Overview
What is The Portland Foundation Inc?
The Portland Foundation Inc, based in Portland, Indiana, is a nonprofit organization with a team of four dedicated individuals. Their primary mission is to improve the lives of people in Jay County, Indiana, for both present and future generations. They accomplish this by managing approximately 100 separate scholarship trusts, each established for providing student scholarships in the local area. The foundation adheres to the unique guidelines set by each scholarship trust when awarding these scholarships, thereby uplifting the community. Their ultimate goal is to build a strong and prosperous community endowment, ultimately enhancing the overall quality of life for the residents of Jay County, Indiana.
Official website here: www.portlandfoundation.org
Is The Portland Foundation Inc legitimate?
The Portland Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Portland Foundation 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: $61,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,476
For more financial information, click here
Official website here: www.portlandfoundation.org
What is the mission statement of The Portland Foundation Inc?
The Portland Foundation Inc's mission is centered around enhancing the quality of life for individuals in various capacities. Specifically, their goal is to build a community endowment that will benefit future generations. In pursuit of this mission, they administer around 100 separate scholarship trusts, ensuring that specific guidelines established by each scholarship trust are adhered to when awarding scholarships. This practice aims to better the community as a whole.
Official website here: www.portlandfoundation.org
Who is the CEO of The Portland Foundation Inc?
Douglas L Inman is the Director of The Portland Foundation Inc.
Official website here: www.portlandfoundation.org
What is the revenue of The Portland Foundation Inc?
The Portland Foundation Inc's revenue in 2022 was $1,042,006.
Official website here: www.portlandfoundation.org
Who are the executives of The Portland Foundation Inc and what are their salaries?
The average compensation at The Portland Foundation Inc during 2022 was $24,306. There are 4 employees at The Portland Foundation Inc.
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Official website here: www.portlandfoundation.org
Where can I find the form 990 for The Portland Foundation Inc?
The Portland Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.portlandfoundation.org
Learn more at the official website: www.portlandfoundation.org
Mission Statement of The Portland Foundation Inc
The Portland Foundation Inc, in its mission, aims to enhance the quality of life for individuals within a specific community, in this case, Jay County, Indiana. The organization accomplishes this by building community endowment. In simpler terms, The Portland Foundation Inc works towards improving the lives of people in Jay County, both now and for future generations, by establishing and managing various endowment funds. One of their key initiatives involves administering around a hundred scholarship trusts, established to provide financial aid to students residing in or around Jay County. The foundation ensures that the specific guidelines set by each scholarship trust are followed meticulously while awarding scholarships, thereby contributing positively to the community.
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Impact
October, 2024
The Portland Foundation Inc. significantly enhances the quality of life for the residents of Jay County, Indiana, by focusing on community endowment and scholarship support. Through the administration of approximately 100 scholarship trusts, the foundation provides vital financial assistance to students in and around Jay County, ensuring that they have the opportunity to pursue higher education and develop their potential.
By adhering to the specific guidelines set by each scholarship trust, the foundation not only facilitates educational opportunities but also fosters a culture of giving and community support. This commitment to building a sustainable endowment means that the benefits of their work will extend beyond current generations, creating lasting positive impacts on the community's future.
Overall, The Portland Foundation’s initiatives contribute to the social and educational fabric of Jay County, helping to cultivate a more prosperous and empowered population while directly addressing the needs of its residents.
This information is meant to be a general summary of The Portland Foundation 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: $511,734
- Gross Receipts: $1,042,006
Assets and Liabilities:
- Total Assets: $19,236,092
- Total Liabilities: $0
- Net Assets: $19,236,092
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Organization Details
Founding Year
1997
Phone
(260) 726-4260Principal Officer
Douglas L Inman
Main Address
107 S MERIDIAN ST, PORTLAND, IN, 47371
Website
www.portlandfoundation.orgNTEE Category
Code: T30Z - Philanthropy
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