Proteus Foundation
- Assets
- $8.1m
- Revenue
- $616.4k
- Investments
- $7.9m
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 07/2003
- Data as of
- 09/2022
- EIN
- 54-2013543
Organization Overview
Proteus Foundation is located in Winchester, VA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Proteus 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 09/2022, Proteus Foundation generated $616.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $604.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Proteus Foundation has awarded 93 individual grants totaling $1,839,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT LOCAL CHARITIES IN HIGHLAND COUNTY, VIRGINIA, STAUNTON, VIRGINIA, AND PITTSBURGH, PENNSYLVANIA. TO PROMOTE CONSERVATION PROGRAMS AND ACTIVITIES. COMPUTER PROGRAMMING IN SUPPORT OF ACADEMIC RESEARCH IN THE AREA OF COMPLEX ADAPTIVE SYSTEMS. ONCE COMPLETE, PROTEUS PLANS TO PUBLISH SCIENTIFIC PAPERS ON THESE FINDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Walker Director | 1 | $0 | |
James P Rutt Director | 5 | $0 | |
Celia W Rutt Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $361,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $254,815 |
| Capital Gain Net Income | $254,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $377 |
| Total Revenue | $616,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $359 |
| Total operating and administrative expenses | $129,588 |
| Contributions, gifts, grants paid | $475,000 |
| Total expenses and disbursements | $604,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,126 |
| Savings and temporary cash investments | $107,918 |
| 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 | $7,917,109 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,051,153 |
| 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, Proteus Foundation has awarded $475,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF CENTRAL BLUE RIDGE PURPOSE: FOR SCHOLARSHIP FUND AND OTHER COMMUNITY OUTREACH PROGRAMS | $265,000 |
MIT BRAIN AND COGNITIVE SCIENCES PURPOSE: SUPPORT QUEST FOR INTELLIGENCE PROJECT | $25,000 |
Charlottesville, VA PURPOSE: SUPPORT SCIENTIFIC RESEARCH | $25,000 |
SANTA FE INSTITUTE PURPOSE: SUPPORT INTERDISCIPLINARY SCIENTIFIC RESEARCH | $25,000 |
MIT FREE SPEECH ALLIANCE PURPOSE: SUPPORT FREE SPEECH | $25,000 |
Lexington, KY PURPOSE: SUPPORT APPALACHIAN ENVIRONMENTAL RESTORATION PROJECTS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |