Adam Charles Ports Foundation For Martial Arts
- Assets
- $941.0k
- Revenue
- $137.2k
- Investments
- $817.2k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 12/2003
- Data as of
- 09/2023
- EIN
- 04-3724361
Organization Overview
Adam Charles Ports Foundation For Martial Arts is located in Akron, OH. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adam Charles Ports Foundation For Martial Arts 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 09/2023, Adam Charles Ports Foundation For Martial Arts generated $137.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $87.3k during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 4 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.
Since 2020, Adam Charles Ports Foundation For Martial Arts has awarded 138 individual grants totaling $519,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori C Ports President/director | 10 | $0 | |
Michael D Ports Treasurer/director | 10 | $0 | |
Matthew D Ports Secretary/director | 5 | $0 | |
Joel Teague Director | 2 | $0 | |
Richard Browne Director | 2 | $0 | |
Mike Frank Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,803 |
| Capital Gain Net Income | $22,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $93,992 |
| Total Revenue | $137,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,120 |
| Total operating and administrative expenses | $22,346 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $87,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,735 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $817,220 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $940,955 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Adam Charles Ports Foundation For Martial Arts has awarded $146,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY KATIE STONECYPHER PURPOSE: QUALIFYING STUDENT TRAINING IN MARTIAL ARTS | $7,000 |
CASE WESTERN RESERVE UNIVERSITY SODM DEREK FICKES PURPOSE: QUALIFYING STUDENT TRAINING IN MARTIAL ARTS | $7,000 |
HIGH POINT UNIVERSITY ALLISON REED PURPOSE: QUALIFYING STUDENT TRAINING IN MARTIAL ARTS | $6,000 |
OHIO NORTHERN UNIVERSITY RYAN HEAKIN PURPOSE: QUALIFYING STUDENT TRAINING IN MARTIAL ARTS | $6,000 |
MICHIGAN STATE UNIVERSITY GRACE BARTO PURPOSE: QUALIFYING STUDENT TRAINING IN MARTIAL ARTS | $6,000 |
YOUNGSTOWN STATE UNIVERSITY KATELYN CROFFORD PURPOSE: QUALIFYING STUDENT TRAINING IN MARTIAL ARTS | $5,000 |