Portland Business Alliance Charitable Institute Inc
- Assets
- $1.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 01/1983
- Data as of
- 06/2021
- EIN
- 93-0819366
Organization Overview
Portland Business Alliance Charitable Institute Inc is located in Portland, OR. The organization was established in 1983. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Business Alliance Charitable Institute Inc 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, Portland Business Alliance Charitable Institute Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 21.0% 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
TO CARRY OUT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL MISSION THE PORTLAND BUSINESS ALLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NIKE SCHOOL INNOVATION FUND WAS ESTABLISHED AS A FIVE-YEAR, $9 MILLION COMMITMENT TO HELP PORTLAND, HILLSBORO AND BEAVERTON PUBLIC SCHOOLS. THE INNOVATION FUND SUPPORTS INNOVATION IN SCHOOLS, TARGETED TOWARD THE DELIVERY OF QUALITY EDUCATION AND LEADERSHIP DEVELOPMENT. PORTLAND, BEAVERTON AND HILLSBORO SCHOOL DISTRICTS EACH RECEIVED GRANTS TO FACILITATE THE EDUCATION OF EARLY LEARNERS, BY CREATING SUMMER PROGRAMS TO ASSIST KINDERGARTENERS GETTING READY FOR FIRST GRADE. PORTLAND PUBLIC SCHOOLS ALSO RECEIVED A GRANT TO FUND A LEADERSHIP ACADEMY FOR TEACHERS AND PRINCIPALS AND TO EXPERIMENT WITH THE USE OF BUSINESS MANAGERS IN ITS HIGH SCHOOLS. IN ALL CASES THE USE OF INNOVATIVE METHODS WAS ENCOURAGED. THE NIKE SCHOOL INNOVATION FUND CONTINUED TO BUILD ON THE EFFORT OF NIKE AND ITS EMPLOYEES WHO ARE ENGAGED AND SUPPORTIVE OF PUBLIC SCHOOLS. THE FUNDS WERE NOT ALL EXPENDED IN 5 YEARS, SO THE PROGRAM WAS EXTENDED TO ALLOW MORE TIME TO EXPEND THE FUNDS. NEXT YEAR IS EXPECTED TO BE THE FINAL YEAR OF THE FUND.
PARTNERS IN DIVERSITY (PID) IS AN ORGANIZATION OPERATING UNDER THE CHARITABLE TRUST OF THE PORTLAND BUSINESS ALLIANCE. WE WORK WITH COMPANIES TO HELP RECRUIT AND RETAIN PROFESSIONALS OF COLOR TO THE PORTLAND REGION. PID ACCOMPLISHES THIS GOAL THROUGH EDUCATIONAL PROGRAMS FOR PRACTITIONERS AND CEOS, JOB POSTINGS AND DISSEMINATION, A RENOWNED AND ROBUST QUARTERLY NETWORKING EVENT, AND PROMOTIONAL TOURS TO HELP PROFESSIONALS BECOME AWARE OF ALL THAT PORTLAND HAS TO OFFER.
CARES ACT GRANTS: EAST MULTNOMAH COUNTY, SMALL BUSINESS GRANTS - AT THE REQUEST OF MULTNOMAH COUNTY, THE PORTLAND BUSINESS ALLIANCE CHARITABLE INSTITUTE IS SETTING UP AN EAST MULTNOMAH COUNTY SMALL BUSINESS RELIEF FUND TO DISTRIBUTE APPROXIMATELY $1,000,000 OF CARES ACT GRANTS TO THE MOST-IMPACTED SMALL BUSINESSES IN EAST MULTNOMAH COUNTY. BUSINESSES WILL BE ELIGIBLE FOR GRANTS UP TO $2500 PER BUSINESS. QUALIFYING BUSINESSES MUST BE LOCATED IN THE CITIES OF FAIRVIEW, GRESHAM, TROUTDALE AND WOOD VILLAGE, AS WELL AS IN SURROUNDING AREAS OF UNINCORPORATED EAST MULTNOMAH COUNTY.
STUDIES (VALUE OF JOBS) AND OTHER PROGRAMS: THE INSTITUTE PARTNERS WITH VARIOUS ORGANIZATIONS INCLUDING STATEWIDE BUSINESS ASSOCIATIONS TO CONDUCT ECONOMIC STUDIES, RAISE AWARENESS AND EDUCATE THE REGION ABOUT THE VALUE OF JOBS TO THE OVERALL HEALTH OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Sturgeon Chair | OfficerTrustee | 0.1 | $0 |
Andrew Hoan Secretary & CEO | OfficerTrustee | 2 | $0 |
Mike Golub Vice Chair | OfficerTrustee | 0.1 | $0 |
Julia Brim-Edwards Board Member | Trustee | 0.1 | $0 |
Troy Dickson Board Member | Trustee | 0.1 | $0 |
Donald Krahmer Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,000 |
| Government grants | $1,166,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $711,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,888,128 |
| Total Program Service Revenue | $385,811 |
| 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 | $2,273,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,046,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,931 |
| Pension plan accruals and contributions | $13,963 |
| Other employee benefits | $33,787 |
| Payroll taxes | $35,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,914 |
| Advertising and promotion | $0 |
| Office expenses | $2,241 |
| Information technology | $8,792 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,853 |
| Insurance | $0 |
| All other expenses | $6,819 |
| Total functional expenses | $1,809,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $191,657 |
| Accounts receivable, net | $0 |
| 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 | $850 |
| Net Land, buildings, and equipment | $4,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,262,453 |
| Accounts payable and accrued expenses | $236,890 |
| 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 | $236,890 |
| Net assets without donor restrictions | $4,669 |
| Net assets with donor restrictions | $1,020,894 |
| 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 | $1,262,453 |
Grants Awarded
Over the last fiscal year, Portland Business Alliance Charitable Institute Inc has awarded $119,262 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BEAVERTON SCHOOL DISTRICT PURPOSE: NSIF GRANT | $73,667 |
HILLSBORO SCHOOL DISTRICT PURPOSE: NSIF GRANT | $19,995 |
Portland, OR PURPOSE: SMALL BUSINESS MANAGEMENT SCHOLARSHIPS | $15,600 |
Portland, OR PURPOSE: CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Portland Business Alliance Charitable Institute Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,500 |
Harry A Merlo Foundation Inc Hillsboro, OR PURPOSE: DOWNTOWN CLEAN-UP | $5,000 |
Harry A Merlo Foundation Inc Hillsboro, OR PURPOSE: DOWNTOWN CLEAN-UP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Tisbest Philanthropy Seattle, WA | $1,169,318 | $11,028,187 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |