Porter Hills Foundation
- Assets
- $0.0
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Grand Rapids, MI
- Founding
- 06/2014
- Data as of
- 06/2021
- EIN
- 38-3243846
Organization Overview
Porter Hills Foundation is located in Grand Rapids, MI. The organization was established in 2014. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Porter Hills Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter Hills 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 06/2021, Porter Hills Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. 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
RAISE, INVEST, AND MONITOR THE FUNDS THAT SUPPORT PORTER HILLS RETIREMENT COMMUNITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTER HILLS FOUNDATION WAS OFFICIALLY ESTABLISHED IN 1995 AS THE FUNDRAISING ARM FOR PORTER HILLS PRESBYTERIAN VILLAGE, INC., WITH HEADQUARTERS IN GRAND RAPIDS, MICHIGAN. THIS YEAR, THE PORTER HILLS FOUNDATION CELEBRATES ITS 27TH ANNIVERSARY AS A SEPARATE 501(C)(3) NONPROFIT ORGANIZATION. ITS MISSION IS TO RAISE, INVEST, AND MONITOR THE FUNDS THAT SUPPORT PORTER HILLS IN PROVIDING A CONTINUUM OF HIGH-QUALITY COMMUNITIES AND SERVICES. AS AN ORGANIZATION FOUNDED ON FAITH, BENEVOLENT CARE IS THE CORNERSTONE OF THE PORTER HILLS FOUNDATION, SUPPORTING CARE FOR QUALIFIED PORTER HILLS RESIDENTS WHO HAVE EXHAUSTED THEIR RESOURCES. THE POPULATION OF OLDER ADULTS OVER AGE 65 IS EXPECTED TO DOUBLE IN THE NEXT DECADE, AND TRIPLE FOR THOSE 85 AND OLDER. MICHIGAN IS CURRENTLY THE FASTEST AGING STATE IN THE U.S. PORTER HILLS FOUNDATION, SERVING SIDE-BY-SIDE WITH PORTER HILLS, IS DEDICATED TO ELEVATING PHILANTHROPY THAT EMBRACES THE CARE NEEDS AND WISHES OF THIS DRAMATICALLY GROWING SECTOR. THE PORTER HILLS FOUNDATION REMAINS STEADFAST IN ITS COMMITMENT TO SUPPORT THE MISSION OF PORTER HILLS AS TRUSTED EXPERTS SERVING SENIORS WITH GRACE. WITH A FOCUS ON THE HEALTH AND WELL-BEING OF OLDER ADULTS, AND EDUCATION AND RETENTION OF OUR OUTSTANDING STAFF TEAM MEMBERS, THE PORTER HILLS FOUNDATION HAS DETERMINED THESE FOUR PRIORITY FUNDRAISING INITIATIVES:1. BENEVOLENT CARE, ENSURING THAT ELIGIBLE RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES ALWAYS HAVE A LOVING HOME AT PORTER HILLS.2. EMPLOYEE SUPPORT SERVICES, OFFERING STAFF SCHOLARSHIPS AND EMERGENCY AID TO SUPPORT OUR OUTSTANDING PORTER HILLS TEAM MEMBERS IN REACHING THEIR CAREER AND EDUCATIONAL GOALS, OR TO LEND A HELPING HAND TO THOSE WHO EXPERIENCE AN EMERGENCY CAUSING FINANCIAL HARDSHIP. PRIORITY FOR SCHOLARSHIPS IS GIVEN TO OUR DIRECT CARE TEAM MEMBERS AND THOSE WITH FINANCIAL NEED. 3. CAPITAL IMPROVEMENTS, TRANSFORMING EXISTING BUILDINGS AND CONSTRUCTING NEW ONES THAT PROVIDE THE UTMOST IN PERSONAL COMFORT AND AMENITIES FOR MICHIGAN'S GROWING POPULATION OF OLDER ADULTS. 4. LIFE ENRICHMENT FOR OLDER ADULTS, HELPING THE OLDER ADULTS WE SERVE AT PORTER HILLS FIND THEIR PURPOSE, FOLLOW THEIR PASSIONS, AND LIVE LIFE TO THE FULLEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Fetyko Director/ Umrc CEO | OfficerTrustee | 2 | $0 |
Kim Hoppe Treasurer/ Umrc CFO | OfficerTrustee | 2 | $0 |
Wendy Brightman President | OfficerTrustee | 25 | $0 |
James E Preston Secretary | OfficerTrustee | 1 | $0 |
Jacqueline Taylor Vice Chair | OfficerTrustee | 1 | $0 |
Jay Wisentaner Chair | OfficerTrustee | 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 | $1,524,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,524,700 |
| Total Program Service Revenue | $0 |
| Investment income | $609,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $922,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,057,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $349,326 |
| Grants and other assistance to domestic individuals. | $143,846 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,192 |
| Pension plan accruals and contributions | $7,959 |
| Other employee benefits | $7,256 |
| Payroll taxes | $14,020 |
| Fees for services: Management | $80,000 |
| Fees for services: Legal | $7,520 |
| Fees for services: Accounting | $27,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,210 |
| Fees for services: Other | $220,225 |
| Advertising and promotion | $0 |
| Office expenses | $53,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,881 |
| 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 | $0 |
| Total functional expenses | $1,331,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Porter Hills Foundation has awarded $346,098 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PORTER HILLS PRESBYTERIAN VILLAGE PURPOSE: FOR BENEVOLENT CARE OF RESIDENTS AND OTHER NEEDS FOR WELLNESS CENTERS AND PO | $152,450 |
LIFE CIRCLES PURPOSE: FOR BENEVOLENT CARE OF RESIDENTS AND OTHER NEEDS FOR WELLNESS CENTERS AND PO | $54,370 |
MEADOWLARK RETIREMENT VILLAGE PURPOSE: FOR BENEVOLENT CARE OF RESIDENTS AND OTHER NEEDS FOR WELLNESS CENTERS AND PO | $139,278 |