The Portage Foundation
The Portage Foundation
EIN: 34-1176817
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Our programs
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.
Where we work
External reviews
Photos
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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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
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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
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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
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
4.78
Months of cash in 2022 info
1.3
Fringe rate in 2022 info
5%
Funding sources info
Assets & liabilities info
Financial data
The Portage Foundation
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
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.
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Business model indicators
Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
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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 | |||||
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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 | |||||
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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 |
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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 |
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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 |
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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 |
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Material data errors | Yes | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Ms. Janice Simmons-Mortimer
Number of employees
Source: IRS Form 990
The Portage Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
The Portage Foundation
Board of directorsas of 02/15/2024
Board of directors data
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
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
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
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 02/15/2024GuideStar 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
- We review compensation data across the organization (and by staff levels) to identify disparities by race.