Robert F Stoico Firstfed Charitable Foundation
- Assets
- $27.7m
- Revenue
- $1.9m
- Investments
- $26.8m
- Employees
- 0
- Location
- Swansea, MA
- Founding
- 11/1997
- Data as of
- 03/2022
- EIN
- 04-3343529
Organization Overview
Robert F Stoico Firstfed Charitable Foundation is located in Swansea, MA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert F Stoico Firstfed 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 03/2022, Robert F Stoico Firstfed Charitable Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $1.2m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert F Stoico Firstfed Charitable Foundation has awarded 235 individual grants totaling $10,382,840. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Stoico President/treasurer/chairman/director | 35 | $100,136 | |
Cecilia Viveiros Secretary/exec Director | 35 | $73,506 | |
Anthony Sylvia Director | 1 | $0 | |
Richard W Cederberg Director | 1 | $0 | |
Dr Paul Raymond Director | 1 | $0 | |
John Varao Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,850,002 |
| 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 | $43 |
| Total Revenue | $1,850,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $173,642 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,111 |
| Interest | $0 |
| Taxes | $32,811 |
| Depreciation | $1,017 |
| Occupancy | $16,650 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $238 |
| Other expenses | $23,137 |
| Total operating and administrative expenses | $319,505 |
| Contributions, gifts, grants paid | $842,010 |
| Total expenses and disbursements | $1,161,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,255 |
| Savings and temporary cash investments | $752,427 |
| 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 | $11,975 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,052,503 |
| Net Land, buildings, and equipment | $9,359 |
| Other assets | $0 |
| Total assets | $27,679,261 |
| Accounts payable and accrued expenses | $38,144 |
| 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 | $129,773 |
| Total liabilities | $167,917 |
Grants Awarded
Over the last fiscal year, Robert F Stoico Firstfed Charitable Foundation has awarded $2,122,010 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
SIGNATURE HEALTHCARE CORP PURPOSE: EXEMPT PURPOSE | $800,000 |
BRISTOL COMMUNITY COLLEGE FOUND PURPOSE: EXEMPT PURPOSE | $400,000 |
BRISTOL COMMUNITY COLLEGE FOUND PURPOSE: EXEMPT PURPOSE | $200,000 |
Brockton, MA PURPOSE: EXEMPT PURPOSE | $200,000 |
YMCA OF SOUTHEASTERN MA PURPOSE: EXEMPT PURPOSE | $130,160 |
SOUTHCOAST HEALTH PURPOSE: EXEMPT PURPOSE | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |