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← MIRABELLA PORTLAND FOUNDATION INC

Form 990 for tax year 2022

Filed by MIRABELLA PORTLAND FOUNDATION INC.

Totals

Total revenue
$133,362
Total expenses
$286,588
Contributions and grants received
$86,581
Grants paid
$251,802
Program service revenue
$0
Investment income
$46,781
Other revenue
$0
Total assets, end of year
$926,535
Total liabilities, end of year
$35,728
Net assets or fund balances, end of year
$890,807
Program services expenses (Part IX)
$282,720
Management and general expenses
$3,868
Fundraising expenses
$0
Program service expenses (Part III)
$282,720

Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $86,581

  • 3 · Investment income

    total $20,591 · excluded $20,591

  • 7a · Gross sales of assets other than inventory

    securities $26,190

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $26,190

  • 7d · Net gain or loss

    total $26,190 · excluded $26,190

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,114 · program services $221,114

  • 2 · Grants to domestic individuals

    total $30,688 · program services $30,688

  • 11a · Fees: management

    total $1 · management and general $1

  • 11f · Fees: investment management

    total $1,394 · management and general $1,394

  • 13 · Office expenses

    total $88 · management and general $88

  • 23 · Insurance

    total $2,716 · program services $2,716

  • 24a · Other expenses: PROGRAM FUND EXPENSES

    total $28,202 · program services $28,202

  • 24b · Other expenses: OTHER FACILITY SERVICES

    total $2,385 · management and general $2,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,189 · end of year $33,862

  • 11 · Investments: publicly traded securities

    beginning of year $790,945 · end of year $892,673

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,668

  • 25 · Other liabilities

    beginning of year $22,774 · end of year $35,728

  • 27 · Net assets without donor restrictions

    beginning of year $327,993 · end of year $424,987

  • 28 · Net assets with donor restrictions

    beginning of year $659,699 · end of year $465,820

Mission and programs · 2022

Mission

MIRABELLA PORTLAND FOUNDATION INC.'S PRIMARY EXEMPT PURPOSE IS TO ACQUIRE, HOLD, AND DISTRIBUTE GIFTS TO MIRABELLA AT SOUTH WATERFRONT, AN EXEMPT ORGANIZATION.

Activities or mission (Part I)

TO ACQUIRE, HOLD AND DISTRIBUTE GIFTS TO MIRABELLA AT SOUTH WATERFRONT, AN EXEMPT ORGANIZATION.

  • GRANTS AND ALLOCATIONS / OUTLAYS ACCORDING TO DONORS' SPECIFIC REQUESTS.

    Expenses $282,720 · Grants $251,802

As filed on the 2022 return.

Listed in Part VII

  • Sharon Van Eaton

    VICE CHAIR

    Total calculated
    $311,125
    From this org
    $0
    From related orgs
    $282,136
    Other
    $28,989
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,800 related
    Bonus
    $0 + $30,336 related
    Other
    $0
    Deferred
    $0 + $15,134 related
    Nontaxable benefits
    $0 + $13,855 related
    Filer's total
    $0 + $311,125 related

  • Renee Hanks-Chan

    SECRETARY/TREASURER

    Total calculated
    $118,122
    From this org
    $0
    From related orgs
    $118,122
    Other
    $0
    Hours/week
    1 + 39 related

  • Megan Huston

    DIRECTOR

    Total calculated
    $101,211
    From this org
    $0
    From related orgs
    $88,885
    Other
    $12,326
    Hours/week
    1 + 39 related

  • Lynn Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Stanley Berman

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Devries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202422229349301347

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