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Portland Economic Investment

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Public, Society Benefit - Multipurpose and Other N.E.C. (NTEE)

Donations to this organization are not tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$329k (2023)

Expenses
$64.9k (2023)

Total Assets
$3.41M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$329,089
Expenses
$64,900
Net Income
$264,189
Net Assets
$3,412,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $52,407
15.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $285,287
86.7%
Net Inventory Sales $0
Other Revenue -$8,605
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,412,249
Total Liabilities $0
Net Assets $3,412,249
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gustavo J Cruz Jr (President & Director) $0 $0 $0
Andrew Hoan (Director & Secretary) $0 $0 $0
Monique Claiborne (Director & Treasurer) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$758,384
Expenses
$88,609
Net Income
$669,775
Net Assets
$3,417,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $17,085
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $741,502
97.8%
Net Inventory Sales $0
Other Revenue -$203
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,417,190
Total Liabilities $0
Net Assets $3,417,190
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gustavo J Cruz Jr (President & Director) $0 $0 $0
Andrew Hoan (Director & Secretary) $0 $0 $0
Monique Claiborne (Director & Treasurer) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$13,146
Expenses
$123,264
Net Income
-$136,410
Net Assets
$2,628,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,092
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$15,238
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,628,555
Total Liabilities $0
Net Assets $2,628,555
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gustavo J Cruz Jr (President & Director) $0 $0 $0
Andrew Hoan (Director & Secretary) $0 $0 $0
Matt Miller (Director & Treasurer) $0 $0 $0
Monique Claiborne (Director) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,667
Expenses
$108,850
Net Income
-$55,183
Net Assets
$2,480,556
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $18,612
34.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,055
65.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,480,556
Total Liabilities $0
Net Assets $2,480,556
Compensation
Key Employees and Officers Compensation Related Other
Gustavo J Cruz Jr (President & Director) $0 $0 $0
Andrew Hoan (Director & Secretary) $0 $0 $0
Matt Miller (Director & Treasurer) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,251
Expenses
$228,772
Net Income
-$97,521
Net Assets
$2,311,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $68,185
52.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $63,066
48.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,311,315
Total Liabilities $0
Net Assets $2,311,315
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gustavo J Cruz Jr (President & Director) $0 $0 $0
Andrew Hoan (Director & Secretary) $0 $0 $0
Matt Miller (Director & Treasurer) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$480,558
Expenses
$117,788
Net Income
$362,770
Net Assets
$2,280,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $200,000
41.6%
Program Services $0
Investment Income $28,503
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $252,055
52.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,305,786
Total Liabilities $25,250
Net Assets $2,280,536
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gustavo J Cruz Jr (Secretary & Director) $0 $0 $0
Andrew Hoan (Treasurer & Director) $0 $0 $0
Janet Labar (President & Director) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,472
Expenses
$115,619
Net Income
-$107,147
Net Assets
$1,885,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $10
0.1%
Program Services $0
Investment Income $8,462
99.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,885,986
Total Liabilities $0
Net Assets $1,885,986
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sandra K Mcdonough (President) $0 $0 $0
J Scott Andrews (Secretary) $0 $0 $0
Janet Labar (Treasurer) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,296,943
Expenses
$47,448
Net Income
$1,249,495
Net Assets
$1,975,305
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,300,000
> 100%
Program Services $0
Investment Income $824
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,881
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,975,305
Total Liabilities $0
Net Assets $1,975,305
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sandra K Mcdonough (President) $0 $0 $0
J Scott Andrews (Secretary) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0
Janet Lebar (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$95,301
Expenses
$38,918
Net Income
$56,383
Net Assets
$731,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,000
> 100%
Program Services $0
Investment Income $153
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,852
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $731,291
Total Liabilities $0
Net Assets $731,291
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sandra K Mcdonough (President) $0 $0 $0
J Scott Andrews (Secretary) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0
Janet Lebar (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$725,042
Expenses
$45,905
Net Income
$679,137
Net Assets
$679,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $725,000
100.0%
Program Services $0
Investment Income $42
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $679,137
Total Liabilities $0
Net Assets $679,137
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sandra K Mcdonough (President) $0 $0 $0
J Scott Andrews (Secretary) $0 $0 $0
Sean M Robbins (Treasurer) $0 $0 $0
Jeffrey C Wolfstone (Assistant Secretary) $0 $0 $0
Janet Labar (Treasurer) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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