Micro Enterprise Services Of Oregon

Organization Overview

Micro Enterprise Services Of Oregon is located in Portland, OR. The organization was established in 2007. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 06/2021, Micro Enterprise Services Of Oregon employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Micro Enterprise Services Of Oregon 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 06/2021, Micro Enterprise Services Of Oregon generated $30.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.8% each year . All expenses for the organization totaled $26.0m during the year ending 06/2021. While expenses have increased by 65.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MICRO ENTERPRISE SERVICES OF OREGON SEEKS TO IMPROVE THE ECONOMIC OPPORTUNITIES OF UNDER SERVED INDIVIDUALS THROUGH EMPOWERMENT, EDUCATION AND ENTREPRENEURSHIP FOR THE BENEFIT OF THE GREATER COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ANCHORS - THE MICRO ENTERPRISE SERVICES OF OREGON (MESO) ANCHORS PROGRAM INCLUDES IN-DEPTH, CUSTOMIZED AND EXTENDED SERVICES FOR 3-5 YEARS WITH ONGOING BUSINESS PLANNING, RECORDKEEPING AND ASSISTANCE WITH TAX, LEGAL AND MARKETING SERVICES. THE ANCHORS PROGRAM ASSISTED APPROXIMATELY 954 ENTREPRENEURS TO STABILIZE AND GROW THEIR BUSINESSES IN THE YEAR ENDED JUNE 30, 2020.


LOAN FUND - MESO PROVIDES MICRO LOANS OF UP TO 50,000, LOANS FOR CREDIT BUILDING, GUARANTEED CREDIT LINES IN PARTNERSHIP WITH BANKS, EMERGENCY LOANS, AND COMMERCIAL REAL ESTATE AND EQUIPMENT LOANS UP TO 400,000. MESO IS A DESIGNATED SMALL BUSINESS ADMINISTRATION (SBA) MICRO LENDER AND A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). MESO IS ALSO AN ADMINISTRATOR OF LOAN FUNDS TO ORGANIZATIONS THAT INCLUDE: IMMIGRANT AND REFUGEE COMMUNITY ORGANIZATION, HISPANIC METROPOLITAN CHAMBER, HACIENDA CDC, NEIGHBORHOOD HOUSE, AND PORTLAND STATE UNIVERSITY BUSINESS PROGRAM.


IDA - INDIVIDUAL DEVELOPMENT ACCOUNTS ARE A 3:1 MATCHED SAVINGS PROGRAM OFFERED TO INCOME-QUALIFIED HOUSEHOLDS TO USE FOR BUSINESS-RELATED ASSETS AND ACTIVITIES. FEDERAL ASSETS FOR INDEPENDENCE (AFI) FUNDING SUPPLEMENTS STATE FUNDING FOR THIS PROGRAM. FINANCIAL PLANNING, TRAINING AND BUSINESS EDUCATION ARE PROVIDED TO PROGRAM PARTICIPANTS. MESO PROVIDED 92 BUSINESS IDAS TO INCOME-QUALIFIED INDIVIDUALS DURING THE YEAR ENDED JUNE 30, 2020.


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Board, Officers & Key Employees

Name (title)Compensation
Nita Shah
Executive Di
$179,746
Carmen Madrid
Assistant Ed
$141,366
Linda Tran
Loan Dept Ma
$126,928
Cobi Lewis
Executive Di
$25,884
Faye Burch
Vice Chairma
$0
Mehendra Shah
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $21,388,183
All other contributions, gifts, grants, and similar amounts not included above$8,673,890
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,062,073
Total Program Service Revenue$153,588
Investment income $307,081
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 $30,525,364

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Micro Enterprise Services Of Oregon has recieved totaling $1,953,647.

Awarding OrganizationAmount
Neighborhood Partnerships Inc

Portland, OR

PURPOSE: COMMUNITY DEVELOPMENT

$905,630
Meyer Memorial Trust

Portland, OR

PURPOSE: FOR GENERAL OPERATION SUPPORT OF THIS ORGANIZATION WHICH PROVIDES TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL TO HELP BLACK ENTREPRENEURS START AND GROW SMALL BUSINESSES

$100,000
Meyer Memorial Trust

Portland, OR

PURPOSE: TO SUPPORT STABILITY AND CREATE GROWTH OPPORTUNITIES FOR LOW-INCOME ENTREPRENEURS

$100,000
Meyer Memorial Trust

Portland, OR

PURPOSE: FOR GENERAL OPERATION SUPPORT OF THIS ORGANIZATION WHICH PROVIDES TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL TO HELP BLACK ENTREPRENEURS START AND GROW SMALL BUSINESSES

$100,000
Northwest Area Foundation

St Paul, MN

PURPOSE: CREATE SYSTEM CHANGE AND EMPOWER MINORITY ENTREPRENEURS TO DRIVE ECONOMIC RECOVERY

$100,000
Meyer Memorial Trust

Portland, OR

PURPOSE: TO SUPPORT STABILITY AND CREATE GROWTH OPPORTUNITIES FOR LOW-INCOME ENTREPRENEURS

$100,000
View Grant Recipient Profile

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