Sqa Foundation Inc
- Assets
- $9.1m
- Revenue
- -$2.0m
- Investments
- $7.2m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/1996
- Data as of
- 11/2021
- EIN
- 65-0541856
Organization Overview
Sqa Foundation Inc is located in Miami, FL. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sqa 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.
Since 2014, Sqa Foundation Inc has awarded 197 individual grants totaling $3,565,599. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH A FOCUS ON "WORKFORCE READINESS," GRANTS WERE TO HELP PROVIDE EDUCATION IN THE ENGLISH LANGUAGE IN SUPPORT OF THE PERSONAL AND PROFESSIONAL LIVES OF NEW YORK IMMIGRANTS.
TO HELP THE UNIVERSTY OF PENNSYLVANIA THROUGH THE REALM OF ATHLETICS BY SUPPORTING ITS VARSITY BASKETBALL FUND, VARSITY SWIMMING FUND AND YOUNG QUAKERS LACROSSE FUND.
TO SUPPORT THE OLDEST, CONTINUOUSLY OPERATED, COEDUCATIONAL SCHOOL IN NEW YORK CITY THAT SERVES STUDENTS FROM KINDERGARTEN TO GRADE 12.
TO HELP A LEADING ACADEMIC MEDICAL CENTER ADVANCE ITS GOALS OF FURTHERING CLINICAL CARE, EDUCATION AND RESEARCH IN THE MEDICAL FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Machado Director | 40 | $200,000 | |
Leonardo D Gravier Director | 2 | $0 | |
Jeffrey L Neuman Director | 22 | $0 | |
David Malina Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,000 |
| Interest on Savings | $134,698 |
| Dividends & Interest | $125,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$498,583 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,897,660 |
| Total Revenue | -$2,041,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $0 |
| Interest | $52,194 |
| Taxes | $21,360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,513 |
| Total operating and administrative expenses | $488,742 |
| Contributions, gifts, grants paid | $611,500 |
| Total expenses and disbursements | $1,100,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,735 |
| Savings and temporary cash investments | $1,809,194 |
| 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 | $5,719,492 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,065,168 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $428 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $428 |
Grants Awarded
Over the last fiscal year, Sqa Foundation Inc has awarded $611,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SQA EDUCATION INC PURPOSE: TO HELP PROVIDE EDUCATION IN THE ENGLISH LANGUAGE AND ON WORKFORCE READINESS | $210,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: TO SUPPORT RESEARCH AND HIGHER EDUCATION | $70,000 |
New York, NY PURPOSE: TO SUPPORT THE OLDEST, CONTINUOUSLY OPERATED SCHOOL IN NYC | $61,500 |
Loma Linda, CA PURPOSE: TO HELP A LEADING ACADEMIC MEDICAL CENTER ADVANCE ITS GOALS OF FURTHERING CLINICAL CARE, EDUCATION AND RESEARCH IN THE MEDICAL FIELD. | $50,000 |
New York, NY PURPOSE: TO HELP PROVIDE CLEFT TREATMENT TO YOUTHS | $30,000 |
New York, NY PURPOSE: TO SUPPORT JEWISH HISTORY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |