Squantum Association Charitable Foundation FY2023 filing

Providence, RI · Private foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$805K
+433% vs prior year
Spent
$29K
Net assets
$1.1M
By yearFY2021–FY2024
Revenue
$805K
FY2023▲ +433%
Revenue by fiscal year
FY2021$150K
FY2022$151K
FY2023$805K
FY2024$1.2M
Expenses
$29K
FY2023▲ +90%
Expenses by fiscal year
FY2021$0
FY2022$16K
FY2023$29K
FY2024$85K
Net assets
$1.1M
FY2023▲ +272%
Net assets by fiscal year
FY2021$150K
FY2022$285K
FY2023$1.1M
FY2024$2.2M

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSquantum Association Charitable Foundation
EINHdr · item D86-6782313
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2022
Latest filingForm 990FY2024 · Form 990-PF
Principal addressHdr · item CProvidence, RI
NTEE classificationIRS BMFFoundations & Grantmakers (T20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$29K
Operating & administrative2%$500
Total functional expensesLn 25$29K

Financial health

Is it on solid ground?

Total assets
1.1M
deployed as grants and operations
Grants paid
29K
in FY2023
Grants made
13grants
total in period
Payout rate
3%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Total assets
$1.1M
FY2023▲ +272%
Total assets by fiscal year
FY2021$150K
FY2022$285K
FY2023$1.1M
FY2024$2.2M
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Total assetsPt II$1.1M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed432.0

Statement of Revenue

Part VIII
Contributions & grants$785K · 97%
Investment income$20K · 3%
Contributions & grants97%$785K
Investment income3%$20K
Total revenueLn 12$805K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $805K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $805K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $805K · Prior year $151K
+433%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $805K · Expenses $29K
+96%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $29K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 433%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2023 filing did not itemize Part VII
Officer, Dir
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Squantum Association Charitable Foundation executive salaries →

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Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

A private foundation based in Providence, RI.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 13 grants · $72K · 2024–2024
Johnson & WalesFY2024$15,000
Day OneFY2024$10,000
Providence Rotaries Charities FFY2024$10,000
Meals on WheelsFY2024$5,000
Providence PromiseRI · FY2024$5,000
Ponham Rocks LighthouseFY2024$5,000
134 CollaborativeRI · FY2024$5,000
Stages of FreedomRI · FY2024$3,000
Adoption RIFY2024$2,500
Knights of Columbs-Kids CoatsFY2024$1,000
Books Are WingsRI · FY2024$1,000
Toys for Tots INCNY · FY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV6
Average grantPart XV$6K
Median grantPart XV$5K
Largest grantPart XV$15K
Top cause focusNTEEEducation (15%)

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $1.2M$85K+47% 990 PDF
FY2023 Viewing $805K$29K+433% 990 PDF
FY2022 $151K$16K+0.7% 990 PDF
FY2021 $150K$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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