Proteus Fund Inc
- Assets
- $47.1m
- Revenue
- $46.3m
- Investments
- $0.0
- Employees
- 94
- Location
- Amherst, MA
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 04-3243004
Organization Overview
Proteus Fund Inc is located in Amherst, MA. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Proteus Fund Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proteus Fund Inc 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 12/2021, Proteus Fund Inc generated $46.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $35.8m during the year ending 12/2021. While expenses have increased by 12.4% 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.
Since 2014, Proteus Fund Inc has awarded 2,315 individual grants totaling $125,438,358. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTEUS FUND CONNECTS PHILANTHROPY TO THE FRONTLINES OF SOCIAL JUSTICE TO ADVANCE RACIAL, GENDER, QUEER, AND DISABILITY JUSTICE, AS WELL AS AN INCLUSIVE, FULLY REPRESENTATIVE DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTEUS FUND SPECIALIZES IN CONNECTING ENGAGED, MISSION-ALIGNED FUNDERS TO EACH AND TO GRANTEES THROUGH DONOR COLLABORATIVES. WE ALSO OFFER FISCAL SPONSORSHIP TO DYNAMIC SOCIAL JUSTICE INITIATIVES AS WELL AS DONOR AND GROUP ADVISED FUNDS ALIGNED WITH OUR MISSION, VISION, AND VALUES.
PIPER FUND IS A DONOR COLLABORATIVE THAT BRINGS TOGETHER INDIVIDUAL DONORS AND FOUNDATIONS TO DEFEND DEMOCRATIC INSTITUTIONS AND THE RULE OF LAW. THE FUND CONNECTS AND RESOURCES GRASSROOTS ORGANIZATIONS DEDICATED TO PROTECTING OUR DEMOCRACY AND ENVISIONING REFORMS TO MAKE IT MORE INCLUSIVE AND REPRESENTATIVE.
RIGHTS, INCLUSION, SOLIDARITY, AND EQUITY (RISE) TOGETHER FUND IS A DONOR COLLABORATIVE THAT BRINGS TOGETHER INDIVIDUAL DONORS AND FOUNDATIONS TO WORK ALONGSIDE IMPACTED BLACK, AFRICAN, ARAB, MUSLIM, MIDDLE EASTERN, AND SOUTH ASIAN COMMUNITIES TO ADVANCE THEIR CIVIL RIGHTS, FIGHT FOR FULL INCLUSION, AND PROMOTE THEIR CONTRIBUTIONS TO DEMOCRACY, CULTURE, AND SOCIETY.
OTHER PROGRAMS - RIGHTS, FAITH & DEMOCRACY COLLABORATIVE (RFDC) & GRANTEE SAFETY & SECURITY FUND (GSSF)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Di Donato President & CEO | Officer | 40 | $290,032 |
Michael Jarvis Program Director-Tai | 40 | $192,007 | |
Jill Price Marshall Chief Operating Officer | Officer | 40 | $167,360 |
Amardeep Singh Bhalla VP Of Prgarming | 40 | $145,087 | |
Beery Jimenez Director Of Philanthropy & | 40 | $144,593 | |
Ryan Chavez Chief Financial Officer | Officer | 40 | $137,909 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Baugh Research & Evaluation Consulting | 12/30/21 | $149,750 |
Friday Partners Llc Communications Consulting | 12/30/21 | $186,975 |
Sensata Sas Research & Evaluation Consulting | 12/30/21 | $145,713 |
Reos Partners Program Consulting | 12/30/21 | $345,000 |
Georgetown University On Behalf Of The Program Consulting | 12/30/21 | $157,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,280,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,093,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,373,866 |
| Total Program Service Revenue | $713,194 |
| Investment income | $128,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,264,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,250,278 |
| 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. | $691,161 |
| Compensation of current officers, directors, key employees. | $351,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,756,835 |
| Pension plan accruals and contributions | $263,759 |
| Other employee benefits | $1,312,512 |
| Payroll taxes | $555,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $193,832 |
| Fees for services: Accounting | $21,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,293,750 |
| Advertising and promotion | $5,779 |
| Office expenses | $189,099 |
| Information technology | $401,825 |
| Royalties | $0 |
| Occupancy | $361,207 |
| Travel | $385,129 |
| 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 | $7,055 |
| Insurance | $0 |
| All other expenses | $61,826 |
| Total functional expenses | $35,750,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,308,362 |
| Savings and temporary cash investments | $27,164,156 |
| Pledges and grants receivable | $12,173,952 |
| 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 | $179,333 |
| Net Land, buildings, and equipment | $59,649 |
| Investments—publicly traded securities | $3,229,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,115,132 |
| Accounts payable and accrued expenses | $4,444,663 |
| 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 | $476,363 |
| Total liabilities | $4,921,026 |
| Net assets without donor restrictions | $4,796,932 |
| Net assets with donor restrictions | $37,397,174 |
| 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 | $47,115,132 |
Grants Awarded
Over the last fiscal year, Proteus Fund Inc has awarded $19,031,748 in support to 368 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: DEMOCRACY | $4,554,711 |
Washington, DC PURPOSE: DEMOCRACY | $1,000,000 |
Cambridge, MA PURPOSE: DEMOCRACY | $500,000 |
Amherst, MA PURPOSE: DEMOCRACY | $500,000 |
Berkeley, CA PURPOSE: DEMOCRACY | $405,000 |
Berkeley, CA PURPOSE: RIGHTS & JUSTICE | $330,000 |
Grants Recieved
Over the last fiscal year, we have identified 150 grants that Proteus Fund Inc has recieved totaling $30,965,342.
| Awarding Organization | Amount |
|---|---|
Vital Projects Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $2,050,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE RISE TOGETHER FUND TO END THE CRIMINALIZATION OF MUSLIM, ARAB AND SOUTH ASIAN COMMUNITIES THROUGH RAPID RESPONSE GRANTMAKING TO HELP COMBAT INCIDENTS OF HATE, XENOPHOBIA, AND ISLAMOPHOBIA | $2,000,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $1,600,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR BRIDGES-PUENTES TO PARTICIPATE IN THE DESIGN AND IMPLEMENTATION OF A REGIONAL RESOURCE HUB TO STRENGTHEN MISSION CRITICAL CAPACITIES OF CIVIL SOCIETY ORGANIZATIONS IN MEXICO AND CENTRAL AMERICA | $1,500,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE GRANTEE'S BLACK CAMPAIGN SCHOOL, A NONPARTISAN TRAINING PROGRAM TO EDUCATE THE BLACK COMMUNITY ABOUT CIVICS, DEMOCRACY, AND ELECTIONS PROCESSES | $1,000,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT TO REFRAME TO SUPPORT THE CAPACITY OF PROGRESSIVE STATE INFRASTRUCTURE ORGANIZATIONS TO INVEST IN STRATEGIC COMMUNICATIONS AND CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING | $1,000,000 |
Endowment Analysis
| Beg. Balance | $299,664 |
| Earnings | $60,352 |
| Admin Expense | $4,880 |
| Ending Balance | $355,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |