Multnomah Athletic Club
- Assets
- $106.0m
- Revenue
- $39.1m
- Investments
- $0.0
- Employees
- 637
- Location
- Portland, OR
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 93-0232310
Organization Overview
Multnomah Athletic Club is located in Portland, OR. The organization was established in 1969. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Multnomah Athletic Club employed 637 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multnomah Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Multnomah Athletic Club generated $39.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $36.1m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE ATHLETIC CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MULTNOMAH ATHLETIC CLUB PURPOSE IS TO PROMOTE SPORTS, EXERCISE AND ATHLETICS OF EVERY KIND AND TO ENCOURAGE PHYSICAL FITNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Leverton III General Manager | Officer | 50 | $523,644 |
Philippe Boulot Executive Chef | 40 | $214,791 | |
John Stebis Senior Director Of Operations | 40 | $198,329 | |
Matthew Abraham Director Of Technology & Portfolio | 40 | $184,026 | |
Stephanie Cameron Director Of Communications | 40 | $156,724 | |
Jason M Amos Club Dierctor Of Engagement | 40 | $147,613 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lease Crutcher Lewis Llc Construction | 12/30/21 | $1,641,345 |
Ies Communications Llc Technology Consulting/construction | 12/30/21 | $786,622 |
As&p Billing Services Corp Janitorial Services | 12/30/21 | $272,625 |
Securitas Security Services Usa Inc Security Services | 12/30/21 | $508,129 |
Tech Heads Inc Technology Consulting/assistance | 12/30/21 | $490,482 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,727,209 |
| Investment income | $937,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,480 |
| Net Gain/Loss on Asset Sales | $2,565,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,364,326 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,135,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,377 |
| 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. | $569,834 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,288,378 |
| Pension plan accruals and contributions | $765,792 |
| Other employee benefits | $1,683,735 |
| Payroll taxes | $3,093,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,532 |
| Fees for services: Accounting | $81,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,021,156 |
| Advertising and promotion | $0 |
| Office expenses | $964,803 |
| Information technology | $808,786 |
| Royalties | $0 |
| Occupancy | $3,184,746 |
| Travel | $36,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $446,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,144,933 |
| Insurance | $0 |
| All other expenses | $1,562,175 |
| Total functional expenses | $36,101,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,155,143 |
| Savings and temporary cash investments | $12,333,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,349,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $267,293 |
| Prepaid expenses and deferred charges | $980,614 |
| Net Land, buildings, and equipment | $47,488,657 |
| Investments—publicly traded securities | $37,294,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,709 |
| Total assets | $105,959,978 |
| Accounts payable and accrued expenses | $3,157,963 |
| Grants payable | $0 |
| Deferred revenue | $11,199,374 |
| 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 | $14,357,337 |
| Net assets without donor restrictions | $91,602,641 |
| 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 | $105,959,978 |
Grants Awarded
Over the last fiscal year, Multnomah Athletic Club has awarded $73,377 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chantilly, VA PURPOSE: EMPLOYEE ASSISTANCE FUND | $57,832 |
Portland, OR PURPOSE: COMMUNITY GRANTS | $15,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
Monterey Peninsula Country Club Corp Pebble Beach, CA | $64,367,072 | $29,204,016 |
Hillcrest Country Club Los Angeles, CA | $41,243,354 | $25,586,349 |
Big Canyon Country Club Newport Beach, CA | $52,469,000 | $24,831,561 |
Jonathan Club Los Angeles, CA | $60,243,758 | $30,259,062 |
Los Angeles Country Club Los Angeles, CA | $94,895,978 | $18,517,076 |
Vintage Club Indian Wells, CA | $80,320,020 | $28,937,387 |
Boys And Girls Clubs Of King County Seattle, WA | $61,751,786 | $21,833,382 |
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |