Civic Intelligence

Porter Place Inc

990 • Fiscal year 2012 • EIN 84-1553192

Jul 01, 2011 to Jun 30, 2012 • Filed on May 08, 2013

1001 East Yale Ave80210
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$12,330,465

Flat from 2012

Net Assets

Flat

$2,519,213

Flat from 2012

Liabilities

Flat

$9,811,252

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$5,531,367

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $12,455,877Liabilities 2010: $10,574,745Net Assets 2010: $1,881,1322010Assets 2011: $12,289,097Liabilities 2011: $10,085,697Net Assets 2011: $2,203,4002011Assets 2012: $12,330,465Liabilities 2012: $9,811,252Net Assets 2012: $2,519,2132012Assets 2012: $12,330,465Liabilities 2012: $9,811,252Net Assets 2012: $2,519,2132012Assets 2013: $11,945,124Liabilities 2013: $9,342,619Net Assets 2013: $2,602,5052013

Highlighted filing

2012

Assets$12,330,465
Liabilities$9,811,252
Net Assets$2,519,213

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $5,954,8012010Expenses 2011: $5,750,7032011Expenses 2012: $5,531,3672012Revenue 2012: $5,847,180Expenses 2012: $5,531,367Net Income 2012: $315,8132012Revenue 2013: $5,742,887Expenses 2013: $5,659,595Net Income 2013: $83,2922013

Highlighted filing

2012

Revenue-
Expenses$5,531,367
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 8, 2013
Return Version
2011v1.2
Gross Receipts
$5,851,401
Mission and Program Overview

Mission

We extend the healing ministry of christ by caring for those who are ill and by nurturing the health of the people in our communities.

Filing and Contact Details

Filer

EIN
84-1553192
Raw XML AppendixShowing 400 of 588 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE CORPORATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME OF WHICH THERE WAS NONE AT JUNE 30, 2012. THE CORPORATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0FIN 48 (ASC 740) footnote
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THE CEO'S COMPENSATION WAS PAID BY CENTURA HEALTH CORPORATION AND WAS SET BY A COMPENSATION COMMITTEE WHO UTILIZED AN INDEPENDENT CONSULTANT AND COMPARABILITY STUDIES TO DETERMINE COMPENSATION THAT WAS PAID IN ACCORDANCE WITH A BOARD APPROVED WRITTEN CONTRACT.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1PORTER PLACE, INC. FOLLOWS THE SEVERANCE POLICY OF CENTURA HEALTH CORPORATION ("CHC"). CHC HAS A DEFINED SEVERANCE POLICY. SEVERANCE PAYMENTS ARE DETERIMINED BASED ON A COMBINATION OF THE INDIVIDUAL'S POSITION WITHIN THE ORGANIZATION AND YEARS OF SERVICE. SEVERANCE AGREEMENTS INCLUDE LIMITATIONS WITH RESPECT TO WORKING FOR COMPETING FACILITIES AND OTHER REQUIREMENTS THAT CAN CAUSE FORFEITURE OF THE SEVERANCE BENEFIT. IN ADDITION, THE AGREEMENTS RELEASE CENTURA FROM LITIGATION AND FUTURE CLAIMS AGAINST THE ORGANIZATION. THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS FOR THE 2011 CALENDAR YEAR: LISA POTTER $38,545 THIS SEVERANCE PAYMENT IS THE FULL AMOUNT PAID BY CHC. THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) INCLUDES ONLY THE PORTION OF SEVERANCE RELATED TO TIME SPENT DIRECTLY ON PROVIDING SERVICES IN HER CAPACITY AS AN OFFICER OF PORTER PLACE.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation2SENIOR EXECUTIVES (SENIOR VPS AND ABOVE) ARE PROVIDED A 10% OF SALARY ALLOWANCE TO PURCHASE INSURANCE PRODUCTS OR CONTRIBUTE INTO THE DEFERRED COMPENSATION PLAN. IN ADDITION, A PENSION RESTORATION BENEFIT IS PROVIDED WHICH CREDITS PARTICIPANTS WITH A BENEFIT WHICH IS CALCULATED BASED ON THE EXCESS OF THE PARTICIPANT'S COMPENSATION OVER THE MAXIMUM ALLOWED FOR PENSION CONTRIBUTIONS. AMOUNTS DEFERRED ARE NOT REPORTED AS TAXABLE INCOME UNTIL/UNLESS A TRIGGERING EVENT OCCURS. THIS DEFERRED COMPENSATION PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE PROVISION AND AN ELECTED VESTING SCHEDULE. THE OFFICERS AND KEY EMPLOYEES ARE PAID BY AN UNRELATED ORGANIZATION, CENTURA HEALTH CORPORATION, THROUGH A MANAGEMENT AGREEMENT AND ARE ELIGIBLE TO PARTICIPATE IN THE DEFERRED COMPENSATION PLAN PROVIDED BY CENTURA HEALTH CORPORATION. THE FOLLOWING INDIVIDUALS WERE ELIGIBLE TO PARTICIPATE IN AND RECEIVED PAYMENT FROM THE SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN: ERIN DENHOLM $37,178 THIS PAYMENT IS THE FULL AMOUNT PAID BY CHC. THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN B(III) INCLUDES ONLY THE PORTION OF DEFERRED COMPENSATION PAYMENT RELATED TO TIME SPENT DIRECTLY ON PROVIDING SERVICES IN HER CAPACITY AS AN OFFICER OF PORTER PLACE, INC.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation3THE ORGANIZATION'S TOP MANAGEMENT AND TOP FINANCIAL OFFICIALS WERE PAID BY CENTURA HEALTH CORPORATION ("CHC"), AN UNRELATED ORGANIZATION THAT PROVIDES SERVICES TO PORTER PLACE THROUGH A MANAGEMENT SERVICES CONTRACT. THE TOP MANAGEMENT AND TOP FINANCIAL OFFICIALS WERE APPOINTED AS SUCH BY THE PORTER PLACE BOARD OF DIRECTORS. WHILE THEY ARE OFFICERS OF PORTER PLACE, A VERY SMALL PORTION OF THEIR TIME IS DIRECTLY RELATED TO THE OPERATIONS OF THE ORGANIZATION. THEIR SALARIES ARE PAID BY CHC, AN UNRELATED ORGANIZATION CHARGED WITH MANAGING THE OPERATIONS OF THE FILING ORGANIZATION, IN THEIR CAPACITY AS OFFICERS OR KEY EMPLOYEES OF CHC. THUS, THEIR REPORTABLE COMPENSATION IS NOT REPORTED ON THE FILING ORGANIZATION'S FORM 990, BUT INSTEAD IS DISCLOSED IN FULL ON CHC'S FORM 990. ERIN DENHOLM, LISA POTTER, AND NANCY STOKES ARE ALSO PAID BY CHC; HOWEVER, THESE INDIVIDUALS HAVE COMPENSATION REPORTED ON PORTER PLACE'S FORM 990, PART VII AND SCHEDULE J, PART II FOR THE PORTION OF TIME SPENT DIRECTLY ON PROVIDING SERVICES IN THEIR CAPACITY AS OFFICERS OF PORTER PLACE.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0METHODS USED TO ESTABLISH CEO COMPENSATION
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier1Severance or change-of-control payment
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier2Supplemental nonqualified retirement plan
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier3REPORTABLE COMPENSATION PAID BY UNRELATED ORGANIZATION
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference1Schedule J, Part I, Line 4a
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference2Schedule J, Part I, Line 4b
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference3SCHEDULE J, PART II
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0ERIN DENHOLM
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1LISA POTTER
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2NANCY STOKES
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg01438
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg11438
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg2105
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg05465
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg13909
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg252
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg052918
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg127820
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg224758
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs20

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