Porto Charities Inc
- Assets
- $467.4k
- Revenue
- $444.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Fairfax, VA
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 30-0544129
Organization Overview
Porto Charities Inc is located in Fairfax, VA. The organization was established in 2009. 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. Porto Charities Inc 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 12/2023, Porto Charities Inc generated $444.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $300.8k during the year ending 12/2023. While expenses have increased by 8.9% 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.
Since 2021, Porto Charities Inc has awarded 40 individual grants totaling $327,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PORTO CHARITIES INCREASES THE EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES AVAILABLE TO CHILDREN AND YOUNG ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH GRANTS, EDUCATION AND ADVOCACY PROGRAMS SUPPORTING THE CATHOLIC DIOCESE OF ARLINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE PERMISSION AND SUPPORT FROM THE ARLINGTON BISHOP, MICHAEL BURBRIDGE, PORTO CHARITIES CONDUCTED A SPECIAL KIDS/SPECIAL NEEDS COLLECTION FROM VARIOUS PARISHES THROUGHOUT THE ARCHDIOCESE. FUNDS COLLECTED WERE DISTRIBUTED AS GRANT AWARDS IN SUPPORT OF INCLUSIVE EDUCATION AND SPECIAL NEEDS PROGRAMS IN THE DIOCESE PAROCHIAL SCHOOLS WITH NO ADMINISTRATIVE OR OVERHEAD COST ASSESSMENTS. SEE SCHEDULE I FOR A LISTING OF THE PORTO'S 2023 GRANT AWARD PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Rzepka Executive Director | 40 | $72,541 | |
Leo Alonso President | OfficerTrustee | 13 | $0 |
William Dalgetty Vice President | OfficerTrustee | 13.5 | $0 |
John Reidt Treasurer | OfficerTrustee | 7 | $0 |
William Mundy Secretary | OfficerTrustee | 7 | $0 |
Christine Fowler Director | Trustee | 20 | $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 | $413,232 |
| Noncash contributions included in lines 1a–1f | $5,511 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,232 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $472 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,100 |
| 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. | $75,867 |
| Compensation of current officers, directors, key employees. | $22,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $546 |
| Fees for services: Accounting | $16,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,340 |
| Office expenses | $2,803 |
| Information technology | $9,017 |
| 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 | $3,695 |
| All other expenses | $0 |
| Total functional expenses | $300,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,538 |
| Savings and temporary cash investments | $236,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,666 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,434 |
| Accounts payable and accrued expenses | $9,078 |
| 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 | $9,078 |
| Net assets without donor restrictions | $458,356 |
| 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 | $467,434 |
Grants Awarded
Over the last fiscal year, Porto Charities Inc has awarded $97,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BASILICA OF ST MARY PURPOSE: Support of Inclusive Education in Diocese School. | $12,000 |
BISHOP IRETON HIGH SCHOOL PURPOSE: Support of Inclusive Education in Diocese School. | $10,000 |
DIOCESE OF ARLINGTONOFFICE OF DISABILITY PURPOSE: Support of Inclusive Education in Diocese School. | $6,000 |
HOLY SPIRIT CATHOLIC CHURCH PURPOSE: Support of Inclusive Education in Diocese School. | $10,000 |
ST JOHN PAUL CATHOLIC HIGH SCHOOL PURPOSE: Support of Inclusive Education in Diocese School. | $9,000 |
ST JAMES CATHOLIC CHURCH PRESCHOOL PURPOSE: Support for Inclusive Education in the Diocese of Arlington Schools. | $6,000 |