Nonprofit · EIN 30-0721627
PORTFOLIOS WITH PURPOSE INC
Also known as PORTFOLIOS WITH PURPOSE
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,001 | $32,804 | -$18,803 | $11,968 | $31,350 | -$19,382 |
| December 31, 2023 | 990 | $20,669 | $27,892 | -$7,223 | $30,771 | $31,350 | -$579 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,000
- Program service revenue
- $0
- Investment income
- $1
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $4,970
- Program services (functional)
- $20,000
- Management and general (functional)
- $12,804
Balance sheet and other
- Total assets, start of year
- $30,771
- Total assets, end of year
- $11,968
- Total liabilities, end of year
- $31,350
- Net assets, end of year
- -$19,382
- Land, buildings and equipment
- $7,455
- Gross receipts
- $14,001
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT WAIKART | EXECUTIVE DIRECTOR Trustee or director, Officer | 20 | $0 |
| SCOTT ROSEN | DIRECTOR Trustee or director | 0.5 | $0 |
| NICHOLAS PANETTA | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDREW WELLINGTON | DIRECTOR Trustee or director | 0.5 | $0 |
| TIM SELBY | DIRECTOR Trustee or director | 0.5 | $0 |
| RYAN BAILEY | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT WAIKART | EXECUTIVE DIRECTOR Trustee or director, Officer | 20 | $0 |
| SCOTT ROSEN | DIRECTOR Trustee or director | 0.5 | $0 |
| NICHOLAS PANETTA | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDREW WELLINGTON | DIRECTOR Trustee or director | 0.5 | $0 |
| TIM SELBY | DIRECTOR Trustee or director | 0.5 | $0 |
| RYAN BAILEY | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 250 WEST 55TH STREET 37 FL, NEW YORK, NY 10019-9710
- In care of
- % ALEX DURAN
- Principal officer (990 for 2024)
- BRETT WAIKART, 250 WEST 55TH STREET 37 FL, NEW YORK, NY 10019
- Signed the 990
- BRETT WAIKART, EXECUTIVE DIRECTOR
- Phone
- (301) 219-4191
- Return prepared by
- SAVILLE CPAS AND ADVISORS LLC
Mission
TO PROMOTE GIVING BY MEMBERS OF THE INVESTMENT COMMUNITY, TO ENCOURAGE INDIVIDUALS TO CONTRIBUTE TO CHARITY WHO OTHERWISE MIGHT NOT DO SO, TO PROVIDE OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT CHARITIES SUPPORTED BY THEIR PEERS, ACQUAINTANCES, AND ROLE MODELS, AND TO OFFER AND PROVIDE ACCESS TO MENTORING IN THE WAYS OF PHILANTHROPY.
Program accomplishments
- MADE A CHARITABLE CONTRIBUTION TO ST. JUDE CHILDREN'S RESEARCH HOSPITAL TO SUPPORT PEDIATRIC CANCER RESEARCH AND TREATMENT FOR CHILDREN REGARDLESS OF THEIR ABILITY TO PAY.Expenses $20,000 · grants $20,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0721627
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $11,968
- Income (IRS master file)
- $14,001
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,001 | $32,804 | $11,968 | XML |
| 990 | December 2023 | $20,669 | $27,892 | $30,771 | XML |
| 990 | December 2022 | $57,419 | $54,584 | $37,994 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0721627).
Questions about PORTFOLIOS WITH PURPOSE INC
- What is the EIN of PORTFOLIOS WITH PURPOSE INC?
- The employer identification number (EIN) of PORTFOLIOS WITH PURPOSE INC is 30-0721627.
- Is PORTFOLIOS WITH PURPOSE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to PORTFOLIOS WITH PURPOSE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORTFOLIOS WITH PURPOSE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PORTFOLIOS WITH PURPOSE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTFOLIOS WITH PURPOSE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PORTFOLIOS WITH PURPOSE INC?
- The 990 for the year ended December 31, 2024 names BRETT WAIKART.
- Who are the officers and directors of PORTFOLIOS WITH PURPOSE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PORTFOLIOS WITH PURPOSE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,001, expenses of $32,804 and total assets of $11,968 at year end.
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