Port Warwick Foundation

EIN: 202007143 501(c)(3) Arts, Culture & Humanities

Newport News, VA

Total Revenue
$191,200
Total Expenses
$192,296
Total Assets
$57,568
Net Assets
$57,568
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
Robert L Freeman Jr
Phone
7572230284
Tax Period
2023-01-01 to 2023-12-31

Port Warwick Foundation, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2018. Expenses of $188K left a modest 7% surplus.

Mission

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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $191,199
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $191,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,697
Fundraising Expenses $3,970
Program Expenses $183,406
Other Expenses $152,599
TOTAL EXPENSES $192,296

Year-over-Year Comparison

2023 2022 Change
Revenue $191,200 $220,883 -0.1%
Expenses $192,296 $210,557 -0.1%
Net Income $-1,096 $10,326 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
6
$32,020
Key Employees
1
$32,020
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derry Haywood Chairman 0.50
Officer
$0 $0 $0
Joanne Palmeira Board Member 0.05
Director
$0 $0 $0
Tu Ritter Director 0.10
Director
$0 $0 $0
Ray Suttle Director 0.05
Director
$0 $0 $0
Howard Waters Director 0.10
Director
$0 $0 $0
Jesse Young Secretary 0.25
Officer Director
$0 $0 $0
Laura Fisher Executive Director 40.00
Director Key Emp
$32,020 $0 $32,020
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $191,200 $192,296 $57,568 $-1,096
2022 $220,883 $210,557 $68,465 $10,326
2021 $181,663 $165,460 $58,138 $16,203
2020 $100,433 $74,760 $41,935 $25,673
2019 $187,817 $230,191 $16,262 $-42,374
2018 $201,231 $187,778 $58,637 $13,453
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