Quarter Century Wireless Association Inc
- Assets
- $1.6m
- Revenue
- $148.5k
- Investments
- $1.6m
- Employees
- 1
- Location
- Van Nuys, CA
- Founding
- 12/1977
- Data as of
- 12/2023
- EIN
- 11-1990569
Organization Overview
Quarter Century Wireless Association Inc is located in Van Nuys, CA. The organization was established in 1977. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quarter Century Wireless Association 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 12/2023, Quarter Century Wireless Association Inc generated $148.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $119.6k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Quarter Century Wireless Association Inc has awarded 23 individual grants totaling $286,700. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE A YEARLY GRANT TO THE FOUNDATION FOR AMATEUR RADIO INC. A 501C3 PUBLIC CHARITY WHICH PROVIDES THE SELECTION AND DISTRIBUTION PROCESS AT NO COST. SINCE 1978 WE HAVE PAID FOR 613 INDIVIDUAL SCHOLARSHIPS TOTALLING $816,350. LAST YEAR WE PAID FOR 21 SCHOLARSHIPS AT $3,000 EACH.
WE PROVIDE GRANTS TO OTHER HAM RADIO ORGANIZATIONS THAT ARE PUBLIC CHARITIES THAT OPERATE FOR EDUCATIONAL AND SCIENTIFIC PURPOSES LIKE YOUTH DX ADVENTURE PROGRAM OF THE DAYTON AMATEUR RADIO ASSOCIATION AMSAT ARISS THE AMATEUR RADIO ON THE INTERNATIONAL SPACE STATION THE RADIO CLUB OF AMERICA'S YOUTH PROGRAMS AND TO ORGANIZATIONS THAT ASSIST IN DISASTER RECOVERY.
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter T Loughney Jr President | 30 | $0 | |
Jeffrey Beals Vice President | 1 | $0 | |
Anthony Perales Secretary | 10 | $0 | |
Larry Gabriel Treasurer | 20 | $0 | |
Kenneth Oelke Past President | 5 | $0 | |
Pete Varounis Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,860 |
| Interest on Savings | $199 |
| Dividends & Interest | $37,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,939 |
| Capital Gain Net Income | $48,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,711 |
| Other Income | $54,853 |
| Total Revenue | $148,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $16,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,547 |
| Printing and publications | $0 |
| Other expenses | $9,577 |
| Total operating and administrative expenses | $50,398 |
| Contributions, gifts, grants paid | $69,200 |
| Total expenses and disbursements | $119,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,796 |
| Savings and temporary cash investments | $21,818 |
| 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 | $11,583 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,735 |
| Total assets | $1,600,768 |
| 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, Quarter Century Wireless Association Inc has awarded $69,200 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR AMATEUR RADIO INC PURPOSE: COLLEGE SCHOLARSHIPS | $51,000 |
RADIO CLUB OF AMERICA PURPOSE: PROMOTE YOUTH ACTIVITIES | $4,200 |
DAYTON AMATEUR RADIO ASSOCIATION PURPOSE: SUPPORT THE PRESERVATION OF RADIO EQUIPMENT AND RADIO AMATEURS. | $2,000 |
JUPITER TEQUESTA REPEATER GROUP PURPOSE: TO HELP RECRUIT MORE HAMS INTO OUR HOBBY. | $2,000 |
ORLANDO AMATEUR RADIO CLUB PURPOSE: ASSISTANCE AND SUPPORT OF RADIO AMATEURS | $2,000 |
ATLANTA RADIO CLUB PURPOSE: ASSISTANCE OF AMATEUR RADIO OPERATORS AND IN-PERSON MEETINGS. | $2,000 |