Marylhurst University EIN 93-0634049

Marylhurst University

EIN  93-0634049 Higher education institution Portland, OR
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Size
<$100K
What they do
Dissolving operations and closing its university after December 31, 2018.
Leadership
Charles Terhune · Chair
Money in and out
$0 revenue, $649K expenses
Bottom line
87% program spending

Dissolving operations and closing its university after December 31, 2018. For fiscal year 2021 it reported $0 in revenue, $649K in expenses, and $68K in net assets.Pt I

Financial scale & money flow · FY2021
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$649K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$649K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program spending
87%
of expenses reach program services▲ +247% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$0
FY2021
Expenses
$649K
FY2021▲ +65%
Total assets
$68K
FY2021▼ -98%
Total liabilities
$0
FY2021▼ -100%
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$649K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$649K
Total assetsPt X · Ln 16$68K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $567K of program spending, described in the organization's own filed words · FY2020.
01

The university closed as of december 31, 2018. The organziation satisfied obligations and dissolved prior to june 30, 2021.

$567Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarylhurst University
EINHdr · item D93-0634049
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.marylhurst.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Marylhurst University executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$567K
Management & general13%$82K
Total functional expensesLn 25$649K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$68K
Total liabilitiesLn 26$0
Total net assetsLn 32$68K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $649K
1.3 months
Where the money goes
Program services
Program services $567K · Total expenses $649K
87%
Management & General
Management & general $82K · Total expenses $649K
13%
Fundraising
Fundraising $0 · Total expenses $649K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $49K · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $649K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $68K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $649K
Liabilities-to-Assets
Total liabilities — · Total assets $68K
Net-asset ratio
Net assets $68K · Total assets $68K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $68K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Terhune · Reported title CHAIR · Highest reported compensation $0 · Total expenses $649K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $649K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Legal fee ratio 4%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$0 revenue · viewing · ⤓ 990 PDF
FY2020$0 revenue · ⤓ 990 PDF
FY2019$2.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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