Portland Fashion Institute
- Assets
- $260.2k
- Revenue
- $522.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Portland, OR
- Founding
- Data as of
- 12/2023
- EIN
- 36-5051224
Organization Overview
Portland Fashion Institute is located in Portland, OR. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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 Fashion Institute 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 12/2023, Portland Fashion Institute generated $522.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $398.1k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PORTLAND FASHION INSTITUTE (PFI) AIMS TO BE THE BEST EDUCATION CENTER FOR APPAREL IN THE USA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEGREE PROGRAMS INSTRUCTION AND SUPPORT: 24 ENROLLED IN THE APPAREL DESIGNER PROGRAM, 7 IN APPAREL TECHNICAL DEVELOPER PROGRAM, 2 IN APPAREL ENTREPRENEUR PROGRAM AND 162 PER TERM FOR NON-DEGREE STUDENTS; 627 TOTAL STUDENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Freedman Registrar/secretary | OfficerTrustee | 40 | $44,125 |
Sharon Blair President | OfficerTrustee | 5 | $0 |
Darcy Cameron Treasurer | OfficerTrustee | 0.5 | $0 |
Adam Andreas Vice-President | OfficerTrustee | 0.5 | $0 |
Marjorie Skinner Vice-President | OfficerTrustee | 0.5 | $0 |
Cheryl Douratsos Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $520,986 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,580 |
| Compensation of current officers, directors, key employees. | $50,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,654 |
| Advertising and promotion | $64,780 |
| Office expenses | $3,686 |
| Information technology | $28,826 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $980 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,086 |
| All other expenses | $205 |
| Total functional expenses | $398,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,878 |
| Savings and temporary cash investments | $9,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $219,703 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,811 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,811 |
| Net assets without donor restrictions | $251,375 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $260,186 |