Profesta Foundation
- Assets
- $9.7m
- Revenue
- -$92.2k
- Investments
- $9.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-2095055
Organization Overview
Profesta Foundation is located in Boston, MA. The organization was established in 2019. 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. Profesta 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, Profesta Foundation has awarded 27 individual grants totaling $1,121,158. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,261 |
| Interest on Savings | $14,675 |
| Dividends & Interest | $47,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$189,705 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$92,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $151,867 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $158,824 |
| Contributions, gifts, grants paid | $168,334 |
| Total expenses and disbursements | $327,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,234 |
| Savings and temporary cash investments | $0 |
| 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 | $65,000 |
| Total assets | $9,664,182 |
| 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, Profesta Foundation has awarded $168,334 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BENTLEY UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |
MUSEUM OF FINE ARTS BOSTON PURPOSE: GENERAL SUPPORT | $15,000 |
NEW ENGLAND LAW BOSTON PURPOSE: GENERAL SUPPORT | $5,000 |
THE AMERICAN COLLEGE OF GREECE PURPOSE: GENERAL SUPPORT | $20,000 |
THE HELLENIC WOMENS CLUB INC PURPOSE: GENERAL SUPPORT | $25,000 |
UMASS MEDICAL SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |