Portage Industries Inc
- Assets
- $3.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 204
- Location
- Ravenna, OH
- Founding
- 09/1982
- Data as of
- 06/2021
- EIN
- 34-1329830
Organization Overview
Portage Industries Inc is located in Ravenna, OH. The organization was established in 1982. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2021, Portage Industries Inc employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portage Industries 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 06/2021, Portage Industries Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 10.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADULT DAY PROGRAM SERVING INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND TO SUPPORT PEOPLE TO EXPERIENCE LIVING, WORKING, FRIENDSHIPS AND CONTRIBUTING AS CITIZENS OF THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A VARIETY OF HUMAN SERVICES AND EMPLOYMENT SERVICES FOR PARTICIPANTS ENROLLED IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip E Miller CEO | Officer | 55 | $121,071 |
Diana Dubinsky President | OfficerTrustee | 1 | $0 |
Yvonne Michali Vice President | OfficerTrustee | 1 | $0 |
Brian Bialik Rec Secretary | OfficerTrustee | 1 | $0 |
Benjamin Ammons Director | Trustee | 1 | $0 |
Jean Johns Director | 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 | $61,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,223 |
| Total Program Service Revenue | $3,640,887 |
| Investment income | $1,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$182 |
| Net Income from Fundraising Events | $815 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,704,273 |
| 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. | $121,071 |
| Compensation of current officers, directors, key employees. | $48,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,172,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,289 |
| Payroll taxes | $63,215 |
| 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 | $0 |
| Fees for services: Other | $8,056 |
| Advertising and promotion | $0 |
| Office expenses | $9,437 |
| Information technology | $19,564 |
| Royalties | $0 |
| Occupancy | $139,880 |
| Travel | $20,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,309 |
| Interest | $18,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,796 |
| Insurance | $58,527 |
| All other expenses | $61,347 |
| Total functional expenses | $2,902,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,081,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $470,496 |
| 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 | $742,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,294,628 |
| Accounts payable and accrued expenses | $114,592 |
| Grants payable | $0 |
| Deferred revenue | $48,985 |
| 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 | $707,414 |
| Unsecured mortgages and notes payable | $818,000 |
| Other liabilities | $0 |
| Total liabilities | $1,688,991 |
| Net assets without donor restrictions | $1,605,637 |
| 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 | $3,294,628 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Portage Industries Inc has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |