Elizabeth C Quinlan Foundation Inc
- Assets
- $3.5m
- Revenue
- $121.0k
- Investments
- $3.2m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 06/1948
- Data as of
- 12/2022
- EIN
- 41-0706125
Organization Overview
Elizabeth C Quinlan Foundation Inc is located in Wayzata, MN. The organization was established in 1948. 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. Elizabeth C Quinlan 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 12/2022, Elizabeth C Quinlan Foundation Inc generated $121.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $382.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elizabeth C Quinlan Foundation Inc has awarded 127 individual grants totaling $718,500. 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 |
|---|---|---|---|
Lucia Lahiff Crane President/treasurer/truste | 5 | $0 | |
Kathleen L Budge Vice Pres/trustee | 1 | $0 | |
Kathleen Leslie Trustee | 1 | $0 | |
Vincent Grundman Trustee | 1 | $0 | |
Kathryn H Iverson Foundation Manager | 26 | $52,503 | |
Brian Budge Secretary/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,659 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,503 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,135 |
| Depreciation | $0 |
| Occupancy | $8,799 |
| Travel, conferences, and meetings | $172 |
| Printing and publications | $0 |
| Other expenses | $9,323 |
| Total operating and administrative expenses | $97,982 |
| Contributions, gifts, grants paid | $284,500 |
| Total expenses and disbursements | $382,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $355,220 |
| Net Accounts receivable | $2,998 |
| 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 | $2,768 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,794,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $615 |
| Total assets | $3,534,641 |
| Accounts payable and accrued expenses | $1,970 |
| 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 | $28,800 |
| Total liabilities | $30,770 |
Grants Awarded
Over the last fiscal year, Elizabeth C Quinlan Foundation Inc has awarded $284,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ALIGHT PURPOSE: SOCIAL HEALTH AND WELFARE - OPERATING | $4,000 |
ASSISTANCE LEAGUE MINNEAPLIS PURPOSE: SOCIAL HEALTH AND WELFARE - OPERATING | $3,000 |
HOSPITALITY HOUSE YOUTH DEVELOPMENT PURPOSE: SOCIAL HEALTH AND WELFARE - OPERATING | $5,000 |
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF ST PAUL - MINNEAPOLIS PURPOSE: SOCIAL HEALTH AND WELFARE - OPERATING AND CAPITAL | $45,000 |
CENTRO GUADALUPANO PURPOSE: SOCIAL HEALTH AND WELFARE - OPERATING | $2,000 |
CHARITIES REVIEW COUNCIL PURPOSE: ARTS AND HUMANITIES - OPERATING | $1,500 |