Oregon Technology Business Center
- Assets
- $336.4k
- Revenue
- $324.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Beaverton, OR
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 93-1241304
Organization Overview
Oregon Technology Business Center is located in Beaverton, OR. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Oregon Technology Business Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Technology Business Center 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 12/2021, Oregon Technology Business Center generated $324.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $336.8k during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE ECONOMIC DEVELOPMENT IN THE CITY OF BEAVERTON AND THROUGHOUT THE STATE OF OREGON BY PROVIDING BOTH IN-PERSON AND VIDEO-DELIVERED MENTORING WORKSHOPS, NETWORKING, INTRODUCTION, AND INVESTMENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MENTORING AND WORKSHOPS - PROVIDED ENTREPRENEURSHIP SEMINARS AND PROGRAMS TO START-UPS TO HELP THEM IDENTIFY AND ATTAIN THEIR GOALS THROUGH FUNDING, MARKETING, AND DEVELOPING STRATEGIES BY HAVING ACCESS TO OTBC'S COACHING STAFF.
BEAVERTON CHALLENGE - PROVIDED INVESTMENT, MENTORING, AND OFFICE SPACE TO START-UP COMPANIES TO HELP THEM BUILD AND EXPAND THEIR BUSINESS.
VIRTUAL INCUBATION PROGRAM - PROVIDED ONLINE EDUCATION PROGRAMS TO ENTREPRENEURS TO HELP THEM GET INVESTOR-READY SO THEY ARE PREPARED TO RAISE FUNDS TO GROW THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mccreight Executive Di | Officer | 40 | $87,500 |
Steve Morris Executive Di | Officer | 30 | $85,000 |
Ernie Bootsma Board Chair | OfficerTrustee | 1 | $0 |
Bill Berg Vice Chair | OfficerTrustee | 1 | $0 |
Dinah Adkins Secretary | OfficerTrustee | 1 | $0 |
Marc San Soucie Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $236,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,998 |
| Total Program Service Revenue | $31,709 |
| Investment income | $8 |
| 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 | $324,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $172,500 |
| Compensation of current officers, directors, key employees. | $17,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95 |
| Fees for services: Accounting | $2,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,700 |
| Advertising and promotion | $2,615 |
| Office expenses | $14,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,667 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,234 |
| All other expenses | $38 |
| Total functional expenses | $336,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,083 |
| Savings and temporary cash investments | $102,816 |
| Pledges and grants receivable | $0 |
| 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 | $4,406 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $221,132 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,437 |
| Accounts payable and accrued expenses | $608 |
| 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 | $1,102 |
| Total liabilities | $1,710 |
| Net assets without donor restrictions | $334,727 |
| 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 | $336,437 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oregon Technology Business Center has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Ford Family Foundation Roseburg, OR PURPOSE: RURAL OREGON STARTUP CHALLENGE | $20,000 |
Oregon Community Foundation Portland, OR PURPOSE: Economic Development | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Neighborhood House Assn San Diego, CA | $20,146,968 | $97,699,697 |
Pioneer Human Services Seattle, WA | $87,958,344 | $86,152,025 |
Sbcs Corporation Chula Vista, CA | $44,117,675 | $87,559,700 |
Hopelink Redmond, WA | $65,683,064 | $83,592,432 |
Bay Area Community Services Inc Oakland, CA | $30,842,402 | $71,014,541 |
United Movement Inc Las Vegas, NV | $7,228,928 | $63,347,968 |
Nevada H A N D Inc Las Vegas, NV | $197,568,857 | $83,930,370 |
Lift To Rise Palm Desert, CA | $10,036,798 | $56,799,508 |
Opportunity Council Bellingham, WA | $28,866,104 | $56,313,907 |
Catholic Charities Of Santa Clara County San Jose, CA | $37,221,303 | $52,659,902 |
Farmlink Project Pacific Palisades, CA | $3,073,736 | $51,204,063 |
Catholic Charities Of Los Angeles Los Angeles, CA | $401,651,832 | $56,844,483 |