Overview
What is The Portland Foundation?
The Portland Foundation, based in Portland, Indiana, serves as a vital organization dedicated to enhancing the quality of life in Jay County. Established with around 100 separate scholarship trusts, the foundation provides scholarships to students within and around the area. To ensure equitable distribution of scholarships, the foundation meticulously adheres to the specific guidelines set by each scholarship trust. With a mission to build community endowment, The Portland Foundation aims to create a lasting impact on the lives of Jay County's residents, benefiting generations to come. The foundation operates with a small team of four dedicated individuals.
Official website here: www.portlandfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. The Portland Foundation has achieved a high score primarily based on its strong performance in Accountability & Finance. This rating signifies robust financial health and transparency, along with a commitment to ethical governance.
The foundation boasts a fully independent board, scoring 100% in that category, which highlights its dedication to ensuring unbiased decision-making. Additionally, it maintains a strong financial structure with an impressive program expense ratio of 89.04%, indicating that a significant majority of its resources are directed towards its mission-related programs. The organization also has effective oversight mechanisms in place, evidenced by its successful audit and oversight committee.
While the foundation demonstrates exceptional transparency and management standards, it is essential for potential donors and stakeholders to consider its overall mission and impact beyond financial metrics. However, the strong financial ratios reflect that The Portland Foundation is well-managed and can be trusted to utilize donations effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Portland Foundation legitimate?
The Portland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Portland Foundation 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: $73,725
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,356
For more financial information, click here
Official website here: www.portlandfoundation.org
What is the mission statement of The Portland Foundation?
The Portland Foundation's mission is to improve the quality of life for individuals in various communities, with a specific focus on Jay County, Indiana. They aim to achieve this goal by building a community endowment. This involves managing approximately 100 scholarship trusts, established to provide financial assistance to students in and around Jay County. The foundation ensures that the specific guidelines set by each scholarship trust are adhered to when awarding scholarships, with the aim of benefiting the community as a whole. Their ultimate objective is to enhance the quality of life for present and future generations.
Official website here: www.portlandfoundation.org
Who is the CEO of The Portland Foundation?
Douglas L Inman is the Director of The Portland Foundation.
Official website here: www.portlandfoundation.org
What is the revenue of The Portland Foundation?
The Portland Foundation's revenue in 2022 was $680,512.
Official website here: www.portlandfoundation.org
Who are the executives of The Portland Foundation and what are their salaries?
The average compensation at The Portland Foundation during 2022 was $29,020. There are 4 employees at The Portland Foundation.
Here are 10 key members and their salaries:
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Official website here: www.portlandfoundation.org
Where can I find the form 990 for The Portland Foundation?
The Portland Foundation'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
The Portland Foundation, as a nonprofit organization, is committed to enhancing the quality of life for individuals in an unspecified community, aiming for a positive impact that will last for generations. Their mission is centered around building community endowment, which essentially means they work towards accumulating resources for future use to better the lives of the community members.
In practical terms, The Portland Foundation administers around a hundred separate scholarship trusts established to provide financial aid to students in and around their community. They ensure that the guidelines set by each scholarship trust are meticulously followed when awarding scholarships, with the ultimate goal of benefiting the community as a whole. This approach to community development through education is a testament to The Portland Foundation's mission to improve the lives of its community members now and for future generations.
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Impact
July, 2024
The Portland Foundation's impact can be seen in its efforts to enhance the quality of life for the people of Jay County, Indiana. By administering approximately 100 separate scholarship trusts, the foundation ensures that students in and around Jay County have access to educational opportunities through student scholarships. These scholarships not only benefit individual recipients but also contribute to the betterment of the community by investing in its future generations. The foundation's commitment to building community endowment underscores its mission to create lasting positive change for the people of Jay County, both now and for generations to come.
This information is meant to be a general summary of The Portland 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 2022.
- Investment Income: $614,737
- Gross Receipts: $680,512
Assets and Liabilities:
- Total Assets: $22,364,186
- Total Liabilities: $1,707,052
- Net Assets: $20,657,134
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Organization Details
Founding Year
1951
Phone
(260) 726-4260Principal Officer
Douglas L Inman
Main Address
107 S MERIDIAN ST, PORTLAND, IN, 47371
Website
www.portlandfoundation.orgNTEE Category
Code: T31I - Philanthropy
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