Multnomah University
- Assets
- $29.0m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 417
- Location
- Portland, OR
- Founding
- 06/1939
- Data as of
- 06/2022
- EIN
- 93-0398802
Organization Overview
Multnomah University is located in Portland, OR. The organization was established in 1939. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Multnomah University employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multnomah University 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 06/2022, Multnomah University generated $17.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $18.9m during the year ending 06/2022. While expenses have increased by 1.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF MULTNOMAH UNIVERSITY TO EQUIP CHRISTIAN STUDENTS THROUGH HIGHER EDUCATION TO BECOME BIBLICALLY COMPETENT, ACADEMICALLY PROFICIENT, SPIRITUALLY FORMED, AND CULTURALLY ENGAGED SERVANT LEADERS, SHAPED TO BE A TRANSFORMING FORCE IN THE CHURCH, COMMUNITY AND WORLD. THE UNIVERSITY PROVIDES STUDENTS ALL SERVICES NECESSARY FOR A COLLEGE EDUCATION AND ASSISTS, WHERE POSSIBLE, THOSE STUDENTS IN FINANCIAL NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CURRENT FISCAL YEAR THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS FOR APPROXIMATELY 156 SEMINARY AND 455 UNDERGRADUATE & MASTERS STUDENTS (TOTAL 611 STUDENTS).MULTNOMAH COMPLETED A 4 YEAR COMPREHENSIVE CAMPAIGN, ENDING WITH RAISING $20 MILLION. THE CAMPAIGN FOCUSED ON SEVERAL AREAS THAT WILL ENHANCE THE SCHOOL'S EDUCATION AND ATHLETIC OFFERINGS. A NEW YEAR-ROUND ATHLETIC FIELD WAS COMPLETED IN 2022 SO WE NOW HAVE THE ABILITY FOR OUR SOCCER AND LACROSSE PROGRAMS TO PRACTICE AND COMPETE ON CAMPUS. TWO NEW SCIENCE LABS WERE ALSO COMPLETED, WHICH WILL GREATLY EXPAND OUR SCIENCE COURSE OFFERINGS. THE CAMPAIGN ALSO SUPPORTED OUR INSTITUTIONAL AID TO OUR STUDENTS AND ASSISTED WITH UPGRADING VARIOUS AREAS OF TECHNOLOGY.ACADEMIC: THE IMPACT OF COVID EFFECTED OUR STUDENTS GREATLY, BUT WE WERE ABLE TO OFFER BOTH ONLINE AND IN PERSON CLASSES, AND GAVE AMPLE ROOM FOR SOCIAL DISTANCING TO CONTINUE TO OFFER A HIGHLY ENGAGED COMMUNITY BOTH ON AND OFF CAMPUS.ATHLETICS: WE LAUNCHED MEN'S AND WOMEN'S LACROSSE TEAMS. THEIR SEASONS BEGAN IN THE SPRING OF 2022. WE CURRENTLY ARE OFFERING 12 COMPETITIVE TEAMS IN BOTH MEN'S AND WOMEN'S ATHLETICS."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Williford President & CEO (thru 05/22) | Officer | 50 | $188,951 |
Ted Allen Exec Vice President | Officer | 50 | $145,945 |
Alin Vrancila Chief Academic Officer | Officer | 50 | $114,615 |
Robert Larson VP Of Advancement | Officer | 50 | $111,403 |
Regina Berquist VP Of Enrollment (thru 09/21) | Officer | 50 | $107,200 |
Joe Slavens VP Of Student Life | Officer | 50 | $104,018 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Duke Construction Construction | 6/29/22 | $581,810 |
Todd Construction Construction | 6/29/22 | $1,297,489 |
Pioneer College Caterers Food Service | 6/29/22 | $399,777 |
Carterbaldwin Executive Search Consulting | 6/29/22 | $126,891 |
Tg Three Marketing | 6/29/22 | $237,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,155,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,938,300 |
| Noncash contributions included in lines 1a–1f | $2,518,556 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,093,352 |
| Total Program Service Revenue | $11,251,000 |
| Investment income | $199,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,880,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,862,971 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $895,502 |
| Compensation of current officers, directors, key employees. | $340,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,466,579 |
| Pension plan accruals and contributions | $80,786 |
| Other employee benefits | $487,594 |
| Payroll taxes | $547,986 |
| Fees for services: Management | $862,830 |
| Fees for services: Legal | $18,959 |
| Fees for services: Accounting | $62,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,581 |
| Fees for services: Other | $0 |
| Advertising and promotion | $462,803 |
| Office expenses | $714,108 |
| Information technology | $468,769 |
| Royalties | $0 |
| Occupancy | $775,095 |
| Travel | $395,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,614 |
| Interest | $21,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $933,180 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,884,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,081,885 |
| Savings and temporary cash investments | $990,383 |
| Pledges and grants receivable | $368,529 |
| Accounts receivable, net | $600,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,302 |
| Prepaid expenses and deferred charges | $201,312 |
| Net Land, buildings, and equipment | $13,012,194 |
| Investments—publicly traded securities | $6,110,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,655,101 |
| Total assets | $29,044,106 |
| Accounts payable and accrued expenses | $798,667 |
| Grants payable | $0 |
| Deferred revenue | $207,093 |
| 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 | $3,414,532 |
| Total liabilities | $4,420,292 |
| Net assets without donor restrictions | $8,718,000 |
| Net assets with donor restrictions | $15,905,814 |
| 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 | $29,044,106 |