Proteus Action League EIN 22-3888268 Form 990 (PDF) Claim this org

Proteus Action League

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Partners with donors and advocates to advance racial, gender, queer, and disability justice while promoting an inclusive democracy and protecting minority civil rights. For fiscal year 2024 it reported $1.0M in revenue, $1.9M in expenses, and $1.6M in net assets.Pt I

Type
Membership association · Civil Rights & Advocacy
Location
Waltham, MA
Filings
5 on file (2020–2024)
Revenue
$1.0MFY2024
Expenses
$1.9M
Net assets
$1.6M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-3888268 Membership association Waltham, MA
Form 990 (PDF)
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Size
$1–10M
What they do
Partners with donors and advocates to advance racial, gender, queer, and disability justice while promoting an inclusive democracy and protecting minority civil rights.
Leadership
Paul Di Donato · President & CEO
Money in and out
$1.0M revenue, $1.9M expenses
Bottom line
-89% operating surplus
Membership & operating revenue · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$917K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Operating surplus
-89%
revenue over expenses▼ -111% vs prior filing year
Earned revenue
10%
of revenue from program services & dues▲ +41% vs prior filing year
Program spending
89%
of expenses reach member services▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.0M
FY2024▼ -9%
Expenses
$1.9M
FY2024▲ +21%
Total assets
$1.9M
FY2024▼ -33%
Total liabilities
$360K
FY2024▼ -8%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$917K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $1.7M of program spending, described in the organization's own filed words · FY2024.
01

Rights, inclusion, solidarity, and equity (rise) together action 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…

$815Kprogram expense
02

Piper action fund is a grantmaking program that brings together individual donors and 501(c)4 organizations to support legislative advocacy and issue-specific reform campaigns to defend democratic institutions and the rule of law.

$642Kprogram expense
03

Proteus action league advances social justice issues by hosting action funds on specific issue areas and partnering with innovative projects through fiscal sponsorship and donor advised 501(c)4 funds aligned with our mission, vision, and values.

$277Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProteus Action League
EINHdr · item D22-3888268
Principal addressHdr · item CWaltham, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R99)
Ruling yearIRS BMFJun 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
Director-Philanthropy & Fiscal Sponsorship
$0Pt VII · Sec A
Former Chief Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$873K · 85%
Program service revenue$100K · 10%
Investment income$53K · 5%
Contributions & grants85%$873K
Program service revenue10%$100K
Investment income5%$53K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program services89%$1.7M
Management & general9%$173K
Fundraising2%$35K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$1.9M
Total liabilitiesLn 26$360K
Total net assetsLn 32$1.6M
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $1.9M
9.3 months
Where the money goes
Program services
Program services $1.7M · Total expenses $1.9M
89%
Management & General
Management & general $173K · Total expenses $1.9M
9%
Fundraising
Fundraising $35K · Total expenses $1.9M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $47K · Solicited contributions (3-yr avg) $1.7M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $873K · Total revenue $1.0M
85%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $100K · Total revenue $1.0M
10%
Investment reliance
Investment income $53K · Total revenue $1.0M
+5%
Program self-sufficiency
Program service revenue $100K · Total expenses $1.9M
5%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1.1M
-9%
Revenue CAGR
FY2020 $1.2M · FY2024 $1.0M
-4%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.9M
-89%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.6M · Total assets $1.9M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Di Donato · Reported title PRESIDENT & CEO · Highest reported compensation $0 · Total expenses $1.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.9M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 9%
Fundraising cost ratio 4%
Revenue growth -9%
Legal fee ratio 1%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Proteus Fund INCFY2024$1.8M
Total grants receivedfrom 2 funders$2.0M
Grants paid · 183 grants · $4.2M · 2020–2024
Emgage Action INCFL · FY2024$125,000
Niac ActionDC · FY2024$84,300
Tirrc VotesTN · FY2024$75,000
Floridians for Open DemocracyFY2024$50,000
Reform for IllinoisIL · FY2024$50,000
Voters Not MoneyFY2024$35,000
Woven Action INCHI · FY2024$33,762
Arab Americans for ProgressMI · FY2024$25,000
South Asian American Coalition to Renew Democracy ActsFY2024$25,000
Organize Action INCCA · FY2024$20,320
Emancipate VotesNC · FY2024$20,000
United Working FamiliesIL · FY2024$20,000
See all 183 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$3.0M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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