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Nonprofit · EIN 35-2019497

PORTLAND FOUNDATION INC

Tax-exempt · PORTLAND, IN 47371

Financials

$3.7M$1.1M2023$5.5M$4.6M2024
Revenue Expenses · by fiscal year end
Financials of PORTLAND FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,542,258$4,643,114$899,144$26,221,348$1,022,717$25,198,631
December 31, 2023990$3,726,834$1,105,809$2,621,025$24,422,136$973,492$23,448,644
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,175,257
of which government grants
$4,175,257
Program service revenue
$0
Investment income
$1,367,001
Net gain from sales of assets
$562,910
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,341,952
Compensation of officers, directors and key employees
$58,322
Other salaries and wages
$52,701
Salaries, compensation and benefits (total)
$125,406
Professional fundraising fees
$0
Accounting fees
$9,610
Occupancy
$32,225
Program services (functional)
$4,535,567
Management and general (functional)
$96,345
Fundraising (functional)
$11,202

Balance sheet and other

Total assets, start of year
$24,422,136
Total assets, end of year
$26,221,348
Total liabilities, end of year
$1,022,717
Net assets, end of year
$25,198,631
Net assets without donor restrictions
$201,760
Net assets with donor restrictions
$24,996,871
Gross receipts
$8,250,336
Employees
3
Volunteers
50
Year formed
1997
State of legal domicile
IN

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.

NameTitleHours / weekCompensationFrom related orgs
DOUGLAS INMANEXECUTIVE DI
Trustee or director, Officer
40$58,322$83,928
JEREMY GULLEYPRESIDENT
Trustee or director, Officer
1$0$0
KALEB HEMMELGARNVICE PRESIDE
Trustee or director, Officer
1$0$0
KRISTA MUHLENKAMPSECRETARY/TR
Trustee or director, Officer
1$0$0
JOSHUA ATKINSONDIRECTOR
Trustee or director
1$0$0
ADAM HOMANDIRECTOR
Trustee or director
1$0$0
RICHARD HUFFMANDIRECTOR
Trustee or director
1$0$0
AUDREY MUHLENKAMPDIRECTOR
Trustee or director
1$0$0
ANGELA PAXSONDIRECTOR
Trustee or director
1$0$0
MARK VALENTINEDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DOUGLAS INMANEXECUTIVE DI
Trustee or director, Officer
40$55,633$78,867$7,000
JOSHUA ATKINSONDIRECTOR
Trustee or director
1$0$0$0
JEREMY GULLEYPRESIDENT
Trustee or director, Officer
1$0$0$0
KALEB HEMMELGARNVICE PRESIDE
Trustee or director, Officer
1$0$0$0
ADAM HOMANDIRECTOR
Trustee or director
1$0$0$0
RICHARD HUFFMANDIRECTOR
Trustee or director
1$0$0$0
AUDREY MUHLENKAMPDIRECTOR
Trustee or director
1$0$0$0
KRISTA MUHLENKAMPSECRETARY/TR
Trustee or director, Officer
1$0$0$0
ANGELA PAXSONDIRECTOR
Trustee or director
1$0$0$0
MARK VALENTINEDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
107 S MERIDIAN ST, PORTLAND, IN 47371-2112
In care of
% DUANE L TARNACKI
Principal officer (990 for 2024)
DOUGLAS INMAN, 107 S MERIDIAN ST, PORTLAND, IN 47371
Signed the 990
DOUGLAS INMAN, EXECUTIVE DIRECTOR
Phone
(260) 726-4260
Return prepared by
ESTEP BURKEY SIMMONS LLC

Mission

ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT, EFFECTING SIGNIFICANT IMPACT THROUGH GRANTMAKING AND PROVIDING LEADERSHIP ON KEY COMMUNITY ISSUES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PORTLAND FOUNDATION ADMINISTERS APPROXIMATELY 100 SEPARATE SCHOLARSHIP TRUSTS ESTABLISHED FOR THE PROVISION OF STUDENT SCHOLARSHIPS IN AND AROUND JAY COUNTY, INDIANA. THE FOUNDATION ALSO ADMINISTERS GRANTS TO ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA.
    Expenses $4,535,567 · grants $4,341,952

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-2019497
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$26,221,348
Income (IRS master file)
$8,250,336

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,542,258$4,643,114$26,221,348XML
990December 2023$3,726,834$1,105,809$24,422,136XML
990December 2022$1,042,006$1,122,328$19,236,092IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 35-2019497).

Questions about PORTLAND FOUNDATION INC

What is the EIN of PORTLAND FOUNDATION INC?
The employer identification number (EIN) of PORTLAND FOUNDATION INC is 35-2019497.
Is PORTLAND FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to PORTLAND FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does PORTLAND FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PORTLAND FOUNDATION 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 PORTLAND FOUNDATION 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 PORTLAND FOUNDATION INC?
The 990 for the year ended December 31, 2024 names DOUGLAS INMAN.
Who are the officers and directors of PORTLAND FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $58,322 (DOUGLAS INMAN, EXECUTIVE DI).
How much revenue does PORTLAND FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,542,258, expenses of $4,643,114 and total assets of $26,221,348 at year end.

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