Quimby Family Foundation
- Assets
- $21.9m
- Revenue
- $552.2k
- Investments
- $21.3m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 20-0041017
Organization Overview
Quimby Family Foundation is located in Portland, ME. The organization was established in 2004. 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. Quimby Family 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 12/2023, Quimby Family Foundation generated $552.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Quimby Family Foundation has awarded 561 individual grants totaling $9,804,226. 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
BOOST COMMUNICATION PROGRAM - A FOUR MONTH PROGRAM DESIGNED TO ASSIST SMALL NON-PROFIT ORGANIZATIONS WITH IDENTIFYING WAYS TO STREAMLINE, COORDINATE, AND AMPLIFY COMMUNICATION EFFORTS TO SUPPORT THE NON-PROFIT'S MISSION. SEE WWW.QUIMBYFAMILYFOUNDATION.ORG/BOOST FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanne Quimby President & Director | 2 | $0 | |
Hannah Quimby Executive Director & Director | 40 | $115,500 | |
Rachelle Quimby Director | 4 | $0 | |
Lucas St Clair Director | 2 | $0 | |
Rebecca Rowe Treasurer & Director | 4 | $0 | |
Yemaya St Clair Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $172,122 |
| Dividends & Interest | $352,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,342 |
| Capital Gain Net Income | $27,342 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $552,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,500 |
| Other employee salaries and wages | $107,584 |
| Pension plans, employee benefits | $36,273 |
| Interest | $0 |
| Taxes | $27,238 |
| Depreciation | $0 |
| Occupancy | $376 |
| Travel, conferences, and meetings | $8,742 |
| Printing and publications | $0 |
| Other expenses | $119,276 |
| Total operating and administrative expenses | $553,788 |
| Contributions, gifts, grants paid | $960,992 |
| Total expenses and disbursements | $1,514,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,361 |
| Savings and temporary cash investments | $392,302 |
| 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 | $4,604,746 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $250,000 |
| Total assets | $21,922,296 |
| 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, Quimby Family Foundation has awarded $960,992 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ALLAGASH WILDERNESS WATERWAY FOUNDATION PURPOSE: MOVEMENT GRANT | $10,000 |
ADAPTIVE OUTDOOR EDUCATION CENTER PURPOSE: MOVEMENT GRANT | $8,000 |
BIRTH ROOTS PURPOSE: MOVEMENT GRANT | $10,000 |
APEX YOUTH CONNECTION PURPOSE: MOVEMENT GRANT | $10,000 |
BLUE HILL HERITAGE TRUST PURPOSE: MOVEMENT GRANT | $10,000 |
CAMP CAPELLA PURPOSE: MOVEMENT GRANT | $5,000 |