Portals Public Improvements Assoc
- Assets
- $8.7m
- Revenue
- $817.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 52-1675423
Organization Overview
Portals Public Improvements Assoc is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portals Public Improvements Assoc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Portals Public Improvements Assoc generated $817.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $267.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION FUNCTIONS TO PROVIDE FOR THE MAINTENANCE OF THE PUBLIC IMPROVEMENTS COVERED BY THE DECLARATION OF EASEMENTS AND COVENANTS OF THE PORTALS RECORDED IN THE LAND RECORDS OF THE DISTRICT OF COLUMBIA ON JUNE 29, 1989 LOCATED IN SOUTHWEST WASHINGTON, DC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED FOR THE MAINTENANCE OF THE MARYLAND AVENUE IMPROVEMENTS, TWO PEDESTRIAN PLAZAS, A PEDESTRIAN BRIDGE, AND A STRUCTURE ENCLOSING THE RAILROAD TRACKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George W Cantrell Treasurer Thru Sep 2021 | OfficerTrustee | 4 | $0 |
Steven A Grigg President | OfficerTrustee | 0.5 | $0 |
Richard L Kramer Vice President/secretary | OfficerTrustee | 0.1 | $0 |
Susan Hinson Treasurer | OfficerTrustee | 4 | $0 |
Franklin L Haney Director | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $813,468 |
| Investment income | $4,377 |
| 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 | $817,845 |
| 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 | $46,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,239 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73 |
| Advertising and promotion | $0 |
| Office expenses | $6 |
| 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 | $1,096 |
| Insurance | $32,000 |
| All other expenses | $1,975 |
| Total functional expenses | $267,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,677,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,672 |
| 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 | $2,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,981 |
| Total assets | $8,742,869 |
| Accounts payable and accrued expenses | $2,772 |
| 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 | $2,772 |
| Net assets without donor restrictions | $0 |
| 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 | $1,500,000 |
| Retained earnings, endowment, accumulated income, or other funds | $7,240,097 |
| Total liabilities and net assets/fund balances | $8,742,869 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rails To Trails Conservancy Washington, DC | $16,243,959 | $14,519,472 |
Chesapeake Conservancy Inc Annapolis, MD | $13,236,349 | $13,997,052 |
C&o Canal Trust Inc Williamsport, MD | $1,252,991 | $1,201,930 |
Friends Of Hollywood Cemetery Richmond, VA | $556,958 | $587,706 |
Netcentric Campaigns Inc Washington, DC | $746,769 | $336,410 |
Roland Park Community Foundation Inc Baltimore, MD | $2,223,644 | $640,047 |
Tricycle Gardens Richmond, VA | $0 | $34,567 |
Friends Of Patterson Park Inc Baltimore, MD | $1,364,407 | $569,758 |
Keep Virginia Beautiful Inc Richmond, VA | $170,978 | $384,305 |
Waverly Main Street Inc Baltimore, MD | $272,421 | $361,645 |
Friends Of The Blue Ridge Parkway Inc Roanoke, VA | $499,850 | $407,830 |
Capital Trees Richmond, VA | $352,653 | $245,144 |