Civic Intelligence

Portland State University Alumni Assoc

990 • Fiscal year 2019 • EIN 93-1309774

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 05, 2019

PO Box 1326Portland, OR 97207

(503) 725-5072

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$156,424

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 77.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

29th percentile

-2.3%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

8.2%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,684,736

Down $40,391 (-2.3%) from 2018

Net Assets

Up

$1,665,949

Up $7,127 (+0.4%) from 2018

Liabilities

Down

$18,787

Down $47,518 (-72%) from 2018

Revenue

Up

$202,627

Up $15,401 (+8.2%) from 2018

Expenses

Down

$236,668

Down $16,944 (-6.7%) from 2018

Net Income

Up

-$34,041

Up $32,345 (+49%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,767,165Liabilities 2011: $57,211Net Assets 2011: $1,709,9542011Assets 2012: $1,657,353Liabilities 2012: $3,709Net Assets 2012: $1,653,6442012Assets 2013: $1,728,701Liabilities 2013: $16,108Net Assets 2013: $1,712,5932013Assets 2014: $1,847,391Liabilities 2014: $7,495Net Assets 2014: $1,839,8962014Assets 2015: $1,762,207Liabilities 2015: $10,225Net Assets 2015: $1,751,9822015Assets 2016: $1,616,654Liabilities 2016: $5,795Net Assets 2016: $1,610,8592016Assets 2017: $1,668,077Liabilities 2017: $5,524Net Assets 2017: $1,662,5532017Assets 2018: $1,725,127Liabilities 2018: $66,305Net Assets 2018: $1,658,8222018Assets 2019: $1,684,736Liabilities 2019: $18,787Net Assets 2019: $1,665,9492019Assets 2020: $1,528,128Liabilities 2020: $459Net Assets 2020: $1,527,6692020Assets 2021: $2,277,803Liabilities 2021: $1,414Net Assets 2021: $2,276,3892021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$1,684,736
Liabilities$18,787
Net Assets$1,665,949

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $163,227Expenses 2011: $180,384Net Income 2011: -$17,1572011Expenses 2012: $123,6602012Expenses 2013: $237,4832013Revenue 2014: $145,879Expenses 2014: $245,197Net Income 2014: -$99,3182014Revenue 2015: $157,744Expenses 2015: $254,671Net Income 2015: -$96,9272015Revenue 2016: $274,041Expenses 2016: $251,346Net Income 2016: $22,6952016Revenue 2017: $350,804Expenses 2017: $238,199Net Income 2017: $112,6052017Revenue 2018: $187,226Expenses 2018: $253,612Net Income 2018: -$66,3862018Revenue 2019: $202,627Expenses 2019: $236,668Net Income 2019: -$34,0412019Revenue 2020: $135,490Expenses 2020: $189,422Net Income 2020: -$53,9322020Revenue 2021: $436,468Expenses 2021: $89,381Net Income 2021: $347,0872021Revenue 2022: $742,849Expenses 2022: $1,998,940Net Income 2022: -$1,256,0912022

Highlighted filing

2019

Revenue$202,627
Expenses$236,668
Net Income-$34,041
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$228,369
Mission and Program Overview

Mission

To support the university, alumni and students. To engage our alumni and their family and friends to inspire support for the university.

To champion a life-long relationship between portland state university and its alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,551,670$1,597,137▲ $45,467
Savings and Temporary Cash Investments$93,035$44,490▼ $48,545
Cash and Non-Interest-Bearing Accounts$64,415$29,011▼ $35,404
Land, Buildings, and Equipment, Net$8,746$7,764▼ $982
Prepaid Expenses and Deferred Charges$5,868$4,134▼ $1,734
Accounts Receivable$1,393$2,200▲ $807
Total Assets$1,725,127$1,684,736▼ $40,391
Liabilities
Deferred Revenue$56,973--
Accounts Payable and Accrued Expenses$9,332$18,787▲ $9,455
Total Liabilities$66,305$18,787▼ $47,518
Net Assets / Fund Balance
Unrestricted Net Assets$1,658,822$1,665,949▲ $7,127
Total Net Assets Fund Balance$1,658,822$1,665,949▲ $7,127
Total Liabilities and Net Assets / Fund Balance$1,725,127$1,684,736▼ $40,391

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,764$64,684$72,448
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sylvian Tom BullExec. Direct$156,424$156,424

Board Members and Trustees

NameTitle
Eric BrownPresident
Ed JohnsonBoard Member
Amanda LambDirector
Chris LiddleDirector
Connor KavanaughDirector
Joel MortonDirector
Khang TranDirector
Lori Heino-royerDirector
Lori HenselDirector
Sean ZimmermanDirector
Vera SellDirector
Sylvian Tom BullExec. Director
Al FitzpatrickEmeritus
Angela WykoffEmeritus
Bill LemmanEmeritus
Greg MeyerPast Preside
Kirk SidleyTreasurer
Dan AdamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$24,155
Program Service Revenue
$139,235
Investment Income
$32,737
Other Revenue
$6,500
All Other Contributions
$24,155
Change in Net Assets
$-34,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$29,536-$29,536
Advertising$19,051--$19,051
All Other Expenses$14,652$1,107-$15,759
Insurance-$9,662-$9,662
Other Expenses$8,382$94-$8,476
Travel$5,256--$5,256
Office Expenses$155$4,432-$4,587
Fees for Services Lobbying$4,133--$4,133
Conferences and Meetings-$3,396-$3,396
Depreciation Depletion$803$179-$982
Fees for Services Other$176$315-$491
Total Functional Expenses$187,203$49,465$0$236,668
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The documents are reviewed by the psu alumni association board's finance and executive committees, the association bookkeeper, executive staff. The executive committee is the board's leadership team comprised of officers and committee chairs. Documents are available to all other members of the board for their review and input. Any corrections to the draft documents are made through the accounting firm and revised documents are re- distributed to the aforementioned and reviewed. If no further changes are necessary, a motion is made within the executive committee to accept the documents and a vote is taken. Once approved, the final documents and a notice of approval are sent via email to the full board; hard copies are available upon request. The forms are signed by the current year treasurer.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest (and confidential reporting policy) are written d ocuments given annually to each board member and related employees and als o contained in the board handbook. Annually, each board member is asked to review, sign and date a document acknowledging they have read and understand the documents and they will disclose any potential conflict of interest. These documents are shared and discussed annually at the beginning of each new fiscal year during the september meeting.

Form 990, Page 6, Part VI, Line 19

Related documents are available upon request. Hard copies can be emailed, faxed or mailed.

Filing and Contact Details

Filer

Filer Name
Portland State University Alumni as
EIN
93-1309774
Phone
5037255072
Address
PO BOX 1326, PORTLAND, OR 97207

Signing Officer

Name
Kirk Sidley
Title
Treasurer
Phone
5037255072
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Brown
Formed
2000
Legal Domicile
Or
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
184

Preparer

Firm
Bgo Cpas
Address
1500 NE IRVING ST STE 440, PORTLAND, OR 97232-4208
Preparer
Ronald D Harmening
Phone
5032331133
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Portland state university alumni association includes our community of over 180,000 psu graduates and 27,000 students. The scope and purpose of our work extends world- wide to alumni and honorary alumni, current and former students, current and former parents, and friends of the university. The purpose of the alumni association is to create and enhance opportunities for alumni engagement in support of portland state university and promote the benefits of the reciprocal relationship between alumni, students, families and friends of the university. We do this collaboratively with the psu foundation, and in partnership with the president's office, government relations and university communications, student affairs and the schools and colleges to engender a culture of philanthropy and engagement at portland state university.

Financial Statement Notes

Schedule D, Page 3, Part X

The association could be subject to income tax on unrelated business income. The association's federal and state information returns are subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on those information returns. In general, the federal and state information returns have a three year statute of limitations. Should that status be challenged in the future, the association's 2017, 2016 and 2015 tax years are open for examination by the internal revenue service. The association would recognize accrued interest and penalties associated with uncertain tax provisions, if any, as part of the income tax provision.

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