Greater Portland Inc
Nonprofit profile at a glance
- EIN
- 205922785
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Portland, OR, USA
- Phone
- 5034458065
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $3,395,605
- Expenses
- $1,110,471
- Assets
- $2,742,396
- Liabilities
- $147,024
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- MONIQUE CLAIBORNE (PRESIDENT & CEO)
Highest reported compensation
- MONIQUE CLAIBORNE (PRESIDENT & CEO): $311,485 total reported compensation
- JAMES RADER (CFO): $50,717 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Greater portland inc. Is a private-sector supported economic development organization whose mission is to promote the greater portland metropolitan area to bring good companies and jobs to the region and to support and grow the diverse businesses that have made their home here.
What it reported doing in 2024
Investor relations: gpi continued to develop and execute a strategy that targets and garners new investors, as well as strategically engaging existing investors and regional stakeholders to sustain organizational viability and relevancy through the following: conducts regular outreach to investors and stakeholders through communications, meetings and events to increase the visibility of gpi in the community, share gpi information and better understand stakeholder interests and needs relative to regional economic development.gpi's ambassador program hosts events where emerging leaders learn about regional assets, collective and individual strengths of companies and institutions, successes and challenges in growing the economy and build an overall understanding of how public and private entities work together to strengthen our region. This ensures that gpi's ambassadors are educated thought-leaders who understand the intricacies of regional economic issues and our development strategies.in 2024, gpi hosted ambassador events, including the greater portland economic summit, which focused on the role of the private sector in our region's recovery. 350 community leaders attended this event.
Operating model
- Revenue model
- Grant-funded. 74% of the money available for current operations came from government grants.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 85
- Accountability: 91
- Sustainability: 74
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 67.3%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 2.47; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 27.5%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -7.6% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 30 of 30 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $311K · 37 people listed · 3 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.