Asset Systems Inc in Portland, Oregon (OR)

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Asset Systems Inc
Employer Identification Number (EIN)930959411
Name of OrganizationAsset Systems Inc
AddressPO BOX 14949, Portland, OR 97293-0949
ActivitiesCooperative hospital service organization
SubsectionCharitable Organization
Ruling Date04/1990
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,273,048
Amount of Income$5,542,404
Form 990 Revenue Amount$5,542,404
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2012: $5,542,404 (it was $5,519,800 in 2011)
This organization: 

 $5,542,404
Other organizations performing similar types of work: 

 $4,881,223

Assets in 2012: $2,273,048 (it was $2,037,277 in 2011)
Asset Systems Inc: 

 $2,273,048
Other organizations performing similar types of work: 

 $3,369,569

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$5,519,800
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$5,515,837
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,963
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$4,524,587
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$1,553,904
Payroll taxes$159,175
Professional fundraising services$0
Other$2,811,508
Balance Sheet (for 2011)
Total assets$2,037,277
Total liabilities$1,493,489
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$1,493,489
Total net assets or fund balances$543,788
Retained earnings, endowment, accumulated income, or other funds$542,738
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Providence Health Services Inc, United States Catholic Conference1150 Varnum St Ne, Washington, DC 20017-2104DC1946-03$34,868,692
2Asset Systems IncPO BOX 14949, Portland, OR 97293-0949OR1990-04$5,542,404
3Durham Asset Management Company Incorporated324 Blackwell St, Durham, NC 27701-3658NC1994-03$4,881,223
4Franklin Community Health Network111 Franklin Health Cmns, Farmington, ME 04938-6144ME1991-10$3,263,233
5Combined Coordinating Council IncInc 14 Penn Plaza Ste 720, New York, NY 10122NY1986-12$2,895,352
6Hap Eduaction And Research Services4750 Lindle Rd, Harrisburg, PA 17111-2428PA1970-12$518,294
Number of organizations performing similar types of work
Alabama1
District of Columbia1
Kentucky1
Maryland1
Maine1
North Carolina1
New York1
Oklahoma1
Oregon1
Pennsylvania1
Total10

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