Protein Foundation
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 10/1981
- Data as of
- 12/2023
- EIN
- 06-1046591
Organization Overview
Protein Foundation is located in Portland, ME. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Protein 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 12/2023, Protein Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 35.8% per year over the past 5 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 2020, Protein Foundation has awarded 187 individual grants totaling $4,808,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFY CANDIDATES FOR FUTURE GRANTS: 1-SITE VISITS 2-INTERVIEW KEY PERSONS 3-IDENTIFY ACCOMPLISHMENTS & EVALUATE FUTURE GOALS TAX-EXEMPT ACTIVITIES 4- VERIFY ORGANIZATION'S TAX-EXEMPT STATUS 5-AND ASSESS WHETHER THE TAX-EXEMPT MISSION ACCORDS WITH THAT OF PROTEIN.
EXTEND INVITATION TO SUBMIT A GRANT APPLICATION AFTER APPROPRIATE DUE DILIGENCE 1 ABOVE. EVALUATE GRANT APPLICATIONS AND PROCESS THEM THROUGH BOARD DIRECTED APPROVAL PROCESS. [DISBURSED 43 GRANTS IN 2023]
COMPLETE POST-GRANT "EXPENDITURE RESPONSIBILITY" FUNCTION TO ASSESS COMPLIANCE WITH GRANT APPLICATION.
RESPOND TO INQUIRIES FROM GRANTEES WHO REQUEST CONSULTATION ABOUT MATTERS WHEREIN PROTEIN COULD BE HELPFUL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephan Lanfer Trustee | 10 | $0 | |
Roger Clement Trustee | 10 | $0 | |
Carol Fuchella Trustee | 10 | $0 | |
Whit Gallagher Trustee | 10 | $0 | |
Frank Starvel Trustee | 10 | $0 | |
Dan Walker Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,120,000 |
| Interest on Savings | $26,380 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,146,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $137,561 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $46,325 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $5,897 |
| Travel, conferences, and meetings | $11,438 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $201,221 |
| Contributions, gifts, grants paid | $1,254,000 |
| Total expenses and disbursements | $1,455,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,106 |
| Savings and temporary cash investments | $1,231,405 |
| 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 | $1,333,511 |
| 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, Protein Foundation has awarded $1,254,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
EMMANUEL GOSPEL CENTER PURPOSE: MINISTRY TO WOMEN VICTIM OF SEX TRAFFICING | $50,000 |
BETHANY BIRCHES PURPOSE: CHRISTIAN PROGRAM IN CAMP ENVIRONMENT | $40,000 |
BOSTON PROJECT MINISTRIES PURPOSE: COMMUNITY SERVICES FOR NEEDY | $30,000 |
BOSTON MISSIONARY BAPTIST COMMUNITY PURPOSE: ASSISTANCE FOR INDIGENT DESTITUTE PERSONS | $20,000 |
CITY MINISTRIES PURPOSE: MINISTRY TO ORPHANS AND STREET CHILDREN | $30,000 |
ELEVATE BRIDGEPORT PURPOSE: TUTOR MENTOR YOUTH IN LOW INCOME AREAS | $25,000 |