Portland State University Foundation
- Assets
- $160.7m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 73
- Location
- Portland, OR
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 93-0619733
Organization Overview
Portland State University Foundation is located in Portland, OR. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Portland State University Foundation employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland State University Foundation 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, Portland State University Foundation generated $33.1m 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 (6.9%) each year. All expenses for the organization totaled $24.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PORTLAND STATE UNIVERSITY FOUNDATION IS RESPONSIBLE FOR RAISING AND MANAGING PRIVATE RESOURCES TO ADVANCE PSU'S PRIORITIES AND MISSION TO BE A LEADING URBAN UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS PORTLAND STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, SUPPPORTING FACULTY RESEARCH AND INSTRUCTION, ENHANCING FACILITIES, AND NURTURING NEW PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2022, THE FOUNDATION AWARDED $15,890,692 TO THE UNIVERSITY; $5,229,995 FOR SCHOLARSHIPS AND FELLOWSHIPS, $2,549,680 FOR CAPITAL PROJECTS, $7,964,891 FOR ACADEMIC SUPPORT, AND $146,126 FOR ADMINISTRATIVE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Schwarz President CEO | Officer | 40 | $327,855 |
Stacey Henriquez Chief Financial & Admin | Officer | 40 | $207,931 |
Brian Hess Vice President Of Development | Officer | 40 | $183,542 |
Catherine Soulages Vice President Of Engmt. & Commns. | Officer | 40 | $176,294 |
Jaymee Jacoby Asst.vp Of Devel.,schools & Units | 40 | $134,211 | |
Karin Trumbo Asst. VP Devel. Prin. Gift & P G | 40 | $129,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $867,326 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,772,435 |
| Noncash contributions included in lines 1a–1f | $2,293,615 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,639,761 |
| Total Program Service Revenue | $8,575,603 |
| Investment income | $2,522,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,499,471 |
| Net Income from Fundraising Events | -$121,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,116,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,890,692 |
| 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. | $1,178,824 |
| Compensation of current officers, directors, key employees. | $481,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,227,432 |
| Pension plan accruals and contributions | $363,232 |
| Other employee benefits | $575,404 |
| Payroll taxes | $461,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,191 |
| Fees for services: Accounting | $82,466 |
| Fees for services: Lobbying | $3,481 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $283,757 |
| Advertising and promotion | $59,296 |
| Office expenses | $56,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,320 |
| Insurance | $30,740 |
| All other expenses | $0 |
| Total functional expenses | $24,116,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,453,161 |
| Pledges and grants receivable | $16,376,581 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,418 |
| Net Land, buildings, and equipment | $171,421 |
| Investments—publicly traded securities | $134,730,562 |
| Investments—other securities | $0 |
| Investments—program-related | $1,151,094 |
| Intangible assets | $0 |
| Other assets | -$389,752 |
| Total assets | $160,720,485 |
| Accounts payable and accrued expenses | $2,592,102 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $4,624,811 |
| Total liabilities | $7,221,913 |
| Net assets without donor restrictions | $9,175,965 |
| Net assets with donor restrictions | $144,322,607 |
| 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 | $160,720,485 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Portland State University Foundation has recieved totaling $266,738.
| Awarding Organization | Amount |
|---|---|
Oregon Scottish Rite Clinics Portland, OR PURPOSE: SPEECH AND LANGUAGE SCIENCES PROGRAM | $231,738 |
Ninety-Nine Girlfriends Portland, OR PURPOSE: TO HELP ACHIEVE GOALS TO GROW VISITING ARTIST AUDIENCE TO ENTIRE SCHOOL, PARTNER GRADUATE STUDENTS IN A MENTOR/MENTEE RELATIONSHIP AND EXPAND OFFERINGS LIKE KSMOCA TO SERVE STUDENTS IN THE ALBINA NEIGHBORHOOD THROUGH GRADE 12. | $35,000 |
Endowment Analysis
| Beg. Balance | $102,726,515 |
| Earnings | -$10,273,106 |
| Admin Expense | $1,237,345 |
| Net Contributions | $8,319,930 |
| Other Expense | $2,933,965 |
| Ending Balance | $96,602,029 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Campanile Foundation San Diego, CA | $517,706,793 | $63,277,722 |
Csula Auxiliary Services Inc Los Angeles, CA | $54,210,339 | $35,550,804 |