Amica Companies Foundation
- Assets
- $0.0
- Revenue
- $2.8m
- Investments
- $45.3m
- Employees
- 0
- Location
- Lincoln, RI
- Founding
- 02/1997
- Data as of
- 12/2020
- EIN
- 05-0493445
Organization Overview
Amica Companies Foundation is located in Lincoln, RI. The organization was established in 1997. 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. Amica Companies 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 12/2020, Amica Companies Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Amica Companies Foundation has awarded 6,631 individual grants totaling $8,304,914. 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 |
|---|---|---|---|
Suzanne E Casey Secretary | 0.25 | $0 | |
Robert A Dimuccio Chairman, President, CEO , & Director | 0.25 | $0 | |
James P Loring Treasurer | 0.25 | $0 | |
Jennifer M Morrison General Counsel | 0.25 | $0 | |
Susan F Chung Chief Investment Officer | 0.25 | $0 | |
Jill J Avery Director | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $650,155 |
| Dividends & Interest | $408,540 |
| Profit on Inventory Sales | $0 |
| Other Income | $850 |
| Total Revenue | $2,763,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $41,838 |
| Contributions, gifts, grants paid | $3,845,302 |
| Total expenses and disbursements | $3,887,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,124 |
| Investments—mortgage loans | $1,886,542 |
| Investments—other | $3,708,131 |
| Other assets | $354,058 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $507,918 |
Grants Awarded
Over the last fiscal year, Amica Companies Foundation has awarded $3,540,212 in support to 3,079 organizations.
| Grant Recipient | Amount |
|---|---|
GROW INITATIVE PURPOSE: GENERAL PURPOSE | $315,000 |
Mattapoisett, MA PURPOSE: GENERAL PURPOSE | $75,650 |
Cumberland, RI PURPOSE: GENERAL PURPOSE | $75,000 |
HASBRO CHILDRENS HOSPITAL PURPOSE: GENERAL PURPOSE | $50,000 |
Providence, RI PURPOSE: GENERAL PURPOSE | $50,000 |
Providence, RI PURPOSE: GENERAL PURPOSE | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Newmans Own Foundation Westport, CT | $226,904,846 | $19,666,525 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
F B Heron Foundation New Milford, CT | $412,823,233 | $28,288,660 |
Ralph R Papitto And Barbara A Papitto Private Family Foundation Hope, RI | $20,164,629 | $44,911,185 |
Diebold Foundation Inc Roxbury, CT | $15,650,779 | $11,297,446 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Hassenfeld Foundation Providence, RI | $69,706,667 | $3,941,296 |