Totals
- Total revenue
- $4,695,280
- Total expenses
- $3,475,550
- Contributions and grants received
- $3,429,621
- Grants paid
- $1,251,927
- Program service revenue
- $15,111
- Investment income
- $1,539,095
- Other revenue
- -$288,547
- Total assets, end of year
- $45,088,238
- Total liabilities, end of year
- $2,811,832
- Net assets or fund balances, end of year
- $42,276,406
- Program services expenses (Part IX)
- $2,873,713
- Management and general expenses
- $582,787
- Fundraising expenses
- $19,050
- Program service expenses (Part III)
- $2,873,713
Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$40,570
-
1f · All other contributions, gifts and grants
$3,389,051
-
1g · Noncash contributions included above
$16,809
-
2a · Program service revenue: MISCELLANEOUS REVENUE
total $8,408 · excluded $8,408
-
2b · Program service revenue: SALE OF MERCHANDISE
total $6,703 · excluded $6,703
-
3 · Investment income
total $1,386,759 · excluded $1,386,759
-
7a · Gross sales of assets other than inventory
securities $11,435,710 · other assets $320,000
-
7b · Less cost or other basis and sales expenses
securities $11,433,374 · other assets $170,000
-
7c · Gain or loss
securities $2,336 · other assets $150,000
-
7d · Net gain or loss
total $152,336 · related or exempt $152,336
-
8a · Fundraising events: gross income
$28,700
-
8a · Fundraising events: contributions included on line 1c
$40,570
-
8b · Fundraising events: direct expenses
$53,311
-
8c · Net income from fundraising events
total -$24,611 · excluded -$24,611
-
11a · Other revenue: PARTNERSHIP GAIN
total $25,618 · unrelated business $25,618
-
11b · Other revenue: PARTNERSHIP INCOME (LOSS)
total -$289,554 · unrelated business -$289,554
-
11e · Other revenue, total
-$263,936
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,251,927 · program services $1,251,927
-
7 · Other salaries and wages
total $326,038 · program services $97,820 · management and general $209,168 · fundraising $19,050
-
11b · Fees: legal
total $1,140 · management and general $1,140
-
11c · Fees: accounting
total $36,739 · management and general $36,739
-
11f · Fees: investment management
total $112,461 · program services $112,461
-
11g · Fees: other
total $85,270 · management and general $85,270
-
12 · Advertising and promotion
total $15,913 · management and general $15,913
-
13 · Office expenses
total $52,047 · management and general $52,047
-
14 · Information technology
total $74,210 · management and general $74,210
-
16 · Occupancy
total $20,034 · management and general $20,034
-
17 · Travel
total $41,934 · management and general $41,934
-
23 · Insurance
total $7,971 · program services $1,698 · management and general $6,273
-
24a · Other expenses: ACADEMICS, ATHLETICS, S
total $1,022,119 · program services $1,022,119
-
24b · Other expenses: OTHER PROGRAM SERVICES
total $239,760 · program services $239,760
-
24c · Other expenses: OTHER INVESTMENT EXPENS
total $86,643 · program services $86,643
-
24d · Other expenses: GENERAL UNIVERSITY SUPP
total $59,278 · program services $59,278
-
24e · All other expenses
total $42,066 · program services $2,007 · management and general $40,059
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,695 · end of year $1,955
-
2 · Savings and temporary cash investments
beginning of year $3,828,988 · end of year $2,545,609
-
3 · Pledges and grants receivable
beginning of year $1,423,283 · end of year $1,412,088
-
4 · Accounts receivable
beginning of year $2,741 · end of year $9,133
-
9 · Prepaid expenses and deferred charges
beginning of year $55,698 · end of year $43,857
-
10a · Land, buildings and equipment: cost or other basis
$35,000
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $205,000 · end of year $35,000
-
11 · Investments: publicly traded securities
beginning of year $28,520,792 · end of year $26,197,090
-
12 · Investments: other securities
beginning of year $6,631,105 · end of year $13,064,945
-
14 · Intangible assets
beginning of year $0 · end of year $811,851
-
15 · Other assets
beginning of year $878,996 · end of year $966,710
-
17 · Accounts payable and accrued expenses
beginning of year $1,360,253 · end of year $165,216
-
21 · Escrow or custodial account liability
beginning of year $1,518,018 · end of year $1,566,119
-
25 · Other liabilities
beginning of year $517,883 · end of year $1,080,497
-
27 · Net assets without donor restrictions
beginning of year $13,048,892 · end of year $14,492,356
-
28 · Net assets with donor restrictions
beginning of year $25,145,252 · end of year $27,784,050
Mission and programs · 2023
Mission
THE MISSION OF THE OREGON TECH FOUNDATION IS TO PROMOTE EDUCATIONAL, CULTURAL, CHARITABLE, AND SERVICE FUNCTIONS OF THE OREGON INSTITUTE OF TECHNOLOGY.
-
TO PROVIDE SCHOLARSHIPS TO STUDENTS OF OREGON INSTITUTE OF TECHNOLOGY. STUDENTS RECEIVED SCHOLARSHIPS BASED ON MERIT, NEED AND OTHER FACTORS.
Expenses $1,251,927 · Grants $1,251,927
-
CAPITAL PROJECTS (NEW BUILDINGS, CLASSROOMS AND REMODEL)
Expenses $2,007
-
ACADEMICS, ATHLETICS AND STUDENT ACTIVITIES
Expenses $1,022,119
-
OTHER PROGRAM SERVICES
Expenses $597,660
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alan PolaskiALAN POLASKI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Christine ManganCHRISTINE MANGAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Don JohnsonDON JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Jim BlairJIM BLAIR
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Dee ThompsonDEE THOMPSON
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Jim HackettJIM HACKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert NeathamerROBERT NEATHAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James DehoogJAMES DEHOOG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ann CavanaughANN CAVANAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sarah DammenSARAH DAMMEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bill DewittBILL DEWITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James MonroeJAMES MONROE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Parke BlundonPARKE BLUNDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tim QuincyTIM QUINCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jon EkstromJON EKSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bob KingzettBOB KINGZETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dan WithersDAN WITHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Donald YoungDONALD YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gerald FreschiGERALD FRESCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Darrel SamuelsDARREL SAMUELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Doug PrattDOUG PRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rick WhitlockRICK WHITLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Alan ParksALAN PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Steven HydeSTEVEN HYDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349314983
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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