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Nonprofiteer
← MULTNOMAH UNIVERSITY

Form 990 for tax year 2023

Filed by MULTNOMAH UNIVERSITY.

Totals

Total revenue
$17,845,636
Total expenses
$32,466,109
Contributions and grants received
$7,779,650
Grants paid
$18,583,534
Program service revenue
$9,590,416
Investment income
$475,570
Other revenue
$0
Total assets, end of year
$8,400,340
Total liabilities, end of year
$3,688,624
Net assets or fund balances, end of year
$4,711,716
Program services expenses (Part IX)
$27,387,729
Management and general expenses
$4,815,783
Fundraising expenses
$262,597
Program service expenses (Part III)
$27,387,729

Program services were 84.4% 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.

  • 1f · All other contributions, gifts and grants

    $7,779,650

  • 2a · Program service revenue: ROOM & BOARD

    total $1,988,191 · excluded $1,988,191

  • 2b · Program service revenue: TUITION

    total $7,602,225 · related or exempt $7,602,225

  • 3 · Investment income

    total $145,312 · excluded $145,312

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $4,766,836

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

    securities $4,436,578

  • 7c · Gain or loss

    securities $330,258

  • 7d · Net gain or loss

    total $330,258 · related or exempt $330,258

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,506,000 · program services $12,506,000

  • 2 · Grants to domestic individuals

    total $6,077,534 · program services $6,077,534

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $477,154 · program services $145,910 · management and general $256,269 · fundraising $74,975

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,020,600 · program services $4,610,588 · management and general $2,316,199 · fundraising $93,813

  • 8 · Pension plan contributions

    total $84,884 · program services $48,379 · management and general $30,708 · fundraising $5,797

  • 9 · Other employee benefits

    total $416,511 · program services $242,562 · management and general $153,962 · fundraising $19,987

  • 10 · Payroll taxes

    total $845,653 · program services $506,051 · management and general $321,207 · fundraising $18,395

  • 11a · Fees: management

    total $435,008 · management and general $435,008

  • 11b · Fees: legal

    total $125,938 · management and general $125,938

  • 11c · Fees: accounting

    total $68,350 · management and general $68,350

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $21,515 · management and general $21,515

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $468,485 · program services $275,449 · management and general $171,417 · fundraising $21,619

  • 13 · Office expenses

    total $469,594 · program services $458,729 · management and general $9,288 · fundraising $1,577

  • 14 · Information technology

    total $532,328 · program services $43,581 · management and general $478,632 · fundraising $10,115

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $814,754 · program services $732,397 · management and general $82,357

  • 17 · Travel

    total $410,546 · program services $373,790 · management and general $27,497 · fundraising $9,259

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $84,099 · program services $25,686 · management and general $58,413

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $696,657 · program services $696,657

  • 23 · Insurance

    total $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $475,759 · program services $427,498 · management and general $48,072 · fundraising $189

  • 24b · Other expenses: LICENSES & FEES

    total $325,928 · program services $177,471 · management and general $141,977 · fundraising $6,480

  • 24c · Other expenses: BAD DEBT

    total $68,974 · management and general $68,974

  • 24d · Other expenses: OTHER

    total $39,838 · program services $39,447 · fundraising $391

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,018 · end of year $469,607

  • 2 · Savings and temporary cash investments

    beginning of year $247,032 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $123,283 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,825,627 · end of year $585,566

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $33,996 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,408 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $12,824,477 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,324,767 · end of year $1,523,135

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $5,745,313 · end of year $5,822,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,170,171 · end of year $921,781

  • 19 · Deferred revenue

    beginning of year $275,254

  • 23 · Secured mortgages and notes payable

    beginning of year $3,200,000

  • 25 · Other liabilities

    beginning of year $3,321,307 · end of year $2,766,843

  • 27 · Net assets without donor restrictions

    beginning of year $5,407,116 · end of year $1,033,001

  • 28 · Net assets with donor restrictions

    beginning of year $13,925,073 · end of year $3,678,715

Mission and programs · 2023

Mission

IT IS THE MISSION OF MULTNOMAH UNIVERSITY TO EQUIP CHRISTIAN STUDENTS THROUGH HIGHER EDUCATION TO BECOME BIBLICALLY COMPETENT, ACADEMICALLY PROFICIENT, SPIRITUALLY FORMED, AND CULTURALLY ENGAGED SERVANT LEADERS, SHAPED TO BE A TRANSFORMING FORCE IN THE CHURCH, COMMUNITY

  • DURING THE CURRENT FISCAL YEAR THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS FOR APPROXIMATELY 70 SEMINARY AND 245 UNDERGRADUATE & MASTERS STUDENTS (TOTAL 315 STUDENTS).

    Expenses $27,387,729 · Grants $18,583,534 · Revenue $17,370,066

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jessica Taylor

    President

    Total calculated
    $159,127
    From this org
    $155,104
    From related orgs
    $0
    Other
    $4,023
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,104
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $4,023
    Filer's total
    $159,127

  • Alin Vrancila

    Vice President

    Total calculated
    $156,320
    From this org
    $149,767
    From related orgs
    $0
    Other
    $6,553
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,767
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,553
    Filer's total
    $156,320

  • Joseph Slavens

    Vice President

    Total calculated
    $125,703
    From this org
    $117,106
    From related orgs
    $0
    Other
    $8,597
    Hours/week
    50

  • Lisa Newbore

    Vice President

    Total calculated
    $36,004
    From this org
    $26,004
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    50

  • Joyce Schroeder

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Brent Mesquit

    Secretary

    Total calculated
    $0
    Hours/week
    3

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521369349301312

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