Portco Inc

Organization Overview

Portco Inc is located in Suffolk, VA. The organization was established in 1993. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 09/2023, Portco Inc employed 326 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portco 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, Portco Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $10.6m during the year ending 09/2023. While expenses have increased by 6.9% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH DISABILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH DISABILITIES.


TO SUPPORT THE MISSION OF PORTCO INC AND PROVIDE EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH DISABILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
D Mark Wilson
President &
$314,750
Rev Milton R Blount
Board Member
$0
Melissa Edmonds
Chairman
$0
David Holley
Board Member
$0
Tanya Monroe
Board Member
$0
Michael Townsend
Co-Chair
$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$217
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$217
Total Program Service Revenue$11,177,914
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$10,929
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,167,202

Peer Organizations

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