Professional Business Development Group
- Assets
- $525.8k
- Revenue
- $307.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, OR
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-2013279
Organization Overview
Professional Business Development Group is located in Portland, OR. The organization was established in 2016. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Business Development Group is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Professional Business Development Group generated $307.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 51.1% each year . All expenses for the organization totaled $187.9k during the year ending 12/2023. While expenses have increased by 48.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PBDG IS A MEMBERSHIP-BASED ADVOCACY AND NETWORKING PLATFORM THAT HAS OVERSEEN DISPARITY STUDIES, EQUAL OPPORTUNITY LEGISLATION AND ACCESS TO CAPITAL FOR THE CONSTRUCTION TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO BUSINESSES TO REPLACE VEHICLES AND EQUIPMENT IN THEIR EXISTING FLEETS WITH MORE FUEL EFFICIENT VEHICLES AND EQUIPMENT.
PROFESSIONAL BUSINESS DEVELOPMENT GROUP PROVIDES OUTREACH AND NETWORKING OPPORTUNITIES FOR ITS MEMBERS THROUGH A BI-MONTHLY MEETING THAT IS ATTENDED BY 25-35 MEMBERS, PARTNERS, GENERAL CONTRACTORS, AND PUBLIC AGENCIES TO DISCUSS CURRENT JOBS AVAILABLE FOR BID AND OTHER BUSINESS OPPORTUNITIES FOR DMWESB IN THE STATE OF OREGON. MEETINGS PROVIDE A FORUM FOR NETWORKING. A MONTHLY NEWSLETTER IS SENT VIA EMAIL TO APPROXIMATELY 90 MEMBERS, PARTNERS, AND GOVERNMENT AGENCIES HIGHLIGHTING DMWESB CONTRACTORS AND COMMUNICATING UPCOMING OPPORTUNITIES TO BID, AND A QUARTERLY ADIVISORY BOARD MEETING IS CONDUCTED TO SUPPORT MEMBERS THROUGH DISCUSSION ON TOPICS SUCH AS POLICIES, PROCEDURES, AND GOVERNMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J M Matt Hennessee Executive Dir. | Officer | 8 | $18,830 |
Faye Burch Secretary | Trustee | 4 | $4,976 |
Viqui Guevara Treasurer | Trustee | 1 | $0 |
Maurice Rahming Chairman | Trustee | 1 | $0 |
James Faison Director | Trustee | 1 | $0 |
Nathaniel Hartley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,154 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $307,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $123,288 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,806 |
| Compensation of current officers, directors, key employees. | $21,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,692 |
| Advertising and promotion | $1,845 |
| Office expenses | $2,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $480 |
| Travel | $224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,224 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,736 |
| Insurance | $155 |
| All other expenses | $50 |
| Total functional expenses | $187,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $142 |
| Net Land, buildings, and equipment | $7,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,837 |
| Accounts payable and accrued expenses | $314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $314 |
| Net assets without donor restrictions | $525,523 |
| Net assets with donor restrictions | $0 |
| 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 | $525,837 |
Grants Awarded
Over the last fiscal year, Professional Business Development Group has awarded $123,288 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMO PAVING PURPOSE: Grants to replace Diesel Equipment | $71,913 |
NORTHWEST INFRASTRUCTURE LLC PURPOSE: Grants to replace Diesel Equipment | $51,375 |