PORTER-GAUD FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PORTER-GAUD FOUNDATION (EIN 45-2701202)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-11-12
IRS object ID
202133169349300148
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-12T07:45:54-06:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263745514PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEGARE BAILEY & HINSKE LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11100 QUEENSBOROUGH BLVD STE 100AddressLine1Txt
CityMT PLEASANTCityNm
State AbbreviationSCStateAbbreviationCd
ZIP294643626ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452701202EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PORTER-GAUD FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPORTBusinessNameControlTxt
Phone8435563620PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 ALBEMARLE RDAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRAIG STEWARTPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8434024690PhoneNum
Signature2021-11-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCRAIGPersonFirstNm
Person LastSTEWARTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBENJAMIN G NEWTON CPAPreparerPersonNm
PTINP01069683PTIN
Phone8437660400PhoneNum
Preparation2021-11-03PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCRAIG STEWARTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 ALBEMARLE ROADAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,698,684GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PORTERGAUD.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionTHE FOUNDATION IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE PORTER ACADEMY D/B/A PORTER-GAUD SCHOOL AND ITS AFFILIATED ENTITIES (THE "SUPPORTED CHARITIES"). THE FOUNDATION SUPPORTS THE SUPPORTED CHARITIES BY STIMULATING, RECEIVING AND GRANTING CHARITABLE GIFTS TO ADVANCE PROGRAMS OF EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,049,431PYContributionsGrantsAmt
CY Contributions Grants$2,476,663CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$588,836PYInvestmentIncomeAmt
CY Investment Income$626,111CYInvestmentIncomeAmt
PY Other Revenue$191,766PYOtherRevenueAmt
CY Other Revenue$53,891CYOtherRevenueAmt
PY Total Revenue$1,830,033PYTotalRevenueAmt
CY Total Revenue$3,156,665CYTotalRevenueAmt
PY Grants And Similar Paid$1,105,249PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,022,885CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$677,556CYTotalFundraisingExpenseAmt
PY Other Expenses$514,076PYOtherExpensesAmt
CY Other Expenses$677,556CYOtherExpensesAmt
PY Total Expenses$1,619,325PYTotalExpensesAmt
CY Total Expenses$1,700,441CYTotalExpensesAmt
PY Revenues Less Expenses$210,708PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,456,224CYRevenuesLessExpensesAmt
Total Assets BOY$23,831,844TotalAssetsBOYAmt
Total Assets EOY$28,975,027TotalAssetsEOYAmt
Total Liabilities BOY$663,643TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,460TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$23,168,201NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$28,973,567NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FOUNDATION IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE PORTER ACADEMY D/B/A PORTER-GAUD SCHOOL AND ITS AFFILIATED ENTITIES (THE "SUPPORTED CHARITIES"). THE FOUNDATION SUPPORTS THE SUPPORTED CHARITIES BY STIMULATING, RECEIVING AND GRANTING CHARITABLE GIFTS TO ADVANCE PROGRAMS OF EDUCATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,022,885ExpenseAmt
Grant$1,022,885GrantAmt
DescGRANTS, ALLOCATIONS AND OTHER TRANSFERS OF FOUNDATION ASSETS TO SUPPORTED ORGANIZATIONS FOR USE IN THEIR PROGRAMS AND OPERATIONS.Desc
Total Program Service Expenses$1,022,885TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersYes (true)LocalChaptersInd
Policies Reference ChaptersYes (true)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PORTER-GAUD SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8435563620PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 ALBEMARLE RDAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
D DUBOSE EGLESTON JR
EX OFFICIO10.00Yes (X)$0$411,864$50,433
FORD MENEFEE
EX OFFICIOYes (X)$0$0$0
ASHLEY THIEM
EX OFFICIOYes (X)$0$0$0
JENNIFER BLACK
EX OFFICIOYes (X)$0$0$0
CORDES FORD IV
CHAIR10.00Yes (X)$0$0$0Yes (X)
DENISE APPLE
TRUSTEE5.00Yes (X)$0$0$0
RYAN BLUESTEIN
TRUSTEE5.00Yes (X)$0$0$0
COURTNEY CAVATONI
TRUSTEE5.00Yes (X)$0$0$0
JONATHAN CENTURINO
TRUSTEE5.00Yes (X)$0$0$0
CHARLES DARBY IV
TRUSTEE5.00Yes (X)$0$0$0
MICHAEL HANDLER
TRUSTEE5.00Yes (X)$0$0$0
NATHANIEL HOWE
TRUSTEE5.00Yes (X)$0$0$0
BRITTNEY MIDDLETON OGIKE
TRUSTEE5.00Yes (X)$0$0$0
RICHARD MORSE
TRUSTEE5.00Yes (X)$0$0$0
GRANGER OSBORNE JR
TRUSTEE5.00Yes (X)$0$0$0
GREER POLANSKY
TRUSTEE5.00Yes (X)$0$0$0
ELIZABETH SAAL
TRUSTEE5.00Yes (X)$0$0$0
RICHARD STARR
TRUSTEE5.00Yes (X)$0$0$0
THOMAS TROUCHE
TRUSTEE5.00Yes (X)$0$0$0
CRAIG STEWART
EXECUTIVE DI40.00$0$154,391$32,578Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$566,255TotReportableCompRltdOrgAmt
Total Other Compensation$83,011TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$2,476,663AllOtherContributionsAmt
Noncash Contributions$154,929NoncashContributionsAmt
Total Contributions$2,476,663TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$595,708TotalRevenueColumnAmt
Exclusion$595,708ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$502,758SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$472,355SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$30,403SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,403TotalRevenueColumnAmt
Related Or Exempt Func Income$30,403RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$80,202FundraisingGrossIncomeAmt
Fundraising Direct Expenses$54,537FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,665TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$43,353GrossSalesOfInventoryAmt
Cost Of Goods Sold$15,127CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,226TotalRevenueColumnAmt
Related Or Exempt Func Income$28,226RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,156,665TotalRevenueColumnAmt
Related Or Exempt Func Income$58,629RelatedOrExemptFuncIncomeAmt
Exclusion$595,708ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,022,885TotalAmt
Program Services$1,022,885ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,300TotalAmt
Fundraising$1,300FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$27,500TotalAmt
Fundraising$27,500FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$21,487TotalAmt
Fundraising$21,487FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,843TotalAmt
Fundraising$1,843FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$30,030TotalAmt
Fundraising$30,030FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$415,000TotalAmt
Fundraising$415,000FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmt
OTHER SUPPORTING ORG$64,002$64,002
BAD DEBT$35,550$35,550
DUES AND SUBSCRIPTIONS$32,666$32,666
SOFTWARE MAINTENANCE$21,414$21,414

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$26,764TotalAmt
Fundraising$26,764FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,700,441TotalAmt
Program Services$1,022,885ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$677,556FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,451,409BOYAmt
EOY$2,604,063EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,549,269BOYAmt
EOY$1,492,997EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$13,082BOYAmt
EOY$18,475EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$19,776,928BOYAmt
EOY$24,623,373EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$41,156BOYAmt
EOY$236,119EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$23,831,844BOYAmt
EOY$28,975,027EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,444BOYAmt
EOY$1,460EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$662,199BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$663,643BOYAmt
EOY$1,460EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$10,963,984BOYAmt
EOY$13,385,406EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$12,204,217BOYAmt
EOY$15,588,161EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$23,168,201BOYAmt
EOY$28,973,567EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$23,831,844BOYAmt
EOY$28,975,027EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,456,224ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$4,349,142NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PORTER-GAUD SCHOOLBusinessNameLine1Txt
Business Name Line2PORTER-GAUD SCHOOLBusinessNameLine2Txt
FieldValueIRS element (for citing)
EIN570342032EIN
Organization Type2OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$1,022,885SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$1,022,885SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$20,286,602BeginningYearBalanceAmt
Contributions$486,791ContributionsAmt
Investment Earnings Or Losses$4,973,008InvestmentEarningsOrLossesAmt
Grants Or Scholarships$356,917GrantsOrScholarshipsAmt
End Year Balance$25,389,484EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$19,143,582BeginningYearBalanceAmt
Contributions$367,109ContributionsAmt
Investment Earnings Or Losses$1,099,835InvestmentEarningsOrLossesAmt
Grants Or Scholarships$323,924GrantsOrScholarshipsAmt
End Year Balance$20,286,602EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$18,201,490BeginningYearBalanceAmt
Contributions$217,144ContributionsAmt
Investment Earnings Or Losses$1,063,978InvestmentEarningsOrLossesAmt
Grants Or Scholarships$339,030GrantsOrScholarshipsAmt
End Year Balance$19,143,582EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$15,654,183BeginningYearBalanceAmt
Contributions$1,655,736ContributionsAmt
Investment Earnings Or Losses$1,214,799InvestmentEarningsOrLossesAmt
Grants Or Scholarships$323,228GrantsOrScholarshipsAmt
End Year Balance$18,201,490EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$14,234,577BeginningYearBalanceAmt
Contributions$66,980ContributionsAmt
Investment Earnings Or Losses$1,640,342InvestmentEarningsOrLossesAmt
Grants Or Scholarships$287,716GrantsOrScholarshipsAmt
End Year Balance$15,654,183EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.46770BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.29480PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.23750TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1PARENTS GUILD AEvent1Nm
Gross Receipts Event1$23,190GrossReceiptsEvent1Amt
Gross Revenue Event1$23,190GrossRevenueEvent1Amt
Food And Beverage Event1$13,915FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$1,499OtherDirectExpensesEvent1Amt
Event2ALL OTHEREvent2Nm
Gross Receipts Event2$21,108GrossReceiptsEvent2Amt
Gross Revenue Event2$21,108GrossRevenueEvent2Amt
Other Direct Expenses Event2$18,629OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$35,904GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$35,904GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$13,354OthDirectExpnssOtherEventsAmt
Gross Receipts Total$80,202GrossReceiptsTotalAmt
Gross Revenue Total Events$80,202GrossRevenueTotalEventsAmt
Food And Beverage Total Events$13,915FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$33,482OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$47,397DirectExpenseSummaryEventsAmt
Net Income Summary$32,805NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1PORTER-GAUD SCHOOLBusinessNameLine1Txt
Business Name Line2PORTER-GAUD SCHOOLBusinessNameLine2Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 ALBEMARLE RDAddressLine1Txt
Address Line2300 ALBEMARLE RDAddressLine2Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Recipient EIN570342032RecipientEIN
IRC Section501C3IRCSectionDesc
Cash Grant$1,022,885CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Purpose Of GrantASSISTANCE TO SCHOOLPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE I, PAGE 1, PART I, LINE 2GRANTS AND ASSISTANCE ARE MONITORED BY THE FOUNDATION BY ENSURING AMOUNTS ARE USED FOR APPROVED PURPOSES BY PORTER-GAUD SCHOOL PER REPORTS, BUDGETS, AND OTHER APPROVALS.
SCHEDULE I, PAGE 4, PART IVASSISTANCE IS PROVIDED BY THE FOUNDATION TO PORTER-GAUD SCHOOL IN CONNECTION WITH THE FOUNDATION'S MISSION AND PURPOSE. ASSISTANCE IS PROVIDED TO PORTER-GAUD SCHOOL FOR USE IN VARIOUS PROGRAMS AND OPERATIONS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
D DUBOSE EGLESTON JR
EX OFFICIO$411,864$31,350$19,083$462,297
CRAIG STEWART
EXECUTIVE DIRECTOR$154,391$16,309$16,269$186,969

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART IIIFormAndLineReferenceDesc
ExplanationPART I, LINE 3 - RELATED ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION: DUBOSE EGLESTON, HEAD OF SCHOOL, HAS EMPLOYMENT CONTRACT WITH RELATED ORGANIZATION (PORTER-GAUD SCHOOL), WHICH IS APPROVED BY THE BOARD OF TRUSTEES. CRAIG STEWART, EXECUTIVE DIRECTOR, HAS EMPLOYMENT CONTRACT WITH PORTER-GAUD SCHOOL, WHICH IS APPROVED BY THE HEAD OF SCHOOL. EMPLOYMENT CONTRACTS COMPLY WITH BOARD-APPROVED BUDGET AMOUNTS AND ARE HANDLED BY THE PORTER-GAUD SCHOOL HUMAN RESOURCES DEPARTMENT.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution9ContributionCnt
Noncash Contributions Rpt F990$154,929NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMV ON CONTRIBUTION DATEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE FOUNDATION IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE PORTER ACADEMY D/B/A PORTER-GAUD SCHOOL AND ITS AFFILIATED ENTITIES (THE "SUPPORTED CHARITIES"). THE FOUNDATION SUPPORTS THE SUPPORTED CHARITIES BY STIMULATING, RECEIVING AND GRANTING CHARITABLE GIFTS TO ADVANCE PROGRAMS OF EDUCATION.
FORM 990, PAGE 6, PART VI, LINE 11BA DRAFTED COPY OF FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CA COPY OF THE POLICY IS CIRCULATED ANNUALLY FOR REVIEW AND APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 15AEMPLOYMENT CONTRACTS COMPLY WITH BOARD APPROVED BUDGET AMOUNTS AND ARE HANDLED BY THE PORTER-GAUD SCHOOL HUMAN RESOURCES DEPARTMENT AND ARE SIGNED BY THE PORTER-GAUD SCHOOL HEAD OF SCHOOL.
FORM 990, PAGE 6, PART VI, LINE 15BSAME AS 15A
FORM 990, PAGE 6, PART VI, LINE 19THIS INFORMATION IS NOT MADE GENERALLY AVAILABLE. REQUESTS ARE CONSIDERED ON A CASE-BY-CASE BASIS.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1PORTER-GAUD SCHOOLBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 ALBEMARLE RDAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
EIN570342032EIN
Primary ActivitiesSCHOOLPrimaryActivitiesTxt
Legal Domicile StateSCLegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity Status2PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
PORTER-GAUD SCHOOL
B$1,022,885ACTUAL/FMV
PORTER-GAUD SCHOOL
O$415,000ACTUAL/FMV

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