Nonprofit · EIN 04-3243004
PROTEUS FUND INC
Tax-exempt · WALTHAM, MA 02451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $43,200,431 | $50,856,079 | -$7,655,648 | $67,104,176 | $6,320,606 | $60,783,570 |
| December 31, 2023 | 990 (amended) | $72,042,119 | $49,172,889 | $22,869,230 | $75,407,064 | $7,361,017 | $68,046,047 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $39,756,258
- Program service revenue
- $1,621,263
- Investment income
- $1,822,910
- Net gain from sales of assets
- $25,095
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $21,647,272
- Compensation of officers, directors and key employees
- $893,813
- Other salaries and wages
- $10,848,238
- Salaries, compensation and benefits (total)
- $15,413,724
- Professional fundraising fees
- $0
- Legal fees
- $158,929
- Accounting fees
- $40,000
- Occupancy
- $370,825
- Travel
- $3,262,756
- Depreciation
- $13,662
- Program services (functional)
- $41,318,421
- Management and general (functional)
- $7,438,140
- Fundraising (functional)
- $2,099,518
Balance sheet and other
- Total assets, start of year
- $75,407,064
- Total assets, end of year
- $67,104,176
- Total liabilities, end of year
- $6,320,606
- Net assets, end of year
- $60,783,570
- Land, buildings and equipment
- $59,991
- Publicly traded securities
- $7,812,894
- Net assets without donor restrictions
- $5,710,826
- Net assets with donor restrictions
- $55,072,744
- Gross receipts
- $43,630,624
- Employees
- 106
- Volunteers
- 12
- Year formed
- 1994
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL DI DONATO | PRESIDENT & CEO Officer | 40 | $369,231 | $48,245 |
| MICHAEL JARVIS | PROGRAM DIRECTOR Highest-paid employee | 40 | $198,433 | $58,958 |
| BEERY JIMENEZ | CHIEF OPERATING OFFICER Officer | 40 | $226,413 | $26,489 |
| SYDNEY HENRIQUES-PAYNE | DIRECTOR OF PEOPLE & CULTURE Highest-paid employee | 40 | $195,064 | $29,169 |
| RYAN CHAVEZ | FORMER CHIEF FINANCIAL OFFICER Officer | 40 | $176,379 | $47,057 |
| NICOLE CAMPBELL | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| NIMA SHIRAZI | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| RICK SCOTT | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DESIREE FLORES | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| TAMMY DOWLEY-BLACKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA ENG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EVERETTE THOMPSON-FRANCOIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RISA RIFKIND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIA TERESA ROJAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETSY SCHMIDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIA OROS PETERS | DIRECTOR Trustee or director | 2 | $0 |
| ERIC WARD | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL DI DONATO | PRESIDENT & CEO Officer | 40 | $372,415 | $46,663 |
| AMARDEEP SINGH BHALLA | VP OF PROGRAMMING Highest-paid employee | 40 | $179,306 | $57,632 |
| EMILY HARRIS | DIRECTOR DPF Highest-paid employee | 40 | $199,960 | $36,032 |
| MICHAEL JARVIS | DIRECTOR TAI Highest-paid employee | 40 | $194,695 | $39,941 |
| BEERY JIMENEZ | CHIEF OPERATING OFFICER Officer | 40 | $204,625 | $23,110 |
| ERIC WARD | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| NATASHA MINSKER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ODELL MAYS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| NIMA SHIRAZI | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| RYAN ALEXANDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD BURNS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA ENG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MAI-ANH TRAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIA OROS PETERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETSY SCHMIDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICK SCOTT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMMY DOWLEY-BLACKMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 303 WYMAN ST STE 300, WALTHAM, MA 02451-1255
- In care of
- % PROT
- Principal officer (990 for 2024)
- PAUL DI DONATO, 303 WYMAN STREET 300, WALTHAM, MA 02451
- Signed the 990
- PAUL DI DONATO, CHIEF EXECUTIVE OFFICER
- Phone
- (413) 256-0349
- Website
- WWW.PROTEUSFUND.ORG
- Return prepared by
- WHITTLESEY PC
Mission
PROTEUS FUND CONNECTS PHILANTHROPY TO THE FRONTLINES OF SOCIAL JUSTICE TO ADVANCE RACIAL, GENDER, QUEER, AND DISABILITY JUSTICE, AND AN INCLUSIVE, FULLY REPRESENTATIVE DEMOCRACY.
Program accomplishments
- PROTEUS FUND SPECIALIZES IN CONNECTING ENGAGED, MISSION-ALIGNED FUNDERS TO EACH OTHER AND TO GRANTEES THROUGH DONOR COLLABORATIVES. WE ALSO OFFER FISCAL SPONSORSHIP TO DYNAMIC SOCIAL JUSTICE INITIATIVES AS WELL AS DONOR AND GROUP ADVISED FUNDS ALIGNED WITH OUR MISSION, VISION, AND VALUES.Expenses $25,204,237 · grants $13,026,086 · revenue $988,971
- PIPER FUND IS A DONOR COLLABORATIVE THAT BRINGS TOGETHER INDIVIDUAL DONORS AND FOUNDATIONS TO DEFEND DEMOCRATIC INSTITUTIONS AND THE RULE OF LAW. THE FUND CONNECTS AND RESOURCES GRASSROOTS ORGANIZATIONS DEDICATED TO PROTECTING OUR DEMOCRACY AND ENVISIONING REFORMS TO MAKE IT MORE INCLUSIVE AND REPRESENTATIVE.Expenses $7,437,316 · grants $3,981,167 · revenue $291,827
- RIGHTS, INCLUSION, SOLIDARITY, AND EQUITY (RISE) TOGETHER FUND IS A DONOR COLLABORATIVE THAT BRINGS TOGETHER INDIVIDUAL DONORS AND FOUNDATIONS TO ADVANCE THE CIVIL RIGHTS AND FIGHT FOR FULL INCLUSION OF BLACK, AFRICAN, ARAB, MUSLIM, MIDDLE EASTERN, AND SOUTH ASIAN COMMUNITIES AND PROMOTE THEIR CONTRIBUTIONS TO DEMOCRACY, CULTURE, AND SOCIETY.Expenses $8,676,868 · grants $4,640,019 · revenue $340,465
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3243004
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $67,104,176
- Income (IRS master file)
- $43,630,624
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $43,200,431 | $50,856,079 | $67,104,176 | IRS |
| 990 | December 2023 | $72,042,119 | $49,172,889 | $75,407,064 | XML |
| 990 | December 2022 | $62,955,408 | $59,655,544 | $54,254,399 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3243004).
Questions about PROTEUS FUND INC
- What is the EIN of PROTEUS FUND INC?
- The employer identification number (EIN) of PROTEUS FUND INC is 04-3243004.
- Is PROTEUS FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to PROTEUS FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROTEUS FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROTEUS FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROTEUS FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROTEUS FUND INC?
- The 990 for the year ended December 31, 2024 names PAUL DI DONATO.
- Who are the officers and directors of PROTEUS FUND INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 5 received compensation from the organization, the highest $369,231 (PAUL DI DONATO, PRESIDENT & CEO).
- How much revenue does PROTEUS FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $43,200,431, expenses of $50,856,079 and total assets of $67,104,176 at year end.
Other nonprofits in WALTHAM
- BRANDEIS UNIVERSITY EIN 04-2103552 · last filed 990 for 2025
- BENTLEY UNIVERSITY EIN 04-1081650 · last filed 990 for 2025
- THE CONVERSATION US INC EIN 46-0906774 · last filed 990 for 2025
- LUMEN ACADEMY INC EIN 99-1333584 · last filed 990 for 2025
- METALWERX INC EIN 13-4261443 · last filed 990 for 2024
- FRIENDS OF THE WALTHAM FAMILY SCHOOL INC EIN 46-2772840 · last filed 990 for 2025
- SAINT MARY OF CARMEN SOCIETY INC EIN 20-4035392 · last filed 990 for 2025
- PARENTS EDUCATION FOUNDATION INC EIN 71-0893782 · last filed 990-EZ for 2025