Fundacao Beneficente Faialense Inc
- Assets
- $218.2k
- Revenue
- $24.9k
- Investments
- $212.7k
- Employees
- 0
- Location
- E Providence, RI
- Founding
- 01/1984
- Data as of
- 06/2023
- EIN
- 04-2722163
Organization Overview
Fundacao Beneficente Faialense Inc is located in E Providence, RI. The organization was established in 1984. 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. Fundacao Beneficente Faialense 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 06/2023, Fundacao Beneficente Faialense Inc generated $24.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $22.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fundacao Beneficente Faialense Inc has awarded 135 individual grants totaling $147,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GRANTED TO 11 INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Alberto Secretary | 5 | $0 | |
Emaunel Deandrade President | 5 | $0 | |
Kevin Silveira V President | 5 | $0 | |
Antonio Teixeira Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,345 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,576 |
| 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 | $0 |
| Other Income | $9,986 |
| Total Revenue | $24,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,714 |
| Total operating and administrative expenses | $11,573 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $22,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,543 |
| 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 | $212,691 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $218,234 |
| 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 | $6,000 |
| Total liabilities | $6,000 |
Grants Awarded
Over the last fiscal year, Fundacao Beneficente Faialense Inc has awarded $17,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SPENCER D FRANCIS PURPOSE: EDUCATION | $1,000 |
MEGAN DOSOUTO PURPOSE: EDUCATION | $1,000 |
CAITLIN MORGADO PURPOSE: EDUCATION | $1,000 |
RAURIE LALIBERTE PURPOSE: EDUCATION | $1,000 |
ANGEL PELISSARI PURPOSE: EDUCATION | $1,000 |
RENATA SOFIA PIRE AVILA PURPOSE: EDUCATION | $1,000 |