Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Porter Foundation
990 • Fiscal year 2014 • EIN 27-0635624
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.31x
Liabilities / Revenue
17th percentile
Higher debt load relative to revenue than 17% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
12th percentile
Higher top officer pay than 12% of similar nonprofits.
Top officer pay equals 0.1% of source-year revenue.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
67th percentile
Faster revenue growth than 67% of similar nonprofits.
Balance Sheet
Assets
Up$1,966,179
Up $301,356 (+18%) from 2013
Net Assets
Up$1,357,790
Up $5,431 (+0.4%) from 2013
Liabilities
Up$608,389
Up $295,925 (+95%) from 2013
Revenue And Expenses
Revenue
Up$10,886,784
Up $1,078,747 (+11%) from 2013
Expenses
Up$9,798,941
Up $312,654 (+3.3%) from 2013
Net Income
Up$1,087,843
Up $766,093 (+238%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- May 15, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $10,886,784
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.
The Foundation's two-fold mission is to protect and nurture the environment, particularly endangered speciies of pine trees, while teaching disadvantaged young adults how to create jobs and become agribusiness entrepreneurs.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $839,424 | $912,054 | ▲ $72,630 |
| Cash and Non-Interest-Bearing Accounts | $250,772 | $650,103 | ▲ $399,331 |
| Inventories for Sale or Use | $543,520 | $372,915 | ▼ $170,605 |
| Savings and Temporary Cash Investments | $31,107 | $31,107 | → $0 |
| Total Assets | $1,664,823 | $1,966,179 | ▲ $301,356 |
| Liabilities | |||
| Unsecured Notes Loans Payable | - | $608,389 | - |
| Other Liabilities | $273,326 | - | - |
| Mortgage Notes Payable Secured by Investment Property | $39,138 | - | - |
| Total Liabilities | $312,464 | $608,389 | ▲ $295,925 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,352,359 | $1,357,790 | ▲ $5,431 |
| Total Net Assets Fund Balance | $1,352,359 | $1,357,790 | ▲ $5,431 |
| Total Liabilities and Net Assets / Fund Balance | $1,664,823 | $1,966,179 | ▲ $301,356 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Francis Logan Porter III | Executive Director | FT | $6,600 | $6,600 |
Board Members and Trustees
| Name | Title |
|---|---|
| Cam Tally | Trustee |
| Doris Porter | Trustee |
| Francis Logan Porter IV | Trustee |
| Jim Bray | Trustee |
| Tim Bret | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $10,886,784
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $1,087,843
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $9,278,609 |
| Salaries, Compensation, and Employee Benefits | $515,322 |
| Total Fundraising Expense | $76,283 |
| Grants and Similar Amounts Paid | $5,010 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Travel | $897,171 | - | - | $897,171 |
| Other Expenses | $554,165 | $49,519 | $32,590 | $554,165 |
| Other Salaries and Wages | $472,264 | $22,185 | $14,273 | $508,722 |
| Fees for Services Management | $84,300 | $28,100 | $28,100 | $140,500 |
| Insurance | $115,057 | - | - | $115,057 |
| Occupancy | $72,074 | - | - | $72,074 |
| Conferences and Meetings | $12,325 | - | - | $12,325 |
| Current Officers, Directors, Trustees, and Key Employees | $3,960 | $1,320 | $1,320 | $6,600 |
| Interest | $5,023 | - | - | $5,023 |
| Grants to Domestic Orgs | $5,010 | - | - | $5,010 |
| Fees for Services Legal | - | $600 | - | $600 |
| Total Functional Expenses | $9,620,934 | $101,724 | $76,283 | $9,798,941 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Jamestown Presbyterian Church | Jamestown, NC | 501c3 | promote youth involvement in entrepreneu | $2,910 |
| 98GUSA Boys | Neptune Beach, FL | 501c3 | promote youth fitness | $1,500 |
| Allscape | Thomasville, NC | na | support small biz help for kids | $300 |
| Irving Park Elementary School | Greensboro, NC | 501c3 | support youth program outreach | $300 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Logan Porter IV | officer in management company | management company services | No | $140,500 |
| Logan Porter IV | owner of Banner Trucking LLC | Banner hauls & buys from Foundation | No | $82,963 |
| Logan Porter Sr Jr Doris Porter | minority owners in FLP Ptrs LLC | - | No | - |
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
- Yes
- 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
- Yes
Governance Explanations
Officer directors etc family relationship Part VI line 2
“The Executive Director is related to two directors, Doris Porter and Logan Porter IV. They are each minority owners in an LLC which owns the warehouse and rents it to the Foundation at below market rates.In addition, Logan Porter IV owns both Executive Management Consulting Services LLC (which provides management services to the Foundation) and Banner Trucking LLC (a new company providing hauling services and which purchases agricultural products from the Foundation).”
Management duties delegation Part VI line 3
“The Foundation contracts for management services with Executive Management Consulting Services LLC to keep costs down.”
Form 990 governing body review Part VI line 11
“The majority of trustees are independent. They apply the written Conflict of Interest policy regarding all transactions with any member of the Porter family (the family which donated the Foundation's initial assets).”
Conflict of interest policy compliance Part VI line 12C
“All Trustees who have any personal financial interest, either direct or indirect, are required to recuse themselves from voting, which they have throughout this past year. The independent Trustees determine all conflict of interest policy compliance, and serve as a defacto conflict of interest committee.”
CEO executive director top management comp Part VI line 15A
“The Executive Director's compensation was determined by talking with other area non-profits. However, the Executive Director has stated he does not want to be compensated at the prevailing rate, so the Board of Directors reduced his pay to the requested amount, which is far below comparable non-profits.”
Other officer or key employee compensation Part VI line 15B
“As noted in an earlier Schedule O entry, one of the Trustees, Logan Porter IV, works for the management firm the Foundation contracts with to manage daily operations.”
Governing documents etc available to public Part VI line 19
“Like most non-profits, the Foundation's 990 form is available on Guidestar.”
Filing and Contact Details
Filer
- Filer Name
- Porter Foundation
- EIN
- 27-0635624
- Address
- 108 Cottonwood Drive, Jamestown, NC 27282
Signing Officer
- Name
- Francis Logan Porter III
- Title
- Executive Direc
- Signed
- 2015-05-15
- Discuss with paid preparer
- No
Organization Details
- Principal Officer
- Francis Logan Porter III
- Formed
- 2009
- Legal Domicile
- Nc
- Voting Board Members
- 5
- Independent Board Members
- 3
- Employees
- 23
- Volunteers
- 20
Preparer
- Firm
- Lenz Corp
- Address
- PO Box 98, Pleasant Garden, NC 27313
- Preparer
- Kenneth Lenz
- Phone
- 3364574056
Raw XML AppendixShowing 400 of 422 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 839424 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 912054 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | The Foundation's two-fold mission is to protect and nurture the environment, particularly endangered speciies of pine trees, while teaching disadvantaged young adults how to create jobs and become agribusiness entrepreneurs. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Francis Logan Porter III |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3365084112 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 108 Cottonwood Dr |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Jamestown |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27282 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | true |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 250772 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 650103 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 1320 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 1320 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 3960 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 6600 |
| IRS990/CompensationFromOtherSrcsInd | 0 | true |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 12325 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 12325 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 5010 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 9278609 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 10886784 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1087843 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 515322 |
| IRS990/CYTotalExpensesAmt | 0 | 9798941 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 76283 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 10886784 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/Desc | 0 | Young adult entrepreneurship training. The Foundation continued to expand its training program, contracting with a consultant to develop further training sessions and working on producing a manual. Discussions were held with state forestry and community college officials about a possible synergistic effort to help train and launch more minority agribusinesses. During this past year several green businesses were started or expanded. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 23 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 4776860 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 600 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 600 |
| IRS990/FeesForServicesManagementGrp/FundraisingAmt | 0 | 28100 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 28100 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 84300 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 140500 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Doris Porter |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Francis Logan Porter IV |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Cam Tally |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Jim Bray |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Tim Bret |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Francis Logan Porter III |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 6600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Executive Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2009 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 5010 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 5010 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 10886784 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 115057 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 115057 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 5023 |
| IRS990/InterestGrp/TotalAmt | 0 | 5023 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 543520 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 372915 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | The Foundation's two-fold mission is to protect and nurture the environment, particularly endangered speciies of pine trees, while teaching disadvantaged young adults how to create jobs and become agribusiness entrepreneurs. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 39138 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1352359 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1357790 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | true |
| IRS990/NondeductibleContriDisclInd | 0 | true |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 72074 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 72074 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | other misc expenses |
| IRS990/OtherExpensesGrp/Desc | 1 | agricultural product costs |
| IRS990/OtherExpensesGrp/Desc | 2 | contract labor |
| IRS990/OtherExpensesGrp/Desc | 3 | freight |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 32590 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 49519 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 266066 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5501248 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 1632271 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 554165 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 348175 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5501248 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1632271 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 554165 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 273326 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 14273 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 22185 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 472264 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 508722 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | Francis Logan Porter III |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -1082412 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 110000 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 110000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Youth entrepreneurship |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Tree preservation |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5443392 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 5443392 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 5443392 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 5443392 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Tree preservation efforts. This past year the Foundation contracted to protect and preserve more acrage in several states and to clean up or restore pristine pine forest areas. These efforts were conducted in conjunction with several state forestry agencies and private farmers while helping to create additional sustainable green jobs in economically disadvantaged areas. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 4773664 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 5443391 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Social responsibility projects.During this past year the Foundation made some small seed grants. We have also been exploring opportunities to encourage contractors, young entrepreneurs program participants, and others to add social responsibility and environmental goals to their businesses. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 70410 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 5010 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 2489 |
| IRS990/PYOtherExpensesAmt | 0 | 9483798 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 9808037 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 321750 |
| IRS990/PYTotalExpensesAmt | 0 | 9486287 |
| IRS990/PYTotalRevenueAmt | 0 | 9808037 |
| IRS990/QuidProQuoContributionsInd | 0 | true |
| IRS990/QuidProQuoContriDisclInd | 0 | true |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1087843 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 5443393 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 31107 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 31107 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 10886784 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 9808037 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt | 0 | 8747900 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt | 0 | 6717585 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 36160306 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 36160306 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 10886784 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9808037 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 8747900 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 6717585 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 36160306 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 10886784 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 9808037 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 8747900 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 6717585 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 36160306 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 2910 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 1500 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 300 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 300 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501c3 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501c3 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501c3 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | na |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | na |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 1 | na |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 2 | na |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 3 | na |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | promote youth involvement in entrepreneu |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | promote youth fitness |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | support youth program outreach |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | support small biz help for kids |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | Jamestown Presbyterian Church |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | 98GUSA Boys |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | Irving Park Elementary School |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | Allscape |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1804 Guilford College Road |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 750 Third St |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 1310 Sunset Dr |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 910 Grove Cir |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | Jamestown |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | Neptune Beach |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | Greensboro |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | Thomasville |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | FL |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 27282 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 32266 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 27401 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 27360 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | cash |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 1 | cash |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 2 | cash |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 3 | cash |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 3 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 1 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Francis Logan Porter IV |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Trustee |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | Logan Porter IV |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 1 | Logan Porter IV |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 2 | Logan Porter Sr Jr Doris Porter |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | officer in management company |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 1 | owner of Banner Trucking LLC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 2 | minority owners in FLP Ptrs LLC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 1 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 2 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 140500 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 1 | 82963 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | management company services |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 1 | Banner hauls & buys from Foundation |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Executive Director is related to two directors, Doris Porter and Logan Porter IV. They are each minority owners in an LLC which owns the warehouse and rents it to the Foundation at below market rates.In addition, Logan Porter IV owns both Executive Management Consulting Services LLC (which provides management services to the Foundation) and Banner Trucking LLC (a new company providing hauling services and which purchases agricultural products from the Foundation). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Foundation contracts for management services with Executive Management Consulting Services LLC to keep costs down. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The majority of trustees are independent. They apply the written Conflict of Interest policy regarding all transactions with any member of the Porter family (the family which donated the Foundation's initial assets). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | All Trustees who have any personal financial interest, either direct or indirect, are required to recuse themselves from voting, which they have throughout this past year. The independent Trustees determine all conflict of interest policy compliance, and serve as a defacto conflict of interest committee. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Executive Director's compensation was determined by talking with other area non-profits. However, the Executive Director has stated he does not want to be compensated at the prevailing rate, so the Board of Directors reduced his pay to the requested amount, which is far below comparable non-profits. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | As noted in an earlier Schedule O entry, one of the Trustees, Logan Porter IV, works for the management firm the Foundation contracts with to manage daily operations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Like most non-profits, the Foundation's 990 form is available on Guidestar. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Officer directors etc family relationship Part VI line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Management duties delegation Part VI line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Governing documents etc available to public Part VI line 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1664823 |
| IRS990/TotalAssetsEOYAmt | 0 | 1966179 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1664823 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1966179 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 23 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 76283 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 101724 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 9620934 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 9798941 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 312464 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 608389 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 312464 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 608389 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1352359 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1357790 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 9620934 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 10886784 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 6600 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 10886784 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 10886784 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 20 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1664823 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1966179 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 897171 |
| IRS990/TravelGrp/TotalAmt | 0 | 897171 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 1352359 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 1357790 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 608389 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 3 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| IRS990/WrittenPolicyOrProcedureInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Francis Logan Porter III |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Direc |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,966,179
- Liabilities
- $608,389
- Net assets
- $1,357,790
- Revenue
- $10,886,784
- Expenses
- $9,798,941
- Net income
- $1,087,843