Quaglia Institute For Student Aspirations
- Assets
- $768.1k
- Revenue
- $50.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, ME
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-2298927
Organization Overview
Quaglia Institute For Student Aspirations is located in Portland, ME. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Quaglia Institute For Student Aspirations employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quaglia Institute For Student Aspirations 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 12/2021, Quaglia Institute For Student Aspirations generated $50.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.7%) each year. All expenses for the organization totaled $195.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE QUAGLIA INSTITUTE FOR STUDENT ASPIRATIONS IS AN INDEPENDENT, NONPROFIT ORGANIZATION DEDICATED TO PROMOTING AND PUTTING INTO PRACTICE THE CONDITIONS THAT FOSTER STUDENT ASPIRATIONS IN SCHOOLS AND LEARNING COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QISA'S WORK INCLUDES PROFESSIONAL TRAINING, SURVEYS, FULL STAFF DEVELOPMENT AND STATE AND DISTRICT LEVEL WORK THROUGHOUT THE YEAR AT MULTIPLE SCHOOL DISTRICTS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Kramer Director | 0 | $0 | |
Daniel Minter Chairman | 0 | $0 | |
Russell J Quaglia President | 65 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $68 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $50,270 |
| Other Income | $0 |
| Total Revenue | $50,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $114,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,721 |
| Depreciation | $1,393 |
| Occupancy | $1,473 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,710 |
| Total operating and administrative expenses | $153,297 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $195,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,705 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $45,429 |
| Other assets | $0 |
| Total assets | $768,134 |
| 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 | $296,002 |
| Total liabilities | $296,002 |
Grants Awarded
Over the last fiscal year, Quaglia Institute For Student Aspirations has awarded $42,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Dunedin, FL PURPOSE: SUPPORT ORGANIZATION | $40,000 |
CATHOLIC MEMORIAL SCHOOL PURPOSE: SUPPORT ORGANIZATION | $1,000 |
Scarborough, ME PURPOSE: SUPPORT ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Mathematics And Science Alliance Augusta, ME | $1,278,654 | $3,049,879 |
North Country Education Services Agency Gorham, NH | $2,109,889 | $2,990,345 |
Ruths Reusable Resources Portland, ME | $1,235,595 | $2,258,704 |
Syntiro Readfield, ME | $266,317 | $2,097,035 |
National Digital Equity Center Wiscasset, ME | $314,757 | $1,729,700 |
Childrens Center Portland, ME | $970,507 | $1,509,773 |
Disabled Sports Usa Lincoln, NH | $2,082,997 | $1,017,942 |
Side X Side Inc Portland, ME | $95,985 | $709,064 |
White Pine Programs York, ME | $799,878 | $1,068,727 |
Believe In Books Literacy Foundation Intervale, NH | $2,762,067 | $849,892 |
New Hampshire Academy Of Science Warren, NH | $564,739 | $534,091 |
Mount Washington Valley Alpine Education Foundation Intervale, NH | $300,617 | $553,294 |