Micro Enterprise Services Of Oregon
- Assets
- $15.8m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Portland, OR
- Founding
- 07/2007
- Data as of
- 06/2021
- EIN
- 20-4379510
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Nita Shah Executive Di | Officer | 40 | $179,746 |
Carmen Madrid Assistant Ed | 40 | $141,366 | |
Linda Tran Loan Dept Ma | 40 | $126,928 | |
Cobi Lewis Executive Di | Officer | 40 | $25,884 |
Mehendra Shah Treasurer | OfficerTrustee | 1 | $0 |
Faye Burch Vice Chairma | OfficerTrustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,447,877 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,630 |
| Compensation of current officers, directors, key employees. | $37,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,108,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $419,919 |
| Payroll taxes | $180,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $327,251 |
| Advertising and promotion | $0 |
| Office expenses | $99,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,151 |
| Travel | $4,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,684 |
| Insurance | $15,389 |
| All other expenses | $0 |
| Total functional expenses | $26,007,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,867,343 |
| Savings and temporary cash investments | $3,030,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,404,921 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,166 |
| Net Land, buildings, and equipment | $998,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,766,775 |
| Accounts payable and accrued expenses | $1,410,929 |
| Grants payable | $0 |
| Deferred revenue | $94,604 |
| 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 | $3,513,087 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,396 |
| Total liabilities | $5,168,016 |
| Net assets without donor restrictions | $6,560,355 |
| Net assets with donor restrictions | $4,038,404 |
| 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 | $15,766,775 |
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 Organization | Amount |
|---|---|
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: 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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micro Enterprise Services Of Oregon Portland, OR | $15,766,775 | $30,525,364 |
Building Skills Partnership Los Angeles, CA | $7,529,285 | $6,127,811 |
Marine Exchange Of Los Angeles- Long Beach Harbor Inc San Pedro, CA | $4,737,680 | $3,654,522 |
Climb Hire Inc San Jose, CA | $8,148,253 | $7,989,034 |
Southern Nevada Laborers Local 872 Training Trust Las Vegas, NV | $9,210,264 | $3,970,208 |
Nevada Mining Association Inc Reno, NV | $1,620,890 | $2,924,336 |
Merchants Exchange Portland, OR | $1,706,464 | $2,309,174 |
Office Of Port Job Opportunities And Business Support Seattle, WA | $1,828,690 | $2,017,753 |
Escrow Agents Fidelity Corporation Of California Los Angeles, CA | $7,303,662 | $1,393,505 |
California Committee To Save Our Jobs Inc El Dorado Hills, CA | $392,446 | $1,031,435 |
Hourglass Project San Luis Obispo, CA | $839,371 | $1,423,022 |
Modi Nochi Beverly Hills, CA | $821,297 | $1,400,075 |