Bendnext EIN 93-1224982 Form 990 (PDF) Claim this org

Bendnext

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Empowers the local workforce through leadership development programs, professional networking, inclusive workplace training, and affordable housing initiatives for community workers. For fiscal year 2024 it reported $1.2M in revenue, $749K in expenses, and $442K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Bend, OR
Website
bendchamber.org/bendnext
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$749K
Net assets
$442K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-1224982 Public charity (501(c)(3)) Bend, OR
Form 990 (PDF)
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Size
$1–10M
What they do
Empowers the local workforce through leadership development programs, professional networking, inclusive workplace training, and affordable housing initiatives for community workers.
Leadership
Katy Brooks · Former President/CEO
Money in and out
$1.2M revenue, $749K expenses
Bottom line
69% program efficiency
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$749K
Pt IX · Ln 25
Net assets
$442K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $422K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.21 Fundraising $0.10
Program efficiency
69%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
9.2mo
months of highly liquid reserves at operating expense rate▲ ×18 vs prior filing year
Surplus margin
+36%
revenue over expenses, this year▲ ×35 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +31%
Expenses
$749K
FY2024▼ -16%
Total assets
$573K
FY2024▲ ×14
Total liabilities
$131K
FY2024▲ +546%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$749K
Pt IX · Ln 25
Net assets
$442K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$422K
Total assetsPt X · Ln 16$573K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBendnext
EINHdr · item D93-1224982
Principal addressHdr · item CBend, OR
WebsiteHdr · item Jbendchamber.org/bendnext
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFNov 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Former President/CEO
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Interim CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Bendnext executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $519K of program spending, described in the organization's own filed words · FY2024.
01

Bendnext foundation 2024 accomplishmentsplanned and held an inclusive workplaces training, cultivating connections & belonging in the workplace, a 2-DAY workshop for 74 individuals representing 34 different organizationsthe chamber, in partnership with bendnext, providence health, and other private sector investors, initiated a revolving…

$519Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 91%
Program service revenue$108K · 9%
Contributions & grants91%$1.1M
Program service revenue9%$108K
Investment income$3K
Other revenue$61
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.21 Fundraising $0.10
Program services69%$519K
Management & general21%$154K
Fundraising10%$75K
Total functional expensesLn 25$749K

Balance Sheet

Part X · end of year
CashLn 1$571K
Total assetsLn 16$573K
Total liabilitiesLn 26$131K
Total net assetsLn 32$442K
Months of cash on handcomputed9.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $571K · Operating expenses/yr $749K
9.2 months
Where the money goes
Program services
Program services $519K · Total expenses $749K
69%
Management & General
Management & general $154K · Total expenses $749K
21%
Fundraising
Fundraising $75K · Total expenses $749K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $66K · Solicited contributions (3-yr avg) $626K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.2M
91%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $108K · Total revenue $1.2M
9%
Investment reliance
Investment income $3K · Total revenue $1.2M
+0.2%
Program self-sufficiency
Program service revenue $108K · Total expenses $749K
14%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $896K
+31%
Revenue CAGR
FY2020 $1.6M · FY2024 $1.2M
-7%
Net-asset trend (YoY)
End of year $442K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $749K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $573K
Net-asset ratio
Net assets $442K · Total assets $573K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $573K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Talena Barker · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $749K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $509K · Total expenses $749K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 21%
Fundraising cost ratio 7%
Revenue growth 31%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$202K
See all 3 funders →
Grants paid · 91 grants · $1.5M · 2020–2023
Waldorf School of BendOR · FY2020$36,000
Heart of Oregon Corps INCOR · FY2020$36,000
Falling WatersFY2020$36,000
Third Street Ventures LLCFY2020$24,000
Sargents CafeFY2020$24,000
PfluckeFY2020$24,000
Lemon TreeFY2020$24,000
Goodlife BrewingFY2020$24,000
BarrioFY2020$24,000
5fusionFY2020$24,000
Toddles PreschoolFY2020$22,500
The Center FoundationOR · FY2020$22,500
Still Serving Counseling ServiceFY2020$22,500
School of Enrichment INCFY2020$22,500
Sage School of MassageFY2020$22,500
Mariposa WigFY2020$22,500
See all 91 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$896K revenue · ⤓ 990 PDF
FY2022$364K revenue · ⤓ 990 PDF
FY2021$180K revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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