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← FRIENDS OF THE CHILDREN-PORTLAND FOUNDATION

Form 990 for tax year 2022

Filed by FRIENDS OF THE CHILDREN-PORTLAND FOUNDATION.

Totals

Total revenue
$180,909
Total expenses
$276,563
Contributions and grants received
$51,744
Grants paid
$173,694
Program service revenue
$0
Investment income
$129,165
Other revenue
$0
Total assets, end of year
$6,674,541
Total liabilities, end of year
$126,049
Net assets or fund balances, end of year
$6,548,492
Program services expenses (Part IX)
$173,694
Management and general expenses
$14,999
Fundraising expenses
$87,870
Program service expenses (Part III)
$173,694

Program services were 62.8% 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

    $51,744

  • 3 · Investment income

    total $146,865 · excluded $146,865

  • 7a · Gross sales of assets other than inventory

    securities $5,028,849

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

    securities $5,046,549

  • 7c · Gain or loss

    securities -$17,700

  • 7d · Net gain or loss

    total -$17,700 · excluded -$17,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $173,694 · program services $173,694

  • 11c · Fees: accounting

    total $11,990 · management and general $11,990

  • 23 · Insurance

    total $5,368 · management and general $2,684 · fundraising $2,684

  • 24a · Other expenses: OUTSIDE SERVICES

    total $85,186 · fundraising $85,186

  • 24b · Other expenses: BANK FEES

    total $325 · management and general $325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,219 · end of year $16,944

  • 2 · Savings and temporary cash investments

    beginning of year $863,045 · end of year $280,681

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $50,000

  • 11 · Investments: publicly traded securities

    beginning of year $5,603,802 · end of year $6,201,067

  • 12 · Investments: other securities

    beginning of year $147,435 · end of year $125,849

  • 25 · Other liabilities

    beginning of year $231,281 · end of year $126,049

  • 27 · Net assets without donor restrictions

    beginning of year $6,462,220 · end of year $6,548,492

Mission and programs · 2022

Mission

THE FOUNDATION RAISES PRIVATE DONATIONS AND MANAGES INVESTMENTS FOR THE FUTURE USE OF FRIENDS OF THE CHILDREN-PORTLAND PROGRAM. FRIENDS OF THE CHILDREN-PORTLAND PROVIDES LONG-TERM MENTORS TO PORTLAND'S MOST VULNERABLE CHILDREN.

Activities or mission (Part I)

THE FOUNDATION RAISES PRIVATE DONATIONS AND MANAGES INVESTMENTS FOR THE FUTURE USE OF FRIENDS OF THE CHILDREN - PORTLAND PROGRAM. FRIENDS OF THE CHILDREN - PORTLAND PROVIDES LONG-TERM MENTORS TO PORTLAND'S HIGH PRIORITY YOUTH.

  • OPERATING GRANT TO FRIENDS OF THE CHILDREN - PORTLAND, THE 501(C)(3) CHARITY THAT THE FOUNDATION SUPPORTS.

    Expenses $173,694 · Grants $173,694

As filed on the 2022 return.

Listed in Part VII

  • KATHLEEN KEE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN NOLTING

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KEITH SHEPPARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DUNCAN CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACI ROSSI

    EXECUTIVE DIRECTOR

    Total calculated
    $256,065
    From this org
    $0
    From related orgs
    $236,000
    Other
    $20,065
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $205,000 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $5,750 related
    Nontaxable benefits
    $0 + $14,315 related
    Filer's total
    $0 + $256,065 related

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
20 June 2024
IRS schema version
2022v5.0
Source object
202441799349301564

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