Overview
What is Proteus Fund Inc?
Proteus Fund Inc, a Massachusetts-based nonprofit organization located at 15 Research Drive Suite B, Amherst, MA 01002, specializes in bridging the gap between engaged philanthropists and social justice grantees. They facilitate this connection through donor collaboratives and offer fiscal sponsorship to socially impactful initiatives. Proteus Fund's mission encompasses advancing racial, gender, queer, and disability justice, as well as promoting a fully representative democracy. With a team of 105 dedicated individuals, they foster philanthropy's influence on the frontlines of social justice.
Official website here: www.proteusfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Proteus Fund Inc has achieved an impressive four-star rating from Charity Navigator, reflecting its high overall performance in accountability and financial management. With a remarkable score of 99 in Accountability & Finance, the organization demonstrates robust governance practices, including a fully independent board and rigorous oversight of financial statements. Their financial health is evident through strong ratios in liabilities to assets, program expenses, and fundraising efficiency.
Strengths of the organization include a comprehensive array of policies posted on their website, such as conflict of interest and whistleblower policies, which enhance transparency. Additionally, the organization reports no material diversion of assets and ensures that all board members and staff are listed online, contributing to a transparent operational structure. The strong financial ratios indicate that a significant portion of resources is directed toward program expenses, maximizing the impact of donor contributions.
However, the organization has been noted for missing a donor privacy policy on its website, which may raise concerns about the confidentiality of donor information. Despite this minor limitation, Proteus Fund Inc's commitment to accountability and effective financial management positions it as a trustworthy nonprofit within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Proteus Fund Inc legitimate?
Proteus Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proteus Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $749,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,228,380
For more financial information, click here
Official website here: www.proteusfund.org
What is the mission statement of Proteus Fund Inc?
Proteus Fund Inc is dedicated to bridging the gap between philanthropy and social justice movements, focusing on racial, gender, queer, and disability equality, as well as a representative and inclusive democracy. By connecting engaged, mission-aligned funders with grantees, Proteus Fund facilitates impactful collaborations. In addition, the organization offers fiscal sponsorship to dynamic social justice initiatives and manages donor and group advised funds that align with its mission, vision, and values.
Official website here: www.proteusfund.org
Who is the CEO of Proteus Fund Inc?
Paul Di Donato is the Chair of Proteus Fund Inc. The CEO's salary of Proteus Fund Inc is $295,668 and their total compensation is $349,796.
Official website here: www.proteusfund.org
What is the revenue of Proteus Fund Inc?
Proteus Fund Inc's revenue in 2022 was $62,955,408.
Official website here: www.proteusfund.org
Who are the executives of Proteus Fund Inc and what are their salaries?
The average compensation at Proteus Fund Inc during 2022 was $85,500. There are 105 employees and 12 volunteers at Proteus Fund Inc.
Here are 22 key members and their salaries (Proteus Fund Inc's CEO's salary is $295,668 and their total compensation is $349,796):
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- Compensation: $295,668
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- Other: $54,128
- Compensation: $197,381
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- Other: $47,831
- Compensation: $145,439
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- Compensation: $200,421
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- Compensation: $175,356
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- Compensation: $193,985
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- Other: $34,605
- Compensation: $150,755
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- Other: $14,521
- Compensation: $143,066
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- Other: $26,548
- Compensation: $142,014
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- Other: $15,216
Official website here: www.proteusfund.org
Where can I find the form 990 for Proteus Fund Inc?
Proteus Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.proteusfund.org
Learn more at the official website: www.proteusfund.org
Mission Statement of Proteus Fund Inc
Proteus Fund, a philanthropic organization, is dedicated to bridging the gap between social justice initiatives and philanthropy. With a mission to advance racial, gender, queer, and disability justice, as well as promote an inclusive, fully representative democracy, Proteus Fund connects engaged and mission-aligned funders to grantees through donor collaboratives.
By serving as a catalyst for change, Proteus Fund supports a diverse range of social justice initiatives, empowering them with the necessary resources to make a significant impact. Through fiscal sponsorship, the organization provides a platform for dynamic social justice initiatives to thrive, allowing them to focus on their mission rather than administrative tasks. Additionally, Proteus Fund offers donor and group advised funds, all in line with its mission, vision, and values.
Proteus Fund's role extends beyond financial support. It seeks to create meaningful partnerships, fostering collaboration and ensuring that the initiatives it supports have the best possible chance of success. By connecting funders directly to the frontlines of social justice, Proteus Fund not only facilitates impactful change but also promotes a more equitable and just society.
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Impact
October, 2024
Proteus Fund Inc has a significant impact by bridging the gap between philanthropy and grassroots movements for social justice. By connecting engaged funders with frontline initiatives, Proteus Fund advances critical issues related to racial, gender, queer, and disability justice. Their ability to facilitate donor collaboratives empowers diverse groups and strengthens the funding landscape for organizations that are actively working toward an inclusive and representative democracy.
Through fiscal sponsorship, Proteus Fund supports innovative social justice initiatives, enabling them to thrive and effectively pursue their missions. By aligning funding with key social justice objectives, they help ensure that resources are directed toward meaningful change. Overall, Proteus Fund plays a crucial role in mobilizing resources and fostering collaboration among stakeholders committed to social progress.
This information is meant to be a general summary of Proteus Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $474,402
- Program Service Revenue: $661,378
- Gross Receipts: $63,414,771
Assets and Liabilities:
- Total Assets: $54,254,399
- Total Liabilities: $9,200,844
- Net Assets: $45,053,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARNED INCOME FROM CONSULTING
Revenue
$652,378
MANAGEMENT SERVICE INCOME
Revenue
$9,000
Organization Details
Founding Year
1994
Phone
(413) 256-0349Principal Officer
Paul Di Donato
Main Address
15 RESEARCH DRIVE SUITE B, AMHERST, MA, 01002
Website
www.proteusfund.orgNTEE Category
Code: B99 - Education
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