Civic Intelligence

Porter Foundation Inc

990 • Fiscal year 2016 • EIN 11-3155440

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 27, 2017

Organization Profile
278 Clinton AvenueBrooklyn, NY 11205

(718) 789-5284

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.54x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

6.31x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Asset Growth

39th percentile

-3.7%

Faster asset growth than 39% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-50%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$367,592

Down $14,091 (-3.7%) from 2015

Net Assets

Down

$170,551

Down $9,202 (-5.1%) from 2015

Liabilities

Down

$197,041

Down $4,889 (-2.4%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin12th percentile

Revenue

Down

$31,215

Down $31,320 (-50%) from 2015

Expenses

Down

$40,417

Down $29,053 (-42%) from 2015

Net Income

Down

-$9,202

Down $2,267 (-33%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$367,592
Liabilities$197,041
Net Assets$170,551
Open 2016 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$31,215
Expenses$40,417
Net Income-$9,202
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 27, 2017
Return Version
2016v3.0
Gross Receipts
$31,215
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 2016, 12 recepients were awarded a total of $12,600 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
Investments Other Securities$205,338--
Loans From Officers Directors$169,109$164,220▼ $4,889
Accounts Receivable$12,000$12,000→ $0
Cash and Non-Interest-Bearing Accounts$16,109$7,356▼ $8,753
Rtn Earn Endowment Incm Other Fnds$-170,247$-179,449▼ $9,202
Total Assets$381,683$367,592▼ $14,091
Other Assets Total$148,236$348,236▲ $200,000
Liabilities
Other Liabilities$32,821$32,821→ $0
Total Liabilities$201,930$197,041▼ $4,889
Net Assets / Fund Balance
Total Net Assets Fund Balance$179,753$170,551▼ $9,202
Total Liabilities and Net Assets / Fund Balance$381,683$367,592▼ $14,091

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$348,236--
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$28,020
Program Service Revenue
$0
Investment Income
$3,195
Other Revenue
$0
Change in Net Assets
$-9,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,417
Total Fundraising Expense$15,456
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$12,604$2,023$15,456$30,083
Other Expenses-$7,420-$7,420
Fees for Services Management-$2,414-$2,414
Fees for Services Accounting-$500-$500
Total Functional Expenses$12,604$12,357$15,456$40,417
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon----
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$169,109$164,220▼ $4,889
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 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
2017-03-27
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
6
Employees
0

Preparer

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

Additional Explanations

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

“During 2016 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

“Professional fees 500scholarships 12600bank charges 4donation 1200storage 725miscellaneous 98promotion 1390supplies 4041space rental 10020 during 2015 recepients were awarded scholarships and were acknowledged in a special function. These expenses are related to the organizations mission”

Raw XML Appendix350 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/ExplanationTxt0THE PRESIDENT AND VICE PRESIDENT ARE HUSBAND AND WIFE WHOSE SONS ARE THE TREASURER AND FINANCIAL SECRETARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS GIVEN TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT ANNUAL MEETING ALL OFFICERS ARE REQUIRED TO DISCLOSED INTERESTS THAT CAN GIVE RISE TO CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A RESULT OF FUNDS AVALABILITY, NO COMPENSATION IS OFFERED TO OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS A RESULT OF AVALABLE FUNDS, NO COMPENSATION IS OFFERED TO OTHER OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVALABILITY IS OPENED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING 2016 RECEPIENTS WERE AWARDED SCHOLARSHIPS AND WERE ACKNOWLEDGED IN A SPECIAL FUNCTION. THESE EXPENSES ARE RELATED TO THE ORGANIZATIONS MISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL FEES 500SCHOLARSHIPS 12600BANK CHARGES 4DONATION 1200STORAGE 725MISCELLANEOUS 98PROMOTION 1390SUPPLIES 4041SPACE RENTAL 10020 DURING 2015 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/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03195
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt031215
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0381683
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ALFRED PORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187895284
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-27
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0789BF44929512C2028696D8F073BE9AAB78A27E2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0789BF44929512C2028696D8F073BE9AAB78A27E2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01128662017093rltacm2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-04-03
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.38.95.164
ReturnHeader/FilingSecurityInformation/IPDt02017-04-03
ReturnHeader/FilingSecurityInformation/IPTm005:03:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113348265
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/PreparationDt02017-04-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Skeete CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-04-03T05:01:36-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$367,592
Liabilities
$197,041
Net assets
$170,551
Revenue
$31,215
Expenses
$40,417
Net income
-$9,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$3.59$1.63$1.96$0.42$0.30$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.61$1.76$1.84$0.60$0.54$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.67$1.89$1.78$0.50$0.43$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.68$1.97$1.71$0.31$0.40$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.82$2.02$1.80$0.63$0.69$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.90$2.04$1.87$0.17$0.24$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.50$1.57$1.94$0.21$0.28$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.33$2.00$3.30
2011Summary only. Only limited summary data is available for this year.$9.47$8.05$1.42$0.76$0.80$0.04