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Nonprofiteer
← THE PORTAGE FOUNDATION

Form 990 for tax year 2023

Filed by THE PORTAGE FOUNDATION.

Totals

Total revenue
$691,132
Total expenses
$656,888
Contributions and grants received
$404,781
Grants paid
$447,206
Program service revenue
$0
Investment income
$286,351
Other revenue
$0
Total assets, end of year
$7,157,266
Total liabilities, end of year
$1,445,677
Net assets or fund balances, end of year
$5,711,589
Program services expenses (Part IX)
$496,696
Management and general expenses
$105,695
Fundraising expenses
$54,497
Program service expenses (Part III)
$496,696

Program services were 75.6% 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

    $404,781

  • 3 · Investment income

    total $162,240 · excluded $162,240

  • 7a · Gross sales of assets other than inventory

    securities $3,752,884

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

    securities $3,628,773

  • 7c · Gain or loss

    securities $124,111

  • 7d · Net gain or loss

    total $124,111 · excluded $124,111

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $393,921 · program services $393,921

  • 2 · Grants to domestic individuals

    total $53,285 · program services $53,285

  • 5 · Compensation of officers, directors and key employees

    total $84,810 · program services $28,270 · management and general $28,270 · fundraising $28,270

  • 7 · Other salaries and wages

    total $25,815 · program services $8,605 · management and general $8,605 · fundraising $8,605

  • 9 · Other employee benefits

    total $8,430 · program services $2,810 · management and general $2,810 · fundraising $2,810

  • 11c · Fees: accounting

    total $26,811 · management and general $26,811

  • 11f · Fees: investment management

    total $30,784 · management and general $30,784

  • 13 · Office expenses

    total $8,528 · program services $957 · management and general $2,363 · fundraising $5,208

  • 16 · Occupancy

    total $24,504 · program services $8,848 · management and general $6,052 · fundraising $9,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,057 · end of year $368,689

  • 10a · Land, buildings and equipment: cost or other basis

    $20,995

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,588

  • 10c · Land, buildings and equipment, net

    beginning of year $11,369 · end of year $9,407

  • 11 · Investments: publicly traded securities

    beginning of year $6,471,933 · end of year $6,779,170

  • 25 · Other liabilities

    beginning of year $1,362,090 · end of year $1,445,677

  • 27 · Net assets without donor restrictions

    beginning of year $123,723 · end of year $523,584

  • 28 · Net assets with donor restrictions

    beginning of year $5,042,546 · end of year $5,188,005

Mission and programs · 2023

Mission

THE MISSION OF THE PORTAGE FOUNDATION IS TO BUILD A THRIVING AND DYNAMIC COMMUNITY FOR PORTAGE COUNTY. ACTING AS A "BRIDGE" BETWEEN DONORS AND CHARITABLE ACTIVITIES, WE STRIVE TO INSPIRE PHILANTHROPY, BUILD ENDOWMENTS, IMPACT CAUSES, AND FOSTER PROJECTS.

  • THE PORTAGE FOUNDATION IS A CHARITABLE ORGANIZATION CREATED BY AND FOR A COMMUNITY OF PEOPLE. IT IS SUPPORTED BY LOCAL DONORS AND GOVERNED BY A BOARD OF PRIVATE CITIZENS WHO WORK TOWARD THE GREATER GOOD OF THE COMMUNITY. WITH FUNDING PRIORITIES THAT SPAN EIGHT KEY AREAS, INCLUDING ANIMAL WELFARE, ARTS AND CULTURE, CHILDREN'S PROGRAMS, EDUCATION, ENVIRONMENT, ECONOMIC DEVELOPMENT, HEALTH, AND HUMAN SERVICES, THE FOUNDATION PROVIDED $393,921 IN GRANTS TO NON-PROFIT ORGANIZATIONS IN NORTHEAST OHIO WITH PROGRAMS TARGETING PORTAGE COUNTY RESIDENTS. IN 2023, SUPPORT FOR LOCAL FOOD BANKS, FOSTER CHILDREN, AND ARTS PROGRAMMING WERE SOME OF THE TOP GRANT RECIPIENTS. OUR FOUNDATION ALSO PROVIDED $53,285 IN SCHOLARSHIPS TO AREA HIGH SCHOOL AND COLLEGE STUDENTS IN 2023.

    Expenses $496,696 · Grants $447,206

As filed on the 2023 return.

Listed in Part VII

  • Deborah Smeiles

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Barry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Zucca

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Angela Dejulius

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amy Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Denise Baba

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Colin Boyle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Fisher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anne Jorgensen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Beth Padisak

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brent Pfeiffer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kamelia Fisher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ginger Cook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Sessions

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Will Sumser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Taylor

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $56,250
    From this org
    $56,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janice Simmons-Mortimer

    EXECUTIVE DIRECTOR

    Total calculated
    $28,560
    From this org
    $28,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202422999349300312

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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