Overview
What is Portal?
Portal is a nonprofit organization, headquartered in Pueblo, Colorado, with a mission to uplift impoverished individuals in developing countries. They achieve this by developing and distributing essential resources, such as transportation, tools, and education, that enable these individuals to generate sustainable income. In 2022, Portal supported 10 entrepreneurs in Colorado by providing them with cargo bicycles to grow their businesses, and also started a new business in Nepal, producing silicone liners for prosthetic devices. These liners protect the skin of amputees, extending the duration and distance they can comfortably use their prosthetics. The lack of such liners often leaves people immobilized and marginalized in their communities. Portal continues to collaborate with local businesses and healthcare professionals to improve and refine the production of these liners.
Official website here: www.portalgives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Portal has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based solely on its Accountability & Finance beacon, where it scored perfectly in several areas, including having a fully independent board and no material diversion of assets. These factors reflect the organization's commitment to ethical governance and transparency.
The nonprofit demonstrates strong operational practices, with all board members being independent and various policies, such as conflict of interest and whistleblower protections, firmly in place. Portal's financial metrics are also solid, with a low liabilities-to-assets ratio of 2.04%, highlighting their strong financial standing. Additionally, the reporting of board meeting minutes and adherence to document retention policies further bolster their governance practices.
However, the program expense ratio stands at 66.31%, which, while respectable, leaves room for improvement as it indicates that a portion of expenses are not directly funneled into programming. Overall, Portal showcases a robust governance structure and financial health, but there is an opportunity to enhance programmatic spending for even greater impact.
This AI summary has been generated from information found on Charity Navigator.
Is Portal legitimate?
Portal is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portal 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: $31,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.portalgives.org
What is the mission statement of Portal?
Portal's mission is to empower and transform the lives of impoverished individuals in developing countries. They achieve this by developing and providing essential transportation, tools, and education, enabling these people to generate sustainable income. In 2022, Portal supported 10 new entrepreneurs with cargo bicycles and provided coaching and mentoring. They also assisted in the incubation of a new business in Nepal, producing silicone liners for prosthetic devices. These liners protect the skin from sores, allowing people to use their prosthetics for longer periods, thereby improving their mobility and integration into communities.
Official website here: www.portalgives.org
Who is the CEO of Portal?
Emily Spear is the Executive Director of Portal.
Official website here: www.portalgives.org
What is the revenue of Portal?
Portal's revenue in 2022 was $43,877.
Official website here: www.portalgives.org
Who are the executives of Portal and what are their salaries?
The average compensation at Portal during 2022 was $31,500. There is 1 employee at Portal.
Here are 6 key members and their salaries:
- Compensation: $31,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.portalgives.org
Where can I find the form 990 for Portal?
Portal's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.portalgives.org
Learn more at the official website: www.portalgives.org
Mission Statement of Portal
Portal, a nonprofit organization, aims to empower and transform the lives of impoverished individuals in developing countries. It achieves this by developing and providing essential transportation, tools, and education, enabling these individuals to generate sustainable incomes. In 2022, Portal supported ten new entrepreneurs by providing them with cargo bicycles to grow their businesses and continued to offer coaching and mentoring. Additionally, Portal supported the incubation of a new business in Nepal, a 100% locally owned and operated enterprise that manufactures silicone liners for prosthetic devices. These liners protect the skin of amputees from sores and extend the duration and distance they can use their prosthetics. The lack of access to these liners often leads to immobilization, rejection, abuse, or neglect in communities. This new business will continue to collaborate with prosthetists, orthotists, and local businesses to improve and modify prosthetic liner production.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Portal's impact can be seen in the lives of impoverished individuals in developing countries who have been empowered and transformed through the provision of transportation, tools, and education to help them achieve sustainable incomes. In 2022, Portal supported 10 new entrepreneurs by providing them with cargo bicycles to expand their small businesses. Additionally, Portal facilitated the incubation of a new business in Nepal that produces silicone liners for amputees' residual limbs, enabling them to comfortably use prosthetic devices. These liners extend the functionality and lifespan of prosthetics, addressing a critical need in the market where affordability and accessibility are significant barriers. Through these initiatives, Portal is making a tangible difference in the lives of marginalized individuals, promoting mobility, inclusion, and economic empowerment.
This information is meant to be a general summary of Portal. 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.
- Program Service Revenue: $89
- Gross Receipts: $43,877
Assets and Liabilities:
- Total Assets: $5,693
- Total Liabilities: $117
- Net Assets: $5,576
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM
Revenue
$89
Organization Details
Founding Year
2013
Phone
(719) 214-8968Principal Officer
Emily Spear
Main Address
184 ENCINO DR, PUEBLO, CO, 81005
Website
www.portalgives.orgNTEE Category
Code: X20 - Religion related
If you are a representative of Portal and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.