Portside Foundation
Nonprofit profile at a glance
- EIN
- 824045670
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Location
- Falmouth, ME, USA
- Phone
- 2076197571
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $53,183
- Expenses
- $54,531
- Assets
- $5,658
- Liabilities
- $3,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Dava Davin (President)
People named in this filing
- Dava Davin (President)
- Jessica Nason (Secretary)
- Maurie Lewis (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Portside Foundation is organized as a public benefit corporation for the purpose of conducting fundraising events and activities to support charitable, scientific, and educational causes.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.5%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -21.7% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: -2.1% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.