Civic Intelligence

Porter Foundation

990 • Fiscal year 2011 • EIN 27-0635624

Jan 01, 2011 to Dec 31, 2011 • Filed on Sep 26, 2012

108 Cottonwood Drive27282
Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$207,159

No earlier filing loaded for comparison.

Net Assets

$207,159

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$6,956,107

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $207,159Liabilities 2011: $0Net Assets 2011: $207,1592011Assets 2012: $212,277Liabilities 2012: $95,661Net Assets 2012: $116,6162012Assets 2013: $1,664,823Liabilities 2013: $312,464Net Assets 2013: $1,352,3592013Assets 2014: $1,966,179Liabilities 2014: $608,389Net Assets 2014: $1,357,7902014Assets 2015: $3,051,286Liabilities 2015: $605,877Net Assets 2015: $2,445,4092015Assets 2016: $3,335,189Liabilities 2016: $444,887Net Assets 2016: $2,890,3022016Assets 2017: $3,611,361Liabilities 2017: $435,277Net Assets 2017: $3,176,0842017Assets 2018: $1,899,827Liabilities 2018: $282,932Net Assets 2018: $1,616,8952018Assets 2019: $774,465Liabilities 2019: $0Net Assets 2019: $774,4652019Assets 2020: $574,402Liabilities 2020: $0Net Assets 2020: $574,4022020Assets 2021: $486,986Liabilities 2021: $0Net Assets 2021: $486,9862021Assets 2022: $267,090Net Assets 2022: $267,0902022Assets 2023: $305,361Net Assets 2023: $305,3612023Assets 2024: $328,023Liabilities 2024: $0Net Assets 2024: $328,0232024

Highlighted filing

2011

Assets$207,159
Liabilities$0
Net Assets$207,159

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $6,956,1072011Expenses 2012: $8,342,6242012Revenue 2013: $9,808,037Expenses 2013: $9,486,287Net Income 2013: $321,7502013Revenue 2014: $10,886,784Expenses 2014: $9,798,941Net Income 2014: $1,087,8432014Revenue 2015: $10,191,150Expenses 2015: $9,103,531Net Income 2015: $1,087,6192015Revenue 2016: $10,956,275Expenses 2016: $10,511,382Net Income 2016: $444,8932016Revenue 2017: $11,864,393Expenses 2017: $11,578,611Net Income 2017: $285,7822017Revenue 2018: $9,573,544Expenses 2018: $11,132,733Net Income 2018: -$1,559,1892018Revenue 2019: $1,568,357Expenses 2019: $2,410,787Net Income 2019: -$842,4302019Revenue 2020: $0Expenses 2020: $200,063Net Income 2020: -$200,0632020Revenue 2021: $465Expenses 2021: $87,881Net Income 2021: -$87,4162021Revenue 2022: $0Expenses 2022: $114,338Net Income 2022: -$114,3382022Revenue 2023: $50,000Expenses 2023: $11,729Net Income 2023: $38,2712023Revenue 2024: $27,105Expenses 2024: $4,443Net Income 2024: $22,6622024

Highlighted filing

2011

Revenue-
Expenses$6,956,107
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Sep 26, 2012
Return Version
2011v1.2
Gross Receipts
$7,198,896
Mission and Program Overview

Mission

The Foundations mission is to protect pine trees which are endangered or at risk, and teach youth particularly disadvantaged youth how to become agribusiness entrepreneurs, creating sustainable green jobs, particularly in poorer and/or rural communities, while simultaneously nurturing the environment so current and future generations can enjoy it.

Major Activities

Activity 2
Over 1,000 acres of pine trees were protected. The Foundation is working with state forestry rangers to develop a youth teaching program about how to properly care for pine trees to both protect them and make them a sustainable source of revenue for creating minority and rural jobs without endangering the trees. The Board was unable to secure any steady sources of revenue for continuing efforts, but is working with a grant writer to develop some sources of revenue for the tree protection program as well as grants or conservation donations to protect more acreage where urban sprawl is endangering the trees.
Activity 3
Once steady agriculture revenue sources from the youth entrepreneurship lab were developed, the Foundation Board was able to set up a basic office. We began to develop a public relations effort to make people aware of the Foundations mission and goals, and to discuss long term plans. The independent directors were asked to check with similar foundations and develop a proposal for appropriate compensation for the Executive Director, who remains unpaid until such independent review is completed, debated by the Board, and eventually approved. The Board hopes to have several other related startup policy issues in place within the next 12 months related to appropriate infrastructure, contracts for services, committee structure, and similar administrative concerns.
Filing and Contact Details

Filer

EIN
27-0635624
Raw XML Appendix362 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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IRS990/Activity2/Description0Over 1,000 acres of pine trees were protected. The Foundation is working with state forestry rangers to develop a youth teaching program about how to properly care for pine trees to both protect them and make them a sustainable source of revenue for creating minority and rural jobs without endangering the trees. The Board was unable to secure any steady sources of revenue for continuing efforts, but is working with a grant writer to develop some sources of revenue for the tree protection program as well as grants or conservation donations to protect more acreage where urban sprawl is endangering the trees.
IRS990/Activity2/Expense02566544
IRS990/Activity3/Description0Once steady agriculture revenue sources from the youth entrepreneurship lab were developed, the Foundation Board was able to set up a basic office. We began to develop a public relations effort to make people aware of the Foundations mission and goals, and to discuss long term plans. The independent directors were asked to check with similar foundations and develop a proposal for appropriate compensation for the Executive Director, who remains unpaid until such independent review is completed, debated by the Board, and eventually approved. The Board hopes to have several other related startup policy issues in place within the next 12 months related to appropriate infrastructure, contracts for services, committee structure, and similar administrative concerns.
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IRS990/ActivityOrMissionDescription0The Foundations two-fold mission is to protect and nuture the environment, particularly endangered species of pine trees, while teaching disadvantaged youth how to create jobs and become agribusiness entrepreneurs, and thus mentor the next generation on improving lives and the environment simultaneously.
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IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction029750
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction11625068
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0below market rent TO foundation
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1purchases from fundation at full market rate
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10FLP Partners LLC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine11Logan Porter Enterprises Inc
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IRS990ScheduleL/Form990ScheduleLPartV/Explanation0Executive Directors family provided warehouse facilities to further the Foundations mission. The rent charged was below market rates, providing a benefit to the Foundations youth program
IRS990ScheduleL/Form990ScheduleLPartV/Explanation1One director, Logan Porter IV, owns Logan Porter Enterprises, Inc., which purchased product from the youth agribusiness training program at full market rates that non-related party customers did in order to assure that the program had sufficient income to carry out its purpose. These purchases will be phased out over the next couple years as the program becomes fnancially self-sufficient.
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IRS990ScheduleO/GeneralExplanation/Explanation0The Foundation received free office space and administrative support from its Executive Director, who provided his time on a volunteer basis. The Foundations agricultural warehouse facility was rented at below-market rates from a company owned by the Executive Directors family. One board member, Logan Porter IV, has an interest in a company which purchased a portion of the product produced by the Foundations youth agribusiness learning centers. The purchase price was at full market rates paid by unrelated parties. Mr. Porter is planning to phase out these purchases once the Foundations agribusiness youth lab operations are able to sustain themselves financially.
IRS990ScheduleO/GeneralExplanation/Explanation1The receivable of 112,132 reflects the normal terms provided to all product purchasers of the youth pine straw products. The entire amount is due from Logan Porter Enterprises, Inc., and was subsequently paid for after the Foundations year end.
IRS990ScheduleO/GeneralExplanation/Explanation2Form 990 The Foundation received free office space and administrative support from its Executive Director, who provided his time on a volunteer basis. The Foundations agricultural warehouse facility was rented at below-market rates from a company owned by the Executive Directors family. One board member, Logan Porter IV, has an interest in a company which purchased a portion of the product produced by the Foundations youth agribusiness learning centers. The purchase price was at full market rates paid by unrelated parties. Mr. Porter is planning to phase out these purchases once the Foundations agribusiness youth lab operations are able to sustain themselves financially. Form 990 Part X Line 5B The receivable of 112,132 reflects the normal terms provided to all product purchasers of the youth pine straw products. The entire amount is due from Logan Porter Enterprises, Inc., and was subsequently paid for after the Foundations year end.
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ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0270635624
ReturnHeader/Filer/Name/BusinessNameLine10Porter Foundation
ReturnHeader/Filer/NameControl0PORT
ReturnHeader/Filer/USAddress/AddressLine10108 Cottonwood Drive
ReturnHeader/Filer/USAddress/City0Jamestown
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode027282
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02012-09-26
ReturnHeader/Officer/Name0Logan Porter III
ReturnHeader/Officer/Title0Executive Director
ReturnHeader/Preparer/DatePrepared02012-09-26
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10Lenz Corp
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10822 N Elm St 104
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Greensboro
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0NC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode027401
ReturnHeader/Preparer/Name0Kenneth Lenz
ReturnHeader/Preparer/Phone03362737227
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-09-26T18:19:51-00:00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.03$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.31$0.05$0.01$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.27$0.27$0.00$0.11$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.00$0.09$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.00$0.20$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$1.57$2.41$0.84
2018Detailed filing. Detailed filing data is available for this year.$1.90$0.28$1.62$9.57$11.1$1.56
2017Detailed filing. Detailed filing data is available for this year.$3.61$0.44$3.18$11.9$11.6$0.29
2016Detailed filing. Detailed filing data is available for this year.$3.34$0.44$2.89$11.0$10.5$0.44
2015Detailed filing. Detailed filing data is available for this year.$3.05$0.61$2.45$10.2$9.10$1.09
2014Detailed filing. Detailed filing data is available for this year.$1.97$0.61$1.36$10.9$9.80$1.09
2013Detailed filing. Detailed filing data is available for this year.$1.66$0.31$1.35$9.81$9.49$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.10$0.12$8.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$6.96