Multnomah Athletic Foundation INC FY2021 filing

Portland, OR · Public charity (501(c)(3)) · Since 1990 · Recreation & Sports

✓ Tax-deductible
Revenue
$473K
+22% vs prior year
Spent
$451K
To programs
64%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$473K
FY2021▲ +22%
Revenue by fiscal year
FY2020$387K
FY2021$473K
FY2022$413K
FY2023$382K
FY2024$378K
FY2024$374K
Expenses
$451K
FY2021▼ -1%
Expenses by fiscal year
FY2020$457K
FY2021$451K
FY2022$415K
FY2023$504K
FY2024$440K
FY2024$525K
Net assets
$3.2M
FY2021▲ +33%
Net assets by fiscal year
FY2020$2.4M
FY2021$3.2M
FY2022$3.0M
FY2023$3.1M
FY2024$3.3M
FY2024$3.5M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMultnomah Athletic Foundation INC
EINHdr · item D93-1014651
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 1994
Year of formationHdr · item L1990
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPortland, OR
NTEE classificationIRS BMFRecreation & Sports (N70Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.29 Fundraising $0.07
Program services64%$289K
Management & general29%$132K
Fundraising7%$31K
Total functional expensesLn 25$451K

Financial health

Is it on solid ground?

Program efficiency
64%
of spending reaches programs
Operating runway
94.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$3.5M
FY2021▲ +29%
Total assets by fiscal year
FY2020$2.7M
FY2021$3.5M
FY2022$3.3M
FY2023$3.4M
FY2024$3.6M
FY2024$3.8M
Total liabilities
$293K
FY2021▼ -3%
Total liabilities by fiscal year
FY2020$301K
FY2021$293K
FY2022$277K
FY2023$315K
FY2024$304K
FY2024$336K
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Balance Sheet

Part X · end of year
CashLn 1$327K
Total assetsLn 16$3.5M
Total liabilitiesLn 26$293K
Total net assetsLn 32$3.2M
Months of cash on handcomputed8.7

Statement of Revenue

Part VIII
Contributions & grants$320K · 68%
Investment income$150K · 32%
Other revenue$3K · 1%
Contributions & grants68%$320K
Investment income32%$150K
Other revenue1%$3K
— government grantsLn 1e$20K
Total revenueLn 12$473K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.5M · Operating expenses (Pt IX) $451K · Less non-cash grants $500 · Cash operating expenses/yr $451K
94.1 months
Where the money goes
Program services
Program services $289K · Total expenses $451K
64%
Management & General
Management & general $132K · Total expenses $451K
29%
Fundraising
Fundraising $31K · Total expenses $451K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $27K · Solicited contributions (2-yr avg) $311K
$0.09 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $320K · Total revenue $473K
68%
Government reliance
Government grants $20K · Total revenue $473K
4%
Earned-income share
Program service revenue $0 · Total revenue $473K
0%
Investment reliance
Investment income $150K · Total revenue $473K
+32%
Program self-sufficiency
Program service revenue $0 · Total expenses $451K
0%
Growth & trend
Revenue growth (YoY)
This year $473K · Prior year $387K
+22%
Net-asset trend (YoY)
End of year $3.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $473K · Expenses $451K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
—
Net-asset ratio
Net assets $3.2M · Total assets $3.5M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $3.2M · Total assets (Pt X, ln 16) $3.5M
91%
People & payroll
Highest Reported Total Compensation
Individual Lisa Bendt · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $98K · Total expenses $451K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $451K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 29%——
Fundraising cost ratio 10%——
Revenue growth 22%——
Investment management fee ratio 0.6%——
Accounting fee ratio 2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$97,720Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 1017 $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.

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Governance & Policies

Part VI
  • 20Voting board membersPt VI · Ln 1a
  • 20Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds youth sports programs and scholarships in Portland, Oregon.

Provided by the organization

This section is blank until Multnomah Athletic Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $289K of program spending, described in the organization's own filed words · FY2020.
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.

$146Kprogram expense
02

The foundation provides community grants to nonprofit organizations and their programs. In july 2020 to june 2021, we awarded 24 grants to provide funding for youth athletic participation with limited access and opportunity.

$137Kprogram expense
03

The foundation continued its grantmakers program called youth grant initiative. The program designed for 7TH and 8TH graders provides programming and the opportunity to experience philantrophy. The program was started in 2018 and provided the experience for 12 youth as they awarded $5,000 in funding under the foundation board's oversight.

$6Kprogram expense

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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
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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $378K$440K-1% 990 PDF
FY2023 $382K$504K-8% 990 PDF
FY2022 $413K$415K-13% 990 PDF
FY2021 Viewing $473K$451K+22% 990 PDF
FY2020 $387K$457K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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