Porter Hills Foundation: Nonprofit Profile, Financials & Form 990 (EIN 38-3243846)

Revenue by fiscal year
FY2020	$1.4M
FY2021	$3.1M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.3M

Net assets by fiscal year
FY2020	$14.0M
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

38 cents of each dollar spent went to programs.

38%

24%

37%

Program services 38% · $509K Management & general 24% · $326K Fundraising 37% · $496K

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

22 people listed on the 990; $157K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Joanna Hogan

VP of Philanthropy

$156,959Pt VII · Sec A

Kim Hoppe

Treasurer/ Umrc CFO

$0Pt VII · Sec A

Wendy Brightman

President

$0Pt VII · Sec A

James E Preston

Secretary

$0Pt VII · Sec A

Jacqueline Taylor

Vice Chair

$0Pt VII · Sec A

Jay Wisentaner

Chair

$0Pt VII · Sec A

Bruce a Barnhart

Board Member

$0Pt VII · Sec A

Christopher L Edgar

Board Member

$0Pt VII · Sec A

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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 15aYes

Programs and updates

Manages funds to support retirement communities and services.

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Provided by the organization

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1 program · $509K · in their own filed words · FY2020

01

The porter hills foundation was officially established in 1995 as the fundraising arm for porter hills presbyterian village, inc., with headquarters in grand rapids, michigan. This year, the porter hills foundation celebrates its 27TH anniversary as a separate 501(c)(3) nonprofit organization.

$509Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Louis M Dexter Memorial Foundation INCFY2025$4K

Total grants receivedfrom 1 funder$4K

Grants paid · 9 grants · $955K · 2019–2020

Porter Hills Presbyterian Village INCMI · FY2020$152,450

Meadowlark Retirement VillageMI · FY2020$139,278

Unitemized GrantFY2020$121,375

Life CirclesMI · FY2020$54,370

Unitemized GrantFY2020$22,471

Porter Hills Presbyterian Village INCMI · FY2019$348,369

Meadowlark Retirement VillageMI · FY2019$62,818

Unitemized GrantFY2019$34,145

Porter Hills Home Health WestMI · FY2019$19,279

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.1M

Ln 12

Investment incomeLn 3$1.5M

Gifts and grantsLn 1h$1.5M

Money outPt IX

$1.3M

Ln 25

Programscol B$509K

Managementcol C$326K

Fundraisingcol D$496K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

22

listed · VII A

PaidVII A1

Voting boardVI 1a17

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.5M

Investment incomeLn 3$1.5M

Gains on assetsLn 7$923K

Total revenueLn 12$3.1M

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 52

VolunteersI 617

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$3K	$0
InvestmentsLn 11–13	$11.2M	$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$14.1M	$0
LiabilitiesLn 26	$72K	$0
Net assetsLn 32	$14.0M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$349K	$349K
Grants to domestic individualsLn 2	$144K	$144K
Other salaries and wagesLn 7	$203K			$203K
Pension plan contributionsLn 8	$8K			$8K
Other employee benefitsLn 9	$7K			$7K
Payroll taxesLn 10	$14K			$14K
Management feesLn 11a	$80K		$80K
Legal feesLn 11b	$8K		$8K
Accounting feesLn 11c	$27K		$27K
Investment management feesLn 11f	$42K			$42K
Other fees for servicesLn 11g	$220K		$21K	$199K
Office expensesLn 13	$53K	$4K	$36K	$13K
TravelLn 17	$12K	$12K
Other expenses (24a–d)Ln 24	$164K		$155K	$9K
Total functional expensesLn 25	$1.3M	$509K	$326K	$496K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	$3.1M	$1.3M	$1.7M	$0	990 PDF
FY2020	$1.4M	$1.2M	$194K	$14.0M	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 FY2021 990 (6 parts)

Part I · Summary $3,057,025 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,187,119$1,524,700

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $226,384$1,532,325

I-11 Other revenuePrior year −$23,368$0

I-12 Total revenuePrior year $1,390,135$3,057,025

I-13 Grants and similar amounts paidPrior year $511,730$493,172

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $215,566$232,427

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $468,667$605,640

I-18 Total expensesPrior year $1,195,963$1,331,239

I-19 Revenue less expensesPrior year $194,172$1,725,786

Part VI · Governance 14 of 17 board members independent, no flags

VI-1a Voting members of the governing body17

VI-1b Independent voting members14

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,057,025 across 5 lines filed

VIII-1f All other contributions, gifts and grants$1,524,700

VIII-1h Total contributions, gifts and grants$1,524,700

VIII-3 Investment incomeExcluded from tax $609,798$609,798

VIII-7 Net gain or loss on sales of assetsExcluded from tax $922,527$922,527

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,532,325$3,057,025

Part IX · Statement of functional expenses $1,331,239 across 14 lines filed

IX-1 Grants to domestic organizationsPrograms $349,326$349,326

IX-2 Grants to domestic individualsPrograms $143,846$143,846

IX-7 Other salaries and wagesFundraising $203,192$203,192

IX-8 Pension plan contributionsFundraising $7,959$7,959

IX-9 Other employee benefitsFundraising $7,256$7,256

IX-10 Payroll taxesFundraising $14,020$14,020

IX-11a Management feesManagement $80,000$80,000

IX-11b Legal feesManagement $7,520$7,520

IX-11c Accounting feesManagement $27,030$27,030

IX-11f Investment management feesFundraising $42,210$42,210

IX-11g Other fees for servicesManagement $20,762 · Fundraising $199,463$220,225

IX-13 Office expensesPrograms $4,300 · Management $36,072 · Fundraising $12,816$53,188

IX-17 TravelPrograms $11,881$11,881

IX-24 Other expenses (24a–d)Management $154,649 · Fundraising $8,937$163,586

IX-25 Total functional expensesPrograms $509,353 · Management $326,033 · Fundraising $495,853$1,331,239

Part X · Balance sheet $0 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $3,342$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivableStart of year $1,037,657$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $11,153,869$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $1,048,113$0

X-16 Total assetsStart of year $14,069,370$0

X-17 Accounts payable and accrued expensesStart of year $22,387$0

X-25 Other liabilitiesStart of year $50,008$0

X-26 Total liabilitiesStart of year $72,395$0

X-27 Net assets without donor restrictionsStart of year $10,784,513$0

X-28 Net assets with donor restrictionsStart of year $3,212,462$0

X-32 Total net assets or fund balancesStart of year $13,996,975$0

X-33 Total liabilities and net assetsStart of year $14,069,370$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$3,057,025

XI-2 Total expenses$1,331,239

XI-3 Revenue less expenses$1,725,786

XI-4 Net assets at start of year$13,996,975

XI-5 Net unrealized gains (losses) on investments$739,960

XI-9 Other changes in net assets−$16,462,721

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Porter Hills Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Porter Hills Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV