Civic Intelligence

Venture Portland

EIN 93-1111942 • 501(c)6 • Portland, OR

Profile

Venture portland means business. The organization invests in the smart, strategic growth of portland's 50 unique neighborhood business districts through grants, training, and promotion. Together, neighborhood business districts contain 19,200 businesses and provide 270,000 jobs, playing a vital role in portland's economy. Venture portland builds the capacity of and connections between these districts that collectively meet local, regional, national and international demand for goods and services.

1125 SE Madison StPortland, OR 97214

www.ventureportland.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.32x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.26x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

88th percentile

25%

Higher net margin than 88% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

149%

Faster asset growth than 99% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

44%

Faster revenue growth than 91% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$962,117

Down $133,657 (-12%) from 2023

Liabilities

Down

$146,478

Down $200,607 (-58%) from 2023

Net Assets

Up

$815,639

Up $66,950 (+8.9%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin88th percentile

Revenue

Up

$1,336,406

Up $12,351 (+0.9%) from 2023

Expenses

Up

$1,269,456

Up $274,364 (+28%) from 2023

Net Income

Down

$66,950

Down $262,013 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $192,158Liabilities 2011: $7,641Net Assets 2011: $184,5172011Assets 2012: $166,679Liabilities 2012: $3,512Net Assets 2012: $163,1672012Assets 2013: $174,168Liabilities 2013: $2,020Net Assets 2013: $172,1482013Assets 2014: $197,210Liabilities 2014: $22,482Net Assets 2014: $174,7282014Assets 2015: $213,964Liabilities 2015: $71,222Net Assets 2015: $142,7422015Assets 2016: $133,845Liabilities 2016: $4,759Net Assets 2016: $129,0862016Assets 2017: $156,048Liabilities 2017: $17,139Net Assets 2017: $138,9092017Assets 2018: $185,538Liabilities 2018: $51,498Net Assets 2018: $134,0402018Assets 2019: $233,044Liabilities 2019: $66,568Net Assets 2019: $166,4762019Assets 2020: $192,054Liabilities 2020: $37,315Net Assets 2020: $154,7392020Assets 2021: $351,772Liabilities 2021: $88,984Net Assets 2021: $262,7882021Assets 2022: $439,872Liabilities 2022: $20,146Net Assets 2022: $419,7262022Assets 2023: $1,095,774Liabilities 2023: $347,085Net Assets 2023: $748,6892023Assets 2024: $962,117Liabilities 2024: $146,478Net Assets 2024: $815,6392024

Highlighted filing

2024

Assets$962,117
Liabilities$146,478
Net Assets$815,639
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $377,1362011Revenue 2012: $297,395Expenses 2012: $318,745Net Income 2012: -$21,3502012Expenses 2013: $320,2122013Revenue 2014: $366,834Expenses 2014: $364,254Net Income 2014: $2,5802014Revenue 2015: $361,675Expenses 2015: $393,661Net Income 2015: -$31,9862015Revenue 2016: $441,646Expenses 2016: $455,302Net Income 2016: -$13,6562016Revenue 2017: $556,652Expenses 2017: $546,829Net Income 2017: $9,8232017Revenue 2018: $575,296Expenses 2018: $580,165Net Income 2018: -$4,8692018Revenue 2019: $677,403Expenses 2019: $644,967Net Income 2019: $32,4362019Revenue 2020: $661,166Expenses 2020: $672,903Net Income 2020: -$11,7372020Revenue 2021: $591,762Expenses 2021: $483,713Net Income 2021: $108,0492021Revenue 2022: $916,928Expenses 2022: $759,990Net Income 2022: $156,9382022Revenue 2023: $1,324,055Expenses 2023: $995,092Net Income 2023: $328,9632023Revenue 2024: $1,336,406Expenses 2024: $1,269,456Net Income 2024: $66,9502024

Highlighted filing

2024

Revenue$1,336,406
Expenses$1,269,456
Net Income$66,950
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$962,117
Liabilities
$146,478
Net assets
$815,639
Revenue
$1,336,406
Expenses
$1,269,456
Net income
$66,950
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.15$0.82$1.34$1.27$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.35$0.75$1.32$1.00$0.33
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.02$0.42$0.92$0.76$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.09$0.26$0.59$0.48$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.04$0.15$0.66$0.67$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.07$0.17$0.68$0.64$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.05$0.13$0.58$0.58$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.56$0.55$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.44$0.46$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.07$0.14$0.36$0.39$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.02$0.17$0.37$0.36$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.32
2012Summary only. Only limited summary data is available for this year.$0.17$0.00$0.16$0.30$0.32$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.01$0.18$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 26, 2025
Return Version
2023v6.0
Gross Receipts
$1,336,406
Mission and Program Overview

Mission

Venture Portland means business. The organization invests in the smart, strategic growth of Portlands 50 unique neighborhood business districts through grants, training and promotion. Together, neighborhood business districts contain 19,200 businesses and provide 267,000 jobs, playing a vital role in Portlands economy. Venture Portland builds the capacity of and connections between these districts. The organizations board leadership comes from the diverse business districts that collectively meet local, regional, national and international demand for goods and services.

Venture portland means business. The organization invests in the smart, strategic growth of portland's 50 unique neighborhood business districts through grants, training, and promotion. Together, neighborhood business districts contain 19,200 businesses and provide 270,000 jobs, playing a vital role in portland's economy. Venture portland builds the capacity of and connections between these districts that collectively meet local, regional, national and international demand for goods and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$892,176$563,085▼ $329,091
Accounts Receivable$55,666$332,047▲ $276,381
Prepaid Expenses and Deferred Charges$4,065$4,311▲ $246
Land, Buildings, and Equipment, Net$1,624$1,248▼ $376
Total Assets$1,095,774$962,117▼ $133,657
Other Assets Total$142,243$61,426▼ $80,817
Liabilities
Grants Payable$159,620$66,530▼ $93,090
Other Liabilities$142,735$61,673▼ $81,062
Accounts Payable and Accrued Expenses$44,730$18,275▼ $26,455
Total Liabilities$347,085$146,478▼ $200,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$748,689$815,639▲ $66,950
Total Net Assets Fund Balance$748,689$815,639▲ $66,950
Total Liabilities and Net Assets / Fund Balance$1,095,774$962,117▼ $133,657

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,248$55,963$57,211
Leasehold Improvements-$10,298$10,298
Other Assets Org$61,426--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joy ChurchExecutive DiFT$131,050$8,268$139,318

Board Members and Trustees

NameTitle
Eleni GerdingPresident
Ben FisherDirector
Carol TriocheDirector
Carolyne HolcombDirector
Danielle DeschenesDirector
Greg MaddenDirector
Michael ChaseDirector
Amanda TriskeleSecretary
Nicole TignorTreasurer
Eric LarpenteurVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,334,741
Investment Income
$1,665
Other Revenue
$0
Change in Net Assets
$66,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,336,406
Total Revenue per Audited Statements
$1,336,406
Total Revenue per Form 990
$1,336,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$744,053
Grants and Similar Amounts Paid$415,800
Other Expenses$109,603
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$406,980$101,745-$508,725
Grants to Domestic Orgs$415,800--$415,800
Current Officers, Directors, Trustees, and Key Employees$104,840$26,210-$131,050
Other Employee Benefits$44,594$11,148-$55,742
Payroll Taxes$38,829$9,707-$48,536
Occupancy$28,604$7,151-$35,755
Office Expenses$20,401$5,099-$25,500
Fees for Services Other$19,888$4,972-$24,860
Travel$5,815$1,454-$7,269
Other Expenses$6,498--$6,498
Insurance$3,956$989-$4,945
Advertising$3,383--$3,383
Depreciation Depletion$1,114$279-$1,393
Total Functional Expenses$1,100,702$168,754$0$1,269,456

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,269,456
Total Expenses per Audited Statements$1,269,456
Total Expenses per Form 990$1,269,456
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Old Town CommunityPortland, OR-Capacity Building$47,726
Williams VancouverPortland, OR-Capacity Building$46,894
Hawthorne Blvd Business AssociationPortland, OR-Capacity Building$46,000
Nw Industrial Business AssnPortland, OR-Capacity Building$45,000
Central Eastside IndustrialPortland, OR-Capacity Building$40,000
Historic Mississippi AvePortland, OR-Capacity Building$34,880
Montavillaeast TaborPortland, OR-Capacity Building$11,000
Ne Broadway Business AssociationPortland, OR-Capacity Building$11,000
Lents Grown Business AssociationPortland, OR-Capacity Building$9,000
St Johns BoostersPortland, OR-Capacity Building$8,500
Lloyd Community AssociatioPortland, OR-Capacity Building$8,000
Midway Business AssociationPortland, OR-Capacity Building$7,050
Columbia Corridor AssnPortland, OR-Capacity Building$6,000
Hillsdale Business & ProfessionalPortland, OR-Capacity Building$6,000
Foster Area Business AssociationPortland, OR-Capacity Building$5,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$61,673
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has memebers.”

Form 990, Page 6, Part VI, Line 7A

“Members elect members to the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“The board of directors reviews the 990 before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Board members are required to disclose all conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“Board approves compensation of the executive director.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Venture Portland
EIN
93-1111942
Phone
5034779648
Address
1125 SE MADISON ST, PORTLAND, OR 97214

Signing Officer

Name
Eleni Gerding
Title
President
Phone
5034479648
Signed
2025-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Church
Formed
1986
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
17
Volunteers
13

Preparer

Firm
Dougall Conradie LLC
Address
9400 SW BARNES RD 309, PORTLAND, OR 97225-6658
Preparer
Rich Winkel
Phone
9712499920
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Venture portland means business. The organization invests in the smart, strategic growth of portland's 50 unique neighborhood business districts through grants, training, and promotion. Together, neighborhood business districts contain 19,200 businesses and provide 270,000 jobs, playing a vital role in portland's economy. Venture portland builds the capacity of and connections between these districts that collectively meet local, regional, national and international demand for goods and services.”

Form 990, Page 2, Part III, Line 4A

“As of 2024, venture portland celebrated 38 years of supporting small business through portland's business district associations. We continue to provide information and assistance, a grants program, networking opportunities, board trainings, webinars, promotions, and offer select districts a district manager at 36 hours per week through our catalytic investment initiative program. In 2023-24, we provided 3,800 hours of technical assistance to business district associations. Our members donated 3,600 hours of volunteer time to support our goals and strengthen our business community. Our marketing and promotion of business districts continues with our twice-a-week newsletters, instagram account, and a brand new website that was launched in august 2024. For the second time, we were able to offer a "major impact grants" opportunity awarding 250,000 in grant dollars to multiple business district associations. This, along with our spring and cii grant cycles, allowed us to gift 309,000 in grant funding within the span of twelve months.”

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IRS990/ActivityOrMissionDesc0VENTURE PORTLAND MEANS BUSINESS. THE ORGANIZATION INVESTS IN THE SMART, STRATEGIC GROWTH OF PORTLAND'S 50 UNIQUE NEIGHBORHOOD BUSINESS DISTRICTS THROUGH GRANTS, TRAINING, AND PROMOTION. TOGETHER, NEIGHBORHOOD BUSINESS DISTRICTS CONTAIN 19,200 BUSINESSES AND PROVIDE 270,000 JOBS, PLAYING A VITAL ROLE IN PORTLAND'S ECONOMY. VENTURE PORTLAND BUILDS THE CAPACITY OF AND CONNECTIONS BETWEEN THESE DISTRICTS THAT COLLECTIVELY MEET LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL DEMAND FOR GOODS AND SERVICES.
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IRS990/Desc0AS OF 2024, VENTURE PORTLAND CELEBRATED 38 YEARS OF SUPPORTING SMALL BUSINESS THROUGH PORTLAND'S BUSINESS DISTRICT ASSOCIATIONS. WE CONTINUE TO PROVIDE INFORMATION AND ASSISTANCE, A GRANTS PROGRAM, NETWORKING OPPORTUNITIES, BOARD TRAININGS, WEBINARS, PROMOTIONS, AND OFFER SELECT DISTRICTS A DISTRICT MANAGER AT 36 HOURS PER WEEK THROUGH OUR CATALYTIC INVESTMENT INITIATIVE PROGRAM. IN 2023-24, WE PROVIDED 3,800 HOURS OF TECHNICAL ASSISTANCE TO BUSINESS DISTRICT ASSOCIATIONS. OUR MEMBERS DONATED 3,600 HOURS OF VOLUNTEER TIME TO SUPPORT OUR GOALS AND STRENGTHEN OUR BUSINESS COMMUNITY. OUR MARKETING AND PROMOTION OF BUSINESS DISTRICTS CONTINUES WITH OUR TWICE-A-WEEK NEWSLETTERS, INSTAGRAM ACCOUNT, AND A BRAND NEW WEBSITE THAT WAS LAUNCHED IN AUGUST 2024. FOR THE SECOND TIME, WE WERE ABLE TO OFFER A "MAJOR IMPACT GRANTS" OPPORTUNITY AWARDING 250,000 IN GRANT DOLLARS TO MULTIPLE BUSINESS DISTRICT ASSOCIATIONS. THIS, ALONG WITH OUR SPRING AND CII GRANT CYCLES, ALLOWED US TO GIFT 309,000 IN GRANT FUNDING WITHIN THE SPAN OF TWELVE MONTHS.
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