Nonprofit · EIN 54-6059292
PORTSMOUTH PARTNERSHIP INC
Tax-exempt · PORTSMOUTH, VA 23704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $774,437 | $645,397 | $129,040 | $1,296,451 | $250 | $1,296,201 |
| December 31, 2024 | 990 | $682,928 | $809,609 | -$126,681 | $1,080,047 | $0 | $1,080,047 |
| December 31, 2023 | 990 | $428,381 | $394,913 | $33,468 | $1,421,174 | $282,311 | $1,138,863 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $213,201
- Membership dues
- $71,050
- Program service revenue
- $467,605
- Investment income
- $93,531
- Other revenue
- $100
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $135,320
- Depreciation
- $375
Balance sheet and other
- Total assets, start of year
- $1,080,047
- Total assets, end of year
- $1,296,451
- Total liabilities, end of year
- $250
- Net assets, end of year
- $1,296,201
- Land, buildings and equipment
- $1,312
- Publicly traded securities
- $1,163,688
- Net assets without donor restrictions
- $1,296,201
- Gross receipts
- $774,437
- Employees
- 0
- Volunteers
- 48
- Year formed
- 1983
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAX GREENHOOD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| FRED J PASQUINE | FIRST VICE P Trustee or director, Officer | 2 | $0 |
| HOPE R SINCLAIR PHD | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHRIS SHELTON | TREASURER Trustee or director, Officer | 2 | $0 |
| MICHELLE WREN | EXECUTIVE DI Trustee or director, Officer | 30 | $0 |
| JAMES BENTO | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOSEPH D BOVEE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CARLEY E BRIERRE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR VALERIE BURGE-HALL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| B ROSS CHERRY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CAMILLE CHERRY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DONALD W COMER JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| THOMAS CROSS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAMES K CULLEN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOSEPH M DONNELLY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
34 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAIR DURHAM | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| TIM FOLEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MARK FRIGELJ | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR JOHNNY J GARCIA | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR STEPHEN GENTHNER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAY GRANT | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| HERBERT A HANEMAN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| LAURA W HANSON JD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEPHEN E HERETICK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DAVID HOST JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| C BRADFORD HUNTER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| RYAN C KENRICK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| SHANE KNISLEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEPHEN J KORVING | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ASHTON LEWIS JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JUSTIN C LOVELL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| SENATOR L LOUISE LUCAS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CURTIS C LYONS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STAN MAGANN JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROSS MORGAN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CANNON MOSS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| PEGGY W MURPHY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOHN PAUL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CHRISTINE N PIERSALL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MELISSA RAMSEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR ANGELA RIDDIX | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CAMERON ROBINETT | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| KENDRA ROBINSON | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOEL RUBIN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROBIN SCHMALBACH | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| WILLIAM J SMITH | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| WILLIAM TAYLOR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MATTHEW TUTTLE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROB WILBER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 50 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAX GREENHOOD | PRESIDENT Trustee or director, Officer | 3 | $0 |
| FRED J PASQUINE | FIRST VICE P Trustee or director, Officer | 2 | $0 |
| HOPE R SINCLAIR PHD | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHRIS SHELTON | TREASURER Trustee or director, Officer | 2 | $0 |
| MICHELLE WREN | EXECUTIVE DI Trustee or director, Officer | 30 | $0 |
| JULIE BARTLEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| B ROSS CHERRY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CARLEY E BRIERRE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEFANIE OSFOLK BROWN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAMES BENTO | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOSEPH BOVEE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| VALARIE BURGE-HALL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DONALD W COMER JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| THOMAS CROSS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOSEPH DONNELLY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MICHAEL P FITZWATER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR STEPHEN GENTHNER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CAMILLE CHERRY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MARK FRIGELJ | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR JOHNNY GARCIA | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| HERBERT A HANEMAN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR ROBERTA HANSEL-UNION | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| LAURA W HANSON JD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAY GRANT | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| C BRADFORD HUNTER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| RYAN C KENRICK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| SHANE KNISLEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEPHEN J KORVING | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEPHEN E HERETICK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DAVID HOST JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ASHTON LEWIS JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CURTIS C LYONS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STAN MAGANN JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROSS MORGAN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CANNON MOSS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JUSTIN C LOVELL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| SENATOR L LOUISE LUCAS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CHRISTINE N PIERSALL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| KONNER PRITCHARD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MELISSA RAMSEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| PEGGY MURPHY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOHN PAUL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROBIN SCHMALBACH | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR ANGELA RIDDIX | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CAMERON ROBINETT | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| KENDRA ROBINSON | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOEL RUBIN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| WILLIAM TAYLOR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MATTHEW TUTTLE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROB WILBER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 50 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JOHNNY GARCIA | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MAX GREENHOOD | VP/TREASURER Trustee or director, Officer | 3 | $0 |
| CHRIS SHELTON | SECRETARY Trustee or director | 2 | $0 |
| MICHELLE WREN | EXECUTIVE DI Trustee or director, Officer | 30 | $0 |
| EDWARD A BARHAM IV | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JULIE BARTLEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| B ROSS CHERRY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CARLEY E BRIERRE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEFANIE OSFOLK BROWN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAMES BENTO | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DONALD W COMER JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| THOMAS CROSS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOSEPH DONNELLY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MICHAEL P FITZWATER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR STEPHEN GENTHNER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CAMILLE CHERRY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MAX GREENHOOD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| HERBERT A HANEMAN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DR ROBERTA HANSEL-UNION | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| LAURA W HANSON JD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| WILLIAM H HARGROVE III | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAY GRANT | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| C BRADFORD HUNTER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| RYAN C KENRICK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| SHANE KNISLEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEPHEN J KORVING | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DANA M HATHORN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STEPHEN E HERETICK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DAVID HOST JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CURTIS C LYONS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| STAN MAGANN JR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROSS MORGAN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JUSTIN C LOVELL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| SENATOR L LOUISE LUCAS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CHRISTINE N PIERSALL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| KONNER PRITCHARD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MELISSA RAMSEY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JAIME RASMUSSEN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CANNON MOSS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| PEGGY MURPHY | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| FRED J PASQUINE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOHN PAUL | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROBIN SCHMALBACH | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOEL S RHEW | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| KENDRA ROBINSON | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JOEL RUBIN | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| HOPE R SINCLAIR PHD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| WILLIAM TAYLOR | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| MATTHEW TUTTLE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| ROB WILBER | TRUSTEE/DIRE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 739 HIGH ST, PORTSMOUTH, VA 23704-3425
- Principal officer (990 for 2025)
- MICHELLE WREN, 739 HIGH STREET, PORTSMOUTH, VA 23704
- Signed the 990
- MICHELLE WREN, EXECUTIVE DIRECTOR
- Phone
- (757) 397-8473
- Return prepared by
- BARNES BROCK CORNWELL & PAINTER PLC
Mission
TO STIMULATE INTEREST IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF PORTSMOUTH, VIRGINIA. TO ASSIST, IMPROVE AND DEVELOP EXISTING INDUSTRIES AND TO ASSIST PROSPECTIVE INDUSTRIES' ACQUISITION OF LAND AND BUILDINGS FOR THEIR OPERATION WITHIN THE CITY.
Program accomplishments
- TO STIMULATE INTEREST IN THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF PORTSMOUTH VIRGINIA, AND TO ASSIST, IMPROVE, AND DEVELOP EXISTING INDUSTRIES, AND TO ASSIST PROSPECTIVE INDUSTRIES ACQUISITION OF LAND AND BUILDINGS FOR THEIR OPERATION WITHIN THE CITY.
- BLOOM COWORKING PROVIDES SPACE AND WRAP AROUND SERVICES TARGETING LMI MINORITY OWNED BUSINESSES. BLOOM HELPS STABILIZE AND GROW STARTUPS AND SMALL BUSINESS IN PORTSMOUTH VIRGINIA AND THE HAMPTON ROADS REGION.
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 | 990 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
- 54-6059292
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,296,451
- Income (IRS master file)
- $774,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $774,437 | $645,397 | $1,296,451 | XML |
| 990 | December 2024 | $682,928 | $809,609 | $1,080,047 | XML |
| 990 | December 2023 | $428,381 | $394,913 | $1,421,174 | XML |
| 990 | December 2022 | $353,707 | $354,873 | $1,432,733 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 54-6059292).
Questions about PORTSMOUTH PARTNERSHIP INC
- What is the EIN of PORTSMOUTH PARTNERSHIP INC?
- The employer identification number (EIN) of PORTSMOUTH PARTNERSHIP INC is 54-6059292.
- Is PORTSMOUTH PARTNERSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1966.
- Are donations to PORTSMOUTH PARTNERSHIP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORTSMOUTH PARTNERSHIP 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 PORTSMOUTH PARTNERSHIP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTSMOUTH PARTNERSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PORTSMOUTH PARTNERSHIP INC?
- The 990 for the year ended December 31, 2025 names MICHELLE WREN.
- Who are the officers and directors of PORTSMOUTH PARTNERSHIP INC?
- The 990 for the year ended December 31, 2025 lists 49 people; 0 received compensation from the organization.
- How much revenue does PORTSMOUTH PARTNERSHIP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $774,437, expenses of $645,397 and total assets of $1,296,451 at year end.
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- BEAZLEY FOUNDATION INC EIN 54-0550100 · last filed 990-PF for 2024
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