Public Charity

ALBINA OPPORTUNITIES CORPORATION DBA ASCENT FUNDING

Based in PORTLAND, OR, ALBINA OPPORTUNITIES CORPORATION DBA ASCENT FUNDING operates as a Public Charity. The organization reported $-260K in revenue, $426K in expenses, $549K in total assets for fiscal year 2019. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $42K.

EIN: 205597705 PORTLAND, OR General Support NTEE: DEFAULT Latest filing: 2019
Total Revenue$-260K
Total Expenses$426K
Total Assets$549K
Grant Records2
Funding Total$42K
Filing Years2017–2019

Mission

TO CREATE FINANCIAL EQUITY AND JOBS IN THE PORTLAND AREA THROUGH LENDING AND BUSINESS GUIDANCE TO MINORITY-OWNED, WOMEN-OWNED, DISADVANTAGED, AND LOW INCOME BUSINESS COMMUNITIES. ASCENT FUNDING WAS FOUNDED TO ADDRESS FINANCIAL DISCRIMINATION FACING AFRICAN-AMERICAN OWNED BUSINESSES IN THE ALBINA NEIGHBORHOOD IN NORTH/NORTHEAST PORTLAND. OUR SUPPORT FOR THAT COMMUNITY REMAINS STRONG, BUT OUR REACH HAS EXPANDED TO INCLUDE MINORITY- AND WOMEN-OWNED BUSINESSES AND THOSE IN LOW INCOME COMMUNITIES THROUGHOUT THE PORTLAND METRO AREA.

Officers & Directors

DIRECTOR Alan Garcia
DIRECTOR Amy Wayson
DIRECTOR Art Hiemstra
DIRECTOR Bruce Watts
DIRECTOR Bryson Davis
DIRECTOR Erik Selden

Officer compensation and complete director data available with membership.

Top Grant Purposes

Community Dev, Business & InduStry
$22,500 1 grant
Community Dev, Business & Industry
$20,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2019 $-260K $426K $549K
2018 $245K $360K $2.7M
2017 $419K $471K $2.9M

Between 2017 and 2019, reported annual revenue moved from $419K to $-260K, with total assets most recently reported at $549K.

Interactive year-over-year charts and full filing details available with membership.

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