Ross Powers Foundation
- Assets
- $256.7k
- Revenue
- $61.8k
- Investments
- $229.3k
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 01-0541580
Organization Overview
Ross Powers Foundation is located in South Portland, ME. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ross Powers Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ross Powers Foundation generated $61.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $40.3k during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ross Powers Foundation has awarded 154 individual grants totaling $208,530. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Powers President | 5 | $0 | |
Marisa Powers Secretary | 5 | $0 | |
Marissa Fortier Treasurer | 5 | $0 | |
Peter Carlisle Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,800 |
| Interest on Savings | $6 |
| Dividends & Interest | $7,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,198 |
| Capital Gain Net Income | $4,198 |
| Net ST Capital Gain | $25 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $480 |
| Total Revenue | $61,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,271 |
| Total operating and administrative expenses | $18,350 |
| Contributions, gifts, grants paid | $21,950 |
| Total expenses and disbursements | $40,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,441 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $256,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ross Powers Foundation has awarded $21,950 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
JENNIFER FORBES PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $915 |
SAMUEL STEWART PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $1,000 |
KAYLEN REILEY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $1,000 |
STORM KLOMHAUS PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $2,000 |
STORM ROWE PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $2,035 |
BRANDON FISHER PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $750 |