Civic Intelligence

Porter Foundation Inc

990 • Fiscal year 2017 • EIN 11-3155440

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 21, 2018

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

86th percentile

0.51x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

3.75x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

45th percentile

-0.1%

Faster asset growth than 45% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

62%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$367,372

Down $220 (-0.1%) from 2016

Net Assets

Up

$178,399

Up $7,848 (+4.6%) from 2016

Liabilities

Down

$188,973

Down $8,068 (-4.1%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin73rd percentile

Revenue

Up

$50,460

Up $19,245 (+62%) from 2016

Expenses

Up

$42,612

Up $2,195 (+5.4%) from 2016

Net Income

Up

$7,848

Up $17,050 (+185%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2017

Assets$367,372
Liabilities$188,973
Net Assets$178,399
Open 2017 Filing

Operations Trend

Revenue Growth86th 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

2017

Revenue$50,460
Expenses$42,612
Net Income$7,848
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 21, 2018
Return Version
2017v2.2
Gross Receipts
$50,460
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 2017, 14 recepients were awarded a total of $21,000 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$164,220$156,152▼ $8,068
Accounts Receivable$12,000$12,000→ $0
Cash and Non-Interest-Bearing Accounts$7,356$7,136▼ $220
Rtn Earn Endowment Incm Other Fnds$-179,449$-171,601▲ $7,848
Total Assets$367,592$367,372▼ $220
Other Assets Total$348,236$348,236→ $0
Liabilities
Other Liabilities$32,821$32,821→ $0
Total Liabilities$197,041$188,973▼ $8,068
Net Assets / Fund Balance
Total Net Assets Fund Balance$170,551$178,399▲ $7,848
Total Liabilities and Net Assets / Fund Balance$367,592$367,372▼ $220

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$348,236--
Compensation and Service Providers
Top Officer Pay71st 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
$50,460
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,700
Change in Net Assets
$7,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,612
Total Fundraising Expense$17,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$21,015--$21,015
Other Expenses-$1,760$6,329$6,329
Fees for Services Management-$1,540-$1,540
Fees for Services Accounting-$1,200-$1,200
Advertising--$955$955
Total Functional Expenses$21,015$4,500$17,097$42,612
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$164,220$156,152▼ $8,068
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
Doris Porter
Title
President
Phone
7187895284
Signed
2018-03-21
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
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 2017 recepients were awarded scholarships and were acknowledged in a special function. These expenses are related to the organizations mission”

Raw XML Appendix356 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 2017 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/ManagementAndGeneralAmt04500
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050460
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0367592
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IRS990/TotReportableCompRltdOrgAmt00
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DORIS PORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187895284
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-21
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/AtSubmissionFilingDeviceId033EA9C97B8E7A84E1073A01098365B6DE182AE6B
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-04-10
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.105.53.211
ReturnHeader/FilingSecurityInformation/IPDt02018-04-10
ReturnHeader/FilingSecurityInformation/IPTm020:43:11
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/PreparationDt02018-04-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Skeete
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-04-10T20:41:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$367,372
Liabilities
$188,973
Net assets
$178,399
Revenue
$50,460
Expenses
$42,612
Net income
$7,848
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