The Portage Foundation
- Assets
- $6.5m
- Revenue
- $215.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Kent, OH
- Founding
- 06/1976
- Data as of
- 12/2022
- 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 12/2022, Portage Foundation employed 4 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.
For the year ending 12/2022, Portage Foundation generated $215.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $421.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Portage Foundation has awarded 11 individual grants totaling $208,762. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 $122,947 IN GRANTS TO NON-PROFIT ORGANIZATIONS IN NORTHEAST OHIO WITH PROGRAMS TARGETING PORTAGE COUNTY RESIDENTS. IN 2022, SUPPORT FOR LOCAL FOOD BANKS, FOSTER CHILDREN, AND ARTS PROGRAMMING WERE SOME OF THE TOP GRANT RECIPIENTS. OUR FOUNDATION ALSO PROVIDED $77,750 IN SCHOLARSHIPS TO AREA HIGH SCHOOL AND COLLEGE STUDENTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Smeiles President | OfficerTrustee | 1 | $0 |
Elizabeth Barry Vice President | OfficerTrustee | 1 | $0 |
Linda Zucca Treasurer | OfficerTrustee | 1 | $0 |
Angela Dejulius Secretary | OfficerTrustee | 1 | $0 |
Amy Adams Trustee | Trustee | 1 | $0 |
Denise Baba Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,805 |
| Total Program Service Revenue | $0 |
| Investment income | $99,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,947 |
| Grants and other assistance to domestic individuals. | $77,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,250 |
| Compensation of current officers, directors, key employees. | $28,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,784 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,238 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,837 |
| 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 | $0 |
| All other expenses | $546 |
| Total functional expenses | $421,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,057 |
| 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 | $11,369 |
| Investments—publicly traded securities | $6,471,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,528,359 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,362,090 |
| Total liabilities | $1,362,090 |
| Net assets without donor restrictions | $123,723 |
| Net assets with donor restrictions | $5,042,546 |
| 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 | $6,528,359 |
Grants Awarded
Over the last fiscal year, The Portage Foundation has awarded $83,015 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY & COMMUNITY SERVICES PURPOSE: GENERAL USE | $6,747 |
CENTRAL OHIO SADDLE CLUB PURPOSE: GENERAL USE | $57,663 |
AURORA CITY SCHOOLS PURPOSE: GENERAL USE | $8,591 |
PORTAGE MEDICAL CENTER FOUNDATION PURPOSE: GENERAL USE | $10,014 |