Portland State University Foundation
- Assets
- $174.4m
- Revenue
- $38.7m
- Investments
- $7.6m
- Employees
- 83
- Location
- Portland, OR
- Founding
- 01/1964
- Data as of
- 06/2023
- 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 06/2023, Portland State University Foundation employed 83 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 06/2023, Portland State University Foundation generated $38.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $27.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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
2023
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:
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, 2023, THE FOUNDATION AWARDED $17,732,072 TO THE UNIVERSITY; $4,746,726 FOR SCHOLARSHIPS AND FELLOWSHIPS, $4,046,998 FOR CAPITAL PROJECTS, $8,721,706 FOR ACADEMIC SUPPORT, AND $216,642 FOR ADMINISTRATIVE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keren Brown Wilson Chair | OfficerTrustee | 1 | $0 |
Al Barkouli Vice Chair | OfficerTrustee | 1 | $0 |
Jon Owens Treasurer | OfficerTrustee | 1 | $0 |
Marcia Mason Secretary | OfficerTrustee | 1 | $0 |
Don Vollum Trustee | Trustee | 1 | $0 |
Jeff Eulberg Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $638,682 |
| Related organizations | $0 |
| Government grants | $5,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,288,467 |
| Noncash contributions included in lines 1a–1f | $1,324,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,933,082 |
| Total Program Service Revenue | $7,196,567 |
| Investment income | $3,327,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,293,397 |
| Net Income from Fundraising Events | -$93,075 |
| Net Income from Gaming Activities | $4,919 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,662,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,732,072 |
| 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. | $1,236,994 |
| Compensation of current officers, directors, key employees. | $696,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,827,446 |
| Pension plan accruals and contributions | $274,480 |
| Other employee benefits | $710,084 |
| Payroll taxes | $529,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,629 |
| Fees for services: Accounting | $99,259 |
| Fees for services: Lobbying | $10,228 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $294,237 |
| Fees for services: Other | $306,751 |
| Advertising and promotion | $49,897 |
| Office expenses | $181,271 |
| Information technology | $450,456 |
| Royalties | $0 |
| Occupancy | $9,880 |
| Travel | $21,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,998 |
| Insurance | $41,881 |
| All other expenses | $0 |
| Total functional expenses | $27,253,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520 |
| Savings and temporary cash investments | $8,141,290 |
| Pledges and grants receivable | $18,145,357 |
| Accounts receivable, net | $58,034 |
| 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 | $350,715 |
| Net Land, buildings, and equipment | $121,939 |
| Investments—publicly traded securities | $133,982,010 |
| Investments—other securities | $7,634,653 |
| Investments—program-related | $1,151,094 |
| Intangible assets | $0 |
| Other assets | $4,799,215 |
| Total assets | $174,384,827 |
| Accounts payable and accrued expenses | $3,471,073 |
| Grants payable | $0 |
| Deferred revenue | $28,500 |
| 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 | $4,350,643 |
| Total liabilities | $7,850,216 |
| Net assets without donor restrictions | $10,381,390 |
| Net assets with donor restrictions | $156,153,221 |
| 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 | $174,384,827 |