Civic Intelligence

The Portland Foundation

990 • Fiscal year 2017 • EIN 35-6028362

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 29, 2018

Organization ProfileWWW.PORTLANDFOUNDATION.ORG
107 S Meridian StPortland, IN 47371

(260) 726-4260

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.54x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

15th percentile

$62,812

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

87th percentile

24%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

213%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$22,752,074

Up $4,467,371 (+24%) from 2016

Net Assets

Up

$21,043,926

Up $3,750,264 (+22%) from 2016

Liabilities

Up

$1,708,148

Up $717,107 (+72%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin95th percentile

Revenue

Up

$3,140,329

Up $2,138,464 (+213%) from 2016

Expenses

Up

$912,895

Up $168,850 (+23%) from 2016

Net Income

Up

$2,227,434

Up $1,969,614 (+764%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$30M$20M$10M$0Assets 2010: $10,652,475Liabilities 2010: $804,116Net Assets 2010: $9,848,3592010Assets 2011: $10,076,491Liabilities 2011: $783,115Net Assets 2011: $9,293,3762011Assets 2012: $14,391,952Liabilities 2012: $863,725Net Assets 2012: $13,528,2272012Assets 2013: $17,930,278Liabilities 2013: $983,501Net Assets 2013: $16,946,7772013Assets 2014: $18,346,442Liabilities 2014: $1,006,675Net Assets 2014: $17,339,7672014Assets 2015: $17,305,333Liabilities 2015: $943,632Net Assets 2015: $16,361,7012015Assets 2016: $18,284,703Liabilities 2016: $991,041Net Assets 2016: $17,293,6622016Assets 2017: $22,752,074Liabilities 2017: $1,708,148Net Assets 2017: $21,043,9262017Assets 2018: $20,374,633Liabilities 2018: $1,512,321Net Assets 2018: $18,862,3122018Assets 2019: $23,496,010Liabilities 2019: $1,751,053Net Assets 2019: $21,744,9572019Assets 2020: $24,678,777Liabilities 2020: $1,873,541Net Assets 2020: $22,805,2362020Assets 2021: $27,639,720Liabilities 2021: $2,093,578Net Assets 2021: $25,546,1422021Assets 2022: $22,364,186Liabilities 2022: $1,707,052Net Assets 2022: $20,657,1342022Assets 2023: $23,963,880Liabilities 2023: $602,017Net Assets 2023: $23,361,8632023Assets 2024: $24,839,195Liabilities 2024: $598,744Net Assets 2024: $24,240,4512024

Highlighted filing

2017

Assets$22,752,074
Liabilities$1,708,148
Net Assets$21,043,926
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $375,6022010Expenses 2011: $535,9712011Expenses 2012: $489,8522012Revenue 2013: $2,101,265Expenses 2013: $556,218Net Income 2013: $1,545,0472013Revenue 2014: $603,142Expenses 2014: $754,242Net Income 2014: -$151,1002014Revenue 2015: $502,784Expenses 2015: $821,950Net Income 2015: -$319,1662015Revenue 2016: $1,001,865Expenses 2016: $744,045Net Income 2016: $257,8202016Revenue 2017: $3,140,329Expenses 2017: $912,895Net Income 2017: $2,227,4342017Revenue 2018: $608,216Expenses 2018: $1,040,768Net Income 2018: -$432,5522018Revenue 2019: $353,913Expenses 2019: $797,342Net Income 2019: -$443,4292019Revenue 2020: $515,356Expenses 2020: $1,010,226Net Income 2020: -$494,8702020Revenue 2021: $656,140Expenses 2021: $1,027,197Net Income 2021: -$371,0572021Revenue 2022: $680,512Expenses 2022: $955,706Net Income 2022: -$275,1942022Revenue 2023: $1,620,583Expenses 2023: $1,840,594Net Income 2023: -$220,0112023Revenue 2024: $4,926,811Expenses 2024: $4,884,598Net Income 2024: $42,2132024

Highlighted filing

2017

Revenue$3,140,329
Expenses$912,895
Net Income$2,227,434
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 29, 2018
Return Version
2017v2.3
Gross Receipts
$3,140,329
Mission and Program Overview

Mission

Enhance the quality of life for the people of jay county, indiana, now and for generations to come, by building community endowment, effecting significant impact through grantmaking and providing leadership on key community issues.

Enhance the quality of life for the people of jay county, indiana, now and for generations to come, by building community endowment

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,462,125$22,055,690▲ $4,593,565
Land, Buildings, and Equipment, Net$408,206$384,601▼ $23,605
Cash and Non-Interest-Bearing Accounts$410,875$308,286▼ $102,589
Prepaid Expenses and Deferred Charges$26$26→ $0
Total Assets$18,284,703$22,752,074▲ $4,467,371
Other Assets Total$3,471$3,471→ $0
Liabilities
Other Liabilities$991,041$1,708,060▲ $717,019
Accounts Payable and Accrued Expenses-$88-
Total Liabilities$991,041$1,708,148▲ $717,107
Net Assets / Fund Balance
Permanently Rstr Net Assets$13,923,657$16,725,058▲ $2,801,401
Temporarily Rstr Net Assets$1,974,716$3,749,439▲ $1,774,723
Unrestricted Net Assets$1,395,289$569,429▼ $825,860
Total Net Assets Fund Balance$17,293,662$21,043,926▲ $3,750,264
Total Liabilities and Net Assets / Fund Balance$18,284,703$22,752,074▲ $4,467,371

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$158,721$253,422$412,143
Land$220,423-$220,423
Equipment$5,457$23,206$28,663
Other Securities$837,521--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$17,462,125$2,802,286▲ $2,628,826-$22,055,690
2016$16,474,395$667,921▲ $1,194,697-$17,462,125
2015$17,607,348$20,230▼ $162,932-$16,474,395
2014$17,264,716$135,749▲ $1,013,805-$17,607,348
2013$13,780,970$1,779,799▲ $2,311,739-$17,264,716
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Douglas L InmanExecutive DirecFT$62,812$62,812

Board Members and Trustees

NameTitle
Dean JetterImmediate Past President
Pat BennettPresident
Rex JournayVice President
Jeremy GulleyDirector
John MooreDirector
Rob PenrodDirector
Ron LauxDirector
Tammy HanlinDirector
Robin AlbersonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,801,401
Program Service Revenue
$0
Investment Income
$338,928
Other Revenue
$0
All Other Contributions
$2,801,401
Change in Net Assets
$2,227,434

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,140,329
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,522,830
Total Revenue per Audited Statements
$4,663,159
Total Revenue per Form 990
$3,140,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$644,420
Other Expenses$160,719
Salaries, Compensation, and Employee Benefits$107,756
Total Fundraising Expense$3,485
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$503,528--$503,528
Grants to Domestic Individuals$140,892--$140,892
Fees for Services Other$76,856--$76,856
Current Officers, Directors, Trustees, and Key Employees$31,406$31,406-$62,812
Other Salaries and Wages$16,400$13,346-$29,746
Depreciation Depletion-$23,605-$23,605
Fees for Service Investment Mgmnt Fees$22,155--$22,155
Other Employee Benefits$3,818$4,505-$8,323
Payroll Taxes$3,555$3,320-$6,875
Office Expenses-$5,118-$5,118
Occupancy-$5,073-$5,073
Fees for Services Accounting$4,521--$4,521
All Other Expenses-$4,222-$4,222
Advertising$1,893-$1,440$3,333
Other Expenses$2,862$1,778$2,045$1,778
Insurance-$1,371-$1,371
Travel-$1,055-$1,055
Total Functional Expenses$807,886$101,524$3,485$912,895

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$912,895
Total Expenses per Audited Statements$912,895
Total Expenses per Form 990$912,895
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arts Place IncPortland, IN501(c)(3)Enhance the Quality of Life for the People of Jay County, Indiana, Now and for Generations to Come, by Building Community Endowment$206,603
Jay County Fair AssociationPortland, IN501(c)(3)Enhance the Quality of Life for the People of Jay County, Indiana, Now and for Generations to Come, by Building Community Endowment$161,788
John Jay Center for LearningPortland, IN501(c)(3)Enhance the Quality of Life for the People of Jay County, Indiana, Now and for Generations to Come, by Building Community Endowment$73,190
Jay County Community CenterPortland, IN501(c)(3)Enhance the Quality of Life for the People of Jay County, Indiana, Now and for Generations to Come, by Building Community Endowment$22,329
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Assets Held for Others$1,708,060
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The tax return was reviewed and approved by the board of directors”

Form 990, Part VI, Section B, Line 12C

“The organization requires each member to complete and sign a conflict of interest disclosure statement annually”

Form 990, Part VI, Section B, Line 15

“The board of directors approves the salary for the executive director based on comparability, length of employment, etc.”

Form 990, Part VI, Section C, Line 19

“The organization makes it governing documents, policies, and financials statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
The Portland Foundation
EIN
35-6028362
Phone
2607264260
Address
107 S MERIDIAN ST, PORTLAND, IN 47371

Signing Officer

Name
Douglas L Inman
Title
Executive Director
Phone
2607264260
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas L Inman
Formed
1951
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
0

Preparer

Firm
Bollenbacher and Associates LLC
Address
915 N MERIDIAN STREET, PORTLAND, IN 47371
Preparer
Scott a Bollenbacher CPA
Phone
2607264207
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer portland foundation - corporation 35-2019497 -596,890.”

FORM 990, PART XII, LINE 2C:

“NO CHANGES”

Financial Statement Notes

PART V, LINE 4:

“Scholarships and grants for the betterment of jay county.”

PART X, LINE 2:

“Management evaluates all significant tax positions as required by accounting principles generally accepted in the united states of america. As of year end, the foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that materially impact the financial statements or related disclosures.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Transfer portland foundation - corporation 35-2019497”

Schedule D Part XI Line 2D

“Other adjustments schedule d part xi line 2d: transfer from portland foundation (corporation) ein: 35-2019497”

Raw XML AppendixShowing 400 of 537 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/Desc0THE PORTLAND FOUNDATION ADMINISTERS APPROXIMATELY 100 SEPARATE SCHOLARSHIP TRUSTS ESTABLISHED FOR THE PROVISION OF STUDENT SCHOLARSHIPS IN AND AROUND JAY COUNTY INDIANA. THE FOUNDATION ENSURES SPECIFIC GUIDELINES ESTABLISHED BY EACH SCHOLARSHIP TRUST ARE FOLLOWED IN AWARDING SCHOLARSHIPS TO BETTER THE COMMUNITY. ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT.
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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt017293662
IRS990/NetAssetsOrFundBalancesEOYAmt021043926
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02119720
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05073
IRS990/OccupancyGrp/TotalAmt05073
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05118
IRS990/OfficeExpensesGrp/TotalAmt05118
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03471
IRS990/OtherAssetsTotalGrp/EOYAmt03471
IRS990/OtherChangesInNetAssetsAmt0-596890
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04505
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03818
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08323
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1LILLY SCHOLARSHIP
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/FundraisingAmt02045
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06725
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11778
IRS990/OtherExpensesGrp/ProgramServicesAmt02862
IRS990/OtherExpensesGrp/TotalAmt06725
IRS990/OtherExpensesGrp/TotalAmt12862
IRS990/OtherExpensesGrp/TotalAmt22045
IRS990/OtherExpensesGrp/TotalAmt31778
IRS990/OtherLiabilitiesGrp/BOYAmt0991041
IRS990/OtherLiabilitiesGrp/EOYAmt01708060
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013346
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016400
IRS990/OtherSalariesAndWagesGrp/TotalAmt029746
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03320
IRS990/PayrollTaxesGrp/ProgramServicesAmt03555
IRS990/PayrollTaxesGrp/TotalAmt06875
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt013923657
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt016725058
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026
IRS990/PrincipalOfficerNm0DOUGLAS L INMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0653219
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0485861
IRS990/PYInvestmentIncomeAmt0348505
IRS990/PYOtherExpensesAmt0162721
IRS990/PYOtherRevenueAmt0141
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0257820
IRS990/PYSalariesCompEmpBnftPaidAmt095463
IRS990/PYTotalExpensesAmt0744045
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01001865
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02227434
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0350211
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0653219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt019730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0132331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0738108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01893599
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0338928
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0348505
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0482702
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0473763
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0335034
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01978932
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0298
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0298
IRS990ScheduleA/PublicSupportCY170Pct00.34300
IRS990ScheduleA/PublicSupportPY170Pct00.32110
IRS990ScheduleA/PublicSupportTotal170Amt01328333
IRS990ScheduleA/SubstantialContributorsTotAmt0565266
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0350211
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0653219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt019730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0132331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0738108
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01893599
IRS990ScheduleA/TotalSupportAmt03872829
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0281145
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt017462125
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02802286
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt022055690
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0556402
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02628826
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0244176
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt016474395
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0667921
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt017462125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0630712
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01194697
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0241745
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt017607348
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt020230
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt016474395
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0748506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-162932
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0268271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt017264716
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0135749
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt017607348
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0538651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01013805
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0232788
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt013780970
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01779799
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt017264716
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0375004
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02311739
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt0277
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt034053
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0917513
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05457
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023206
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028663
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0912895
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0220423
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0220423
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0158721
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0253422
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0412143
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02119720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01708060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ASSETS HELD FOR OTHERS
IRS990ScheduleD/OtherRevenueAmt0-596890
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09577969
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1772269
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2644162
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt310982
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4497625
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt59715162
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6837521
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FMB-MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FMB-SAVINGS AND TEMP CASH INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MAINSOURCE-ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3MAINSOURCE-CORP BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4MAINSOURCE-CORP STOCKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5MAINSOURCE-MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc6MAINSOURCE-SAVINGS AND TEMP CASH INV
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/RevenueNotReportedAmt01522830
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03140329
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS AND GRANTS FOR THE BETTERMENT OF JAY COUNTY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF YEAR END, THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TRANSFER PORTLAND FOUNDATION - CORPORATION 35-2019497
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3OTHER ADJUSTMENTS SCHEDULE D PART XI LINE 2D: TRANSFER FROM PORTLAND FOUNDATION (CORPORATION) EIN: 35-2019497
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D PART XI LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0384601
IRS990ScheduleD/TotalBookValueSecuritiesAmt022055690
IRS990ScheduleD/TotalExpensesPerForm990Amt0912895
IRS990ScheduleD/TotalLiabilityAmt01708060
IRS990ScheduleD/TotalRevenuePerForm990Amt03140329
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04663159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0912895
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0140892
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0116
IRS990ScheduleI/RecipientTable/CashGrantAmt0206603
IRS990ScheduleI/RecipientTable/CashGrantAmt122329
IRS990ScheduleI/RecipientTable/CashGrantAmt273190
IRS990ScheduleI/RecipientTable/CashGrantAmt3161788

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$22,752,074
Liabilities
$1,708,148
Net assets
$21,043,926
Revenue
$3,140,329
Expenses
$912,895
Net income
$2,227,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$0.60$24.2$4.93$4.88$0.04
2023Detailed filing. Detailed filing data is available for this year.$24.0$0.60$23.4$1.62$1.84$0.22
2022Detailed filing. Detailed filing data is available for this year.$22.4$1.71$20.7$0.68$0.96$0.28
2021Detailed filing. Detailed filing data is available for this year.$27.6$2.09$25.5$0.66$1.03$0.37
2020Detailed filing. Detailed filing data is available for this year.$24.7$1.87$22.8$0.52$1.01$0.49
2019Detailed filing. Detailed filing data is available for this year.$23.5$1.75$21.7$0.35$0.80$0.44
2018Detailed filing. Detailed filing data is available for this year.$20.4$1.51$18.9$0.61$1.04$0.43
2017Detailed filing. Detailed filing data is available for this year.$22.8$1.71$21.0$3.14$0.91$2.23
2016Detailed filing. Detailed filing data is available for this year.$18.3$0.99$17.3$1.00$0.74$0.26
2015Detailed filing. Detailed filing data is available for this year.$17.3$0.94$16.4$0.50$0.82$0.32
2014Detailed filing. Detailed filing data is available for this year.$18.3$1.01$17.3$0.60$0.75$0.15
2013Detailed filing. Detailed filing data is available for this year.$17.9$0.98$16.9$2.10$0.56$1.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$0.86$13.5$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.78$9.29$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.80$9.85$0.38
Peer Organizations

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