University Of Portland
- Assets
- $712.3m
- Revenue
- $239.9m
- Investments
- $288.3m
- Employees
- 2,620
- Location
- Portland, OR
- Founding
- 11/1936
- Data as of
- 06/2022
- EIN
- 93-0401259
Organization Overview
University Of Portland is located in Portland, OR. The organization was established in 1936. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, University Of Portland employed 2,620 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Portland 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, University Of Portland generated $239.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $250.3m during the year ending 06/2022. While expenses have increased by 3.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF PORTLAND, AN INDEPENDENTLY GOVERNED CATHOLIC UNIVERSITY GUIDED BY THE CONGREGATION OF HOLY CROSS, ADDRESSES SIGNIFICANT QUESTIONS OF HUMAN CONCERN THROUGH INTERDISCIPLINARY STUDIES OF THE ARTS, SCIENCES, AND HUMANITIES AND THROUGH STUDIES IN MAJORS AND PROFESSIONAL PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS. AS A DIVERSE COMMUNITY OF SCHOLARS DEDICATED TO EXCELLENCE AND INNOVATION, WE PURSUE TEACHING AND LEARNING, FAITH AND FORMATION, LEADERSHIP AND SERVICE IN THE CLASSROOM, RESIDENCE HALLS, AND ALL ACTIVITIES OF CAMPUS LIFE. BECAUSE WE VALUE THE DEVELOPMENT OF THE ENTIRE PERSON, THE UNIVERSITY HONORS FAITH AND REASON AS WAYS OF KNOWING, PROMOTES ETHICAL REFLECTION, AND PREPARES PEOPLE WHO RESPOND TO THE NEEDS OF THE WORLD AND ITS HUMAN FAMILY.
Describe the Organization's Program Activity:
POST-SECONDARY EDUCATION: THE PRIMARY MISSION OF THE UNIVERSITY OF PORTLAND IS EDUCATION. 4,033 UNDERGRADUATE AND GRADUATE STUDENTS WERE ENROLLED IN 2021/2022 IN THE COLLEGE OF ARTS AND SCIENCES, PAMPLIN SCHOOL OF BUSINESS ADMINISTRATION, SCHOOL OF EDUCATION, SCHOOL OF NURSING, AND SHILEY SCHOOL OF ENGINEERING. THE UNIVERSITY HAS BEEN REPEATEDLY RECOGNIZED AS ONE OF THE TOP TEN MASTER'S UNIVERSITIES IN THE WEST. AN INTEGRAL PART OF OUR MISSION IS THE PROVISION OF STUDENT FINANCIAL AID TO HELP STUDENTS PURSUE THEIR EDUCATION. A HIGH-QUALITY, PERSONALIZED EDUCATION AT THE UNIVERSITY OF PORTLAND IS AN INVESTMENT IN EACH STUDENT'S FUTURE SUCCESS. WE RECOGNIZE THAT SOME STUDENTS AND THEIR FAMILIES MAY NEED ASSISTANCE TO MEET SOME OF THEIR COLLEGE COSTS, AND WE STRIVE TO HELP FILL THE GAP BETWEEN THE COST OF ATTENDANCE AND FUNDS AVAILABLE TO EACH STUDENT. WE CONNECT STUDENTS WITH A WIDE RANGE OF INTERNAL AND EXTERNAL FUNDING OPTIONS, BUT THE EXPENSES INCLUDED IN THIS CATEGORY REFLECT SCHOLARSHIPS AND GRANTS THROUGH INSTITUTIONAL FUNDS, ANNUAL AND ENDOWED GIFTS, AND MATCHING OF GOVERNMENT FUNDS.
EXTRACURRICULAR PROGRAMS, STUDENT SERVICES AND CAMPUS LIFE: THE UNIVERSITY OF PORTLAND RECOGNIZES THAT AN EDUCATION SHOULD DEVELOP THE ENTIRE PERSON AND ACCORDINGLY MAINTAINS DIVERSE AND COMPREHENSIVE EXTRACURRICULAR PROGRAMS ON CAMPUS. EXPENSES AND REVENUES LISTED ABOVE INCLUDE RESIDENCE HALLS, DINING, NCAA DIVISION I ATHLETICS, INTERNATIONAL STUDENT SERVICES, HEALTH AND CAREER SERVICES, ADMISSIONS, REGISTRAR, STUDENT GOVERNMENT AND ACTIVITIES, FINANCIAL AID, AND INTRAMURALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shantay A Legans Head Men's Basketball Coach | 40 | $474,336 | |
Herbert A Medina Provost/interim President | OfficerTrustee | 40 | $317,073 |
Thomas G Greene Provost (officer) | 40 | $304,393 | |
Alan P Timmins VP For Financial Affairs (officer) | 40 | $293,716 | |
Scott R Leykam VP For Athletics | Officer | 40 | $248,480 |
J Bryce Strang VP For University Relations | Officer | 40 | $253,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lease Crutcher Lewis General Contractor | 6/29/22 | $14,307,793 |
Bon Appetit Management Co Food Service | 6/29/22 | $9,008,565 |
Eab Global Education Technology Services | 6/29/22 | $1,691,535 |
Pacificsource Health Plans Healthcare Services | 6/29/22 | $1,569,029 |
Kaiser Foundation Health Plan Health Insurance Plan | 6/29/22 | $8,456,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,975 |
| Related organizations | $0 |
| Government grants | $7,770,979 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,126,678 |
| Noncash contributions included in lines 1a–1f | $419,440 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,918,632 |
| Total Program Service Revenue | $220,687,428 |
| Investment income | $421,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,846 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,821,405 |
| Net Income from Fundraising Events | $8,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,874,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,304 |
| Grants and other assistance to domestic individuals. | $99,422,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,990,705 |
| Compensation of current officers, directors, key employees. | $2,474,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,755,321 |
| Pension plan accruals and contributions | $4,477,086 |
| Other employee benefits | $12,708,470 |
| Payroll taxes | $5,355,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $647,802 |
| Fees for services: Accounting | $133,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,804 |
| Fees for services: Other | $16,063,600 |
| Advertising and promotion | $1,112,372 |
| Office expenses | $4,004,486 |
| Information technology | $2,673,436 |
| Royalties | $12,886 |
| Occupancy | $6,113,321 |
| Travel | $4,808,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,399,699 |
| Interest | $3,250,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,853,365 |
| Insurance | $2,075,449 |
| All other expenses | $9,347,986 |
| Total functional expenses | $250,316,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,997 |
| Savings and temporary cash investments | $34,390,608 |
| Pledges and grants receivable | $10,072,476 |
| Accounts receivable, net | $1,584,107 |
| Loans from Officers, Directors, or Controlling Persons | $3,250 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,416,258 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $432,032 |
| Net Land, buildings, and equipment | $330,383,243 |
| Investments—publicly traded securities | $39,773,000 |
| Investments—other securities | $288,311,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,927,421 |
| Total assets | $712,308,392 |
| Accounts payable and accrued expenses | $15,781,810 |
| Grants payable | $0 |
| Deferred revenue | $5,304,093 |
| Tax-exempt bond liabilities | $72,690,097 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $210,321 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,082,071 |
| Total liabilities | $107,068,392 |
| Net assets without donor restrictions | $299,477,000 |
| Net assets with donor restrictions | $305,763,000 |
| 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 | $712,308,392 |
Grants Awarded
Over the last fiscal year, University Of Portland has awarded $17,080 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY CROSS MISSION CENTER PURPOSE: General Support | $10,330 |
FULCRUM FOUNDATION PURPOSE: General Support | $6,750 |