Civic Intelligence

Porter Foundation Inc

EIN 11-3155440 • 501(c)3 • Brooklyn, NY

Profile

Provides scholarships to students in need. During 2017, 14 recepients were awarded a total of $21,000 and were acknowledge in a special function.

278 Clinton AvenueBrooklyn, NY 11205
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.45x

Higher debt load relative to assets than 86% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

3.89x

Higher debt load relative to revenue than 98% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2019

Net Margin

75th percentile

27%

Higher net margin than 75% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2019

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE A • <$500k nonprofits • Source year 2019

Asset Growth

45th percentile

-0.5%

Faster asset growth than 45% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-30%

Faster revenue growth than 24% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$358,740

Down $1,797 (-0.5%) from 2018

Liabilities

Down

$163,055

Down $13,303 (-7.5%) from 2018

Net Assets

Up

$195,685

Up $11,506 (+6.2%) from 2018

Revenue

Down

$41,941

Down $17,774 (-30%) from 2018

Expenses

Down

$30,435

Down $23,500 (-44%) from 2018

Net Income

Up

$11,506

Up $5,726 (+99%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $947,487Liabilities 2011: $805,484Net Assets 2011: $142,0032011Assets 2012: $232,804Liabilities 2012: $32,821Net Assets 2012: $199,9832012Assets 2013: $350,395Liabilities 2013: $156,631Net Assets 2013: $193,7642013Assets 2014: $390,418Liabilities 2014: $203,730Net Assets 2014: $186,6882014Assets 2015: $381,683Liabilities 2015: $201,930Net Assets 2015: $179,7532015Assets 2016: $367,592Liabilities 2016: $197,041Net Assets 2016: $170,5512016Assets 2017: $367,372Liabilities 2017: $188,973Net Assets 2017: $178,3992017Assets 2018: $360,537Liabilities 2018: $176,358Net Assets 2018: $184,1792018Assets 2019: $358,740Liabilities 2019: $163,055Net Assets 2019: $195,6852019

Highlighted filing

2019

Assets$358,740
Liabilities$163,055
Net Assets$195,685

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $75,767Expenses 2011: $80,238Net Income 2011: -$4,4712011Expenses 2012: $329,5832012Revenue 2013: $21,320Expenses 2013: $27,539Net Income 2013: -$6,2192013Revenue 2014: $17,323Expenses 2014: $24,399Net Income 2014: -$7,0762014Revenue 2015: $62,535Expenses 2015: $69,470Net Income 2015: -$6,9352015Revenue 2016: $31,215Expenses 2016: $40,417Net Income 2016: -$9,2022016Revenue 2017: $50,460Expenses 2017: $42,612Net Income 2017: $7,8482017Revenue 2018: $59,715Expenses 2018: $53,935Net Income 2018: $5,7802018Revenue 2019: $41,941Expenses 2019: $30,435Net Income 2019: $11,5062019

Highlighted filing

2019

Revenue$41,941
Expenses$30,435
Net Income$11,506

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.1
Gross Receipts
$41,941
Mission and Program Overview

Mission

Provides scholarships to students in need. During 2012, 15 recepients were awarded a total of $15,000 and were acknowledge in a special function.

Provides scholarships to students in need. During 2019, 9 recepients were awarded a total of $13,500 and were acknowledge in a special function.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$350,000$350,000→ $0
Loans From Officers Directors$143,537$130,234▼ $13,303
Accounts Receivable$12,000$12,000→ $0
Cash and Non-Interest-Bearing Accounts$2,701$904▼ $1,797
Rtn Earn Endowment Incm Other Fnds$-165,821$-154,315▲ $11,506
Total Assets$360,537$358,740▼ $1,797
Other Assets Total$345,836$345,836→ $0
Liabilities
Other Liabilities$32,821$32,821→ $0
Total Liabilities$176,358$163,055▼ $13,303
Net Assets / Fund Balance
Total Net Assets Fund Balance$184,179$195,685▲ $11,506
Total Liabilities and Net Assets / Fund Balance$360,537$358,740▼ $1,797

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$345,836--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alfred PorterPresident
Doris PorterVice President
Alfred Porter JrFinancial Secretary
Keisha SpiveySecretary
Sean PorterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,941
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$11,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,435
Total Fundraising Expense$11,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$13,500-$1,100$14,600
Other Expenses-$1,000$2,234$2,234
Office Expenses-$2,033-$2,033
Fees for Services Accounting-$1,400-$1,400
Travel$800--$800
Advertising--$590$590
Total Functional Expenses$14,300$4,511$11,624$30,435
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$143,537$130,234▼ $13,303
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Adas Inc$32,821
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The president and vice president are husband and wife whose sons are the treasurer and financial secretary

Form 990 governing body review Part VI line 11

A copy of form 990 was given to all members of the governing body before filing

Conflict of interest policy compliance Part VI line 12C

At annual meeting all officers are required to disclosed interests that can give rise to conflicts

CEO executive director top management comp Part VI line 15A

As a result of funds avalability, no compensation is offered to officers

Other officer or key employee compensation Part VI line 15B

As a result of avalable funds, no compensation is offered to other officers

Governing documents etc available to public Part VI line 19

The governing documents, conflict of interest policy and financial statements avalability is opened to the public upon request.

Filing and Contact Details

Filer

Filer Name
Porter Foundation Inc
EIN
11-3155440
Address
278 CLINTON AVENUE, Brooklyn, NY 11205

Signing Officer

Name
Alfred Porter
Title
President
Phone
7187895284
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
6
Employees
0

Preparer

Firm
David N Skeete CPA
Address
162 East 49th Street, Brooklyn, NY 11203
Preparer
David Skeete
Phone
7187785064
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

During 2019 recepients were awarded scholarships and were acknowledged in a special function. These expenses are related to the organizations mission

List of other expenses Part IX line 24E

Scholarships 13,500fundraising expenses 1,100 during 2019 recepients were awarded scholarships and were acknowledged in a special function. These expenses are related to the organizations mission

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVALABILITY IS OPENED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING 2019 RECEPIENTS WERE AWARDED SCHOLARSHIPS AND WERE ACKNOWLEDGED IN A SPECIAL FUNCTION. THESE EXPENSES ARE RELATED TO THE ORGANIZATIONS MISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SCHOLARSHIPS 13,500FUNDRAISING EXPENSES 1,100 DURING 2019 RECEPIENTS WERE AWARDED SCHOLARSHIPS AND WERE ACKNOWLEDGED IN A SPECIAL FUNCTION. THESE EXPENSES ARE RELATED TO THE ORGANIZATIONS MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04511
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014300
IRS990/TotalFunctionalExpensesGrp/TotalAmt030435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176358
IRS990/TotalLiabilitiesEOYAmt0163055
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041941
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0360537
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0358740
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0800
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALFRED PORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187895284
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PORTER FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PORT
ReturnHeader/Filer/EIN0113155440
ReturnHeader/Filer/USAddress/AddressLine1Txt0278 CLINTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011205
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId033EA9C97B8E7A84E1073A01098365B6DE182AE6B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId033EA9C97B8E7A84E1073A01098365B6DE182AE6B
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId011286620201655fhbaw3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-06-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.105.61.22
ReturnHeader/FilingSecurityInformation/IPDt02020-06-13
ReturnHeader/FilingSecurityInformation/IPTm006:46:31
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David N Skeete CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0162 East 49th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011203
ReturnHeader/PreparerPersonGrp/PhoneNum07187785064
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Skeete
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-06-13T06:44:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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