Port Resources
- Assets
- $7.0m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 263
- Location
- South Portland, ME
- Founding
- 05/1981
- Data as of
- 06/2022
- EIN
- 01-0367582
Organization Overview
Port Resources is located in South Portland, ME. The organization was established in 1981. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Port Resources employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Resources is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Port Resources generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $14.0m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO EMPOWERING PEOPLE WITH DISABILITIES TO LIVE RICH AND FULFILLING LIVES IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PERSONS WITH DEVELOPMENTAL DISABILITIES WITH COMMUNITY RESIDENTIAL, REHABILIATION AND RELATED SERVICES TO ENABLE INDEPENDENT COMMUNITY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Macdonald Executive Director | Officer | 40 | $108,434 |
Robin Defreest Director Of Finance | Officer | 40 | $65,715 |
Charles Katz-Leavy Vice President | OfficerTrustee | 1 | $0 |
Ronald Dovich Treasurer | OfficerTrustee | 1 | $0 |
Nicole Poirier Secretary | OfficerTrustee | 1 | $0 |
Lydia Wagner President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,049,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,166 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,606 |
| Total Program Service Revenue | $12,866,897 |
| Investment income | $9,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,195,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,963,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $962,204 |
| Payroll taxes | $649,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,760 |
| Fees for services: Accounting | $46,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,035 |
| Advertising and promotion | $4,295 |
| Office expenses | $22,094 |
| Information technology | $252,895 |
| Royalties | $0 |
| Occupancy | $5,490 |
| Travel | $106,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $171,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $459,604 |
| Insurance | $143,083 |
| All other expenses | $385,887 |
| Total functional expenses | $13,987,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,878 |
| Savings and temporary cash investments | $429,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $799,470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $83,733 |
| Net Land, buildings, and equipment | $4,896,561 |
| Investments—publicly traded securities | $181,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,102 |
| Total assets | $6,988,645 |
| Accounts payable and accrued expenses | $1,233,284 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,259,979 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $295,047 |
| Total liabilities | $4,788,310 |
| Net assets without donor restrictions | $2,200,335 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,988,645 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Port Resources has recieved totaling $9,300.
| Awarding Organization | Amount |
|---|---|
Machias Savings Bank Community Development Foundation Machias, ME PURPOSE: PROGRAM SUPPORT GRANT | $9,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Behavioral Health & Developmental Services Of Stafford County Inc Dover, NH | $15,344,389 | $51,511,437 |
Lakes Region Community Services Council Laconia, NH | $11,804,151 | $30,580,604 |
Developmental Services Of Sullivan County Inc Claremont, NH | $6,730,839 | $26,476,169 |
Waypoint Maine Inc Sanford, ME | $37,417,961 | $26,077,048 |
Port Resources South Portland, ME | $6,988,645 | $14,195,807 |
Support Solutions Inc Auburn, ME | $4,627,175 | $13,680,962 |
Independence Association Inc Brunswick, ME | $10,733,333 | $10,715,783 |
Community Living Association Houlton, ME | $6,904,943 | $9,371,588 |
Leap Farmington, ME | $5,331,384 | $8,415,855 |
Skills Inc St Albans, ME | $6,219,132 | $10,255,548 |
Central Aroostook Association Presque Isle, ME | $6,844,683 | $8,687,075 |
Peregrine Corp South Portland, ME | $9,247,033 | $7,302,210 |