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Porter Foundation

Porter Foundation

Greensboro, NC
Tax ID27-0635624

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About this organization

Revenue

$9,573,544

Expenses

$11,132,733

Mission

The Foundation's twin mission continues to be protecting and nurturing the environment, particularly threatened speciies of pine trees, while teaching and mentoring younger adults how to create jobs and become agribusiness entrepreneurs, particularly among disadvantaged communities, caring for the environment in a sustainable manner.

About

Agribusiness entrepreneurship training / mentoring. This was a transition year for the Foundation during which its founder died. The later part of the year saw a reorganization effort begun to re-position the Foundation's work away from providing a working job creation lab and support / product into a concentration towards pure training and mentoring. This transition in emphasis and operation is expected to take approximately two years.

Interesting data from their 2019 990 filing

The non-profit's mission is outlined in the filing as being “The foundation's twin missions continue to be protecting and nurturing the environment, particularly threatened species of pine trees, while teaching and mentoring younger adults how to create jobs and become agribusiness entrepreneurs, especially among disadvantaged communities, caring for the environment in a sustainable manner.”.

When outlining its responsibilities, they were referred to as: “The foundation's twin mission continues to be protecting and nurturing the environment, particularly threatened speciies of pine trees, while teaching and mentoring younger adults how to create jobs and become agribusiness entrepreneurs, particularly among disadvantaged communities, caring for the environment in a sustainable manner.”.

  • The state in which the non-profit operates has been officially reported as NC.
  • The filing reveals the non-profit's address in 2019 to be 503 Banner Avenue, Greensboro, NC, 27401.
  • As per the non-profit's form for 2019, they have 18 employees on their payroll.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$1,559,189.
  • The CEO salary policy within the organization is subject to review and endorsement by an impartial party.
  • The organization has a written policy that delegates the management duties.
  • The organization has 2 independent voting members.
  • The organization was formed in 2009.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $660,415 in salary, compensation, and benefits to its employees.
  • The organization pays $16,056 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a business related family member transaction.
  • The organization has a business related organization transaction.

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