Oregon Tech Foundation INC: FY2024 Nonprofit Profile & Form 990 (EIN 23-7056213)

Revenue by fiscal year
FY2020	$2.6M
FY2021	$3.3M
FY2022	$6.7M
FY2023	$6.4M
FY2024	$4.7M
FY2025	$8.1M

Expenses by fiscal year
FY2020	$2.8M
FY2021	$1.6M
FY2022	$2.0M
FY2023	$3.7M
FY2024	$3.5M
FY2025	$3.4M

Net assets by fiscal year
FY2020	$29.7M
FY2021	$38.1M
FY2022	$36.1M
FY2023	$38.2M
FY2024	$42.3M
FY2025	$49.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $2.9M Management & general 17% · $583K Fundraising 1% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Alan Polaski

President

$0Pt VII · Sec A

Christine Mangan

Vice President

$0Pt VII · Sec A

Don Johnson

Treasurer

$0Pt VII · Sec A

Jim Blair

Secretary

$0Pt VII · Sec A

Dee Thompson

Past President

$0Pt VII · Sec A

Jim Hackett

Director

$0Pt VII · Sec A

Robert Neathamer

Director

$0Pt VII · Sec A

James Dehoog

Director

$0Pt VII · Sec A

See Oregon Tech Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational, cultural, charitable, and service functions for Oregon Institute of Technology.

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Provided by the organization

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3 programs · $2.3M · in their own filed words · FY2023

01

To provide scholarships to students of oregon institute of technology. Students received scholarships based on merit, need and other factors.

$1.3Mprogram expense

02

Academics, athletics and student activities

$1.0Mprogram expense

03

Capital projects (new buildings, classrooms and remodel)

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

M J Murdock Charitable TrustFY2024$223K

The Oregon Community FoundationFY2024$173K

Sky Lakes Medical Center INCFY2024$52K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$50K

The Honzel Family FoundationFY2024$50K

The Walker Family FoundationFY2024$20K

Joseph & Elizabeth Hoffart Charitable FoundationFY2024$20K

American Online Giving Foundation INCFY2024$17K

Total grants receivedfrom 15 funders$665K

See all 15 funders →

Grants paid · 6 grants · $6.1M · 2019–2024

Unitemized GrantFY2024$1,156,420

Unitemized GrantFY2023$1,251,927

Unitemized GrantFY2022$1,081,950

Unitemized GrantFY2021$850,068

Unitemized GrantFY2020$869,499

Unitemized GrantFY2019$924,201

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.7M

Ln 12

Gifts and grantsLn 1h$3.4M

Investment incomeLn 3$1.5M

Fees for servicesLn 2g$15K

Money outPt IX

$3.5M

Ln 25

Programscol B$2.9M

Managementcol C$583K

Fundraisingcol D$19K

Owns and owesPt X

$42.3M

net assets · Ln 32

Cash and savingsLn 1–2$2.5M

Total assetsLn 16$45.1M

LiabilitiesLn 26$2.8M

PeoplePt VI, VII

24

listed · VII A

PaidVII A0

Voting boardVI 1a25

IndependentVI 1b25

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.4M

Noncash giftsLn 1g$17K

Fundraising eventsLn 1c$41K

Fees for servicesLn 2g$15K

Investment incomeLn 3$1.5M

Gains on assetsLn 7$152K

Total revenueLn 12$4.7M

Assets in detailPt X, end of year

CashLn 1$2K

SavingsLn 2$2.5M

Cash and savings togetherLn 1–2$2.5M

InvestmentsLn 11–13$39.3M

Land, buildings, equipmentLn 10c$35K

Other assetsLn 15$967K

Total assetsLn 16$45.1M

LiabilitiesLn 26$2.8M

Net assetsLn 32$42.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 6230

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$3.9M	$2.5M
InvestmentsLn 11–13	$35.2M	$39.3M
Land, buildings, equipmentLn 10c	$205K	$35K
Total assetsLn 16	$41.6M	$45.1M
LiabilitiesLn 26	$3.4M	$2.8M
Net assetsLn 32	$38.2M	$42.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$1.3M	$1.3M
Other salaries and wagesLn 7	$326K	$98K	$209K	$19K
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$37K		$37K
Investment management feesLn 11f	$112K	$112K
Other fees for servicesLn 11g	$85K		$85K
Advertising and promotionLn 12	$16K		$16K
Office expensesLn 13	$52K		$52K
Information technologyLn 14	$74K		$74K
OccupancyLn 16	$20K		$20K
TravelLn 17	$42K		$42K
InsuranceLn 23	$8K	$2K	$6K
Other expenses (24a–d)Ln 24	$1.4M	$1.4M
All other expensesLn 24e	$42K	$2K	$40K
Total functional expensesLn 25	$3.5M	$2.9M	$583K	$19K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$8.1M	$3.4M	$4.7M	$49.7M	990 PDF
FY2024 Viewing	$4.7M	$3.5M	$1.2M	$42.3M	990 PDF
FY2023	$6.4M	$3.7M	$2.8M	$38.2M	990 PDF
FY2022	$6.7M	$2.0M	$4.7M	$36.1M	990 PDF
FY2021	$3.3M	$1.6M	$1.6M	$38.1M	990 PDF
FY2020	$2.6M	$2.8M	−$179K	$29.7M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $4,695,280 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,669,085$3,429,621

I-9 Program service revenuePrior year $21,840$15,111

I-10 Investment incomePrior year $2,785,905$1,539,095

I-11 Other revenuePrior year $952,593−$288,547

I-12 Total revenuePrior year $6,429,423$4,695,280

I-13 Grants and similar amounts paidPrior year $1,081,950$1,251,927

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $345,037$326,038

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,252,028$1,897,585

I-18 Total expensesPrior year $3,679,015$3,475,550

I-19 Revenue less expensesPrior year $2,750,408$1,219,730

Part VI · Governance 25 of 25 board members independent, 1 to look at

VI-1a Voting members of the governing body25

VI-1b Independent voting members25

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $4,695,280 across 10 lines filed

VIII-1c Fundraising events$40,570

VIII-1f All other contributions, gifts and grants$3,389,051

VIII-1g Noncash contributions (included above)$16,809

VIII-1h Total contributions, gifts and grants$3,429,621

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $15,111$15,111

VIII-3 Investment incomeExcluded from tax $1,386,759$1,386,759

VIII-7 Net gain or loss on sales of assetsRelated to mission $152,336$152,336

VIII-8 Net income from fundraising eventsExcluded from tax −$24,611−$24,611

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$263,936−$263,936

VIII-12 Total revenueRelated to mission $152,336 · Unrelated business −$263,936 · Excluded from tax $1,377,259$4,695,280

Part IX · Statement of functional expenses $3,475,550 across 14 lines filed

IX-2 Grants to domestic individualsPrograms $1,251,927$1,251,927

IX-7 Other salaries and wagesPrograms $97,820 · Management $209,168 · Fundraising $19,050$326,038

IX-11b Legal feesManagement $1,140$1,140

IX-11c Accounting feesManagement $36,739$36,739

IX-11f Investment management feesPrograms $112,461$112,461

IX-11g Other fees for servicesManagement $85,270$85,270

IX-12 Advertising and promotionManagement $15,913$15,913

IX-13 Office expensesManagement $52,047$52,047

IX-14 Information technologyManagement $74,210$74,210

IX-16 OccupancyManagement $20,034$20,034

IX-17 TravelManagement $41,934$41,934

IX-23 InsurancePrograms $1,698 · Management $6,273$7,971

IX-24 Other expenses (24a–d)Programs $1,407,800$1,407,800

IX-24e All other expensesPrograms $2,007 · Management $40,059$42,066

IX-25 Total functional expensesPrograms $2,873,713 · Management $582,787 · Fundraising $19,050$3,475,550

Part X · Balance sheet $45,088,238 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $43,695$1,955

X-2 Savings and temporary cash investmentsStart of year $3,828,988$2,545,609

X-3 Pledges and grants receivableStart of year $1,423,283$1,412,088

X-4 Accounts receivableStart of year $2,741$9,133

X-9 Prepaid expenses and deferred chargesStart of year $55,698$43,857

X-10c Land, buildings and equipment, netStart of year $205,000$35,000

X-11 Publicly traded securitiesStart of year $28,520,792$26,197,090

X-12 Other securitiesStart of year $6,631,105$13,064,945

X-14 Intangible assetsStart of year $0$811,851

X-15 Other assetsStart of year $878,996$966,710

X-16 Total assetsStart of year $41,590,298$45,088,238

X-17 Accounts payable and accrued expensesStart of year $1,360,253$165,216

X-25 Other liabilitiesStart of year $517,883$1,080,497

X-26 Total liabilitiesStart of year $3,396,154$2,811,832

X-27 Net assets without donor restrictionsStart of year $13,048,892$14,492,356

X-28 Net assets with donor restrictionsStart of year $25,145,252$27,784,050

X-32 Total net assets or fund balancesStart of year $38,194,144$42,276,406

X-33 Total liabilities and net assetsStart of year $41,590,298$45,088,238

Part XI · Reconciliation of net assets $42,276,406 net assets at year end

XI-1 Total revenue$4,695,280

XI-2 Total expenses$3,475,550

XI-3 Revenue less expenses$1,219,730

XI-4 Net assets at start of year$38,194,144

XI-5 Net unrealized gains (losses) on investments$2,760,535

XI-8 Prior period adjustments−$200,000

XI-9 Other changes in net assets$301,997

XI-10 Net assets at end of year$42,276,406

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Oregon Tech Foundation INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Oregon Tech Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV