Overview
What is Portsmouth Partnership Inc?
Portsmouth Partnership Inc, located in Portsmouth, Virginia, is a nonprofit organization with a mission to stimulate industrial and economic growth within the city. Their primary objective is to support, enhance, and develop existing industries, while also aiding prospective industries in acquiring necessary land and buildings for their operations within the city. This organization plays a crucial role in promoting the city's industrial and economic development, contributing to the overall prosperity of Portsmouth, Virginia.
Is Portsmouth Partnership Inc legitimate?
Portsmouth Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Portsmouth Partnership 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.
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What is the mission statement of Portsmouth Partnership Inc?
Portsmouth Partnership Inc is dedicated to encouraging industrial and economic growth within its operations. The organization aims to support existing industries, improve their operations, and stimulate further development. Additionally, Portsmouth Partnership Inc assists prospective industries in acquiring necessary land and buildings for their operations within the city. The ultimate goal is to foster a thriving industrial landscape, contributing to the overall economic growth and development.
Who is the CEO of Portsmouth Partnership Inc?
Dr Johnny Garcia is the President of Portsmouth Partnership Inc.
What is the revenue of Portsmouth Partnership Inc?
Portsmouth Partnership Inc's revenue in 2022 was $353,707.
Who are the executives of Portsmouth Partnership Inc and what are their salaries?
There 51 volunteers at Portsmouth Partnership Inc.
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Where can I find the form 990 for Portsmouth Partnership Inc?
Portsmouth Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portsmouth Partnership Inc
Portsmouth Partnership Inc, a nonprofit organization, is dedicated to stimulating interest and fostering the economic and industrial development of its unspecified city. Its mission is multifaceted, encompassing three key areas. Firstly, it aims to assist and improve existing industries within the city. Secondly, it seeks to develop these industries further. Lastly, Portsmouth Partnership Inc plays a crucial role in helping prospective industries acquire the necessary land and buildings for their operation within the city. By undertaking these tasks, the organization contributes to the overall growth and prosperity of the city's industrial sector.
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Impact
October, 2024
Portsmouth Partnership Inc significantly influences the industrial and economic landscape of Portsmouth, Virginia, by actively stimulating interest in development initiatives throughout the city. Its efforts focus on enhancing and improving existing industries, facilitating their growth, and supporting prospective industries in securing necessary land and infrastructure for operational needs.
By fostering a supportive environment for both current and future businesses, Portsmouth Partnership Inc plays a crucial role in driving economic growth, creating job opportunities, and enhancing the overall quality of life in the community. Through targeted assistance and development strategies, it helps to ensure that Portsmouth remains a competitive and attractive location for businesses to thrive, ultimately benefiting the local economy and residents.
This information is meant to be a general summary of Portsmouth Partnership 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: $40,489
- Program Service Revenue: $301,155
- Gross Receipts: $353,707
Assets and Liabilities:
- Total Assets: $1,432,733
- Total Liabilities: $426,858
- Net Assets: $1,005,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOM MEMBER INCOME
Revenue
$242,522
MEMBERSHIP DUES
Revenue
$58,633
Organization Details
Founding Year
1983
Phone
(757) 397-8473Principal Officer
Dr Johnny Garcia
Main Address
739 HIGH STREET, PORTSMOUTH, VA, 23704
NTEE Category
Code: S40 - Community improvement
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