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Nonprofiteer
← VENTURE PORTLAND

Form 990 for tax year 2022

Filed by VENTURE PORTLAND.

Totals

Total revenue
$1,324,055
Total expenses
$995,092
Contributions and grants received
$2,769
Grants paid
$95,926
Program service revenue
$1,320,929
Investment income
$357
Other revenue
$0
Total assets, end of year
$1,095,774
Total liabilities, end of year
$347,085
Net assets or fund balances, end of year
$748,689
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,769

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,227,378 · related or exempt $1,227,378

  • 2b · Program service revenue: PROGRAM SERVICES

    total $75,351 · related or exempt $75,351

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $18,200 · related or exempt $18,200

  • 3 · Investment income

    total $357 · excluded $357

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $95,926

  • 5 · Compensation of officers, directors and key employees

    total $117,448

  • 7 · Other salaries and wages

    total $507,270

  • 9 · Other employee benefits

    total $60,905

  • 10 · Payroll taxes

    total $59,249

  • 11g · Fees: other

    total $48,620

  • 12 · Advertising and promotion

    total $2,609

  • 13 · Office expenses

    total $30,858

  • 16 · Occupancy

    total $33,802

  • 17 · Travel

    total $9,655

  • 22 · Depreciation, depletion and amortization

    total $1,627

  • 23 · Insurance

    total $4,227

  • 24a · Other expenses: EVENTS AND MEETING

    total $22,871

  • 24b · Other expenses: CAPACITY BUILDING

    total $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $272,396 · end of year $892,176

  • 4 · Accounts receivable

    beginning of year $159,778 · end of year $55,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,447 · end of year $4,065

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

    $66,492

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

    $64,868

  • 10c · Land, buildings and equipment, net

    beginning of year $3,251 · end of year $1,624

  • 15 · Other assets

    end of year $142,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,146 · end of year $44,730

  • 18 · Grants payable

    end of year $159,620

  • 25 · Other liabilities

    end of year $142,735

  • 27 · Net assets without donor restrictions

    beginning of year $419,726 · end of year $748,689

Mission and programs · 2022

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 2023, VENTURE PORTLAND CELEBRATED 37 YEARS OF SUPPORTING SMALL BUSINESS THROUGH PORTLANDS 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 2022-23, WE PROVIDED 3,000 HOURS OF TECHNICAL ASSISTANCE TO BUSINESS DISTRICT ASSOCIATIONS. OUR MEMBERS DONATED 5,000 HOURS OF VOLUNTEER TIME TO SUPPORT OUR GOALS AND STRENGTHEN OUR BUSINESS COMMUNITY. WE STREAMLINED OUR EVENTS HUB WITH A FOCUS ON MARKETING AND PROMOTIONS AS KEY COMPONENTS OF THE EVENTS WORK. FOR THE FIRST TIME IN OUR HISTORY, IN THE SUMMER OF 2023, 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 FALL GRANT CYCLES, ALLOWED US TO GIFT 350,000 IN GRANT FUNDING WITHIN THE SPAN OF TWELVE MONTHS.

As filed on the 2022 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
    $124,573
    From this org
    $117,448
    From related orgs
    $0
    Other
    $7,125
    Hours/week
    40

  • Bridgid Blackburn

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Michael Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danielle Deschenes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eleni Gerding

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Monika Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nidal Kahl

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Eric Larpenteur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christine Longmuir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greg Madden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Saundra Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nicole Tignor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Amanda Triskele

    DIRECTOR

    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
2022
Filed
8 April 2024
IRS schema version
2022v5.0
Source object
202421149349302302

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.