Queenan Foundation Inc
- Assets
- $598.5k
- Revenue
- $116.4k
- Investments
- $531.7k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1961
- Data as of
- 06/2022
- EIN
- 06-6022913
Organization Overview
Queenan Foundation Inc is located in Washington, DC. The organization was established in 1961. 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. Queenan Foundation 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 06/2022, Queenan Foundation Inc generated $116.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.1% each year . All expenses for the organization totaled $106.3k during the year ending 06/2022. While expenses have increased by 11.4% per year over the past 3 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 2020, Queenan Foundation Inc has awarded 104 individual grants totaling $232,000. 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 |
|---|---|---|---|
Jennifer M Pivirotto Vice President | 1 | $0 | |
Michael C Queenan Vice President | 1 | $0 | |
John T Queenan Jr MD President | 5 | $0 | |
Alison Abrams Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,701 |
| Capital Gain Net Income | $87,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,633 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,277 |
| Contributions, gifts, grants paid | $88,000 |
| Total expenses and disbursements | $106,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,974 |
| Savings and temporary cash investments | $23,830 |
| 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 | $531,728 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $598,532 |
| 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, Queenan Foundation Inc has awarded $88,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ROCHESTER ADVANCEMENT CENT PURPOSE: GENERAL OPERATING PURPOSES | $10,000 |
Emporium, PA PURPOSE: GENERAL OPERATING | $9,500 |
PBS NEWS HOUR WHYY PURPOSE: GENERAL OPERATING PURPOSES | $8,000 |
Saratoga Springs, NY PURPOSE: GENERAL OPERATING | $6,000 |
NEW CANAAN LIBRARY PURPOSE: GENERAL OPERATING | $3,500 |
Washington, DC PURPOSE: GENERAL OPERATING | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |