Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $638,682

• 1e · Government grants (contributions)

  $5,933

• 1f · All other contributions, gifts and grants

  $26,288,467

• 1g · Noncash contributions included above

  $1,324,073

• 2a · Program service revenue: CONTRACT SERVICE REVEN

  total $6,777,265 · related or exempt $6,777,265

• 2b · Program service revenue: OTHER PROGRAM SERVICE

  total $403,018 · related or exempt $403,018

• 2c · Program service revenue: SPECIAL EVENTS

  total $16,284 · related or exempt $16,284

• 3 · Investment income

  total $3,327,622 · unrelated business $12,517 · excluded $3,315,105

• 7a · Gross sales of assets other than inventory

  securities $17,282,464

• 7b · Less cost or other basis and sales expenses

  securities $15,989,067

• 7c · Gain or loss

  securities $1,293,397

• 7d · Net gain or loss

  total $1,293,397 · excluded $1,293,397

• 8a · Fundraising events: gross income

  $93,520

• 8a · Fundraising events: contributions included on line 1c

  $638,682

• 8b · Fundraising events: direct expenses

  $186,595

• 8c · Net income from fundraising events

  total -$93,075 · excluded -$93,075

• 9a · Gaming: gross income

  $9,676

• 9b · Gaming: direct expenses

  $4,757

• 9c · Net income from gaming

  total $4,919 · excluded $4,919

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $17,732,072 · program services $17,732,072

• 5 · Compensation of officers, directors and key employees

  total $1,236,994 · program services $21,429 · management and general $696,830 · fundraising $518,735

• 7 · Other salaries and wages

  total $4,827,446 · program services $391,134 · management and general $1,059,595 · fundraising $3,376,717

• 8 · Pension plan contributions

  total $274,480 · program services $25,433 · management and general $24,727 · fundraising $224,320

• 9 · Other employee benefits

  total $710,084 · program services $72,866 · management and general $221,519 · fundraising $415,699

• 10 · Payroll taxes

  total $529,062 · program services $40,040 · management and general $150,181 · fundraising $338,841

• 11b · Fees: legal

  total $43,629 · management and general $22,354 · fundraising $21,275

• 11c · Fees: accounting

  total $99,259 · management and general $99,259

• 11d · Fees: lobbying

  total $10,228 · program services $10,228

• 11f · Fees: investment management

  total $294,237 · management and general $294,237

• 11g · Fees: other

  total $306,751 · program services $19,166 · management and general $169,675 · fundraising $117,910

• 12 · Advertising and promotion

  total $49,897 · program services $566 · management and general $47,282 · fundraising $2,049

• 13 · Office expenses

  total $181,271 · program services $22,460 · management and general $66,719 · fundraising $92,092

• 14 · Information technology

  total $450,456 · program services $5,779 · management and general $155,993 · fundraising $288,684

• 16 · Occupancy

  total $9,880 · program services $4,361 · management and general $846 · fundraising $4,673

• 17 · Travel

  total $21,399 · program services $1,449 · management and general $7,706 · fundraising $12,244

• 19 · Conferences, conventions and meetings

  total $108,501 · program services $577 · management and general $44,037 · fundraising $63,887

• 22 · Depreciation, depletion and amortization

  total $108,998 · program services $1,928 · management and general $33,793 · fundraising $73,277

• 23 · Insurance

  total $41,881 · management and general $13,251 · fundraising $28,630

• 24a · Other expenses: CULTIVATION/STEWARDSHIP

  total $127,203 · program services $9,420 · management and general $18,295 · fundraising $99,488

• 24b · Other expenses: STAFF DEVELOPMENT

  total $66,830 · program services $538 · management and general $17,406 · fundraising $48,886

• 24c · Other expenses: ALUMNI ENGAGEMENT

  total $22,962 · program services $20,195 · management and general $2,457 · fundraising $310

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $520

• 2 · Savings and temporary cash investments

  beginning of year $8,453,161 · end of year $8,141,290

• 3 · Pledges and grants receivable

  beginning of year $16,376,581 · end of year $18,145,357

• 4 · Accounts receivable

  beginning of year $0 · end of year $58,034

• 9 · Prepaid expenses and deferred charges

  beginning of year $227,418 · end of year $350,715

• 10a · Land, buildings and equipment: cost or other basis

  $1,915,435

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,793,496

• 10c · Land, buildings and equipment, net

  beginning of year $171,421 · end of year $121,939

• 11 · Investments: publicly traded securities

  beginning of year $134,730,562 · end of year $133,982,010

• 12 · Investments: other securities

  end of year $7,634,653

• 13 · Investments: program-related

  beginning of year $1,151,094 · end of year $1,151,094

• 15 · Other assets

  beginning of year -$389,752 · end of year $4,799,215

• 17 · Accounts payable and accrued expenses

  beginning of year $2,592,102 · end of year $3,471,073

• 19 · Deferred revenue

  beginning of year $5,000 · end of year $28,500

• 25 · Other liabilities

  beginning of year $4,624,811 · end of year $4,350,643

• 27 · Net assets without donor restrictions

  beginning of year $9,175,965 · end of year $10,381,390

• 28 · Net assets with donor restrictions

  beginning of year $144,322,607 · end of year $156,153,221

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB FEES TOTALING $5,169 WERE PAID ON BEHALF OF SARAH SCHWARZ, PRESIDENT & CEO, IN THE CALENDAR YEAR. THE AMOUNT IS REPORTED ON SCHEDULE J, PART II, COL B (III).

PART I, LINE 4A

MARY CONIGLIO, FORMER EXECUTIVE DIRECTOR OF ALUMNI RELATIONS, RECEIVED A SEVERANCE PAYMENT OF $40,000.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BROADWAY HOUSING LLC

  HOUSING · OR · income $0 · assets $0

  Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION

• PSU IMPACT VENTURES LLC

  INVESTMENT · OR · income $0 · assets $104,740

  Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• PERPETUAL INCOME TRUST (1)

  PERPETUAL INCOME TRUST · OR

  Directly controlled by PORTLAND STATE UNIVERSITY FOUNDATION