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Our 42nd Avenue

IRS exemption revoked

Portland, ORUnknown exempt organization EIN 46-1225723Revenue $388K in FY2020

On file with the IRS42ave.org5135 Columbia Blvd · Portland, OR

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To engage in economic development and to lessen the burden of government by partnering with the city of portland to improve conditions in the 42nd Avenue district which has been identified as an urban renewal district with a high level of poverty and economic distress.

90¢ of each $1 spent went to programs.
Run by 6 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$53K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$388K
Spent
$268K
To programs
90%
Net assets
$304K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $242K Management & general 10% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Oscar Arana
Board Member
$0Pt VII · Sec A
Lynn Barlow
Board Member
$0Pt VII · Sec A
Francis Djorgee
Board Member
$0Pt VII · Sec A
Tyree Montgomery
Board Member
$0Pt VII · Sec A
Rosemarie Sweet
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
See Our 42nd Avenue executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves conditions in Portland's 42nd Avenue District through economic development partnerships.

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Provided by the organization

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1 program · $242K · in their own filed words · FY2019
01

Commercial Property Programs

Assisted with the creation and maintenance of affordable, accessible enterprise space to foster entrepreneurship and employment opportunities for community members with barriers to economic PARTICIPATION.BUILT and sustained relationships across the community with both individuals and partnering organizations.

$242Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$388K
Ln 12
Gifts and grantsLn 1h$228K
Fees for servicesLn 2g$159K
Money outPt IX
$268K
Ln 25
Programscol B$242K
Managementcol C$26K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$357K
LiabilitiesLn 26$53K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Government grantsLn 1e$228K
Fees for servicesLn 2g$159K
Total revenueLn 12$388K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
Land, buildings, equipmentLn 10c$301K
Total assetsLn 16$357K
LiabilitiesLn 26$53K
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 54
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$32K$46K
Land, buildings, equipmentLn 10c$219K$301K
Total assetsLn 16$260K$357K
LiabilitiesLn 26$76K$53K
Net assetsLn 32$184K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$20K$18K$2K
Payroll taxesLn 10$2K$1K$202
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$541$541
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$416$366$50
OccupancyLn 16$189K$166K$23K
TravelLn 17$93$93
InterestLn 20$506$506
InsuranceLn 23$2K$2K$272
Other expenses (24a–d)Ln 24$42K$42K
All other expensesLn 24e$463$463
Total functional expensesLn 25$268K$242K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $388K$268K$120K$304K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $387,895 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $219,164$228,500
I-9 Program service revenuePrior year $147,863$159,395
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $367,027$387,895
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $121,643$21,962
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $195,602$246,000
I-18 Total expensesPrior year $317,245$267,962
I-19 Revenue less expensesPrior year $49,782$119,933
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $387,895 across 4 lines filed
VIII-1e Government grants$228,500
VIII-1h Total contributions, gifts and grants$228,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $159,395$159,395
VIII-12 Total revenueExcluded from tax $159,395$387,895
Part IX · Statement of functional expenses $267,962 across 12 lines filed
IX-7 Other salaries and wagesPrograms $17,846 · Management $2,434$20,280
IX-10 Payroll taxesPrograms $1,480 · Management $202$1,682
IX-11b Legal feesPrograms $9,170$9,170
IX-11c Accounting feesManagement $541$541
IX-11g Other fees for servicesPrograms $2,137$2,137
IX-13 Office expensesPrograms $366 · Management $50$416
IX-16 OccupancyPrograms $166,001 · Management $22,636$188,637
IX-17 TravelPrograms $93$93
IX-20 InterestPrograms $506$506
IX-23 InsurancePrograms $1,992 · Management $272$2,264
IX-24 Other expenses (24a–d)Programs $41,773$41,773
IX-24e All other expensesPrograms $463$463
IX-25 Total functional expensesPrograms $241,827 · Management $26,135 · Fundraising $0$267,962
Part X · Balance sheet $357,202 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $31,822$46,358
X-9 Prepaid expenses and deferred chargesStart of year $8,153$8,153
X-10c Land, buildings and equipment, netStart of year $218,546$301,450
X-14 Intangible assetsStart of year $1,241$1,241
X-16 Total assetsStart of year $259,762$357,202
X-24 Unsecured notes and loans payableStart of year $53,139$53,139
X-26 Total liabilitiesStart of year $75,632$53,139
X-27 Net assets without donor restrictionsStart of year $145,095$304,063
X-32 Total net assets or fund balancesStart of year $184,130$304,063
X-33 Total liabilities and net assetsStart of year $259,762$357,202
Part XI · Reconciliation of net assets $304,063 net assets at year end
XI-1 Total revenue$387,895
XI-2 Total expenses$267,962
XI-3 Revenue less expenses$119,933
XI-4 Net assets at start of year$184,130
XI-10 Net assets at end of year$304,063

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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