Michael P Stefanik Charitable Foundation
- Assets
- $15.3k
- Revenue
- $20.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Coventry, RI
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3393951
Organization Overview
Michael P Stefanik Charitable Foundation is located in Coventry, RI. The organization was established in 2020. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Michael P Stefanik Charitable 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 12/2021, Michael P Stefanik Charitable Foundation generated $20.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $18.0k 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 Program Activity:
Part 3 - Line 4a
WILL RAISE, HOLD AND DISTRIBUTE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES AND THE LIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie A Stefanik Director, 2 | 0 | $0 | |
Nicole S Coleman Vice Preside | 0 | $0 | |
Christine S Pugh Secretary, 1 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,225 |
| Interest on Savings | $0 |
| 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 | $241 |
| Other Income | $17,453 |
| Total Revenue | $20,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,011 |
| Total operating and administrative expenses | $3,011 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $18,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,006 |
| 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 | $270 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,276 |
| 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, Michael P Stefanik Charitable Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COVENTRY HIGH SCHOOL PURPOSE: PURCHASE EQUIPMENT | $10,000 |
Oshkosh, WI PURPOSE: SCHOLARSHIPS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michael P Stefanik Charitable Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Officer Ryan J Bourque Charitable Foundation Coventry, RI PURPOSE: PROVIDE EDUCATIONAL OPPORTUNITIES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Derek And Leora Kaufman Foundation Greenwich, CT | $2,356,949 | -$62,458 |
Precious Project Inc Lincoln, MA | $1,048,612 | $1,212,257 |
Pink Aid Inc Westport, CT | $1,609,644 | $1,644,742 |
Corey C Griffin Charitable Foundation Framingham, MA | $13,543,276 | $5,178,493 |
Vecna Cares Charitable Tr Burlington, MA | $426,702 | $770,329 |
Shalom Learning Inc Pittsfield, MA | $307,105 | $914,498 |
United Compassion Fund Inc Stamford, CT | $2,965,536 | $1,209,385 |
De Ramel Foundation Newport, RI | $10,636,602 | $1,503,382 |
Simsbury Performing Arts Center Inc Simsbury, CT | $695,774 | $665,770 |
Mildreds Dream Foundation Inc Boston, MA | $118,551 | $345,123 |