Multnomah Athletic Foundation INC EIN 93-1014651 Form 990 (PDF) Claim this org

Multnomah Athletic Foundation INC

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Funds youth sports programs and scholarships in Portland, Oregon. For fiscal year 2024 it reported $374K in revenue, $525K in expenses, and $3.5M in net assets.Pt I

Founded
1990
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Portland, OR
Website
www.multnomahathleticfoundation.com
Filings
5 on file (2020–2024)
Revenue
$374KFY2024
Expenses
$525K
Net assets
$3.5M
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-1014651 Public charity (501(c)(3)) Portland, OR Founded 1990
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds youth sports programs and scholarships in Portland, Oregon.
Leadership
Lisa Bendt · Executive Director · $109K
Money in and out
$374K revenue, $525K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$525K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$151K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.19 Fundraising $0.05
Program efficiency
76%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
91.4mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
-40%
revenue over expenses, this year▼ -145% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$374K
FY2024▼ -0.9%
Expenses
$525K
FY2024▲ +19%
Total assets
$3.8M
FY2024▲ +6%
Total liabilities
$336K
FY2024▲ +10%
Total revenue
$374K
Pt VIII · Ln 12
Total expenses
$525K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$151K
Total assetsPt X · Ln 16$3.8M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMultnomah Athletic Foundation INC
EINHdr · item D93-1014651
Principal addressHdr · item CPortland, OR
Year of formationHdr · item L1990
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N70Z)
Ruling yearIRS BMFApr 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$108,542Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lisa Bendt’s $109K as Executive Director is at the 94th percentile of top reported officer pay among 1018 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lisa Bendt$108,542$94,114$89,079$80,079$97,720$75,177

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Multnomah Athletic Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $397K of program spending, described in the organization's own filed words · FY2024.
01

The foundation awards scholarships to individuals who demonstrate academic and athletic accomplishments and who have financial need in pursuing their education. The scholarship funds are awarded in memory of several inspirational employees and athletes of the multnomah athletic club.

$224Kprogram expense
02

The foundation provides community grants to nonprofit organizations and their programs. From july 2024 to june 2025, we awarded 15 grants to support youth athletic participation for those with limited access and opportunities.

$173Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$301K · 80%
Investment income$43K · 12%
Other revenue$30K · 8%
Contributions & grants80%$301K
Investment income12%$43K
Other revenue8%$30K
Total revenueLn 12$374K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.19 Fundraising $0.05
Program services76%$397K
Management & general19%$100K
Fundraising5%$28K
Total functional expensesLn 25$525K

Balance Sheet

Part X · end of year
CashLn 1$450K
Total assetsLn 16$3.8M
Total liabilitiesLn 26$336K
Total net assetsLn 32$3.5M
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.8M · Operating expenses (Pt IX) $525K · Less non-cash grants $23K · Cash operating expenses/yr $502K
91.4 months
Where the money goes
Program services
Program services $397K · Total expenses $525K
76%
Management & General
Management & general $100K · Total expenses $525K
19%
Fundraising
Fundraising $28K · Total expenses $525K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $318K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $301K · Total revenue $374K
80%
Government reliance
Government grants — · Total revenue $374K
Earned-income share
Program service revenue $0 · Total revenue $374K
0%
Investment reliance
Investment income $43K · Total revenue $374K
+12%
Program self-sufficiency
Program service revenue $0 · Total expenses $525K
0%
Growth & trend
Revenue growth (YoY)
This year $374K · Prior year $378K
-0.9%
Revenue CAGR
FY2019 $387K · FY2024 $374K
-0.7%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $374K · Expenses $525K
-40%
Liabilities-to-Assets
Total liabilities — · Total assets $3.8M
Net-asset ratio
Net assets $3.5M · Total assets $3.8M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $3.4M · Total assets (Pt X, ln 16) $3.8M
88%
People & payroll
Highest Reported Total Compensation
Individual Lisa Bendt · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $109K · Total expenses $525K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $164K · Total expenses $525K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 19%
Fundraising cost ratio 9%
Revenue growth -0.9%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 5 funders$252K
See all 5 funders →
Grants paid · 55 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$152,500
Friends of Explorer Post 58OR · FY2024$7,000
Elite Sports AcademyOR · FY2024$7,000
Adaptive Sports NorthwestOR · FY2024$7,000
Ac PortlandOR · FY2024$7,000
Steps for YouthOR · FY2024$6,000
Reborn Bikes (washco Bikes)OR · FY2024$6,000
Friends of Baseball LLCOR · FY2024$6,000
The Childrens Course INCOR · FY2024$6,000
Unitemized GrantFY2023$152,500
Adaptive Sports NorthwestOR · FY2023$8,800
See all 55 grants →

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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
FY2024$378K revenue · ⤓ 990 PDF
FY2023$382K revenue · ⤓ 990 PDF
FY2022$413K revenue · ⤓ 990 PDF
FY2021$473K revenue · ⤓ 990 PDF
FY2020$387K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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