To accelerate entrepreneurial activity and enhance economic revitalization throughout Oregon.

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $156K a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$676K
+58% vs prior year
Spent
$467K
To programs
40%
Net assets
$431K
By yearFY2020–FY2024
Revenue
$676K
FY2021▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2021$676K
FY2022$977K
FY2023$584K
FY2024$474K
Expenses
$467K
FY2021▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$319K
FY2021$467K
FY2022$532K
FY2023$575K
FY2024$468K
Net assets
$431K
FY2021▲ +76%
Tap a bar for its year
Net assets by fiscal year
FY2020$246K
FY2021$431K
FY2022$877K
FY2023$886K
FY2024$909K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2016.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $185K Management & general 60% · $281K

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

9 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
$68,500Pt VII · Sec A
$25,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephen Green’s $15K as Director is at the 9th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mitch Daugherty—$116,800$70,000$68,500$32,798
Stephen Green$15,000$15,000$5,100$25,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Built Oregon 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 15aNo

Programs and updates

Accelerates Oregon's economic growth by supporting local entrepreneurs through startup ecosystem connections, pitch competitions, and grant funding for Black-owned businesses.

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Provided by the organization

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3 programs · $159K · in their own filed words · FY2021
01

Nike Direct Support

provided startup support and educational programs for small companies in Portland.

$93Kprogram expense
02

Nike Gen operating support- raised funds for BIPOC led businesses and distributed funds via micro grants to be used for case by case specific business needs.

$47Kprogram expense
03

Marketplace restricted- provided startup support classes and educational programs for small companies in Portland.

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
1803 FundFY2025$30K
Total grants receivedfrom 2 funders$45K
Grants paid · 24 grants · $298K · 2022–2024
Holla SchoolOR · FY2024$30,000
All Black Content Travel NetworkFY2024$20,000
Flourish Spices & African FoodFY2024$10,000
The Barreled BeeFY2024$5,500
Creative HomiesFY2023$30,000
Card Craft (damolalo)FY2023$20,000
Heart and Hustle ProductionsFY2023$10,000
Crcl of WnnrsFY2023$8,000
Beaverton Black Parent UnionOR · FY2023$2,800
Fridie OutdoorsFY2023$2,800
Fahiym B Acuay We Out Here MagazineFY2023$2,800
Albina Vision INCOR · FY2023$2,800
The Corporate StrategistFY2023$2,800
Jocelyn Rice Black Earth UnitedFY2023$2,800
Love Grows LLCFY2023$2,800
Hannah KullbergFY2023$1,000
Mimi's Fresh TsFY2023$1,000
Adre LLCFY2022$50,000
See all 24 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$676K
Ln 12
Gifts and grantsLn 1h$662K
Fees for servicesLn 2g$14K
Money outPt IX
$467K
Ln 25
Programscol B$185K
Managementcol C$281K
Owns and owesPt X
$431K
net assets · Ln 32
Cash and savingsLn 1–2$483K
Total assetsLn 16$485K
LiabilitiesLn 26$54K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$662K
Fees for servicesLn 2g$14K
Total revenueLn 12$676K
Assets in detailPt X, end of year
CashLn 1$483K
Cash and savings togetherLn 1–2$483K
Other assetsLn 15$1K
Total assetsLn 16$485K
LiabilitiesLn 26$54K
Net assetsLn 32$431K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$241K$483K
Total assetsLn 16$307K$485K
LiabilitiesLn 26$61K$54K
Net assetsLn 32$246K$431K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Pay of current officers, directors and key staffLn 5$94K$8K$86K
Pay of disqualified personsLn 6$150K$150K
Other salaries and wagesLn 7$46K$46K
Accounting feesLn 11c$17K$17K
Advertising and promotionLn 12$61K$61K
Office expensesLn 13$4K$4K
TravelLn 17$219$219
InterestLn 20$87$87
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$17K$3K$14K
All other expensesLn 24e$4K$2K$3K
Total functional expensesLn 25$467K$185K$281K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $474K$468K$6K$909K 990 PDF
FY2023 $584K$575K$9K$886K 990 PDF
FY2022 $977K$532K$445K$877K 990 PDF
FY2021 Viewing $676K$467K$209K$431K 990 PDF
FY2020 $427K$319K$108K$246K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $675,788 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $401,053$662,068
I-9 Program service revenuePrior year $26,337$13,720
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $427,390$675,788
I-13 Grants and similar amounts paidPrior year $0$64,977
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $233,276$289,564
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $85,779$112,004
I-18 Total expensesPrior year $319,055$466,545
I-19 Revenue less expensesPrior year $108,335$209,243
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $675,788 across 3 lines filed
Lines not itemized here account for $13,720 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$662,068
VIII-1h Total contributions, gifts and grants$662,068
VIII-12 Total revenueRelated to mission $13,720 · Unrelated business $0 · Excluded from tax $0$675,788
Part IX · Statement of functional expenses $466,545 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $64,977$64,977
IX-5 Pay of current officers, directors and key staffPrograms $7,500 · Management $86,000$93,500
IX-6 Pay of disqualified personsManagement $149,800$149,800
IX-7 Other salaries and wagesPrograms $46,264$46,264
IX-11c Accounting feesManagement $17,452$17,452
IX-12 Advertising and promotionPrograms $61,418$61,418
IX-13 Office expensesManagement $3,862$3,862
IX-17 TravelPrograms $219$219
IX-20 InterestManagement $87$87
IX-23 InsuranceManagement $7,337$7,337
IX-24 Other expenses (24a–d)Programs $3,308 · Management $13,843$17,151
IX-24e All other expensesPrograms $1,584 · Management $2,894$4,478
IX-25 Total functional expensesPrograms $185,270 · Management $281,275 · Fundraising $0$466,545
Part X · Balance sheet $484,917 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $241,442$483,107
X-4 Accounts receivableStart of year $19,500$400
X-9 Prepaid expenses and deferred chargesStart of year $1,500$410
X-15 Other assetsStart of year $32,467$1,000
X-16 Total assetsStart of year $306,922$484,917
X-17 Accounts payable and accrued expensesStart of year $10,366$31,786
X-25 Other liabilitiesStart of year $31,700$19,624
X-26 Total liabilitiesStart of year $61,255$53,501
X-32 Total net assets or fund balancesStart of year $245,667$431,416
X-33 Total liabilities and net assetsStart of year $306,922$484,917
Part XI · Reconciliation of net assets $431,416 net assets at year end
XI-1 Total revenue$675,788
XI-2 Total expenses$466,545
XI-3 Revenue less expenses$209,243
XI-4 Net assets at start of year$245,667
XI-8 Prior period adjustments−$23,494
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$431,416

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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