Portland Marathon Inc
- Assets
- $31.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, OR
- Founding
- 06/1976
- Data as of
- 12/2020
- EIN
- 93-1015627
Organization Overview
Portland Marathon Inc is located in Portland, OR. The organization was established in 1976. As of 12/2020, Portland Marathon Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Portland Marathon Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Portland Marathon Inc generated $125.0 in total revenue. All expenses for the organization totaled $534.5k during the year ending 12/2020.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
ON APRIL 27, 2018, THE PORTLAND MARATHON, INC. BOARD OF DIRECTORS ANNOUNCED THAT IT HAD DECIDED NOT TO HOLD A PORTLAND MARATHON OR HALF MARATHON IN 2018, AND TO BEGIN THE PROCESS OF DISSOLVING THE CORPORATION. THIS DIFFICULT DECISION WAS REACHED AFTER CAREFUL CONSIDERATION OF INPUT FROM THE ORGANIZATION'S MANY STAKEHOLDERS AND DETERMINING WHAT THE ORGANIZATION BELIEVES IS BEST FOR THE RUNNING COMMUNITY AND THE CITY OF PORTLAND. DURING 2019 AND 2020, THE ORGANIZATION CONTINUED THE PROCESS TOWARD DISSOLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Schaeffer Secretary | 1 | $0 | |
Andy Ritchie President | 1 | $0 | |
Richard Busby Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $106 |
| Total Revenue | $125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,689 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $18 |
| Other expenses | $522,795 |
| Total expenses | $534,502 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,096 |
| Other assets | $0 |
| Total assets | $31,096 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,096 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Portland Marathon Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Peter W Stott Foundation 02-03-1999 Portland, OR PURPOSE: Recreation & Sports | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Volleyball Association Irvine, CA | $497,915 | $4,872,375 |
National Gymnastics Foundation Inc Los Angeles, CA | $5,763,181 | $1,072,081 |
Pamakid Runners San Francisco, CA | $169,061 | $517,646 |
Portland Marathon Inc Portland, OR | $31,096 | $0 |
Umpqua Valley Gymnastics Inc Roseburg, OR | $201,666 | $434,141 |
California-Usa Wrestling Inc Fresno, CA | $227,606 | $368,939 |
United States Judo Federation Ontario, OR | $2,186,185 | $430,983 |
Willits Frontier Days Inc Willits, CA | $345,566 | $418,143 |
Woodland Gymnastic Inc Woodland, CA | $161,274 | $349,171 |
Oregon Ki Society Tigard, OR | $1,954,887 | $258,134 |
Arlington Fly-In Arlington, WA | $88,307 | $210,704 |
North Bay Aikido Inc Santa Cruz, CA | $284,432 | $0 |