Billy Andrade-Brad Faxon Charities For Children Inc
- Assets
- $2.0m
- Revenue
- $287.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Providence, RI
- Founding
- 04/1994
- Data as of
- 09/2022
- EIN
- 05-0476331
Organization Overview
Billy Andrade-Brad Faxon Charities For Children Inc is located in Providence, RI. The organization was established in 1994. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billy Andrade-Brad Faxon Charities For Children Inc 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 09/2022, Billy Andrade-Brad Faxon Charities For Children Inc generated $287.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $424.6k during the year ending 09/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Billy Andrade-Brad Faxon Charities For Children Inc has awarded 154 individual grants totaling $1,007,967. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION SUPPORTS VARIOUS CHARITABLE ENDEAVORS CONCENTRATING IN THE NEEDS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CHILDREN'S CHARITIES WITH FUNDING TO MAINTAIN THE HEALTH, EDUCATION, AND/OR GENERAL WELFARE OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Chase Director | Officer | 0.5 | $0 |
William F Lunnie Director | Officer | 0.5 | $0 |
John P Andrade Director | Trustee | 0.5 | $0 |
Thomas M Ryan Director | Trustee | 0.5 | $0 |
Thomas F Gilbane Director | Trustee | 0.5 | $0 |
Paula Mcnamara Secretary/treasurer | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,621 |
| Noncash contributions included in lines 1a–1f | $10,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,621 |
| Total Program Service Revenue | $0 |
| Investment income | $43,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $399,345 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,714 |
| Pension plan accruals and contributions | $1,504 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,466 |
| Information technology | $1,399 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $326 |
| All other expenses | $1,193 |
| Total functional expenses | $424,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,932,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,004,181 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,004,181 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,004,181 |
Grants Awarded
Over the last fiscal year, Billy Andrade-Brad Faxon Charities For Children Inc has awarded $272,345 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Fall River, MA PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,240 |
Newport, RI PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,124 |
Middletown, RI PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,000 |
Providence, RI PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,000 |
Attleboro, MA PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,000 |
Providence, RI PURPOSE: CHILDREN CHARITY FUNDING FOR HEALTH, EDUCATION & WELFARE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Billy Andrade-Brad Faxon Charities For Children Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $2,578,772 |
| Earnings | -$225,603 |
| Net Contributions | $75,621 |
| Other Expense | $424,609 |
| Ending Balance | $2,004,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Magaro Family Foundation Inc Danbury, CT | $30,477,702 | $229,929 |
Cooperative Fund Of New England Inc Watertown, MA | $43,843,231 | $2,931,121 |
Rodman For Kids Inc Foxborough, MA | $1,043,014 | $2,731,419 |
Bridges Impact Foundation Boston, MA | $482,504 | $401,774 |
Crawford Idema Fam Foundation Inc Concord, MA | $7,166,597 | $615,407 |
Billy Andrade-Brad Faxon Charities For Children Inc Providence, RI | $2,004,181 | $287,290 |
Adaptiv Inc Beverly, MA | $271,240 | $462,023 |
Gerald & Judith Feldman Charitable Foundation Canton, MA | $5,602,877 | $347,277 |