Portside Foundation
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Falmouth, ME
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-4045670
Organization Overview
Portside Foundation is located in Falmouth, ME. The organization was established in 2018. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portside 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 12/2023, Portside Foundation generated $44.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $44.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PORTSIDE FOUNDATION REMAINED VIGILANT AND DEDICATED TO ITS MISSION TO IMPROVE THE HEALTH AND WELL-BEING OF COMMUNITIES LOCATED IN AND AROUND PORTLAND, MAINE. THROUGH ITS GRANT-GIVING OPERATIONS (WHICH ARE SUPPORTED THROUGH THE FOUNDATION'S COMMUNITY-ENGAGING EVENTS AND FUNDRAISERS), THE FOUNDATION PROVIDED OVER $80,000 TO AREA-CHARITIES, WHICH COLLECTIVELY PROVIDED AID FOR HUMAN RIGHTS, PUBLIC HEALTH, YOUTH PROGRAMS, SCIENTIFIC RESEARCH, ANIMAL WELWARE, AND OTHER CHARITABLE CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dava Davin President | 5 | $0 | |
Jessica Nason Secretary | 5 | $0 | |
Maurie Lewis Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,850 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $22,496 |
| Other Revenue | $0 |
| Total Revenue | $44,346 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,085 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25 |
| Total expenses | $44,090 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,006 |
| Other assets | $0 |
| Total assets | $7,006 |
| Total liabilities | $3,000 |
| Net assets or fund balances | $4,006 |
Grants Awarded
Over the last fiscal year, Portside Foundation has awarded $185,890 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE COMMUNITY FOUNDATION PURPOSE: General Operating Support | $114,400 |
BEN'S FIGHT PURPOSE: General Operating Support | $6,000 |
MAINE FARMLAND TRUST PURPOSE: General Operating Support | $7,500 |
FULL PLATES FULL POTENTIAL PURPOSE: General Operating Support | $17,105 |
MAINE AUDUBON PURPOSE: General Operating Support | $22,000 |
FOUNDATION FOR PORTLAND PUBLIC SCHOOLS PURPOSE: General Operating Support | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennebunk Rotary Charitable Fund Kennebunk, ME | $14,185 | $0 |
Friends Of The First Congregational Church Of East Machias East Machias, ME | $14,099 | $187,352 |
Salem Community Benefits Inc Salem, NH | $144,178 | $12,186 |
Portside Foundation Falmouth, ME | $7,006 | $0 |
Sinawik Inc Presque Isle, ME | $66,521 | $0 |