William D Squires Educational Foundation Inc
- Assets
- $85.9k
- Revenue
- $217.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 86-0946058
Organization Overview
William D Squires Educational Foundation Inc is located in Phoenix, AZ. The organization was established in 1999. 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. William D Squires Educational 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 12/2023, William D Squires Educational Foundation Inc generated $217.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $865.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William D Squires Educational Foundation Inc has awarded 214 individual grants totaling $2,285,614. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLIAM D. SQUIRES EDUCATIONAL FOUNDATION WAS CREATED SOLEY TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO STUDENTS DEMONSTRATING A FINANCIAL NEED,ACADEMIC PROMISE AND A BURNING DESIRE TO ATTEND COLLEGE. THE FOUNDATION HOPES TO HELP STUDENTS THAT MIGHT NOT OTHER WISE BE ABLE TO AFFORD THE COST OF TUITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Squires Gross Exec Director/vice President | 40 | $32,500 | |
Pamela A Bolen President | 1 | $0 | |
Judy K Perry Secretary | 1 | $0 | |
Mark A Squires Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,688 |
| Capital Gain Net Income | $189,688 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $217,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,533 |
| Depreciation | $0 |
| Occupancy | $1,083 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,274 |
| Total operating and administrative expenses | $50,902 |
| Contributions, gifts, grants paid | $814,873 |
| Total expenses and disbursements | $865,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,898 |
| Savings and temporary cash investments | $75,974 |
| 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 | $0 |
| Other assets | $1,011 |
| Total assets | $85,883 |
| Accounts payable and accrued expenses | $1,221 |
| 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 | $1,221 |
Grants Awarded
Over the last fiscal year, William D Squires Educational Foundation Inc has awarded $814,873 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOWLING GREEN STATE UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $7,500 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $5,000 |
CORNELL UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $7,500 |
THE UNIVERSITY OF TOLEDO FOUNDATION PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $100,000 |
DENISON UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $100,000 |
KENT STATE UNIVERSITY PURPOSE: ACADEMIC SCHOLARSHIP GRANT | $10,000 |