Foundation For Portland Public Schools
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 22-3179738
Organization Overview
Foundation For Portland Public Schools is located in Portland, ME. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Foundation For Portland Public Schools 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, Foundation For Portland Public Schools generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 28.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION FOR PORTLAND PUBLIC SCHOOLS IS TO BE A CATALYST FOR INCREASED EDUCATIONAL OPPORTUNITIES, ACHIEVEMENT, AND EQUITY FOR ALL PORTLAND PUBLIC SCHOOLS STUDENTS AND STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR PORTLAND PUBLIC SCHOOLS GRANTS FUNDS DIRECTLY TO THE PORTLAND PUBLIC SCHOOLS AND/OR TO ORGANIZATIONS, INDIVIDUALS, OR TO PURCHASE MATERIALS FOR THE BENEFIT OF THE SCHOOL DISTRICT. ALL FPPS FUNDS ARE MEANT TO ADDRESS UNMET NEEDS OF THE SCHOOLS AND/OR TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR PRESENT AND FUTURE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Weisman Summers Executive Director | Officer | 40 | $80,336 |
Sarah Moran President | OfficerTrustee | 2 | $0 |
Marie Mueller Secretary | OfficerTrustee | 1 | $0 |
Marnie Morrione Treasurer | OfficerTrustee | 2 | $0 |
Lorie Dana Co-Vice President | OfficerTrustee | 2 | $0 |
Sheila Adell Co-Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,738,255 |
| Noncash contributions included in lines 1a–1f | $3,172 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,738,255 |
| Total Program Service Revenue | $0 |
| Investment income | $880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,739,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $905,396 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,336 |
| Compensation of current officers, directors, key employees. | $20,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,677 |
| Advertising and promotion | $51 |
| Office expenses | $9,858 |
| Information technology | $2,988 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,918 |
| All other expenses | $6,283 |
| Total functional expenses | $1,381,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,397 |
| Savings and temporary cash investments | $318,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,243,540 |
| Accounts payable and accrued expenses | $24,160 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,190 |
| Total liabilities | $41,350 |
| Net assets without donor restrictions | $217,098 |
| Net assets with donor restrictions | $985,092 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,243,540 |
Grants Awarded
Over the last fiscal year, Foundation For Portland Public Schools has awarded $309,303 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PORTLAND PUBLIC SCHOOLS PURPOSE: The Foundation for Portland Public Schools grants funds directly to the Portland Public Schools and/or to organizatios, individuals, or to purchase materials for the benefit of the school district. All FPPS funds are meant to address unmet needs of the schools and/or to enhance educational opportunities for present and future students. | $275,090 |
Portland, ME PURPOSE: scholarship funds | $12,500 |
FOOD FOR ALL SERVICE PURPOSE: PPS food fund - culturally appropriate food | $9,000 |
Milbridge, ME PURPOSE: PPS food fund - culturally appropriate food | $7,500 |
REVISION ENERGY PURPOSE: solar panels | $5,213 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Portland Public Schools has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Murray Charitable Trust Portland, ME PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Inc Portland, ME | $21,043,682 | $13,282,477 |
United Way Of Greater Nashua Inc Nashua, NH | $1,945,140 | $2,501,353 |
Heart Of Maine United Way Bangor, ME | $5,339,304 | $2,989,676 |
Jewish Community Alliance Of Southern Maine Portland, ME | $12,590,266 | $2,545,946 |
United Way Of Mid Coast Maine Inc Bath, ME | $2,637,313 | $1,845,712 |
United Way Of Kennebec Valley Augusta, ME | $2,973,844 | $2,086,314 |
Monadnock United Way Inc Keene, NH | $3,611,197 | $2,296,861 |
The Masonic Charitable Foundation Of The Grand Lodge Of Maine Holden, ME | $35,415,349 | $2,059,993 |
Foundation For Portland Public Schools Portland, ME | $1,243,540 | $1,739,135 |
United Way Of Androscoggin County Inc Lewiston, ME | $3,239,187 | $1,022,027 |
United Way Of Aroostook Presque Isle, ME | $423,672 | $720,193 |