Nonprofit · EIN 47-6693100
MICHAEL E PORTER FAMILY FOUNDATION
Also known as MICHAEL E PORTER TTEE
Tax-exempt · ALBANY, NY 12201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,165,325 | $696,560 | $3,468,765 | $15,729,562 | $0 | $15,729,562 |
| December 31, 2023 | 990-PF | $5,865,822 | $393,746 | $5,472,076 | $12,260,797 | $0 | $12,260,797 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,983,578
- Dividends
- $560,506
- Net gain from sales of assets
- $460,489
- Other income
- $160,752
Expenses
- Grants and similar amounts paid
- $350,760
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $350,760
- Excise tax on investment income
- $45,080
Balance sheet and other
- Total assets, start of year
- $12,260,797
- Total assets, end of year
- $15,729,562
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,729,562
- Fair market value of assets
- $17,791,437
- Qualifying distributions
- $350,760
- Net investment income
- $3,371,852
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sonia T Smyth c/o Independent Family Office LLC, PO Box 10879, Albany, NY 12201 | Trustee | 1 | $0 |
| Ilana Z Porter c/o Independent Family Office LLC, PO Box 10879, Albany, NY 12201 | Trustee | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sonia T Smyth c/o Independent Family Office LLC, PO Box 10879, Albany, NY 12201 | Trustee | 1 | $0 |
| Ilana Z Porter c/o Independent Family Office LLC, PO Box 10879, Albany, NY 12201 | Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10879, ALBANY, NY 12201-5879
- In care of
- % INDEPENDENT FAMILY OFFICE L
- Signed the 990-PF
- SONIA T SMYTH, TRUSTEE
- Phone
- (518) 301-1679
- Return prepared by
- Independent Family Office LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-6693100
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $15,729,562
- Income (IRS master file)
- $8,962,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,165,325 | $696,560 | $15,729,562 | XML |
| 990-PF | December 2023 | $5,865,822 | $393,746 | $12,260,797 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 47-6693100).
Questions about MICHAEL E PORTER FAMILY FOUNDATION
- What is the EIN of MICHAEL E PORTER FAMILY FOUNDATION?
- The employer identification number (EIN) of MICHAEL E PORTER FAMILY FOUNDATION is 47-6693100.
- Is MICHAEL E PORTER FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to MICHAEL E PORTER FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAEL E PORTER FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL E PORTER FAMILY 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 MICHAEL E PORTER FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MICHAEL E PORTER FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does MICHAEL E PORTER FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,165,325, expenses of $696,560 and total assets of $15,729,562 at year end.
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