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 09/2021, Portco Inc employed 351 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 09/2021, Portco Inc generated $9.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $9.1m during the year ending 09/2021. While expenses have increased by 6.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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.


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 &
$276,367
Ralph Wahlberg
Senior Execu
$191,984
Belinda Daugherty
Chief Operat
$168,227
Rev Milton R Blount
Board Member
$0
James Cornetta
Chairman
$0
Tanya Monroe
Board Member
$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$22,897
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,897
Total Program Service Revenue$9,268,786
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,600
Net Gain/Loss on Asset Sales $129,035
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,434,318

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Portco Inc has recieved totaling $10,022.

Awarding OrganizationAmount
Sourceamerica

Vienna, VA

PURPOSE: NPA TRAINING VOUCHERS GRANT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$22
View Grant Recipient Profile

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