Foundation For Portland Public Schools
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 08/1992
- Data as of
- 06/2023
- EIN
- 22-3179738
Organization Overview
Foundation For Portland Public Schools is located in Portland, ME. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Foundation For Portland Public Schools 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 06/2023, Foundation For Portland Public Schools generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 21.1% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION FOR PORTLAND PUBLIC SCHOOLS IS TO BE A CATALYST FOR INCREASED EDUCATIONAL OPPORTUNITIES, ACHIEVEMENT, AND EQUITY FOR ALL PORTLAND PUBLIC SCHOOLS STUDENTS AND STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR PORTLAND PUBLIC SCHOOLS GRANTS FUNDS DIRECTLY TO THE PORTLAND PUBLIC SCHOOLS AND/OR TO ORGANIZATIONS, INDIVIDUALS, OR TO PURCHASE MATERIALS FOR THE BENEFIT OF THE SCHOOL DISTRICT. ALL FPPS FUNDS ARE MEANT TO ADDRESS UNMET NEEDS OF THE SCHOOLS AND/OR TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR PRESENT AND FUTURE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Moran President | OfficerTrustee | 2 | $0 |
Lorie Dana Co-Vice President | OfficerTrustee | 2 | $0 |
Marie Mueller Secretary | OfficerTrustee | 1 | $0 |
Marnie Morrione Treasurer | OfficerTrustee | 2 | $0 |
Derek Pierce Ex-Officio Director | Trustee | 1 | $0 |
Stephen Segal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,429 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,482,689 |
| Noncash contributions included in lines 1a–1f | $97,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502,118 |
| Total Program Service Revenue | $0 |
| Investment income | $7,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,507,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,712 |
| 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. | $125,123 |
| Compensation of current officers, directors, key employees. | $24,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,584 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,733 |
| Advertising and promotion | $0 |
| Office expenses | $13,637 |
| Information technology | $14,829 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,851 |
| 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 | $0 |
| Insurance | $1,955 |
| All other expenses | $4,076 |
| Total functional expenses | $1,477,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,182 |
| Savings and temporary cash investments | $282,439 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $2,524 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,287,145 |
| Accounts payable and accrued expenses | $17,054 |
| 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 | $37,784 |
| Total liabilities | $54,838 |
| Net assets without donor restrictions | $219,371 |
| Net assets with donor restrictions | $1,012,936 |
| 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 | $1,287,145 |
Grants Awarded
Over the last fiscal year, Foundation For Portland Public Schools has awarded $309,303 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PRESENTE MAINE PURPOSE: PPS food fund - culturally appropriate food | $7,500 |
REVISION ENERGY PURPOSE: solar panels | $5,213 |
UNIVERSITY OF SOUTHERN MAINE PURPOSE: scholarship funds | $12,500 |
FOOD FOR ALL SERVICE PURPOSE: PPS food fund - culturally appropriate food | $9,000 |
PORTLAND PUBLIC SCHOOLS PURPOSE: The Foundation for Portland Public Schools grants funds directly to the Portland Public Schools and/or to organizatios, individuals, or to purchase materials for the benefit of the school district. All FPPS funds are meant to address unmet needs of the schools and/or to enhance educational opportunities for present and future students. | $275,090 |