Port Resources
- Assets
- $6.5m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 14
- Location
- South Portland, ME
- Founding
- 05/1981
- Data as of
- 06/2023
- EIN
- 01-0367582
Organization Overview
Port Resources is located in South Portland, ME. The organization was established in 1981. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Port Resources employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Resources 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 06/2023, Port Resources generated $13.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $13.4m during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO EMPOWERING PEOPLE WITH DISABILITIES TO LIVE RICH AND FULFILLING LIVES IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PERSONS WITH DEVELOPMENTAL DISABILITIES WITH COMMUNITY RESIDENTIAL, REHABILIATION AND RELATED SERVICES TO ENABLE INDEPENDENT COMMUNITY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lydia Wagner President | OfficerTrustee | 1 | $0 |
Nicole Poirier Vice President | OfficerTrustee | 1 | $0 |
Ronald Dovich Treasurer | OfficerTrustee | 1 | $0 |
Deborah Ruhe Secretary | OfficerTrustee | 1 | $0 |
Bonnie Baker Board Member | Trustee | 1 | $0 |
Thomas Graney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,997 |
| Total Program Service Revenue | $12,982,312 |
| Investment income | $12,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,696,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,274,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $874,248 |
| Payroll taxes | $621,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,270 |
| Fees for services: Accounting | $27,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,670 |
| Advertising and promotion | $1,389 |
| Office expenses | $26,786 |
| Information technology | $308,536 |
| Royalties | $0 |
| Occupancy | $4,915 |
| Travel | $113,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $174,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437,384 |
| Insurance | $156,389 |
| All other expenses | $422,258 |
| Total functional expenses | $13,363,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,208 |
| Savings and temporary cash investments | $407,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,955 |
| Net Land, buildings, and equipment | $4,621,066 |
| Investments—publicly traded securities | $186,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $298,794 |
| Total assets | $6,488,383 |
| Accounts payable and accrued expenses | $876,980 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,070,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,947,743 |
| Net assets without donor restrictions | $2,540,640 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,488,383 |