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Nonprofit · EIN 54-1598359

PORTCO INC

Tax-exempt · SUFFOLK, VA 23435

Financials

$12.8M$12.8M2024
Revenue Expenses · by fiscal year end
Financials of PORTCO INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$12,836,738$12,765,900$70,838$3,545,065$1,733,320$1,811,745
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$125,279
of which government grants
$102,654
Program service revenue
$12,711,449
Investment income
$10
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$7,946,667
Salaries, compensation and benefits (total)
$9,129,326
Professional fundraising fees
$0
Legal fees
$253
Accounting fees
$275,903
Occupancy
$193,567
Travel
$51,806
Depreciation
$223,572
Program services (functional)
$11,536,023
Management and general (functional)
$1,229,877

Balance sheet and other

Total assets, start of year
$3,679,646
Total assets, end of year
$3,545,065
Total liabilities, end of year
$1,733,320
Net assets, end of year
$1,811,745
Land, buildings and equipment
$630,135
Net assets without donor restrictions
$1,811,745
Gross receipts
$12,836,738
Employees
292
Year formed
1991
State of legal domicile
VA

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
REV MILTON R BLOUNTBOARD MEMBER
Trustee or director
–$0
MELISSA EDMONDSCHAIRMAN
Trustee or director
–$0
DAVID HOLLEYBOARD MEMBER
Trustee or director
–$0
TANYA MONROEBOARD MEMBER
Trustee or director
–$0
MICHAEL TOWNSENDCO-CHAIR
Trustee or director
–$0
BILL UNDERWOODBOARD MEMBER
Trustee or director
–$0
BELINDA DAUGHERTYCHIEF OPERAT
Officer
–$0
RALPH WAHLBERGSENIOR EXECU
Officer
–$0
D MARK WILSONPRESIDENT &
Officer
–$0

Address and contacts

Address (IRS master file)
7025 HARBOUR VIEW BLVD STE 116, SUFFOLK, VA 23435-2762
Principal officer (990 for 2024)
D MARK WILSON, 800 LOUDOUN AVE, PORTSMOUTH, VA 237073217
Signed the 990
D MARK WILSON, PRESIDENT & CEO
Phone
(757) 399-2444
Return prepared by
COLBY & COMPANY PLC

Mission

TO PROVIDE EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH DISABILITIES.

990 for the year ended September 30, 2025

Program accomplishments

  • PROVIDE EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH DISABILITIES.
    Expenses $11,536,023 · revenue $12,711,448
  • TO SUPPORT THE MISSION OF PORTCO INC AND PROVIDE EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH DISABILITIES.

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
54-1598359
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J300)
Assets (IRS master file)
$3,545,065
Income (IRS master file)
$12,836,738

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025–––IRS
990September 2024–––IRS
990September 2023$11,167,202$10,622,914$3,493,208IRS
990September 2022$9,925,397$10,062,951$1,889,328IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about PORTCO INC

What is the EIN of PORTCO INC?
The employer identification number (EIN) of PORTCO INC is 54-1598359.
Is PORTCO INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to PORTCO INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PORTCO 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 PORTCO INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PORTCO INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of PORTCO INC?
The 990 for the year ended September 30, 2025 names D MARK WILSON.
Who are the officers and directors of PORTCO INC?
The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does PORTCO INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $12,836,738, expenses of $12,765,900 and total assets of $3,545,065 at year end.

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