Protein Foundation
- Assets
- $642.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 06-1046591
Organization Overview
Protein Foundation is located in Portland, ME. The organization was established in 1981. 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. Protein Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Protein Foundation has awarded 178 individual grants totaling $4,128,000. 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
SITE VISITATION GRANTEE INTERVIEWS EVALUATE PROGRAM HISTORIC EFFECTIVENESS EVALUATE PROGRAM GOALS ASSESS ORGANIZATION PLANS AND SUSTAINABILITY OBTAIN ORGANIZATION CREDENTIALS CERTIFICATIONS.
EXECUTE "EXPENDITURE RESPONSIBILITY" FUNCTION RE USE OF GRANT CONSISTENT WITH GRANT APPLICATION.
IDENTIFY CANDIDATES TO RECEIVE GRANT APPLICATIONS. EVALUATE GRANTS AND PROCESS THROUGH A BOARD DIRECTED PROCESS. 61 GRANTS PROCESSED IN 2022
RESPOND TO INQUIRIES REQUESTING CONSULTATION REGARDING MATTERS WHERE PROTEIN MIGHT BE HELPFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Owen Managing Director | 45 | $100,079 | |
Stephen Lanfer Board Chair | 5 | $0 | |
Dan Walker Trustee & Director | 5 | $0 | |
Carol Fuchella Trustee & Director | 5 | $0 | |
Roger Clement Trustee & Director | 5 | $0 | |
Walter Baker Trustee & Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,079 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $57,643 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,934 |
| Printing and publications | $6,859 |
| Other expenses | $0 |
| Total operating and administrative expenses | $175,515 |
| Contributions, gifts, grants paid | $1,282,500 |
| Total expenses and disbursements | $1,458,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,352 |
| Savings and temporary cash investments | $551,000 |
| 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 | $642,352 |
| 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, Protein Foundation has awarded $1,282,500 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
FELLOWSHIP CHRISTIANS IN SCHOOLS PURPOSE: CHRISTIAN YOUTH PROGRAM IN SCHOOLS | $50,000 |
HIS MANSION PURPOSE: CHRISTIAN CHURCH | $50,000 |
BETHANY BIRCHES PURPOSE: CHRISTIAN PROGRAM CAMP ENVIRONMENT | $40,000 |
PAUL CARLSON PARTNERSHIP PURPOSE: MEDICAL & ECONOMIC ASSISTANCE PEOPLE IN POVERTY | $40,000 |
Ludington, MI PURPOSE: FOOD ASSISTANCE | $30,000 |
YOUNG LIFE - CASCO BAY PURPOSE: CHRISTIAN MINISTRY TO YOUTH | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
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 |