2024-04-29T14:42:58-05:00 2023-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-07-01 930398802 MULTNOMAH UNIVERSITY MULT 5032550332 8435 NE GLISAN ST PORTLAND OR 97220 JESSICA TAYLOR PRESIDENT 5032550332 2024-04-18 1 JESSICA TAYLOR 999009999 1 WENDY CAMPOS P00448102 5032421447 2024-04-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JESSICA TAYLOR 8435 NE GLISAN ST PORTLAND OR 97220 18503837 0 X WWW.MULTNOMAH.EDU X 1937 OR 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 AND WORLD. THE UNIVERSITY PROVIDES STUDENTS ALL SERVICES NECESSARY FOR A COLLEGE EDUCATION AND ASSISTS, WHERE POSSIBLE, THOSE STUDENTS IN FINANCIAL NEED. 14 14 440 29 0 0 6093352 1051006 11251000 12631084 215210 65584 320761 326425 17880323 14074099 3862971 5910560 0 0 8478447 7355141 0 0 296690 6543563 6390356 18884981 19656057 -1004658 -5581958 29044106 27298921 4420292 7966732 24623814 19332189 X IT IS THE MISISON 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 AND WORLD. THE UNIVERSITY PROVIDES STUDENTS ALL SERVICES NECESSARY FOR A COLLEGE EDUCATION AND ASSISTS, WHERE POSSIBLE, THOSE STUDENTS IN FINANCIAL NEED. 0 0 14695379 5910560 11254702 DURING THE CURRENT FISCAL YEAR THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS FOR APPROXIMATELY 89 SEMINARY AND 402 UNDERGRADUATE & MASTERS STUDENTS (TOTAL 515 STUDENTS). 14695379 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 55 0 1 440 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X CHRISTY FITZGERALD 5032515346 8435 NE GLISAN ST PORTLAND OR 97220 TED ALLEN EXECUTIVE VP (THRU 01/23) 50.00 X 144027 0 3468 ERIC JOSEPH PRESIDENT & CEO (THRU 12/22) 50.00 X 148135 0 5344 ALIN VRANCILA VP OF ACADEMICS 50.00 X 120521 0 5795 ROBERT LARSON VP OF ADVANCEMENT (THRU 06/23) 50.00 X 114455 0 4624 JESSICA TAYLOR INTERIM PRESIDENT 50.00 X 112575 0 1124 JOE SLAVENS VP OF STUDENT LIFE 50.00 X 105148 0 7898 JAY MOSSER CHAIRMAN 3.00 X X 0 0 0 JOYCE SCHROEDER VICE CHAIR 3.00 X X 0 0 0 BRENT MESQUIT SECRETARY 3.00 X X 0 0 0 VICTOR ALVARIZARES TRUSTEE 3.00 X 0 0 0 CLIFF CHAPPELL TRUSTEE 3.00 X 0 0 0 PAUL COLLIGAN TRUSTEE 3.00 X 0 0 0 AUSTIN HODGES TRUSTEE 3.00 X 0 0 0 CHARLES LANDERS TRUSTEE 3.00 X 0 0 0 ADRIENNE LIVINGSTON TRUSTEE 3.00 X 0 0 0 NATHAN NYMEYER TRUSTEE 3.00 X 0 0 0 CLIFFORD COOK TRUSTEE 3.00 X 0 0 0 BEN OCHS TRUSTEE 3.00 X 0 0 0 JONATHAN ORTIZ-MYERS TRUSTEE 3.00 X 0 0 0 CHANDLER WILSON TRUSTEE 3.00 X 0 0 0 744861 0 28253 6 0 1 0 PIONEER COLLEGE CATERERS 25055 W VALLEY PKWY STE 120 OLATHE KS 66061 FOOD SERVICE 681167 LIGHTWORKS ELECTRIC COMPANY 20915 SW 105TH AVENUE TUALATIN OR 97062 ELECTRICAL & CONSTRUCTION 215899 JANI-KING OF PORTLAND - PROFECTUS INC 11851 NE GLENNWIDING DRIVE B PORTLAND OR 97220 JANITORIAL 138830 3 1051006 16581 1051006 TUITION 611600 10928277 10928277 ROOM & BOARD 721310 1702807 1702807 12631084 71320 71320 4419702 4300 4429738 0 -10036 4300 -5736 -5736 MISCELLANEOUS INCOME 611600 250669 250669 CAFE/GEAR STORE 611600 75756 75756 326425 14074099 11254702 0 1768391 5910560 5910560 850640 260120 456860 133660 5384325 3536009 1776368 71948 70588 40231 25536 4821 346361 201709 128031 16621 703227 420821 267109 15297 250491 250491 53066 53066 119907 119907 33452 33452 1125700 743018 382682 462576 271975 169255 21346 681437 665670 13478 2289 392323 32119 352749 7455 908006 816223 91783 491047 447083 32889 11075 61189 18689 42500 895014 895014 LICENSE & FEES 566538 308485 246789 11264 LEASE 169148 169148 FOOD SERVICES & MERCHAN 54615 35068 19547 BAD DEBT 32348 32348 93499 92585 914 19656057 14695379 4663988 296690 2081885 85018 990383 247032 368529 123283 600642 2825627 23302 33996 201312 89408 35088725 22264248 13012194 12824477 6110758 5324767 5655101 5745313 29044106 27298921 798667 1170171 207093 275254 0 3200000 3414532 3321307 4420292 7966732 X 8718000 5407116 15905814 13925073 24623814 19332189 29044106 27298921 X -5581958 480379 295 -190341 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 22286 157433 151801 27918 0 7805608 6650 425788 199702 8038344 8670555 31700 -678577 218070 7805608 7882218 6590 953271 171524 8670555 7849982 33850 89990 91604 7882218 7328725 448128 230158 157029 7849982 0.08000 0.92000 0.00000 0 0 996662 996662 20053267 10977537 9075730 1537202 51111 1486091 9185213 8483061 702152 3316381 2752539 563842 12824477 ASSETS HELD IN CRT 3973771 BENEFICIAL INTEREST IN PERPETUAL TRUST 1771542 5745313 LIABILITY UNDER SPLIT-INTEREST AGREEMENTS 2143317 ACTUARIAL LIABILITY FOR ANNUITIES 707954 CAPITAL LEASES PAYABLE 317904 DEPOSITS 152132 3321307 X 10160090 480379 1549624 2030003 8130087 33452 5910560 5944012 14074099 15452010 1739965 1739965 13712045 33452 5910560 5944012 19656057 PART IV, LINE 1B: STUDENT GOVERNMENT FUNDS HELD IN AGENCY ARRANGEMENT. WE ASSIST OUR STUDENT GOVERNMENT ASSOCIATION BY PROVIDING A/P & A/R FUNCTIONS, AT THEIR DIRECTION. PART V, LINE 4: TO PROVIDE SCHOLARSHIPS PER DONOR INSTRUCTIONS. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, EXCEPT FOR UNRELATED BUSINESS INCOME, IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE UNIVERSITY QUALIFIED FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENTS. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, THE UNIVERSITY RECOGNIZED NO INTEREST AND PENALTIES. THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2023 AND 2022. THE UNIVERSITY FILES AN EXEMPT ORGANIZATION INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJUSTMENT ANNUITIES 68,154. PRESENT VALUE ADJUSTMENT SPLIT-INTEREST AGREEMENTS -258,495. EMPLOYEE RETENTION CREDIT 1,739,965. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 5,910,560. PART XII, LINE 2D - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDIT 1,739,965. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS 5,910,560. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION HAS THEIR NONDISCRIMINATION POLICY AVAILABLE ON THEIR WEBSITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL AID FOR QUALIFYING STUDENTS ENROLLED AT THE UNIVERSITY. 1 ENDOWMENT SCHOLARSHIPS 166 281999 MULTNOMAH INSTITUTIONAL AID 425 5628561 PART IV - ADDITIONAL SUPPLEMENTAL INFORMATION ALL GRANT FUNDS RECEIVED BY THE UNIVERSITY ARE OVERSEEN BY OUR FINANCIAL AID DEPARTMENT. THE DIRECTOR OF FINANCIAL AID WORKS CLOSELY WITH THE DEPT OF EDUCATION AND OUR STUDENT ACCOUNTS DEPARTMENT TO ENSURE PROPER MANAGEMENT OF THE STUDENTS' FUNDS. AS FUNDS ARE APPROVED AND RELEASED, DISBURSEMENT REPORTS ARE GIVEN TO OUR STUDENT ACCOUNTS DEPARTMENT AND FUNDS ARE ELECTRONICALLY UPLOADED TO THE INDIVIDUAL STUDENT TUITION ACCOUNTS AND VERIFIED FOR ACCURACY. ALL FUNDS ARE UPLOADED WITHIN THE PRESCRIBED WINDOW OF THREE BUSINESS DAYS AND ALL FUNDS ARE AVAILABLE TO THE STUDENT WITH 14 DAYS OF DISBURSEMENT TO THEIR ACCOUNT. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 ERIC JOSEPH PRESIDENT & CEO (THRU 12/22) 139935 0 0 0 8200 0 0 0 5344 0 153479 0 0 0 PART I, LINE 1A CLERGY HOUSING ALLOWANCES ARE SUBMITTED TO THE BOARD BY QUALIFYING FACULTY/STAFF WHO ARE ORDAINED MINISTERS. THE PRESIDENT OF MULTNOMAH UNIVERSITY IS ORDAINED, AND SUBMITS AN ANNUAL REQUEST TO THE BOARD TO DESIGNATE A PORTION OF HIS RESPECTIVE COMPENSATION AS A CLERGY HOUSING ALLOWANCE. FORM 990, PART VI, SECTION B, LINE 11B FORM 99O IS SUBMITTED TO THE FINANCE COMMITTEE OF THE BOARD FOR DISCUSSION, REVIEW, AND APPROVAL PRIOR TO FILING. IN ADDITION, A COPY OF FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A QUESTIONNAIRE, THEN SIGN AN ANNUAL FORM STATING THAT THEY HAVE REVIEWED THE CONFLICT OF INTEREST POLICY AND HAVE DISCLOSED ANY CONFLICT THEY MAY HAVE. THESE FORMS ARE REVIEWED FOR ACCURACY AND COMPLETION, AND ARE RETAINED BY THE NOMINATING AND MEMBERSHIP COMMITTEE OF THE BOARD. IN THE CASE OF A CONFLICT, THE CONFLICTED PERSON IS EXCUSED FROM THE DISCUSSION AND VOTING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD, WITH CURRENT CUPA RANGES UTILIZED FOR COMPARABILITY DATA. THE LAST REVIEW WAS COMPLETED IN MAY 2022. COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE BOARD THROUGH THE BUDGET PROCESS, WITH CURRENT CUPA RANGES UTILIZED FOR COMPARABILITY DATA. THE LAST REVIEW WAS COMPLETED IN MAY 2021. FORM 990, PART VI, SECTION C, LINE 19 PROVIDED ON REQUEST FROM THE PRESIDENT'S OFFICE. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENT SPLIT-INTEREST AGREEMENTS 68,154. PRESENT VALUE ADJUSTMENT ANNUITIES -258,495.