Robert F Stoico Firstfed Charitable Foundation
- Assets
- $26.9m
- Revenue
- $824.5k
- Investments
- $26.8m
- Employees
- 0
- Location
- Swansea, MA
- Founding
- 11/1997
- Data as of
- 03/2024
- 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 03/2024, Robert F Stoico Firstfed Charitable Foundation generated $824.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.3m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert F Stoico Firstfed Charitable Foundation has awarded 218 individual grants totaling $7,778,382. 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 | $117,459 | |
Anthony Sylvia Director | 1 | $0 | |
Richard W Cederberg Director | 1 | $0 | |
Dr Paul Raymond Director | 1 | $0 | |
Cecilia R Viveiros Corp Secretary/exec Director | 35 | $72,524 | |
John Varao Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $824,449 |
| 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 |
| Total Revenue | $824,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,983 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $33,761 |
| Interest | $1,612 |
| Taxes | $107,299 |
| Depreciation | $429 |
| Occupancy | $17,250 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,314 |
| Total operating and administrative expenses | $422,159 |
| Contributions, gifts, grants paid | $910,762 |
| Total expenses and disbursements | $1,332,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,643 |
| Savings and temporary cash investments | $0 |
| 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 | $16,574 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,322,531 |
| Net Land, buildings, and equipment | $7,913 |
| Other assets | $10,144 |
| Total assets | $26,899,154 |
| Accounts payable and accrued expenses | $51,257 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $309,557 |
| Other liabilities | $170,407 |
| Total liabilities | $531,221 |
Grants Awarded
Over the last fiscal year, Robert F Stoico Firstfed Charitable Foundation has awarded $1,160,762 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
AMOS HOUSE PURPOSE: EXEMPT PURPOSE | $2,000 |
ATTLEBORO COUNCIL OF CURCHES PURPOSE: EXEMPT PURPOSE | $2,000 |
ATTLEBORO SCHOLARSHIP FOUNDATION PURPOSE: EXEMPT PURPOSE | $1,000 |
BOYS AND GIRLS CLUB OF METRO SOUTH PURPOSE: EXEMPT PURPOSE | $150,000 |
BRISTOL COMMUNITY COLLEGE FOUND PURPOSE: EXEMPT PURPOSE | $100,000 |
CATHOLIC SOCIAL SERVICES PURPOSE: EXEMPT PURPOSE | $7,000 |