2024-01-16T11:51:22-06:00 2023-06-30 930743240 HOFFMAN STEWART & SCHMIDT PC 3 CENTERPOINTE DRIVE SUITE 300 LAKE OSWEGO OR 970358663 990 2022-07-01 931179323 PORTLAND STREETCAR INC PORT 5032224200 930 NW 14TH AVENUE 280 PORTLAND OR 97209 OWEN RONCHELLI TREASURER 5032224200 2023-12-21 1 OWEN RONCHELLI 999009999 0 JASON HALL P00960849 5032205900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN BOWER 930 NW 14TH AVENUE 280 PORTLAND OR 97209 1472723 0 X WWW.PORTLANDSTREETCAR.ORG X 1995 OR TO REDUCE DEPENDENCE ON AUTOMOBILES, TRAFFIC CONGESTION, AND AIR POLLUTION, THROUGH DEVELOPMENT AND OPERATION OF A STREETCAR SYSTEM. 14 14 20 14 271900 150691 411448 30000 941472 1170823 -10625 0 125000 271900 1467295 1472723 3500 6000 0 0 816731 901416 0 0 54715 428411 760473 1248642 1667889 218653 -195166 1116511 1295832 252704 627191 863807 668641 X SEE SCHEDULE O.LINK NEIGHBORHOODS WITH A CONVENIENT AND ATTRACTIVE TRANSPORTATION ALTERNATIVE. FIT THE SCALE AND TRAFFIC PATTERNS OF EXISTING NEIGHBORHOODS. PROVIDE QUALITY SERVICE TO ATTRACT NEW TRANSIT RIDERSHIP. REDUCE SHORT INNER-CITY AUTO TRIPS, PARKING DEMAND, TRAFFIC CONGESTION AND AIR POLLUTION. ENCOURAGE DEVELOPMENT OF MORE HOUSING & BUSINESSES 0 0 1435968 6000 1170823 DEVELOPMENT AND OPERATION OF A STREETCAR SYSTEM TO LINK BUSINESS, HOUSING, EMPLOYMENT, AND TOURISM DISTRICTS IN THE GREATER PORTLAND METROPOLITAN AREA, SERVING OVER 3.5 MILLION RIDERS ANNUALLY. 1435968 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 20 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 OR X SHARON LINCOLN 5032224200 930 NW 14TH AVENUE STE 280 PORTLAND OR 97209 DICK DAVIS CHAIR 1.00 X X 0 0 0 CHRIS SMITH VICE CHAIR 1.00 X X 0 0 0 OWEN RONCHELLI TREASURER 1.00 X X 0 0 0 ALEX ZIMMERMANN SECRETARY 1.00 X X 0 0 0 TODD ADAMS BOARD MEMBER 1.00 X 0 0 0 JASON FRANKLIN BOARD MEMBER 1.00 X 0 0 0 ERIC GRANUM BOARD MEMBER 1.00 X 0 0 0 WADE LANGE BOARD MEMBER 1.00 X 0 0 0 RICK PARKER III BOARD MEMBER 1.00 X 0 0 0 KARI SCHLOSSHAUER BOARD MEMBER 1.00 X 0 0 0 PETER STARK BOARD MEMBER 1.00 X 0 0 0 ZOIE WESENBERG BOARD MEMBER 1.00 X 0 0 0 CHRIS WARNER BOARD MEMBER 1.00 X 0 0 0 ANDRE LIGHTSEY-WALKER BOARD MEMBER 1.00 X 0 0 0 DAN BOWER EXECUTIVE DIRECTOR 40.00 X 164205 0 21433 JASON KRAUSE TECHNICAL DIRECTOR 40.00 X 156654 0 19711 320859 0 41144 2 0 1 0 0 30000 30000 CONTRACT INCOME 480000 1170823 1170823 1170823 ADVERTISING INCOME 541800 271900 271900 271900 1472723 1170823 271900 0 X 4000 4000 2000 2000 194337 174903 9717 9717 580883 522795 29044 29044 16443 14799 822 822 53573 48215 2679 2679 56180 50562 2809 2809 4257 4257 43980 43980 387939 387563 188 188 27446 27446 21188 19070 1059 1059 160348 144314 8017 8017 24600 24600 7381 6643 369 369 27903 27903 INCOME TAXES 43304 43304 MISCELLANEOUS 10728 7659 3058 11 EVENTS 1399 1399 1667889 1435968 177206 54715 758794 441988 291111 457485 52161 34968 108830 101766 14445 7064 0 354327 1116511 1295832 208540 207980 44164 419211 252704 627191 X 863807 668641 863807 668641 1116511 1295832 -195166 0 X X 0 1 X 1 0 X 416882 313360 216000 411448 30000 1387690 416882 313360 216000 411448 30000 1387690 139615 1248075 2841 634 33 3508 46876 151691 198567 1589765 4645744 0.78510 0.89980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52163 48380 3783 56667 53386 3281 7064 OPERATING LEASE RIGHT-OF-USE ASSET 354327 354327 29881 OPERATING LEASE LIABILITY 389330 419211 X 1472723 0 1472723 0 1472723 1667889 0 1667889 0 1667889 PART X, LINE 2: FROM 990, PART IV, LINE 11F: THE COMPANY HAS BEEN GRANTED NOT-FOR-PROFIT STATUS IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREFORE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE COMPANY HAS PERFORMED AN ASSESMENT OF ANY UNCERTAIN TAX POSITIONS AS REQUIRED UNDER THE FASB'S ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ACCOUNTING STANDARDS CODIFICATION 740), AND HAS DETERMINED IT HAS NO UNCERTAIN TAX BENEFITS TO RECORD AS A LIABILITY AT JUNE 30, 2023 AND 2022. X X 0 0 0 0 0 0 0 0 0 DAN BOWER EXECUTIVE DIRECTOR 164205 0 0 0 0 0 4954 0 16479 0 185638 0 0 0 JASON KRAUSE TECHNICAL DIRECTOR 156654 0 0 0 0 0 4750 0 14961 0 176365 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER AND PSI EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THAT PORTLAND STREETCAR, INC. (PSI) OPERATES IN A MANNER CONSISTENT WITH ITS NON-PROFIT TAX-EXEMPT PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PSI SHALL CONDUCT PERIODIC REVIEWS. THE REVIEWS, AT A MINIMUM, SHALL INCLUDE: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS FOR SERVICE PROVIDERS HAVE BEEN DETERMINED BASED ON A SERVICE PROVIDER SELECTION PROCESS THAT IS APPROPRIATE FOR ASSURING COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE; AND B. WHETHER ITS CONTRACTS ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE NON-PROFIT TAX-EXEMPT PURPOSES OF PSI, AND DO NOT RESULT IN PRIVATE INUREMENTS, IMPERMISSIBLE PRIVATE BENEFITS, OR EXCESS BENEFIT TRANSATIONS FOR FEDERAL TAX EXEMPTION PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PERFORMS A COMPENSATION EVALUATION OF THE EXECUTIVE DIRECTOR AND OFFICERS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 PORTLAND STREETCAR, INC. MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MISCELLANEOUS: PROGRAM SERVICE EXPENSES 387,563. MANAGEMENT AND GENERAL EXPENSES 188. FUNDRAISING EXPENSES 188. TOTAL EXPENSES 387,939. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSEES THE PREPARATION OF THE AUDITED FINANCIAL STATEMENTS.