OREGON ENTREPRENEURS FORUM

EIN: 931058377 501(c)(3)

PORTLAND, OR

Total Revenue
$492,814
Total Expenses
$561,542
Total Assets
$743,465
Net Assets
$566,254
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
OR
Principal Officer
CARA TURANO
Phone
5032222270
Tax Period
2024-01-01 to 2024-12-31

OREGON ENTREPRENEURS FORUM, founded in 1991, is a small nonprofit that reported $493K in total revenue in fiscal year 2024. Expenses of $562K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE SUPPORT ACTIVITIES AND MENTORING TO THE ENTREPRENEURIAL COMMUNITY TO FOSTER BUSINESS GROWTH AND EMPLOYMENT OPPORTUNITIES IN OREGON. WE PROVIDE EDUCATIONAL PROGRAMS, TECHNICAL ASSISTANCE, NETWORK CONNECTIONS, AND THE OPPORTUNITY FOR ACCESS TO CAPITAL.

Program Service Accomplishments

Program 1
Expenses: $242,435 Revenue: $13,881

OEN HOSTED THE OREGON ENTREPRENEURSHIP AWARDS AS A PRESENTATION STYLE EVENT WITH OVER 415 ATTENDEES WHO GATHERED TO CELEBRATE 250+ NOMINEES, 18 FINALISTS AND 6 WINNERS IN SEVERAL AREAS OF...

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OEN HOSTED THE OREGON ENTREPRENEURSHIP AWARDS AS A PRESENTATION STYLE EVENT WITH OVER 415 ATTENDEES WHO GATHERED TO CELEBRATE 250+ NOMINEES, 18 FINALISTS AND 6 WINNERS IN SEVERAL AREAS OF ENTREPRENEURIAL SUCCESS FROM ACROSS THE STATE OF OREGON AND SW WASHINGTON.

Program 2
Expenses: $22,963 Revenue: $21,487

OEN EXECUTED ANGEL OREGON BIO IN PARTNERSHIP WITH OHSU, OBI/OTRADI, ONAMI AND THE OREGON BIOSCIENCE ASSOCIATION TO SUPPORT OREGON AND SWW-BASED LIFE AND BIOSCIENCE STARTUPS. THE PRORAM OFFERED...

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OEN EXECUTED ANGEL OREGON BIO IN PARTNERSHIP WITH OHSU, OBI/OTRADI, ONAMI AND THE OREGON BIOSCIENCE ASSOCIATION TO SUPPORT OREGON AND SWW-BASED LIFE AND BIOSCIENCE STARTUPS. THE PRORAM OFFERED CAPITAL LITERACY AND INVESTMENT READINESS EDUCATION TO 23 LOCAL LIFE AND BIOSCIENCE FOUNDERS, ANGEL INVESTING EDUCATION TO APPROXIMATELY 15 ANGEL INVESTORS, AND HELPED RAISE AN EQUITY INVESTMENT OF $185,000 AWARDED TO ONE STARTUP, AXIA ORTHOPEDICS. ONE FINALIST HAS SINCE RECEIVED AN INVESTMENT FROM A LOCAL SEED FUND AND TWO FINALISTS ARE IN DISCUSSIONS WITH LOCAL FUNDS FOR EQUITY INVESTMENTS.

Program 3
Expenses: $5,869 Revenue: $14,705

OEN AGAIN EXECUTED ANGEL OREGON TECH IN 2024. OVER 40 COMPANIES ATTENDED ONE OF TWO 4-WEEK CAPITAL LITERACY AND INVESTMENT READINESS EDUCATION SERIES, 15 STARTUPS PITCHED TO A LIVE AUDIENCE AND 5...

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OEN AGAIN EXECUTED ANGEL OREGON TECH IN 2024. OVER 40 COMPANIES ATTENDED ONE OF TWO 4-WEEK CAPITAL LITERACY AND INVESTMENT READINESS EDUCATION SERIES, 15 STARTUPS PITCHED TO A LIVE AUDIENCE AND 5 WERE ULTIMATELY FINALISTS FOR THE AOTECH INVESTMENT FUND. A $110,000 ANGEL INVESTMENT WAS MADE IN DAYO WHO WENT ON TO WIN ADDITIONAL INVESTMENT AT ANOTHER LOCAL PITCH COMPETITION FOR INVESTORS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $415,160
Program Service Revenue $67,350
Investment Income $10,304
Other Revenue $0
TOTAL REVENUE $492,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $345,756
Fundraising Expenses $122,915
Program Expenses $287,951
Other Expenses $215,786
TOTAL EXPENSES $561,542

Year-over-Year Comparison

2024 2023 Change
Revenue $492,814 $481,087 +0.0%
Expenses $561,542 $535,812 +0.0%
Net Income $-68,728 $-54,725 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
50

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
$143,168
Total Directors
17
$143,168
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARA TURANO PRESIDENT & EXECUTIVE DIRECTOR 55.00
Officer Director
$134,709 $8,459 $143,168
MIKE GOETZ CHAIR 1.00
Officer Director
$0 $0 $0
SCE PIKE VICE CHAIR 4.00
Officer Director
$0 $0 $0
BETH NGUYEN FINANCE/TREASURER 2.00
Officer Director
$0 $0 $0
CLAIRE BROWN SECRETARY 2.00
Officer Director
$0 $0 $0
DAVE HANSEN MEMBER 2.00
Director
$0 $0 $0
DEEPA SESHAN MEMBER 1.00
Director
$0 $0 $0
DEEPTHI MADHAVA MEMBER 1.00
Director
$0 $0 $0
RYAN COMINGDEER MEMBER 3.00
Director
$0 $0 $0
ANNE LIPSITZ MEMBER 1.00
Director
$0 $0 $0
JOHN WILLIAMS MEMBER 1.00
Director
$0 $0 $0
SCOTT SANDLER MEMBER 1.00
Director
$0 $0 $0
MIKE WHITE MEMBER 1.00
Director
$0 $0 $0
MARY HULL MEMBER 1.00
Director
$0 $0 $0
COREY FRAZIER MEMBER 1.00
Director
$0 $0 $0
PAIGE HENDRIX BUCKNER MEMBER 1.00
Director
$0 $0 $0
KASEM RODRIGUEZ MOHSEN MEMBER 1.00
Director
$0 $0 $0
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
2024 $492,814 $561,542 $743,465 $-68,728
2023 $481,087 $535,812 $843,556 $-54,725
2022 $482,420 $651,013 $884,192 $-168,593
2021 $776,592 $476,830 $678,451 $299,762
2020 $510,131 $501,342 $328,654 $8,789
2019 $939,915 $914,356 $225,976 $25,559
2018 $580,181 $695,926 $233,559 $-115,745
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