4th Street Basement Boutique
- Assets
- $164.7k
- Revenue
- $155.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 01-0686191
Organization Overview
4th Street Basement Boutique, operating under the name Portaluca, is located in Cincinnati, OH. The organization was established in 2002. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portaluca 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 12/2021, Portaluca generated $155.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $74.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF 4TH STREET BASEMENT BOUTIQUE, DBA PORTALUCA, IS TO PROVIDE AFFORDABLE CLOTHING TO WOMEN WITH LOWER INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4TH STREET BASEMENT BOUTIQUE OPENED IN 2002 TO PROVIDE AN OUTLET FOR ATTIRE DONATED TO DRESS FOR SUCCESS CINCINNATI (DFSC) THAT WAS NOT APPROPRIATE FOR OR WAS IN EXCESS OF WHAT WAS NEEDED TO STOCK DFSCS STYLEHER (THEN SUITING) PROGRAM. IN ADDITION TO PROVIDING AN ADDITIONAL SOURCE OF AFFORDABLE CLOTHING TO DFSC CLIENTS AND THE PUBLIC, 4TH STREET BASEMENT BOUTIQUE WAS ABLE TO GENERATE ADDITIONAL REVENUE FOR DFSC PROGRAMS IN SUPPORT OF ITS MISSION TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE AND DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND IN LIFE. IN AUGUST 2014, 4TH STREET BASEMENT BOUTIQUE BEGAN DOING BUSINESS AS PORTALUCA. PORTALUCA OFFERS NEW AND GENTLY USED WOMEN'S CLOTHING, SHOES AND ACCESSORIES AT AFFORDABLE PRICES. WEEKLY SPECIALS, DESIGNER SHOWCASES, WAREHOUSE SALES AND PERSONABLE STAFF AND VOLUNTEERS MAKE PORTALUCA A WONDERFUL PLACE TO SHOP. PORTALUCA OPERATIONS WERE IMPACTED SIGNIFICANTLY BY THE COVID-19 PUBLIC HEALTH CRISIS BEGINNING IN 2020, FOLLOWED BY A FORCED RELOCATION IN 2021. AS A RESULT, NO PROCEEDS WERE TRANSFERRED TO DFSC IN 2020. IN 2021, PORTALUCA RECOVERED SUFFICIENTLY TO REIMBURSE DFSC FOR ACCRUED EXPENSES, INCLUDING RENT. IN 2022, PORTALUCA HAS RESUMED TRANSFERS OF PROCEEDS OF SALES TO DFSC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Nolan Executive Dir. | Officer | 8 | $10,076 |
Sue Grathwohl Treasurer | OfficerTrustee | 1 | $0 |
Emily Prem Secretary | OfficerTrustee | 1 | $0 |
Mary Maune Vice Chairperso | OfficerTrustee | 1 | $0 |
Megan Gramke Chairperson | OfficerTrustee | 1 | $0 |
Emily Keller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,327 |
| Noncash contributions included in lines 1a–1f | $12,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,928 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $124,332 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,260 |
| 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. | $10,076 |
| Compensation of current officers, directors, key employees. | $986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,101 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,934 |
| Advertising and promotion | $3,500 |
| Office expenses | $0 |
| Information technology | $402 |
| Royalties | $0 |
| Occupancy | -$12,692 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,867 |
| All other expenses | $34 |
| Total functional expenses | $74,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,462 |
| Savings and temporary cash investments | $18,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $105,229 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,683 |
| Accounts payable and accrued expenses | $1,559 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,559 |
| Net assets without donor restrictions | $163,124 |
| 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 | $164,683 |
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