Fundacao Beneficente Faialense Inc
- Assets
- $214.0k
- Revenue
- $22.6k
- Investments
- $204.8k
- Employees
- 0
- Location
- E Providence, RI
- Founding
- 01/1984
- Data as of
- 06/2022
- 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 06/2022, Fundacao Beneficente Faialense Inc generated $22.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $14.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fundacao Beneficente Faialense Inc has awarded 118 individual grants totaling $130,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GRANTED TO 10 INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Alberto Treasurer | 5 | $0 | |
Madalena P Silva President | 5 | $0 | |
Kevin Silveira V President | 5 | $0 | |
Christine Silva President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,340 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,743 |
| 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 | $3,475 |
| Total Revenue | $22,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $751 |
| Total operating and administrative expenses | $4,876 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $14,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,180 |
| 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 | $204,787 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $213,967 |
| 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 | $5,000 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Fundacao Beneficente Faialense Inc has awarded $15,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ANA CAROLINA FIGUEIREDO PURPOSE: EDUCATION | $1,000 |
FAITH DASILVA PURPOSE: EDUCATION | $1,000 |
SPENCER D FRANCIS PURPOSE: EDUCATION | $1,000 |
MEGAN DOSOUTO PURPOSE: EDUCATION | $1,000 |
BRIAN M POIRIER JR PURPOSE: EDUCATION | $1,000 |
SPENCER FRANCIS PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Dorot Foundation Providence, RI | $152,678,758 | $11,417,261 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
The Childrens Investment Fund Foundation West Hartford, CT | $147,469,388 | $4,068,315 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
Leir Foundation Inc Ridgefield, CT | $108,810,861 | $16,743,415 |