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 Vulnerability Assessment (Tuckman-Chang)

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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 micro nonprofit in the Education sector that reported $99K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $130K exceeded revenue, resulting in a 31% 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.

Program Service Accomplishments

Program 1
Expenses: $114,416 Revenue: $18,457

ACTS AS AN INTERMEDIARY FOR DESIGNATED DONATIONS FROM INDIVIDUALS AND ORGANIZATIONS THAT PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS IN PORTSMOUTH ON THE BASIS OF FINANCIAL NEED.

Program 2

ACTS AS AN INTERMEDIARY FOR DESIGNATED DONATIONS FROM INDIVIDUALS THAT FUND SPECIAL EVENTS AND PROJECTS OF THE PORTSMOUTH PUBLIC SCHOOL SYSTEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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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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