Amica Companies Foundation
- Assets
- $43.8m
- Revenue
- $2.0m
- Investments
- $42.5m
- Employees
- 0
- Location
- Lincoln, RI
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 05-0493445
Organization Overview
Amica Companies Foundation is located in Lincoln, RI. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Amica Companies 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 12/2023, Amica Companies Foundation generated $2.0m 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 (37.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Amica Companies Foundation has awarded 12,409 individual grants totaling $15,731,421. 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 |
|---|---|---|---|
Edmund Shallcross III Chair, Pres, CEO & Dir | 0.25 | $0 | |
Suzanne E Casey Secretary (until 09/2023) | 0.25 | $0 | |
James P Loring Treasurer | 0.25 | $0 | |
Jennifer M Morrison General Counsel & Secretary | 0.25 | $0 | |
Susan F Chung Chief Investment Officer | 0.25 | $0 | |
Jill J Avery Director | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $56,741 |
| Dividends & Interest | $1,004,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $398,981 |
| Capital Gain Net Income | $363,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,960,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,427 |
| Taxes | $136,908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,328 |
| Total operating and administrative expenses | $164,263 |
| Contributions, gifts, grants paid | $2,661,504 |
| Total expenses and disbursements | $2,825,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,055 |
| Savings and temporary cash investments | $564,188 |
| 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 | $2,827,078 |
| Investments—other | $6,663,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $257,181 |
| Total assets | $43,815,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $335,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $89,001 |
| Total liabilities | $424,001 |
Grants Awarded
Over the last fiscal year, Amica Companies Foundation has awarded $3,508,711 in support to 2,912 organizations.
| Grant Recipient | Amount |
|---|---|
ALCHEMIA PURPOSE: GENERAL PURPOSE | $1,050 |
ALS THERAPY DEVELOPMENT INSTITUTE PURPOSE: GENERAL PURPOSE | $875 |
AMERICAN ANTI-VIVISECTION SOCIETY PURPOSE: GENERAL PURPOSE | $53 |
AMERICAN BROTHERHOOD FOR THE BLIND DBA BLIND CHILDREN AND ADULTS PURPOSE: GENERAL PURPOSE | $53 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: GENERAL PURPOSE | $88 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL PURPOSE | $1,488 |