Civic Intelligence

Portal

990 • Fiscal year 2015 • EIN 46-2996025

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

184 Encino DrivePueblo, CO 81005-2932

(719) 522-3823

Siviq Scores

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

Liabilities / Assets

58th percentile

0.08x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.17x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

11th percentile

-25%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$54,833

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 45.5% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

24th percentile

-5.7%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

165%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$245,805

Down $14,787 (-5.7%) from 2014

Net Assets

Down

$225,664

Down $30,180 (-12%) from 2014

Liabilities

Up

$20,141

Up $15,393 (+324%) from 2014

Revenue

Up

$120,589

Up $75,082 (+165%) from 2014

Expenses

Up

$150,769

Up $44,103 (+41%) from 2014

Net Income

Up

-$30,180

Up $30,979 (+51%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $318,919Liabilities 2013: $1,916Net Assets 2013: $317,0032013Assets 2014: $260,592Liabilities 2014: $4,748Net Assets 2014: $255,8442014Assets 2015: $245,805Liabilities 2015: $20,141Net Assets 2015: $225,6642015Assets 2016: $95,837Liabilities 2016: $3,565Net Assets 2016: $92,2722016Assets 2017: $22,869Liabilities 2017: $721Net Assets 2017: $22,1482017Assets 2018: $47,718Liabilities 2018: $1,260Net Assets 2018: $46,4582018Assets 2019: $55,073Liabilities 2019: $3,119Net Assets 2019: $51,9542019Assets 2020: $25,080Liabilities 2020: $3,216Net Assets 2020: $21,8642020Assets 2021: $23,214Liabilities 2021: $111Net Assets 2021: $23,1032021Assets 2022: $5,693Liabilities 2022: $117Net Assets 2022: $5,5762022Assets 2023: $13,600Liabilities 2023: $216Net Assets 2023: $13,3842023Assets 2024: $13,913Liabilities 2024: $236Net Assets 2024: $13,6772024

Highlighted filing

2015

Assets$245,805
Liabilities$20,141
Net Assets$225,664

Operations Trend

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

$400K$200K$0-$200KRevenue 2013: $361,681Expenses 2013: $44,678Net Income 2013: $317,0032013Revenue 2014: $45,507Expenses 2014: $106,666Net Income 2014: -$61,1592014Revenue 2015: $120,589Expenses 2015: $150,769Net Income 2015: -$30,1802015Revenue 2016: $55,015Expenses 2016: $188,407Net Income 2016: -$133,3922016Revenue 2017: $49,031Expenses 2017: $119,155Net Income 2017: -$70,1242017Revenue 2018: $146,883Expenses 2018: $122,573Net Income 2018: $24,3102018Revenue 2019: $130,410Expenses 2019: $124,914Net Income 2019: $5,4962019Revenue 2020: $68,123Expenses 2020: $98,213Net Income 2020: -$30,0902020Revenue 2021: $115,153Expenses 2021: $106,150Net Income 2021: $9,0032021Revenue 2022: $43,877Expenses 2022: $61,603Net Income 2022: -$17,7262022Revenue 2023: $29,489Expenses 2023: $21,681Net Income 2023: $7,8082023Revenue 2024: $14,933Expenses 2024: $14,641Net Income 2024: $2922024

Highlighted filing

2015

Revenue$120,589
Expenses$150,769
Net Income-$30,180
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$516,692
Mission and Program Overview

Mission

Portal exists to empower and transform lives of impoverished people in developing countries by developing and providing transportation, tools, and education necessary to realize sustainable incomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$255,844$225,664▼ $30,180
Investments in Publicly Traded Securities$233,803$212,900▼ $20,903
Cash and Non-Interest-Bearing Accounts$26,789$29,431▲ $2,642
Total Assets$260,592$245,805▼ $14,787
Other Assets Total-$3,474-
Liabilities
Other Liabilities$4,389$17,849▲ $13,460
Accounts Payable and Accrued Expenses$359$2,292▲ $1,933
Total Liabilities$4,748$20,141▲ $15,393
Net Assets / Fund Balance
Total Net Assets Fund Balance$255,844$225,664▼ $30,180
Total Liabilities and Net Assets / Fund Balance$260,592$245,805▼ $14,787
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Caleb SpearPresidentFT$54,833$54,833

Board Members and Trustees

NameTitle
Barry SmithDirector
Gordon BranderDirector
Shanelle KindelSecretary
Jim BoltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,144
Program Service Revenue
$0
Investment Income
$-3,298
Other Revenue
$-1,257
All Other Contributions
$125,144
Change in Net Assets
$-30,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,250
Grants and Similar Amounts Paid$47,125
Other Expenses$18,394
Total Fundraising Expense$4,416
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$77,333-$77,333
Foreign Grants$47,125--$47,125
Payroll Taxes-$5,916-$5,916
Insurance-$3,394-$3,394
Travel--$3,202$3,202
Fees for Service Investment Mgmnt Fees-$2,132-$2,132
Other Employee Benefits-$2,001-$2,001
Fees for Services Other$1,450--$1,450
Fees for Services Accounting-$1,385-$1,385
Advertising--$1,214$1,214
Office Expenses-$700-$700
Other Expenses-$26-$26
All Other Expenses-$10-$10
Total Functional Expenses$48,575$97,778$4,416$150,769
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Payroll Liabilities$17,849
Due to Caleb Spear-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Form 990, Page 6, Part VI, Line 2

Caleb spear jim bolton president treasurer family-in-law relationship

Form 990, Page 6, Part VI, Line 11B

Form 990 reviewed by caleb spear (president) and by j. Hugh jones (general counsel). Distributed to all directors.

Form 990, Page 6, Part VI, Line 12C

Disclosure as to any conflict of interest (or confirmation that there are not any conflicts of interests) must be made annually in writing by all officers and directors, and responsible individuals. In the event that a conflict of interest arises that has not been previously disclosed, the responsible individual shall disclose such conflict of interest as soon as possible. All information disclosed shall remain on file in the corporate records of the organization.

Form 990, Page 6, Part VI, Line 15A

The compensation, if any, of each officer shall be as determined from time to time by the board of directors, or by an officer or a committee to which such authority has been delegated by the board of directors. To the extent reasonably feasible, the person or persons determining compensation shall obtain data on the comepnsation of officers holding similar positions of authority within comparable organizations, shall set the compensation based on such data and an evaluation of the position, and shall document the basis for the determination including the comparison data used, the requirements of the position, and the evaluation of the officer's performance and experience.

Form 990, Page 6, Part VI, Line 15B

The compensation, if any, of each officer shall be as determined from time to time by the board of directors, or by an officer or a committee to which such authority has been delegated by the board of directors. To the extent reasonably feasible, the person or persons determining compensation shall obtain data on the comepnsation of officers holding similar positions of authority within comparable organizations, shall set the compensation based on such data and an evaluation of the position, and shall document the basis for the determination including the comparison data used, the requirements of the position, and the evaluation of the officer's performance and experience.

Form 990, Page 6, Part VI, Line 19

The policy of the organization is to make its articles of incorporation, bylaws, and conflict of interest policy, available upon request.

Filing and Contact Details

Filer

Filer Name
Portal
EIN
46-2996025
Address
184 ENCINO DRIVE, PUEBLO, CO 81005-2932

Signing Officer

Name
Caleb Spear
Title
President
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caleb Spear
Formed
2013
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
7

Preparer

Firm
The Tax Company LLC
Address
310 N HANCOCK AVE, COLORADO SPRINGS, CO 80903-3137
Preparer
Mitchel Schiff
Phone
7195223823
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

Portal expanded the scope of it's grant-making to include earthquake emergency assistance as well as assistance for the reconstruction of transitional and long term housing to help people get their lives back together.

Form 990, Page 2, Part III, Line 4A

Immediate response to the earthquake by providing tarps, cgi sheets, lanterns, solar charging stations, blankets, and personal hygiene items to villagers in quake affected areas. We quickly identified that shelter was a significant need and provided funds for the construction of hundreds of transitional shelters. Our executive director, caleb spear, developed an open source, rapidly deployable shelter design that was made available to individuals and organizations responding to the earthquake. This open source design was utilized by hundreds of organizations to built thousands more shelters for affected families. This was an incredible testament to the strengths of a small but nimble organization, as well as social media and open source platforms, all of which allowed portal to make a much larger impact in response to this natural disaster than would have traditionally been possible. We estimate that somewhere between 10 and 15 thousand shelters have been built using the open source design developed by portal. With an average of over 5 people per household in nepal, this project provided transitional shelter for 50 to 75 thousand people. Another contributing factor to the success of this project was the fact that caleb and his family live in nepal and were there when the earthquake struck. This allowed portal to respond immediately and effectively to the earthquake in an innovative way that made a significant impact. In addition to the earthquake response, portal worked to establish a supply chain capable of providing the portal cargo bike to a greater number of people around the globe. Design and procurement assistance was provided pro-bono from gsd global, a design firm we partnered with in 2014. We also returned to the 2015 interbike bicycle trade show where our work was presented before an attending audience of over 25,000. We forged fantastic partnerships with that bike show as well as momentum magazine, both of which featured our work through their media platforms. The core of portals work is "transforming lives and communities by creating pathways out of poverty. While our mission is bicycle centric, we feel that our work during the earthquake response aligned with our core as we helped people rebuild their lives, allowing them to return to their work and their businesses having a much better chance of escaping poverty than they would while living under a tent. Though 2015 brought a significant delay to the development of our bicycle project, it was a year of incredible impact in the lives of thousands of nepalis whose lives were forever changed by the earthquake.

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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/Desc0PORTAL CONTINUED ITS WORK HELPING PEOPLE CREATE PATHWAYS OUT OF POVERTY IN NEPAL. BETWEEN JANUARY AND APRIL, WE CONTINUED TO DEVELOP OUR BICYCLE PROJECT, MANUFACTURING AND SELLING LIFE-CHANGING BICYCLES TO PEOPLE LOCATED IN AND AROUND KATHMANDU NEPAL. WE SAW A VERY POSITIVE RECEPTION TO THESE BIKES AS OUR PROJECT GREW, WITH MANY PEOPLE USING THEIR PORTAL CARGO BIKES TO EXPAND THEIR BUSINESSES. THESE PORTAL ENTREPRENEURS CONSISTENTLY REPORTED HIGHER INCOMES, EASIER WORK DAYS, AND A GENERAL SENSE OF IMPROVED WELLBEING FOR THEMSELVES AND THEIR FAMILIES AFTER PURCHASING THE BICYCLES. IN LATE APRIL, A MAGNITUDE 7.8 EARTHQUAKE STRUCK NEPAL, KILLING 8,000 AND DESTROYING AND DAMAGING THE HOMES OF MILLIONS. PORTAL SUPPORTED AN IMMEDIATE RESPONSE TO THE EARTHQUAKE BY PROVIDING TARPS, CGI SHEETS, LANTERNS, SOLAR CHARGING STATIONS, BLANKETS, AND PERSONAL HYGIENE ITEMS TO VILLAGERS IN QUAKE AFFECTED AREAS. WE QUICKLY IDENTIFIED THAT SHELTER WAS A SIGNIFICANT NEED AND PROVIDED FUNDS FOR THE CONSTRUCTION OF HUNDREDS OF TRANSITIONAL SHELTERS. OUR EXECUTIVE DIRECTOR, CALEB SPEAR, DEVELOPED AN OPEN SOURCE, RAPIDLY DEPLOYABLE SHELTER DESIGN THAT WAS MADE AVAILABLE TO INDIVIDUALS AND ORGANIZATIONS RESPONDING TO THE EARTHQUAKE. THIS OPEN SOURCE DESIGN WAS UTILIZED BY HUNDREDS OF ORGANIZATIONS TO BUILT THOUSANDS MORE SHELTERS FOR AFFECTED FAMILIES. THIS WAS AN INCREDIBLE TESTAMENT TO THE STRENGTHS OF A SMALL BUT NIMBLE ORGANIZATION, AS WELL AS SOCIAL MEDIA AND OPEN SOURCE PLATFORMS, ALL OF WHICH ALLOWED PORTAL TO MAKE A MUCH LARGER IMPACT IN RESPONSE TO THIS NATURAL DISASTER THAN WOULD HAVE TRADITIONALLY BEEN POSSIBLE. WE ESTIMATE THAT SOMEWHERE BETWEEN 10 AND 15 THOUSAND SHELTERS HAVE BEEN BUILT USING THE OPEN SOURCE DESIGN DEVELOPED BY PORTAL. WITH AN AVERAGE OF OVER 5 PEOPLE PER HOUSEHOLD IN NEPAL, THIS PROJECT PROVIDED TRANSITIONAL SHELTER FOR 50 TO 75 THOUSAND PEOPLE. ANOTHER CONTRIBUTING FACTOR TO THE SUCCESS OF THIS PROJECT WAS THE FACT THAT CALEB AND HIS FAMILY LIVE IN NEPAL AND WERE THERE WHEN THE EARTHQUAKE STRUCK. THIS ALLOWED PORTAL TO RESPOND IMMEDIATELY AND EFFECTIVELY TO THE EARTHQUAKE IN AN INNOVATIVE WAY THAT MADE A SIGNIFICANT IMPACT. IN ADDITION TO THE EARTHQUAKE RESPONSE, PORTAL WORKED TO ESTABLISH A SUPPLY CHAIN CAPABLE OF PROVIDING THE PORTAL CARGO BIKE TO A GREATER NUMBER OF PEOPLE AROUND THE GLOBE. DESIGN AND PROCUREMENT ASSISTANCE WAS PROVIDED PRO-BONO FROM GSD GLOBAL, A DESIGN FIRM WE PARTNERED WITH IN 2014. WE ALSO RETURNED TO THE 2015 INTERBIKE BICYCLE TRADE SHOW WHERE OUR WORK WAS PRESENTED BEFORE AN ATTENDING AUDIENCE OF OVER 25,000. WE FORGED FANTASTIC PARTNERSHIPS WITH THAT BIKE SHOW AS WELL AS MOMENTUM MAGAZINE, BOTH OF WHICH FEATURED OUR WORK THROUGH THEIR MEDIA PLATFORMS. THE CORE OF PORTALS WORK IS "TRANSFORMING LIVES AND COMMUNITIES BY CREATING PATHWAYS OUT OF POVERTY. WHILE OUR MISSION IS BICYCLE CENTRIC, WE FEEL THAT OUR WORK DURING THE EARTHQUAKE RESPONSE ALIGNED WITH OUR CORE AS WE HELPED PEOPLE REBUILD THEIR LIVES, ALLOWING THEM TO RETURN TO THEIR WORK AND THEIR BUSINESSES HAVING A MUCH BETTER CHANCE OF ESCAPING POVERTY THAN THEY WOULD WHILE LIVING UNDER A TENT. THOUGH 2015 BROUGHT A SIGNIFICANT DELAY TO THE DEVELOPMENT OF OUR BICYCLE PROJECT, IT WAS A YEAR OF INCREDIBLE IMPACT IN THE LIVES OF THOUSANDS OF NEPALIS WHOSE LIVES WERE FOREVER CHANGED BY THE EARTHQUAKE.
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IRS990/OtherExpensesGrp/Desc3TOOLS AND MACHINERY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04274
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2232
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt326
IRS990/OtherExpensesGrp/TotalAmt04274
IRS990/OtherExpensesGrp/TotalAmt1375
IRS990/OtherExpensesGrp/TotalAmt2232
IRS990/OtherExpensesGrp/TotalAmt326
IRS990/OtherLiabilitiesGrp/BOYAmt04389
IRS990/OtherLiabilitiesGrp/EOYAmt017849
IRS990/OtherRevenueMiscGrp/Desc0REIMBUSED EXPENSES
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018
IRS990/OtherRevenueTotalAmt018
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt077333
IRS990/OtherSalariesAndWagesGrp/TotalAmt077333
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05916
IRS990/PayrollTaxesGrp/TotalAmt05916
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CALEB SPEAR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt06803
IRS990/PYOtherExpensesAmt07311
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IRS990/PYSalariesCompEmpBnftPaidAmt075355
IRS990/PYTotalExpensesAmt0106666
IRS990/PYTotalRevenueAmt045507
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0255844
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0225664
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0125144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt037637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0356569
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0519350
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-3298
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06803
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03505
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02231
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0519350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0125144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt037637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0356569
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0519350
IRS990ScheduleA/TotalSupportAmt0522855
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO CALEB SPEAR
IRS990ScheduleD/TotalLiabilityAmt017849
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt012000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt115125
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt220000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROJECT DEVELOPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1PROJECT DEVELOPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2PROJECT DEVELOPMENT
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PORTAL EXPANDED THE SCOPE OF IT'S GRANT-MAKING TO INCLUDE EARTHQUAKE EMERGENCY ASSISTANCE AS WELL AS ASSISTANCE FOR THE RECONSTRUCTION OF TRANSITIONAL AND LONG TERM HOUSING TO HELP PEOPLE GET THEIR LIVES BACK TOGETHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IMMEDIATE RESPONSE TO THE EARTHQUAKE BY PROVIDING TARPS, CGI SHEETS, LANTERNS, SOLAR CHARGING STATIONS, BLANKETS, AND PERSONAL HYGIENE ITEMS TO VILLAGERS IN QUAKE AFFECTED AREAS. WE QUICKLY IDENTIFIED THAT SHELTER WAS A SIGNIFICANT NEED AND PROVIDED FUNDS FOR THE CONSTRUCTION OF HUNDREDS OF TRANSITIONAL SHELTERS. OUR EXECUTIVE DIRECTOR, CALEB SPEAR, DEVELOPED AN OPEN SOURCE, RAPIDLY DEPLOYABLE SHELTER DESIGN THAT WAS MADE AVAILABLE TO INDIVIDUALS AND ORGANIZATIONS RESPONDING TO THE EARTHQUAKE. THIS OPEN SOURCE DESIGN WAS UTILIZED BY HUNDREDS OF ORGANIZATIONS TO BUILT THOUSANDS MORE SHELTERS FOR AFFECTED FAMILIES. THIS WAS AN INCREDIBLE TESTAMENT TO THE STRENGTHS OF A SMALL BUT NIMBLE ORGANIZATION, AS WELL AS SOCIAL MEDIA AND OPEN SOURCE PLATFORMS, ALL OF WHICH ALLOWED PORTAL TO MAKE A MUCH LARGER IMPACT IN RESPONSE TO THIS NATURAL DISASTER THAN WOULD HAVE TRADITIONALLY BEEN POSSIBLE. WE ESTIMATE THAT SOMEWHERE BETWEEN 10 AND 15 THOUSAND SHELTERS HAVE BEEN BUILT USING THE OPEN SOURCE DESIGN DEVELOPED BY PORTAL. WITH AN AVERAGE OF OVER 5 PEOPLE PER HOUSEHOLD IN NEPAL, THIS PROJECT PROVIDED TRANSITIONAL SHELTER FOR 50 TO 75 THOUSAND PEOPLE. ANOTHER CONTRIBUTING FACTOR TO THE SUCCESS OF THIS PROJECT WAS THE FACT THAT CALEB AND HIS FAMILY LIVE IN NEPAL AND WERE THERE WHEN THE EARTHQUAKE STRUCK. THIS ALLOWED PORTAL TO RESPOND IMMEDIATELY AND EFFECTIVELY TO THE EARTHQUAKE IN AN INNOVATIVE WAY THAT MADE A SIGNIFICANT IMPACT. IN ADDITION TO THE EARTHQUAKE RESPONSE, PORTAL WORKED TO ESTABLISH A SUPPLY CHAIN CAPABLE OF PROVIDING THE PORTAL CARGO BIKE TO A GREATER NUMBER OF PEOPLE AROUND THE GLOBE. DESIGN AND PROCUREMENT ASSISTANCE WAS PROVIDED PRO-BONO FROM GSD GLOBAL, A DESIGN FIRM WE PARTNERED WITH IN 2014. WE ALSO RETURNED TO THE 2015 INTERBIKE BICYCLE TRADE SHOW WHERE OUR WORK WAS PRESENTED BEFORE AN ATTENDING AUDIENCE OF OVER 25,000. WE FORGED FANTASTIC PARTNERSHIPS WITH THAT BIKE SHOW AS WELL AS MOMENTUM MAGAZINE, BOTH OF WHICH FEATURED OUR WORK THROUGH THEIR MEDIA PLATFORMS. THE CORE OF PORTALS WORK IS "TRANSFORMING LIVES AND COMMUNITIES BY CREATING PATHWAYS OUT OF POVERTY. WHILE OUR MISSION IS BICYCLE CENTRIC, WE FEEL THAT OUR WORK DURING THE EARTHQUAKE RESPONSE ALIGNED WITH OUR CORE AS WE HELPED PEOPLE REBUILD THEIR LIVES, ALLOWING THEM TO RETURN TO THEIR WORK AND THEIR BUSINESSES HAVING A MUCH BETTER CHANCE OF ESCAPING POVERTY THAN THEY WOULD WHILE LIVING UNDER A TENT. THOUGH 2015 BROUGHT A SIGNIFICANT DELAY TO THE DEVELOPMENT OF OUR BICYCLE PROJECT, IT WAS A YEAR OF INCREDIBLE IMPACT IN THE LIVES OF THOUSANDS OF NEPALIS WHOSE LIVES WERE FOREVER CHANGED BY THE EARTHQUAKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CALEB SPEAR JIM BOLTON PRESIDENT TREASURER FAMILY-IN-LAW RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 REVIEWED BY CALEB SPEAR (PRESIDENT) AND BY J. HUGH JONES (GENERAL COUNSEL). DISTRIBUTED TO ALL DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISCLOSURE AS TO ANY CONFLICT OF INTEREST (OR CONFIRMATION THAT THERE ARE NOT ANY CONFLICTS OF INTERESTS) MUST BE MADE ANNUALLY IN WRITING BY ALL OFFICERS AND DIRECTORS, AND RESPONSIBLE INDIVIDUALS. IN THE EVENT THAT A CONFLICT OF INTEREST ARISES THAT HAS NOT BEEN PREVIOUSLY DISCLOSED, THE RESPONSIBLE INDIVIDUAL SHALL DISCLOSE SUCH CONFLICT OF INTEREST AS SOON AS POSSIBLE. ALL INFORMATION DISCLOSED SHALL REMAIN ON FILE IN THE CORPORATE RECORDS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION, IF ANY, OF EACH OFFICER SHALL BE AS DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS, OR BY AN OFFICER OR A COMMITTEE TO WHICH SUCH AUTHORITY HAS BEEN DELEGATED BY THE BOARD OF DIRECTORS. TO THE EXTENT REASONABLY FEASIBLE, THE PERSON OR PERSONS DETERMINING COMPENSATION SHALL OBTAIN DATA ON THE COMEPNSATION OF OFFICERS HOLDING SIMILAR POSITIONS OF AUTHORITY WITHIN COMPARABLE ORGANIZATIONS, SHALL SET THE COMPENSATION BASED ON SUCH DATA AND AN EVALUATION OF THE POSITION, AND SHALL DOCUMENT THE BASIS FOR THE DETERMINATION INCLUDING THE COMPARISON DATA USED, THE REQUIREMENTS OF THE POSITION, AND THE EVALUATION OF THE OFFICER'S PERFORMANCE AND EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION, IF ANY, OF EACH OFFICER SHALL BE AS DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS, OR BY AN OFFICER OR A COMMITTEE TO WHICH SUCH AUTHORITY HAS BEEN DELEGATED BY THE BOARD OF DIRECTORS. TO THE EXTENT REASONABLY FEASIBLE, THE PERSON OR PERSONS DETERMINING COMPENSATION SHALL OBTAIN DATA ON THE COMEPNSATION OF OFFICERS HOLDING SIMILAR POSITIONS OF AUTHORITY WITHIN COMPARABLE ORGANIZATIONS, SHALL SET THE COMPENSATION BASED ON SUCH DATA AND AN EVALUATION OF THE POSITION, AND SHALL DOCUMENT THE BASIS FOR THE DETERMINATION INCLUDING THE COMPARISON DATA USED, THE REQUIREMENTS OF THE POSITION, AND THE EVALUATION OF THE OFFICER'S PERFORMANCE AND EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE POLICY OF THE ORGANIZATION IS TO MAKE ITS ARTICLES OF INCORPORATION, BYLAWS, AND CONFLICT OF INTEREST POLICY, AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0260592
IRS990/TotalAssetsEOYAmt0245805
IRS990/TotalAssetsGrp/BOYAmt0260592
IRS990/TotalAssetsGrp/EOYAmt0245805
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0125144
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04416
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097778
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt048575
IRS990/TotalFunctionalExpensesGrp/TotalAmt0150769
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04748
IRS990/TotalLiabilitiesEOYAmt020141
IRS990/TotalLiabilitiesGrp/BOYAmt04748
IRS990/TotalLiabilitiesGrp/EOYAmt020141
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0255844
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0225664
IRS990/TotalProgramServiceExpensesAmt048575
IRS990/TotalReportableCompFromOrgAmt054833
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-4555
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120589
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0260592
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0245805
IRS990/TravelGrp/FundraisingAmt03202
IRS990/TravelGrp/TotalAmt03202
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0PORTALBIKES.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CALEB SPEAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PORTAL
ReturnHeader/Filer/BusinessNameControlTxt0PORT
ReturnHeader/Filer/EIN0462996025
ReturnHeader/Filer/USAddress/AddressLine1Txt0184 ENCINO DRIVE
ReturnHeader/Filer/USAddress/CityNm0PUEBLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd0810052932
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454141523
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE TAX COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 N HANCOCK AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLORADO SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0809033137
ReturnHeader/PreparerPersonGrp/PhoneNum07195223823
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MITCHEL SCHIFF
ReturnHeader/ReturnTs02016-11-04T11:51:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.15$0.15$0.00
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.13$0.29$0.22$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.00$0.06$0.44$0.62$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.00$0.23$1.15$1.06$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.03$0.22$0.68$0.98$0.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.03$0.52$1.30$1.25$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.01$0.46$1.47$1.23$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.01$0.22$0.49$1.19$0.70
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.04$0.92$0.55$1.88$1.33
2015Detailed filing. Detailed filing data is available for this year.$2.46$0.20$2.26$1.21$1.51$0.30
2014Detailed filing. Detailed filing data is available for this year.$2.61$0.05$2.56$0.46$1.07$0.61
2013Detailed filing. Detailed filing data is available for this year.$3.19$0.02$3.17$3.62$0.45$3.17