Quaglia Institute For Student Aspirations
- Assets
- $489.5k
- Revenue
- $35.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, ME
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-2298927
Organization Overview
Quaglia Institute For Student Aspirations is located in Portland, ME. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Quaglia Institute For Student Aspirations employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quaglia Institute For Student Aspirations 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, Quaglia Institute For Student Aspirations generated $35.9k 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 (30.0%) each year. All expenses for the organization totaled $83.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Quaglia Institute For Student Aspirations has awarded 16 individual grants totaling $113,279. 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 Mission:
Part 3 - Line 1
THE QUAGLIA INSTITUTE FOR STUDENT ASPIRATIONS IS AN INDEPENDENT, NONPROFIT ORGANIZATION DEDICATED TO PROMOTING AND PUTTING INTO PRACTICE THE CONDITIONS THAT FOSTER STUDENT ASPIRATIONS IN SCHOOLS AND LEARNING COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QISA'S WORK INCLUDES PROFESSIONAL TRAINING, SURVEYS, FULL STAFF DEVELOPMENT AND STATE AND DISTRICT LEVEL WORK THROUGHOUT THE YEAR AT MULTIPLE SCHOOL DISTRICTS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Kramer Treasurer | 0 | $0 | |
Russell J Quaglia President | 65 | $0 | |
Kristine Fox Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30 |
| Dividends & Interest | $0 |
| 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 | $35,864 |
| Other Income | $0 |
| Total Revenue | $35,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $14,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,809 |
| Depreciation | $1,393 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,884 |
| Total operating and administrative expenses | $52,086 |
| Contributions, gifts, grants paid | $31,800 |
| Total expenses and disbursements | $83,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,878 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $42,643 |
| Other assets | $0 |
| Total assets | $489,521 |
| 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 | $146,002 |
| Total liabilities | $146,002 |
Grants Awarded
Over the last fiscal year, Quaglia Institute For Student Aspirations has awarded $31,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC MEMORIAL SCHOOL PURPOSE: SUPPORT ORGANIZATION | $1,000 |
MAC'S SPORTS INC PURPOSE: SUPPORT ORGANIZATION | $4,500 |
INDIGO ARTS ALLIANCE PURPOSE: SUPPORT ORGANIZATION | $1,000 |
CELEBRATE ME PURPOSE: SUPPORT ORGANIZATION | $1,000 |
ATTLEBORO SCHOLARSHIP FUND PURPOSE: SUPPORT ORGANIZATION | $300 |
TEACHER VOICE AND ASPIRATIONS INTERNATIONAL CENTER PURPOSE: SUPPORT ORGANIZATION | $23,000 |