Nonprofit · EIN 35-6028362
PORTLAND FOUNDATION
Tax-exempt · PORTLAND, IN 47371
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,926,811 | $4,884,598 | $42,213 | $24,839,195 | $598,744 | $24,240,451 |
| December 31, 2023 | 990 | $1,620,583 | $1,840,594 | -$220,011 | $23,963,880 | $602,017 | $23,361,863 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,611,010
- of which government grants
- $12,554
- Program service revenue
- $0
- Investment income
- $1,315,801
- Net gain from sales of assets
- $519,610
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,534,814
- Compensation of officers, directors and key employees
- $83,927
- Other salaries and wages
- $41,269
- Salaries, compensation and benefits (total)
- $141,415
- Professional fundraising fees
- $0
- Accounting fees
- $10,836
- Occupancy
- $18,512
- Depreciation
- $22,837
- Program services (functional)
- $4,740,484
- Management and general (functional)
- $131,481
- Fundraising (functional)
- $12,633
Balance sheet and other
- Total assets, start of year
- $23,963,880
- Total assets, end of year
- $24,839,195
- Total liabilities, end of year
- $598,744
- Net assets, end of year
- $24,240,451
- Land, buildings and equipment
- $274,950
- Publicly traded securities
- $23,349,118
- Net assets without donor restrictions
- $274,949
- Net assets with donor restrictions
- $23,965,502
- Gross receipts
- $7,678,189
- Employees
- 3
- Year formed
- 1951
- 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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DOUGLAS INMAN | EXECUTIVE DI Trustee or director, Officer | 40 | $83,927 | $58,322 |
| JEREMY GULLEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KALEB HEMMELGARN | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| KRISTA MUHLENKAMP | SECREATARY/T Trustee or director, Officer | 1 | $0 | $0 |
| JOSHUA ATKINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM HOMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD HUFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AUDREY MUHLENKAMP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA PAXSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK VALENTINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUGLAS INMAN | EXECUTIVE DI Trustee or director, Officer | 40 | $78,867 |
| JEREMY GULLEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KALEB HEMMELGARN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KRISTA MUHLENKAMP | SECREATARY/T Trustee or director, Officer | 1 | $0 |
| JOSHUA ATKINSON | DIRECTOR Trustee or director | 1 | $0 |
| ADAM HOMAN | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD HUFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| AUDREY MUHLENKAMP | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA PAXSON | DIRECTOR Trustee or director | 1 | $0 |
| MARK VALENTINE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 107 S MERIDIAN ST, PORTLAND, IN 47371-2112
- In care of
- % DOUGLAS L INMAN
- 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
- Website
- WWW.PORTLANDFOUNDATION.ORG
- 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.
Program accomplishments
- THE PORTLAND FOUNDATION ADMINISTERS APPROXIMATELY 100 SEPARATE SCHOLARSHIPS IN AND AROUND JAY COUNTY, INDIANA. THE FOUNDATION ENSURES SPECIFIC GUIDELINES ESTABLISHED BY EACH SCHOLARSHIP TRUST ARE FOLLOWED IN AWARDING SCHOLARSHIPS TO BETTER THE COMMUNITY.Expenses $4,740,484 · grants $4,534,814
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 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
- 35-6028362
- 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
- 2026
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $24,839,195
- Income (IRS master file)
- $7,678,189
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,926,811 | $4,884,598 | $24,839,195 | IRS |
| 990 | December 2023 | $1,620,583 | $1,840,594 | $23,963,880 | XML |
| 990 | December 2022 | $680,512 | $955,706 | $22,364,186 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 35-6028362).
Questions about PORTLAND FOUNDATION
- What is the EIN of PORTLAND FOUNDATION?
- The employer identification number (EIN) of PORTLAND FOUNDATION is 35-6028362.
- Is PORTLAND FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Are donations to PORTLAND FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORTLAND FOUNDATION 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 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 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?
- The 990 for the year ended December 31, 2024 names DOUGLAS INMAN.
- Who are the officers and directors of PORTLAND FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $83,927 (DOUGLAS INMAN, EXECUTIVE DI).
- How much revenue does PORTLAND FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,926,811, expenses of $4,884,598 and total assets of $24,839,195 at year end.
Other nonprofits in PORTLAND
- PORTLAND FOUNDATION INC EIN 35-2019497 · last filed 990 for 2024
- UNITED WAY OF JAY COUNTY INC EIN 35-1020932 · last filed 990 for 2025
- JAY COUNTY HOSPITAL AUXILIARY INC EIN 35-2139245 · last filed 990 for 2024
- LITTLE SALAMONIA CEMETERY ASSOCIATION INC EIN 84-3640554 · last filed 990-N for 2025
- JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION EIN 35-0420975 · last filed 990 for 2025
- JAY - RANDOLPH DEVELOPMENTAL SERVICES INC RFD 3 EIN 35-1391724 · last filed 990 for 2025
- PORTLAND FOUNDATION BUILDING CORPORATION INC EIN 93-2234454 · last filed 990 for 2024
- YOUTH SERVICE BUREAU OF JAY COUNTY INC EIN 35-1468539 · last filed 990 for 2025
All nonprofits in PORTLAND · Indiana · Philanthropy, voluntarism and grantmaking foundations