Overview
What is Porter Foundation?
The Porter Foundation is a nonprofit organization dedicated to preserving the environment, specifically endangered pine tree species, while empowering disadvantaged young adults to become successful agribusiness entrepreneurs. Through its training program, the Foundation collaborates with consultants to develop comprehensive training sessions and produces a manual for effective learning. The organization has expanded its reach, engaging with state forestry and community college officials to explore synergistic efforts that could help launch more minority-owned green businesses. Over the past year, several new or expanded businesses have emerged under the Foundation's guidance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating.
The Porter Foundation holds a moderate rating of 63% from Charity Navigator, indicating some concerns regarding its financial accountability and governance practices. While it has successfully demonstrated strong program expense ratios and a commendable handling of liabilities, the absence of independent board members and deficiencies in governance policies have contributed to its lower overall score.
Strengths highlighted include minimal material diversion of assets and a well-documented conflict of interest policy, which reflects some level of operational integrity. However, the organization lacks essential governance practices such as a whistleblower policy and proper document retention processes, which are critical for transparency and accountability.
Overall, while the foundation manages its finances adequately in certain areas, the lack of independent oversight and governance weaknesses pose limitations that potential donors and stakeholders should consider when evaluating the organization's effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Porter Foundation legitimate?
Porter Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porter Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Porter Foundation?
The Porter Foundation is dedicated to preserving the environment, with a particular focus on endangered species of pine trees. Simultaneously, the organization seeks to empower disadvantaged young adults by teaching them the skills necessary to become successful agribusiness entrepreneurs. To achieve this, the foundation offers extensive training programs, working with consultants to further develop these sessions and producing a training manual. The Foundation has also been in discussions with state forestry and community college officials to collaborate on a synergistic effort aimed at launching more minority-owned agribusinesses. Throughout the past year, several green businesses have been started or expanded as a result of the foundation's efforts.
What is the revenue of Porter Foundation?
Porter Foundation's revenue in 2023 was $50,000.
Who are the executives of Porter Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990EZ for Porter Foundation?
Porter Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Porter Foundation
The Porter Foundation is dedicated to the preservation of the environment, with a particular focus on endangered species of pine trees. Beyond this, the Foundation strives to empower disadvantaged young adults, providing them with the skills to create jobs and establish themselves as agribusiness entrepreneurs. To further this mission, the Foundation has been expanding its training program, working closely with consultants to develop additional sessions and producing a comprehensive manual.
In a bid to maximize the impact of its efforts, the Foundation has been in discussions with state forestry and community college officials regarding a collaborative initiative aimed at training and launching more minority agribusinesses. The results of these collaborations have been evident this past year, with several green businesses either starting up or expanding as a result. The Porter Foundation's mission encapsulates not just environmental conservation, but also social and economic development, making it a unique and forward-thinking organization in its field.
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Impact
June, 2024
Porter Foundation's impact can be seen in its efforts to protect and nurture the environment, especially endangered species of pine trees. Additionally, the foundation plays a crucial role in teaching disadvantaged young adults how to create jobs and become agribusiness entrepreneurs. By expanding its training program, collaborating with consultants, and working with state forestry and community college officials, Porter Foundation is making strides in training and launching more minority agribusinesses. Several green businesses have been started or expanded as a result of the Foundation's efforts.
This information is meant to be a general summary of Porter Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $50,000
Assets and Liabilities:
- Total Assets: $267,090
- Total Liabilities: $0
- Net Assets: $267,090
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Organization Details
Principal Officer
Jeroen Kaijser-Bots
NTEE Category
Code: C30 - Environment
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