Port Warwick Foundation FY2023 filing

Tax-deductible

Newport News, VA501(c)(3)Arts & CultureEIN 20-2007143

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The Port Warwick Foundation is a public non-profit 501 (c)(3) organization with the purpose of organizing and managing regional arts and entertainment events located a Styron Square in Port Warwick, Newport News, Virginia.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $13K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
-13% vs prior year
Spent
$192K
To programs
95%
Net assets
$58K
By yearFY2020–FY2024
Revenue
$191K
FY2023▼ -13%
Revenue by fiscal year
FY2020$100K
FY2021$182K
FY2022$221K
FY2023$191K
FY2024$263K
Expenses
$192K
FY2023▼ -9%
Expenses by fiscal year
FY2020$75K
FY2021$165K
FY2022$211K
FY2023$192K
FY2024$249K
Net assets
$58K
FY2023▼ -16%
Net assets by fiscal year
FY2020$42K
FY2021$58K
FY2022$68K
FY2023$58K
FY2024$71K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $183K Management & general 3% · $5K Fundraising 2% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$32,020Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Laura Fisher’s $32K as Executive Director is at the 27th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Jacqueline Shapiro—$48,000$49,846$46,154
Laura Fisher$32,020———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Port Warwick Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes and manages regional arts and entertainment events in Newport News, Virginia.

Provided by the organization

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1 program · $183K · in their own filed words · FY2023
01

Organizing and managing regional arts and entertainment events at Styron Square at Port Warwick

$183Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$191K
Investment incomeLn 3$1
Money outPt IX
$192K
Ln 25
Programscol B$183K
Managementcol C$5K
Fundraisingcol D$4K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$58K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$191K
Government grantsLn 1e$13K
Investment incomeLn 3$1
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$58K
LiabilitiesLn 26$0
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$68K$58K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$68K$58K
LiabilitiesLn 26$0$0
Net assetsLn 32$68K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$40K$32K$4K$4K
Accounting feesLn 11c$4K$3K$950$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$5K$5K$0$0
Information technologyLn 14$451$451$0$0
Conferences, conventions and meetingsLn 19$457$457$0$0
InsuranceLn 23$9K$9K$0$0
Other expenses (24a–d)Ln 24$132K$132K$0$0
Total functional expensesLn 25$192K$183K$5K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $263K$249K$13K$71K 990 PDF
FY2023 Viewing $191K$192K−$1K$58K 990 PDF
FY2022 $221K$211K$10K$68K 990 PDF
FY2021 $182K$165K$16K$58K 990 PDF
FY2020 $100K$75K$26K$42K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (5 parts)
Part I · Summary $191,200 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,880$191,199
I-9 Program service revenue$0
I-10 Investment incomePrior year $3$1
I-11 Other revenue$0
I-12 Total revenuePrior year $220,883$191,200
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$39,697
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $210,557$152,599
I-18 Total expensesPrior year $210,557$192,296
I-19 Revenue less expensesPrior year $10,326−$1,096
Part VIII · Statement of revenue $191,200 across 5 lines filed
VIII-1e Government grants$12,679
VIII-1f All other contributions, gifts and grants$178,520
VIII-1h Total contributions, gifts and grants$191,199
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1$1
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1$191,200
Part IX · Statement of functional expenses $192,296 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,757 · Management $3,970 · Fundraising $3,970$39,697
IX-11c Accounting feesPrograms $3,000 · Management $950 · Fundraising $0$3,950
IX-12 Advertising and promotionPrograms $2,234 · Management $0 · Fundraising $0$2,234
IX-13 Office expensesPrograms $4,649 · Management $0 · Fundraising $0$4,649
IX-14 Information technologyPrograms $451 · Management $0 · Fundraising $0$451
IX-19 Conferences, conventions and meetingsPrograms $457 · Management $0 · Fundraising $0$457
IX-23 InsurancePrograms $9,352 · Management $0 · Fundraising $0$9,352
IX-24 Other expenses (24a–d)Programs $131,506 · Management $0 · Fundraising $0$131,506
IX-25 Total functional expensesPrograms $183,406 · Management $4,920 · Fundraising $3,970$192,296
Part X · Balance sheet $57,568 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $68,465$57,568
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $68,465$57,568
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $68,465$57,568
X-33 Total liabilities and net assetsStart of year $68,465$57,568
Part XI · Reconciliation of net assets $57,568 net assets at year end
XI-1 Total revenue$191,200
XI-2 Total expenses$192,296
XI-3 Revenue less expenses−$1,096
XI-4 Net assets at start of year$68,465
XI-8 Prior period adjustments−$9,800
XI-10 Net assets at end of year$57,568

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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