Francis J Quirico Educational Foundation
- Assets
- $3.3m
- Revenue
- $185.5k
- Investments
- $3.2m
- Employees
- 0
- Location
- Pittsfield, MA
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-7145260
Organization Overview
Francis J Quirico Educational Foundation is located in Pittsfield, MA. The organization was established in 2007. 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. Francis J Quirico 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 12/2023, Francis J Quirico Educational Foundation generated $185.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $287.9k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 8 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 2016, Francis J Quirico Educational Foundation has awarded 786 individual grants totaling $3,056,065. 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 |
|---|---|---|---|
John C Donna Esquire Trustee | 1 | $0 | |
Clement A Ferris Jr Trustee | 1 | $0 | |
Vincent P Marinaro Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,488 |
| Dividends & Interest | $166,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,816 |
| Capital Gain Net Income | $13,816 |
| Net ST Capital Gain | $0 |
| Income Modifications | $32 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $185,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,921 |
| Depreciation | $0 |
| Occupancy | $3,900 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $344 |
| Other expenses | $2,297 |
| Total operating and administrative expenses | $35,588 |
| Contributions, gifts, grants paid | $252,325 |
| Total expenses and disbursements | $287,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,530 |
| 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 | $389,952 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,277,993 |
| 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, Francis J Quirico Educational Foundation has awarded $358,619 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
TAIBAT O AHMED PURPOSE: SCHOLARSHIP | $750 |
BRIAN O ANNOR-BAAH PURPOSE: SCHOLARSHIP | $8,159 |
KEANU B ARCE-JACKSON PURPOSE: SCHOLARSHIP | $2,750 |
ABIGAIL J ARCHEY PURPOSE: SCHOLARSHIP | $4,750 |
BRAYDEN J BUNNELL PURPOSE: SCHOLARSHIP | $7,052 |
ANNA M DINICOLA PURPOSE: SCHOLARSHIP | $3,250 |