATED 38 YEARS OF SUPPORTING SMALL BUSINESS THROUGH PORTLAND'S 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 2023-24, WE PROVIDED 3,800 HOURS OF TECHNICAL ASSISTANCE TO BUSINESS DISTRICT ASSOCIATIONS. OUR MEMBERS DONATED 3,600 HOURS OF VOLUNTEER TIME TO SUPPORT OUR GOALS AND STRENGTHEN OUR BUSINESS COMMUNITY. OUR MARKETING AND PROMOTION OF BUSINESS DISTRICTS CONTINUES WITH OUR TWICE-A-WEEK NEWSLETTERS, INSTAGRAM ACCOUNT, AND A BRAND NEW WEBSITE THAT WAS LAUNCHED IN AUGUST 2024. FOR THE SECOND TIME, 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 CII GRANT CYCLES, ALLOWED US TO GIFT 309,000 IN GRANT FUNDING WITHIN THE SPAN OF TWELVE MONTHS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Joy Church

    EXECUTIVE DI

    Total calculated
    $139,318
    From this org
    $131,050
    From related orgs
    $0
    Other
    $8,268
    Hours/week
    40

  • Michael Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danielle Deschenes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ben Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eleni Gerding

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Carolyne Holcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Larpenteur

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Greg Madden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nicole Tignor

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Carol Trioche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amanda Triskele

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
26 April 2025
IRS schema version
2023v6.0
Source object
202511339349308726

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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