THE PORTSMOUTH SCHOOLS FOUNDATION INC

EIN: 541564539 501(c)(3) Education

PORTSMOUTH, VA

Total Revenue
$99,232
Total Expenses
$130,286
Total Assets
$368,990
Net Assets
$364,099
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
JEFFREY MILLER
Phone
7573935356
Tax Period
2023-07-01 to 2024-06-30

THE PORTSMOUTH SCHOOLS FOUNDATION INC, founded in 1986, is a small nonprofit in the Education sector that reported $259K in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $303K exceeded revenue, resulting in a 17% operating deficit.

Mission

ACTIVELY PROMOTES EXCELLENCE IN PORTSMOUTH'S PUBLIC SCHOOLS BY SERVING AS A BRIDGE BETWEEN THE COMMUNITY AND THE SCHOOLS. THROUGH COLLABORATIVE PARTNERSHIPS, INNOVATIVE PROGRAMS, AND DEDICATED VOLUNTEER LEADERSHIP, WE CREATE AND SUPPORT INITIATIVES THAT ENHANCE EDUCATIONAL EXPERIENCS, ADDRESS LOCAL EDUCATION CHALLENGES, AND CONTRIBUTE TO THE OVERALL WELL-BEING OF OUR STUDENTS AND COMMUNITY.

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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 $71,693
Program Service Revenue $18,457
Investment Income $9,082
Other Revenue $0
TOTAL REVENUE $99,232

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $45,000
Fundraising Expenses $5,235
Program Expenses $114,416
Other Expenses $73,286
TOTAL EXPENSES $130,286

Year-over-Year Comparison

2023 2022 Change
Revenue $99,232 $89,951 +0.1%
Expenses $130,286 $120,415 +0.1%
Net Income $-31,054 $-30,464 +0.0%
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
16
Independent Members
16
Employees
N/A
Volunteers
17

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
4
$45,000
Total Directors
17
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARIAL JONES EXECUTIVE DI 40.00
Officer Director
$45,000 $0 $45,000
CHARLETTE HARDY PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFFREY MILLER TREASURER 1.00
Officer Director
$0 $0 $0
ANGELIA ALLEN MEMBER 1.00
Director
$0 $0 $0
TIMOTHY JOHNSON MEMBER 1.00
Director
$0 $0 $0
FAYE FELTON MEMBER 1.00
Director
$0 $0 $0
TEASHIA ROESKE MEMBER 1.00
Director
$0 $0 $0
WAYNE WILLIAMS MEMBER 1.00
Director
$0 $0 $0
ELIE BRACY III MEMBER 1.00
Officer Director
$0 $0 $0
CARLEY BRIERRE MEMBER 1.00
Director
$0 $0 $0
SUE BURTON MEMBER 1.00
Director
$0 $0 $0
ANGELO DAVIS MEMBER 1.00
Director
$0 $0 $0
BRANDON GRAVES MEMBER 1.00
Director
$0 $0 $0
CYNTHIA MELTON MEMBER 1.00
Director
$0 $0 $0
DAVID MCCLINTOK MEMBER 1.00
Director
$0 $0 $0
GLENDA BATTLE MEMBER 1.00
Director
$0 $0 $0
BRUCE A COPELAND MEMBER 1.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $99,232 $130,286 $368,990 $-31,054
2023 $89,951 $120,415 $382,342 $-30,464
2022 $203,913 $147,288 $401,233 $56,625
2021 $166,676 $132,707 $361,043 $33,969
2020 $154,820 $268,977 $321,073 $-114,157
2019 $259,164 $302,918 $432,770 $-43,754
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