Portland State University Bookstore
- Assets
- $1.9m
- Revenue
- $383.5k
- Investments
- $1.5m
- Employees
- 1
- Location
- Portland, OR
- Founding
- 07/2006
- Data as of
- 07/2021
- EIN
- 20-2951862
Organization Overview
Portland State University Bookstore is located in Portland, OR. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland State University Bookstore is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Portland State University Bookstore generated $383.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $384.9k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRODUCTS AND SERVICES THAT ARE PROVIDED BY THE BOOKSTORE CONSIST OF THOSE THAT ARE EDUCATIONAL IN NATURE, INDUCE AND PROMOTE SCHOOL SPIRIT, OR ARE OTHERWISE PROVIDED FOR THE CONVENIENCE OF THE STUDENTS AND FACULTY OF PORTLAND STATE UNIVERSITY. THE PRODUCTS AND SERVICES THAT HAVE BEEN PROVIDED BY THE BOOKSTORE IN ORDER OF IMPORTANCE AND RELATIVE SCOPE FALL INTO THE FOLLOWING GENERAL CATEGORIES: TEXTBOOKS AND COURSE RELATED MATERIALS, EDUCATION SUPPLIES, GENERAL BOOKS, INSIGNIA SPORTSWEAR, SOUVENIRS AND GIFTS, FOOD, SUNDRIES, STUDENT ORIENTED ELECTRONICS, ART SUPPLIES, AND GRADUATION REGALIA AND APPAREL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Norton Executive Director Until Feb 2021 | 22 | $10,447 | |
Shalley Wolf Vice-Chair | 1 | $0 | |
Michael Dimond Chair | 1 | $0 | |
Norie Dimeo-Edigar Director | 1 | $0 | |
Lynn Wendt Director | 1 | $0 | |
Viki Gillespie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,046 |
| Net Rental Income | $1,119 |
| Net Gain on Sale of Assets | $15,828 |
| Capital Gain Net Income | $15,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $362,549 |
| Total Revenue | $383,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,447 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,004 |
| Interest | $449 |
| Taxes | $52,879 |
| Depreciation | $145 |
| Occupancy | $250,627 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,743 |
| Total operating and administrative expenses | $384,939 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $384,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,282 |
| Savings and temporary cash investments | $32,985 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,721 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $30,434 |
| Other assets | $0 |
| Total assets | $1,855,276 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $55,154 |
| Other liabilities | $40,449 |
| Total liabilities | $95,603 |
Grants Awarded
Over the last fiscal year, Portland State University Bookstore has awarded $41,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: FOOD PANTRY | $15,750 |
Portland, OR PURPOSE: FOOD PANTRY | $15,750 |
Portland, OR PURPOSE: SIMON BENSON AWARD DINNER | $5,000 |
Portland, OR PURPOSE: SIMON BENSON AWARD DINNER | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Portland State University Bookstore has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Miller Family Foundation Portland, OR PURPOSE: CHARITABLE CONTRIBUTIONS | $13,500 |
Kawabe Memorial Fund Aka Harry S Kawabe Trust Dallas, TX PURPOSE: SCHOLARSHIPS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Code Org Seattle, WA | $56,417,809 | $32,287,151 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Club For The Future Kent, WA | $9,001,115 | $28,277,868 |