The Cianci Educational Foundation
- Assets
- $211.4k
- Revenue
- $42.4k
- Investments
- $199.4k
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 05-0461354
Organization Overview
The Cianci Educational Foundation is located in Warwick, RI. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cianci Educational 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 06/2022, Cianci Educational Foundation generated $42.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $65.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cianci Educational Foundation has awarded 49 individual grants totaling $123,028. 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 |
|---|---|---|---|
Brad Turchetta President/treasurer/direct | 5 | $0 | |
Olivia Cianci Director | 0.25 | $0 | |
Artin Coloian Director | 0.25 | $0 | |
Carol Turchetta Secretary/ Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,528 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,930 |
| Capital Gain Net Income | $35,930 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $682 |
| Depreciation | $0 |
| Occupancy | $9,340 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,620 |
| Total operating and administrative expenses | $43,492 |
| Contributions, gifts, grants paid | $22,080 |
| Total expenses and disbursements | $65,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,256 |
| Savings and temporary cash investments | $4,411 |
| 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 | $199,378 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,396 |
| Total assets | $211,441 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Cianci Educational Foundation has awarded $22,080 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JAMES NICOLL PURPOSE: EDUCATION | $1,000 |
MADISON LORELLO PURPOSE: EDUCATION | $1,000 |
JASON PATALANO PURPOSE: EDUCATION | $1,000 |
GLORIA GEMMA BREAST CANCER RESOURCE FOUNDATION PURPOSE: HEALTH CARE | $4,580 |
ALEX MEHTA PURPOSE: EDUCATION | $1,000 |
JOSHUA HATHAWAY PURPOSE: EDUCATION | $2,500 |