GOLD2024

The Portage Foundation

Kent, OH   |  http://portagefoundation.org
GuideStar Charity Check

The Portage Foundation

EIN: 34-1176817


Mission

We are the community foundation for Portage County with a mission to inspire philanthropy, impact causes, and engage community leaders to build a more resilient community. With an annual competitive grants process, scholarships for high school and college students, and annual skills building events for our non-profit partners, the Portage Foundation seeks to build a better future for our area residents.

Ruling year info

1976

Executive Director

Ms. Janice Simmons-Mortimer

Main address

PO Box 623

Kent, OH 44240 USA

Show more contact info

EIN

34-1176817

Subject area info

Foundations

Community improvement

Population served info

Children and youth

Adults

Economically disadvantaged people

People with diseases and illnesses

Students

NTEE code info

Community Foundations (T31)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Academic Scholarships

The Portage Foundation awards scholarships from a number of endowed funds supported by the generosity of community members. Our full list of scholarships, including any targeted schools, activities, or criteria, can be found on our website.

Applications for scholarships open annually on January 1 and close on March 1.

Population(s) Served
Young adults
Students

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don’t have the right technology to collect and aggregate feedback efficiently, It is difficult to find the ongoing funding to support feedback collection, Staff find it hard to prioritize feedback collection and review due to lack of time

Financials

The Portage Foundation
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

4.78

Average of 167.60 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

1.3

Average of 8.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

5%

Average of 7% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The Portage Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The Portage Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

The Portage Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of The Portage Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $482,688 -$156,661 $1,343,350 -$637,956 -$1,220,107
As % of expenses 159.5% -44.6% 195.9% -114.2% -289.5%
Unrestricted surplus (deficit) after depreciation $482,276 -$157,073 $1,342,938 -$638,207 -$1,220,107
As % of expenses 159.1% -44.6% 195.8% -114.2% -289.5%
Revenue composition info
Total revenue (unrestricted & restricted) $567,233 $846,165 $1,375,445 $1,059,250 $215,895
Total revenue, % change over prior year -72.4% 49.2% 62.6% -23.0% -79.6%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 43.9% 10.3% 10.6% 8.5% 46.2%
Government grants 0.0% 0.0% 0.0% 2.8% 0.0%
All other grants and contributions 55.0% 29.5% 96.3% 62.9% 88.8%
Other revenue 1.0% 60.1% -6.8% 25.8% -35.0%
Expense composition info
Total expenses before depreciation $302,624 $351,436 $685,622 $558,674 $421,421
Total expenses, % change over prior year 34.1% 16.1% 95.1% -18.5% -24.6%
Personnel 33.2% 29.1% 21.3% 25.9% 30.9%
Professional fees 4.4% 5.5% 7.8% 12.0% 13.1%
Occupancy 2.4% 2.0% 1.0% 0.5% 5.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 52.4% 31.2% 66.0% 50.9% 47.6%
All other expenses 10.8% 32.2% 3.9% 10.7% 2.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $303,036 $351,848 $686,034 $558,925 $421,421
One month of savings $25,219 $29,286 $57,135 $46,556 $35,118
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $10,252
Total full costs (estimated) $328,255 $381,134 $743,169 $605,481 $466,791

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 35.8 27.1 0.8 1.9 1.3
Months of cash and investments 205.4 27.1 124.7 175.6 185.6
Months of estimated liquid unrestricted net assets 27.3 21.8 34.7 28.8 3.2
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $901,884 $792,522 $47,947 $86,223 $45,057
Investments $4,279,156 $0 $7,075,128 $8,087,762 $6,471,933
Receivables $549,150 $488,249 $39,395 $0 $0
Gross land, buildings, equipment (LBE) $13,217 $13,216 $13,216 $13,216 $24,064
Accumulated depreciation (as a % of LBE) 83.4% 86.5% 89.7% 91.5% 52.8%
Liabilities (as a % of assets) 11.5% 8.4% 0.9% 21.9% 20.9%
Unrestricted net assets $690,151 $639,099 $1,982,037 $1,343,830 $123,723
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $4,385,177 N/A N/A N/A N/A
Total restricted net assets $4,385,177 $5,115,988 $5,115,988 $5,037,681 $5,042,546
Total net assets $5,075,328 $5,755,087 $7,098,025 $6,381,511 $5,166,269

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors Yes No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Ms. Janice Simmons-Mortimer

Number of employees

Source: IRS Form 990

The Portage Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

The Portage Foundation

Board of directors
as of 02/15/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Kamelia Fisher

Autism Society of Greater Akron

Term: 2024 - 2026

Deborah Smeiles

Cutler Real Estate

Elizabeth Padisak

Deerfield Ag Services, Inc.

Linda Zucca

Emerita Professor, Kent State University

Elizabeth (Lissa) Barry

Retired

Ginger Cook

ReMax Diversity

Eric Decker

Portage Community Bank

Steve Fisher

Post Glover Resistors

Anne Jorgensen

St Vincent St Mary High School

Will Sumser, CFP

Hope Financial Group

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/15/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/15/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.