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Nonprofiteer
← PORTLAND REGIONAL EDUCATIONAL TELECOMMUNICATIONS CORPORATION

Form 990 for tax year 2024

Filed by PORTLAND REGIONAL EDUCATIONAL TELECOMMUNICATIONS CORPORATION.

Totals

Total revenue
$778,162
Total expenses
$803,134
Contributions and grants received
$0
Grants paid
$524,000
Program service revenue
$0
Investment income
$176,827
Other revenue
$601,335
Total assets, end of year
$7,849,666
Total liabilities, end of year
$103,031
Net assets or fund balances, end of year
$7,746,635
Program services expenses (Part IX)
$733,351
Management and general expenses
$69,783
Fundraising expenses
$0
Program service expenses (Part III)
$733,351

Program services were 91.3% 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.

  • 3 · Investment income

    total $221,647 · excluded $221,647

  • 5 · Royalties

    total $601,335 · excluded $601,335

  • 7a · Gross sales of assets other than inventory

    securities $1,539,999

  • 7b · Less cost or other basis and sales expenses

    securities $1,584,819

  • 7c · Gain or loss

    securities -$44,820

  • 7d · Net gain or loss

    total -$44,820 · excluded -$44,820

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $524,000 · program services $524,000

  • 5 · Compensation of officers, directors and key employees

    total $100,288 · program services $75,216 · management and general $25,072

  • 8 · Pension plan contributions

    total $7,141 · program services $5,356 · management and general $1,785

  • 10 · Payroll taxes

    total $10,480 · program services $7,860 · management and general $2,620

  • 11b · Fees: legal

    total $34,739 · program services $26,054 · management and general $8,685

  • 11c · Fees: accounting

    total $7,200 · program services $5,400 · management and general $1,800

  • 11f · Fees: investment management

    total $30,144 · program services $22,608 · management and general $7,536

  • 11g · Fees: other

    total $26,455 · program services $19,841 · management and general $6,614

  • 13 · Office expenses

    total $491 · program services $368 · management and general $123

  • 14 · Information technology

    total $4,732 · program services $3,549 · management and general $1,183

  • 16 · Occupancy

    total $5,369 · program services $4,027 · management and general $1,342

  • 17 · Travel

    total $2,621 · program services $1,966 · management and general $655

  • 19 · Conferences, conventions and meetings

    total $309 · program services $232 · management and general $77

  • 23 · Insurance

    total $2,521 · program services $1,891 · management and general $630

  • 24a · Other expenses: TAXES UNRELATED TO PAYR

    total $45,129 · program services $33,847 · management and general $11,282

  • 24b · Other expenses: OTHER EXPENSES

    total $1,515 · program services $1,136 · management and general $379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $316,662 · end of year $183,020

  • 2 · Savings and temporary cash investments

    beginning of year $149,514 · end of year $158,297

  • 11 · Investments: publicly traded securities

    beginning of year $6,374,983 · end of year $6,657,293

  • 12 · Investments: other securities

    beginning of year $440,494 · end of year $449,669

  • 13 · Investments: program-related

    beginning of year $390,409 · end of year $401,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,559 · end of year $52,920

  • 19 · Deferred revenue

    beginning of year $50,111 · end of year $50,111

  • 27 · Net assets without donor restrictions

    beginning of year $7,600,392 · end of year $7,746,635

Mission and programs · 2024

Mission

PORTLAND REGIONAL EDUCATIONAL TELECOMMUNICATIONS CORPORATION OPERATES FOR "CHARITABLE, SCIENTIFIC AND EDUCATION AND "SOCIAL WELFARE" PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)3 AND 501(C)4, RESPECTIVELY, OF THE INTERNAL REVENUE CODE. THE NONPROFIT UNDERTAKES ACTIVITIES TO TRANSMIT EDUCATIONAL MATERIAL USING FREQUENCIES REGULATED BY THE FEDERAL COMMUNICATIONS COMMISSION AND FOCUSES ON PHILANTHROPIC INITIATIVES THAT BRIDGE THE DIGITAL ACCESS DIVIDE AND IMPROVE THE WELL BEING OF COMMUNITIES ACROSS OREGON.

Activities or mission (Part I)

PORTLAND REGIONAL EDUCATIONAL TELECOMMUNICATIONS CORPORATION OPERATES FOR "CHARITABLE, SCIENTIFIC AND EDUCATION AND "SOCIAL WELFARE" PURPOSES.

  • PORTLAND REGIONAL EDUCATIONAL TELECOMMUNICATIONS CORPORATION PLACED WIRELESS BROADBAND ACCOUNTS WITH ELIGIBLE NON PROFIT ENTITIES ACROSS OREGON AND MAINTAINED A GRANTING PROGRAM THAT CONTRIBUTED $524,000 TO 19 GRANTEE ORGANIZATIONS.

    Expenses $733,351 · Grants $524,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Schwartz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thom Hartmann

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thomas Neuburger

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kari Chisholm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Smith

    EXECUTIVE DIR

    Total calculated
    $82,971
    From this org
    $76,058
    From related orgs
    $0
    Other
    $6,913
    Hours/week
    40

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
2024
Filed
13 February 2026
IRS schema version
2024v5.5
Source object
202630449349301978

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

The source document this was parsed from is served over the API, which is where bulk and document access live.