The Portage Foundation
- Assets
- $8.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Kent, OH
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 34-1176817
Organization Overview
The Portage Foundation is located in Kent, OH. The organization was established in 1976. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Portage Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portage Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PORTAGE FOUNDATION IS BUILDING A THRIVING AND DYNAMIC COMMUNITY FOR PORTAGE COUNTY AND THE REGION. WE INSPIRE PHILANTHROPY, BUILD ENDOWMENTS, IMPACT CAUSES AND FOSTER PROJECTS, AND ENGAGE COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTAGE FOUNDATION IS A NON-PROFIT, COMMUNITY ORGANIZATION THAT ACTS AS A "BRIDGE" BETWEEN DONORS AND CHARITABLE ACTIVITIES THAT SERVE PORTAGE COUNTY.TOGETHER WITH OUR FUNDERS, IN 2021 THE PORTAGE FOUNDATION PROVIDED $232,690 IN GRANTS TO NON-PROFIT ORGANIZATIONS IN NORTHEAST OHIO PRIMARILY IN PORTAGE COUNTY, OH. ALSO, THE PORTAGE FOUNDATION PROVIDED $51,598 IN SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS FROM THE PORTAGE COUNTY SCHOOLS.THE PORTAGE FOUNDATION FUNDING PRIORITIES FOR OUR ORGANIZATION ARE:- ANIMAL WELFARE- ARTS AND CULTURE- CHILDREN'S PROGRAMS- EDUCATION- ENVIRONMENT - ECONOMIC DEVELOPMENT- HEALTH- HUMAN SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Loftus Former Executive Director | Officer | 40 | $70,250 |
Toby Ann Weber Interim Executive Director | Officer | 1 | $27,500 |
Deborah Smeiles President | OfficerTrustee | 0 | $0 |
Elizabeth Barry Vice President | OfficerTrustee | 0 | $0 |
Angela Dejulius Secretary | OfficerTrustee | 0 | $0 |
Linda Zucca Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $666,522 |
| Noncash contributions included in lines 1a–1f | $25,352 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $695,707 |
| Total Program Service Revenue | $0 |
| Investment income | $90,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $273,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,059,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $234,837 |
| Grants and other assistance to domestic individuals. | $49,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,752 |
| Compensation of current officers, directors, key employees. | $32,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,085 |
| Fees for services: Other | $18,773 |
| Advertising and promotion | $2,020 |
| Office expenses | $6,934 |
| Information technology | $7,838 |
| Royalties | $0 |
| Occupancy | $2,985 |
| 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 | $251 |
| Insurance | $2,169 |
| All other expenses | $0 |
| Total functional expenses | $558,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,223 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,117 |
| Investments—publicly traded securities | $8,087,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,175,102 |
| Accounts payable and accrued expenses | $2,550 |
| 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 | $1,791,041 |
| Total liabilities | $1,793,591 |
| Net assets without donor restrictions | $1,343,830 |
| Net assets with donor restrictions | $5,037,681 |
| 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 | $8,175,102 |
Grants Awarded
Over the last fiscal year, The Portage Foundation has awarded $125,747 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Aurora, OH PURPOSE: EDUCATION, HEALTH AND WELFARE, HUMAN SERVICES | $50,000 |
Ravenna, OH PURPOSE: EDUCATION, HEALTH AND WELFARE, HUMAN SERVICES | $21,768 |
Ravenna, OH PURPOSE: EDUCATION, HEALTH AND WELFARE, HUMAN SERVICES | $15,984 |
CITY OF KENT PURPOSE: EDUCATION, HEALTH AND WELFARE, HUMAN SERVICES | $14,995 |
SAINT JOSEPH CATHOLIC CHURCH PURPOSE: EDUCATION, HEALTH AND WELFARE, HUMAN SERVICES | $10,000 |
Kent, OH PURPOSE: EDUCATION, HEALTH AND WELFARE, HUMAN SERVICES | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Portage Foundation has recieved totaling $16,308.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,828 |
Graco Foundation Minneapolis, MN PURPOSE: GIFT MATCHING | $4,980 |
Henry V And Frances W Christenson Foundation Akron, OH PURPOSE: HISTORIC SOUTHEND NEIGHBORHOODASSOCIATION | $2,500 |
Premier Bank Foundation Canfield, OH PURPOSE: CHARITABLE | $2,000 |
Endowment Analysis
| Beg. Balance | $7,075,128 |
| Admin Expense | $48,085 |
| Ending Balance | $7,027,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |
Grand Rapids Community Foundation Grand Rapids, MI | $425,971,455 | $49,247,168 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |