Portal Learning
- Assets
- $641.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Hermosa Beach, CA
- Founding
- Data as of
- 06/2023
- EIN
- 84-3298910
Organization Overview
Portal Learning is located in Hermosa Beach, CA. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Portal Learning employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portal Learning 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, Portal Learning generated $1.0m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORTAL SCHOOLS DELIVERS HIGH SCHOOL, COLLEGE, AND CAREER IMMERSION ALL ON ONE CAMPUS. OUR INTENTIONALLY DIVERSE COMMUNITIES AND PERSONALIZED APPROACH TO LEARNING EMPOWERS STUDENTS TO FIND THEIR VOICE, BLAZE THEIR OWN TRAIL, AND THRIVE AS ENGAGED CITIZENS. WITH INTERACTIVE LEARNING AND ON-THE-JOB EXPERIENCE, PORTAL HAS REDEFINED EDUCATION TO SUPPORT THE NEEDS OF YOUNG MINDS IN AN EVOLVING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORTAL SCHOOLS DELIVERS HIGH SCHOOL, COLLEGE, AND CAREER IMMERSION ALL ON ONE CAMPUS. OUR INTENTIONALLY DIVERSE COMMUNITIES AND PERSONALIZED APPROACH TO LEARNING EMPOWERS STUDENTS TO FIND THEIR VOICE, BLAZE THEIR OWN TRAIL, AND THRIVE AS ENGAGED CITIZENS. WITH INTERACTIVE LEARNING AND ON-THE-JOB EXPERIENCE, PORTAL HAS REDEFINED EDUCATION TO SUPPORT THE NEEDS OF YOUNG MINDS IN AN EVOLVING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Wayland CFO | OfficerTrustee | 5 | $0 |
Antonieta Arango Board Member | Trustee | 5 | $0 |
Dr Frank Baxter Board Member | OfficerTrustee | 5 | $0 |
Dr Milo Dodson Board Member | Trustee | 5 | $0 |
Michael Druckman Board Member | Trustee | 5 | $0 |
Paul Escala Board Member | Trustee | 5 | $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 | $669,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,119 |
| Total Program Service Revenue | $377,195 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,046,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $760,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,978 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244,949 |
| Travel | $40,357 |
| 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 | $15,202 |
| All other expenses | $138,720 |
| Total functional expenses | $1,739,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,277 |
| 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 | $26,550 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $641,277 |
| Accounts payable and accrued expenses | $99,807 |
| 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 | $99,807 |
| Net assets without donor restrictions | $541,470 |
| 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 | $641,277 |