Porter-Leath
- Assets
- $47.8m
- Revenue
- $30.2m
- Investments
- $0.0
- Employees
- 487
- Location
- Memphis, TN
- Founding
- 10/1951
- Data as of
- 06/2023
- EIN
- 58-1409385
Organization Overview
Porter-Leath is located in Memphis, TN. The organization was established in 1951. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Porter-Leath employed 487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter-Leath 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 06/2023, Porter-Leath generated $30.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $31.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Porter-Leath has awarded 22 individual grants totaling $422,027. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING CHILDREN AND FAMILIES TO ACHIEVE A HEALTHY, OPTIMAL AND INDEPENDENT LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY HEAD START - PROVIDES QUALITY PRESCHOOL EDUCATION AND SUPPORTIVE WRAPAROUND SERVICES FOR ELIGIBLE CHILDREN AGES SIX-WEEKS TO THREE. ALSO PROVIDES IN-HOME PARENTAL SERVICES FOR PREGNANT MOTHERS AND FAMILIES.
CONNECTIONS - UTILIZES A TRAUMA-INFORMED UNIVERSAL APPROACH ADDRESSING TRAUMA, TRAUMATIC STRESS AND RELATED ISSUES BY PROMOTING RESILIENCE TO CHILDREN THROUGHOUT ITS FOSTER CARE AND RESIDENTIAL PROGRAMS. CORNERSTONE - GIVES NEWBORNS AND PRESCHOOL CHILDREN THE BEST START IN LIFE BY HELPING PREGNANT MOTHERS AND PARENTING FAMILIES IN THEIR HOMES, THEREBY REDUCING INFANT MORTALITY AND IMPROVING LITERACY AND LANGUAGE SKILLS.BOOKS FROM BIRTH - PROMOTES KINDERGARTEN READINESS AND STRENGTHENS FAMILY BONDS IN SHELBY COUNTY BY PROVIDING AGE-APPROPRIATE BOOKS FOR ALL CHILDREN FROM BIRTH TO AGE FIVE. EARLY SUCCESS COALITION - IMPROVING THE LIVES OF CHILDREN BY WORKING TO STRENGTHEN THE NETWORK OF CAREGIVERS AND PROVIDERS THAT SERVE THESE CHILDREN. GENERATIONS - TO PROVIDE OLDER AMERICANS AN OPPORTUNITY TO MAKE A DIFFERENCE IN THE LIVES OF DISADVANTAGED CHILDREN AND YOUNG ADULTS. TEACHER EXCELLENCE PROGRAM - USES INTENTIONALLY DESIGNED AND DATA-INFORMED PROFESSIONAL DEVELOPMENT TO PREPARE TEACHERS TO ENGAGE IN HIGH-QUALITY, EFFECTIVE PRACTICES, THEREBY STRENGTHENING THE KNOWLEDGE AND SKILL SETS OF EARLY CHILDHOOD EDUCATORS, RESULTING IN IMPROVED EDUCATIONAL OUTCOMES FOR CHILDREN.
PORTER-LEATH PRESCHOOL - PROVIDES QUALITY PRESCHOOL EDUCATION AND SUPPORTIVE WRAPAROUND SERVICES FOR ELIGIBLE FOUR-YEAR OLD CHILDREN.
NEXT MEMPHIS - A SHARED SERVICE PROGRAM MODEL THAT HELPS INDEPENDENT CHILD CARE PROVIDERS REDUCE COSTS AND IMPROVE OUTCOMES, SO THAT THEY CAN DIRECT MORE OF THEIR ATTENTION AND RESOURCES INTO THE CLASSROOM AND TO FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlow Martin Chairperson | Trustee | 1 | $0 |
Mark O'malley Secretary | Trustee | 1 | $0 |
Sophie Duffle Vice Chairperson | Trustee | 1 | $0 |
Donna Abney Board Member | Trustee | 1 | $0 |
Gerrie Currie Board Member | Trustee | 1 | $0 |
Brittany Williams Davis Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilco Services Llc Construction | 6/29/23 | $284,884 |
Flintco Llc Construction | 6/29/23 | $257,549 |
Macon Road Landscape Llc Landscaping, Lawn Care | 6/29/23 | $249,221 |
Osb Services Llc Hvac & Mechanical | 6/29/23 | $178,824 |
Fifer & Associates Inc Maintenance And Repair Work | 6/29/23 | $169,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,248 |
| Related organizations | $0 |
| Government grants | $13,439,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,560,309 |
| Noncash contributions included in lines 1a–1f | $6,959 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,115,992 |
| Total Program Service Revenue | $10,556,427 |
| Investment income | $248,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,683 |
| Net Gain/Loss on Asset Sales | $11,069 |
| Net Income from Fundraising Events | $69,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,223,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $301,531 |
| Grants and other assistance to domestic individuals. | $1,525,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $747,418 |
| Compensation of current officers, directors, key employees. | $747,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,688,593 |
| Pension plan accruals and contributions | $247,961 |
| Other employee benefits | $1,732,972 |
| Payroll taxes | $1,266,939 |
| 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 | $527,226 |
| Advertising and promotion | $172,343 |
| Office expenses | $288,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,647,583 |
| Travel | $103,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $233,570 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,244,693 |
| Insurance | $164,204 |
| All other expenses | $289,039 |
| Total functional expenses | $31,400,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,888,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,093,746 |
| 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 | $12,968 |
| Net Land, buildings, and equipment | $36,181,136 |
| Investments—publicly traded securities | $3,562,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,111 |
| Total assets | $47,757,994 |
| Accounts payable and accrued expenses | $2,196,628 |
| 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 | $2,196,628 |
| Net assets without donor restrictions | $38,974,650 |
| Net assets with donor restrictions | $6,586,716 |
| 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 | $47,757,994 |
Grants Awarded
Over the last fiscal year, Porter-Leath has awarded $300,234 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FINGERTIPS ENRICHMENT CENTER PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATION VALUE OF THE CENTER | $21,916 |
KIDDIE LEARNING CENTER PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATION VALUE OF THE CENTER | $68,157 |
BRILLIANT MINDS CHILD DEVELOPMENT CENTER PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATION VALUE OF THE CENTER | $21,079 |
YMCA OF MEMPHIS & THE MID SOUTH PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATION VALUE OF THE CENTER | $39,377 |
GATEWAY LEARNING ACADEMY LLC PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATION VALUE OF THE CENTER | $18,474 |
MEMPHIS CHILDCARE ACADEMY PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATION VALUE OF THE CENTER | $17,822 |