Overview
What is North-Northeast Business Association?
The North-Northeast Business Association, commonly known as the Soul District Business Association, is a dedicated nonprofit organization based in Portland, Oregon. Their primary mission is to bolster the economic and business growth within the inner urban N/NE Portland region. Acting as a voice, advocate, facilitator, and catalyst, they support both businesses and residents. In 2021, their key objectives included identifying Black/BIPOC business owners, providing initial assessments, and offering referrals for technical support or financial assistance. They successfully enrolled 90 Black-owned businesses, offering over 500 hours of support, and established partnerships with various organizations. The survey results revealed challenges in accessing financial resources, which the association aims to address, ultimately seeking to boost Black/BIPOC business revenue and foster commercial growth in the region.
Official website here: www.nnebaportland.org
Is North-Northeast Business Association legitimate?
North-Northeast Business Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. North-Northeast Business Association 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: $1,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nnebaportland.org
What is the mission statement of North-Northeast Business Association?
The North-Northeast Business Association is a non-profit organization committed to promoting and sustaining the economic and business development in urban areas. They serve as a voice, advocate, facilitator, and catalyst for businesses and residents, working tirelessly to support their growth and success. The association is particularly dedicated to the Black/BIPOC small business community, providing resources and assistance to help them secure grants, loans, and other forms of financial support. They also collaborate with partner organizations to offer technical support, identify commercial spaces, and provide guidance on various business-related issues. Despite challenges, the association has enrolled numerous Black-owned businesses into their outcome tracker and provided extensive internal technical support to help them secure funding and resources.
Official website here: www.nnebaportland.org
Who is the CEO of North-Northeast Business Association?
John Washington is the Chairman of North-Northeast Business Association.
Official website here: www.nnebaportland.org
What is the revenue of North-Northeast Business Association?
North-Northeast Business Association's revenue in 2021 was $327,853.
Official website here: www.nnebaportland.org
Who are the executives of North-Northeast Business Association and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.nnebaportland.org
Where can I find the form 990 for North-Northeast Business Association?
North-Northeast Business Association's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.nnebaportland.org
Learn more at the official website: www.nnebaportland.org
Mission Statement of North-Northeast Business Association
The North/Northeast Business Association, a non-profit organization, is committed to promoting and sustaining the economic and business development in inner urban North/Northeast Portland. Acting as a voice, advocate, facilitator, and catalyst for both businesses and residents, the association aims to foster a thriving business environment in this area. Their mission is to serve as a driving force behind the economic growth and vitality of the North/Northeast Portland community, ensuring the success of local businesses and enhancing the living conditions for its residents.
In addition to its mission, the North/Northeast Business Association takes a proactive approach to addressing the needs of the Black and BIPOC small business community. They have been instrumental in creating strategies and action plans aimed at fostering wealth creation within communities of color and low-income neighborhoods. By providing intensive technical support, connecting businesses with resources, and offering guidance on securing funding, the association works tirelessly to empower Black-owned businesses and help them thrive. Their efforts have resulted in enrolling numerous businesses into their Outcome Tracker system, providing extensive technical support, and creating a pipeline of partners to assist these businesses in their growth.
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Impact
October, 2024
The North-Northeast Business Association (NNBA) plays a transformative role in enhancing the economic landscape of inner urban N/NE Portland, particularly for the Black and BIPOC small business community. By acting as a voice and advocate for local businesses, NNBA facilitates crucial connections and provides comprehensive support tailored to the unique challenges these entrepreneurs face.
One significant impact of NNBA is its establishment of the Outcome Tracker System, which helps identify Black-owned businesses seeking to establish or grow their presence in the area. This initiative has resulted in the enrollment of 90 businesses, providing them with vital resources and support. NNBA also offers over 500 hours of technical assistance, guiding business owners through the complexities of securing grants, loans, and navigating commercial real estate—crucial for those who often lack emergency savings and other financial resources.
Through strategic partnerships with organizations like MESO and Mercy Corp NW, NNBA fosters a network of support that further empowers these businesses. By connecting owners with culturally specific property management firms and facilitating access to essential services such as credit counseling and legal advice, NNBA strengthens the overall business ecosystem in the community.
The data highlights the persistent challenges faced by these businesses, including the high percentage that struggled to secure COVID-19 relief, underscoring the need for ongoing support. NNBA's proactive outreach and engagement strategies aim to not only grow existing businesses but also cultivate new ventures, ensuring a thriving commercial environment. Overall, NNBA's impact is substantial, fostering economic resilience and promoting wealth creation within communities that have faced historic inequities.
This information is meant to be a general summary of North-Northeast Business Association. 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 2021.
- Investment Income: $2
- Program Service Revenue: $100,258
- Gross Receipts: $327,853
Assets and Liabilities:
- Total Assets: $133,203
- Total Liabilities: $59,467
- Net Assets: $73,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Business Support Svcs
Revenue
$100,258
Organization Details
Founding Year
1977
Principal Officer
John Washington
Main Address
PO Box 11565, Portland, OR, 97211
Website
www.nnebaportland.orgNTEE Category
Code: P20 - Human services
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