Portage Area Community Charitable Trust
- Assets
- $508.3k
- Revenue
- $294.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Portage, WI
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 14-6268845
Organization Overview
Portage Area Community Charitable Trust, operating under the name Positively Portage, is located in Portage, WI. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Positively Portage 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, Positively Portage generated $294.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $63.3k during the year ending 06/2022. While expenses have increased by 21.0% per year over the past 5 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 PURPOSE OF THE TRUST IS TO RECEIVE AND ACCEPT PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARLY IN, AND FOR THE BENEFIT OF THE PEOPLE OF THE METROPOLITAN AREA OF PORTAGE, WI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1,500 GRANT/DONATION TO THE BOYS & GIRLS CLUB OF SOUTH CENTRAL WISCONSIN, PORTAGE, WI
1,860 GRANT/DONATION TO THE PORTAGE AREA CHAMBER OF COMMERCE, PORTAGE, WI.
1,000 GRANTS/DONATIONS TO RIVER HAVEN HOMELESS SHELTER, PORTAGE, WI.
GRANTS/DONATIONS TO OTHER CHARITABLE ORGANIZATIONS IN PORTAGE, WI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Jacobson President | Officer | 5 | $0 |
Shane Schmidt Treasurer | Officer | 2 | $0 |
Amanda Weyh-Meissner Vice-Preside | Officer | 2 | $0 |
Ed Steck Board Member | Trustee | 1 | $0 |
Mike Hurd Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,200 |
| Total Program Service Revenue | $0 |
| Investment income | $8,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,977 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $932 |
| Advertising and promotion | $0 |
| Office expenses | $490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $450 |
| All other expenses | $0 |
| Total functional expenses | $63,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,251 |
| Savings and temporary cash investments | $3,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $351,068 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,312 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $508,312 |
| 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 | $508,312 |
Grants Awarded
Over the last fiscal year, Portage Area Community Charitable Trust has awarded $51,440 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAITI PURPOSE: CHARITABLE DONATION | $42,000 |
SKATE PARK PURPOSE: CHARITALBLE DONATION | $9,440 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Portage Area Community Charitable Trust has recieved totaling $78,005.
| Awarding Organization | Amount |
|---|---|
Edward C Lenz And June M Lenz Charitable Trust Chicago, IL PURPOSE: GENERAL OPERATING PURPOSES | $60,000 |
American Endowment Foundation Hudson, OH PURPOSE: PORTAGE FAMILY SKATE PARK PROJECT | $10,500 |
Harris Fam Foundation Tr St Louis, MO PURPOSE: GENERAL OPERATING | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
Berrien Community Foundation Inc St Joseph, MI | $80,848,791 | $11,315,608 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Saginaw Community Foundation Saginaw, MI | $102,443,915 | $13,682,222 |
Community Foundation Of St Clair County Port Huron, MI | $89,709,693 | $10,612,101 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |