Overview
What is Portland Business Alliance Charitable Institute Inc?
Portland Business Alliance Charitable Institute Inc is a nonprofit organization based in Portland, Oregon, specifically at WTC 121 SW SALMON STREET 1440. Their primary mission is to carry out charitable, scientific, and educational objectives aligned with the Portland Business Alliance. A significant portion of their efforts was dedicated to the Nike School Innovation Fund, a $9 million, five-year commitment aimed at enhancing education and leadership development in Portland, Hillsboro, and Beaverton public schools. The fund supported innovative methods in schools, including summer programs for kindergarteners and a leadership academy for teachers and principals. Additionally, it experimented with the integration of business managers in high schools. Due to the fund's unspent remainder, the program was extended, and the final year is expected in 20XX.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Portland Business Alliance Charitable Institute Inc has achieved a noteworthy Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 94%, with its rating based entirely on its Accountability & Finance metrics. This outstanding score reflects a commitment to transparent and responsible financial practices, essential for building trust with donors and stakeholders.
Strengths of the organization include its fully independent board, which comprises nine members, and a robust conflict of interest policy. The organization has also demonstrated excellent financial management, with a program expense ratio of 87.49%, ensuring that the majority of funds are directed towards its charitable programs. Additionally, they maintain clear financial statements and have policies in place for whistleblowing and document retention, further enhancing their accountability.
While the organization showcases exceptional financial practices and governance, there are no noted limitations in the provided data. Overall, the Portland Business Alliance Charitable Institute Inc sets a strong example of accountability and effective use of resources, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Business Alliance Charitable Institute Inc legitimate?
Portland Business Alliance Charitable Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Business Alliance Charitable Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,470
For more financial information, click here
What is the mission statement of Portland Business Alliance Charitable Institute Inc?
The Portland Business Alliance Charitable Institute Inc's mission is centered around carrying out the charitable, scientific, and educational objectives of the Portland Business Alliance. It performs the functions and carries out the charitable, scientific, and educational purposes of the Portland Business Alliance, as outlined by its mission statement. The organization played a significant role in establishing the Nike School Innovation Fund, a five-year, $9 million commitment to enhance education and leadership development in local schools. Grants were distributed to Portland, Beaverton, and Hillsboro school districts for summer programs, leadership academies, and experimenting with business managers in high schools. The Innovation Fund encouraged innovative methods, and due to the funds not being expended in five years, the program was extended.
Who is the CEO of Portland Business Alliance Charitable Institute Inc?
Andrew Hoan is the Chair of Portland Business Alliance Charitable Institute Inc. The CEO's salary of Portland Business Alliance Charitable Institute Inc is $0 and their total compensation is $324,065.
What is the revenue of Portland Business Alliance Charitable Institute Inc?
Portland Business Alliance Charitable Institute Inc's revenue in 2022 was $989,616.
Who are the executives of Portland Business Alliance Charitable Institute Inc and what are their salaries?
There 50 volunteers at Portland Business Alliance Charitable Institute Inc.
Here are 12 key members and their salaries (Portland Business Alliance Charitable Institute Inc's CEO's salary is $0 and their total compensation is $324,065):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $317,360
- Other: $6,705
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $149,427
- Other: $18,423
- Compensation: $0
- Related: $120,668
- Other: $15,801
- Compensation: $0
- Related: $127,369
- Other: $14,085
Where can I find the form 990 for Portland Business Alliance Charitable Institute Inc?
Portland Business Alliance Charitable Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portland Business Alliance Charitable Institute Inc
Portland Business Alliance Charitable Institute Inc, in line with its charitable, scientific, and educational mission, aims to carry out the functions and purposes of the Portland Business Alliance. The institute's primary focus is on supporting innovation in schools, with a goal of delivering quality education and fostering leadership development. It has made a five-year, $9 million commitment to aid Portland, Hillsboro, and Beaverton public schools.
The institute's efforts have been directed towards facilitating educational programs for early learners, particularly kindergarteners preparing for first grade. They have provided grants to help create summer programs that aid in this transition. Additionally, Portland Public Schools received funding for a leadership academy for teachers and principals, as well as for experimenting with the use of business managers in high schools. In all these instances, the institute encourages innovative methods.
The Nike School Innovation Fund, initiated by Nike and its supportive employees, has not exhausted its resources within the five-year timeframe. Consequently, the program has been extended to allow for the complete expenditure of the funds. The final year of the fund is expected to be in the upcoming year. This institute's mission reflects its commitment to enhancing education and leadership development within the educational sector.
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Impact
July, 2024
The Portland Business Alliance Charitable Institute Inc's impact includes supporting the NIKE School Innovation Fund, which was established as a five-year, $9 million commitment to help Portland, Hillsboro, and Beaverton public schools. This fund has facilitated the education of early learners by creating summer programs to assist kindergarteners in their transition to first grade. Additionally, grants have been provided to fund a leadership academy for teachers and principals, as well as to experiment with the use of business managers in high schools. The Institute encourages the use of innovative methods to enhance the quality of education and leadership development in these school districts. The continuation of the NIKE School Innovation Fund reflects the engagement and support of Nike and its employees towards public schools.
This information is meant to be a general summary of Portland Business Alliance Charitable Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $185,078
- Gross Receipts: $989,616
Assets and Liabilities:
- Total Assets: $1,326,012
- Total Liabilities: $221,320
- Net Assets: $1,104,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JOBS BOARD
Revenue
$155,325
CONFERENCES AND EVENTS
Revenue
$29,753
Organization Details
Founding Year
1983
Phone
(503) 224-8684Principal Officer
Andrew Hoan
Main Address
WTC 121 SW SALMON STREET 1440, PORTLAND, OR, 97204
NTEE Category
Code: T30 - Philanthropy
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