Portland Streetcar Inc
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Portland, OR
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 93-1179323
Organization Overview
Portland Streetcar Inc is located in Portland, OR. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Portland Streetcar Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Streetcar 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 06/2022, Portland Streetcar Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE DEPENDENCE ON AUTOMOBILES, TRAFFIC CONGESTION, AND AIR POLLUTION, THROUGH DEVELOPMENT AND OPERATION OF A STREETCAR SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND OPERATION OF A STREETCAR SYSTEM TO LINK BUSINESS, HOUSING, EMPLOYMENT, AND TOURISM DISTRICTS IN THE GREATER PORTLAND METROPOLITAN AREA, SERVING OVER 3.5 MILLION RIDERS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Davis Chair | OfficerTrustee | 1 | $0 |
Chris Smith Vice Chair | OfficerTrustee | 1 | $0 |
Owen Ronchelli Treasurer | OfficerTrustee | 1 | $0 |
Alex Zimmermann Secretary | OfficerTrustee | 1 | $0 |
Todd Adams Board Member | Trustee | 1 | $0 |
Jason Franklin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,448 |
| Total Program Service Revenue | $941,472 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,467,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| 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. | $186,962 |
| Compensation of current officers, directors, key employees. | $9,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,777 |
| Pension plan accruals and contributions | $12,811 |
| Other employee benefits | $56,159 |
| Payroll taxes | $51,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,572 |
| Fees for services: Accounting | $41,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,364 |
| Advertising and promotion | $38,007 |
| Office expenses | $17,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,299 |
| Travel | $4,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,166 |
| Insurance | $12,416 |
| All other expenses | $0 |
| Total functional expenses | $1,248,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $758,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,111 |
| 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 | $52,161 |
| Net Land, buildings, and equipment | $14,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,116,511 |
| Accounts payable and accrued expenses | $208,540 |
| 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 | $44,164 |
| Total liabilities | $252,704 |
| Net assets without donor restrictions | $863,807 |
| 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 | $1,116,511 |