Lawrence J Portell And Natalie D Portell Foundation Inc
- Assets
- $1.2m
- Revenue
- $80.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- New Milford, CT
- Founding
- 07/1998
- Data as of
- 09/2023
- EIN
- 06-1508183
Organization Overview
Lawrence J Portell And Natalie D Portell Foundation Inc is located in New Milford, CT. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence J Portell And Natalie D Portell Foundation Inc 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 09/2023, Lawrence J Portell And Natalie D Portell Foundation Inc generated $80.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $81.0k during the year ending 09/2023. While expenses have increased by 12.7% per year over the past 7 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.
Since 2015, Lawrence J Portell And Natalie D Portell Foundation Inc has awarded 87 individual grants totaling $450,540. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Weinshank President | 0.5 | $500 | |
Mitchell Melnick Secretary | 0.5 | $500 | |
Timothy Riordan Treasurer | 0.5 | $500 | |
Robert W Martin Director | 0.5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,401 |
| Capital Gain Net Income | $42,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,537 |
| Total operating and administrative expenses | $20,450 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $80,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946 |
| Savings and temporary cash investments | $32,771 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,127,901 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,161,618 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lawrence J Portell And Natalie D Portell Foundation Inc has awarded $60,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MERWINSVILLE HOTEL PURPOSE: FINANCE CONTINUING RESTORATION OF HISTORIC PROPERTY | $1,000 |
NEW MILFORD HOSPITAL FOUNDATION PURPOSE: GIFT FOR CANCER CENTER | $8,000 |
NEW MILFORD COMMUNITY AMBULANCE PURPOSE: UNRESTRICTED GIFTUNRESTRICTED GIFT | $1,500 |
NEW MILFORD HIGH SCHOOL PURPOSE: PROVIDE SCHOLARSHIPS FOR HIGHER EDUCATION TO GRADUATING SENIORS | $5,000 |
RENEWAL HOUSE SHELTER OF THE CROSS PURPOSE: UNRESTRICTED GIFT TOWARD PROVIDING TRANSITIONAL HOUSING, COUNSELING SUPPORT AND REHABILITATION SERVICES FOR ELDERLY AGED INDIVIDUALS WHO ARE HOMELESS OR AT RISK OF BECOMING HOMELESS. | $500 |
RIDGEFIELD VNA PURPOSE: UNRESTRICTED GIFT | $2,500 |