Overview
What is Portage Industries Inc?
Portage Industries Inc, located in Ravenna, Ohio, is a nonprofit organization dedicated to providing a range of human and employment services for individuals enrolled in their program. Their primary focus is on an adult day program designed to support individuals with developmental disabilities. This program aims to help these individuals lead fulfilling lives, engage in work opportunities, form friendships, and contribute as active members of their community. The organization boasts a workforce of 170 dedicated individuals committed to making a difference in the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Portage Industries Inc has achieved a 90% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This rating is primarily based on a single beacon score, emphasizing the nonprofit's commitment to transparency and effective financial management. The organization demonstrates a solid governance structure with a fully independent board, ensuring that decision-making is free from conflicts of interest.
The financial health of Portage Industries is further supported by its low liabilities to assets ratio of 37.59%, indicating a robust balance sheet. Additionally, the organization allocates a significant portion of its resources to its programs, with a program expense ratio of 92.40%. This high percentage suggests that most funds are directed towards achieving the nonprofit's mission rather than administrative costs.
While the data reflects strong accountability and financial practices, the summary does not mention any specific programs or services provided by Portage Industries. As such, potential donors may seek additional information about the organization's impact and effectiveness in its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is Portage Industries Inc legitimate?
Portage Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage Industries Inc submitted a form 990, 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: $126,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $956,411
For more financial information, click here
What is the mission statement of Portage Industries Inc?
Portage Industries Inc's mission is centered around providing an adult day program for individuals with developmental disabilities. The primary goal is to support these individuals in experiencing various aspects of life, including living, working, forming friendships, and contributing as active members of their community. Through this program, Portage Industries Inc aims to empower these individuals, enabling them to lead fulfilling lives as active citizens. The organization provides a range of human and employment services to participants enrolled in the program, with the ultimate aim of fostering their independence and integration into society.
Who is the CEO of Portage Industries Inc?
Philip E Miller is the Ceo of Portage Industries Inc. The CEO's salary of Portage Industries Inc is $126,222 and their total compensation is $126,222.
What is the revenue of Portage Industries Inc?
Portage Industries Inc's revenue in 2022 was $4,007,894.
Who are the executives of Portage Industries Inc and what are their salaries?
The average compensation at Portage Industries Inc during 2022 was $6,368. There are 170 employees at Portage Industries Inc.
Here are 10 key members and their salaries (Portage Industries Inc's CEO's salary is $126,222 and their total compensation is $126,222):
- Compensation: $126,222
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Where can I find the form 990 for Portage Industries Inc?
Portage Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portage Industries Inc
Portage Industries Inc is dedicated to serving individuals with developmental disabilities, aiming to support them in experiencing a fulfilling life, gaining employment opportunities, forming friendships, and contributing as active members of their community. The organization's mission is centered around providing an adult day program that caters to these needs, ensuring that the enrolled participants have access to various human services and employment resources. By offering a diverse range of support, Portage Industries Inc enables individuals with developmental disabilities to lead meaningful lives and actively participate in their community.
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Impact
October, 2024
Portage Industries Inc plays a vital role in enhancing the quality of life for individuals with developmental disabilities in Ravenna, Ohio. By offering an adult day program, the organization creates a supportive environment where participants can engage in meaningful activities that promote independence and personal growth.
Through a variety of human and employment services, Portage Industries Inc empowers individuals to experience the joys of living, working, and forming friendships, ultimately fostering a sense of belonging and contribution to their community. This focus on inclusivity not only benefits participants but also enriches the community as a whole, encouraging a culture of understanding and support for all individuals, regardless of their abilities. The organization’s dedication to fulfilling its mission significantly impacts the lives of those it serves, helping them to realize their potential and live more fulfilling lives.
This information is meant to be a general summary of Portage Industries Inc. 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 2022.
- Investment Income: $1,859
- Program Service Revenue: $2,915,896
- Gross Receipts: $4,018,160
Assets and Liabilities:
- Total Assets: $3,514,306
- Total Liabilities: $994,939
- Net Assets: $2,519,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT WORK
Revenue
$628,718
JOB & FAMILY SERVICES
Revenue
$238,897
MASCO SERVICES
Revenue
$219,844
MEDICAID PROVIDER INCOME
Revenue
$1,691,741
PCBDD SERVICES INCOME
Revenue
$74,283
Organization Details
Founding Year
1970
Phone
(330) 296-3996Principal Officer
Philip E Miller
Main Address
7008 STATE ROUTE 88, RAVENNA, OH, 44266
NTEE Category
Code: J33Z - Employment
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