Ross Powers Foundation
- Assets
- $0.0
- Revenue
- $7.2k
- Investments
- $148.3k
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 11/2003
- Data as of
- 06/2021
- 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 06/2021, Ross Powers Foundation generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $15.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ross Powers Foundation has awarded 142 individual grants totaling $186,580. 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 | $3,923 |
| Interest on Savings | $11 |
| Dividends & Interest | $2,756 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,343 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $15,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,839 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ross Powers Foundation has awarded $10,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EVY LIEBFARTH PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $2,200 |
THOMAS COPE PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $1,700 |
LISA BRATTON PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $1,700 |
CHARLES SWANSON PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $1,700 |
ZACK HARTING PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $1,700 |
KAYLEN RELEY PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN ATHLETICS. | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ross Powers Foundation has recieved totaling $33,333.
| Awarding Organization | Amount |
|---|---|
Michael Phelps Foundation South Portland, ME PURPOSE: DONATION SO ORGANIZATION CAN PROVIDE GRANTS TO COMPETITIVE SWIMMERS WITH FINANICAL NEED. | $33,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |
Boothbay Region Student Aid Fund Inc Boothbay Harbor, ME | $8,673,590 | $2,669,575 |