Portland Provident Association
- Assets
- $2.1m
- Revenue
- $71.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 04/1928
- Data as of
- 06/2021
- EIN
- 01-6012457
Organization Overview
Portland Provident Association is located in Portland, ME. The organization was established in 1928. 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. Portland Provident Association 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, Portland Provident Association generated $71.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $96.5k during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Webster Secretary | 0.5 | $0 | |
Robert Clark Trustee | 0.5 | $0 | |
Donald Harden Trustee | 0.5 | $0 | |
Anita Jones Trustee | 0.5 | $0 | |
Eleanor Mavodones Trustee | 0.5 | $0 | |
Liz Cotter Schlax Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,087 |
| Capital Gain Net Income | $45,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,306 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136 |
| Total operating and administrative expenses | $15,501 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $96,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,901 |
| Savings and temporary cash investments | $9,980 |
| 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 | $2,090,214 |
| 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, Portland Provident Association has awarded $81,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
PREBLE STREET RESOURCE CENTER INC PURPOSE: CHARITABLE | $7,000 |
South Portland, ME PURPOSE: CHARITABLE | $6,000 |
WAYSIDE SOUP KITCHEN PURPOSE: CHARITABLE | $5,000 |
BOYS & GIRLS CLUB OF SOUTHERN MAINE PURPOSE: CHARITABLE | $4,000 |
CATHOLIC CHARITIES MAINE (REFUGEE RESETTLEMENT) PURPOSE: CHARITABLE | $3,000 |
CATHOLIC CHARITIES MAINE ( RECOVERY SERVICES) PURPOSE: CHARITABLE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |
Emily Landecker Foundation Hanover, NH | $38,846,417 | $4,476,586 |
Opportunity Networks Inc Amherst, NH | $2,792,676 | $4,076,100 |
The Bob Crewe Foundation Cumberland Foreside, ME | $17,458,318 | $1,381,520 |
Roxanne Quimby Foundation Inc Portland, ME | $37,980,106 | $2,835,642 |
Frank M & Olive E Gilman Foundation Inc Enfield, NH | $33,453,249 | $3,949,381 |
Jackson Hole Ranch Conservancy Foundation Exeter, NH | $0 | $1,922,389 |