2011-02-15T16:09:22-05:00 2010-06-30 KPMG LLP 801 Second Avenue Suite 900 Seattle WA 98104 990 2009-07-01 930619733 Portland State University Foundation PORT 5037254911 2125 SW FOURTH AVENUE PORTLAND OR 97201 REBECCA HEIN 2011-02-09 2069134000 2009 2016-02-24 21:20:13Z REBECCA HEIN 2125 SW FOURTH AVENUE Ste 510 Portland OR 97201 20250216 false X WWW.FOUNDATION.PDX.EDU X 1963 OR THE PURPOSE AND MISSION OF THE FOUNDATION IS TO ENHANCE THE DEVELOPMENT OF PORTLAND STATE UNIVERSITY THROUGH OUR RELATIONSHIPS, RESOURCES, AND GUIDANCE. 35 35 16 15 0 0 10634538 11514027 5845501 6049588 1312214 1339690 528564 1086997 18320817 19990302 9741265 9057402 0 0 1049622 1051050 0 0 595699 9857851 6994916 20648738 17103368 -2327921 2886934 88820850 93905573 50800837 49798579 38020013 44106994 SEE SCHEDULE O false false 15485416 9057402 6049588 THE FOUNDATION SUPPORTS PORTLAND STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, SUPPORTING FACULTY RESEARCH AND INSTRUCTION, ENHANCING FACILITIES, AND NURTURING NEW PROGRAMS. DURING THE YEAR ENDED JUNE 30, 2010, THE FOUNDATION AWARDED $9,057,402 to the University; $1,511,648 for Scholarships & Fellowships, $716,450 for Capital Projects, $4,523,281 for Academic Support, and $2,306,022 for Administrative Support. THE FOUNDATION ALSO MAKES AVAILABLE TO THE UNIVERSITY THE BROADWAY HOUSING PROJECT WHICH PROVIDES STUDENT HOUSING, CLASSROOMS AND ACADEMIC FACILITIES. 15485416 true true false false false false false false true true false true false false false false false false true false false true false true true false false false false false false false false false false true false false false true true false false false true 147 0 16 true false false false false false true true false false false 35 35 true false false false false false false true true false false true true true true true true true true false OR X X REBECCA HEIN 5037255881 2125 SW FOURTH AVENUE SUITE 510 PORTLAND OR 97201 John Petersen 2.0 X X 0 0 0 Richard Hawkins 2.0 X X 0 0 0 Marc Fovinci 2.0 X X 0 0 0 Les Fahey 2.0 X X 0 0 0 Thomas Fink 2.0 X X 0 0 0 Gary Eichman 2.0 X X 0 0 0 Lynn Johnson 2.0 X X 0 0 0 Eva Kripalani 2.0 X X 0 0 0 DOLORES LEON 2.0 X X 0 0 0 KENNETH A THRASHER 2.0 X X 0 0 0 SUSAN ALTERMAN 2.0 X 0 0 0 PETER ANDREWS 2.0 X 0 0 0 HADI ASGHARZADEH 2.0 X 0 0 0 TRACY BEAN 2.0 X 0 0 0 LARRY BECKER 2.0 X 0 0 0 DOUGLAS GOE 2.0 X X 0 0 0 RAY GUENTHER 2.0 X 0 0 0 TOM IMESON 2.0 X 0 0 0 ERIK LAWRENCE 2.0 X 0 0 0 IRVING LEVIN 2.0 X 0 0 0 DON MAZZIOTTI 2.0 X 0 0 0 MICHAEL MCKEEL 2.0 X 0 0 0 MARK MILLER 2.0 X 0 0 0 JON MITCHELL 0.0 X 0 0 0 ANNETTE MULEE 2.0 X X 0 0 0 PETER NICKERSON 2.0 X 0 0 0 AZAM QAYUM 2.0 X 0 0 0 JEFF REAVES 2.0 X 0 0 0 DAVID SHAFER 2.0 X 0 0 0 STEVEN STADUM 2.0 X 0 0 0 PETER STOTT 2.0 X 0 0 0 CHARLES WILHOITE 2.0 X 0 0 0 Senka Lenn 2.0 X 0 0 0 Mark Rosenbaum 2.0 X 0 0 0 Skip Stanaway 2.0 X 0 0 0 PA 'TONY' LEINEWEBER 40.0 X 163925 0 33536 REBECCA HEIN 40.0 X X 89790 0 17733 253715 0 51269 1 false true false 0 307137 43892 11162998 670109 11514027 RENTAL INCOME 532000 4976567 4976567 CONTRACT SERVICE REVENUE 541900 437500 437500 OTHER PROGRAM SERVICE REVENUE 900099 635521 635521 6049588 1339690 1339690 0 0 851401 851401 851401 851401 0 157508 307137 259914 -102406 -102406 0 0 MANAGEMENT FEES 900099 159776 159776 ANNUITY DISTRIBUTION 900099 177350 177350 MISCELLANEOUS REVENUE 900099 876 876 338002 19990302 6049588 0 2426687 9057402 9057402 0 0 0 335195 253715 81480 0 463539 208614 254925 76590 43442 33148 108626 69999 38627 67100 39601 27499 0 21527 4438 17089 56932 16100 40832 0 0 0 79210 19028 26469 33713 0 0 0 0 0 0 0 0 3062517 2911176 151341 0 872500 778760 93740 140219 128684 11535 EQUIPMENT RENTAL 92385 12242 80143 FOOD SERVICE EXPENSES 1025981 1025981 STUDENT HOUSING OPERATING EXP. 1405706 1405706 MISCELLANEOUS EXPENSES 237939 138141 53634 46164 17103368 15485416 1022253 595699 49654 12456 379618 523232 3193093 2010106 129021 268523 335003 136465 40554734 6054896 35384195 34499838 40452287 47977158 418840 0 1151095 1151095 7328044 7326700 88820850 93905573 1063192 937709 386092 325967 11736 47712648 45521149 46000 0 1523422 1592905 1478596 50800837 49798579 X -8823528 -6475449 18615841 20985378 28227700 29597065 38020013 44106994 88820850 93905573 X false true true X false X 8505770 7052017 13666460 10634538 11514026 51372811 8505770 7052017 13666460 10634538 11514026 51372811 4541888 46830923 1210998 1568461 1689434 1756491 1781146 8006530 448171 453540 267853 315891 338002 1823457 61202798 0.76518 0.80250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28160733 1221167 3058971 423334 32017537 36142062 809587 -7746386 291021 267443 486066 28160733 0.12800 0.87200 0.00000 false false 3482236 3482236 36225040 5395263 30829777 359358 243964 115394 383159 352769 30390 104941 62900 42041 34499838 DEFERRED FINANCING COSTS 1210824 ACCRUED INTEREST RECEIVABLE 43982 FUND RESERVES (LIMITED) 6012192 OTHER ASSETS 59702 7326700 0 OBLIGATIONS TO TRUST BENEFICIARIES 732766 INTEREST PAYABLE 745830 1478596 19990302 17103368 2886934 2237123 963288 3200411 6087345 23803507 2237123 1576082 3813205 19990302 19990302 17716162 612794 612794 17103368 17103368 ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT FUNDS ARE USED FOR SPECIFIC CHARITABLE PURPOSES DESIGNATED BY DONORS (E.G. PRIMARILY FOR SCHOLARSHIPS, FELLOWSHIPS, CAPITAL PROJECTS, AND SUPPORT OF ACADEMIC PROGRAMS). OTHER ADJUSTMENTS PART XI, LINE 8 CAPITAL CONTRIBUTIONS TO REAL ESTATE OPERATIONS: $962,925 CORBETT FUND BALANCE: $363 REVENUE - OTHER ADJUSTMENTS PART XII, LINE 2D Capital Contributions to Real Estate Operations: -$962,925 Reclass Expenses of Affiliated Org netted with Income (2828 Corbett, Inc.): -$353,243 Reclass Fundraising Direct Expenses: -$259,914 EXPENSES - OTHER ADJUSTMENTS PART XIII, LINE 2D Reclass Expenses of Affiliated Organization (2828 Corbett, Inc.): $352,880 Reclass Fundraising Direct Expenses: $259,914 WINE & ROSES 162211 85159 77052 59626 VIKING OPEN 124517 102442 22075 93381 5 177917 119536 58381 106907 464645 307137 157508 259914 259914 -102406 true PORTLAND STATE UNIVERSITY PO BOX 751 Portland OR 97207 936001786 UNIVERSITY 9057402 SEE SCH. I, PART IV 1 0 GRANT FUNDS SCHEDULE I, PART I, LINE 1 THE FOUNDATION EXISTS TO SUPPORT THE UNIVERSITY BY PROVIDING GRANTS IN THE FORM OF SCHOLARSHIPS AND FELLOWSHIPS, ACADEMIC SUPPORT, CAPITAL PROJECTS, AND ADMINISTRATIVE SUPPORT. TO ENSURE THAT GRANT FUNDS ARE EXPENDED FOR THE INTENDED PURPOSES, THE FOUNDATION APPROVES GRANT DISBURSEMENTS TO THE UNIVERSITY ONLY WHEN PROPER SUPPORTING DOCUMENTATION AND AUTHORIZATION BY DEPARTMENT HEADS ARE OBTAINED AND WHEN THE EXPENDITURE SATISFIES THE RESTRICTED PURPOSES IMPOSED BY DONORS AND FURTHERS THE EXEMPT MISSION OF THE FOUNDATION. BECAUSE SUPPORTING DOCUMENTATION AND AUTHORIZATION IS CAREFULLY EXAMINED BEFORE THE GRANT IS GIVEN AND THE PURPOSES FOR THE GRANT ARE KNOWN BEFORE IT IS AWARDED, NO ADDITIONAL FOLLOW UP IS PERFORMED TO FIND OUT HOW THE GRANT WAS USED. PURPOSE OF GRANT PART II, LINE 1, COLUMN H GRANTS TO THE UNIVERSITY ARE PROVIDED FOR SCHOLARSHIPS, FELLOWSHIPS, CAPITAL PROJECTS, ACADEMIC SUPPORT, AND ADMINISTRATIVE SUPPORT. X true true X X X X false false false false false false false false false PA 'TONY' LEINEWEBER 163925 0 0 0 0 0 16453 0 17083 0 197461 0 0 0 SOCIAL CLUB DUES PART I, LINE 1A THE FOUNDATION PROVIDED SOCIAL CLUB DUES TOTALING $7,814 FOR THE EXECUTIVE DIRECTOR, WHICH IS USED BY THE EXECUTIVE DIRECTOR FOR FUNDRAISING AND OTHER BUSINESS PURPOSES, THUS THE CLUB DUES ARE NOT TREATED AS TAXABLE COMPENSATION. CITY OF PORTLAND 936002236 736690AR9 2008-10-22 46395000 REFUND BOND ISSUED ON 04/01/03 false false 46395000 1117824 909246 44367930 2004 true false true true false false false false false true false false false true TRANSAMERICA INS CO 26.4 true false false X 21 489442 AVG. HIGH/LOW PRICE X 1 180667 APPRAISAL 1 false true false NUMBER OF CONTRIBUTIONS PART II, COLUMN B THE AMOUNTS REPORTED IN PART II, COLUMN (B), ARE THE NUMBER OF CONTRIBUTIONS. DESCRIPTION OF ORGANIZATION MISSION FORM 990, PART III, LINE 1 Portland State University Foundation provides support for the private fundraising efforts of Portland State University and manages privately donated funds for the benefit of the University. The private fundraising efforts of the University result in the Foundation receiving gifts and pledges for the benefit of the university. Such gifts and pledges derive from multiple sources, including cash, checks, securities, personal and real property, and include endowment gifts to be invested in perpetuity, remainder interests in charitable remainder trusts, gift annuities, and other gifts for the benefit of the University and its Affiliates. The Foundation is responsible for appropriate receipting and prudent management of gifts and pledges. The Foundation also maintains records of donors, alumni and friends of the University and prepares various reports pertaining to these constituencies. The Foundation, through its volunteer Board of Directors, engages in private fundraising with these constituencies for the benefit of the University. The Foundation Board enhances the development of the University through its relationships, resources and guidance. BOARD MEMBERS FORM 990, PART VI, SECTION A, LINE 2 Kenneth Thrasher and Les Fahey had a business relationship; Marc Fovinci had a business relationship with Annette Mulee, Rick Hawkins, Peter Stott, and Jon Mitchell during the year ended June 30, 2010. FORM 990 REVIEW FORM 990, PART VI, SECTION A, LINE 11 THE FORM 990 IS CAREFULLY REVIEWED IN DRAFT FORM BY THE MEMBERS OF THE FOUNDATION'S FINANCE AND AUDIT COMMITTEE. THE FORM 990 IS DISCUSSED IN DETAIL AT THE FINANCE COMMITTEE MEETING IN FEBRUARY. KPMG, THE TAX PREPARER, ATTENDED THE FINANCE COMMITTEE MEETING. ALL REVIEWERS ARE GIVEN TIME TO RESPOND TO ANY REVISIONS. AFTER INCORPORATION OF ALL REVISIONS AND APPROXIMATELY ONE WEEK PRIOR TO FILING, THE FINAL FORM 990 IS SENT ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS, WITH AN E-MAIL CALLING THEIR ATTENTION TO PORTIONS OF THE FORM MOST LIKELY TO BE READ BY THE PUBLIC AND FUNDERS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C The purpose of the Conflict of Interest Policy is to protect the Foundation's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Foundation. Pursuant to the Conflict of Interest Policy, any interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the Board President, and to directors and members of committees with board delegated powers considering the proposed transaction or arrangement. The determination whether a conflict of interest exists shall be made by the Board of Directors. Pending such determination, the interested person shall recuse himself or herself from participation in the review of and voting upon the transaction or arrangement in which that person has a possible conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Foundation's best interest and for its own benefit and whether the transaction is fair and reasonable to the Foundation and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. The conflict of interest policy is monitored by an annual distribution of questionnaires to all officers, directors and key employees. Each year, the organization has a 100% response rate to the questionnaires. If the board determines that an interested person has failed to disclose an actual or possible conflict of interest, the board shall take appropriate disciplinary and corrective action. Each director, principal officer and member of a committee with board delegated powers annually shall sign a statement which affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the Foundation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. OFFICER COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS, DETERMINED COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER BASED ON COMPARABILITY DATA AND PERFORMANCE EVALUATION. THE COMPENSATION MEETING TOOK PLACE ON JUNE 30, 2009. THE MEETING DISCUSSION AND DECISIONS WERE DOCUMENTED IN MINUTES. Financial Statements Form 990, Part VI, Section C, Line 19 The foundation's audited financial statements are posted on the organization's website. The foundation's governing instruments, conflict of interest policies, and other documents and policy statements may be made available upon request. SCHEDULE K Schedule K, Part III, Line 1 Taxpayer answered "no" to this question but wishes to advise that it is the single member of a limited liability company (Broadway Housing, LLC) which received proceeds of tax-exempt bonds. As a disregarded entity for federal income tax purposes, the activities of the limited company are reported as part of this Form 990. BROADWAY HOUSING LLC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 930619733 HOUSING OR 6005017 42033475 NA 2828 CORBETT INC 2125 SW 4TH AVE SUITE 510 PORTLAND OR 97201 202021524 PROPERTY MGMT OR 501(C)(2) NA false false false false false false false false false false false false false false false false false true 2828 CORBETT INC R 111894