HISTORIC PORTLAND PUBLIC MARKET FOUNDATION

EIN: 260070100 501(c)(3) Community Improvement

PORTLAND, OR

Total Revenue
$18,302,995
Total Expenses
$891,791
Total Assets
$21,413,530
Net Assets
$20,512,244
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OR
Principal Officer
JESSICA ELKAN
Phone
5032082071
Tax Period
2025-01-01 to 2025-12-31

HISTORIC PORTLAND PUBLIC MARKET FOUNDATION, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $18.3M in total revenue in fiscal year 2025. Revenue surged 433% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.4M, a strong 95% operating margin.

Mission

THE JAMES BEARD PUBLIC MARKET IS A SEVEN-DAY-A-WEEK PUBLIC MARKET BEING DEVELOPED IN DOWNTOWN PORTLAND TO CELEBRATE OREGON'S AGRICULTURAL BOUNTY, CULINARY EXCELLENCE, AND DIVERSE COMMUNITIES-WHILE ALSO CREATING INCLUSIVE ECONOMIC OPPORTUNITY AND LONG-TERM FINANCIAL SUSTAINABILITY. INSPIRED BY THE LEGACY OF JAMES BEARD AND ROOTED IN THE TRADITIONS OF PUBLIC MARKETS AROUND THE WORLD, THE MARKET WILL SERVE AS A VIBRANT REGIONAL HUB FOR FOOD ACCESS, ENTREPRENEURSHIP, AND CULTURAL EVENTS.SCHEDULED TO OPEN ITS DOORS IN JANUARY 2027 IN THE HEART OF DOWNTOWN, THE MARKET WILL SUPPORT A DIVERSE ARRAY OF VENDORS-ESPECIALLY THOSE FROM HISTORICALLY MARGINALIZED COMMUNITIES-AND CREATE AN INCLUSIVE AND EQUITABLE ECONOMIC PLATFORM FOR SMALL FOOD BUSINESSES TO THRIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $18,302,995
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $18,302,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $238,697
Fundraising Expenses $96,788
Program Expenses $402,132
Other Expenses $653,094
TOTAL EXPENSES $891,791

Year-over-Year Comparison

2025 2024 Change
Revenue $18,302,995 $3,432,242 +4.3%
Expenses $891,791 $375,443 +1.4%
Net Income $17,411,204 $3,056,799 +4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
3
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$166,000
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PIPPA AREND PRESIDENT 3.00
Officer Director
$0 $0 $0
JANE GORDON VICE CHAIR 3.00
Officer Director
$0 $0 $0
JEFF MILLER SECRETARY 3.00
Officer Director
$0 $0 $0
JIM BEAN TREASURER 3.00
Officer Director
$0 $0 $0
RU BUDHI TRUSTEE 3.00
Director
$0 $0 $0
LINDSAY FORD TRUSTEE 3.00
Director
$0 $0 $0
FRANK FOTI TRUSTEE 3.00
Director
$0 $0 $0
KANTH GOPALPUR TRUSTEE 3.00
Director
$0 $0 $0
AMELIA HARD TRUSTEE 3.00
Director
$0 $0 $0
RICHARD HARRIS TRUSTEE 3.00
Director
$0 $0 $0
JANIE HIBLER TRUSTEE 3.00
Director
$0 $0 $0
GREG HIGGINS TRUSTEE 3.00
Director
$0 $0 $0
WILLOW HILL TRUSTEE 3.00
Director
$0 $0 $0
MARTIN MCCLANAN TRUSTEE 3.00
Director
$0 $0 $0
PETER PLATT TRUSTEE 3.00
Director
$0 $0 $0
NANCY PONZI TRUSTEE 3.00
Director
$0 $0 $0
DAVID SIGAL TRUSTEE 3.00
Director
$0 $0 $0
JACOBSEN VALENTINE TRUSTEE 3.00
Director
$0 $0 $0
JESSICA ELKAN EXECUTIVE DIRECTOR 40.00
Officer
$166,000 $0 $166,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $18,302,995 $891,791 $21,413,530 $17,411,204
2024 $3,432,242 $375,443 $3,205,433 $3,056,799
2022 $229,289 $140,282 $186,686 $89,007
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