Multnomah University
- Assets
- $31.8m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 462
- Location
- Portland, OR
- Founding
- 06/1939
- Data as of
- 06/2021
- 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 06/2021, Multnomah University employed 462 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 06/2021, Multnomah University generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $16.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 years. 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
IT IS THE MISISON 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 200 SEMINARY AND 500 UNDERGRADUATE & MASTERS STUDENTS (TOTAL 700 STUDENTS).MULTNOMAH COMPLETED A 4 YEAR COMPREHENSIVE CAMPAIGN, ENDING WITH A GOAL OF $18 MILLION. THE CAMPAIGN FOCUSED ON SEVERAL AREAS THAT WILL ENHANCE THE SCHOOL'S EDUCATION AND ATHLETIC OFFERINGS. CONSTRUCTION HAS BEGUN ON A YEAR ROUND ATHLETIC FIELD, WITH COMPLETION IN APRIL OF 2022. A SCIENCE LAB IS ALSO NEAR COMPLETION, WHICH WILL GREATLY EXPAND OUR SCIENCE COURSES. 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 ALL OF OUR COURSES, GIVE AMPLE ROOM FOR SOCIAL DISTANCING AND CONTINUE TO OFFER A HIGHLY ENGAGED COMMUNITY BOTH ON AND OFF CAMPUS. ATHLETICS: WE LAUNCHED MEN'S AND WOMEN'S LACROSSE TEAMS. THEIR SEASONS WILL BEGIN IN 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 | Officer | 50 | $124,596 |
Robert D Larson Vice President | Officer | 50 | $110,286 |
Regina Berquist Vice President | Officer | 50 | $100,013 |
Jessica Taylor Vice President | Officer | 50 | $99,961 |
Ted Allen Vice President | Officer | 50 | $91,147 |
Austin Hodges Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Service | 6/29/21 | $293,038 |
Tg Three Llc Marketing | 6/29/21 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,897,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,598,661 |
| Noncash contributions included in lines 1a–1f | $11,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,495,961 |
| Total Program Service Revenue | $10,633,134 |
| Investment income | $112,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,061 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,256,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,691,369 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $964,326 |
| Compensation of current officers, directors, key employees. | $443,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,997,971 |
| Pension plan accruals and contributions | $84,002 |
| Other employee benefits | $626,915 |
| Payroll taxes | $594,295 |
| Fees for services: Management | $587,389 |
| Fees for services: Legal | $18,512 |
| Fees for services: Accounting | $38,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $360,067 |
| Office expenses | $326,000 |
| Information technology | $564,001 |
| Royalties | $0 |
| Occupancy | $648,701 |
| Travel | $174,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,031,274 |
| Insurance | $0 |
| All other expenses | $63,550 |
| Total functional expenses | $16,698,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,045 |
| Savings and temporary cash investments | $5,015,579 |
| Pledges and grants receivable | $394,276 |
| Accounts receivable, net | $489,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,153 |
| Prepaid expenses and deferred charges | $182,843 |
| Net Land, buildings, and equipment | $11,172,892 |
| Investments—publicly traded securities | $7,564,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,238,244 |
| Total assets | $31,830,186 |
| Accounts payable and accrued expenses | $987,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,498,455 |
| Total liabilities | $4,486,015 |
| Net assets without donor restrictions | $10,235,000 |
| Net assets with donor restrictions | $17,109,171 |
| 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 | $31,830,186 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Multnomah University has recieved totaling $14,996.
| Awarding Organization | Amount |
|---|---|
Fitsen Inc Medford, OR PURPOSE: SCHOLARSHIP | $14,500 |
Pearl C Unger Unitrust 16815 Nect Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $496 |
Endowment Analysis
| Beg. Balance | $7,888,218 |
| Earnings | $953,271 |
| Net Contributions | $6,590 |
| Grants | $171,524 |
| Ending Balance | $8,676,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Western School Of Law San Diego, CA | $69,688,098 | $48,863,777 |
Keck Graduate Institute Claremont, CA | $121,856,519 | $41,890,021 |
Marshall B Ketchum University Fullerton, CA | $105,970,455 | $47,583,305 |
Southern California University Of Health Sciences Whittier, CA | $39,889,743 | $44,008,074 |
Palo Alto University Inc Palo Alto, CA | $37,743,432 | $38,449,514 |
Pacific Northwest University Of Health Sciences Yakima, WA | $115,542,544 | $45,493,923 |
Uc Berkeley Center For Executive Education Berkeley, CA | $14,411,646 | $24,161,289 |
Life Chiropractic College West Hayward, CA | $30,632,289 | $21,817,689 |
Fielding Graduate University Santa Barbara, CA | $38,250,030 | $25,475,508 |
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
Multnomah University Portland, OR | $31,830,186 | $15,256,009 |
Wright Institute Berkeley, CA | $28,173,670 | $16,770,770 |