Multnomah Athletic Foundation Inc
- Assets
- $3.3m
- Revenue
- $412.8k
- Investments
- $2.9m
- Employees
- 2
- Location
- Portland, OR
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 93-1014651
Organization Overview
Multnomah Athletic Foundation Inc is located in Portland, OR. The organization was established in 1994. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Multnomah Athletic Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multnomah Athletic Foundation Inc 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, Multnomah Athletic Foundation Inc generated $412.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $415.0k during the year ending 06/2022. While expenses have increased by 6.2% 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.
Since 2016, Multnomah Athletic Foundation Inc has awarded 23 individual grants totaling $158,459. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES GRANTS AND SCHOLARSHIPS FOR YOUTH TO INCREASE ACCESS TO EDUCATION AND ATHLETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUALS WHO DEMONSTRATE ACADEMIC AND ATHLETIC ACCOMPLISHMENTS AND WHO HAVE FINANCIAL NEED IN PURSUING THEIR EDUCATION. THE SCHOLARSHIP FUNDS ARE AWARDED IN MEMORY OF SEVERAL INSPIRATIONAL EMPLOYEES AND ATHLETES OF THE MULTNOMAH ATHLETIC CLUB. WE PROVIDED THE JOE LOPRINZI, FAY SASSER, HOUSER, MEL FOX SCHOLARSHIPS, JOHNSON, AND MICHAEL S. MILLER TO 30 RECIPIENTS IN AMOUNT RANGING FROM $1,000 TO $10,000. WE PROVIDED THE JAMES F. AND MARION L. MILLER SCHOLAR ATHLETE SCHOLARSHIP UP TO THIRTY HIGH SCHOOL SENIORS FROM THE PORTLAND OREGON METROPOLITAN AREA. EACH RECIPIENT RECEIVES A $1,500 AWARD TO THE COLLEGE OR UNIVERSITY OF THEIR CHOICE.
THE FOUNDATION PROVIDES COMMUNITY GRANTS TO NONPROFIT ORGANIZATIONS AND THEIR PROGRAMS. IN JULY 2021 TO JUNE 2022, WE AWARDED 20 GRANTS TO PROVIDE FUNDING FOR YOUTH ATHLETIC PARTICIPATION WITH LIMITED ACCESS AND OPPORTUNITY. OUR MISSION AND FUNDING STRIVES TO SUPPORT YOUTH ATHLETICS, WHICH PROMOTES DISCIPLINE, LEADERSHIP, SKILL DEVELOPMENT AND SELF CONFIDENCE. IN 2021-2022 OUR GRANTS SUPPORTED GENERAL PROGRAM SUPPORT, AS WELL AS BASKETBALL, BICYCLING, TRACK AND FIELD, RACQUET SPORTS, SOCCER, OUTDOOR PROGRAMMING, AQUATICS, HIKING, SUMMER CAMPS AND AFTER SCHOOL ATHLETIC/ EDUCATIONAL ACTIVITIES.
THE FOUNDATION CONTINUED ITS GRANTMAKERS PROGRAM CALLED YOUTH GRANT INITIATIVE. THE PROGRAM DESIGNED FOR 7TH AND 8TH GRADERS PROVIDES PROGRAMMING AND THE OPPORTUNITY TO EXPERIENCE PHILANTROPHY. THE PROGRAM WAS STARTED IN 2018 AND PROVIDED THE EXPERIENCE FOR 10 YOUTH AS THEY AWARDED $5,000 IN FUNDING UNDER THE FOUNDATION BOARD'S OVERSIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Burczak Co-Chair | OfficerTrustee | 2 | $0 |
Randy Choy Co-Chair | OfficerTrustee | 2 | $0 |
Maryam Bolouri Treasurer | OfficerTrustee | 2 | $0 |
Debbie Williams Secretary | OfficerTrustee | 2 | $0 |
Tom Brugato Director | Trustee | 2 | $0 |
Brian Donkersley Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,253 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,800 |
| Noncash contributions included in lines 1a–1f | $13,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,053 |
| Total Program Service Revenue | $0 |
| Investment income | $20,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,250 |
| Net Income from Fundraising Events | $30,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,200 |
| Grants and other assistance to domestic individuals. | $92,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,679 |
| Compensation of current officers, directors, key employees. | $47,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,538 |
| Payroll taxes | $10,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,612 |
| Fees for services: Other | $4,295 |
| Advertising and promotion | $3,184 |
| Office expenses | $14,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,500 |
| All other expenses | $9,178 |
| Total functional expenses | $414,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,648 |
| Savings and temporary cash investments | $200,023 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,939,446 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,279,117 |
| Accounts payable and accrued expenses | $13,638 |
| Grants payable | $263,783 |
| 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 | $0 |
| Total liabilities | $277,421 |
| Net assets without donor restrictions | $2,960,210 |
| Net assets with donor restrictions | $41,486 |
| 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 | $3,279,117 |
Grants Awarded
Over the last fiscal year, Multnomah Athletic Foundation Inc has awarded $72,559 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ELEVATE OREGON PURPOSE: SUPPORTING HEALTHY SUMMER CONNECTION IN PARKROSE THROUGH ACTIVITY AND BASKETBALL CAMPS | $8,000 |
ELITE SPORTS ACADEMY PURPOSE: ELITE SPORTS ACADEMY SUMMER CAMP 2022 | $7,500 |
PORTLAND COMMUNITY FOOTBALL CLUB PURPOSE: PROVIDING HIGH QUALITY SOCCER TO UNDERSERVED YOUTH | $7,250 |
ADAPTIVE SPORTS NORTHWEST PURPOSE: BUILDING ORGANIZATIONAL CAPACITY FOR YOUTH SPORTS | $7,000 |
BRIDGE CITY SOCCER ACADEMY PURPOSE: BCSA COMMUNITY IMPACT PROGRAM | $6,650 |
INNERCITY BASKETBALL PURPOSE: HELPING YOUTH SUCCEED THROUGH BASKETBALL | $6,000 |