Porietis Foundation
- Assets
- $873.2k
- Revenue
- $94.9k
- Investments
- $314.6k
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3362193
Organization Overview
Porietis Foundation is located in Tacoma, WA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porietis Foundation 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 12/2023, Porietis Foundation generated $94.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $79.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS OF $23,000 TO CHARITABLE ORGANIZATIONS FOR CHARITABLE PURPOSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,159 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,210 |
| Net Rental Income | $12,603 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,600 |
| Depreciation | $14,957 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $762 |
| Printing and publications | $0 |
| Other expenses | $22,977 |
| Total operating and administrative expenses | $44,271 |
| Contributions, gifts, grants paid | $35,473 |
| Total expenses and disbursements | $79,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,507 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $483,085 |
| Other assets | $0 |
| Total assets | $873,207 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Porietis Foundation has awarded $35,473 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE HUMANE SOCIETY OF PIERCE COUNTY PURPOSE: CHARITABLE DONATION | $16,000 |
BOYS GIRLS CLUBS OF SOUTH PUGET SOU PURPOSE: CHARITABLE DONATION | $6,000 |
PONY UP RESCUE FOR EQUINES PURPOSE: CHARITABLE DONATION | $2,000 |
KITSAP HUMANE SOCIETY PURPOSE: CHARITABLE DONATION | $2,000 |
EMERGENCY FOOD NETWORK PURPOSE: CHARITABLE DONATION | $2,095 |
FAMILY PROMISE OF PIERC COUNTY PURPOSE: CHARITABLE DONATION | $1,000 |