Portsmouth Service League Incorporated
- Assets
- $1.9m
- Revenue
- $23.9k
- Investments
- $100.0
- Employees
- 0
- Location
- Portsmouth, VA
- Founding
- 06/1958
- Data as of
- 05/2022
- EIN
- 54-6053116
Organization Overview
Portsmouth Service League Incorporated is located in Portsmouth, VA. The organization was established in 1958. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portsmouth Service League Incorporated 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 05/2022, Portsmouth Service League Incorporated generated $23.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $54.4k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Portsmouth Service League Incorporated has awarded 11 individual grants totaling $108,346. 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
TO FOSTER INTEREST AMONG ITS MEMBERS IN THE SOCIAL, ECONOMIC, EDUCATIONAL, CULTURAL AND CIVIC CONDITIONS OF THE COMMUNITY AND TO MAKE EFFECTIVE USE OF THEIR VOLUNTEER SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER INTEREST AMONG ITS MEMBERS IN THE SOCIAL, ECONOMIC, EDUCATIONAL, CULTURAL AND CIVIC CONDITIONS OF THE COMMUNITY AND TO MAKE EFFECTIVE USE OF THEIR VOLUNTEER SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Markham President | OfficerTrustee | 1 | $0 |
Hope Sinclair Vice Preside | OfficerTrustee | 1 | $0 |
Barbara Walker Treasurer | OfficerTrustee | 1 | $0 |
Christine Young Secretary | OfficerTrustee | 1 | $0 |
Jennifer Elion Board Memer | Trustee | 1 | $0 |
Jenny Hodge Board Memer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,633 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $876 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,853 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,493 |
| 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 | $1,974 |
| Advertising and promotion | $0 |
| Office expenses | $50 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Total functional expenses | $54,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,627 |
| Savings and temporary cash investments | $42,505 |
| 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 |
| Investments—publicly traded securities | $49,628 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,368 |
| 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 | $573,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,358 |
| Total liabilities | $575,970 |
| Net assets without donor restrictions | $1,288,398 |
| 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 |
| Total liabilities and net assets/fund balances | $1,288,398 |
Grants Awarded
Over the last fiscal year, Portsmouth Service League Incorporated has awarded $47,696 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEAST VIRGINIA COMMUNITY FOUNDA PURPOSE: SCHOLARSHIP FUND | $11,848 |
EDMARC INC PURPOSE: GENERAL SUPPORT | $7,000 |
COMMUNITIES IN SCHOOLS OF HAMPTON R PURPOSE: GENERAL SUPPORT | $11,000 |
GIRLS ON THE RUN HAMPTON ROADS PURPOSE: GENERAL SUPPORT | $6,000 |
ELIZABETH RIVER PROJECT PURPOSE: GENERAL SUPPORT | $5,924 |
OPPORTUNITY INC LOCAL GOVT VA PURPOSE: INTERNSHIP PROGRAM | $5,924 |