National University Of Natural Medicine
- Assets
- $15.7m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 489
- Location
- Portland, OR
- Founding
- 04/1959
- Data as of
- 06/2023
- EIN
- 93-0461940
Organization Overview
National University Of Natural Medicine is located in Portland, OR. The organization was established in 1959. 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, National University Of Natural Medicine employed 489 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National University Of Natural Medicine 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 06/2023, National University Of Natural Medicine generated $17.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $16.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF NATURAL MEDICINE - AN EDUCATIONAL INSTITUTION TO EDUCATE AND TRAIN PHYSICIANS OF NATURAL MEDICINE.
NATURAL CLINIC - A MEDICINAL CLINIC SERVING THE GENERAL PUBLIC USING PHYSICIANS OF NATURAL MEDICINE AND PROVIDING EXPERIENCE TO STUDENTS OF THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adina Matasaru Past Board Chair | OfficerTrustee | 2 | $0 |
Winston Cardwell Board Director | OfficerTrustee | 2 | $0 |
Ron Brey Board Treasurer | Trustee | 2 | $0 |
Leah Hollon Board Vice Chair | OfficerTrustee | 2 | $0 |
Noel Snodgrass Board Chair | OfficerTrustee | 2 | $0 |
Michael J Cronin Board Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,513,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $796,020 |
| Noncash contributions included in lines 1a–1f | $57,554 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,309,956 |
| Total Program Service Revenue | $12,632,272 |
| Investment income | $89,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,200 |
| Net Gain/Loss on Asset Sales | $1,721,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $46,255 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,988,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $521,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $664,011 |
| Compensation of current officers, directors, key employees. | $637,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,423,085 |
| Pension plan accruals and contributions | $116,551 |
| Other employee benefits | $678,323 |
| Payroll taxes | $851,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $845,592 |
| Advertising and promotion | $109,465 |
| Office expenses | $316,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,580,160 |
| Travel | $348,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,753 |
| Insurance | $292,122 |
| All other expenses | $85,520 |
| Total functional expenses | $16,217,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,369,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $348,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $142,610 |
| Inventories for sale or use | $77,028 |
| Prepaid expenses and deferred charges | $80,308 |
| Net Land, buildings, and equipment | $7,205,138 |
| Investments—publicly traded securities | $3,295,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,195,441 |
| Total assets | $15,713,697 |
| Accounts payable and accrued expenses | $1,083,410 |
| Grants payable | $0 |
| Deferred revenue | $237,631 |
| 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 | $1,203,618 |
| Total liabilities | $2,524,659 |
| Net assets without donor restrictions | $11,109,242 |
| Net assets with donor restrictions | $2,079,796 |
| 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 | $15,713,697 |