Oregon Entrepreneurs Forum
- Assets
- $843.6k
- Revenue
- $481.1k
- Investments
- $362.6k
- Employees
- 3
- Location
- Portland, OR
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 93-1058377
Organization Overview
Oregon Entrepreneurs Forum, operating under the name Oregon Entrepreneurs Network, is located in Portland, OR. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Oregon Entrepreneurs Network employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Entrepreneurs Network 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 12/2023, Oregon Entrepreneurs Network generated $481.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $535.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. 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
OEN CONNECTS PLAYERS ACROSS OREGON'S INNOVATION COMMUNITY TO HELP LOCAL ENTREPRENEURS SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OEN HOSTED THE OREGON ENTREPRENEURSHIP AWARDS AS A THEATRICAL EVENT WITH OVER 380 ATTENDEES WHO GATHERED TO CELEBRATE 200+ NOMINEES, 18 FINALISTS AND 6 WINNERS IN SEVERAL AREAS OF ENTREPRENEURIAL SUCCESS.
OEN AGAIN EXECUTED OREGON ANGEL FOOD, PROVIDING INVESTMENT READINESS EDUCATION AND INTRODUCTIONS TO INVESTORS. 40 ENTREPRENEURS ATTENDED AN 8-WEEK INVESTMENT READINESS CLASS AND WILL BE ELIGIBLE TO APPLY FOR THE OREGON ANGEL FOOD FUND IN 2024. OEN HOSTED 10 PUBTALKS IN PERSON DURING 2023. OVER 700 ATTENDEES RECEIVED AN OPPORTUNITY TO NETWORK. ADDITIONALLY, OEN HOSTED 3 ENTREPRENEUR MIXERS FOR STARTUP FOUNDERS ONLY TO NETWORK AND CONNECT. OVER 100 ENTREPRENEURS CONNECTED THROUGH THAT PROGRAM.
OEN EXECUTED ANGEL OREGON BIO IN PARTNERSHIP WITH OHSU, OBI/OTRADI, ONAMI AND THE OREGON BIOSCIENCE ASSOCIATION TO SUPPORT OREGON AND SWW-BASED LIFE AND BIOSCIENCE STARTUPS. THE PRORAM OFFERED INVESTMENT READINESS EDUCATION TO 15 LOCAL LIFE AND BIOSCIENCE FOUNDERS, ANGEL INVESTING EDUCATION TO APPROXIMATELY 20 ANGEL INVESTORS, AND HELPED RAISE AN EQUITY INVESTMENT OF $185,000 AWARDED TO ONE STARTUP, PROMEDIX. ADDITIONAL INVESTMENTS WERE ANNOUNCED AT THE FINALE AND 4 STARTUPS RECEIVED APPROXIMATLY $600,000 IN ANGEL INVESTMENTS.
OEN REINTRODUCED ANGEL OREGON TECH IN 2022. OVER 25 COMPANIES ATTENDED A 4-WEEK INVESTMENT READINESS EDUCATION SERIES, 14 STARTUPS PITCHED TO A LIVE AUDIENCE AND 4 WERE ULTIMATELY FINALISTS FOR THE AOTECH INVESTMENT FUND. A $170,000 ANGEL INVESTMENT WAS MADE IN REMOTELY STUDIOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cara Turano President & Executive Director | OfficerTrustee | 55 | $138,407 |
Mary Hull Chair | OfficerTrustee | 1 | $0 |
John Williams Vice Chair | OfficerTrustee | 4 | $0 |
Beth Nguyen Finance/treasurer | OfficerTrustee | 2 | $0 |
Claire Brown Secretary | OfficerTrustee | 2 | $0 |
Dave Hansen Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,486 |
| Total Program Service Revenue | $60,172 |
| Investment income | $10,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $138,407 |
| Compensation of current officers, directors, key employees. | $46,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,593 |
| Pension plan accruals and contributions | $9,625 |
| Other employee benefits | $7,840 |
| Payroll taxes | $25,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,590 |
| Fees for services: Other | $18,977 |
| Advertising and promotion | $1,512 |
| Office expenses | $12,957 |
| Information technology | $14,415 |
| Royalties | $0 |
| Occupancy | $14,219 |
| Travel | $65,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,980 |
| All other expenses | $2,044 |
| Total functional expenses | $535,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,225 |
| Savings and temporary cash investments | $344,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,850 |
| 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 | $8,888 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $362,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,166 |
| Total assets | $843,556 |
| Accounts payable and accrued expenses | $6,001 |
| Grants payable | $0 |
| Deferred revenue | $41,100 |
| 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 | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $197,001 |
| Net assets without donor restrictions | $536,349 |
| Net assets with donor restrictions | $110,206 |
| 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 | $843,556 |