Multnomah Athletic Club
- Assets
- $110.3m
- Revenue
- $52.1m
- Investments
- $0.0
- Employees
- 954
- Location
- Portland, OR
- Founding
- 04/1969
- Data as of
- 12/2023
- 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 12/2023, Multnomah Athletic Club employed 954 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 12/2023, Multnomah Athletic Club generated $52.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $51.3m during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
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 |
|---|---|---|---|
Nathan Ayotte Board President | OfficerTrustee | 25 | $0 |
Richard Maxwell Board Vice President | OfficerTrustee | 25 | $0 |
Alison Rosenblum Board Treasurer | OfficerTrustee | 20 | $0 |
Katherine Vanzanten Board Secretary | OfficerTrustee | 20 | $0 |
Ryan Chiotti Trustee | Trustee | 15 | $0 |
Jenny Kim Trustee | Trustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lease Crutcher Lewis Llc General Contractor | 12/30/23 | $1,027,759 |
Universal Protection Service Lp Dba Al Security Contract Labor | 12/30/23 | $767,360 |
Tech Heads Inc Technology Services | 12/30/23 | $545,111 |
Alliant Systems Hvac Maintenance | 12/30/23 | $405,057 |
Ies Communications Llc Technology Services | 12/30/23 | $339,745 |
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 | $44,892,349 |
| Investment income | $1,525,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $248 |
| Net Gain/Loss on Asset Sales | -$957,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,207,988 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,140,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,750 |
| 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. | $1,465,468 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,251,714 |
| Pension plan accruals and contributions | $852,279 |
| Other employee benefits | $6,291,873 |
| Payroll taxes | $1,069,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,907 |
| Fees for services: Accounting | $104,271 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,525,372 |
| Advertising and promotion | $7,289 |
| Office expenses | $1,285,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,622,316 |
| Travel | $219,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,265,864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,513,702 |
| Insurance | $2,441,020 |
| All other expenses | $2,006,171 |
| Total functional expenses | $51,293,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,288 |
| Savings and temporary cash investments | $21,968,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,231,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $438,686 |
| Prepaid expenses and deferred charges | $1,892,969 |
| Net Land, buildings, and equipment | $42,666,003 |
| Investments—publicly traded securities | $34,951,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $798,185 |
| Total assets | $110,296,093 |
| Accounts payable and accrued expenses | $5,144,208 |
| Grants payable | $0 |
| Deferred revenue | $10,564,216 |
| 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 | $840,778 |
| Total liabilities | $16,549,202 |
| Net assets without donor restrictions | $93,746,891 |
| 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 | $110,296,093 |
Grants Awarded
Over the last fiscal year, Multnomah Athletic Club has awarded $73,377 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MULTNOMAH ATHLETIC FOUNDATION PURPOSE: COMMUNITY GRANTS | $15,545 |
AMERICA'S CHARITIES PURPOSE: EMPLOYEE ASSISTANCE FUND | $57,832 |