The Cianci Educational Foundation
- Assets
- $234.6k
- Revenue
- $33.0k
- Investments
- $214.5k
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 06/1993
- Data as of
- 06/2021
- EIN
- 05-0461354
Organization Overview
The Cianci Educational Foundation is located in Warwick, RI. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cianci Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cianci Educational Foundation generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $59.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cianci Educational Foundation has awarded 60 individual grants totaling $148,948. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Turchetta President/treasurer/direct | 5 | $0 | |
Artin Coloian Director | 0.25 | $0 | |
Olivia Cianci Director | 0.25 | $0 | |
Carol Turchetta Secretary/ Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,430 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,212 |
| Capital Gain Net Income | $26,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $849 |
| Depreciation | $0 |
| Occupancy | $3,240 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,135 |
| Total operating and administrative expenses | $36,924 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $59,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,831 |
| Savings and temporary cash investments | $10,815 |
| 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 | $214,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,396 |
| Total assets | $234,568 |
| 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, The Cianci Educational Foundation has awarded $22,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: ECONOMIC GROWTH | $9,500 |
ARIEL SHIRZADI PURPOSE: EDUCATION | $2,500 |
CATHERINE HULLING PURPOSE: EDUCATION | $2,500 |
NAKEDA TOE PURPOSE: EDUCATION | $2,500 |
WOMEN & INFANTS SPONSORSHIP PURPOSE: HEALTH CARE | $2,000 |
Pawtucket, RI PURPOSE: HEALTH CARE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |
Bpe Roxbury, MA | $4,024,536 | $5,203,233 |
The Francis Ouimet Scholarship Fund Inc Norton, MA | $27,290,373 | $6,126,185 |
Seed Global Health Inc Boston, MA | $17,125,826 | $3,834,795 |
Adopt-A-Student Foundation Boston, MA | $35,377,425 | $24,201,045 |
Garden Homes Fund Stamford, CT | $20,595,820 | $4,598,282 |